Kazakhstanis Transfer Over 100 Billion Tenge in Pension Savings to Private Managers
National Bank Chairman Timur Suleimenov said Kazakhstanis have transferred over 100 billion tenge in pension savings from the UAPF to private managers.

National Bank Chairman Timur Suleimenov said Kazakhstanis have transferred over 100 billion tenge in pension savings from the UAPF to private managers.


The dollar rose three tenge to 451.05 on the KASE as Kazakhstan's National Bank cut its base rate to 15.75%. Cash rates in Astana, Almaty and Shymkent.

Kazakhstan's pension savings totaled 28.3 trillion tenge as of October 1, 2026, down 0.6% for the month but up 10% year on year, the UAPF reports.

National Bank Chairman Timur Suleimenov announced the launch of an anti-fraud website and assistant created jointly with Kazakh banks to combat scammers.

National Bank Chairman Timur Suleimenov said introducing family wellbeing categories will not affect lending, as banks have their own scoring models and borrower categories.

National Bank Chairman Timur Suleimenov said banks in Kazakhstan cannot unilaterally cut rates on existing deposit agreements, even after the base rate is lowered.

Kazakhstan's National Bank cut its base rate to 15.75%. Timur Suleimenov cited inflation slowing to 9.3% and GDP growth of 4.2%.

Kaspi Friday will run in Kazakhstan from November 5 to 8, 2026, with discounts of up to 50%, boosted Kaspi Bonuses and installments of up to 24 months.

Economist Ruslan Sultanov explains how the 10% personal income tax is calculated and where Kazakhs' taxes go: 1.96 trillion tenge in 8 months for local infrastructure.

Bank RBK has become the first in Kazakhstan to lend to businesses in digital tenge, with initial deals under the Damu Fund's Orleu program taking four months to launch.

Conscripts in Kazakhstan automatically receive loan deferment for the entire service period and 60 days after: conditions, overdue loans, ban on new borrowings.

The Tesla and SpaceX boards have formed independent special committees to assess a possible merger. Elon Musk backs the idea but has recused himself from talks.

Kazakhstan transferred 58.3bn tenge of pension savings to private management in September, 5.1 times more than in August, with transfers up 3.1 times.

Ukraine spends an average of $266 million a day on military needs in 2026, with costs projected to rise to $297.5 million a day in 2027, the Finance Ministry says.

Kazakhstan and Leningrad Region discussed joint production, agribusiness and freight. Trade rose 2.5% in the first eight months of 2026 to $257.9 million.

Kazakhstan's Energy Ministry proposes lifting the EAEU export ban on road bitumen in the off-season to keep refineries loaded and sell surplus volumes.

Kazakhstan's State Revenue Committee has restricted access to Farfetch after the UK platform failed to comply with a desk audit notice. Pinduoduo and Anthropic paid taxes.

Out-of-court and court bankruptcy or rehabilitation of solvency: conditions, restrictions and advice from Kazakhstan's tax authorities on choosing a procedure.

National Bank of Kazakhstan experts expect inflation to reach 9.5% by end-2026, the dollar to rise to 527.1 tenge by 2028, and the base rate to fall to 11.5%.

FESCO, part of Rosatom, and Kostanay-based Agroplanet have agreed to export Kazakh grain in containers to Vietnam, Malaysia, Thailand, Singapore and South Korea.

GPC Investment will launch processing of 1 billion cubic meters of associated gas at Kashagan in Q4 2027, producing 115,500 tonnes of autogas.

KMG-Aero signs contract with US carrier National Airlines: first Boeing 777 freighter refueled at Turkestan airport, agreement covers five airports in Kazakhstan.

Almaty Region akim Chingis Arinov discussed opening production facilities and building a transport and logistics hub with a Chinese delegation from Nanjing.

National Bank of Kazakhstan survey participants lowered their 2027 average dollar forecast to 499.6 tenge, improving expectations for 2026 and 2028 as well.