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Kazakhstan , Saturday 24 February 2018

News Kazakhstan » Finance: Kazakhstan's financial hub intends to attract about 100 companies

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Publication date: Friday 23 February 2018

The Astana International Financial Center of Kazakhstan (AIFC) intends to register about 100 companies by the end of the year, Center's manager Kairat Kelimbetov said at a government meeting on Feb.20. "The main news for today is the registration of the ...

News Kazakhstan » Finance: Kazakhstan may introduce blockchain technology in 2019

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Publication date: Wednesday 21 February 2018

ASTANA. KAZINFORM - Blockchain technology will be used in Kazakhstan's financial sector in 2019, Deputy Prime Minister of Kazakhstan Yerbolat Dossayev claimed at the extended meeting of the staff of the Finance Ministry on Thursday. "As Minister Sultanov ...

News Kazakhstan » Finance: Kazakhstan's frozen billions sound alarm for sovereign funds

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Publication date: uesday 20 February 2018

LONDON (Reuters) - When a Belgian court ordered a bank to freeze $22.6 billion (16.2 billion pounds) of assets held in trust for a Kazakhstan sovereign wealth fund (SWF), it set a worrying precedent for other SWFs. The case is one of several brought to ...

News Kazakhstan » Finance: Telia's Exit Consolidates State Ownership in Kazakhstan Telecoms Sector

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Publication date: Wednesday 21 February 2018

In mid-January, Kcell announced a three-year 4.95 billion tenge ($15 million) bond, placed on the Kazakhstan Stock Exchange to raise cash for its restructuring. Later in January, Russia’s investment company Freedom Finance increased its stake in Kcell to ...

News Kazakhstan » Finance: EBRD may finance Astana gasification project

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Publication date: onday 12 February 2018

The Kazakh Ministry of Energy is negotiating with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Kazakhstan's Saryarka main gas pipeline. This was announced by Kazakh Energy Minister Kanat Bozumbayev during ...

News Kazakhstan » Finance: Kazakhstan's Qazaq Banki needs shareholder’s support due to weak financial indicators - S&P

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Publication date: uesday 13 February 2018

S&P Global Ratings said today that it lowered its long- and short-term issuer credit ratings on Qazaq Banki to 'CCC+/C' from 'B-/B', and national scale rating to ‘kzB-‘ from ‘kzB+’, and placed its long-term and national scale ratings on CreditWatch ...

News Kazakhstan » Finance: Kazakhstan citizens spent 625,7bn tenge in January this year

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Publication date: hursday 22 February 2018

the average citizen of the finance center spent 109,3 thousand tenge for January, which is by 8.1% higher than in the previous year," says the information. Among the purchases of Kazakhstan citizens 31% (30% in the previous year) made up food products and ...

News Kazakhstan » Finance: Banking crises cast shadow over Latvia financial landscape

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Publication date: onday 19 February 2018

Its reputation as a financial hub was established early ... Offshore companies linked to Mukhtar Ablyazov, accused of defrauding Kazakhstan’s BTA bank of more than $1bn, were alleged in London court documents to have steered cash through a Latvian ...

News Kazakhstan » Finance: China, Kazakhstan to enhance regulatory cooperation

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Publication date: hursday 15 February 2018

The China Securities Regulatory Commission and Kazakhstan's Astana Financial Services Authority have agreed to bolster cooperation on securities and futures regulation. Their memorandum of understanding also covers trade, bilateral exchanges and support of ...