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In Depth - Economy/Finances

Kazakhstan Turns to Sukuk After Eurobond Offering Dropped: Islamic Finance

30.07.2010

Kazakhstan, the former Soviet republic that last sold international debt in 2000, is planning a debut Islamic bond sale to broaden its investor base after canceling a Eurobond offering last week. 2397 

The era of global oil giants is over

28.07.2010

Three months on, the consequences of the Deepwater Horizon disaster are becoming clearer. BP has a new leader – a quiet American who, as head of TNK-BP, a joint venture in Russia, has already held one of the world’s toughest jobs. 3116 

Kazakhstan’s Zhambyl Oblast faces stagnant economy

28.07.2010

Kazakhstan is known as an island of hydrocarbon-fueled wealth in Central Asia, but not all of its oblasts are sharing in the riches. 2968 

Stan together

26.07.2010

The former Soviet republics of Central Asia are growing in importance as suppliers of electricity, grain and construction materials to Afghanistan. It is hoped that new roads and railways criss-crossing Afghanistan will provide a shorter route to South Asia and the Gulf for these exports, but the security problem is keeping a lid on such optimism. 2773 

Putin Luring Ukraine in First Ruble Debt as Dollar Sale Pulled

26.07.2010

Ukraine may sell ruble debt for the first time as Russian Prime Minister Vladimir Putin’s government builds ties with former Soviet states and promotes its currency as a regional alternative to the dollar. 2588 

All that glitters isn't gold in Kazakhstan

26.07.2010

Just a month before the planned creation of a new gold giant on the London Stock Exchange (LSE) in August, the authorities in Kazakhstan have thrown a spanner in the works with the announcement of a fraud probe into the activities of the former management of KazakhGold and the cancellation of a planned share sale. 1729 

Wheat Inventories Are Tied Up in China, India, Rabobank's Chandler Says

23.07.2010

Global wheat stocks may overstate the grain’s availability on world markets because China and India are unlikely to sell from inventories to make up for lower output by leading exporters, according to Rabobank. 1685 

In Asia, a Gulf’s Worth of Oil Awaits Transport

23.07.2010

Even as the petroleum industry continues drilling in the Gulf of Mexico at considerable expense and risk, a single field here in Central Asia stands ready to produce two-thirds as much oil each day as the entire gulf does, with less danger to the environment. 1567 

Andreas Sieren & Frank Sieren: A hungry giant goes shopping

22.07.2010

They can be patient, Beijing’s natural resources strategists who are at the centre of China’s global strategy of expansion. They are used to handling setbacks and political opposition from the West. But if necessary, they can act very quickly. 1965 

Private capital to transform sovereign wealth funds

22.07.2010

A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth, they are tapping the private sector for more capital. 1955 

Oil in Kazakhstan May Be Too Rich for Tax to Deter Chevron: Energy Markets

21.07.2010

Kazakhstan’s oil reserves may be too valuable for an export-tax increase to deter companies from drilling for crude in the former Soviet republic. 2222 

More than money blocks China's rail dreams

15.07.2010

When Chinese officials consider their international economic interests, Afghanistan and Central Asia (sometimes referred to as "Greater Central Asia") naturally come to mind. These countries possess an abundant supply of untapped natural resources, and they offer potential export markets as well as investment opportunities for the People's Republic of China (PRC). 3749 

Investing in Uranium: A Glowing Recommendation

14.07.2010

One of the best investments we can make right now is to buy into supplies of relatively secure, low-cost uranium – the feedstock for nuclear reactors. The simple story is that the uranium supply trails far behind demand. The added wrinkle is that supply cannot easily increase. 3166 

World Bank Group Record Lending to Europe and Central Asia in Fiscal 2010 to Address Global Economic Crisis

12.07.2010

The World Bank Group responded quickly in fiscal year 2010 (FY10) to requests from countries in Europe and Central Asia (ECA) for help in addressing the global economic crisis, providing record lending of $14.8 billion at a time when the crisis hit the Region harder than any other region in the world. 1347 

Asia-Pacific nations agree to promote low-carbon economic growth - UN

12.07.2010

Government officials and policymakers from Asia and the Pacific have concluded a United Nations-organized meeting by adopting a course of action for environmentally sustainable economic growth, ahead of a key ministerial conference to be held in September in Kazakhstan. 1214 

Customs Union Keeps Foreign Cars Expensive

09.07.2010

Higher duties on imported cars that were set to expire next Monday will now be in place until at least 2012 as part of Russia's customs union with Belarus and Kazakhstan, leaving drivers to pay a major premium for foreign autos. 1434 

Kazakhstan's first restructuring fund open for business

09.07.2010

After a first close on $100m in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country. 1231 

Kazakhstan’s initiatives in world economy

08.07.2010

The president of Kazakhstan, Nursultan Nazarbayev, delivering a speech during the opening ceremony of the Third Astana Economic Forum. The III Astana Economic Forum, dedicated to ensuring sustainable economic growth in the post-crisis period, was held in Kazakhstan on July 1-2. 1840 

Russia tries a menage a trois

07.07.2010

With moderate fanfare, yet another multilateral economic cooperation agreement was signed among a limited number of the Soviet successor states this month, in Astana, the capital of Kazakhstan. 1334 

Russia's Mounting Influence In Belarus And Kazakhstan

07.07.2010

The common Customs Code stage of the customs union between Russia, Belarus and Kazakhstan came into effect July 6. 1444 

Day X or Customs Union Chronicles

02.07.2010

New customs duties must have taken effect on Thursday in the countries of the Customs Union, which was originally formed by three countries – Russia, Kazakhstan and Belarus. This organization was initially oriented on the interests of the Russian Federation and its producers, which is clear even to a non-expert. 1501 

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