Kazakhstan

Attack of the Debt Tsunami: global debt soars to a new all-time high

Ben Aris n Berlin November 19, 2020

The coronacrisis has sent already record-high levels of global debt soaring to giddying new levels, reports the Institute of International Finance (IIF) in a note released on November 18.

KAZ Minerals says risks around Baimskaya copper project in Russia up due to new government infrastructure plan

Kanat Shaku in Almaty November 19, 2020

Complex submitted development plan for Chukotka "has resulted in higher infrastructure costs and a delay to the bankable feasibility study".

Kazatomprom resumes activities at all Kazakhstan mining operations

Kanat Shaku in Almaty November 12, 2020

Pandemic restrictions thought to have cut 2020 uranium production by around 17.5%.

CFC joins RWC in assessing KAZ Minerals buyout offer as under-valuation

Kanat Shaku in Almaty November 12, 2020

Offer will prevent minority shareholders from realising full value of their investment in copper miner, CFC says. RWC has said it is “deeply underwhelmed” by the bid.

The state is back in business

Clare Nuttall in Glasgow November 11, 2020

This year’s public health crisis has accelerated calls for an increased role of the state in the economy, shows a new report from the EBRD.

China business briefing: Not happy with Kyrgyzstan

Niva Yau for Eurasianet November 6, 2020

Beijing keeps its cool when admonishing wayward satrapies. It has perfected the cold shoulder.

Manufacturing PMI shows Kazakh operating conditions easing in October after September rebound

Kanat Shaku in Almaty November 3, 2020

Index reading seen as showing a "notable bump in the road in the recovery" of Kazakhstan's manufacturing sector.

All-cash £3bn buyout offer announced to take LSE-listed KAZ Minerals private

Kanat Shaku in Almaty October 29, 2020

Two largest shareholders offer 12% premium. Say $7bn development of Baimskaya copper mine in Russia “would be best undertaken away from public markets”.

Kazakhstan: Kaspi glitch highlights growing reliance on virtual money

Almaz Kumenov for Eurasianet October 28, 2020

The taxman is annoyed by how much revenue is lost on online payments.

Kazakhstan's Air Astana may never return to some pre-pandemic destinations CEO says

bne IntelIiNews October 28, 2020

Notes "people, particularly those travelling on holiday for leisure reasons, don't want to go through hub airports anymore. They don’t want to hang out in large airports or large cities with their families. They want to go to point A to point B."

"Very nice!" Kazakhstan adopts Borat's catchphrase in tourism advertising

Kanat Shaku in Almaty October 27, 2020

Idea for campaign came from American who lives in Almaty, where he gives walking tours. Expat pitched idea to country’s tourism board and “immediately” got the go-ahead.

The billionaires club, where the mega-wealthy go to meet each other

Ben Aris in Berlin October 26, 2020

It's a lonely life being a billionaire. Seriously. There are not many of them, so where do you go to meet the others? Prestel & Partner have set up a conference where you can find dozens of billionaires hanging out and come to socialise with peers

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