Economy

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EBRD urges Kazakhstan to ease reliance on commodities

The European Bank for Reconstruction and Development (EBRD) encouraged Kazakhstan to continue its efforts to diversify its economy and stop relying on commodity prices as an engine for economic growth, visiting EBRD executive said.

 

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After Dubai debacle, wondering where the next debt bombs lurk


For the moment, at least, global investors seem to be taking Dubai's sinking fortunes in their stride

 

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Kazakhstan to export 3 mln tonnes of grains to China

Kazakhstan still did not launch grain terminal at the border with the People's Republic of China, and Kazakhstan faces some problems with grain shipment to China.

 

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Stagnation in store for Kazakhstan's banking sector

Kazakhstan's banking sector has been shored up by government cash, but this isn't sustainable in the long run. Until new sources of funding can be tapped, the sector is in for a period of stagnation, a new report from Renaissance Capital says.

 

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Russia and Kazakhstan sign agreements on oil and power transit

Russia and Kazakhstan have concluded agreements on oil transit and the parallel operation of the two countries' power grids, according to media reports. The deals were signed November 20 by Russian Energy Minister Sergei Shmatko and his Kazakh counterpart Sauat Mynbayev.

 

 

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BTA Bank Seeks Early Loan Payments

New management wants to cover inability to work by blaming on mistakes of old management

 

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Temir bank defaults on debt; seeks restructuring

Temirbank, Kazakhstan's tenth largest bank, has defaulted on its debt and became the fourth Kazakh lender to seek restructuring this year, the bank said in a statement on Monday.

 

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Power Struggle Threatens Central Asian Electricity Grid

Defections from regiona distribution network may destroy Soviet-era effort to ensure equitable sharing of electricity.

 

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Kazakh Bank Risk Waning, Economy Troughed, UBS Says

Kazakhstan bank asset quality is improving as the economic outlook picks up and non-performing loans level off, UBS AG said. Shares in the country's two largest banks climbed, helping the benchmark stock index become the world's biggest gainer today.

 

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U.S. firms want to invest in Turkmen gas fields

The United States urged Turkmenistan on Tuesday to allow its companies to invest in onshore Turkmen gas deposits including South Iolotan, a giant field seen as a key future source of Caspian energy.

 

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

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Kazakh official: Not the time to resolve differences through war

Kazakh official: Not the time to resolve differences through war

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Oil majors sued by Kazakh government over billions in revenue

Oil majors sued by Kazakh government over billions in revenue

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