Kazakhstan

New coronavirus cases decline across emerging Europe but the epidemic’s not over yet

bne IntelliNews May 29, 2020

Steady growth in new cases in several countries despite easing of lockdowns, numbers pushed up by outbreaks at industrial plants.

Borealis pulls out of $6.8bn plan to build petrochemical plant in Kazakhstan

Kanat Shaku in Almaty May 20, 2020

Austrian company cites COVID-19 uncertainties. Move is a blow to Kazakh plans to use vast gas reserves to make more value-added products. Nur-Sultan already struggling with oil price crisis.

Business rallies to help in fight against coronavirus across Eastern Europe and Central Asia

Ben Aris in Berlin May 20, 2020

Business leaders across the Former Soviet Union are using some of the riches they have amassed in the last three decades to help in the fight against the coronavirus.

Retail sales under lockdown across Central and Eastern Europe are sinking

bne IntelliNews May 12, 2020

A worldwide lockdown has created havoc for retailers as their customers are forced to stay at home. There has been a little respite as sales in March surged due to panic buying but that has given way to a lockdown that keeps stores closed

Turkey’s TAV and partner pay $415mn for Almaty Airport

bne IntelIiNews May 8, 2020

Seen as sitting on strategic Asia-Europe trade junction along China's Belt and Road initiative to develop infrastructure and associated investments.

Almost $1bn worth of damage caused by bursting of Sardoba dam in Uzbekistan

bne IntelIiNews May 6, 2020

Dramatic video released on social media shows moments shortly after dam burst, flooding villages. Army sent to divert water flow to lake. Criminal proceedings launched.

Intrigue in Kazakhstan as Nazarbayeva’s successor as speaker of parliament announced

bne IntelIiNews May 5, 2020

Naming of deputy chief of presidential administration gives no clear indication a power struggle is under way.

Capital outflows from EMs reverse in April to modest gains

bne IntelliNews May 5, 2020

The torrent of capital fleeing Emerging Markets (EMs) securities has stopped and these markets saw a modest inflow in April, reported the Institute of International Finance (IIF) on May 4.

Details emerge of claimed cement plants corruption by Uzbekistan's disgraced Karimova

bne IntelIiNews May 3, 2020

Daughter of late long-ruling autocrat was accused of using threats to coerce owners to hand over companies. Affair eventually produced damages claim against Tashkent from investors in Kazakhstan’s Visor group.

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