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Economy

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Kazakhstan’s AsiaCredit Bank discloses reasons why the National Bank suspends its license for taking in deposits Kazakhstan’s AsiaCredit Bank discloses reasons why the National Bank suspends its license for taking in deposits Up to October 30 individuals won’t be able to open deposits or accounts with the Bank, with all the contracts signed with individuals before July 30 being fully valid.
31 July 2013
Kazakhstan National Bank suspends license of AsiaCredit Bank Kazakhstan National Bank suspends license of AsiaCredit Bank AsiaCredit Bank's license to accept deposits and open bank accounts for individuals has been suspended.
31 July 2013
Almaty tagged most expensive post soviet city Almaty tagged most expensive post soviet city Almaty is the most expensive city for tourism in the post soviet space.
31 July 2013
Hunger costs Swaziland three percent of GDP Hunger costs Swaziland three percent of GDP Around three in 10 young children in Swaziland are stunted by hunger, and 270,000 workers are also physically affected.
31 July 2013
Liechtenstein bank pays millions to settle US tax dispute Liechtenstein bank pays millions to settle US tax dispute Liechtenstein's oldest bank said Tuesday it would pay nearly $25 million to settle a dispute with US tax authorities over its suspected role in helping clients dodge US taxes.
31 July 2013
US fines Wyeth $490.9 mn for illegal drug marketing 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 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 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 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
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Airport Management Department established in Kazakhstan 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 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 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 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 to supply 500 tons of meat to Russia Kazakhstan to supply 500 tons of meat to Russia Kazakhstan will supply 500 tons of meat to Russia by the end of 2013.
30 July 2013
Kazakhstan toughens requirements to members of the country’s Foreign Investors Council 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 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 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' 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 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
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