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Photo a courtesy of Tengrinews.kz
Samruk-Kazyna to sell KazKom stake for $433million

The National Welfare Fund Samruk-Kazyna plans to raise $433 million by selling its stake in Kazkommertsbank.

Samruk-Kazyna to sell KazKom stake for $433million
The Chairman of Board of Samruk-Kazyna Sovereign Wealth Fund Umirzak Shukeyev. ©pm.kz
80 Samruk-Kazyna companies may be privatized in 2014

Around 80 companies that are part of Kazakhstan's Samruk-Kazyna Sovereign Wealth Fund might be privatized in 2014.

80 Samruk-Kazyna companies may be privatized in 2014
New CEO of the BTA Bank Marat Auezov. Photo© Yaroslav Radlovsky
New CEO for BTA Bank appointed

Magzhan Auezov, a Kazkommertsbank Member of the Board, has been appointed the new CEO of BTA Bank.

New CEO for BTA Bank appointed
Kenes Rakishev. Photo courtesy of sportinfo.kz
Kenes Rakishev, new chairman of BTA Bank Board of Directors

Kazakhstan businessman Kenes Rakishev has become the new chairman of Kazakhstan-based BTA Bank's Board of Directors.

Kenes Rakishev, new chairman of BTA Bank Board of Directors
Uzakbai Karabalin. ©primeminister.kz
Kazakhstan to announce bidding contests for geological exploration at 8-9 oil blocks this year

Last year after a moratorium on geological exploration was lifted Kazakhstan held bidding contests for geological exploration at 3 oil blocks.

Kazakhstan to announce bidding contests for geological exploration at 8-9 oil blocks this year
Photo © Marat Abilov
New Samruk Kazyna Directors Board approved

The Kazakhstan government has approved the new Board of Directors of the National Welfare Fund Samruk-Kazyna.

New Samruk Kazyna Directors Board approved
Stilframe from Cars 2
More Hollywood characters to speak Kazakh

Six movies has been dubbed into Kazakh language so far.

More Hollywood characters to speak Kazakh
$800 million to be invested into second-tier banks by Baiterek Holding

Baiterek Holding running the State Program of Accelerated Innovative and Industrial Development will channel $800mln into Kazakhstan banks.

$800 million to be invested into second-tier banks by Baiterek Holding
Photo courtesy of munaigaz.kz
KazMunaiGas to complete feasibility study to construct 4th oil refinery

Given the overhaul of the current 3 oil refineries, a new oil refinery may be needed only after 2025: Samruk-Kazyna Sovereign Wealth Fund Managing Director.

KazMunaiGas to complete feasibility study to construct 4th oil refinery
©Yaroslav Radlovsky
KazKom bank and billionaire Kenes Rakishev eyeing BTA Bank

Kazakhstan-based Kazkommertsbank and businessman Kenes Rakishev might purchase BTA Bank.

KazKom bank and billionaire Kenes Rakishev eyeing BTA Bank
Photo a courtesy of Vesti.kz
Temirbank appoints new CEO

The board of directors of Temirbank decided to terminate the CEO Murat Baisynov early.

Temirbank appoints new CEO
Bulat Utemuratov. Photo a courtesy of kursiv.kz
Billionaire Utemuratov buys two Kazakhstan banks

Kazakh billionaire Bulat Utemuratov has finalized the deal to purchase Alliance Bank and Temirbank from Samruk-Kazyna Sovereign Wealth Fund.

Billionaire Utemuratov buys two Kazakhstan banks
Yelena Bakhmutova. Photo © Yaroslav Radlovsky
Temirbank and Alliance Bank sales: decision to be reached this year

The decision on sale of Temirbank and Alliance Bank will be finalized by the end of the year.

Temirbank and Alliance Bank sales: decision to be reached this year
Halyk Bank renounces buying government’s stake in BTA

Samruk-Kazyna made Halyk Bank an offer to purchase its stake in BTA March 27, 2013.

Halyk Bank renounces buying government’s stake in BTA
Samruk-Kazyna plans to lay-off thousands of administrative personnel

Samruk-Kazyna keeps on its effort to optimize the structure of its administrative pool of employees.

Samruk-Kazyna plans to lay-off thousands of administrative personnel
Balkhash Thermal Power Plant. Photo courtesy of munaigaz.kz
New Kazakh-Korean Balkhash TPP to burn Ekibastuz coal

Kazakhstan is getting year another coal fueled power plant, a South Korean-owned one this time.

New Kazakh-Korean Balkhash TPP to burn Ekibastuz coal
Photo courtesy of munaigaz.kz
Kazakhstan negotiating gas supplies with Russia

Kazakhstan is negotiating gas supplies to Astana with Russia.

Kazakhstan negotiating gas supplies with Russia
Construction of the new pipeline. ©RIA Novosti.
Samruk-Kazyna halves capacity of Kartaly-Astana gas pipeline

The number of users along the pipeline and regional networks are not large enough to consume this gas. That's why we had to slash the project from 6 to 3 billion cubic meters of gas: Bishimbayev.

Samruk-Kazyna halves capacity of Kartaly-Astana gas pipeline
Yelena Bakhmutova. Photo by Yaroslav Radlovskiy©
Yelena Bakhmutova elected chairman of KazPochta

Deputy chairman of Samruk-Kazyna National Welfare Fund Yelena Bakhmutova was elected chairman of the board of KazPochta.

Yelena Bakhmutova elected chairman of KazPochta
Photo courtesy of flickr.com
Samruk-Kazyna mulls cooperating with British companies

Samruk-Kazyna National Welfare Fund’s group of companies has signed memorandums of cooperation with British businessmen.

Samruk-Kazyna mulls cooperating with British companies