Uzbekistan: S&P affirms Turonbank’s rating with stable outlook

Measures undertaken in the country to strengthen the financial stability of commercial banks have a positive effect on their assessment by international rating agencies in terms of creditworthiness. In particular, the implementation of effective banking supervision on the basis of international standards, constant monitoring of quality of assets and liquidity of banks have allowed domestic…

Details

Kazakhstan: new gas chemical complex to be built

Kazakh United Chemical Company will build integrated gas chemical complex in Atyrau region, Kazakh Wealth Fund Samruk-Kazyna reported. The complex will process gas from Tengiz field and produce polyethylene, which is widely used in construction, medicine, engineering, the packaging industry, household goods manufacture, etc. The project will cost $2.6 billion, Samruk-Kazyna plans to attract debt…

Details