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Economy

Prime-Minister news Kazakhstan Kazakh GDP KazMunaiGas Samruk Kazyna
Kazakhstan’s 2012 GDP growth estimated at 5%: PM Serik Akhmetov Kazakhstan’s 2012 GDP growth estimated at 5%: PM Serik Akhmetov According to the International Monetary Fund, in 2011 Kazakhstan was ranked 53rd among 182 countries with its GDP of $214.84 billion.
25 December 2012
KazMunaiGas crude and condensed gas production for the 11 months stands at 19.5 million tons KazMunaiGas crude and condensed gas production for the 11 months stands at 19.5 million tons By 2022 the Company plans to bring the crude production up to 35.4 million tons.
25 December 2012
Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield Kazakhstan doesn’t rule out external borrowings to purchase ConocoPhillips’s stake in the giant Kashagan oilfield The consortium developing the field comprises Eni, Shell, ExxonMobil, Total and KazMunaiGaz (all with a 16.81% stake) as well as ConocoPhillips (8.4%) and Japan's Inpex (7.56%).
25 December 2012
Vietnam seeks economic boost with fresh rate cuts Vietnam seeks economic boost with fresh rate cuts Vietnam on Monday cut its key interest rates for the sixth time in 2012 in an attempt to boost an economy growing at the weakest pace in more than a decade.
25 December 2012
Foreign banks loan $1 billion to Kazakhmys Foreign banks loan $1 billion to Kazakhmys Kazakhstan's Kazakhmys has signed an agreement on a pre-export credit line of $1 billion from a range of foreign banks.
24 December 2012
Gazprom to pay Kyrgyzstan's gas debts to Kazakhstan Gazprom to pay Kyrgyzstan's gas debts to Kazakhstan Russian Gazprom, the new owner of KyrgyzGas, will pay Kyrgyzstan’s gas debts to Kazakhstan.
24 December 2012
Japan's new China envoy urges stronger economic ties Japan's new China envoy urges stronger economic ties Japan's new envoy to China urged stronger economic ties with Beijing in an interview broadcast Monday, after the incoming premier pledged to mend bilateral ties strained by a bitter territorial row.
24 December 2012
Belize PM says debt deal reached with creditors Belize PM says debt deal reached with creditors Belize has reached a deal in principle with creditors to restructure about half of its unpaid debt after "long and arduous" talks, allowing the country to avoid default.
24 December 2012
ConocoPhillips sells off Nigerian operation ConocoPhillips sells off Nigerian operation US energy giant ConocoPhillips has agreed to sell its Nigerian operations to growing African group Oando for 1.79 billion dollars (1.35 billion euros).
21 December 2012
TENGRI LIFE
TENGRI TRAVEL
Kazakhstan service for Instagram got into Russian Startup Rating Kazakhstan service for Instagram got into Russian Startup Rating Printogram.me is used for printing photos from Instagram in the form of photographs, polaroids and paintings for interior decorations.
21 December 2012
Cyprus bailout talks won't wrap up this year: IMF Cyprus bailout talks won't wrap up this year: IMF Talks on a bailout for Cyprus are not expected to wrap up this year, the International Monetary Fund said Thursday.
21 December 2012
Almaty companies win quarter of all Kazakhstan's state procurenment contracts Almaty companies win quarter of all Kazakhstan's state procurenment contracts Local content has increased 2.5-fold since the beginning of the State Procurement Order campaign 4 years ago: Almaty Akim.
21 December 2012
US shooting fuels bullet-proof backpack sales US shooting fuels bullet-proof backpack sales On the heels of the deadly shooting tragedy in Connecticut, parents' anxiety is driving a surge in sales of bullet-proof backpacks, in the hope the armored bags can give their kids a safety edge.
20 December 2012
Apple "pinch-to-zoom" patent deemed invalid Apple "pinch-to-zoom" patent deemed invalid A filing Wednesday in a high-stakes legal battle between Samsung and Apple revealed that a "pinch-to-zoom" patent central to the case has been deemed invalid.
20 December 2012
Christmas debt boons for Greece but risks remain Christmas debt boons for Greece but risks remain Greece opened its Christmas stockings early this year with an unexpected debt rating boon and European Central Bank support but analysts warn that risks remain in the troubled nation's fragile fiscal recovery.
20 December 2012
Obama, Boehner spar on fiscal cliff, deal may go to wire Obama, Boehner spar on fiscal cliff, deal may go to wire US President Barack Obama and House Speaker John Boehner dueled over the fiscal cliff Wednesday, and despite narrowing differences remained stubbornly at odds over how to avoid looming tax hikes and spending cuts.
20 December 2012
World Bank ups Chinese growth projection for 2013 World Bank ups Chinese growth projection for 2013 The World Bank on Wednesday upwardly revised its projection for Chinese economic growth in 2013 from 8.1 percent to 8.4 percent, but predicted the rate would taper off in the longer run.
20 December 2012
Russian Ruble lays claims on common currency role in Customs Union Russian Ruble lays claims on common currency role in Customs Union Introduction of a common currency inside the Eurasian Economic Community that includes Kazakhstan, Russia and Belarus is irrelevant: Russian President's advisor.
19 December 2012
Kyrgyzstan threatens Kazakhstan with claims for gas deficit Kyrgyzstan threatens Kazakhstan with claims for gas deficit Legal and financial claims could be filed against Kazakhstan's KazTransGas for limitation of gas supplies to Kyrgyzstan.
19 December 2012
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