US fines Wyeth $490.9 mn for illegal drug marketing Wyeth Pharmaceuticals has pleaded guilty to misbranding a drug that prevents the rejection of organ transplants and agreed to pay $490.9 million.
31 July 2013
Kazakhstan seeks to drastically raise taxes on cars Raising the tax on cars powered by engines of over 3 liters is a tax on luxury: Finance Minister.
31 July 2013
Pavlodar-based oil refinery lowering its earlier announced capabilities The project to modernize the oil refinery is estimated at $1.07 billion. The Company plans to spend about $300 million to purchase equipment this year.
30 July 2013
BTA bank leads in Kazakhstan with 81% of bad loans Kursiv.kz has made a rating of the second-tier banks of Kazakhstan with the highest share of troubled loans.
30 July 2013
Hardly will anything change drastically following the accession into the WTO: Kazakhstan Finance Minister According to him, Kazakhstan lives up to 90% of the WTO’s requirements.
30 July 2013
Airport Management Department established in Kazakhstan 11 airports are being transferred under the Department's jurisdiction.
30 July 2013
Kazakhstan threatens Uzbekistan with “mirror” measures in response to excessive excise tax on Kazakhstan’s products Vice Prime Minister suggested the recommendations be drafted by August 15 so that the Government could consider them by September.
30 July 2013
KyrgyzGas owes Kazakhstan’s enterprises almost $25 million for gas supplies Earlier in Moscow there was an intergovernmental agreement signed for Gazprom of Russia to purchase KyrgyzGas for $1.
30 July 2013
IMF approves 1.7 bn euro loan payout to Greece The International Monetary Fund released 1.72 billion euros ($2.29 billion) in aid for Greece on Monday after completing a review of the country's performance under the international rescue program.
30 July 2013
Kazakhstan toughens requirements to members of the country’s Foreign Investors Council The Foreign Investors’ Council is an advisory body established to address key issues related to their investment activities in the country, and to improve the investment climate of Kazakhstan.
30 July 2013
Troubled BTA to see new Chairman of Board August 5 Kadyrzhan Damitov, ex Head of the Kazakh Stock Exchange, will take the seat of the BTA Board Chairman: an unidentified source.
30 July 2013
EADS to decide on Airbus name change in restructuring drive European aerospace giant EADS is set to decide Tuesday whether to change its name to Airbus, its better-known plane unit, as part of an overhaul that will also merge its defence and space units.
30 July 2013
France promises Malaysia no palm oil 'discrimination' French Prime Minister Jean-Marc Ayrault assured Malaysia that European rules on declaring product ingredients would not "discriminate" against palm oil.
30 July 2013
Kazakhstan hopes to reap 15 million tons of grain in net weight: KazAgro National Company According to the country’s Agriculture Ministry, grain exports in the 2013-2014 marketing year will stand at about 7 million tons.
29 July 2013
Kazakhstan to spend $92 million on 2013 grain reserves 13.75 billion tenge ($91.7 million) were allocated from the state budget for procurement of grain for the state resources.
29 July 2013
Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.
29 July 2013
Apple China supplier imposes overtime, hires minors: group Three Chinese factories making Apple products impose excessive overtime and employ minors, a US-based advocacy group said, renewing scrutiny of labour practices by the US tech giant's suppliers.
29 July 2013
Depositors to play no role in managing pension savings: Central Bank Governor The compound of the Single Pension Fund’s Managing Board is subject to Kazakhstan President’s approval. It is to include reps of the Government, Central Bank, financial market players as well as independent experts.
29 July 2013
Shift to mobile hits tech giants' bottom line With the shift to mobile Internet gaining pace, some of the big tech firms are adapting and others are not.
27 July 2013
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