Finance and Investment

22.05.2020

Kazakhstan spends 3.5 trillion tenge from the national budget

In Kazakhstan, the amount of financing of anti-crisis measures amounted to 5.95 trillion tenge. According to the Ministry of Finance, 5.9 trillion tenge consists of 3.5 trillion tenge from the national budget, and 2.5 trillion tenge of extrabudgetary funds.

The main expenses are aimed at increasing employment, monthly payments for loss...

In Kazakhstan, the amount of financing of anti-crisis measures amounted to 5.95 trillion tenge. According to the Ministry of Finance, 5.9 trillion tenge consists of 3.5 trillion tenge from the national budget, and 2.5 trillion tenge of extrabudgetary funds.

The main expenses are aimed at increasing employment, monthly payments for loss...

22.05.2020

Baiterek Holding becomes an anti-crisis tool during the state of emergency in Kazakhstan

During the state of emergency from March 16 to May 11, 2020, two presidential anti-crisis packages were announced. Support was provided for small and medium-sized businesses, people, agricultural producers. For almost each of these items, the active participation of subsidiaries of the Baiterek National Management Holding was supposed.

The Baiterek National...

During the state of emergency from March 16 to May 11, 2020, two presidential anti-crisis packages were announced. Support was provided for small and medium-sized businesses, people, agricultural producers. For almost each of these items, the active participation of subsidiaries of the Baiterek National Management Holding was supposed.

The Baiterek National...

22.05.2020

Economic shock in the region bares higher risks than expected

S&P Global listed the risks for the CIS countries in 2020. During an online conference, leading emerging market economist Tatyana Lysenko noted that this year was the worst in decades for developing countries. Each month of restrictions reduces annual economic growth by about 3%, depending on the country.

"We predict that...

S&P Global listed the risks for the CIS countries in 2020. During an online conference, leading emerging market economist Tatyana Lysenko noted that this year was the worst in decades for developing countries. Each month of restrictions reduces annual economic growth by about 3%, depending on the country.

"We predict that...

22.05.2020

Sberbank starts issuing loans at 2% to support employment

Russia’s largest banker and one of Kazakhstan’s most developed banks Sberbank in the near future will begin to issue new targeted loans at companies of all segments from the affected sectors at 2% per annum to pay salaries. This was reported in the press release of the bank.

“According to our...

Russia’s largest banker and one of Kazakhstan’s most developed banks Sberbank in the near future will begin to issue new targeted loans at companies of all segments from the affected sectors at 2% per annum to pay salaries. This was reported in the press release of the bank.

“According to our...

22.05.2020

VTB is ready to participate in a loan program at 2% to support enterprises

VTB Bank, one of Rusia’s leadingbanks with extensive operations in Kazakhstan, is ready to participate in a soft loan program at a rate of 2% to support companies that have suffered due to coronavirus. This was stated in the message of the credit organisation.

"VTB is ready to implement a special...

VTB Bank, one of Rusia’s leadingbanks with extensive operations in Kazakhstan, is ready to participate in a soft loan program at a rate of 2% to support companies that have suffered due to coronavirus. This was stated in the message of the credit organisation.

"VTB is ready to implement a special...


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