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Finance

Eurasian Development Bank issues bonds in Kazakhstan Eurasian Development Bank issues bonds in Kazakhstan Eurasian Development Bank (EDB) has issued tenge-denominated bonds worth nearly $110 million in Kazakhstan.
22 September 2014
G20 finance chiefs aim to 'change destiny of global economy' G20 finance chiefs aim to 'change destiny of global economy' Finance chiefs from G20 nations held talks confident they can "change the destiny of the global economy" despite rising world political tensions.
20 September 2014
Central bank cleans the house in Kazakhstan’s banking sector Central bank cleans the house in Kazakhstan’s banking sector Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.
17 September 2014
Embattled French government scrapes through confidence vote Embattled French government scrapes through confidence vote France's crisis-hit government narrowly won a crunch parliamentary vote of confidence in its economic reform path.
17 September 2014
S&P about Kazakhstan's GDP growth downgrade and sovereign rating outlook S&P about Kazakhstan's GDP growth downgrade and sovereign rating outlook Senior Director at Standard & Poor's Sovereign Ratings division Christian Esters talks about Kazakhstan's rating outlook and downgrade of GDP growth forecast.
15 September 2014
Cyprus fears next tranche of bailout funds at risk Cyprus fears next tranche of bailout funds at risk Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.
12 September 2014
Kazakhstan-based banks obliged to keep equity capital inside the country Kazakhstan-based banks obliged to keep equity capital inside the country According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
11 September 2014
Kazakhstan people keep $18 billion at home: Central Bank Governor Kazakhstan people keep $18 billion at home: Central Bank Governor Accoding to him, massive misleading sms campaigns informing people of alleged bankruptcy of some of Kazakhstan-based banks in the wake of the 20% currency devaluation back in February and waves of rumors about possible devaluation recently have been encouraging people to keep their money at home.
10 September 2014
Merkel 'proud' of budget, insists on rigour in EU Merkel 'proud' of budget, insists on rigour in EU Angela Merkel voiced pride in her country's strong budget and called on EU states "finally" to respect joint fiscal rules.
10 September 2014
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TENGRI TRAVEL
Kazakh farmers face stringent loan terms, development of agribusiness inhibited Kazakh farmers face stringent loan terms, development of agribusiness inhibited There are several financial constraints for achieving development of Kazakhstan's agriculture, experts say. Alleviating these is necessary to boost the industry and make Kazakhstan-made products competitive internationally.
07 September 2014
Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov Kazakhstan should adjust its legislation for Islamic finance: Kelimbetov Head of Kazakhstan National Bank Kairat Kelimbetov spoke about the stages of development of Islamic finance in Kazakhstan.
05 September 2014
EU pressed to up aid to farmers hit by Russia sanctions EU pressed to up aid to farmers hit by Russia sanctions The European Parliament ratcheted up the pressure on the European Union to increase support for farmers hit by a Russian ban on food.
05 September 2014
Kazakhstan’s Central Bank Governor on national currency appreciation Kazakhstan’s Central Bank Governor on national currency appreciation The Governor doesn’t rule out the USD exchange rate could further go down to 170 tenge per $1 as compared to the current 183 tenge per $1.
04 September 2014
Europe farmers 'not to get full Russian sanction compensation' Europe farmers 'not to get full Russian sanction compensation' Germany's agriculture minister warned that European farmers hit by a Russian import ban would not receive full compensation.
03 September 2014
IMF warns Ukraine may need extra $19 bn in help IMF warns Ukraine may need extra $19 bn in help The International Monetary Fund warned that economically-devastated Ukraine may need an extra $19 billion (14.5 billion euros) in assistance
03 September 2014
Kazakh researcher develops super large-capacity battery Kazakh researcher develops super large-capacity battery Dr Zhumabay Bakenov, a professor at Kazakhstan's Nazarbayev University, has developed a lithium-sulfur battery with 10-fold regular capacity.
02 September 2014
Draghi 'supports' France's call to boost European demand Draghi 'supports' France's call to boost European demand French President and the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation.
02 September 2014
IMF approves $1.4 billion aid payment for Ukraine IMF approves $1.4 billion aid payment for Ukraine The International Monetary Fund approved the release of nearly $1.4 billion in fresh funds for troubled Ukraine.
30 August 2014
German jobless rate unchanged in August: data German jobless rate unchanged in August: data Unemployment in Germany stagnated in August, as clouds continue to build over Europe's biggest economy.
28 August 2014
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