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Economy

news National Bank Marchenko Kazakhstan Kazakh inflation
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
Wheat harvest may go down one third in Kazakhstan Wheat harvest may go down one third in Kazakhstan Wheat harvest in Ukraine may be 37 percent less than last year in 2012, and a 36 percent drop in Kazakhstan's harvest is expected as well.
26 April 2012
Every fourth Kazakhstan citizen positive about entering WTO Every fourth Kazakhstan citizen positive about entering WTO Every fourth Kazakhstan citizen is positive about the prospect of entering the World Trade Organization: poll.
26 April 2012
Kazakhstan needs foreign technology, rather than foreign investments: President Nazarbayev Kazakhstan needs foreign technology, rather than foreign investments: President Nazarbayev According to him, “We don’t need foreign investments so desperately today. We are injecting our own money”.
26 April 2012
TENGRI LIFE
TENGRI TRAVEL
Kazakhstan’s 2011 trade turnover with the EU stands at $50 billion Kazakhstan’s 2011 trade turnover with the EU stands at $50 billion According to President Nazarbayev, currently a key issue for Kazakhstan is a new agreement on expanded partnership.
25 April 2012
Kazakhstan finalizes deal to sell 75% in Balkhash thermal power plant to South Korea investors Kazakhstan finalizes deal to sell 75% in Balkhash thermal power plant to South Korea investors The initial agreement on the sale of shares was signed March 27, 2012 on President Nazarbayev’s working visit to Seoul.
25 April 2012
Education campaign launched to raise people’s awareness of People’s IPO Education campaign launched to raise people’s awareness of People’s IPO 660 lecturers are being currently trained to conduct workshops for common people across Kazakhstan after May 11.
25 April 2012
Foreigners can pump $20 billion out of Kazakh oil fields Foreigners can pump $20 billion out of Kazakh oil fields Foreign professionals will be able to earn $15-20 billion in 7-9 years working on development of major oil fields of Kazakhstan.
24 April 2012
Kazakhgold assets being sold Kazakhgold assets being sold Polyus Gold International has put up Kazakhgold assets on sale.
24 April 2012
BTA Bank suspends payments on bonds BTA Bank suspends payments on bonds BTA Bank announced suspension of all payments in relation to its restoration bonds.
24 April 2012
Estonia offers milk to Kazakhstan Estonia offers milk to Kazakhstan Minister of Agriculture of Estonia, Helir-Valdor Seeder, is going to increase export of Estonian milk products to Kazakhstan.
24 April 2012
Ablyazov was siphoning off money of Russian AMT Bank to U.S. via Kazakhstan Ablyazov was siphoning off money of Russian AMT Bank to U.S. via Kazakhstan Ex-chairman of BTA Bank Mukhtar Ablyazov was siphoning off the funds of Russian AMT Bank to the U.S. via Kazakhstan.
24 April 2012
KazAtomProm Head reports to President Nazarbayev on the Company’s performance KazAtomProm Head reports to President Nazarbayev on the Company’s performance In January – March the Company produced a total of 2 600 tons of uranium, 4% up against the Q1 2011.
23 April 2012
Kazakhstan residents polled on acceptable prices of AI-92 petrol Kazakhstan residents polled on acceptable prices of AI-92 petrol 59.7 percent of Kazakhstan residents think that the price of the most popular AI-92 petrol should not exceed 106 tenge per liter.
20 April 2012
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