Minister of Finance Bolat Zhamishev of Kazakhstan

Zhamishev said the banking regulator had also talked to Italy's Unicredit (CRDI.

Anyway, they will stop paying the export duty even if it is not officially cancelled by a resolution , Zhamishev said at a press conference in Astana on Friday.

Earlier in December, Kazakhstans finance minister Bolat Zhamishev said that starting in January only those companies which will be subject to the newly created rent tax and the mineral extraction tax would be exempt from the export duty.

Zhamishev said the banking regulator had also talked to Italy's Unicredit , the majority shareholder in No.

Zhamishev says that although "there's definitely a lack of high-yield instruments on the market (inflation was 7% last year), our pension funds are not interested in investing in non-resident instruments because the dollar fell against the tenge by 10% last year.

Zhamishev says Kulibayev is licensed to own more than 25% of Halyk.

through 2011, Finance Minister Bolat Zhamishev said today.

However, at the end of May, Kazakh Finance Minister Bolat Zhamishev said that all subsurface resource producers might have to pay the crude export duty.

Speaking on the sidelines of the same meeting, Finance Minister Bolat Zhamishev said the central bank would contribute to the scheme by relaxing minimum reserve requirements, thus unfreezing cash stored in reserve accounts.

Finance Minister Bolat Zhamishev is to take the floor.

Kazakhstan will set up a $6 billion distressed asset fund this year to buy up bad loans from its banks, finance minister Bolat Zhamishev said on Wednesday.