In 2017, the amount of investment income made 51.5 billion tenge, according to CEO of the JSC Unified Accumulative Pension Fund Nurbubi Nauryzbayeva. In her words, in the first quarter of 2017, pension assets increased by 153 billion tenge and comprised 6 trillion tenge as of April 1. 98% of all the retirement savings was…
The international rating agency Fitch Ratings has affirmed Kazakhstan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BBB’ with Stable Outlooks. The issue ratings on Kazakhstan’s senior unsecured foreign-currency bonds have also been affirmed at ‘BBB’, Fitch said. The Short-Term Foreign- and Local-Currency IDRs have been affirmed at ‘F2’. The Country Ceiling has been…
South Kazakhstan region plans to repair 123 high-rising apartment buildings under the Regions Development Program 2020, the press service of the local administration says. The repair works in 98 apartment buildings will be finished by the end of the year. In general, the region plans to repair 21 high-rising apartment buildings in Shymkent, 37 in…
A direct flight between Dushanbe and the Kazakh capital of Astana is expected to be launched in summer. The possibility of opening of the direct flight between Dushanbe and Astana was reportedly discussed at a meeting of Tajik Minister of Transport Khudoyor Khudoyorzoda with Kazakh Ambassador to Tajikistan Nurlan Seitimov. The two sides discussed issues…
Tsesnabank JSC informed it has received a permission of the National Bank to acquire a major stake in Bank CenterCredit JSC and approval to become a bank holding. “Tsesnabank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE on receipt on April 10, “of permission No. 19 dated April 7,…
Kazakh car plant SaryarkaAvtoProm, located in Kostanay, started the production of Chevrolet NIVA cars from the car kits supplied from Tolyatti, Russia, GM AvtoVAZ said in a message on April 10. GM AvtoVAZ and SaryarkaAvtoProm signed an agreement on delivery of car kits in January. Kazakhstan is one of the most important export markets for…
The international rating agency StandaS&P Global Ratings has affirmed its ‘D/D’ long- and short-term issuer credit ratings on Kazakhstan-based Delta Bank, the rating agency said in a message. At the same time, the agency affirmed the ‘D’ Kazakhstan national scale rating. S&P also affirmed its ‘D’ issue-level ratings on its senior unsecured bonds. “The affirmation…