Finance and Investment

18.06.2021

Kazakhstanis lose 8.5 billion tenge to financial pyramids in 2020

For 2020, Kazakhstanis have assigned 8.5 billion tenge to financial pyramids these are the official data; public assessment speaks of 500 billion tenge. Modern financial pyramids are disguised as investment, brokerage companies, taking forms sometimes indistinguishable from professionals.

Stock market participants say that having a broker's license to engage in professional...

For 2020, Kazakhstanis have assigned 8.5 billion tenge to financial pyramids these are the official data; public assessment speaks of 500 billion tenge. Modern financial pyramids are disguised as investment, brokerage companies, taking forms sometimes indistinguishable from professionals.

Stock market participants say that having a broker's license to engage in professional...

18.06.2021

Volume of loans issued in Kazakhstan continues to grow

At the beginning of May, volume of loans has already exceeded 15 trillion tenge. Ramazan Dosov, a leading analyst of the Association of Financiers of Kazakhstan, noted that, according to the National Bank, preference is mainly given to mortgage and consumer loans.

"Of the total portfolio of loans to individuals of...

At the beginning of May, volume of loans has already exceeded 15 trillion tenge. Ramazan Dosov, a leading analyst of the Association of Financiers of Kazakhstan, noted that, according to the National Bank, preference is mainly given to mortgage and consumer loans.

"Of the total portfolio of loans to individuals of...

18.06.2021

National Bank of Kazakhstan tells about plans to introduce digital tenge

The National Bank told about what resources will be used to create digital tenge. The financial institute explained that the volume of money issue and other parameters of the pilot project will be determined by the scenarios for using the digital tenge and the technological capabilities of the platform.

"Digital tenge...

The National Bank told about what resources will be used to create digital tenge. The financial institute explained that the volume of money issue and other parameters of the pilot project will be determined by the scenarios for using the digital tenge and the technological capabilities of the platform.

"Digital tenge...

18.06.2021

Inspections of small businesses in Kazakhstan decrease by 7 times

Since 2020, a 3-year moratorium has been in effect in Kazakhstan on inspections of small and micro-businesses. The acting Deputy Chairman of the Board of Atameken NCE Erbol Ustemirov told in what cases state bodies can check entrepreneurs.

According to him, businesses can be checked if there are violations that potentially...

Since 2020, a 3-year moratorium has been in effect in Kazakhstan on inspections of small and micro-businesses. The acting Deputy Chairman of the Board of Atameken NCE Erbol Ustemirov told in what cases state bodies can check entrepreneurs.

According to him, businesses can be checked if there are violations that potentially...

18.06.2021

National companies of Kazakhstan pay dividends through foreign currency loans

National companies attracted foreign currency loans to pay dividends to their shareholders. This statement was made by the Accounts Committee following the results of the audit of the quasi-public sector. “There are facts when a foreign currency loan was attracted by a subsidiary of one of the largest national companies...

National companies attracted foreign currency loans to pay dividends to their shareholders. This statement was made by the Accounts Committee following the results of the audit of the quasi-public sector. “There are facts when a foreign currency loan was attracted by a subsidiary of one of the largest national companies...


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