News about finance

Kazakh VIce-PM about foreign debt Kazakhstan's Vice Prime Minister and Minster of Finance Bakhyt Sultanov reported to the Parliament about the measures the government was planning to use to reduce the foreign debt of the country.

22 June 2014

American Airlines, owed $750 mn, trims flights to Venezuela American Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.

18 June 2014

Kazakhstan GDP growth slows down: S&P Standard & Poor’s rating agency predicts a decline in Kazakhstan GDP to 4.5% due to reduced volumes of oil production and a slowdown of the Russian economy.

18 June 2014

$210 million needed now for Bosnia floods: UN The United Nations estimates it will cost $210 million to cover immediate priority needs for the next six months in Bosnia, alone, after devastating floods hit the region, an official said.

10 June 2014

Over $1.5 billion embezzled in Kazakhstan since 2013: Financial Police Nearly 300 billion tenge ($1.6 billion) has been embezzled in Kazakhstan since 2013.

06 June 2014

No deficit of tenge bills in Kazakhstan: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov denies rumors about shortages of tenge bills in Kazakhstan.

06 June 2014

Almaty is Eurasian Union's Frankfurt in the making: Kelimbetov Governor of the National Bank of Kazakhstan Kairat Kelimbetov declared that Almaty is Eurasian Union's Frankfurt in the making.

05 June 2014

Australians lose $100 million in coins each year Australians lose more than $100 million worth of coins down the back of sofas and car seats each year, the Royal Australian Mint said.

05 June 2014

Eurasian Union to stabilize Tenge: Kazakh minister Idrissov The new Treaty establishing the Eurasian Economic Union raises concerns about stability of Kazakhstan's national currency, the tenge, among the representatives of foreign diplomatic missions in Astana.

02 June 2014

Drastic change in the world financial system required: Nazarbayev There is a need to rethink the global financial system, the Kazakhstan president declared at the VII Astana Economic Forum.

28 May 2014

Legalization of capital in Kazakhstan - Cui bono? The upcoming legalization of capital in Kazakhstan will benefit primarily the state officials - this is the opinion of the head of the Association of Entrepreneurs of Almaty Viktor Yambayev.

28 May 2014

No common currency in Eurasian Economic Union Deputy Justice Minister of Kazakhstan Elvira Asimova said that there would be no common currency in the Eurasian Economic Union.

27 May 2014

Kazakhstan banks exposed to high forex risk: S&P Associate Director for Financial Institutions at Standard & Poor's Natalia Yalovskaya said that Kazakhstani banks were exposed to increased forex risk.

23 May 2014

$138 billion offshored from Kazakhstan At a meeting of the National Chamber of Entrepreneurs of Kazakhstan it was announced that according to international estimates the money offshored from Kazakhstan amounts to $138 billion.

23 May 2014

Bulat Utemuratov finalizes Temirbank and Alliance Bank purchase and talks about their future Samruk-Kazyna National Wealth Fund finalized sale of its shares in two Kazakhstan banks, Temirbank and Alliance Bank, to Bulat Utemuratov.

20 May 2014

Swiss turn down world's highest minimum wage Swiss voters on Sunday rejected a proposal to introduce the world's highest minimum wage, which would have guaranteed every worker in one of the world's priciest nations at least $25 an hour.

19 May 2014

Bank of America enters KASE Bank of America has entered the Kazakhstan Stock Exchange (KASE).

16 May 2014

Kazakhstan bans anonymous bank accounts A new law that prohibits opening of anonymous bank accounts has been adopted in Kazakhstan.

16 May 2014

Legitimization of assets to bring billions: Kelimbetov Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.

12 May 2014

Formula One: F1 threatened by cash crisis Formula One faces a serious cash crisis if it does not introduce serious cost-cutting measures, Williams' deputy team-principal Claire Williams warned.

11 May 2014

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