|
 |
| In Focus |
Kazakh Leader's Daughter Monitored U.S. Bribe Case The daughter of Kazakhstan's president used well-connected Washington private security consultants to gather information on a U.S. bribery probe involving her father that has stymied the nation's access to $84 million in disputed funds Aliyev Casts Long Shadow Over Kazakh Intellegence Amangeldy Shabdarbayev, Chairman of Kazakhstan’s National Security Committee (KNB), has confirmed continuing concern about the infamous case of Rakhat Aliyev, while trying to give a positive image of the KNB working closely with the Russian Federal Security Service (FSB) to tackle serious security threats Kazakhstan Joining Baku-Tbilisi-Ceyhan Oil Pipeline Project Gas Kazakhstan is close to the completion of the legal registration of documents on joining the Baku-Tbilisi-Ceyhan oil pipeline, Kazakh Minister of Energy and Mineral Resources Sauat Mynbayev said on Wednesday at a meeting of the Kazakh-Azerbaijani intergovernmental commission for economic cooperation KazMunaiGas: Despite Growing Production, Revenue Remains Flat While oil prices keep breaking new records seemingly every day, KazMunaiGas, the Kazakh national oil company, has not registered a significant increase in revenues so far this year
|
|
| In the Headlines |
Medvedev Kicks Off Kazakhstan Courtship With Kazakhstan the choice for Russian President Dmitry Medvedev’s first official state visit, Russian and Kazakhstani officials are talking hard about plans to expand their governments’ partnership. However, the two former Soviet states are understood to remain divided over some divergent interests, notably oil transit, despite Russian claims to the contrary Caspian Basin: No Way to Halt Sturgeon Poaching Momentum is building among Caspian Basin governments for a moratorium on sturgeon fishing, in order to protect the lucrative caviar trade. Informal discussions with fishermen, however, suggest that an official ban would be unlikely to halt the dangerous depletion of sturgeon stocks Uzbek president's visit to Astana highlights serious obstacles in Creating Central Asia Alliance Uzbekistan President, Islom Karimov, does not conceal his suspicions about the true intent of Kazakh leaders as they seek to become leaders of the region Kazakhstan Wants New and Renovated Roads The Kazakh government will seek investors to build or maintain 1,000 kilometers (620 miles) of roads at a projected cost of 541 billion tenge ($4.5 billion) in exchange for operating concessions, the Transportation Ministry said
|
|
|
 |
| In Detail |
Weekly Review of Political Developments in Kazakhstan Traditional May festivities notwithstanding, last week was replete with political developments and staff changes in Kazakhstan. Akims, or governors, of two Kazakh regions were replaced, those implicated in the Rahat-gate scandal were stripped of their personal possessions and state decorations, and the information minister was dismissed Power Putsch After an armed seizure, years of criminal investigations and millions of dollars in suspicious fines, U.S. power company AES Corp. is retreating from Kazakhstan--the latest American victim of cronyism in poor, resource-rich nations Kazakhstan Remains Upbeat Despite Negative Credit Rating Standard & Poor’s credit rating for Kazakhstan has been downgraded from stable to negative, but economic chiefs in Astana remain resolutely upbeat despite rising inflation, stalled construction projects and a shaky global outlook Kazakhstan Seeks Identity on the Big Screen 'I wanted to show that Kazakh history…is much deeper than we'd ever thought.' – Gulnara Sarsenova, cosmetic magnate and movie producer
|
|
| In the Press |
Kazakh, Tajik Presidents Show Oil and Water Do Mix In return for closer ties with Kazakhstan, visiting Tajik President Imomali Rahmon has hinted at support for a Kazakh plan to form a Central Asian Union -- an idea also backed by Kyrgyzstan but soundly rejected by Astana's main regional rival, Uzbekistan, and unlikely to please Russia city south of Siberia Astana Set to Make Energy Export Break with Russia Efforts to construct a trans-Caspian pipeline that would dent Russia’s energy-export dominance in the region continue to make incremental progress Water Woes Stoke Economic Worries After enduring extreme cold this past winter, Central Asia is bracing for what some officials say will be a dry summer. Those predictions, in turn, are stirring fears of prolonged power shortages that seriously impair economic functions Karimov, Bakiyev React Differently to Nazarbayev's Central Asia Union On April 22 Uzbek President Islam Karimov visited Astana to meet with Kazakh President Nursultan Nazarbayev. Both leaders agreed to boost bilateral economic cooperation by creating a common trade area at the borders. Karimov's harsh criticism of Nazarbayev's Central Asia Union (CAU), however, raised eyebrows among many in Kazakh political circles
|
|
|
 |
 |
Power Putsch
After an armed seizure, years of criminal investigations and millions of dollars in suspicious fines, U.S. power company AES Corp. is retreating from Kazakhstan--the latest American victim of cronyism in poor, resource-rich nations. 16 May 2008
|
 |
Weekly Review of Political Developments in Kazakhstan
Traditional May festivities notwithstanding, last week was replete with political developments and staff changes in Kazakhstan. Akims, or governors, of two Kazakh regions were replaced, those implicated in the Rahat-gate scandal were stripped of their personal possessions and state decorations, and the information minister was dismissed. 16 May 2008
|
 |
Medvedev Kicks Off Kazakhstan Courtship
With Kazakhstan the choice for Russian President Dmitry Medvedev’s first official state visit, Russian and Kazakhstani officials are talking hard about plans to expand their governments’ partnership. However, the two former Soviet states are understood to remain divided over some divergent interests, notably oil transit, despite Russian claims to the contrary. 16 May 2008
|
 |
Kazakh, Tajik Presidents Show Oil and Water Do Mix
In return for closer ties with Kazakhstan, visiting Tajik President Imomali Rahmon has hinted at support for a Kazakh plan to form a Central Asian Union -- an idea also backed by Kyrgyzstan but soundly rejected by Astana's main regional rival, Uzbekistan, and unlikely to please Russia. 14 May 2008
|
 |
Kazakhstan Remains Upbeat Despite Negative Credit Rating
Standard & Poor’s credit rating for Kazakhstan has been downgraded from stable to negative, but economic chiefs in Astana remain resolutely upbeat despite rising inflation, stalled construction projects and a shaky global outlook. 14 May 2008
|
 |
Kazakhstan: Corruption Timeline
The report has been prepared by GlobalIntegrity and offers a timeline view of corruption in Kazakhstan. 13 May 2008
|
 |
Kazakh Leader's Daughter Monitored U.S. Bribe Case
The daughter of Kazakhstan's president used well-connected Washington private security consultants to gather information on a U.S. bribery probe involving her father that has stymied the nation's access to $84 million in disputed funds. 12 May 2008
|
 |
Kashagan to Be Two Years Late. Again
The Eni-led consortium developing the giant Kashagan oil field in the Caspian Sea proposes to postpone the start of production to 2012-2013 from 2011, the Kazakh government said today. 12 May 2008
|
 |
Caspian Basin: No Way to Halt Sturgeon Poaching
Momentum is building among Caspian Basin governments for a moratorium on sturgeon fishing, in order to protect the lucrative caviar trade. Informal discussions with fishermen, however, suggest that an official ban would be unlikely to halt the dangerous depletion of sturgeon stocks. 12 May 2008
|
 |
CPC Expansion Should Take Place before 2012
The Russian energy ministry said in a statement its minister Viktor Khristenko and his Kazakh counterpart Sauat Mynbayev had reached an agreement at a meeting in Astana. "A joint position has been agreed on the issue of the CPC (Caspian Pipeline Consortuim) expansion, which should take place before 2012 in two stages," the statement said. 09 May 2008
|
 |
Kazakhstan Seeks Identity on the Big Screen
'I wanted to show that Kazakh history…is much deeper than we'd ever thought.' – Gulnara Sarsenova, cosmetic magnate and movie producer. 09 May 2008
|
 |
Much Ado about Banks
As the rating agency Fitch pointed out devaluation of credits in three Kazakhstani banks, including the country’s leading private bank KazKom, and smaller ones, the Alliance and Caspian banks, the reaction of Kazakh bankers was immediate. They said that the Fitch’s methodology of evaluation of the assets quality is conservative. 07 May 2008
|
 |
Uzbek president's visit to Astana highlights...
...serious obstacles in Creating Central Asia Alliance
Uzbekistan President, Islom Karimov, does not conceal his suspicions about the true intent of Kazakh leaders as they seek to become leaders of the region. 07 May 2008
|
 |
Aliyev Casts Long Shadow Over Kazakh Intellegence
Amangeldy Shabdarbayev, Chairman of Kazakhstan’s National Security Committee (KNB), has confirmed continuing concern about the infamous case of Rakhat Aliyev, while trying to give a positive image of the KNB working closely with the Russian Federal Security Service (FSB) to tackle serious security threats. 07 May 2008
|
 |
Kazakhstan Wants New and Renovated Roads
The Kazakh government will seek investors to build or maintain 1,000 kilometers (620 miles) of roads at a projected cost of 541 billion tenge ($4.5 billion) in exchange for operating concessions, the Transportation Ministry said. 06 May 2008
|
 |
S&P revises Kazakh outlook on bank, funding woes
Standard & Poor's on Tuesday revised its outlook on Kazakhstan's sovereign credit ratings to negative from stable, saying there is an increasing risk that deteriorating bank asset quality and funding challenges will impact the country's economy. 03 May 2008
|
|
 |
|