In September, Kazakhstan’s foreign reserves contracted by 6.48% m/m (down by 14.57% ytd) to USD 24.2bn, the National Bank of Kazakhstan (NBK) has announced. Fx reserves amounted to USD 18.3bn as of Oct 1, while gold reserves amounted to USD 5.9bn. Net international reserves in September declined by 6.64% m/m (down by 14.85% ytd) to USD 23.6bn. The assets of the National Fund of Kazakhstan in September compared with the previous month increased by 1% (up by 15.32 % ytd) and amounted to USD 66.6bn.
Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more
A new trial of Kazakh businessman Tokhtar Tuleshov began on July 13, in which he ... more
Kazakh President Nursultan Nazarbayev signed into law on July 11 a measure allowing only Kazakh citizens with at least five years of experience at government posts to register ... more