US spy agencies spent nearly $68 bn in 2014
US spy agencies spent nearly $68 billion in fiscal year 2014, about the same level of spending on intelligence gathering in the previous year.
Central Bank Governor on Toxic Assets Fund
According to him, the money will only be provided to banks that have accumulated the most of NPLs. Kazkommertsbank and BTA to be shortly merged are among them as they jointly account for 62% of NPLs in the banking sector.
29 October 2014
Kazakh deputies outraged at risky investments of Single Pension Fund
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
IMF fights negative interest rates
The IMF announced a minimum interest rate on its unique SDR currency as it fights off the impact of sagging interest rates and deflation from major economies.
Kazakhstan to revisit its 2015 budget with falling oil prices in mind
There are certain signs of economic slowdown. For the 9 months of the year the country’s economy has only grown by 4%. The Government is doing its best to support entrepreneurship with affordable loans: Baiterek State-run Hoding Company Head.