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Processing of crude into high value-added products is an effective way for Kazakhstan to attract international investors: ADB Such projects will bring forth valuable technical know-how, enabling Kazakhstan to transform into a hub of modern industrial production and a source of innovations within the region.

22 May 2013

Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations According to her, Kazakhstan has no clear strategy in place to attract money to finance this kind of projects.

22 May 2013

Bank of Japan says no new easing measures The Bank of Japan on Wednesday held off fresh easing measures, saying after a two-day policy meeting that a continuation of steps introduced last month would help Japan overcome deflation.

22 May 2013

Central Bank Governor on pension reforms According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.

20 May 2013

Bird flu costs China industry $65 bn: state media China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($65 billion) as consumers shun chicken.

20 May 2013

Great Britain to pay Kazakhstan $300-400 thousand for military transit per year Kazakhstan will be receiving $300-400 thousand per year from Great Britain from transit of military cargoes via its territory.

20 May 2013

S&P warns India could face junk status India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.

19 May 2013

Mexico cuts 2013 growth forecast to 3.1% Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.

18 May 2013

Hollande's headache worsens as France slips into recession President Francois Hollande's nagging headache to reboot the French economy has turned into a migraine as the economy slipped into its second recession in four years, fuelling speculation of an impending cabinet reshuffle.

16 May 2013

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Private sector is in a better position to manage pension savings: EBRD Director for Kazakhstan The payback from the pension reform could be insignificant should the Single Pension Fund’s assets be invested in the same way the National Oil Fund’s assets are invested: Fitch Ratings.

14 May 2013

Real GDP growth is to be maintained at 6%: Minister of Economic Affairs and Budget Planning May 10 the European Bank for Reconstruction and Development cut down its economy growth estimated for Kazakhstan from 6% to 4.9%.

14 May 2013

Kazakhstan to borrow $1 billion Kazakhstan plans to borrow around $1 billion at foreign markets in 2013.

13 May 2013

G7 talks growth, austerity amid yen concerns The G7 top economies are set for a second day of talks aimed at spurring growth amid US-Europe divisions over the scale of austerity and renewed market focus on "currency wars".

12 May 2013

G7 nations meet as US pressures Europe over austerity Finance ministers and central bank chiefs from the Group of Seven leading economies will meet in the English countryside on Friday for talks on spurring growth, amid US-Europe divisions over the scale of austerity.

10 May 2013

Sri Lanka cuts lending rates hoping for growth Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.

10 May 2013

Kazakhstan's balance $1.65 billion in black Kazakhstan's current accounts balance was $1.65 billion in surplus in January-March 2013.

08 May 2013

Australia cuts interest rate to record low 2.75 pct Australia's central bank cut interest rates to a record low of 2.75 percent Tuesday, citing weak domestic inflation coupled with a persistently high dollar as investment in the key mining sector hits its peak.

07 May 2013

KazMunaiGas closes $3 billion deals KazMunaiGas National Company has successfully closed the deals on placement of 10-year and 30-year Eurobonds raising $3 billion.

03 May 2013

China nears US in money to Africa: study China committed more than $75 billion to Africa in the past decade, coming close to the level of US money although the nature of Beijing's support was far different.

30 April 2013