Economy

Power Struggle Threatens Central Asian Electricity Grid

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

 

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.

 

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.

 

Kazakh banking sector reaches bottom; BTA and Alliance restructuring to impact further growth

Kazakhstan's banking sector reached the bottom this fall and is now on its way to recovery, according to a research report authored by Russian investment bank VTB Capital.

 

Kazakh tenge ready to appreciate - Marchenko

The fundamentals for the Kazakh tenge to appreciate are in place, central bank chairman Grigoriy Marchenko said on Wednesday, citing rising oil prices and improving current account.

 

Russia torpedoes Kazakhstan's uranium sector, Kazatomprom ex-head

The arrested Kazatomprom ex president Mukhtar Djakishev, who led the national uranium company, Kazatomprom, for nearly a decade and practically turned it into one of the world leading producers, believes that Russia is obstructing the development of the Kazakh nuclear sector.

 

Kazakhstan may require foreign companies to use domestic banks

marchenkoKazakhstan may introduce requirements for foreign companies to use domestic banks for banking services and local insurers for insurance services, central bank chairman Grigoriy Marchenko said on Wednesday.

 

Kazakhstan Plans to Sell First Foreign Bond in Decade

Kazakhstan plans to offer its first foreign-currency bonds in a decade next year, joining Russia in seeking to lure back investors as rising energy prices spur the former Soviet region's economic recovery.

 

Kazakhstan may restrict foreign ownership in the banking sector

Kazakhstan may limit foreign ownership of banks and other financial companies to reduce the risk of a credit crunch, central bank chairman Grigoriy Marchenko said on Tuesday.

Finmeccanica, Kazakhstan sign MoU

berlus_nanItalian aerospace and defense company Finmeccanica has signed a memorandum of understanding with a Kazakhstan sovereign wealth fund for a raft of cooperation deals.

 

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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