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1

Investor's Newsletter for December 2008: Central Asia & Caspian Monitor

In this issue:

3 Laws & Legislations
3-4 Politics and Economics
3 Russia, Kazakhstan, Armenia, Tajikistan, Kyrgyzstan establish US$10 billion anti-crisis fund
3 Turkmenistan, Russia to establish cooperation in agriculture
3 Azerbaijan’s financial market stable
3 Georgia received 602 million dollars after donors’ conference
4 Kyrgyz real GDP growth to slowdown to 4.5% in 2009, Economist Intelligence Units says
4 Turkmenistan, Tajikistan exchange instruments of ratification of agreement on friendship and cooperation
4 Tajik, Russian poultry breeders intend to expand cooperation
5 Banking
5 Kyrgyz Banks to pay 8mls KGS to Deposits Protection Fund
5 IMF to increase financial aid to Kyrgyzstan from $60 to $100mln
5 Fitch Downgrades BTA Georgia’s Individual Rating to ‘E’; Affirms IDR at ‘B’/Negative
5 HR News
6-7 Corporate News
6 Frontera Resources reports development drilling progress in Georgia
6 Kulob Petroleum takeovers drilling operations on the East Olimtoi exploration well
6 NMDC Spice International defers acquisition plans of Armenia mines
7 SOCAR to make 85% of gas sale in Georgia by the end of 2010
7 South Korean company to build new TEZ in Suluykta
6 IPO and M&A news
7 Last month gainers / losers
8 Market Spotlight: Tethys petroleum limited
 

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