Agreement between Alliance Bank and creditors about re-structuring of external debt reached
Almaty. July 8. Kazakhstan Today - The agreement between JSC Alliance Bank and creditors about re-structuring of an external debt has been reached. The chair of the National Bank of Kazakhstan, Grigory Marchenko, informed today during the press conference, the agency reports.
"The agreement on debts re-structuring with creditors was reached yesterday in London," G. Marchenko said.
Speaking about BTA Bank, G. Marchenko said that "this work will proceed until the end of July."
As informed earlier, Alliance Bank proposed debts re-structuring in April. According to the financial institution, Alliance Bank addresses its creditors with the request not to demand immediate payment of debts of the bank within three months and not to apply any sanctions within the limits of the agreements to have an opportunity to develop the plan of re-structuring and re-capitalization."
"All these measures will promote preservation of both financial stability and stable work of the bank and, accordingly, will protect the interests of all creditors of this bank," B. Zhamishev concluded.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
relevant news
In Almaty, a facility for producing car seats is under construction
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Asian region has good potential to continue stimulating global growth and development in upcoming years - Tokayev
Asia is expected to ensure 60% of global GDP growth this year. The continent accounts for 53% of global trade and is home to some of the world's largest and most dynamic economies. Foreign direct investment in Asia has increased significantly in recent years. This region is also home to the world's leading technology centers which ensure 70% of patent developments. The continent has significant human resources, with 21 of the world's 30 largest cities located in Asia. Out of $30 trillion of middle class consumption growth by 2030, only $1 trillion is expected to come from Western economies. As a whole, all these factors point to the so-called "Asian Renaissance," he said.
In this regard, the Boao Forum for Asia became the embodiment of the Asian innovative approach to achieving universal economic progress. It has also proved to be an exceptional symbol of China's commitment to global development," he stressed.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Olzhas Bektenov discussed with ENI Upstream Director Luca Vignati the implementation of joint projects and increasing Kazakh content at Karachaganak and Kashagan
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Olzhas Bektenov and representatives of Société Générale Bank discuss attracting private capital to Kazakhstan
As the Head of State Kassym-Jomart Tokayev noted, it is necessary to actively involve international banks to attract foreign investment in Kazakhstan. In this direction, the Government is ready for mutually beneficial partnership and will assist in the implementation of projects important for the country," Olzhas Bektenov emphasised.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Kazakhstan set to reduce crop areas
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Kazakhstan-Qatar relations at new level: Governments on behalf of heads of state launched investment projects worth $17.6bn
Qatar is an important economic partner of Kazakhstan in the Arab world. The agreements reached during the visit of the Head of State Kassym-Jomart Tokayev to Qatar bring our investment co-operation to a qualitatively new level. We are on the threshold of implementation of large-scale and strategically important investment projects for an unprecedented amount of $17.6 billion," Olzhas Bektenov stressed.
There is a good political basis for strengthening co-operation between our countries. Earlier during the visit, our heads of state expressed readiness to bring cooperation to a higher level and implement a number of joint projects. Our today's meeting will make it possible to realise the agreements reached at the highest level. For our part, we are ready to explore new avenues to broaden and deepen cooperation," Sheikh Mohammed bin Abdulrahman Al Thani said.
- projects for the construction of gas processing plants totalling about $5.7 billion. Implementation of the projects will saturate the domestic market and increase export volumes of marketable gas;
- projects for the construction of the Aktobe-Kostanai and Beineu-Bozoi-Shymkent trunk gas pipelines totalling about $7.7 billion aimed at developing gas supply to Kazakhstan's regions, ensuring natural gas supplies to backbone enterprises and the population of northern regions, and expanding the country's export opportunities;
- projects to build a power plant based on a combined cycle gas turbine with a capacity of 1100 MW and a hydroelectric power plant with a capacity of 350 MW for a total of about $2.7 billion, aimed at ensuring Kazakhstan's long-term energy security;
- projects to build plants for deep processing of wheat, peas and milk.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Kaizen helps save raw materials and water in production
Last year, the plant underwent training on the implementation of the Kaizen lean production system," says Daniyar Kakimov, director of Ferrum Contract LLP. - We invited a trainer who taught employees the principles of Kaizen, introduced them to eight types of losses in production, and taught them how to find problem areas and quickly eliminate them. The training gave a positive result: employees learned to save raw materials, especially PET containers, glue and labels, and most importantly, water and electricity costs decreased. This saves money."
We plan to use part of the costs that QazIndustry reimbursed us for further improvement of production and technological processes, as well as for training workers and improving their competencies," shared D. Kakimov.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Turkestan region has become the leader in investment in the furniture industry
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Most viewed
23.03.2024, 20:39Earth Hour 2024 returns by providing 60 minutes of global unity around the world, in support and celebration of the planet 23.03.2024, 19:31 26401Kassym-Jomart Tokayev has phone conversation with Vladimir Putin23.03.2024, 17:34 23941President chairs extraordinary Security Council meeting25.03.2024, 11:16 18936Olzhas Bektenov leaving note in condolence book at Russian Embassy in Astana25.03.2024, 20:19 18706Head of State sent a telegram of congratulations to the President-elect of Indonesia
04.03.2024, 18:28 94926Implementation of Artificial Intelligence in Geology: Memorandums of Understanding Signed During Kanat Sharlapayev's Visit28.02.2024, 18:03 94741Kazakhstan, Japan agree to resume direct flights29.02.2024, 13:01 90266Eight projects are planned to be launched in the manufacturing industry of the Kyzylorda region01.03.2024, 14:12 88031Kazakh diesel-electric locomotives began to be supplied to Mongolia04.03.2024, 14:47 87251President Tokayev participates in affirmation ceremony of AIFC Court Chief Justice