About 200 financiers are expected to come together for an annual conference in London on April 19-20 to discuss anticipated developments and investment opportunities in fixed income markets in Africa, the Middle East, Latin America, Asia, Central and Eastern Europe, Ukraine, Russia, other member countries of the Commonwealth of Independent States, and the Caucasus region. Continue Reading
Tag Archives: Kazakhstan
Goldman Sachs said to have bought stake in Russian online recruitment firm
By Andrei Skvarsky. Goldman Sachs is said to be among investors that have bought out online recruitment agency HeadHunter (hh.ru) from Mail.Ru Group, a leading Russian Internet company listed on London Stock Exchange, for 10bn roubles (about $145.5m at the current market exchange rate). Continue Reading
Kazakhstan bans forex pricing in e-commerce to ‘de-dollarise’ economy
By Andrei Skvarsky. Rules on electronic commerce put into force in Kazakhstan on February 2 prescribe setting all prices in Kazakh tenge and ban pricing in foreign currency as part of the “de-dollarisation of the economy”. Continue Reading
RenCap expects Russian inflation to slow, Kazakh money to plunge
Renaissance Capital, a Russian top-tier privately-owned investment bank, has forecast that inflation will decline in Russia but will rise in Georgia and Kazakhstan in the near term, and that the Kazakh currency will plunge by nearly one third by the end of September. Continue Reading
ADM Kazakhstan Capital Restructuring Fund in association with Invivo VDP LLP is launching modern medical functional diagnostic center in Almaty city
Source – Рreqveca.ru ADM Kazakhstan Capital Restructuring Fund (ADM KCRF), falling under group of funds with participation of Kazyna Capital Management JSC (Baiterek National Managing Holding), announces the launching a modern medical functional diagnostic center in Almaty city in association with Invivo VDP LLP. Continue Reading
The Funds of KCM’s group invest in Chaplin Cinemas network
ADM Capital’s funds, KCRF and KGF, members of a group of funds with the participation of Kazyna Capital Management JSC (owned by National Management Holding “Baiterek” JSC) and the European Bank for Reconstruction and Development (EBRD) announce completion of the acquisition of the controlling stake in Chaplin Cinemas network. Continue Reading
EBRD PARTICIPATES IN KAZAKH RAILWAYS EUROBOND
The European Bank for Reconstruction and Development (EBRD) has participated in a bond issuance by Kazakhstan’s national railway company, Kazakhstan Temir Zholy (KTZ). The Bank participated in the longer-term tranche of the Eurobond. Continue Reading
The Funds of KCM’s group invest in Chaplin Cinemas network
ADM Capital’s funds, KCRF and KGF, members of a group of funds with the participation of Kazyna Capital Management JSC (owned by National Management Holding “Baiterek” JSC) and the European Bank for Reconstruction and Development (EBRD) announce completion of the acquisition of the controlling stake in Chaplin Cinemas network. Investments of the Funds will be… Continue Reading
Russia’s Unicorn Capital buys key maker of glass facades
By Andrei Skvarsky. Moscow-based buyout fund Unicorn Capital Partners with target capitalisation of $500m has announced its first acquisition, the purchase of controlling interest in Constanta Group, one of Russia’s largest designers and manufacturers of translucent façade systems and other glass products. Unicorn, whose main objective is to buy out undervalued small and medium enterprises… Continue Reading
Home Credit receives bids totalling $300m for Russian bonds
Home Credit, one of Europe’s leading retail lenders, has pulled off a highly successful securities project in Russia, {{{*}}} with a total of 9.4bn rubles ($300m) offered for bonds issued by its Russian subsidiary – more than three times their total par value. Sberbank CIB, the investment banking arm of Russia’s biggest lender Sberbank, Raiffeisenbank… Continue Reading
SBERBANK COMMENT: Economic update – sluggish performance
By analysts, Sberbank Investment Research. Growth slowed at end 2012 not just in Russia but also in neighboring Kazakhstan, Belarus and Ukraine. In contrast to Russia, where slowing economic growth has been accompanied by softening consumption growth, the Kazakh, Belarusian and Ukrainian consumer markets remain overheated. {{{*}}} We see serious risk of economic contraction in… Continue Reading
Moscow Exchange gives CIS banks free access to currency market
By Andrei Skvarsky. The Moscow Exchange has given unrestricted access to its currency market to banks domiciled in Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. {{{*}}} Banks in the four countries, which, together with Russia, are building a so-called Eurasian Economic Community, no longer need a Russian currency trade licence for access to the Moscow bourse’s currency… Continue Reading
RenCap carries out reshuffle to beef up equity products group
By Andrei Skvarsky. Renaissance Capital has carried through an internal reshuffle to improve cross-regional coordination in its equity products group by making senior appointments in New York, London, Russia and South Africa. Rupert Hope and Florian Hellmich were promoted to global co-heads of distribution in New York and London respectively. They will oversee operations in… Continue Reading
Raiffeisen, Sberbank co-run Eurasian Development Bank’s Eurobond sale
By Andrei Skvarsky. Raiffeisen Bank International AG and Sberbank CIB, a former unit of Troika Dialog, co-managed the recent successful sale of the Russian ruble-denominated Eurobonds by Eurasian Development Bank (EDB), an international institution set up by the governments of Russia and Kazakhstan. The five-year securities with maximum 8% yields made up what was the first-ever… Continue Reading
EBRD, World Bank try to cut emissions from gas flaring in Russia
By Marcus Williams. The European Bank for Reconstruction and Development (EBRD) is joining forces with the World Bank to help governments in Azerbaijan, Kazakhstan, Russia and Turkmenistan reduce the waste of a valuable energy source and also combat damage to the environment. In a joint statement, the two international financial institutions said there are currently… Continue Reading