Economy

Kazakh groups to shift away from London

Companies from Kazakhstan plan to move part of their fundraising away from London, according to the country's central bank governor, because UK investors failed to stand by the central Asian state during the financial crisis.

 

NIOC world's 2nd largest oil company: report

Kazakhstan's Kazmunaigas and Uzbekistan's Uzbekneftegas appear in the Top 50 for the first time.

Uzbek power grid withdrawal set to cause shortages

Central Asia braces for shortages as Uzbekistan plans to pull out of electricity grid

 

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.

 

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

 

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.

 

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.

 

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.

 

 

BTA Bank Seeks Early Loan Payments

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

 

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.

 

Kazakhstan: Nervous authorities keep election observers at arm’s length

Kazakhstan: Nervous authorities keep election observers at arm’s length

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Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

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Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

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