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Halyk Bank of Kazakhstan. ©Yaroslav Radlovskiy
Halyk Bank may give up on BTA deal

The deal to purchase BTA by Halyk Bank may take longer than planned; one shouldn’t rule out the possibility of Halyk Bank giving up on the idea of purchasing BTA in case Kazakhstan Government doesn’t offer concessions in terms of price.

Halyk Bank may give up on BTA deal
Kuandyk Bishimbayev. ©sk.kz
New Baiterek holding to attract investments to State Industrialization Program

National Management Holding Baiterek will be established in Kazakhstan.

New Baiterek holding to attract investments to State Industrialization Program
Deputy chairman of Samruk-Kazyna Kuandyk Bishimbayev. Photo by Danial Okassov©
Kuandyk Bishimbayev comments on People's IPO folding rumors

Deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev commented on the People’s IPO folding rumors.

Kuandyk Bishimbayev comments on People's IPO folding rumors
Photo by Danial Okassov©
People's IPO in Kazakhstan might fold

Implementation of the People’s IPO in Kazakhstan will be suspended until the end of the year and will possibly even fold altogether.

People's IPO in Kazakhstan might fold
Chairman of Samruk-Kazyna Umirzak Shukeyev. ©pm.kz
Samruk-Kazyna to replace 30% of its managing directors

Samruk-Kazyna National Welfare Fund may replace one third of its managing directors.

Samruk-Kazyna to replace 30% of its managing directors
Photo courtesy of KEGOC.kz
KEGOC ready for People's IPO

KEGOC has completed the preparatory work and internal procedures for the IPO.

KEGOC ready for People's IPO
Issam Hourani and Mahmoud Abbas. Photo courtesy of challahhuakbar.blogspot.com
U.S. dismisses Rakhat Aliyev family members' claim against Samruk-Kazyna board member

The U.S. court has dismissed a claim of Rakhat Aliyev’s relatives -- brothers Devincci and Issam Hourani -- against Samruk-Kazyna board member Alexander Mirtchev and his company Krull Corporation.

U.S. dismisses Rakhat Aliyev family members' claim against Samruk-Kazyna board member
Chairman of Temirbank Murat Baissynov. Photo courtesy of Temirbank©
Temirbank ready to merge with Alliance Bank

Temirbank is ready to merge with Alliance Bank and is waiting for the shareholders’ decision.

Temirbank ready to merge with Alliance Bank
Samruk-Kazyna logo
Samruk-Kazyna to implement 83 projects worth over $51 billion

The fund is additionally considering implementation of another 83 investment projects worth $51.7 billion: press-service.

Samruk-Kazyna to implement 83 projects worth over $51 billion
Bulat Utemuratov
Billionaire Bulat Utemuratov mulls buying Temir and Alliance Banks: media

The cost of Alliance Bank and Temirbank may range from $500 million to $1 billion.

Billionaire Bulat Utemuratov mulls buying Temir and Alliance Banks: media
Chairman of CITIC Group Chang Zhenming. Photo by Dmitriy Khegai©
China to help Kazakhstan produce FMCG

Samruk-Kazyna National Welfare Fund and Chinese corporation CITIC Group is expanding their investment activities in Kazakhstan's non-energy sector.

China to help Kazakhstan produce FMCG
Photo courtesy of samruk-kazyna.kz
Kazakhstan's Samruk-Kazyna cutting expenses

The group is expected to save around 70 billion tenge ($467 million) in three years: Samruk-Kazyna press-service.

Kazakhstan's Samruk-Kazyna cutting expenses
Anvar Saidenov. Photo by Yaroslav Radlovskiy©
Anvar Saidenov resigns from BTA Bank's board

BTA Bank announced planned changed in the board in relation to completion of the restructuring procedure.

Anvar Saidenov resigns from BTA Bank's board
Construction of gas pipeline. ©RIA Novosti
Funding found for gas pipeline via Astana

Chairman of Samruk-Kazyna National Welfare Fund expects construction of Tobol-Kokshetau-Astana gas pipeline to start in Q1 2013.

Funding found for gas pipeline via Astana
©REUTERS
National Fund's money reinvested in economy: Samruk-Kazyna

The funds allocated from the National Fund for anti-crisis measures are being returned and reinvested in Kazakhstan economy.

National Fund's money reinvested in economy: Samruk-Kazyna
Photo courtesy of flickr.com
Samruk-Kazyna to spend $101 billion on investment projects

The fund will be taking part in implementation of the industrial program in 2013 in Kazakhstan: chairman.

Samruk-Kazyna to spend $101 billion on investment projects
It’s feasible for Samruk-Kazyna to exit three bailed out banks in 2013

February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the banks within a year’s time.

It’s feasible for Samruk-Kazyna to exit three bailed out banks in 2013
Kazakhstan President Nursultan Nazarbayev. Photo by Danial Okassov©
Samruk-Kazyna to exit BTA Bank, Alliance Bank and Temirbank: Nazarbayev

President stressed that several measures had been taken in the banking system to decrease the external debt and the process had to be continued.

Samruk-Kazyna to exit BTA Bank, Alliance Bank and Temirbank: Nazarbayev
Ms.Elena Bakhmutova. © Yaroslav Radlovsky
Samruk Kazyna Sovereign Wealth Fund Board Chairwoman comments on Russia’s Sberbank President German Gref’s concerns

Mr. Gref earlier expressed concerns that Kazakhstan is taking steps to restrict operations of foreign banks in Kazakhstan, including those of Sberbank.

Samruk Kazyna Sovereign Wealth Fund Board Chairwoman comments on Russia’s Sberbank President German Gref’s concerns
Kazakhstan will use German technologies to build wind power plants

Samruk Green Energy and KazAgroFinance have signed an agreement on joint sales of small wind generators.

Kazakhstan will use German technologies to build wind power plants