Freedom Holding Corp. Acquires the Kassa Nova Bank
Closing of the deal is expected by the end of the year
Banks & Finance
UN Proposes That Kazakhstan Introduces Basic Income due to COVID-19
The proposal also concerns other developing countries
Kazakhstani Finance Ministry Raises 11 Billion Tenge at KASE
More than half of one-year bonds were bought out by Kazakhstani banks
Halyk Bank Shareholders Have Decided to Make Dividend Payouts
The payments will be made by using retained net income for previous years
Shares of Halyk Bank Slide Down Shortly Before Dividend Payments
This is a common situation when book is closing, analytics says
National Bank of Kazakhstan Cuts Base Rate to 9%
The regulator has also narrowed interest rate collar to +/- 1.5 p.p.
Kazakhstan Provides Economy with More Than $500 Million in Loans
Long-term loans dominate, short-term loans shrink
Russia Wants to Ban Cryptocurrency
What the consequences might be for this market in Kazakhstan
The State Plans to Shrink Its Stake in the Uzbekistani Banking Sector
Shares in six commercial banks should be sold out
World Central Banks Rescue Stock Markets
Kazakhstan’s regulator adopts best practices. However, investors want the agency to go further
Kazakhstan’s National Bank Moves to Nur-Sultan
The agency is obliged to change its location by July 1
“When a Crisis Hits an Economy Modest Devaluation Is Good”
A EBDR representative in Central Asian shared his opinion about the Kazakhstani economy
World Bank Will Support Uzbekistan’s Anti-Crisis Program
Provided funds will be spent on health and social security
Kazakhstan Faces Recession
Due to lower oil prices, the country’s GDP is expected to lose 0.9% in growth
Uzbekistani Government Sells Huge Part of its Businesses to the Private Sector
Investors will have a chance to purchase a share in more than one thousand government-owned companies
What Kazakhstan Must Do to Save Its Foreign Currency and Gold Reserves
The investors' trust in the country’s economy might be helpful, said Timur Turlov, CEO of the Freedom Holding Corp.
ADB Will Assist Kazakhstan to Fight Coronavirus
Asian Development Bank is ready to provide help with equipment and training
Uzbekistan Allocates One Billion Dollars to Establish Anti-crisis Fund
This step is aimed to support national economy during turbulence on markets
Kazakhstan Will Stimulate Investments in 5G
The government will also relieve some transportation companies of VAT for three years
Uzbekistan Develops Fruit-and-Vegetable Cluster
The goal is to increase export
Ministry of Trade Is Ready to Expand Kazakhstani Export
Sultanov reveals the ministry’s plans
Japanese Financial Corporation Will Provide Uzbekistani National Bank with $200 Million
The tranche will be allocated to investment projects
Mastercard Cards Can Now Be Used Countrywide in Uzbekistan
Local payment system Humo is expanding its network of bank terminals
Uzbekistani Bank Has Placed Eurobonds On LSE for the First Time
Demand for the bank’s securities turned out to be high