Finance - страница 28

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

NPLs growing in Kazakhstan regardless of measures to reduce the figure: Fitch Ratings As of the end of 2013, the share of NPLs throughout the country’s banking sector stood at 31.2%. According to Fitch Ratings, in February the indicator grew to 33%.

02 April 2014

Merger of pension funds to form a single entity complete in Kazakhstan Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.

31 March 2014

Kazakhstan’s 2013 external debt figure grows from $136.922 billion to $148.753 billion The Central Bank elaborated that the debt of the country’s banking system decreased for the period by 17.5% down to $11.160 billion.

31 March 2014

S.Korea opens spot market for physical gold trade South Korea launched a gold trading exchange for the first time on Monday in a bid to help counter the country's burgeoning black market in the precious metal.

25 March 2014

TENGRI LIFE

TENGRI TRAVEL

Kazakhstan to counter siphoning of money to offshore zones The “dirty” money tends to come back to Kazakhstan in the shape of respectably looking foreign investments: Financial Police official.

20 March 2014

Will the pension funds be merged into the Single Pension Funds by April 2014? Ular Umit pension fund is completing the merger to be followed by the pension fund owned by Halyk Bank, the last to be merged with the newly-formed Single Pension Fund: the Fund’s Press Service.

20 March 2014

Huge price hikes for Brazil World Cup hotels Football fans heading to Rio for the World Cup will have to pay at least double the going rate for hotel accommodation despite government attempts to limit price-gouging during the tournament.

14 March 2014

Central Bank Governor to manage assets of Single Pension Fund Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.

14 March 2014

Australia's first banknote going under hammer The only known specimen of the first official banknote issued in Australia, uncovered in Scotland, is expected to fetch at least Aus$250,000 (US$224,000) at an auction in Sydney this month.

12 March 2014

Warning bells as Portugal urged to exit bailout without buffer With Portugal's 78-billion-euro IMF-EU aid programme about to come to an end, its creditors are not only expecting the country to exit its massive bailout on May 17, but urging it to do so without a safety net.

11 March 2014

Japan says Bitcoin not a currency, but taxable Bitcoin is not a currency but transactions involving it should be "subject to taxation", Japan's government said Friday, in a move that could pave the way for formal regulations on the troubled virtual unit.

08 March 2014

Man identified as Bitcoin creator denies involvement A man named as being the enigmatic creator of Bitcoin on Thursday denied having a role in the virtual unit, telling reporters he was "not involved."

07 March 2014

Apple moved billions offshore to avoid Australia tax: report US tech giant Apple was Thursday accused of shifting nearly Aus$9 billion (US$8.1 billion) in untaxed profits from its Australian operations to Ireland over the past decade.

06 March 2014

Central Bank toughens requirements to borrowers Earlier Kazakhstan’s President Nursultan Nazarbayev commissioned banks’ heads to reduce the share of NPLs “in any possible ways” to 15% of their portfolio by 2015 and further to 10% by 2016.

06 March 2014