As the rating agency Fitch pointed out devaluation of credits in three Kazakhstani banks, including the country’s leading private bank KazKom, and smaller ones, the Alliance and Caspian banks, the reaction of Kazakh bankers was immediate. They said that the Fitch’s methodology of evaluation of the assets quality is conservative.
The rating agency’s report, actually, […]
Below is a translated post by Adam from the Russian language blog.
Numbers of children of high-ranking officials among Kazakh bankers have grown. Now Nurali Rakhatovich Aliev (Nurbank, son of presidential daughter Dariga and now-outcast former deputy foreign minister Rakhat Aliev), Alidar and Anuar Bulatovichs Utemuratovs (ATF-Bank, sons of the chief of presidential apparatus) are […]
Kazakhstan will impose a crude export duty of $109.91 per tonne from May. Although officials have reassured Western companies that the duty is unlikely to affect their existing contracts, but new investors will be liable, it would logically make sense to impose new tax on all exporters.
“The crude export duty is aimed not only […]
Translated post by Lena B-va from the Russian language blog.
Each Kazakhsnani citizen will soon have chance to test his or her strength in transactions with securities. A new game simulating real stock exchange will go online in May-June this year. Every registered user will receive 50,000 virtual dollars on a personal account, which […]
In fact, not many people in Kazakhstan ever had any idea of the fact that it had eyed pulling in at Kazakhstan. But that’s what we learn from KZBlog, who cites an article in the Sydney Daily Herald, about Allco, an Australian bank that had planned to invest in Kazakhstan.
According to the article, in 2007, Allco planned […]
This is a translation of Zhanna’s post from the Russian-language blog.
Nearly a month ago neweurasia reported on the incident that had taken place in Almaty in late January – then a group of 30 masked men attacked 40 Turkish employees of the construction firm BN Pegasus. According to the Turkish media, the attackers were […]
This is a translated post by Adam Kesher from the Russian-language blog.
So, it’s official — the largest private bank of South Korea Kookmin buys 30% in the Kazakhstan’s Bank CenterCredit (BCC). The first report on the possible deal arrived in late January this year, when Korean sources were already speaking about the acquisition of 50,1%. […]
As it is known, Mittal Investment Sarl, the holding company of Mittal family, had in April 2007 acquired Russian oil firm Lukoil’s 50 per cent stake in Caspian Investments Resources for $980 million. The acquisition was originally to be done by ONGC Mittal Energy Ltd (OMEL, equal joint venture with state-run ONGC Videsh), the […]
Eurasian Natural Resources Corporation (ENRC), primarily owned by the so-called trio of Alexander Mashkevich, Patkh Chodiev and Alidjan Ibragimov — Forbes-listed oligarchs who made their fortune in Kazakhstan after the shady privatization epopee in mid-1990s – is set to make a dramatic entry into the top third of the FTSE 100 as its shares have risen more than […]
Finally, it happened - after series of tragedies, when dozens of miners were killed in blasts on the coal mines of Arcelor Mittal’s Kazakh subsidiary in Temirtau - the government took a firm stance. For years they were putting a blind eye on the violations of labor norms and safety at the enterprise. Yesterday, […]
