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National Bank of Kazakhstan defends pension assets' investment into second tier banks The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.

29 October 2014

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.

28 October 2014

Kazakhstan Finance Minister on budget stability According to him, through transfers from the National Oil Fund to the country’s budget the latter is insured against shocks related to falling oil prices.

26 October 2014

$2.5 billion adds to Kazakhstan's external debt Two government euroissues add to Kazakhstan's external debt. The move comes as a response to budget deficit.

25 October 2014

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.

25 October 2014

Italian PM vows to publish cost of EU institutions in budget row Italian Prime Minister Matteo Renzi announced his intention to make public the cost of the European institutions, as a row exploded over his country's budget plans.

24 October 2014

Britain's Cameron in new row over EU demand for extra 2.1 bn euros Prime Minister faces a fresh showdown with the EU after Brussels demanded an extra 2.1 billion euros from Britain because its economy is thriving while Europe stalls.

24 October 2014

Kazakhstan’s Central Bank Governor on possible currency devaluation “I believe spreading rumors is the way devaluation expectations are being intensified artificially (…) all those voicing their estimates and forecasts should be aware of their responsibility”, he said.

21 October 2014

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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.

21 October 2014

France calls on Germany for 50 bn euros in investments Cash-strapped France called on Europe's economic powerhouse Germany to invest 50 billion euros more by 2018.

20 October 2014

Putin calls on Europe to help Ukraine pay gas debts Russian President Vladimir Putin called on Europe to help Kiev cover its gas debts with Moscow following talks with his Ukrainian counterpart.

18 October 2014

Stock market plunge an 'over-reaction': IMF's Lagarde International Monetary Fund chief Christine Lagarde said the plunge in global stock exchanges this week was due to a market "over-reaction".

18 October 2014

Renzi unveils 2015 budget, says Italy ready to answer to EU Italy's cabinet approved a 2015 budget just hours before an EU deadline, unveiling plans to increase borrowing to slash taxes by 18 billion euros.

16 October 2014

More than 82 million in poverty in China: official More than 82 million people in China still live on less than about $1 a day, despite a decades-long boom that made it the world's second-largest economy.

15 October 2014

Kazakhstan’s financial institutions banned from using Bitcoin There is a tough national legislation to counteract money laundering and banks are not allowed to service transactions involving unidentified parties: Central Bank representative.

15 October 2014

New Swedish government blames predecessor for 'poor' finances Sweden's new Social Democrat-led government lowered the growth forecast, blaming sweeping tax breaks by the outgoing conservative coalition for a "large hole".

14 October 2014

Ebola claims another victim -- African economies The Ebola virus is claiming a new victim: the economies of what are already some of the world's poorest countries,

13 October 2014

Standard and Poor's lowers France outlook to 'negative' Ratings agency Standard and Poor's kept its 'AA' rating for France but lowered its outlook from "stable" to "negative" on fears over the country's budget situation.

11 October 2014