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Kazakhstan to halve its banks in 5 years: opinions Only core banks will remain in Kazakhstan in five years, that is, about 15-20 banks will remain in Kazakhstan by 2019.

29 April 2014

Nursultan Nazarbayev and EDB Chairman meet in Astana Nursultan Nazarbayev and Igor Finogenov, Chairman at Eurasian Development Bank, discussed the bank's operations in Kazakhstan.

27 April 2014

Spain shows fastest growth in six years: central bank Spain's economy appears to be growing at the fastest clip since a 2008 property crash tipped the nation into a job-wrecking, double-dip recession, the central bank said.

25 April 2014

Kazakhstan to subsidize agro-industry Kazakhstan will specify new terms of subsidizing agro-industrial projects before May 1 this year.

24 April 2014

Non-perfoming loans to go down to 10% by 2016 in Kazakhstan: Kelimbetov The Governor of the Central Bank Kairat Kelimbetov aims to decrease non-performing loans to 10% by January 1 2016.

18 April 2014

Brazil names 46 suspects in money-laundering, drug probe Police in Brazil have named 46 people, including an ex-executive at oil giant Petrobras, as suspects in an alleged $4.5 billion money laundering and drug operation, officials said.

18 April 2014

Central Bank to raise requirements to banks tenfold by 2020 Central Bank Governor elaborated that consolidation of banks is needed to ensure their competitive ability given the anticipated entry of subsidiaries of international players after 2020.

17 April 2014

$1.3 billion was withdrawn from Kazakhstan’s banks in deposit run following misleading sms campaign Following the 20% currency devaluation in February that there had been a wave of sms spreading information on allegedly approaching bankruptcy of Allaince, Kaspi and Center Credit.

16 April 2014

President Nursultan Nazarbayev on the country’s financial industry Head of State gave a number of instructions to the National Bank and the Government to reduce the share of NPLs, accelerate introduction of Basel III standards, and strengthen safeguards to protect the rights of consumers of banking products.

16 April 2014

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'2 Guns' blasts to top of North American box office

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Massimov met with representatives of universities-partners of Nazarbayev University

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24 June 2013, 18:37

Fires in Los Angeles: death toll rises

yesterday, 12:06

Oil spill containment is underway at Atyrau Refinery

yesterday, 18:02

Kazakhstan government instructed to narrow gap between rich and poor

15 April 2013, 21:15

Plane crash in Aktau: 5 Russians remain in hospitals

yesterday, 16:01

EU recommends airlines to avoid flying over five Russian cities

yesterday, 11:11

Tokayev received famous businessman and AI expert Lee Kai-Fu

yesterday, 15:33

First case of human metapneumovirus infection reported in Europe

yesterday, 10:25

Tokaev signed law on diplomatic service issues

yesterday, 19:33

“Sale” of forgotten suitcases: Almaty airport made a statement

yesterday, 15:01

Cyclone alert: Blizzard and -27°C frost to hit Kazakhstan

yesterday, 17:03

Tokayev met with Kyrgyz Foreign Minister in Astana

yesterday, 20:31

Telegram provided user data to Kazakhstan's law enforcement

yesterday, 20:04

State will partially subsidize Semey - Urdzhar flights

yesterday, 19:04

$1.3 billion to finance Toxic Assets Fund of Kazakhstan The vehicle will be buying out toxic assets from the country’s banks. Regulating rules will be formulated by July 1, 2014.

15 April 2014

Kazakhstan bank assets to reach 80% of GDP by 2020 According to the National Bank, from 2011 to 2013 Kazakhstan-based banks’ assets grew by 28.5% to reach $85 billion, with the assets to the GDP ratio diminishing from 55% to 46%.

15 April 2014

$2.7 billion out of Kazakhstan National Oil Fund to stimulate economy in 2014 One of the sources to boost the country’s economy growth will be $5.5 billion out of the National Oil Fund to be allocated in 2014 and 2015: Minister of Economic Affairs.

14 April 2014

Consumer loans in Kazakhstan reach 2.3 trillion Tenge Consumer credit for an average wage worker in Kazakhstan does not exceed a four months' salary, Tengrinews reports citing Ranking.kz.

14 April 2014

President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.

11 April 2014

Government should teach Kazakhstan’s citizens to pay off loans: President Nazarbayev President is confident that excessive support to businesses on the part of the Government hampers businesses from developing.

11 April 2014

German inflation hits three-year low in March The rate of inflation in Germany, Europe's biggest economy, fell to its lowest level in more than three years in March, official final data showed on Friday.

11 April 2014

Kazakhstani banks reduce external debt by $2.4 billion Kazakhstani banks have reduced their external debt by $2.4billion.

09 April 2014

Kazakhstan’s international reserves figure announced The gold and FX reserves of the National Bank for the period grew by 7.45% to reach $26.517 billion, with the assets of the National Oil Fund growing by 3.18% for the period to reach $72.787 billion.

08 April 2014

Oil Minister Uzakbai Karabalin on Kashagan Over 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.

07 April 2014