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Economy

pension fund news Kazakhstan Kazakh strike mine Kazakhmys village
Kazakhstan may consider a single state-owned pension fund under foreign management Kazakhstan may consider a single state-owned pension fund under foreign management According to an unidentified source, the suggestion of launching a single state-owned pension fund was put forward by the World Bank.
07 May 2012
Industrial action at Kazakhmys mines is over Industrial action at Kazakhmys mines is over In case production targets are met the miners will be paid a salary of $2700 and up: Chairman of the Board Eduard Ogai.
07 May 2012
KMG mulls relocation of two villages in Atyrau oblast for $36 million KMG mulls relocation of two villages in Atyrau oblast for $36 million KazMunaiGas EP is considering allocation of 5.4 billion tenge for relocation of the citizens of Baishonas and Yeskene in Atyrau oblast.
04 May 2012
Road surveillance cameras generate good budget revenues in Kazakhstan Road surveillance cameras generate good budget revenues in Kazakhstan Video cameras installed at road posts in Kazakhstan are generating good revenues for the country.
04 May 2012
Kazakhstan and South Korea sign an MoU to construct a Caspian shipyard Kazakhstan and South Korea sign an MoU to construct a Caspian shipyard The MoU was signed on the sidelines of the KADEX-2012 international weaponry exhibition in Astana by Kazakhstan Engineering and STX Offshore & Shipbuilding Co., Ltd.
04 May 2012
Kazakhstan’s PM pledges incentives for Hungarian investors Kazakhstan’s PM pledges incentives for Hungarian investors Kazakhstan and Hungary reached the peak in the trade relations in 2008 when the trade turnover exceeded $1.5 billion.
04 May 2012
Customs Union may launch a common currency in 10-12 years: Central Bank Governor Customs Union may launch a common currency in 10-12 years: Central Bank Governor According to him, it will take time for the Customs Union member states to work out common rules of the game.
04 May 2012
BTA Bank files debt restructuring plan to Almaty court BTA Bank files debt restructuring plan to Almaty court BTA Bank has presented a plan of debts restructuring to Almaty court.
03 May 2012
Kazakhstani-Japanese JV SARECO to produce rare and rare earth metals in H2 2012 Kazakhstani-Japanese JV SARECO to produce rare and rare earth metals in H2 2012 The shareholders are considering a feasibility study and are about to define parameters to expand the project: Vice Head of KazAtomProm.
03 May 2012
TENGRI LIFE
TENGRI TRAVEL
Central Bank Governor Gregory Marchenko in favor of raising retirement age for women Central Bank Governor Gregory Marchenko in favor of raising retirement age for women In an interview for KazTag Agency early March Gregory Marchenko said that “raising the retirement age for women up to 63 y.o. is an issue of gender equality.
02 May 2012
Japan interested in rare earth projects with Kazakhstan: Japan’s Minister of Economy, Trade and Industry Japan interested in rare earth projects with Kazakhstan: Japan’s Minister of Economy, Trade and Industry According to him, Japan could be very helpful to ensure effective production [of rare earths] as we do possess high technology.
02 May 2012
Kazakhstan in talks with Russia on decreased gas supplies to launch a gas processing facility of its own Kazakhstan in talks with Russia on decreased gas supplies to launch a gas processing facility of its own Kazakhstan plans a gas processing facility of its own in the West of the country to process gas from Karachaganak oil and gas field.
02 May 2012
Kazakhstan and Japan considering protection of mutual investments Kazakhstan and Japan considering protection of mutual investments Minister of Industry and Trade Asset Issekeshev met Japan Minister of Economy, Trade and Industry Yukio Edano.
02 May 2012
Central Bank Governor does not rule out the key rate may be further slashed in May Central Bank Governor does not rule out the key rate may be further slashed in May Earlier the Bank decided to set the key rate at 6.5% starting from April 1, which is the lowest rate ever.
28 April 2012
Stressed Assets Fund to buy out bad loans from banks starting from May Stressed Assets Fund to buy out bad loans from banks starting from May The vehicle will be used to buy out bad loans not related to the real estate market: Central Bank Governor.
28 April 2012
KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.
28 April 2012
Kazakhmys sold gold worth $115 million to Kazakhstan National Bank Kazakhmys sold gold worth $115 million to Kazakhstan National Bank Kazakhmys corporation sold gold worth $115 million to Kazakhstan National Bank in the first quarter of 2012.
27 April 2012
Nazarbayev wants to increase oil production Nazarbayev wants to increase oil production Nursultan Nazarbayev met with top managers of Chevron.
26 April 2012
Oil refineries will not be suspended during the modernization: Oil and Gas Minister Oil refineries will not be suspended during the modernization: Oil and Gas Minister The Minister elaborated that in 2020 the Ministry plans to start constructing a 4th oil refinery given the projected demand in 2025.
26 April 2012
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