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Economy

news finance eurozone Europe economy Cyprus Switzerland report
Eurozone says ditch Cyprus tax grab on smallest accounts Eurozone says ditch Cyprus tax grab on smallest accounts The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.
19 March 2013
International lending shows smallest growth in 13 years: BIS International lending shows smallest growth in 13 years: BIS Cross-border lending saw its smallest growth in 13 years in the third quarter of 2012, according to a report published Sunday by the Bank for International Settlements (BIS).
19 March 2013
Kazakhstan citizen recieves $25 thousand from VKontakte founder Kazakhstan citizen recieves $25 thousand from VKontakte founder Kazakhstan citizen Aleksander Kim has received one of 12 grants from the founder of VKontakte social network Pavel Durov and the founder of DST fund Yuriy Milner for his start-up.
18 March 2013
Kazakhstan in talks with McDonald's Kazakhstan in talks with McDonald's McDonald’s may enter the Kazakhstan market soon.
18 March 2013
Airbus to sign mega A320 order from Asian carrier Lion Air Airbus to sign mega A320 order from Asian carrier Lion Air European aerospace giant Airbus will sign Monday what would mark one of its biggest orders ever from Indonesia's Lion Air for more than 200 A320 medium-haul jets.
18 March 2013
Panasonic to shrink TV business, exit plasma: report Panasonic to shrink TV business, exit plasma: report Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays.
18 March 2013
Eurogroup approves Ireland, Portugal debt extension Eurogroup approves Ireland, Portugal debt extension Eurozone finance ministers approved early Saturday plans to give bailed-out Ireland and Portugal more time to pay back some of their massive rescue loans.
18 March 2013
Bloggers expose lavish lifestyles of Putin loyalists Bloggers expose lavish lifestyles of Putin loyalists Bloggers who oppose Russian President Vladimir Putin are targeting top lawmakers loyal to the Kremlin with scandalous revelations about their luxury lifestyles.
16 March 2013
Philippines bets on joining gaming elite with mega casino Philippines bets on joining gaming elite with mega casino The Philippines was set to open a $1.2 billion giant casino on Saturday in a high-stakes bid to join the world's elite gaming destinations.
16 March 2013
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KazMunaiGas EP 2012 net profit 23% less than 2011 KazMunaiGas EP 2012 net profit 23% less than 2011 Kazakhstan's KazMunaiGas Exploration&Production has published its consolidated financial reports for 2012, net profit 23% less.
16 March 2013
Developing world's rise heralds global shift: UN Developing world's rise heralds global shift: UN The developing world's rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe's wealthiest nations.
16 March 2013
Almaty citizens owe $10 billion to banks Almaty citizens owe $10 billion to banks 63 percent of all the loans in Kazakhstan are concentrated in Almaty; overdue loans exceed $10 billion.
15 March 2013
IMF calls for 'urgent action' to boost Palestinian economy IMF calls for 'urgent action' to boost Palestinian economy The International Monetary Fund (IMF) Thursday called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.
15 March 2013
Samsung shares fall after Galaxy S4 release Samsung shares fall after Galaxy S4 release Shares in Samsung Electronics fell 1.7 percent in early trade in Seoul on Friday, hours after the launch of the company's latest flagship smartphone in New York City.
15 March 2013
Decision on purchasing СonocoPhillips’s stake in Kashagan to be taken before May 25 Decision on purchasing СonocoPhillips’s stake in Kashagan to be taken before May 25 According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
15 March 2013
Talks under way with new partners over Abai oil block Talks under way with new partners over Abai oil block Earlier the country’s media reported that Norway’s Statoil was leaving the project following the 7 years of failing talks to start production.
14 March 2013
In April 2013 Kazakhstan to launch education savings plans In April 2013 Kazakhstan to launch education savings plans Halyk Bank, Kazkommertsbank and Temir bank are among the first banks to participate in the state-run program.
14 March 2013
China Everbright to relaunch Hong Kong IPO plans China Everbright to relaunch Hong Kong IPO plans China Everbright Bank, a mid-sized lender, said Wednesday it would relaunch plans to list shares in Hong Kong, after earlier aborted attempts at an overseas stock offer.
14 March 2013
Kazakhstan Parliament adopts agreement on Russian oil supplies to Pavlodar refinery Kazakhstan Parliament adopts agreement on Russian oil supplies to Pavlodar refinery Pavlodar refinery in Kazakhstan will be getting guaranteed oil supplies from Russia.
13 March 2013
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