Progress of implementation of State Program for Accelerated Industrial-Innovative Development of Kazakhstan in 2010-2014

Progress of implementation of State Program for Accelerated Industrial-Innovative Development of Kazakhstan in 2010-2014The State Program for Accelerated Industrial-Innovative Development of Kazakhstan in 2010-2014 was developed at the encouragement of President Nursultan Nazarbayev in his 2010 State of the Nation Address “A New Decade – A New Economic Growth – New Opportunities of Kazakhstan,” as well as in accordance with the Strategic Plan for the Development of Kazakhstan till 2020.

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Kazakhstan’s Air Astana poised to complete several milestones in 2012 including IPO

Kazakhstan’s Air Astana poised to complete several milestones in 2012 including IPOAir Astana is opening a new chapter in its short but so far highly successful history as the Kazakhstani carrier approaches its second decade. Air Astana, which launched services in May-2002, is now preparing for an initial public offering which should generate capital to support further rapid growth. The IPO and 10th anniversary are two of several potential milestones for the carrier in 2012.

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Fitch rates Kazakhstan’s Sberbank subordinated bonds ‘BB+’

Fitch rates Kazakhstan's Sberbank subordinated bonds 'BB+'Fitch Ratings has assigned Kazakhstan-based Subsidiary Bank Sberbank of Russia ‘s (SBK) KZT20bn subordinated bonds a Long-term local currency rating of ‘BB+’ and a National Long-term rating of ‘AA-(kaz)’. The bank has a Long-term local currency Issuer Default Rating of ‘BBB-‘ and a National Long-term rating of ‘AA(kaz)’, both with Stable Outlook.

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