Baltics most vulnerable to Russia food sanctions: EBRD Lithuania and fellow Baltic states Estonia and Latvia are the countries most vulnerable to a Russian block on EU food exports.
11 September 2014
Kazakhstan-based banks obliged to keep equity capital inside the country According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
11 September 2014
Kazakhstan people keep $18 billion at home: Central Bank Governor Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.
10 September 2014
Merkel 'proud' of budget, insists on rigour in EU Angela Merkel voiced pride in her country's strong budget and called on EU states "finally" to respect joint fiscal rules.
10 September 2014
Ferrari head Montezemolo leaves top job: Fiat statement The president of the Italian Ferrari luxury sports car company, Luca Cordero di Montezemolo, announced he was stepping down on October 13.
10 September 2014
Transition to gas pumps in Kazakhstan complilcated, gasoline deficit remains One of the possible ways to address the recurring gasoline deficit in Kazakhstan is transitioning to gas from petrol and gasoline products. This is easier to say than to do, however.
09 September 2014
Standard & Poor`s on tenfold obligatory increase in Kazakhstan-based banks’ capital net worth As of July 1, 2014, 33 out of 38 Kazakhstan-based banks are short of the standard to be introduced in 2019.
09 September 2014
Kazakh farmers face stringent loan terms, development of agribusiness inhibited There are several financial constraints for achieving development of Kazakhstan's agriculture, experts say. Alleviating these is necessary to boost the industry and make Kazakhstan-made products competitive internationally.
07 September 2014
Russian Polymetal to invest $640 million into Kazakhstani Kyzyl gold mine Russian gold mining company Polymetal plans to invest up to $640 million into Kazakhstani gold mine Kyzyl.
06 September 2014
Share of SMEs in Kazakhstan's GDP stagnant for 7 years The share of small and medium-sized enterprises (SMEs) in Kazakhstan’s GPD has not exceeded the threshold of 20% over the past seven years.
05 September 2014
EU pressed to up aid to farmers hit by Russia sanctions The European Parliament ratcheted up the pressure on the European Union to increase support for farmers hit by a Russian ban on food.
05 September 2014
Kazakhstan’s Central Bank Governor on national currency appreciation The Governor doesn’t rule out the USD exchange rate could further go down to 170 tenge per $1 as compared to the current 183 tenge per $1.
04 September 2014
Europe farmers 'not to get full Russian sanction compensation' Germany's agriculture minister warned that European farmers hit by a Russian import ban would not receive full compensation.
03 September 2014
IMF warns Ukraine may need extra $19 bn in help The International Monetary Fund warned that economically-devastated Ukraine may need an extra $19 billion (14.5 billion euros) in assistance
03 September 2014
Kazakh researcher develops super large-capacity battery Dr Zhumabay Bakenov, a professor at Kazakhstan's Nazarbayev University, has developed a lithium-sulfur battery with 10-fold regular capacity.
02 September 2014
Kazakhstan’s Energy Minister suggests carpooling to save on petrol If there is a possibility, you’d better not commute to work driving a gas-guzzling SUV: Vladimir Shkolnik.
02 September 2014
Draghi 'supports' France's call to boost European demand French President and the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation.
02 September 2014
Additional gas to be imported from Russia: KazMunaiGas Onimderi KazMunaiGaz will import addition AI-92 gas from Russia to Kazakhstan.
01 September 2014
Heineken says selling Mexican packaging business for $1.2 bn Dutch brewing giant Heineken on Monday announced selling Mexican-based packaging business Empaque to US-based Crown Holdings.
01 September 2014
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