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Latest Special Report:
Investment bank survey 2011 | |||||||
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Eurasia
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Eurasia Capital
Wed, 30th Sep -- Often regarded as being on the edge of the world, Eurasia's rich treasure of minerals is moving the region towards the centre of economic gravity. The region is poised to receive substantial investments from resource-hungry foreign investors. Reading down the list of Eurasian countries, nearly all of them have important news to announce. Kazakhstan is the largest economy in the region and has been benefiting from continuous investments into its oil and gas industry. However, the biggest are yet to come, including huge projects like Kashagan, Karachaganak and Tengiz (see box "World Class Resources"). Despite an acute banking crisis, the country should rebound strongly on the back of a revival in commodity prices and economic recovery in the near future.
Clare Nuttall in Almaty
Wed, 30th Sep -- Kyrgyzstan's banking sector has largely avoided the international crisis, due to a combination of sensible business practices, good regulation and - perhaps most importantly - a lack of foreign borrowing.
Clare Nuttall in Almaty
Wed, 30th Sep -- Halyk Bank is well capitalised and has low exposure to Kazakhstan's problem sectors. The bank's chairwoman, Umut Shayakhmetova, plans to take advantage of the disarray among two of the other top four banks to become at least the second-largest lender in Kazakhstan.
Clare Nuttall in Almaty
Wed, 30th Sep -- Eight months after Kazakhstan's law on Islamic finance and banking was adopted, a handful of local and international Islamic institutions have already set up in the country. Looking ahead, the issuance of sukuks, or Islamic bonds, by Kazakhstan-based companies is expected to drive the market for Sharia finance.
Clare Nuttall in Almaty
Wed, 30th Sep -- Kazakhstan's national rail operator Kazakhstan Temir Zholy has outlined plans over the summer for a massive $36.5bn modernization programme, which the government hopes will turn the country into land bridge for transiting goods between China and Europe.
Samantha Shields in Tbilisi
Wed, 30th Sep -- Having seen his predecessor unceremoniously sacked for failing to attract investors, Georgia's new economic development minister says he hopes to lure foreign capital from previously untapped sources and restart the country's stalled privatization programme.
Guy Norton in Almaty
Wed, 30th Sep -- It's all change in the Kazakh banking sector. Over the course of the next couple of months, the Central Asian state is set to witness a complete makeover of its financial institutions through a combination of the completion of long-awaited debt restructurings at BTA Bank and Alliance Bank, and a much-anticipated overhaul of the regulatory system governing the sector.
bne
Wed, 30th Sep -- The Mongolian parliament's approval in August of several mining and tax laws will lead to the signing of a long-awaited final investment agreement for the world€™s biggest undeveloped copper and gold deposit "as soon as possible," said Minister of Mineral Resources and Energy Dashdorj Zorigt on September 9. |
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