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
Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov
Head of Kazakhstan National Bank Kairat Kelimbetov spoke about the stages of development of Islamic finance in Kazakhstan.
05 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
