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Sberbank Russia news Kazakhstan Temir Zholy Kazakhstan Kazakh investment Foreign Investors Council S&P rating

Sberbank of Russia to finance $3.6 billion worth of transportation projects in Kazakhstan Sberbank of Russia will provide $3.6 billion to finance projects of Kazakhstan's national railway company Kazakhstan Temir Zholy (KTZ).

16 June 2014

S&P lowers Kazakhstan's credit-rating outlook to Negative Standard & Poor’s has changed Kazakhstan’s credit-rating outlook from Stable to to Negative.

16 June 2014

Kazakhstani pension savings amount to $21 billion Kazakhstanis had over $21 billion in pension savings as of June 1, 2014.

16 June 2014

Kazakhstan’s President inviting foreign investors to participate in privatization of over 700 companies Besides, according to him, the country’s Government should accelerate launch of concession contracts in healthcare, education, water supply and some other realms.

12 June 2014

Japan's Q1 growth fastest in more than two years Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.

10 June 2014

No deficit of tenge bills in Kazakhstan: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.

06 June 2014

Almaty is Eurasian Union's Frankfurt in the making: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov declared that Almaty is Eurasian Union's Frankfurt in the making.

05 June 2014

Australians lose $100 million in coins each year Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said.

05 June 2014

Mining exports drive Australian growth Surging mining exports powered the Australian economy to better-than-expected 1.1 percent growth in the first quarter of the year, data showed Wednesday, but Treasurer Joe Hockey said he was also encouraged by a pick-up in other sectors.

05 June 2014

TENGRI LIFE

TENGRI TRAVEL

Almaty to be a major financial center in Asia There is a Global Financial Centres Index (…)Out of the 83 financial centers covered, Almaty is ranked 58th: Central Bank Governor.

02 June 2014

Central Bank Governor on possible second wave of currency devaluation Last week following a slight change in the tenge exchange rate against the US Dollar Kazakhstan’s citizens started to massively purchase US Dollars.

02 June 2014

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.

31 May 2014

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.

23 May 2014

$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.

23 May 2014

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.

19 May 2014

Bank of America enters KASE Bank of America has entered the Kazakhstan Stock Exchange (KASE).

16 May 2014

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.

16 May 2014

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.

14 May 2014

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.

13 May 2014