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Kaspi Bank depositors withdraw $212 million in a bank run The withdrawal amount stands at 10% of the deposit: Bank’s CEO Michael Lomtadze.

20 February 2014

Facebook bets big on mobile with $19 bn WhatsApp deal Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp.

20 February 2014

$1 billion to support small and middle-sized businesses in Kazakhstan February 14 Kazakhstan’s President Nursultan Nazarbayev instructed his Cabinet to allocate $5.4 billion out of the National Oil Fund [accumulating oil windfall revenues] in 2014-2015 as “long money” for the country’s economy.

20 February 2014

Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits Through the decision to raise the interest rate you could rehabilitate yourself at least a bit. The people believed you and you ditched them: Senator Svetlana Dzhalmagambetov.

20 February 2014

Winkdex: Winklevosses make their own Bitcoin index Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.

20 February 2014

Banks can't hold SMS-misinformers liable: lawyer Banks won't be able to bring the ones who were distributing misinformation about bankruptcy of 3 Kazakhstan banks to criminal liability.

19 February 2014

Australia urges G20 to commit to faster growth targets Australian Treasurer Joe Hockey said Wednesday it was "hugely important" that G20 leaders agree to faster global growth targets when they meet in Sydney this weekend.

19 February 2014

Kazakhstan poised to decrease prime cost of meat Kazakhstan intends to decrease the prime cost of the meat it produces by 100-150 tenge ($0.60-0.80).

18 February 2014

Central Bank Governor refutes rumors of banks bankruptcies Misleading wave of sms in the country resulted in deposit run.

18 February 2014

TENGRI LIFE

TENGRI TRAVEL

InterContinental hotels reports profit plunge, blames tax InterContinental Hotels Group, the world's largest hotel operator by number of rooms, said on Tuesday that annual net profit plunged owing to increased tax charges.

18 February 2014

EU, US reps meet ahead of free-trade talks US Trade Ambassador Michael Froman received his European counterpart Karel De Gucht in Washington Monday, preparing for next month's fourth round of talks on creating the world's largest free-trade area.

18 February 2014

ArcelorMittal Temirtau denies job cuts ArcelorMittal Temirtau has denied nurturing plans to lay off its employees.

17 February 2014

Kenes Rakishev, new chairman of BTA Bank Board of Directors Kazakhstan businessman Kenes Rakishev has become the new chairman of Kazakhstan-based BTA Bank's Board of Directors.

17 February 2014

ArcelorMittal Temirtau to start axing 2500 workers in spring 2014 ArcelorMittal Temirtau is going to start dismissing 2500 workers of its metallurgical plant in spring 2014: HR Director Andrzej Wypych.

17 February 2014

Single Pension Fund ensures safety of pension savings Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.

17 February 2014

Kazakhstan intends to increase salaries and allowances Salaries of civil employees working in public institutions and social allowances will be increased in Kazakhstan from April 1, 2014.

16 February 2014

Possible inflation risks: National Bank In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

15 February 2014

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

14 February 2014

Japan's Rakuten paying $900 mn for Cypriot app-maker Rakuten, Japan's largest online shopping mall operator, said Friday it would buy Cyprus-based application maker Viber Media for $900 million, as its expands an overseas empire that includes Canadian e-reader company Kobo.

14 February 2014