Investor's Newsletter for January 2009: Kazakhstan

In this issue:

3 Laws & Legislations
3-4 Politics and Economics
3 President to establish common world currency
3 Kazakhstan to sell $992 million bonds to boost construction
3 Almaty budget income equals to 173.7 billion tenge for 2009
3 Kazakhstan joins troika of OSCE chairmen
4 National Fund to allocate KZT 30 bln for support of small and medium business of Astana
4 25 enterprises closed in Kazakhstan over crisis
4 Kazakh President set National Bank leadership tasks to overcome crisis
5 Banking
5 Samruk-Kazyna Fund to deposit US$800m with Kazkommertsbank and Halyk Bank
5 Kazakh banks buy up dollars in wait for tenge devaluation
5 Bank CenterCredit raises US$45m loan from IFC
5 HR News
6-7 Corporate News
6 ZhaikMunai’s Chinarevskoye-Rostoshee pipeline is completed
6 Petrolinvest investing $23 mln to develop field in Kazakhstan
6 Steppe Cement shuts down part of its wet lines
6 Dragon Oil Accumulates $867 Million for Investments
6 ENRC unit to produce 26% less iron ore in 2009
6 Roxi Petroleum gets funding for BNG Contract Area
7 Kazakhmys chairman and chief pledge shares for loans
7 NC KazMunayGas investment program for 2009 amounts to KZT 696 bln
7 IFC provides US$50 million loan to Jambyl Cement Company
7 IPO and M&A news
8 KASE & Last month gainers/losers