Central Bank Governor on the upside and downside of the suggested single pension fund
According to him, if there is a single pension fund managed directly by the Government or by the National Fund, there will be no deals closed with affiliated companies.
National Bank shouldn’t act as both the owner and regulator of the single pension fund: Gregory Marchenko
President made the decision to the benefit of the nation (…) and it will be brought to life, Central Bank Governor pledged.
Kazakhstan National Bank's 2013 inflation and GDP forecasts
According to Kazakhstan National Bank, the country’s inflation will stay within 6-8 percent, while the GDP growth may reach 6 percent.
Kazakhstan businessmen avoid POS-terminals, Marchenko concerned
Head of Kazakhstan’s National Bank says Kazakhstan businesses are poorly prepared to accept card payments because they don't want to install POS-terminals.
Central Bank Governor Gregory Marchenko refuses to comment on efforts to raise retirement age
According to him, the Government and the Parliament will be responsible for any final decisions.
Toughening of the country’s retirement legislation may cause social tensions
We have to admit the country’s pension system has faced a crisis. Peniosn funds are ineffective in managing the money. Inflation is eating the accumulations, a Majilisman believes.
Central Bank Governor reports to President Nazarbayev
At the meeting they dwelt on ways to expand lending through attracting fund from pension funds, insurance companies and foreign investors.
Almaty rallies against Marchenko's retiremen age initiative
Besides adopting a resolution - Say no to raising retirement age! Fire Marchenko! - the protestors also target private pension funds in Kazakhstan.
Marchenko keeps advocating raise of retirement age in Kazakhstan
We have submitted our suggestions to the previous Prime-Minister and Ministry of Labor and Social Protection: Marchenko.
Kazakhstan’s Central Bank Governor criticizing those taking consumer loans
According to him, people tend to overestimate their earning abilities.
Disposable income earners ready to participate in the People’s IPO make up 10 000 – 20 000: Central Bank Governor
According to him, speculations on the poor being supposedly able to participate in the Program are a sign of misunderstanding. The poor are not interested.
Kazakhstan’s international reserves grow to $85.5 billion
According to the Central Bank Governor, since the start of the year $2.2 billion has been channeled to fill the National Oil Fund.
Kazakhstan’s Central Bank Governor tasked with further reforming the pension system
Earlier Tengrinews.kz reported that Mr. Marchenko doesn’t support the World Bank’s suggestion on launching a single pension fund.
Marchenko among world's top central bankers
Global Finance magazine made a rating of the managers of Central Banks of 50 countries.
Central Bank Governor on the tenge and growing demand for the US Dollar
Late May the global oil price fell from $120 to $93 per barrel, which entailed weakening of the Russian rouble. Speculations were sparked that Kazakhstan would follow Russia’s example.
Kazakhstan Central Bank Governor on slashing the key rate
Mr. Marchenko elaborated that so far the National Bank has no plans to revisit the anticipated inflation corridor of 6-8% downwards for the following year.
Kazakhstan’s gross foreign debt as of March 31, 2012 stood at $129.3 billion
According to Mr. Marchenko, the debt of the Government and the National Bank make up 4% of the overall debt figure, that is $5.2 billion.
Kazakhstan Central Bank’s Governor on economic prospects
The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.
National Bank’s Governor doesn’t rule out further slashing down the key rate
In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.
Kazakhstan to shortly ban Ponzi schemes
The country’s General Prosecutor’s Office is drafting amendments [before September 2012] into the national legislation to introduce liability for those starting or running Ponzi schemes.