Kazakhstan news for March 01, 2010

In this issue:

2 Corporate news
2 Fitch affirms Kazakhstan’s Bank CenterCredit following Kookmin stake increase
2 BG, Eni Oil Venture Faces Kazakh Tax, Contract Review
2 Upcoming events
3 Industry news
3 Kazakhstan to launch 23 projects in metallurgical sector
3 $8 billion to be allocated for realization of industrial development program of Kazakhstan
4 Politics and Economics
4 Prime Minister noted that indicators of first two months of 2010 exceed forecasted
4 Bankers in Kazakhstan should not be involved in politics
5 KASE & Market wrap
6 AFS-Research productline
7 AFS Research services
 

$8 billion to be allocated for realization of industrial development program of Kazakhstan
 

$8 billion will be allocated annually from the National Fund for realization of the industrial development program of Kazakhstan. The President of Kazakhstan, Nursultan Nazarbayev, informed at the plenary session of the Business Council, the agency reports.
"$8 billion will be allocated annually from the National Fund as well as from the budget for realization of the industrial development program of Kazakhstan."
He reminded, "Gold and exchange currency reserves of Kazakhstan, as of today, have been $52 billion." "We have the resources," the head of state noted. (26/02/2010 kt.kz)
 

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