Dmitry's Feed
Jan 23, 2014

Kazakhstan’s Alliance Bank maps out debt restructuring plan

ALMATY, Jan 23 (Reuters) – Kazakhstan’s Alliance Bank has
set out terms for a second debt restructuring in the wake of the
global financial crisis, saying it aimed to complete
negotiations with investors by June.

The central Asian nation’s ninth-largest lender by assets,
in which sovereign wealth fund Samruk-Kazyna owns 67 percent,
said its latest proposals applied to debts worth around 127.3
billion tenge ($818 million).

Dec 23, 2013

47 rifle inventor Mikhail Kalashnikov dies at 94

MOSCOW (Reuters) – Mikhail Kalashnikov, the Russian designer of the AK-47 assault rifle which has killed more people than any other firearm in the world, died on Monday aged 94, officials said.

Kalashnikov, who was in his 20s when he created the AK-47, died in his home city of Izhevsk near the Ural Mountains, where his gun is still made, a spokesman for the Udmurtia province’s president said on state television.

Dec 13, 2013

No threat to tight grip in Turkmenistan from multi-party vote

ALMATY (Reuters) – Turkmenistan’s President Kurbanguly Berdymukhamedov says Sunday’s parliamentary election is a democratic milestone for his gas-rich nation, but critics say it merely slaps a veneer on what they call a repressive autocracy.

The 56-year-old leader wields virtually unlimited power and is officially nicknamed Arkadag, or The Patron, in his mainly Muslim Central Asian state of 5.5 million which holds the world’s fourth largest reserves of natural gas.

Nov 14, 2013

Insight: The sour gas eating Kashagan oil profits

MILAN/ALMATY (Reuters) – A pipeline inspection robot is set to join efforts to discover why the biggest new oilfield in decades is crippled and whether materials, construction methods, a design fault or all three are at the root of the problem.

Its arrival at the Kashagan project on the Caspian Sea this week comes after the field’s trouble-strewn 13-year, journey towards commercial production took another twist in September as it delivered its first oil but began leaking toxic gas from a processing pipeline.

Nov 14, 2013

The sour gas eating Kashagan oil profits

MILAN/ALMATY, Nov 14 (Reuters) – A pipeline inspection robot
is set to join efforts to discover why the biggest new oilfield
in decades is crippled and whether materials, construction
methods, a design fault or all three are at the root of the
problem.

Its arrival at the Kashagan project on the Caspian Sea this
week comes after the field’s trouble-strewn 13-year, journey
towards commercial production took another twist in September as
it delivered its first oil but began leaking toxic gas from a
processing pipeline.

Nov 7, 2013

Tajik leader wins new term, faces challenge to ensure stability

DUSHANBE (Reuters) – Tajikistan’s President Imomali Rakhmon has won a new seven-year term after his only serious rival was barred from running, but he faces a hard task ensuring stability in a volatile country that borders Afghanistan.

The Moscow-backed strongman leader, who has run the poorest former Soviet republic since 1992, keeps Tajikistan’s small and disparate opposition in check and civil society is weak. But he must contend with rising social tensions in a Muslim nation where nearly half the 8 million population live in poverty.

Nov 6, 2013

Tajik leader extending long rule in volatile region

DUSHANBE (Reuters) – Tajik President Imomali Rakhmon looked set to win a new seven-year term on Wednesday, demonstrating his grip on a Muslim Central Asian state beset by poverty and facing security threats from neighboring Afghanistan.

The former head of a Soviet state farm, who has been in power since 1992, is running in presidential elections against five little-known, mainly loyal candidates who pose no threat. The only genuine opposition candidate was unable to run.

Nov 5, 2013

Tajik leader Rakhmon set to extend long rule

DUSHANBE (Reuters) – Tajikistan’s President Imomali Rakhmon is set to win a new seven-year term on Wednesday in a country facing security threats from neighboring Afghanistan and located on a major heroin trafficking route from Kabul to Russia and Europe.

The former head of a state farm, who has been in power since 1992, is running against five little-known, mainly loyal candidates who pose no threat. The only genuine opposition candidate was unable to run.

Oct 18, 2013

Kyrgyz crowd attacks Australian gold miner’s office

ALMATY (Reuters) – A crowd of about 200 people on Friday attacked the local office of Z-Explorer, an Australian company developing a gold field in southern Kyrgyzstan, in what appeared to be another violent conflict over the privatization of the country’s resources.

A subsidiary of Australian-listed Manas Resources, Z-Explorer discovered the Shambesai deposit in 2010 and this year received a license to develop the field, which holds estimated gold reserves of 8.8 tons.

Oct 17, 2013

Kazakh mobile firm KCell says profit falls on dividend payment

ALMATY, Oct 17 (Reuters) – Kazakhstan’s largest mobile phone
operator, KCell , said its net profit for
January-September fell 2 percent from the same period a year
earlier to 45.13 billion tenge ($294 million).

The decrease in the company’s net profit was due to a
special dividend payment, KCell Chief Executive Officer Ali Agan
told Reuters in a telephone interview.