Timothy Sumer

🎥 Kazakhstan's President Kassym-Jomart Tokayev gave an interview to Bloomberg on June 25 in Akorda Presidential Palace In his interview, President Tokayev signaled a sharp change in policy, telling there will be no more bank bailouts and pledging a “political transformation” in Kazakhstan.... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Title: Kazakhstan President: Pioneering Bank Bailouts, Fueling Economic Growth, and Implementing Policy Changes Introduction The Republic of Kazakhstan, a vast and resource-rich country in Central Asia, has been making remarkable strides in its pursuit of a stable and prosperous economy under the leadership of President Kassym-Jomart Tokayev. This article explores President Tokayev's notable initiatives, particularly the successful bank bailouts, economic growth strategies, and p

Over 60,000 Kazakh residents sign retirement annuity contract. Qazaq TV News #annuitycontract #Kazakhresidents #Kazakhstan #Pensionpayments #insurancemarket Nearly 61,000 residents in Kazakhstan secured lifelong pension payments. They purchased annuities worth over 280 billion tenge (over US$675 million). This was stated at a briefing in the Central Communications Service by a spokesperson of Kazakh Agency for Regulation and Development of Financial Market Sagi Azhibek. He recalled that Kazakh citizens can sign the retirement annuity contract from January 1 of this year. The service is available for people aged over 45. They transfer their savings to life insurance companies. The speaker also told about the legislation’s innovations. From this year, spouses and close relatives can combine their pension savings to purchase the annuity from life insurers. For example, if one of them does not have enough money on his or her pension account, while the other has a surplus, both