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Kazakhstan is CIS leader in attracting funding from international development banks

Kazakhstan is the most attractive investment magnet among the CIS countries for international development banks. The country's share in the total funding amounted to 46%, Strategy2050.kz reports with reference to Ranking.kz. 

19 February, 2020 10:53

Eurasian Economic Commission and World Bank discussed new cooperation approaches

Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich and Vice President of the World Bank for the Europe and Central Asia Region Cyril Muller met at the EEC headquarters in Moscow on February 11, Strategy2050.kz reports with reference to the official website of the EEC.

12 February, 2020 12:26

Dariga Nazarbayeva met with World Bank representatives in Kazakhstan

Chairman of the Senate of Parliament Dariga Nazarbayeva received Lilia Burunciuc, Regional Director of the World Bank for Central Asia. The event was attended by deputies of the Senate of Parliament and Country Manager of the World Bank for Kazakhstan Jean-François Marteau, Strategy2050.kz reports with reference to the Senate’s press service.

11 February, 2020 17:18

Trade and Integration Ministry shares plans to set up 15 agro-logistics centres

Under the commodity distribution infrastructure it is planned to create 15 agro-logistics centres near manufacturers to collect, store and preprocess goods, says Trade and Integration Minister Bakhyt Sultanov, during the government session taken place today, Strategy2050.kz reports with reference to primeminister.kz.

4 February, 2020 16:49

200 tenge coin put into circulation in Kazakhstan

On January 28, 2020 the National Bank of Kazakhstan will issue bicolor circulation coins with a nominal value of 200 tenge of 2020 sample, Strategy2050.kz reports with reference to the press service of the National Bank.

28 January, 2020 10:38

SDGs localization: Kazakhstan sets new objectives with UNDP, ADB

Kazakhstan wrapped up 2019 by producing its first voluntary national review on the sustainable development goals to start the new year with fresh objectives, including updating a final national list of SDG indicators, amending the current state planning system, as well as localizing the SDGs in the regions, Strategy2050.kz correspondent reports.

16 January, 2020 11:48

ForteBank raises $60mln from EBRD to finance entrepreneurship

ForteBank became a member of the program for financing micro, small and medium-sized businesses by raising funds from the EBRD. This program will help the bank actively lend to enterprises of Kazakhstan on more favorable terms, ForteBank’s press service informs.

30 December, 2019 10:39

Bank CenterCredit to receive loan of up to $40M from EBRD

A loan agreement was signed on December 12 in Almaty. The general financing package includes a 3-year loan of up to $30M in tenge to finance micro, small and medium-sized businesses (SMEs), as well as 3-year loan of up to $10M in tenge for the development of women's entrepreneurship under the EBRD's Women in Business program, the Bank’s press service informs.

13 December, 2019 16:44

94% of Kazakh citizens’ deposits fall on the country’s 10 top banks

Household deposits account for 8.4 trillion tenge out of top 10 banks’ 8.9 trillion tenge of retail as of October this year, come to 94.3% against 94.2% a year earlier and 87.9% five years ago, Ranking.kz informs.

3 December, 2019 10:37

Kazakhstan’s educational institutions to introduce updated educational standards by mid-2020

As part of the mission of the International Bank for Reconstruction and Development Nur-Sultan hosted a series of multilateral meetings of World Bank’s experts and representatives of the Kazakhstan Ministry of Labor and Social Protection. The foreign guests praised the completion of the development and updating of 550 professional standards, on the basis of which educational programs in Kazakhstan will be updated, the Ministry’s press service reports.

25 November, 2019 16:50

Kazakhstan sees decline in foreign bank investments for second consecutive year

Investments in fixed assets from foreign bank loans have more than halved, with the percentage of foreign bank loans amounting to less than 0.1% of the total investments, Finprom.kz informs.

21 November, 2019 10:38

Kazakh citizens’ confidence in tenge on the rise as tenge deposits grew to 56%

Kazakhstan observed a 4.2% increase in bank deposits at the end of September 2019 compared to last year, totalling 8.8 trillion tenge. Over the past five years deposits have grown by 15.5% on average in the corresponding period (from September to September), speaking to an increase in the wellbeing of the population, as well as other indicators including wages in the third quarter rose by 12% within the year, to 191.1 thousand tenge, and household incomes - by 10.7% in the second quarter, up to 579 thousand tenge, Strategy2050.kz informs with reference to Ranking.kz.

15 November, 2019 10:39

Kazakhstan to become key player in regional meat exports

The World Bank publicly discussed the details of the proposed Sustainable Livestock Development Project aimed at facilitating the development of an environmentally sustainable, inclusive and competitive livestock sector in Kazakhstan, Strategy2050.kz informs with reference to the World Bank’s press service.

14 November, 2019 15:27

Kazakhstan seen over 166 thousand active SMEs as of October this year

There are over 166 thousand active small and medium companies across the country, with the banks willing to provide loans to SMEs, 4 out of 10 registered SMEs are active, Ranking.kz informs.

4 November, 2019 10:07

KZT5.4 bn pass through national payment systems every minute

30.6 million transactions amounting to 597.2 trillion tenge have been conducted through the payment systems of the National Bank of Kazakhstan for 9 months of 2019. Moreover, 167.7 thousand payments totaling 3.3 trillion tenge go through the national payment systems daily, that is, on business days 5.4 billion tenge pass every minute, Strategy2050.kz has learnt from National Bank’s official information.

31 October, 2019 17:03

CenterCerdit Bank, EBRD sign a risk participation agreement

CenterCredit Bank and the European Bank for Reconstruction and Development report on the signing of a framework risk sharing agreement when jointly working on Kazakh projects, Strategy2050.kz informs.

29 October, 2019 11:54

Kazakh major banks are turning to online currency conversions – study

Currency conversion through traditional exchange offices may no longer be necessary as major banks are turning to online currency conversions, Ranking.kz reports.

28 October, 2019 12:07

DBK allocates KZT20 bln to support Kazakhstan’s automotive industry

Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Management Holding JSC) provides phased lending to second-tier banks with the aim of financing individual buyers of Kazakhstani passenger cars at the expense of the National Bank of Kazakhstan. To this end, DBK, through the issuance of bonds, has borrowed funds from Kazakhstan Sustainability Fund JSC (a subsidiary of the National Bank Kazakhstan), Strategy reports with reference to the DBK Public Relations Service.

18 October, 2019 15:05

IAEA LEU Bank in Kazakhstan accepted first batch of uranium

The first batch of low enriched uranium (LEU) was delivered to the LEU Bank of the International Atomic Energy Agency (IAEA), located in Ust-Kamenogorsk, on October 16, 2019, Strategy2050.kz reports with reference to the MFA’s press service.

18 October, 2019 11:04

Enhancing transparency in banking system of Kazakhstan

Even though government spent $26 billion to stabilize the banking sector over the past 10 years, some of the recipients have already been reorganized (liquidated), Olzhas Khudaibergenov, Senior partner of the Center for Strategic Initiatives, said.

8 October, 2019 09:38