The European Bank for Reconstruction and Development (EBRD) is providing a new USD 20mn trade finane guarantee facility to VTB Kazakhstan, a subsidiary of Bank VTB of Russia. The funds will help to facilitate the financing of foreign trade, especially transactions with longer maturities at a time when lending to the real economy remains limited. The funds will also help VTB Kazakhstan to support more importers and exporters in Kazakhstan and to increase the volume of trade between Kazakhstan and other countries of the region. VTB Kazakhstan started its operations in 2009. The bank is set to develop as a universal bank servicing both large corporate clients as well as medium sized business and retail customers. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more