KZBlog

Tag archive for ‘Samruk-Kazyna’

• Timur Kulibayev’s Star Rises Even Higher

  As part of the cabinet reshuffle following the presidential election, Timur Kulibayev has been named head of Samruk-Kazyna, a state holding company that controls almost all national companies including the national airline, the oil companies, KazAtomProm, telecommunications companies and the railroads. The position was opened up after Karim Kelimbetov was named Minister of the Economy. […]

  4/12/11 • (Comments Off on Timur Kulibayev’s Star Rises Even Higher)

• All Your Oil Are Belong to China

  There’s been a lot in the news about allegations of corruption against Timur Kulibayev, the son-in-law of President Nursultan Nazarbayev. These allegations were brought by Mukhtar Ablyazov, opposition leader and former head of BTA Bank currently in exile after being charged himself with financial crimes. The police have dismissed the accusations as without evidence (and […]

  4/02/10 • (2)

• Astana Fans

  Going to the Team Astana website doesn’t get you a lot of news. Been trying to monitor it for news on when the name change to Samruk-Kazyna would go through officially and I still news reports on Bruyneel and Armstrong! But I did discover THE Astana Cycling Team Fan Club which has a lot more […]

  12/17/09 • (Comments Off on Astana Fans)

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  Contador Stays; Name Goes

  This week some changes were announced regarding Team Astana, the cycling team. Alberto Contador himself finally announced that he is staying with the team. After losing Armstrong and Brunyel and after a long period of doubt over whether the team would keep its UCI license or its funding, this is very good news. Despite mulling […]

  11/22/09 • (8)

• Kazakhstan May Lose Its Team

  Following up on my earlier post about Team Astana’s financial problems, I see that ESPN is reporting that Lance Armstrong’s team may be suspended if they do not meet their financial obligations by the 31 May of this year. Team Astana is funded primarily by state-owned companies under the national holding company, Samruk-Kazyna. However recently […]

  5/13/09 • (1)

• Team Astana in Trouble

  Despite their roster which includes Lance Armstrong, Contador and Leipheimer, Team Astana has been having financial issues. The team is sponsored by a number of state-owned companies including Air Astana, Kazakh Temir Zholi, KazMunaiGas and Kegoc. It also has a number of domestic and international sponsors including Trek, Nike and KazakhMys. However, Nikolai Proskurin, Vice-President […]

  4/15/09 • (2)

• Kazakhstan Buys Controlling Shares in Banks; Seeks to Sell Them

  As part of its bailout project, the Kazakhstan government had planned to buy assets in commercial banks. After negotiations with Halyk Bank and Kazkommerstbank to take government money, attention has turned to BTA and Alliance Bank. Samruk-Kazyna, the newly formed holding that combines development holding Kazyna and Samruk holding, which owned the largest and most […]

  2/03/09 • (Comments Off on Kazakhstan Buys Controlling Shares in Banks; Seeks to Sell Them)

• US to Kazakhstan: Send Advice

  After the buyout of AIG, giving the government an 80% share in this major insurance company, there has been a great deal of debate. There is outrage over the way the deal went down, without any warning and apparently without a coherent plan. Senate Majority Leader Harry Reid expressed dismay, saying, “We are in new […]

  9/24/08 • (Comments Off on US to Kazakhstan: Send Advice)

• SBCs

  Two weeks ago, there was a government assembly and the Prime Minister presented new projects for the government. As Kazakhstan Today reports, Social Business Coportations were on the list. “Sara Arka” will be the first, to be established in Karaganda (because the akim there was on the ball, they say). By the end of the […]

  10/30/06 • (Comments Off on SBCs)