Results for Kazakhstan
- Kazakhstan Weighs $6.5 Billion Spending to Bolster Banks
Kazakhstan is considering a 2.1 trillion-tenge ($6.5 billion) plan this year to restore banks to health, widening its budget deficit and tapping its oil wealth fund to cover the costs, Bloomberg News reported. Finance Minister Bakhyt Sultanov proposed th ...
Daily Headline - global.abi.org - 02/13/2017 - 21:27 - 0 comments
- Kazakhstan’s Central Bank Governor Makes Headway
For a man working to restore investor confidence in Kazakhstan’s central bank, the profit that governor Daniyar Akishev made betting bank money on the correct outcome of Britain’s Brexit referendum will go some way to convincing sceptics that he is a man ...
Daily Headline - global.abi.org - 10/27/2016 - 20:03 - 0 comments
- Kazakh Privatisation Drive Shapes Up As A Hard Sell
Kazakhstan’s president certainly caught the imagination of the City of London. In closed-door meetings last week, Nursultan Nazarbayev and other Kazakh officials said the commodity-rich central Asian nation would unload hundreds of companies, including i ...
Daily Headline - global.abi.org - 11/12/2015 - 21:39 - 0 comments
- Crisis-Hit Kazakhstan Unveils Ambitious Privatisation Plan
Kazakhstan is set to embark upon its most ambitious privatisation plan since independence from the Soviet Union in 1991, offering stakes in its largest state-owned enterprises to international investors in preparation for eventual stock market flotations ...
Daily Headline - global.abi.org - 11/03/2015 - 20:27 - 0 comments
- Kazakhstan Faces Oil Dilemma As Prices Plunge
In Texas or the North Sea, oil companies struggling with falling prices are firing thousands of employees. In Kazakhstan, it is not so simple, the Financial Times reported. The central Asian nation was a poster child of the past decade’s oil boom, bu ...
Daily Headline - global.abi.org - 11/02/2015 - 19:35 - 0 comments
- Kazakhstan's Alliance Bank Says Completes Debt Restructuring
Kazakhstan's Alliance Bank has completed a $1.2 billion debt restructuring and the country's sovereign wealth fund will put 220 billion tenge ($1.2 billion) of special deposits into the bank to support the deal, Alliance's chief executive ...
Daily Headline - global.abi.org - 11/19/2014 - 20:47 - 0 comments
- Kazakhstan's Alliance Bank Says Near Completion Of Debt Restructuring, Merger
Kazakhstan's Alliance Bank, majority owned by the country's sovereign wealth fund, is close to completing a $1.2 billion debt restructuring and a merger with two other banks, its chief executive said on Wednesday. Timur Issatayev, who has been ...
Daily Headline - global.abi.org - 10/15/2014 - 21:19 - 0 comments
- Kazakhstan President Nazarbayev Suggests Introducing Individual Bankruptcy Procedures
Individuals in Kazakhstan unable to pay off their loans will be declared bankrupts, the country’s Pesident Nursultan Nazarbayev said when speaking at the extended sitting of the Government Tengrinews.kz reported today. “Borrowers must pay off their loans ...
Daily Headline - abi_admin - 08/06/2014 - 12:32 - 0 comments
- Kazakh Alliance Bank Debt Restructuring Talks Break Down
Talks with creditors of Kazakhstan's wealth fund-controlled Alliance Bank have broken down without agreement, the bank's chief executive said on Thursday. "Negotiations have broken down, no agreement was reached," Timur Isatayev told ...
Daily Headline - global.abi.org - 05/29/2014 - 22:03 - 0 comments
- Kazakhstan's Alliance Bank Maps Out Debt Restructuring Plan
Kazakhstan's Alliance Bank has set out terms for a second debt restructuring in the wake of the global financial crisis, potentially paving the way for its acquisition by Kazakh billionaire Bolat Utemuratov. Alliance is 67 percent owned by local sov ...
Daily Headline - global.abi.org - 01/23/2014 - 21:04 - 0 comments