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Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.

The larger the pension savings pool is, the more investment tools are needed to secure a sufficiently high yield: Marchenko.

Astana and Almaty residents transferred almost 100 billion tenge to pension funds in 7 months of 2013.

Pavlodar authorities are planning to make one of the densely populated regions of the city green and energy-efficient in the nearest two years.

Halyk Bank, Kazkommertsbank and Temir bank are among the first banks to participate in the state-run program.

Savings in Kazakhstan's pension funds grew 20.1 percent and made 3.2 trillion tenge ($20.7 billion) in 2012.

Creation of the single pension fund does not mean nationalizing of pension savings: the savings will still be owned by the citizens: Vice-PM of Kazakhstan.

A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.

The bank called them "preferential stakes", but Inocencio Merino would prefer to have avoided them.
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