Kazakhstan to spend $92 million on 2013 grain reserves
13.75 billion tenge ($91.7 million) were allocated from the state budget for procurement of grain for the state resources.
Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor
Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.
GMAC pays $230 mln to borrowers in foreclosures case
GMAC Mortgage, a defunct unit of Ally Financial, will pay $230 million to borrowers as part of a government review of potentially flawed foreclosures.
Kashagan to affect oil prices in 2 years
Commercial production at Kashagan field may put some pressure on the oil prices, but in only the long run.
Kazakhstan’s President Nursultan Nazarbayev reiterates there are no grounds for tenge depreciation
Kazakhstan’s President Nursultan Nazarbayev has met Gregory Marchenko, the country’s Central Bank Governor.
Debt, shadow finance bedevil China's economy
Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.
Kazakhstan’s Central Bank Governor on plans to issue a 20-thousand-tenge note
The issue has nothing to do with devaluation. The new note is being issued to celebrate the 20th anniversary of the Tenge, Kazakhstan’s national currency: Gregory Marchenko.
Kazakhstan’s Central Bank seeks to maintain inflation within 6-8%
Despite the lingering uncertainty of the global economy, Kazakhstan’s economy has been stable, with the GDP growing 5.1% in the H1 2013. The annual inflation stands at 5.9%: Economy Minister.
Kazakhstan’s Central Bank on rumors of the Tenge devaluation
For the recent 4.5 years there have been rumors of devaluation more than 15 times: Central Bank Governor Gregory Marchenko.