Main | Economy

Economy

Russia ruble news finance Europe economy price aircraft airlines dollar expensive flights increase Kazakh Kazakhstan Air Astana Tenge policy money exchange rate tickets Central Asia transport plane risk rating default CIS Oil LUKOIL China currency Venezuela Debt Egypt Greece insurance Pakistan Turkey Ukraine Brazil Prime-Minister Massimov Australia Canada city culture Education environment Healthcare infrastructure Almaty Asia Pacific USA South Korea Samsung company Apple Americas European Central Bank National Bank post appointment Astana Corruption EXPO-2017 Nazarbayev Nursultan Nazarbayev Akim explosion

Russian ruble falls to 2015 low as stocks plunge Russia's battered ruble sank to its lowest point this year as Asian and European stock markets nosedived on concerns over the Chinese economy.

25 августа 2015

Kazakhstani airline SCAT increases ticket prices by 20% Following suit of the Kazakhstan national airline Air Astana, another Kazakh airline SCAT has announced a ticket price rise.

24 августа 2015

Experts comment on Kazakhstan's decision to abandon control of tenge Kazakh and foreign experts have commented on the recent decision of Kazakhstan to stop defending its tenge and send it floating.

24 августа 2015

Air Astana raises airline ticket price Kazakhstan’s national airline Air Astana has raised ticket prices on international flights after Kazakhstan floated the tenge.

24 августа 2015

SCAT eyes 20 Russian Sukhoi Super Jet-100s Kazakhstani SCAT is to contract 20 Russian Sukhoi Super Jet-100 (SSJ-100) aircraft.

21 августа 2015

Threat of default in Kazakhstan assessed by analysts Kazakhstani experts comment on Bank of American Merrill Lynch placing the Central Asian country among ten countries most vulnerable to a sovereign default.

21 августа 2015

Russia’s LUKOIL sells 50% in Caspian Investments Resources Ltd. to China’s Sinoptec Caspian Investments Resources Ltd. is developing five oil field in Kazakhstan, notably Alibekmola, Kozhassai in Aktyubinsk oblast, Karakuduk, Severny Buzachi and Arman in Mangistau oblast.

21 августа 2015

Analysts on fair market exchange rate of USD to tenge August 20 the country’s Central Bank renounced its policy of the set currency band, letting the national currency float freely.

21 августа 2015

Kazakhstan listed in Top 10 World's Riskiest Sovereign Debt? Kazakhstan has been put on the map of the world's riskiest sovereign debt by Bank of America Merrill Lynch. Really?

20 августа 2015

Kazakhstan’s PM Karim Massimov on further economic prospects The Government will be rendering support to socially vulnerable groups of population. In the long run (…) it’s impossible to support all troubled industries out of taxpayers’ money: Karim Massimov.

20 августа 2015

Almaty among Top 100 liveable cities: Economist Intelligence Unit Economist Intelligence Unit (EIU) rated 140 cities by livability. Kazakhstan's Almaty got the 100th place.

20 августа 2015

Kazakh currency falls 23 percent after switch to free-float Energy-rich Kazakhstan announced it was abandoning its currency band for a free-floating exchange rate, in a move that triggered a 23-percent fall in the value of the tenge against the US dollar.

20 августа 2015

Samsung to appeal to US Supreme Court in Apple patent case South Korean technology company Samsung is filing a petition to the US Supreme Court in its long-running patent infringement case against Apple.

20 августа 2015

Greece repays 3.4 bn euros to European Central Bank: source Greece has repaid 3.4 billion euros ($3.79 billion) due to the European Central Bank, a source close to the Greek government said after the launch of a massive new reforms-for-bailout deal.

20 августа 2015

PM Massimov on how Kazakhstan avoided default From August 20 the National Bank and the Government have decided to implement a new monetary policy based on inflation targeting and to renounce the earlier practiced currency corridor.

20 августа 2015

Kazakhstan central bank on why fixed currency exchange rate had to be renounced Inflation targeting is another type of monetary policy that rests on the inflation rate in the mid run, rather than on the currency exchange rate: Kairat Kelimbetov.

20 августа 2015

Kazakhstan opts for floating exchange rate for its currency The National Bank will not be directly defining the exchange rate, but will retain the right to rely on currency interventions if the financial system faces threats of destabilization.

20 августа 2015

Causes of tenge-dollar exchange rate spike unclear People in Kazakhstan wonder about the meaning of August 19 spike in tenge-dollar exchange rate, while the National Bank keeps silent.

20 августа 2015

Newly appointed Chairman Yessimov lays off top management of Astana EXPO-2017 Akhmetzhan Yessimov, the newly appointed Chairman of the Board of Astana EXPO-2017 National Company, has started restructuring the company.

19 августа 2015

Tianjin blasts echo across economy The economic impact of the Tianjin explosions could reverberate for months.

19 августа 2015

TENGRI LIFE

TENGRI TRAVEL