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  1. Main
  2. Economy

Economy

LUKOIL sells 50% in Caspian Investment Resources Ltd with assets in Kazakhstan to China’s Sinopec LUKOIL sells 50% in Caspian Investment Resources Ltd with assets in Kazakhstan to China’s Sinopec According to Vagit Alekperov, LUKOIL head, the company plans to redirect funds into geological exploration, including in the Kazakhstan’s part of the Caspian Sea.
16 April 2014
China bank loans surge in March: central bank China bank loans surge in March: central bank China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.
16 April 2014
Samruk-Kazyna Head on forthcoming IPOs and privatization plans Samruk-Kazyna Head on forthcoming IPOs and privatization plans According to him, plans are there to offer shares in 103 companies belonging to Samruk-Kazyna in 2014-2016.
15 April 2014
$1.3 billion to finance Toxic Assets Fund of Kazakhstan $1.3 billion to finance Toxic Assets Fund of Kazakhstan The vehicle will be buying out toxic assets from the country’s banks. Regulating rules will be formulated by July 1, 2014.
15 April 2014
Kazakhstan bank assets to reach 80% of GDP by 2020 Kazakhstan bank assets to reach 80% of GDP by 2020 According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.
15 April 2014
Citigroup cuts 200-300 jobs Citigroup cuts 200-300 jobs US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
15 April 2014
Air Astana dropped from EU's grey list Air Astana dropped from EU's grey list Air Astana left the European Commission’s "grey list" and can now increase the number of flights to the European Union countries.
14 April 2014
$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 $2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015: Minister of Economic Affairs.
14 April 2014
Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan Talks will be held with other oil producers to boost crude production and exports by at least 1.5 million tons at other oilfields: Minister of Economic Affairs.
14 April 2014
TENGRI LIFE
TENGRI TRAVEL
US launches probe into weight loss company Herbalife US launches probe into weight loss company Herbalife US authorities have opened a criminal probe into the nutrition and weight loss company Herbalife Ltd., according to media reports Saturday.
13 April 2014
Chevron, YPF ramp up Argentina shale investment Chevron, YPF ramp up Argentina shale investment US oil giant Chevron and state-controlled YPF unveiled plans Thursday to spend another $1.6 billion to develop Argentina's Vaca Muerta shale formation for oil and gas projects.
12 April 2014
Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank Central Bank approves Bulat Utemuratov's purchase of Alliance Bank and Temirbank Kazakhstan businessman Bulat Utemuratov has received a permission from the Central bank to finalize his purchase of Alliance Bank and Temirbank.
11 April 2014
President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.
11 April 2014
Government should teach Kazakhstan’s citizens to pay off loans: President Nazarbayev Government should teach Kazakhstan’s citizens to pay off loans: President Nazarbayev President is confident that excessive support to businesses on the part of the Government hampers businesses from developing.
11 April 2014
People in Astana don't like new apartments? People in Astana don't like new apartments? Astana folks abstain from buying apartments in new buildings.
11 April 2014
Toyota permits Kazakhstani retailers to use its trademark Toyota permits Kazakhstani retailers to use its trademark Kazakhstani sellers of car spare parts have finally been permitted to use Toyota trademark on they advertisement banners and leaflets.
11 April 2014
German inflation hits three-year low in March German inflation hits three-year low in March The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.
11 April 2014
Marks & Spencer reports rising Q4 sales Marks & Spencer reports rising Q4 sales British high street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division.
11 April 2014
Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.
09 April 2014
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