Kazakhstan Local Currency Credit Rating Cut to Baa2 by Moody’s

Jonathan Schiffer, a Moody’s vice president: “Shortfalls in government revenues connected with worsening growth prospects may come at a time of increasing stresses in the banking system, as non-performing loans grow rapidly. The government’s financing gap may widen considerably because of overly optimistic forecasts for the budget outcome.’’

» Read more

Official rate of refinancing to make 9% per annum – G. Marchenko

Taking into consideration the tendencies on the financial market and reduction of annual rate of inflation, the Board of the National Bank of Kazakhstan decided to establish an official rate of refinancing at 9% per annum. Chairman of the Board of the National Bank Grigory Marchenko has said it at a press conference on the situation on the country’s financial market in Almaty today.

» Read more

Mukhtar Aliev applied to the Embassy of the Republic of Kazakhstan in Vienna with the pleading to help him return to his home country

“According to M. Aliev’s declaration, his son, Rakhat Aliev, has been doing his best to prevent him from returning to his home country since October 2008, by taking away all his documents: the passport, the credit card, the cell phone, the cash money, and the personal possessions. M. Aliev said that on May 4 this year, at 4 AM, he climbed the fence of the mansion where he was staying, without being seen by the security guards, and arrived to the embassy…”

» Read more

Uranium One announces quarterly report

Uranium One Inc. is a Canadian-based uranium producing company with a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited (the Johannesburg stock exchange). The Corporation has a 70% interest in a Joint Venture in Kazakhstan that owns the Akdala Uranium Mine, which is currently in operation and the South Inkai Uranium Project, which commenced pre-commercial production in 2007. The Corporation also has a 30% interest in a Joint Venture in Kazakhstan that is developing the Kharasan Uranium Project.

» Read more
1 1,004 1,005 1,006 1,007