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Finance

National Oil Fund’s investment income standing at $5.3 billion since 2001 National Oil Fund’s investment income standing at $5.3 billion since 2001 According to the National Bank, the National Oil Fund’s assets as of the end of April 2012 reached $51 billion.
12 May 2012
National Bank’s gold and FX reserves figure announced National Bank’s gold and FX reserves figure announced Since the start of the year the net gold and FX reserves have grown by 19.93%.
07 May 2012
Kazakhstan may consider a single state-owned pension fund under foreign management Kazakhstan may consider a single state-owned pension fund under foreign management According to an unidentified source, the suggestion of launching a single state-owned pension fund was put forward by the World Bank.
07 May 2012
Road surveillance cameras generate good budget revenues in Kazakhstan Road surveillance cameras generate good budget revenues in Kazakhstan Video cameras installed at road posts in Kazakhstan are generating good revenues for the country.
04 May 2012
Customs Union may launch a common currency in 10-12 years: Central Bank Governor Customs Union may launch a common currency in 10-12 years: Central Bank Governor According to him, it will take time for the Customs Union member states to work out common rules of the game.
04 May 2012
BTA Bank files debt restructuring plan to Almaty court BTA Bank files debt restructuring plan to Almaty court BTA Bank has presented a plan of debts restructuring to Almaty court.
03 May 2012
Central Bank Governor Gregory Marchenko in favor of raising retirement age for women Central Bank Governor Gregory Marchenko in favor of raising retirement age for women In an interview for KazTag Agency early March Gregory Marchenko said that “raising the retirement age for women up to 63 y.o. is an issue of gender equality.
02 May 2012
Kazakhstan and Japan considering protection of mutual investments Kazakhstan and Japan considering protection of mutual investments Minister of Industry and Trade Asset Issekeshev met Japan Minister of Economy, Trade and Industry Yukio Edano.
02 May 2012
Central Bank Governor does not rule out the key rate may be further slashed in May Central Bank Governor does not rule out the key rate may be further slashed in May Earlier the Bank decided to set the key rate at 6.5% starting from April 1, which is the lowest rate ever.
28 April 2012
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KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor KazMunaiGas to issue bonds at the APR of 6% to finance Kashagan: Central Bank Governor The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.
28 April 2012
Kazakhstan needs foreign technology, rather than foreign investments: President Nazarbayev Kazakhstan needs foreign technology, rather than foreign investments: President Nazarbayev According to him, “We don’t need foreign investments so desperately today. We are injecting our own money”.
26 April 2012
President Nazarbayev looking forward to Eurasian Economic Union President Nazarbayev looking forward to Eurasian Economic Union According to President Nazarbayev, “local integration serves the interests of people (…) to ensure effective development, any nation needs developing neighbors among other things”.
26 April 2012
Kazakhstan’s 2011 trade turnover with the EU stands at $50 billion Kazakhstan’s 2011 trade turnover with the EU stands at $50 billion According to President Nazarbayev, currently a key issue for Kazakhstan is a new agreement on expanded partnership.
25 April 2012
Education campaign launched to raise people’s awareness of People’s IPO Education campaign launched to raise people’s awareness of People’s IPO 660 lecturers are being currently trained to conduct workshops for common people across Kazakhstan after May 11.
25 April 2012
Foreigners can pump $20 billion out of Kazakh oil fields Foreigners can pump $20 billion out of Kazakh oil fields Foreign professionals will be able to earn $15-20 billion in 7-9 years working on development of major oil fields of Kazakhstan.
24 April 2012
BTA Bank suspends payments on bonds BTA Bank suspends payments on bonds BTA Bank announced suspension of all payments in relation to its restoration bonds.
24 April 2012
Ablyazov was siphoning off money of Russian AMT Bank to U.S. via Kazakhstan Ablyazov was siphoning off money of Russian AMT Bank to U.S. via Kazakhstan Ex-chairman of BTA Bank Mukhtar Ablyazov was siphoning off the funds of Russian AMT Bank to the U.S. via Kazakhstan.
24 April 2012
Kazakhstan’s economy attracted $147 billion in FDI in 2011 Kazakhstan’s economy attracted $147 billion in FDI in 2011 April 18 Geneva hosted the 11th sitting of the working group on Kazakhstan’s accession into the WTO.
20 April 2012
Toxic assets fund under the National Bank of Kazakhstan launched Toxic assets fund under the National Bank of Kazakhstan launched Should the toxic assets fund be successful, second tier banks will get rid of toxic assets worth $2 billion: Central Bank Governor.
19 April 2012
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