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Finance

Kazakhstan banks complained of unequal competition to Nazarbayev Kazakhstan banks complained of unequal competition to Nazarbayev Some of the foreign banks are controlled by their countries and enjoy support of their parent banks with ratings higher than those of Kazakhstan banks: expert.
22 June 2012
President suggests using the National Oil Fund to support S&MBs President suggests using the National Oil Fund to support S&MBs The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil.
22 June 2012
Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev According to him, the Government and the National Bank should take into consideration that local banks not always enjoy the same competitive advantage as foreign ones.
22 June 2012
Marchenko is against agricultural bank in Kazakhstan Marchenko is against agricultural bank in Kazakhstan National Bank's chairman Gregory Marchenko told the senators his opinion of the prospect of creation of the agricultural bank in Kazakhstan.
21 June 2012
BTA Bank started negotiations over restructuring of its debts BTA Bank started negotiations over restructuring of its debts BTA is expecting arrival of the creditors commission in Almaty for a meeting to discuss results of due diligence next week.
18 June 2012
National Bank’s Vice Governor assures the tenge will remain stable for years to come National Bank’s Vice Governor assures the tenge will remain stable for years to come According to him, “for the recent year the nation’s exports potential has grown 40%”.
12 June 2012
Samruk-Kazyna advised Kazakhstan citizens on People's IPO Samruk-Kazyna advised Kazakhstan citizens on People's IPO The meeting on implementation of the People’s IPO program was held in Almaty.
12 June 2012
Astana gets Moody's Baa3 rating with stable outlook Astana gets Moody's Baa3 rating with stable outlook Moody’s International rating agency assigned Astana a positive issuer rating of Baa3 with stable outlook.
12 June 2012
Samruk-Kazyna to invest over $1 billion by 2015 Samruk-Kazyna to invest over $1 billion by 2015 Investments of Samruk-Kazyna will make around 150 billion tenge ($1 billion) by the end of 2015: Chairman.
12 June 2012
TENGRI LIFE
TENGRI TRAVEL
Kazakhstan Tenge will not be devalued: expert Kazakhstan Tenge will not be devalued: expert An expert of Kazakhstan Ministry of Economic Development Madiyar Kenzhebulat said that 166 tenge per 1 dollar would be “the worst scenario” for Kazakhstan currency.
11 June 2012
Kazakhstan Central Bank may further slash its key rate to 5.25-5.5% Kazakhstan Central Bank may further slash its key rate to 5.25-5.5% There is a clear signal that both cost of borrowed money and interest rates on loans should be lowered: Central Bank Governor.
07 June 2012
Kazakhstan slashes the share of Euro in its FX reserves Kazakhstan slashes the share of Euro in its FX reserves So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.
07 June 2012
Volatility of the Russian rouble is not reflected on the Kazakh tenge Volatility of the Russian rouble is not reflected on the Kazakh tenge Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.
07 June 2012
Kazakhstan banknote named best in the world Kazakhstan banknote named best in the world Kazakhstan commemorative banknote with a nominal value of 10,000 tenge has been acknowledged The Banknote of the Year by IBNS.
05 June 2012
Foreign investors consider Kazakhstan one of most attractive markets in CIS Foreign investors consider Kazakhstan one of most attractive markets in CIS Over 30 percent of polled foreign investors consider Kazakhstan one of the most attractive markets in CIS.
04 June 2012
New 10,000 tenge banknote released in Kazakhstan New 10,000 tenge banknote released in Kazakhstan Newly designed banknote with a nominal value of 10,000 tenge has been released in Kazakhstan.
04 June 2012
Kazakhstan ranked 88th in debtors rating Kazakhstan ranked 88th in debtors rating Around $7,422 of the state debt falls on each Kazakhstan citizen.
30 May 2012
Common CES currency will be possible in 5 years Common CES currency will be possible in 5 years We will need a common currency in the course of development of our relations, but this has to be natural: expert.
29 May 2012
Kazakhstan businessmen flock to American Chamber of Commerce Kazakhstan businessmen flock to American Chamber of Commerce More and more Kazakh businessmen are trying to get a membership in the American Chamber of Commerce: AmCham Executive Director Doris Bradbury
26 May 2012
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