The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.
Kazakhstan National Bank will attract Kazakhstan manufacturers for the next cars procurement tender.
According to him, speculations on a second possible wave of the global financial crisis will be persistent for at least another 9 months until the Bundestag election is over and Eurozone issues are resolved.
He noted that the lowest inflation rate since 1999 is bolstered by a number of factors, including somewhat decreasing prices for foodstuffs and crude oil.
Head of Kazakhstan National Bank believes that the fuel prices in Kazakhstan have to go down amid the global oil prices drop.
National Bank's chairman Gregory Marchenko told the senators his opinion of the prospect of creation of the agricultural bank in Kazakhstan.
The retirement age should be leveled for men and women in Kazakhstan if for no other reason than because women of the older generation are more qualified and experienced: Marchenko.
There is a clear signal that both cost of borrowed money and interest rates on loans should be lowered: Central Bank Governor.
So far we don’t plan to further change the breakdown of currencies in the nation’s currency reserves: Central Bank Governor.
Besides, Kazakhstan may do pretty well with the oil prices standing in the range of $95-100 per barrel: Central Bank Governor.
US companies have directly invested into the Kazakh economy $22 billion, with the overall US investments into the Kazakh economy since Kazakhstan gained independence standing at $38 billion.
Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.
According to him, it will take time for the Customs Union member states to work out common rules of the game.
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.
Earlier the Bank decided to set the key rate at 6.5% starting from April 1, which is the lowest rate ever.
The vehicle will be used to buy out bad loans not related to the real estate market: Central Bank Governor.
The National Oil Fund assets managed by the National Bank will be used to purchase the bonds.
BTA bank will continue into the second restructuring. Alliance Bank will be merged or sold to a strategic investor.
12-month inflation rate in Kazakhstan has reached its 14-year minimum as of April 2012: Marchenko.
The external conditions for Kazakhstan, a commodity exporter, are extremely favorable: Gregory Marchenko.