CIS Region Equity Markets: Weekly Overview

Total Page:16

File Type:pdf, Size:1020Kb

CIS Region Equity Markets: Weekly Overview CIS equity markets end the week in the green zone Russia’s banking sector loan portfolio projected to grow 20- 25% in 2012, profits to drop Kazakhstan’s Prime Minister Karim Massimov re-appointed CIS Region Equity Markets: Weekly Overview 1 Ukraine The State Statistic Committee (SSC) reported Ukraine’s industrial output dropped by 0.5% y/y in December after a 3.8% y/y growth in November, bringing the full-year tally to 7.3%, as compared to 11.2% y/y in 2010. Monthly output of all Ukraine’s major industries, except machinery (+4.5% y/y), recorded declines in December: metallurgy fell by 4.7% y/y, chemicals went down by 1.1% y/y and food CIS Region Equity Markets: Weekly Overview 2 Market performance 1W return YTD return Best performers Worst performers (USD) (USD) CIS Region Equity Markets: Weekly Overview 3 .
Recommended publications
  • Hong Kong's Role in China's Financial Reform
    The LEXIS PRACTICE ADVISOR Journal TM WINTER 2015 / 2016 www.lexispracticeadvisor.com Start your free trial today 300+ 11 900+ LEXISNEXIS.COM/FINISH-BIG OR CALL 800.628.3612 ATTORNEY PRACTICE SEARCHABLE AUTHORS AREAS DEAL POINTS Contents WINTER 2015 / 2016 PRACTICE NEWS PRACTICE PROJECTIONS 4 A BRIEFING ON EMERGING ISSUES 35 DUE DILIGENCE IN LIFE SCIENCES IMPACTING TRANSACTIONAL PRACTICE MERGERS & ACQUISITIONS Business & Commercial, Banking & Finance, Labor & Mergers & Acquisitions Employment, Securities & Capital Markets, Real Estate 46 “REGULATION A-PLUS” LIMITED PUBLIC PRACTICE NOTES OFFERINGS UNDER SECURITIES ACT 10 UNDERSTANDING THE NLRB’S SECTION 3(B)(2) POSITIONS ON REGULATING Securities & Capital Markets EMPLOYEES’ SOCIAL MEDIA USAGE Labor & Employment 52 FDA RELEASES FIRST TWO RULES UNDER THE FOOD SAFETY MODERNIZATION ACT 18 CONFIDENTIALITY, NONDISCLOSURE Business & Commercial & SECRECY AGREEMENTS IP & Technology PRACTICE POINTERS 56 DRAFTING AND NEGOTIATING EFFECTIVE PRACTICE TRENDS CLOUD COMPUTING AGREEMENTS 24 CHALLENGES OF TAXING IP & Technology THE SHARING ECONOMY Tax 66 DRAFTING ADVICE: DEVELOPING SOCIAL MEDIA POLICIES 28 CARSHARING GETS EASY Labor & Employment REGULATORY RIDE Business & Commercial JURISDICTIONAL PRACTICE 69 MANAGERS, AGENTS & ATTORNEYS PRACTICE PROFILE California Business & Commercial 31 A VIEW OF ASSET-BASED LENDING GLOBAL PRACTICE WITH DAVID W. MORSE, BANKING & FINANCE CHAIR, OTTERBOURG PC 75 HONG KONG’S ROLE IN CHINA’S FINANCIAL Banking & Finance REFORM - THE ERA OF THE “NEW NORMAL” Banking & Finance
    [Show full text]
  • Kazakhstan: the Art of Balance Between China and Society
    Kazakhstan: The Art of Balance between China and Society The trial over the rights activist of ethnic Kazakhs in China has shown that the authorities of Kazakhstan have to swim between Beijing and public opinion for the second time last year. Follow us on LinkedIn On the night of August 16, the trial over Serikzhan Bilash, a head of Atazhurt Yeriktileri (Volunteers of Motherland), was completed in Almaty regarding his assistance to returnees and ethnic Kazakhs in China. For Kazakhstan, this trial based on political charges was held in record time – without even starting. The verdict was also a surprise – penalty less than 300 dollars. The trial over Serikzhan Bilash was an indicator for Akorda of its dependence on the society, just like the trial over a refugee from China – ethnic Kazakh Sairagul Sauytbai. Born in Xingjian-Uighur Autonomous Region (XUAR), ethnic Kazakh Serikzhan Bilash received citizenship of Kazakhstan. When ethnic minorities were persecuted in western China, Bilash and his fellow thinkers created a group, Atazhurt Yeriktileri, to provide assistance to returnees. However, amid increasing pressure on Muslims in China, Bilash increasingly criticised Beijing and, in fact, organised a campaign against the oppression of ethnic Kazakhs in XUAR. The same group did not let the extradition of refugee Sairagul Sauytbai to China and could draw the attention of world media to this situation. On the one hand, the authorities of Kazakhstan finally opened their eyes to what was happening with its powerful neighbour, after which negotiations began to ease the situation of the Kazakh ethnic group in XUAR. On the other hand, it is obvious that Bilash has become too uncomfortable in the relationship between Nur-Sultan and Beijing.
    [Show full text]
  • Earning Astana Yellow Jerseys in a Corporate Governance Race: Engaging External Partners in Communications in Kazakhstan
    Earning Astana yellow Jerseys in a Corporate Governance Race: Engaging External Partners in Communications in Kazakhstan What do corporate governance and bicycle racing have in common? Frankly, not much. But the IFC Central Asia Corporate Governance Project team felt like cycling champions after our success in raising awareness about corporate governance in Kazakhstan. The corporate governance “race” in Kazakhstan started in 2006 in Almaty when a team of 11 people got together to launch the project. Just as the Astana cycling team retains its first place in the world ranking, subsequently reinforced by the victory of Alberto Contador in the Tour de France, our project team came out winners in helping corporate governance become an important topic in Kazakhstan. In this SmartLesson we would like to share how the project partnered with international coaches, local experts, and government bodies to promote corporate governance through publications, annual conferences, and seminars for mass media representatives in Kazakhstan. Background competitiveness and sustainability of the national Kazakhstan is located in the heart of the Eurasian economy, relying on corporate governance principles. continent at the crossroads of East and West. Prime Minister Karim Massimov also participated When the project started operations, not many of in a corporate governance awareness conference in the region’s businesspeople knew what corporate February 2007 in the Kazakhstani capital, Astana, governance was. IFC’s communications objective thereby greatly raising the profile of the topic through was to widely spread the word about corporate the accompanying press coverage. In spring 2007, governance, convince policymakers to create a full Senate hearings on the competitiveness of the favorable legislative framework, and—the most economy included invited experts on corporate important task—inspire joint-stock companies and governance.
    [Show full text]
  • 1St Caspian Ports and Shipping 2019
    Follow us on: Caspian Riviera Grand Palace Hotel, Aktau, Kazakhstan Monday 13 to Wednesday 15 May 2019 Hosted By Official Strategic Partner Associate Member Sponsored By • Technical Site Visit • Networking Welcome Reception • International Exhibition • International Conference • 300 Conference Delegates • Networking Welcome Dinner • • Special Offer: Conference Delegate Registration for Shipping Lines; Port Authorities And Terminal Operating Companies Save €500! • • Local Delegates at KZT262,800 • FREE Conference Delegate Registration for Shippers/Beneficial Cargo Owners • KEY SPEAKERS.... PLUS MANY MORE! HIGHLIGHTED TOPICS 1. Abay Turikpenbaev • Observing economic opportunities in transportation and logistics trade. What can be offered Director General, Port of Aktau, Republic of Kazakhstan to attract global investors? 2. Dr. Stephan Dohm Head of Strategic Projects, HHLA International GmbH, Germany • Positioning Constanta as the maritime gateway between the Europe, Asia and beyond 3. Alkan Alicik Managing Director, MSC Georgia LLC, Georgia • One Belt – One Road. Redefining port operations in improving regional trade 4. Joerg Bollensdorf • Encouraging investments and improving collaborations for efficacious infrastructure development projects Sales Manager, Liebherr-MCCtec Rostock GmbH, Germany • Improving regional trade and linking the Black Sea, Caspian Sea, Europe and Central Asia countries 5. Darius Macijauskas PhD, Sales Manager, ArcelorMittal, Luxembourg • Developments in supply chain transportation through rail, sea and road. New approaches in 6. Shyngys Tuleushin strengthening cargo transportation Director General, Khorgos Gateway, Republic of Kazakhstan 7. Manfred Seitz • Shaping Next-Gen Ports in creating business competitiveness, expanding trade, managing risks General Manager, Pro Danube Management GmbH, Austria and improving existing economic footprint 8. Oguz Tumis Port Director, Samsunport, Turkey • The pivotal role of the Black Sea in transforming its supply chain to improve regional economy For more Information or to Register Tel.
    [Show full text]
  • The Meeting of the National Dialogue on Water Policy Working Group in the Republic of Kazakhstan AGENDA
    The meeting of the National Dialogue on Water Policy Working Group in the Republic of Kazakhstan 14 June 2019, «Park Inn» hotel, Nur-Sultan AGENDA 8:45 – 09:30 Welcoming coffee 09:00 – 09:30 Registration Opening 09:30 – 09:45 Welcome speeches: • Yerlan Nyssanbayev, Vice-Minister of Agriculture of the Republic of Kazakhstan • Johannes Stenbaek Madsen, Head of Cooperation EU Delegation to Kazakhstan • Talaibek Makeev, Economic Affairs Officer, Environment Division, UNECE Session 1. Development of cooperation of Kazakhstan with neighboring states on transboundary waters Moderator: Nurlan Atshabarov, President of Association of Water Enterprises and Organizations of Kazakhstan 09:45 – 11:00 Experience of joint transboundary groundwater management, Representative of UNESCO About the cooperation of Kazakhstan and Uzbekistan in the deVelopment of a model for joint management of transboundary groundwater reserVoirs, Aitmurat Issayev, Head of Department of Hydrogeology and Engineering Geology, Committee of Geology and Subsoil Use, Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan About the actiVities of the International Water Assessment Centre on the issues of the Dam Safety in Central Asia, Serik Akhmetov Director of IWAC About ensuring the safety of hydraulic structures of Kazakhstan, Marat Imanaliev, Head of Department of State Control in the Use and Protection of Water Fund, CWR Ministry of Agriculture of the Republic of Kazakhstan Questions and answers, discussion of issues of cooperation of Kazakhstan with
    [Show full text]
  • Kazakhstan by Russia in the 18Th and 19Th Centuries
    July 8, 2015 Kazakhstan by Russia in the 18th and 19th centuries. Throughout the 20th century, it was a major source of agricultural and energy commodities for the Soviet Union. In contrast to other countries’ post-Soviet periods, Kazakhstan’s transition was entirely peaceful. The country’s leadership received praise at the time, including from the United States, for renouncing nuclear weapons and permitting the removal of Kazakhstan’s large former Soviet nuclear stockpile. The contemporary period has seen some market reforms, development of the energy sector, and diversification of the economy as a whole. However, democratic reforms have not generally been implemented, despite years of promises by political leaders. Corruption continues to be a chronic problem throughout government and the private sector. Notes: Graphic created by CRS. Map boundaries and information Political Freedom: The Organization for Security and generated by Hannah Fischer using Department of State Boundaries Cooperation in Europe (OSCE) stated that in the April 2015 (2011); Esri (2014); DeLorme (2014). presidential elections, in which president Nazarbayev won Political Background 97.7% of the vote, voters “were not offered a genuine choice between political alternatives.” The OSCE added that “serious procedural deficiencies and irregularities were Government: Kazakhstan has a hybrid presidential- observed throughout the voting, counting and tabulation parliamentary system, with a two chamber legislature, the processes, including indications of ballot box stuffing.... Mazhilis. The first (and so far only) president, Nursultan Nazarbayev, was the Communist Party leader of Kazakh Transparency of the process was limited.” The president’s party, Nur Otan (“Light of the Fatherland”) won 81% of the SSR, the region that became Kazakhstan after the Soviet 2012 parliamentary vote, with two smaller parties gaining a collapse.
    [Show full text]
  • Kazakh, Kyrgyz Presidents Discuss Bilateral Relations
    +10°C / +5°C WEDNESDAY, APRIL 9, 2014 No 7 (50) www.astanatimes.com Kazakh, Kyrgyz Presidents In Astana, Top U.S. Discuss Bilateral Relations Diplomat Reaffirms Importance of Strategic Partnership By Arsen Kulmanbetov oil and gas. More than 300 joint ventures in key economic sec- ASTANA – A top U.S. diplomat tors work in Kazakhstan. In 2013, began her three day tour of Ka- trade between Kazakhstan and the zakhstan and Kyrgyzstan on April United States totaled $2.75 billion, 1 with top-level meetings in the 9 percent more than in 2012. Kazakh capital and a lecture at a Biswal and Idrissov also ex- university bringing the overriding changed views on international message of a far away nation being and regional security, affairs in- committed to further strengthen- cluding the situation in and around ing bilateral ties and promoting re- Afghanistan and Ukraine. gional cooperation in Central Asia. While in Astana, Biswal also met Soon after her arrival in Astana, Prosecutor General Askhat Daul- Nisha Biswal, U.S. Assistant Sec- bayev to discuss cooperation in the retary of State for South and Cen- legal sphere. She also met other tral Asian Affairs, met with For- senior officials in the presidential office and in the government. eign Minister Erlan Idrissov and In her lecture to students of the discussed implementing the results Lev Gumilyov Eurasian National of talks between U.S. President University, the U.S. diplomat fo- Barack Obama and President Nur- cused on promoting security, pros- sultan Nazarbayev that took place perity and connectivity in the Cen- in The Hague on March 25.
    [Show full text]
  • Final Program
    Agenda Day 1, September 10 Public Session: Palace of Independence 08:30 – 10:30 Registration of participants 11:00 – 12:20 Plenary session 11:00 – 11:03 Moderator: Shigeo Katsu, President of Nazarbayev University 11:03 – 11:06 Introduction to the Forum: Harinder Kohli, Chief Executive, Emerging Markets Forum; President and CEO, Centennial Group 11:06 – 11:10 Presentation of video clip Kazakhstan–2050: Past, Present, Future 11:10 – 11:45 Speech by the President of the Republic of Kazakhstan Nursultan Nazarbayev: Kazakhstan – 2050: Joining the Club of 30 Most Developed Countries of the World 11:45 – 11:52 Speech: Alfred Gusenbauer, Former Federal Chancellor of Austria 11:52 – 11:59 Speech: Aleksander Kwasniewski, Former President of Poland 11:59 – 12:06 Speech: Romano Prodi, Former Prime Minister of Italy; President, European Commission 12:06 – 12:13 Speech: Ehud Olmert, Former Prime Minister of Israel 12:13 – 12:20 Moderator’s concluding remarks 12:20 – 12:40 Group photo Day 1, September 10 Closed Door 13:00 – 14:30 Lunch: Restaurant “Capri Brasserie”, Radisson Hotel 14:30 – 17:30 Sightseeing tour 19:00 – 23:00 Official dinner hosted byKarim Massimov, Head of Presidential Administration; Forum Chair Dinner speech: Erlan Idrissov, Minister of Foreign Affairs of Kazakhstan Restaurant: Astana Music Hall, Baurzhan Momyshuly Ave., 1 3 Day 2, September 11 Closed Door (by Invitation Only): Radisson Hotel, Sary-Arka IV 09:00 – 09:30 Arrival of participants 09:30 – 09:50 Opening of the second day sessions Moderator: Shigeo Katsu, President of Nazarbayev
    [Show full text]
  • Central Asia Regional Economic Cooperation Program: Twelfth
    IN.403-13 3 December 2013 Central Asia Regional Economic Cooperation Program Twelfth Ministerial Conference Central Asia Regional Economic Cooperation Program 12th Ministerial Conference Astana, Kazakhstan 23–24 October 2013 I. Introduction 1. The 12th Central Asia Regional Cooperation Program (CAREC) Ministerial Conference (the Conference) was held on 23–24 October in Astana, Kazakhstan. The Conference consisted of two related events: (i) the Senior Officials’ Meeting (SOM) on 23 October; and (ii) the Ministerial Meeting on 24 October. Reference materials have been posted in http://carecprogram.org. 2. The theme of the Conference was “Integrated Trade and Transport” and its objectives were to: (i) review the progress of cooperation in the CAREC Program during 2013, and (ii) consider the refined Transport and Trade Facilitation Strategy and Implementation Action Plan (TTFS) 2020 and the Trade Policy Strategic Action Plan (TPSAP) 2013–2017. 3. The Prime Minister of Kazakhstan, Mr. Serik Akhmetov, gave the Inaugural Address. ADB President Takehiko Nakao participated and gave a keynote address. Mr. Erbolat Dossaev, Minister of Economy and Budget Planning of Kazakhstan chaired the Ministerial Meeting. 4. ADB1 provided financial, technical, and secretariat support for the Conference. The list of heads of country delegations is in Appendix 1. II. Highlights of the Conference 5. In his keynote address (Appendix 2), President Nakao noted that emerging countries in Asia are much better situated than in the late 1990s in terms of sound macroeconomic policies, stronger financial systems, buffers in foreign reserves, and preparedness including regional safety net arrangements such as swap arrangements. He also noted the transformative structural changes under way reflected in the rising role of emerging economies, which have been growing faster than the global average and increasing their share of annual world GDP growth.
    [Show full text]
  • The Formal Political System in Azerbaijan and Kazakhstan
    Forschungsstelle Osteuropa Bremen Arbeitspapiere und Materialien No. 107 – March 2010 The Formal Political System in Azerbaijan and Kazakhstan. A Background Study By Andreas Heinrich Forschungsstelle Osteuropa an der Universität Bremen Klagenfurter Straße 3, 28359 Bremen, Germany phone +49 421 218-69601, fax +49 421 218-69607 http://www.forschungsstelle.uni-bremen.de Arbeitspapiere und Materialien – Forschungsstelle Osteuropa, Bremen No. 107: Andreas Heinrich The Formal Political System in Azerbaijan and Kazakhstan. A Background Study March 2010 ISSN: 1616-7384 About the author: Andreas Heinrich is a researcher at the Research Centre for East European Studies at the University of Bremen. This working paper has been produced within the research project ‘The Energy Sector and the Political Stability of Regimes in the Caspian Area: A Comparison of Kazakhstan and Azerbaijan’, which is being conducted by the Research Centre for East European Studies at the University of Bremen from April 2009 until April 2011 with financial support from the Volkswagen Foundation. Language editing: Hilary Abuhove Style editing: Judith Janiszewski Layout: Matthias Neumann Cover based on a work of art by Nicholas Bodde Opinions expressed in publications of the Research Centre for East European Studies are solely those of the authors. This publication may not be reprinted or otherwise reproduced—entirely or in part—without prior consent of the Research Centre for East European Studies or without giving credit to author and source. © 2010 by Forschungsstelle Osteuropa, Bremen Forschungsstelle Osteuropa Publikationsreferat Klagenfurter Str. 3 28359 Bremen – Germany phone: +49 421 218-69601 fax: +49 421 218-69607 e-mail: [email protected] internet: http://www.forschungsstelle.uni-bremen.de Contents List of Tables ................................................................................................................................5 1.
    [Show full text]
  • Remarks by H.E. Xi Jinping President of People's Republic of China at The
    3/2/2018 Remarks by H.E. Xi Jinping President of the People's Republic of China At the Opening Ceremony of the Second World Internet Conference ﻋرﺑﻲ 简体中文 Français Русский Español search Home The Ministry Policies and Activities Press and Media Service Countries and Regions About China Resources Home > Policies and Activities > Speeches Remarks by H.E. Xi Jinping President of the People's Republic of China At the Opening Ceremony of the Second World Internet Conference 2015/12/16 Wuzhen, 16 December 2015 President Mamnoon Hussain, Prime Minister Dmitry Medvedev, Prime Minister Karim Massimov, Prime Minister Temir Sariyev, Prime Minister Qohir Rasulzoda, First Deputy Prime Minister Rustam Azimov, Deputy Prime Minister Siaosi Sovaleni, Under-Secretary-General Wu Hongbo, Secretary-General Zhao Houlin, Dr. Klaus Schwab, Ministers and Ambassadors, Distinguished Guests, Dear Friends, Welcome to the beautiful town of Wuzhen for this important discussion on the development of the Internet in the world. First of all, on behalf of the Chinese government and people and in my own name, I wish to extend our warm welcome to all participants to the second World Internet Conference, and express warm congratulations on the opening of the conference. I have worked in Zhejiang for many years and visited Wuzhen on several occasions. Today, coming back to Wuzhen, I find the town both familiar and new. The first World Internet Conference held here last year gave a strong boost to the development of online maker, online hospital, smart tourism and other Internet applications, and added a new, fascinating dimension to the charm of this historical town.
    [Show full text]
  • UN Ministerial Conference to Address the Social Impact of the Economic Crisis in Eastern Europe, Central Asia and Turkey
    26 November 2009 Media advisory UN Ministerial Conference to address the social impact of the economic crisis in Eastern Europe, Central Asia and Turkey ALMATY (ILO News) – High-level representatives from Eastern Europe, Central Asia and Turkey will examine regional policy responses to the economic crisis at a UN Ministerial Conference jointly organized by four U.N. agencies (the ILO, UNICEF, FAO and UNDP ) and hosted by the Government of Kazakhstan in Almaty (Kazakhstan) on 7-8 December. The Conference will gather Ministers of Labour and Social Affairs and senior officials from the Ministries of Labour, Finance/Economy and Agriculture from 13 countries1 of the region, high- level representatives of the United Nations system, international and regional financial institutions (IFIs), regional organizations, bilateral cooperation agencies, international employers' and workers' organizations, civil society and regional academia. Based on the most recent development of the crisis, the conference will provide a platform to exchange experiences and good practices on how to stimulate recovery in the region, mitigate the social impact of the crisis and build on long-term sustainable responses to the global financial and economic crisis. Keynote speakers will include the Prime Minister of Kazakhstan, H.E. Karim Massimov and Ms Kori Udovicki, Assistant Secretary-General of the United Nations and Director of the UNDP Regional Bureau for Europe and CIS. Following a ministerial panel discussion on the social impact of the crisis in the region, the conference will include three thematic technical sessions focusing on employment, social protection and food security, based on working papers prepared by the ILO, UNICEF and FAO.
    [Show full text]