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Economy

Tenge news National Bank Kazakhstan Kazakh Central Bank United States
Central Bank Governor refutes rumors of banks bankruptcies Central Bank Governor refutes rumors of banks bankruptcies Misleading wave of sms in the country resulted in deposit run.
18 February 2014
Three large-scaled banks claim there is an information campaign against them Three large-scaled banks claim there is an information campaign against them Kaspi bank today has announced a reward of $500 000 “for those able to spot the initiators of the misleading SMS campaign”.
18 February 2014
InterContinental hotels reports profit plunge, blames tax 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 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 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 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 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 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 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
TENGRI LIFE
TENGRI TRAVEL
Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev Icon 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 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
President Nazarbayev opposes state support to failing banks and companies President Nazarbayev opposes state support to failing banks and companies According to him, “We are a market economy. In a market economy thousands of businesses go out of business every year”.
14 February 2014
President Nazarbayev on NPLs President Nazarbayev on NPLs As of December 1, 2013 NPLs stood at 31.4% of the overall banks’ portfolio, 19.7% up against the start of 2013.
14 February 2014
Kazakhstan’s President Nursultan Nazarbayev furious over People’s IPO delays Kazakhstan’s President Nursultan Nazarbayev furious over People’s IPO delays I commission the Central Bank and the Government to come up with a clear vision of the country’s pension system and the national securities market before June 1, 2014: President Nazarbayev.
14 February 2014
PS4 tops list as US videogame console sales climb PS4 tops list as US videogame console sales climb US videogame hardware sales surged in January, with Sony's new-generation PlayStation 4 consoles leading the charge.
14 February 2014
Oil markets tight, IEA warns Oil markets tight, IEA warns World oil markets are unexpectedly tight as growth in advanced economies picks up, the IEA warned on Thursday, urging OPEC to skip a seasonal output drop as stocks touch six-year lows.
14 February 2014
Mining companies applaud tenge devaluation in Kazakhstan Icon Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.
14 February 2014
Devaluation may create demand for 20,000 tenge bills in Kazakhstan Icon Devaluation may create demand for 20,000 tenge bills in Kazakhstan The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.
13 February 2014
Devaluation may drive airline tickets up in Kazakhstan Devaluation may drive airline tickets up in Kazakhstan Airlines are adjusting their ticket prices to the new exchange rate of the tenge.
13 February 2014
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