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news Kazakhstan Kazakh IMF growth GDP economy president Nazarbayev
Kazakhstan’s GDP real growth expected at 4.8%: IMF Kazakhstan’s GDP real growth expected at 4.8%: IMF According to the Fund’s estimates, the inflation ratio is expected to reach 9%, “although the Government has been trying to keep the inflation ratio within the range of 6-8%”.
07 August 2014
President Nazarbayev suggests introducing individual bankruptcy procedures President Nazarbayev suggests introducing individual bankruptcy procedures According to him, there is no place for those willing to live at the state’s expense. If someone fails to pay off his or her debts, foreclosure procedures should be applied.
06 August 2014
Largest bank in Kazakhstan experiencing cash withdrawals increase in wake of recent devaluation rumors Largest bank in Kazakhstan experiencing cash withdrawals increase in wake of recent devaluation rumors Pressure on Kazkommertsbank’s ATM machines has increased by 15% due to devaluation rumors.
04 August 2014
Astana residents stocking up on dollars 'just in case' Icon Astana residents stocking up on dollars 'just in case' Astana residents have been forming queues near currency exchange officer on Thursday.
01 August 2014
National Bank Governor's advisor refutes Kazakh currency devaluation rumors National Bank Governor's advisor refutes Kazakh currency devaluation rumors Adviser to the Governor of the National Bank of Kazakhstan denies the possibility of tenge devaluation.
01 August 2014
Kazakhstan to toughen monetary policies should pressure on Russian ruble persist Kazakhstan to toughen monetary policies should pressure on Russian ruble persist Rising inflation rate in Russia may force the National Bank of Kazakhstan to toughen its policies.
01 August 2014
Rumors of second devaluation in Kazakhstan are speculations: experts Rumors of second devaluation in Kazakhstan are speculations: experts Financial experts have shared their opinions about the possibility of devaluation of the Tenge, Kazakh national currency.
01 August 2014
Argentina faces default as 'vulture fund' talks fail Argentina faces default as 'vulture fund' talks fail Last-ditch talks between Argentina and the US hedge funds it has branded "vultures" failed to reach agreement Wednesday, effectively pushing the country into default.
31 July 2014
Bank of Cyprus completes $1 bn private share placement Bank of Cyprus completes $1 bn private share placement Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
30 July 2014
TENGRI LIFE
TENGRI TRAVEL
Kazakhstan does not need its own payment system: experts Kazakhstan does not need its own payment system: experts Experts believe that Kazakhstan does not need its own payment system and doesn't have the conditions to effectively introduce it.
26 July 2014
Cautious Royal Bank of Scotland reports sharp recovery Cautious Royal Bank of Scotland reports sharp recovery Britain's state-rescued Royal Bank of Scotland warned over future earnings despite posting a surge in profits.
25 July 2014
Netherlands no longer biggest investor into Kazakh economy Netherlands no longer biggest investor into Kazakh economy As of the end of 2013, according to the Kazakhstan’s Central Bank, the Netherlands was the largest investor, with the FDI standing at $728.1 million in the Q4 2013 alone.
23 July 2014
Central Bank Governor advises against borrowing Central Bank Governor advises against borrowing According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
23 July 2014
Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.
22 July 2014
Central Bank Governor on prices for real estate at the threshold of EXPO-2017 Central Bank Governor on prices for real estate at the threshold of EXPO-2017 According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.
22 July 2014
Monthly average shopping expenses revealed in Kazakhstan Monthly average shopping expenses revealed in Kazakhstan Almaty, the biggest Kazakhstan’s city, is ranked 1st in terms of the average monthly expenses, with the average monthly amount standing at 91 000 tenge ($497), 5 times in excess of the subsistence level set for the region.
22 July 2014
Kazakh company reinsured downed Malaysia Airlines Boeing for $3mln Kazakh company reinsured downed Malaysia Airlines Boeing for $3mln Payments of Kazakhstan-based Eurasia Insurance Company may exceed $3 million in claims over the shot down Malaysia Airlines MH17 flight.
21 July 2014
IMF chief says low inflation can hit European growth IMF chief says low inflation can hit European growth IMF chief Christine Lagarde warned that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.
19 July 2014
Mobile phones are the future of Kazakhstan's payment system: Massimov Mobile phones are the future of Kazakhstan's payment system: Massimov Payment system in Kazakhstan may be rebased to mobile phones in future, according to Prime Minister of Kazakhstan Karim Massimov.
16 July 2014
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