Finance and Investment

24.09.2018

Incomes of local budgets decrease by 1% on-year

Income to local budgets for 7 months of 2018 remained practically unchanged compared to the same period in 2017, and amounted to 2.7 trillion tg (-1%).

In the dynamics of the last five years, revenues of local budgets in the corresponding period increased by 779.7 billion tenge, or 41.6%.

In the structure...

Income to local budgets for 7 months of 2018 remained practically unchanged compared to the same period in 2017, and amounted to 2.7 trillion tg (-1%).

In the dynamics of the last five years, revenues of local budgets in the corresponding period increased by 779.7 billion tenge, or 41.6%.

In the structure...

24.09.2018

Rouble to tenge exchange rate decreases by 1.3%, net sales drop by 10.1% on-month

Net sales of Russian roubles by exchange offices amounted to 51.9 billion tenge in July 2018, which is 10.1% less than in the previous month. The volume of net sales of roubles by exchangers has been decreasing for the third month in a row.

Negative volumes of net sales in July...

Net sales of Russian roubles by exchange offices amounted to 51.9 billion tenge in July 2018, which is 10.1% less than in the previous month. The volume of net sales of roubles by exchangers has been decreasing for the third month in a row.

Negative volumes of net sales in July...

24.09.2018

DBK plans to finance the modernisation of EEC

The Board of Directors of Development Bank of Kazakhstan made a decision to approve the main terms of financing the investment project for the Modernisation of Eurasian Energy Corporation, the message of Kazakhstan Stock Exchange indicated.

EEC produces about 16% of Kazakhstan's total electricity. The corporation continues modernisation of the power...

The Board of Directors of Development Bank of Kazakhstan made a decision to approve the main terms of financing the investment project for the Modernisation of Eurasian Energy Corporation, the message of Kazakhstan Stock Exchange indicated.

EEC produces about 16% of Kazakhstan's total electricity. The corporation continues modernisation of the power...

24.09.2018

S&P updates forecast on Kazakh banks

Shocks in the banking sector inevitably affect the entire market. Bankers are worried about this situation. Under the "reputational" blow the last few years are all players without exception. The annual conference of S&P Global Ratings raised again the issue of support and rescue of banks.

Annet Ess, the deputy director...

Shocks in the banking sector inevitably affect the entire market. Bankers are worried about this situation. Under the "reputational" blow the last few years are all players without exception. The annual conference of S&P Global Ratings raised again the issue of support and rescue of banks.

Annet Ess, the deputy director...

24.09.2018

Kazakhstan tightens state budget, boosts expenditures on social items

The Kazakh government has significantly increased budget spending on social assistance and security this year while achieving an overall decrease in budget expenses compared to 2017.

State budget expenditures totalled 6.2 trillion tenge (US$17.12 billion) from January-July. The figure is 18.8 percent less than the approximately 7.7 trillion tenge (US$21.26 billion)...

The Kazakh government has significantly increased budget spending on social assistance and security this year while achieving an overall decrease in budget expenses compared to 2017.

State budget expenditures totalled 6.2 trillion tenge (US$17.12 billion) from January-July. The figure is 18.8 percent less than the approximately 7.7 trillion tenge (US$21.26 billion)...


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