Kazakhstan’s international reserves figure announced
Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.
07 August 2014 12:12
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%”.
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 04:43
With new default looming, Argentina urges calm
Argentina admitted it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge funds demanding full payment on their bonds.
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.
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.
Astana residents stocking up on dollars 'just in case'
Astana residents have been forming queues near currency exchange officer on Thursday.
