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Economy

Samruk Kazyna People's IPO news listing Kazakhstan Kazakh LUKOIL KazMunaiGas
Cost of People's IPO shares to be announced in August Cost of People's IPO shares to be announced in August Our experts are currently working on defining the cost of the shares. It will be known by August after it is approved by the board and the government: expert.
18 May 2012
Kazakhstan sold LUKOIL geological materials worth $3 million Kazakhstan sold LUKOIL geological materials worth $3 million The company had bought geological materials that are now available to all our colleagues: LUKOIL President.
18 May 2012
Financial police to investigate into bribe allegations over Kashagan Financial police to investigate into bribe allegations over Kashagan Early May Сorriere della Sera, an Italian newspaper, ran a material that Milan Prosecutor Office reportedly suspects Eni of bribing at the time of signing the deal on development of the Kashagan oilfield.
17 May 2012
Bishkek gamblers spend $200 thousand a day at Kapshagai Bishkek gamblers spend $200 thousand a day at Kapshagai Full ban on casinos does not solve the problems of gambling addiction, but only causes additional money losses: Toichubekov.
16 May 2012
Kyrgyzstan will pay gas debts to Kazakhstan by end of spring Kyrgyzstan will pay gas debts to Kazakhstan by end of spring Kyrgyzstan is promising to pay $2 million of gas debts to Kazakhstan in hopes for a new fuel supplies contract.
16 May 2012
Over 160 thousand Kazakhstan citizens to take part in People's IPO Over 160 thousand Kazakhstan citizens to take part in People's IPO IPO is aimed at providing Kazakhstan citizens with opportunities to buy shares, make money and participate in development of the companies.
16 May 2012
Timur Kulibayev to get $616 thousand from Gazprom Timur Kulibayev to get $616 thousand from Gazprom Gazprom is going to pay a remuneration in the amount of 18.7 million rubles ($616 thousand) to its board member Timur Kulibayev.
16 May 2012
Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.
16 May 2012
Samruk to consider exiting BTA following the 2nd debt restructuring Samruk to consider exiting BTA following the 2nd debt restructuring The mid-term strategy is for the Fund to exit the [earlier bailed out] banks.
16 May 2012
TENGRI LIFE
TENGRI TRAVEL
Grain exports may hit record high 13 million tons Grain exports may hit record high 13 million tons Currently we are exporting 1 300 000 tons a month, including grain equivalent of flour: Agriculture Minister.
15 May 2012
Fitch Ratings expects Kazakhstan’s economy growth at 5% or over in 2012 Fitch Ratings expects Kazakhstan’s economy growth at 5% or over in 2012 Fitch Ratings expects the National Oil Fund assets to reach $65 billion by 2013 from $45 billion as of the end of 2011.
15 May 2012
Kazakhstan failed to land among world’s top meat-eaters Kazakhstan failed to land among world’s top meat-eaters Luxembourg citizens are the biggest meat-eaters in the world.
15 May 2012
Production at Kashagan to start at 75 000 barrels a day Production at Kashagan to start at 75 000 barrels a day Plans are there to bring the production figure up to 350 000 barrels a day or even up to 450 000 barrels a day at the first stage of the oilfield development.
15 May 2012
Kazakhstan faces a 30-fold gap between rich and poor Kazakhstan faces a 30-fold gap between rich and poor Kazakhstan is scoгrged by an almost 30-fold difference between incomes of the richest and the poorest classes.
14 May 2012
Only 19 percent of Samruk-Kazyna employees improved qualification Only 19 percent of Samruk-Kazyna employees improved qualification Only 19 percent of the production personnel of Samruk-Kazyna companies have undergone trainings to improve their qualifications.
14 May 2012
Finance Minister suggests a ban for national companies to borrow from external sources Finance Minister suggests a ban for national companies to borrow from external sources The Minister reminded that the ceiling for sovereign debt set within the Common Economic Space of Kazakhstan, Russia and Belarus stands at 60% of the GDP.
14 May 2012
National Oil Fund’s investment income standing at $5.3 billion since 2001 National Oil Fund’s investment income standing at $5.3 billion since 2001 According to the National Bank, the National Oil Fund’s assets as of the end of April 2012 reached $51 billion.
12 May 2012
Corruption claims will have no effect on Kashagan project: Kazakhstan Oil and Gas Ministry Corruption claims will have no effect on Kashagan project: Kazakhstan Oil and Gas Ministry Kazakhstan Oil and Gas Ministry considers foreign media's accusing of Eni company of bribery during signing of contracts on Kashagan oil and gas field an internal battle between participants of the project.
12 May 2012
Kazakhmys Chairman of the Board to transfer his powers to an independent director Kazakhmys Chairman of the Board to transfer his powers to an independent director Mr. Kim has been heading the Board since the Company floated its shares in London back in 2005.
12 May 2012
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