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Palestinian GDP can expand by a third if Israel lifts limits: World Bank The Palestinian economy could expand by over a third if Israel were to lift its restrictions on about 60 percent of the West Bank that it controls.

08 October 2013

National Bank approves schedule for transfer of pension assets to Single Pension Fund Transfer of pension assets and obligations of Kazakhstan's pension funds to the Single Pension Fund will start on October 11 and finish on June 26, 2014.

04 October 2013

Brazil economy in need of reforms, reduced state bloat Brazil, Latin America's economic behemoth, is in dire need of structural reforms and reduced government bloat to fuel sustainable growth.

03 October 2013

ADB lowers Kazakhstan’s economy growth estimate from 5.2% to 4.8% According to the Kazakhstan’s State Agency for Statistics, the country’s GDP grew by 5.5%from January to August.

02 October 2013

Kazakhstan Central Bank Governor Gregory Marchenko meets Zhou Xiaochuan, People's Bank of China Governor One of the items on the agenda was mutual settlements in the Tenge, Kazakhstan’s currency, and the renminbi.

30 September 2013

Salaries in Kazakhstan still calculated along 1996 rates of remuneration 6 out of 16 regions of Kazakhstan have low standard of living. Increasing living standards without providing adequate remunerations is a joke: Brimbetova.

30 September 2013

White House offers over $300 mn for bankrupt Detroit The White House offered more than $300 million in aid and support to bankrupt Detroit on Friday, as the crumbling, bankrupt Midwestern city struggles to survive.

29 September 2013

Romania gets 2 bn euro IMF standby aid The International Monetary Fund approved Friday a standby loan of nearly two billion euros ($2.7 billion) to match a backup loan of the same size requested from the EU.

28 September 2013

World Bank removes Iran from list of non-payers The World Bank removed Iran from its list of deadbeat borrowers Friday, saying the Islamic Republic had paid outstanding loan amounts.

28 September 2013

TENGRI LIFE

TENGRI TRAVEL

Spain to stick to austerity path in 2014 budget Spain will stick to its path of austerity in 2014 with the government due to approve its draft budget for the year on Friday, subjecting pensioners and public workers to more cutbacks despite a slowly improving economy.

26 September 2013

Almaty and Astana responsible for 30% of Kazakhstan’s pension deductions Astana and Almaty residents transferred almost 100 billion tenge to pension funds in 7 months of 2013.

25 September 2013

Kazakhstan Foreign Ministry to spend $20 million on foreign trips in 2014 The draft Kazakhstan state budget for 2014-2016 has been submitted to the Majilis (Lower Chamber of the Kazakhstan Parliament).

22 September 2013

Kazakhstan to introduce mandatory real estate insurance schemes The insurance schemes will be administered by the government-owned non-for-profit State Fund for Real Estate Insurance.

19 September 2013

Crude production at Kashagan expected at 8 million tons in 2014: Oil and Gas Minister Mr. Karabalin also elaborated that the Caspian Pipeline Consortium (CPC) would be able to handle the increased volume of crude.

18 September 2013

Kazakhstan’s future is closely linked to Russia and China: Kazakhstan’s Central Bank Governor These countries’ currencies are to play a greater role in Kazakhstan’s foreign trade as compared to the role of the US Dollar, he believes.

18 September 2013

Foreign inflows fuel Sri Lanka recovery: central bank Sri Lanka's economy grew 6.8 percent in the second quarter, up from 6.0 percent last year thanks to foreign cash inflows which helped a recovery.

17 September 2013

Fitch Ratings on oil production at Kashagan The onset of production is one reason we expect Kazakhstan's economic growth rate to recover after a slight slowdown in 2012: Fitch Ratings.

16 September 2013

Bailouts still key issue as eurozone finance ministers meet Eurozone finance ministers meet in calmer times Friday but still need to ensure bailed-out member states meet their targets amid growing speculation some will need more help to get back on track.

13 September 2013

US bailout 5 years ago avoided catastrophe: Treasury The US Treasury said Wednesday the government's massive response to the economic crisis five years ago paid off, avoiding a catastrophic breakdown of the financial system.

12 September 2013