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Top Kazakh mobile firm KCell 2014 profit falls as competition toughens

30 Jan 2015

Top Kazakh mobile firm KCell 2014 profit falls as competition toughensKCell , Kazakhstan’s largest mobile phone operator, said on Thursday its net income decreased last year as it faced intensifying market competition in Central Asia’s largest economy.

Topics: Analytics | Your Comments »

Fitch downgrades long-term default ratings of Subsidiary Bank Sberbank of Russia to “BB+”; outlook “Negative”

30 Jan 2015

Fitch downgrades long-term default ratings of Subsidiary Bank Sberbank of Russia to "BB+"; outlook "Negative"Fitch Ratings has downgraded Kazakhstan-based Subsidiary Bank Sberbank of Russia JSC’s (SBK) Long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘BB+’ from ‘BBB-’. The Outlook is Negative. A full list of rating actions is provided at the end of this commentary.

Topics: Analytics | Your Comments »

Bulat Ayukhanov’s dance company presents Triumph of Russian Ballet on February 5

30 Jan 2015

Bulat Ayukhanov's dance company presents Triumph of Russian Ballet on February 5Bulat Ayukhanov’s State Academic Dance Theatre is presenting the Greatness and Triumph of the Russian Ballet concert on February 5, Tengrinews reports.

Topics: Culture | Your Comments »

Kazakhstan 2nd in medal tally at 2015 Winter Universiade

30 Jan 2015

Kazakhstan 2nd in medal tally at 2015 Winter UniversiadeKazakhstan is ranked second in the overall standings at the 2015 Winter Universiade held in Spain and Slovakia after Day 4, Kazinform has learnt from Vesti.kz.

Topics: Sport | Your Comments »

Kazakhstan strains reserves to smooth way for gradual devaluation

29 Jan 2015

Kazakhstan strains reserves to smooth way for gradual devaluationKazakhstan is spending billions of dollars of its reserves to keep devaluation of its currency gradual and reduce inflationary risks of the sort thrown up in Russia by the rouble’s slide, analysts and former central bank officials say.

Topics: Opinions | Comments Off

Saipem frontrunner for Kashagan pipeline contract – sources

29 Jan 2015

Saipem frontrunner for Kashagan pipeline contract - sourcesEmbattled Italian oil services group Saipem is in pole position to win a contract worth up to $2 billion to replace pipes at the Kashagan oilfield in Kazakhstan, two sources with knowledge of the matter said on Tuesday.

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Kazakhstan gets 2 gold and 1 silver at Winter Universiade

29 Jan 2015

Kazakhstan gets 2 gold and 1 silver at Winter UniversiadeThe Universade is taking place both in Spain and Slovakia this year. Spain is hosting alpine skiing, curling, figure skiing, freestyle skiing, hockey, short track and snowboarding. Biathlon, Nordic combination, cross-country skiing and ski jumping are taking place in Slovakia.

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Charges against Rakhat Aliyev: autopsy of a nightmare/II

28 Jan 2015

Charges against Rakhat Aliyev: autopsy of a nightmare/IIApparently, lawyers in Austria on behalf of Kazakhstan’s own version of Professor Moriarty according to some and of Lavrentiy Beria according to others have waived their right to challenge the charges filed on December 29 against their client. By mid-January, after the term to do so had expired, the charges have thereby been publicised. To those who had expected comprehensive charges including a second murder case the scene of which was located in Beirut (which is more in a Bluebeard-like style) and a list of money-laundering operations across various European countries including Austria and beyond, the charges must look disappointing since charges only focus on the twin kidnapping and subsequent twin murder case dating from early 2007 and located in Almaty.

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Romania offers Kazakhstan to consider using terminals of port of Constanta

28 Jan 2015

Romania offers Kazakhstan to consider using terminals of port of ConstantaRomania proposed Kazakhstan to consider the use of terminals in the port of Constanta on the Black Sea, the Kazakh foreign ministry reported referring to the president of Chamber of Commerce and Industry of Romania Mihai Daraban.

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New appointments made at Kazakh finance ministry

28 Jan 2015

New appointments made at Kazakh finance ministryAnuar Jumadildayev was appointed chairman of the Financial Control Committee of the Finance Ministry of Kazakhstan in accordance with the Kazakh Finance Minister’s order, the ministry said Jan. 27.

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National anthem sounded at the opening of NCE Congress

28 Jan 2015

National anthem sounded at the opening of NCE CongressThis unusual beginning encouraged the participants and delegates of the event.

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