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Economy

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Oil prices will continue falling: Kazakh economist Oil prices will continue falling: Kazakh economist Kazakhstani economist Vladimir Telnov predicts that global oil prices will continue falling in the next 5 to 15 years.
26 August 2015
China poses risks to global economic recovery: France China poses risks to global economic recovery: France China's faltering growth poses a threat to a recovery in the global economy, France's economy minister Emmanuel Macron said Tuesday.
25 August 2015
Russian ruble falls to 2015 low as stocks plunge 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 August 2015
Kazakhstani airline SCAT increases ticket prices by 20% 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 August 2015
Experts comment on Kazakhstan's decision to abandon control of tenge 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 August 2015
Air Astana raises airline ticket price 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 August 2015
SCAT eyes 20 Russian Sukhoi Super Jet-100s SCAT eyes 20 Russian Sukhoi Super Jet-100s Kazakhstani SCAT is to contract 20 Russian Sukhoi Super Jet-100 (SSJ-100) aircraft.
21 August 2015
Threat of default in Kazakhstan assessed by analysts 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 August 2015
Russia’s LUKOIL sells 50% in Caspian Investments Resources Ltd. to China’s Sinoptec 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 August 2015
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Kazakhstan listed in Top 10 World's Riskiest Sovereign Debt? 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 August 2015
Kazakhstan’s PM Karim Massimov on further economic prospects 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 August 2015
Almaty among Top 100 liveable cities: Economist Intelligence Unit 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 August 2015
Kazakh currency falls 23 percent after switch to free-float 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 August 2015
Samsung to appeal to US Supreme Court in Apple patent case 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 August 2015
Greece repays 3.4 bn euros to European Central Bank: source 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 August 2015
PM Massimov on how Kazakhstan avoided default 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 August 2015
Kazakhstan central bank on why fixed currency exchange rate had to be renounced 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 August 2015
Kazakhstan opts for floating exchange rate for its currency 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 August 2015
Causes of tenge-dollar exchange rate spike unclear 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 August 2015
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