Venezuela to repay $2 bn of debt to local importers
Venezuela announced Friday it would repay a small part its debt to local importers, after currency controls have sparked mass shortages of basic goods in the oil-rich country.
Kazakhstan banks exposed to high forex risk: S&P
Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.
$138 billion offshored from Kazakhstan
At a meeting of the National Chamber of Entrepreneurs of Kazakhstan it was announced that according to international estimates the money offshored from Kazakhstan amounts to $138 billion.
Swiss turn down world's highest minimum wage
Swiss voters on Sunday rejected a proposal to introduce the world's highest minimum wage, which would have guaranteed every worker in one of the world's priciest nations at least $25 an hour.
Japan budget carrier cancels flights due to pilot shortage
Japanese low cost carrier Vanilla Air said Friday it will cancel scores of flights in June because it does not have enough pilots to fly them.
Kazakhstan's economy benefits from devaluation: Kelimbetov
National Bank Chairman Kairat Kelimbetov declared that the economy of Kazakhstan responded positively to the recent 20% devaluation of the Tenge.
Central Bank Governor on Kazakhstan-based banks
According to him, only Halyk Bank could be considered as truly important for the entire banking system as of today, with the new entity of merged KazKommertsbank and BTA having some prospects.
Kazakhstan is concerned over possible widened economic sanctions against Russia
Russia might face a zero economic growth this year. It’s no good news for us as the two economies are interdependent to a great extent: Kazakhstan’s Central Bank Governor.