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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.

25 July 2012

National Oil Fund’s average annual earning capacity stands at 4.51% The Fund’s assets in 2011 and the H1 2012 grew by $20.8 billion: National Bank’s Governor Gregory Marchenko.

25 July 2012

Marchenko ready to buy foreign car at his own expense Kazakhstan National Bank will attract Kazakhstan manufacturers for the next cars procurement tender.

09 July 2012

Economic uncertainty to last for at least another 9 months: National Bank Governor 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.

05 July 2012

19 out of 29 gold-mining companies pledge to supply gold to the Astana refinery In August 2011 the National Bank announced it would be exercising its preemptive right to purchase gold to be produced within Kazakhstan.

04 July 2012

Annual inflation rate may be below 6% at the end of 2012: National Bank Governor 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.

04 July 2012

Kazakhstan's gross foreign debt totals $129.3 billion in Q1 According to the National Bank, in the Q1 2012 the foreign debt of the banking sector grew by 1.5% up to $14.823 billion.

02 July 2012

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 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

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

Marchenko gave reasons for leveling retirement age 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.

11 June 2012

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 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 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 commemorative banknote with a nominal value of 10,000 tenge has been acknowledged The Banknote of the Year by IBNS.

05 June 2012

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 investments into the US economy stand at $41 billion: 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.

24 May 2012

Central Bank Governor turns down suggestions of a single pension fund in Kazakhstan Mr. Marchenko emphasized that Kazakhstan needs to think of public private partnerships to launch investment projects inside the country.

16 May 2012

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

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