ALMATY/ASTANA, April 5 (Reuters) – Troubled Kazakh bank
BTA’s biggest shareholder, the state investment fund,
said on Thursday it would press ahead with a debt restructuring
plan and dismissed suggestions that the bank should instead be
allowed to fail.
Kazakhstan’s third-largest bank by assets, which is majority
owned by the sovereign wealth fund Samruk-Kazyna, defaulted on a
$2 billion, 2018 Eurobond in January, only 18 months after a
first round of restructuring cut its debt by two thirds.
ALMATY, April 2 (Reuters) – Halyk Bank ,
Kazakhstan’s largest lender by assets, reported on Monday a 9.1
percent rise in net profits last year to 39.5 billion tenge
($267 million) and said it expected a further rise to some 50
billion tenge in 2012.
Halyk said last year’s rise was in part due to a fall by
nearly 20 percent in bad debt charges.
AKTAU, Kazakhstan, March 28 (Reuters) – Timid and tearful,
relatives of those accused of rioting in a windswept Kazakh oil
town had one message from inside the makeshift courtroom: “If
only the West could hear us.”
Most hold little hope for the 37 defendants who went on
trial this week accused of participating in clashes in December
that killed at least 14 people and saw police use live rounds in
the oil town of Zhanaozen.
AKTAU, Kazakhstan (Reuters) – Thirty-seven people accused of rioting in a Kazakh oil town went on trial in an overcrowded, makeshift courtroom on Tuesday where authorities will seek to restore the oil-producing Central Asian state’s reputation for stability after deadly unrest.
The defendants stand accused of participating in clashes in December that killed at least 14 people and saw police use live rounds in the remote oil town of Zhanaozen, violence that posed the most serious challenge to President Nursultan Nazarbayev in his more than two decades of rule.
AKTAU, Kazakhstan, March 27 (Reuters) – Angry relatives of
the accused burst into a Kazakhstan courtroom shortly before 37
people were due to go on trial on Tuesday for their role in
deadly oil town riots that shattered the image of stability in
the oil-producing Central Asian state.
The defendants are accused of participating in December
clashes that killed at least 14 people in the oil town of
Zhanaozen, posing the most serious challenge to veteran
President Nursultan Nazarbayev in more than two decades of rule.
AKTAU, Kazakhstan, March 27 (Reuters) – Thirty-seven people
accused of rioting in a Kazakh oil town will stand trial on
Tuesday in a case seen as an attempt by the former Soviet
republic to restore its shattered image of stability following
At least 14 people were killed during the clashes in
December, the most serious challenge to President Nursultan
Nazarbayev in his more than two decades as leader of the
oil-producing Central Asian state.
ZHANAOZEN, Kazakhstan (Reuters) – A silent mutiny is simmering in the windswept Kazakh oil town of Zhanaozen as the first accused prepare to stand trial for their part in violence that shattered the image of stability in the oil-producing Central Asian state.
Veteran President Nursultan Nazarbayev smiles down from billboards above dusty streets patrolled by police cars, but the few residents of Zhanaozen who dared speak to reporters could ill conceal their anger ahead of the trial of the 37 accused.
ALMATY (Reuters) – A Kazakh newspaper editor critical of strongman President Nursultan Nazarbayev has been pardoned and released from jail, while dozens of other people were awaiting trial after Kazakhstan’s worst violence in decades.
Igor Vinyavsky, editor of the opposition newspaper Vzglyad, was jailed in January. The KNB, successor of the Soviet-era KGB secret police, said at the time Vinyavsky had been charged with calling for the forcible overthrow of constitutional order.
ALMATY, Feb 3 (Reuters) – Kazakhstan boosted uranium
output by about 9 percent to 19,450 tonnes in 2011,
consolidating its position as the world’s largest producer of
the metal with a 35-percent share of global output, state
nuclear firm Kazatomprom said on Friday.
“In 2011, Kazakhstan maintained its position as the global
leader of the uranium mining industry by providing 35 percent of
the world’s uranium output, which according to preliminary data
totalled 55,400 tonnes,” Kazatomprom said in a statement.
ALMATY (Reuters) – A Kazakh court ordered the arrest and detention of three opposition activists Saturday for holding an unauthorised rally, at which protesters condemned the recent election as fraudulent and demanded the release of jailed colleagues.
The three were arrested hours after about 300 people, opposed to long-serving President Nursultan Nazarbayev, gathered in Kazakhstan’s largest city, Almaty, calling for democratic change.