...Kazakhstan`s place in Global Economy Dinara Zhangabayeva 145075 International business (MGMT 550) Submitted to ASSOC. PROF. DR. AKER SULE 28- 12- 2015 Introduction At the turn of 20-21 centuries, the world economy has entered a new phase of internationalization of economic life, which is defined as globalization. Globalization of the world economy as multidimensional process manifests itself in substantially all major aspects of modern economic life. The world is getting united through globalization. This is happening because of the technological advancements in the recent decades and the global organizations that made trading and capital movements easier. Regulations from various countries supported free trade, which made the countries more integrated with each other. Various entities were created to facilitate the trade between countries and to reach a more global economy (World Trade Organization, International Monetary Funds, The World Bank, European Union…). Efforts were made to get the financial markets integrated between each other as we have indexes for the whole world such as BBC Global 30, S&P global 100 … etc. and indexes for the European union like FTSE Euro 100, FTSE Euro Top 100… etc. The independence allowed Kazakhstan to establish economic relations with many developed and developing countries, to rebuild relationships with former partners and to advance on the path of integration into the world market. The liberalization of foreign economic...
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...destination for investors, receiving US$14b in FDI inflows. Investors continue to perceive Kazakhstan as a treasure trove of natural resources, while they also value some knowledge-based, high-value-add sectors that hold considerable promise. The Kazakhstan Government remains committed to reducing the country's dependence on extractive industries and developing a more balanced, knowledge-driven and investor-friendly economy. It continues to improve the competitiveness and productivity of priority sectors, such as agriculture and agro-processing; construction and construction materials; oil refining and support services; metallurgy; chemicals and pharmaceuticals; transportation; automotive; telecommunication; biotechnology; and alternative energy. However, our survey findings reveal a wide perception gap between foreign investors who are already established in Kazakhstan and those who are not. Current investors are much more aware of the country’s...
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...Kazakhstan Table of Contents 2 Introduction 4 2.1 Country Profile 4 2.2 History of industry 4 3 Research Objectives 5 4 Literature Review 6 4.1 Geographic Factor 6 4.1.1 Major Oilfields 8 4.1.2 Export Operating Pipelines 9 4.2 Government Policies 11 4.3 Financial Factor and R&D Factor 12 4.4 Market Prospects 14 4.4.1 Market players 14 4.4.2 Production 15 4.4.3 Consumption 16 5 Research Methodology 18 6 Time Scale / Gantt Chart 19 7 References 20 Figure 1 4 Figure 2 (KMG, 2012) 5 Figure 3 (BP, 2012) 5 Figure 4 (European Dialogue, 2012) 6 Figure 5 (BP, 2012) 6 Figure 6 (CIA, 2012) 8 Figure 7 (Centre for Global Energy Studies, 2012) 9 Figure 8 (Centre for Global Energy Studies, 2012) 9 Figure 9 (The Agency of Statistics of the Republic of Kazakhstan, 2012) 10 Figure 10 (S. Arkhipov., W. Brennan., G. Elfond., N. Lv., A. Omarova., 2010) 12 Figure 11 (BP, 2012) 14 Figure 12 (BP, 2012) 14 Figure 13 (BP, 2012) 15 Figure 14 (BP, 2012) 15 Figure 15 (EIA, 2012) 15 Figure 16 17 Figure 17 18 Introduction Country Profile Kazakhstan is a country, located in Central Asia. It is the largest landlocked...
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...FOREIGN DIRECT INVESTMENT IN KAZAKHSTAN By Toxeitov Nurlan THESIS Submitted to KDI School of Public Policy and Management in partial fulfillment of the requirements for the degree of MASTER OF PUBLIC POLICY 2004 FOREIGN DIRECT INVESTMENT IN KAZAKHSTAN By Toxeitov Nurlan THESIS Submitted to KDI School of Public Policy and Management in partial fulfillment of the requirements for the degree of MASTER OF PUBLIC POLICY 2004 Professor Tony Michell 2 TABLE OF CONTENTS LIST OF TABLES .......................................................................................................(iii) LIST OF ABBREVIATIONS ......................................................................................(v) INTRODUCTION ........................................................................................................(vi) CHAPTER I. INVESTMENT AND THEIR PLACE IN ECONOMIC SYSTEM §1 §2 Definition of investments and their classification ................................................4 Foreign direct investments as the catalyst of economic growth (on an example of the various countries) ..............................................................7 §3 The international investment activity and her institutes .....................................16 CHAPTER II. INVESTMENT CLIMATE IN KAZAKHSTAN §1 §2 §3 §4 Appeal of economy of Kazakhstan to foreign investors .....................................22 Fixed capital investment in Kazakhstan by region ...................
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...and gas industry of Kazakhstan is the largest and most dynamic industry, which provides a stable increase in crude oil and natural gas. In the Kazakhstan sector of the Caspian Sea, there is continuing evaluation of public oil and gas fields with large reserves of hydrocarbons. Potential hydrocarbon of the Republic of Kazakhstan is estimated sufficiently significant in the total world reserves. Kazakhstan holds big hydrocarbon reserves, including potentially the second largest oil reserves in the world (US Energy Information Administration). According to official data from the Ministry of Oil and Gas of Republic of Kazakhstan, confirmed hydrocarbon reserves, both onshore and offshore, are estimated to be 4.8 billion tons or more than 35 billion barrels for 2012. Kazakhstan possesses unique geographical features that lead the country’s oil and gas cluster to be spread throughout the entire country, instead of one specific geographical area. Around 70% of Kazakhstan’s oil and gas reserves, both onshore and offshore, are concentrated in Western Kazakhstan around the city of Atyrau. Some oil reserves are also located in Southern Kazakhstan but the prospects for new discoveries there are not very promising (US-Kazakhstan Business Association). The majority of hydrocarbon reserves are located in the oil- and gas-rich regions of Kashagan, Tengiz and Karachaganak. The discovery of the Kashagan Field in 2000 is considered to be the largest oil field discovery in the last 30...
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...Position of Kazakhstan in International Trade and Business Student’s name Institutional affiliation Analysis of macroeconomic situation in Kazakhstan 1 Macroeconomic trends Kazakhstan is one of the richest economies in Asia. It is also the second largest of the former Soviet Republics after Russia. The economy has enormous fossil fuel reserves and plentiful supplies of minerals (Francis, 2011). There are different metals available in the economy including uranium, zinc, and copper. Some like uranium are exported to almost all parts of the globe. The economy was ranked 11th out 42 countries in the Asia-pacific region. The overall score of the economy is also above world and regional averages. The GDP of the economy grew from 78,014,200 in 1995 to 147,453,000 in 2005 (Aitzhanova, et al. 2014). The dollar exchange rate has been well managed through a sound monetary policy that has been adopted. The country has been faced with inflation challenges. In 2001, the inflation rate was very high because of strong foreign-currency inflows (Ibrayev, Badjanov & Li, 2014). However, the economy survived the pressure, and surprisingly it is one of the first former soviet republic that has repaid all debts to the international monetary fund in 2000 (Datkhayev, 2013). The country paid $400 million ahead of the schedule. From then, the economy has been able to limit its foreign debt within manageable levels. [pic] Figure 1: Kazakhstan GDP in billion USD retrieved from...
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...successes and failures Generally it is assumed that Russian foreign policy in Central Asia has been characterized by “neo-imperialism”. Yet this is statement is only partially true considering the fact that Moscow’s policies within its “sphere of influence” have not be static, and have been characterized by sweeping modifications. Since the breakup of Soviet Union, Russian policy in Central Asia has gone through drastic transformations and its influence in the region has varied over time. At present, Russian authority in Central Asia is weakening, yet the Kremlin continues to utilize number of political, institutional and economic strategies to prolong its presence there. Multilateral as well as Bilateral arrangements, and economic and energy leverages combined with cultural instructions are widely implemented in order to maintain Russian influence in Central Asia. Considering the fact that states in the region most importantly though not solely Kazakhstan, have begun to search for diversification and partnership with other great powers, they have gained a certain degree of independence from Moscow. Besides, in recent years China has emerged in Central Asia as an important rival to Russia in terms of influence, and has already established multiple agreements and investments with all of the states in the region. The degree of independence that Central Asian states have managed to gain due to their conviction to act separately from Moscow and to grab Western opportunities, as well...
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...BANG COLLEGE OF BUSINESS Department of Management and Marketing Spring 2013 Strategy and Business Policy (Section 1) MGT 4201 Assignment (Group project) Activ Company Faculty: Monowar Mahmood, Ph D Group members: Table of Content 1. Introduction………………………………………………………………………………2 2. External Analysis: Macro-environmental- PESTLE……………………………………..3 3. External Analysis: Industry Analysis - Porter’s Five Forces…………………………….9 4. Internal Analysis: SWOT analysis……………………………………………………...11 5. Internal / Organization Analysis (VRINE/VIRO analysis)……………………………..13 6. Internal / Organization Analysis (Value Chain)………………………………………...16 7. Recommendation (Corporate Strategy)…………………………………………………17 8. Recommendation (Business Strategy)…………………………………………………..21 9. Recommendation (Functional Strategy)………………………………………………...23 10. Conclusion …………………………………………………………..………………….26 11. References………………………………………………………………………………28 Introduction The Company of Activ which is now known under the trade mark of Kcell in Kazakhstan is one of the three licensed GSM mobile network operators in Kazakhstan. Beeline and Tele2 are the other license holders. It is operated by GSM Kazakhstan Ltd under Kcell, Activ and Vegaline trademarks. The company was established in 1998 and since February 1999 it began rendering services of cellular communication. Activ brand was launched in September the same year. Today the Company's subscriber data base exceeds...
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...STUDENT´S FIRST NAME AND SURNAME: Ilzat Mamut STUDENT´S ID NUMBER: 20141736 MIDTERM DATE: 05.04.2016 INSTRUCTIONS: Sergey Sayapin ▪ The midterm assignment consists of a case study with six open-ended questions. ▪ The maximum score for each open-ended question is 5 (five) points. ▪ The maximum score for this midterm assignment is 30 (thirty) points. ▪ Your answers to open-ended questions must be limited to 1 (one) typewritten page each. ▪ The deadline for submitting this midterm assignment (by e-mail: s.sayapin@kimep.kz) is Tuesday, 5 April 2016. Good luck! ( Case study: Wellsidia was admitted to the United Nations on 2 March 2016, and is now considering applying for membership in the World Trade Organisation (WTO). It has established diplomatic relations, inter alia, with the Republic of Kazakhstan. Meanwhile, Zedia is unhappy about seemingly progressive developments in Wellsidia, and wishes to place Wellsidia under its control. In particular, Zedia repeatedly alleges in various international fora that Wellsidia is oppressing ethnic Zedians, inter alia, as far as their freedom of conscience, housing and labour rights are concerned. Several cases of Zedians having been fired from work and expelled from their houses have been reported, and a Zedian temple was attacked by unknown people in late February 2016. Wellsidia consistently responds that ethnic Zedians resident in its territory are now nationals of Wellsidia, and the State...
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...Course: Academic writing Semester: Fall 2014 Academic Paper EU EXPANSION: Accession of Turkey and its potential impact on the atmosphere within the EU Rauf Asadullayev Instructor: Christopher Weilage Munich, Germany, 2014 Table of contents 1.Introduction………………………………………….…………………………3 2. The Association agreement…………………………………………….……..4 3. The Ankara Agreement………………….…………………………………...6 4. Customs Union………………………………………………………………..7 5. Turkish government and the accession of Cyprus in the EU………………8 5.1 Turkey’s short term economic effect on the EU…………………………..9 5.2 Turkey’s territorial advantages for the EU……………………………….10 5.3 Religion and culture in Turkey…………………………………………….11 5.4 Food in Turkey and its safety- Security and the EU……...………………12 6. Impact of EU’s democratic standards to Turkey…………………………..13 7. Conclusion…………………………………………………………………….16 Index of Abbreviations BTC- Baku Tbilisi Ceyhan EEC- European Economic Community EU-European Union EC- European Council EP- European Parliament FAO- Food and agriculture organization SEES-Southeastern European states Introduction Europe - the cradle of human civilization, boiling pot full of many various nationalities, cultures and languages. Geographical borders within and outside of the Europe have changed every time when a new Empires began to flourish. Even now, in the 21st century borders of EU are not defined clearly. Should the Borders be...
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...Between Sentiment and Self-Interest: Turkey's Policy toward Azerbaijan and the Central Asian States Author(s): Philip Robins Reviewed work(s): Source: Middle East Journal, Vol. 47, No. 4 (Autumn, 1993), pp. 593-610 Published by: Middle East Institute Stable URL: http://www.jstor.org/stable/4328631 . Accessed: 14/11/2012 11:59 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. . Middle East Institute is collaborating with JSTOR to digitize, preserve and extend access to Middle East Journal. http://www.jstor.org This content downloaded by the authorized user from 192.168.72.230 on Wed, 14 Nov 2012 11:59:35 AM All use subject to JSTOR Terms and Conditions BETWEEN SENTIMENTAND SELF-INTEREST:TURKEY'S POLICY TOWARDAZERBAIJANAND THE CENTRALASIAN STATES Philip Robins HEN the new republics of CentralAsia and Azerbaijanbegan declaring theirindependencefromMoscow nearthe end of 1991,there was greatexcitement in certain Western circles about Turkey'sfuturerole in their development. Their bond was frequently mentioned, and...
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...Germany has decided to phase out its all the nuclear plants by 2022. This decision, prompted by Japan’s Fukushima nuclear disaster, will make Germany the first major industrialized nation to go nuclear-free. Germany (Europe’s largest economy) is determined to replace its nuclear power with renewable energy resources. . Swiss parliament has approved amendments to tax treaties with other countries, including India. This makes easier access for India, to collect information about the illegal funds held by the Indian nationals in Swiss private banks. The Swiss parliament endorsed amendments to double-taxation agreements (DTAAs) in line with internationally applicable standards. The beneficiaries from the new amendments include India, Germany, Canada, Japan, the Netherlands, Greece, Turkey, Uruguay, Kazakhstan, and Poland. French Nationals to Sue Sarkozy over Crimes in Libya Two French lawyers have said that they are planning to sue French President Nicolas Sarkozy against the Humanity crimes over the military campaign in Libya that was led by NATO. Jacques Verges and Roland Dumas two of the French lawyers have decided to represent the families of the victims during the military campaign. Constitution (15th Amendment) Bill, 2011 passed in Bangladesh The Parliament of Bangladesh, the Jatiyo Sangsad, passed the Constitution (15th Amendment) Bill, 2011 on 30 June 2011 to amend its constitution under which the caretaker government system for holding general elections was scrapped...
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...MarketLine Case Study Glencore & Xstrata Creating the fourth largest global mining company Reference Code: ML00007-065 Publication Date: January 2013 WWW.MARKETLINE.COM MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED GLENCORE & XSTRATA: CREATING THE FOURTH LARGEST GLOBAL MINING COMPANY © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED ML00007-065 /Published 01/2013 Page | 1 OVERVIEW Catalyst Glencore International, a commodity trading giant, is seeking to merge with diversified mining company Xstrata. The move was announced in February 2012 with the proposal accepted by shareholders in November 2012. The deal is worth $31bn and would create the fourth largest mining company in the world behind the top three of BHP Billiton, Vale, and Rio Tinto. The company would also possess leading positions in other commodities in power generation and agricultural products. Summary Glencore is a company which operates in commodity markets, including mining. The company engages in both industrial activity and marketing, which allows it to safeguard against volatilities in an individual market. Further, by engaging in marketing, the company is able to adapt more effectively to adverse conditions. Glencore has demonstrated value creation in its acquisitions, with notable acquisitions including Kazzinc and Viterra. The company’s size also now allows it to negotiate big contracts, as it did with Rusal. Glencore was...
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...performance management tools. BSC is a system of measuring the effectiveness of the entire company, based on a vision and strategy that reflects the most important aspects of the business. It supports strategic planning, implementation, and further adjustments to the strategy by combining the efforts of all departments. It was first introduced in 1990s and became a very popular worldwide. Despite this popularity, little is known about which organizations use Balanced Scorecard, what they use it for, and how useful it is in practice. BSC implementation in Kazakhstan is under a big concern of local top managers. In this report we are trying to answer the practical questions of BSC’s usage by Kazakhstani companies, its limitations as well as opportunities for its successful maintenance in Kazakhstan. Benefits and limitations of Balanced Scorecard Throughout the report we will pay attention to the BSC’s benefits and the opportunities it bring to the companies. In fact, the BSC approach makes the companies in most cases change the focus of its business by directing business towards meeting key customer needs. Besides this BSC system has the following advantages: * provides a complete picture and of the business for a top management of an enterprise; * allows to prevent the emergence of critical situations; *...
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...│ CREDIT RESEARCH │ Wednesday │ 20 September │ 2006 Summary Financials (USD mn) 2003 Sales Gross Profit EBITDA Net Profit Fin Debt Equity Operating CF Free CF 160.3 32.8 14.8 8.4 9.7 43.4 12.3 (2.9) 2004 204.7 69.2 47.4 29.9 16.9 82.4 7.7 (11.3) 2005 249.7 82.8 52.1 30.9 50.7 96.3 21.1 2006E 279.6 94.0 61.0 34.8 153.9 129.2 45.4 No. 1 in the Russian ball bearing industry European Bearing Corporation (EBC) controls 37% of the Russian ball bearing market. EBC operates five ball bearing plants in Russia and one in Kazakhstan and produces more than 2,700 types of ball bearings for more than 500 customers. EBC controls 98% of Russia’s high-precision (aviation) ball bearing market and 95% of the railroad ball bearing market. These two business segments accounted for 65% of EBC’s revenues in 2005. Long-term relationship with Russian Railroads The company has a supply contract worth USD560 mn with Russian Railroads that secures EBC average annual revenue of USD100 mn to 2010. (23.2) 19.3 Source: Company data 2004 34% 23% 15% 0.4 35.0 2005 33% 21% 12% 0.9 13.7 Ratios 2003 Gross Margin EBITDA Margin Net Margin Debt/EBITDA EBITDA/Int. Expense Financial Debt/Equity 20% 9% 5% 0.7 22.8 0.22 Solid financial standing, moderate leverage In 2005, EBC reported revenues of USD250mn, up 22% y-o-y. EBITDA margin stood at 21%, while the debt/EBITDA ratio was only 0.9. Factoring in the planned CLN issue, debt/EBITDA should not exceed 2.5 at year-end 2006, and gradually decline...
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