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Global tax evasion under G20 scrutiny US Treasury Secretary Jacob Lew described taxation reform as among the G20's most crucial initiatives Friday as the world's major economies look to close loopholes used by huge multinational firms.

21 February 2014

Damage dealt to Kazakh banks by SMS-campaign being calculated The Governor of Kazakhstan National Bank Kairat Kelimbetov has commented the mass SMS distribution about the bankruptcy of 3 banks of Kazakhstan.

20 February 2014

$1 billion to support small and middle-sized businesses in Kazakhstan February 14 Kazakhstan’s President Nursultan Nazarbayev instructed his Cabinet to allocate $5.4 billion out of the National Oil Fund [accumulating oil windfall revenues] in 2014-2015 as “long money” for the country’s economy.

20 February 2014

Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits Through the decision to raise the interest rate you could rehabilitate yourself at least a bit. The people believed you and you ditched them: Senator Svetlana Dzhalmagambetov.

20 February 2014

Winkdex: Winklevosses make their own Bitcoin index Early Bitcoin investors Cameron and Tyler Winklevoss have created their own index of the virtual currency, as they gear up to launch the first publicly traded US Bitcoin fund.

20 February 2014

Banks can't hold SMS-misinformers liable: lawyer Banks won't be able to bring the ones who were distributing misinformation about bankruptcy of 3 Kazakhstan banks to criminal liability.

19 February 2014

Australia urges G20 to commit to faster growth targets Australian Treasurer Joe Hockey said Wednesday it was "hugely important" that G20 leaders agree to faster global growth targets when they meet in Sydney this weekend.

19 February 2014

Central Bank Governor refutes rumors of banks bankruptcies Misleading wave of sms in the country resulted in deposit run.

18 February 2014

Three large-scaled banks claim there is an information campaign against them Kaspi bank today has announced a reward of $500 000 “for those able to spot the initiators of the misleading SMS campaign”.

18 February 2014

TENGRI LIFE

TENGRI TRAVEL

Single Pension Fund ensures safety of pension savings Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.

17 February 2014

Kazakhstan intends to increase salaries and allowances Salaries of civil employees working in public institutions and social allowances will be increased in Kazakhstan from April 1, 2014.

16 February 2014

Possible inflation risks: National Bank In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

15 February 2014

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

14 February 2014

President Nazarbayev opposes state support to failing banks and companies According to him, “We are a market economy. In a market economy thousands of businesses go out of business every year”.

14 February 2014

President Nazarbayev on NPLs As of December 1, 2013 NPLs stood at 31.4% of the overall banks’ portfolio, 19.7% up against the start of 2013.

14 February 2014

Kazakhstan’s President Nursultan Nazarbayev furious over People’s IPO delays I commission the Central Bank and the Government to come up with a clear vision of the country’s pension system and the national securities market before June 1, 2014: President Nazarbayev.

14 February 2014

Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.

14 February 2014

Devaluation may create demand for 20,000 tenge bills in Kazakhstan The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

13 February 2014

Devaluation may drive airline tickets up in Kazakhstan Airlines are adjusting their ticket prices to the new exchange rate of the tenge.

13 February 2014