Dmitry's Feed
Dec 26, 2012

Kazakh rescuers find flight recorder after military plane crash

ALMATY (Reuters) – Rescue teams have recovered a flight recorder from a plane which crashed in Kazakhstan on Tuesday, killing all 27 people on board in the country’s worst military air disaster since independence.

The twin-engine Antonov An-72 transport jet disappeared from radar screens at about 1900 local time (1300 GMT) as it was circling in a raging blizzard, trying to land at the city of Shymkent, the capital of the South Kazakhstan Region.

Dec 12, 2012

Kcell shares trade higher after float raises $525 million

ALMATY (Reuters) – Kcell (KCELq.L: Quote, Profile, Research, Stock Buzz) shares traded above their issue price on their market debut after Kazakhstan’s largest mobile phone operator raised $525 million for Nordic parent TeliaSonera (TLSN.ST: Quote, Profile, Research, Stock Buzz).

The flotation of a 25 percent stake in Kcell in London and Kazakhstan was priced at the bottom end of its offered range at$10.50 per global depositary receipt (GDR) and 1,578.68 tenge per ordinary share, the company said on Wednesday.

Dec 12, 2012

Kcell shares open firm after sale raises $525 million

ALMATY, Dec 12 (Reuters) – New shares in Kcell
opened trading slightly higher in London as Kazakhstan’s largest
mobile phone operator raised $525 million in a share sale for
its Nordic parent TeliaSonera.

The flotation of a 25 percent stake in Kcell in London and
Kazakhstan was priced at the bottom end of its offered range
at$10.50 per global depositary receipt (GDR) and 1,578.68 tenge
per ordinary share, the company said in a statement posted on
the Kazakhstan Stock Exchange website.

Nov 21, 2012

Kazakhstan in move to ban opposition parties and media

ALMATY, Nov 21 (Reuters) – The Central Asian state of
Kazakhstan has moved to ban two opposition movements critical of
President Nursultan Nazarbayev and to close dozens of opposition
media outlets for “propagating extremism”.

In a step the opposition denounced as an attack on dissent
in the oil-exporting former Soviet republic, prosecutors linked
their request to last month’s jailing of Vladimir Kozlov, leader
of the unregistered Alga! or “Forward!” party.

Nov 21, 2012

Kazakhstan in legal move to ban opposition parties and media

ALMATY (Reuters) – The Central Asian state of Kazakhstan has moved to ban two opposition movements critical of President Nursultan Nazarbayev and to close dozens of opposition media outlets for “propagating extremism”.

In a step the opposition denounced as an attack on dissent in the oil-exporting former Soviet republic, prosecutors linked their request to last month’s jailing of Vladimir Kozlov, leader of the unregistered Alga! or “Forward!” party.

Nov 15, 2012

Kazakhstan banks’ loan growth could reach 15 pct in 2013 -cbank

ALMATY, Nov 15 (Reuters) – Kazakhstan’s banks could expand
lending by up to 15 percent next year as the economy grows but
it will take a year before a distressed asset fund weeds out bad
loans and restores the sector to health, the central bank says.

The central bank set up the fund this year to handle bad
loans run up by banks in the wake of the global financial crisis
that laid bare banks’ exposure to bloated real estate markets
and foreign borrowing.

Oct 13, 2012

U.S. asks Britain to extradite Kyrgyz ex-leader’s son

ALMATY (Reuters) – The United States said on Saturday it had asked Britain to extradite the arrested son of Kyrgyzstan’s fugitive ex-president on fraud charges.

The Kyrgyz president’s office said Maxim Bakiyev, son of the country’s former president Kurmanbek Bakiyev, had been arrested in London on Friday at the request of Kyrgyzstan and the United States.

Oct 8, 2012

Kazakh opposition leader jailed after oil town unrest

AKTAU, Kazakhstan, Oct 8 (Reuters) – An outspoken critic of
Kazakhstan’s veteran president was jailed for seven-and-a-half
years on Monday for colluding with a fugitive billionaire in a
failed attempt to rally oil workers to bring down the
government.

Vladimir Kozlov, leader of the unofficial Alga! party, was
found guilty of orchestrating dissent among striking oilmen in
the prelude to riots last December that left 15 people dead and
dented Kazakhstan’s reputation for stability.

Aug 2, 2012

Kazakh key rate hits historic low as inflation dips

ALMATY, Aug 2 (Reuters) – Kazakhstan’s central bank said on
Thursday it would cut its key refinancing rate to a new historic
low next week, its fourth cut in less than half a year, in
response to falling inflation in the oil-fuelled economy.

The bank said in a statement it would cut the rate to 5.5
percent from 6.0 percent, effective from Aug. 6. The bank last
lowered the rate, also by 50 basis points, on June 4.

Aug 2, 2012

Uzbekistan bans foreign military bases on its land

ALMATY (Reuters) – Uzbekistan is moving to ban foreign military bases on its territory, local media reported on Thursday, ending speculation it could allow the United States to reopen a base for operations in neighboring Afghanistan.

However, some analysts said the ban might not prevent military cooperation with the United States, which could still use Uzbek facilities for special-forces operations to fight the Afghan Taliban or other regional threats.