IFC, EBRD and CRG Capital have created a fund for investing in troubled assets in Central and Eastern Europe

/IRBIS, January 13, 2010/ - The International Finance Corporation (IFC), member of the World Bank, European Bank for Reconstruction and Development and the CRG Capital created its first fund dedicated to investing in troubled assets in Central and Eastern Europe, stated in the report circulated by the IFC. Fund for special situations in Central and Eastern Europe will invest in poorly performing companies in support of reconstruction in the region. Fund created CRG Capital. It is planned that the capitalization of the Fund of up to 200 million euros. Initially, the EBRD, IFC and CRG Capital invested in the capital stock 36 million euros. The Fund will focus on the acquisition, trafficking, and corporate resolution of problem assets in Central and Eastern Europe. CORRIDOR OF FLUCTUATIONS IN THE RATE OF TENGE TO THE DOLLAR (+10% / -15%) WILL REMAIN UNCHANGED UNTIL FEBRUARY 5 - NATIONAL BANK OF KAZAKHSTAN /IRBIS, January 13, 2010/ - Corridor fluctuations of tenge against the U.S. dollar (+10 %/ -15%) will remain unchanged to February 15 of this year, said today Chairman of the National Bank of Kazakhstan at a press conference in Almaty. The dollar corridor (up 10%, and down -15%) will remain unchanged till February 5, 2010, the last passage was voiced by 04 February of last year. It will be another wider corridor, - said the head of the National Bank of Kazakhstan. As previously reported, 30 December 2009 National Bank of Kazakhstan said that in 2010 targeting average exchange rate remains at KZT150 to the dollar. However, given the situation on world commodity and currency markets, as well as to create conditions for increasing the flexibility of rate fixing corridor