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Economy

Tenge CIS currency devaluation Kazakh Kazakhstan National Bank news savings Central Asia Russia
Kazakh National Bank Governor reiterates tenge stability Kazakh National Bank Governor reiterates tenge stability Kairat Kelimbetov reassures the population of Kazakhstan of the stability of the tenge.
24 January 2015
Russians ready to eat less in crisis, united round Putin: deputy PM Russians ready to eat less in crisis, united round Putin: deputy PM Russians are ready to ride out the current economic crisis, even by eating less food, and to stand by President Vladimir Putin's side regardless.
24 January 2015
Helicopter taxi in Almaty for one grand only Helicopter taxi in Almaty for one grand only Air taxi had started operating in Almaty and Astana.
24 January 2015
Internet will 'disappear', Google boss tells Davos Internet will 'disappear', Google boss tells Davos Google boss Eric Schmidt predicted that the Internet will soon be so pervasive in every facet of our lives that it will effectively "disappear" into the background.
23 January 2015
eBay to slash 2,400 jobs in bid to 'compete and win' eBay to slash 2,400 jobs in bid to 'compete and win' E-commerce giant eBay will slash 2,400 jobs in the current quarter as it restructures and prepares to spin off its PayPal finance unit.
22 January 2015
Russia unveils $21 bn anti-crisis plan Russia unveils $21 bn anti-crisis plan The Russian government unveiled a $21 billion anti-crisis plan to tackle the country's stalled economy.
22 January 2015
Jews, Muslims, Christians tackle 'Charlie', religious violence at Davos Jews, Muslims, Christians tackle 'Charlie', religious violence at Davos What do a rabbi, an archbishop, a top Islamic academic and former British prime minister Tony Blair have in common?
22 January 2015
EBRD on Kazakhstan’s 2015 economic prospects EBRD on Kazakhstan’s 2015 economic prospects Back in September 2014 the Bank had estimated the country’s 2015 growth rate at 5.1%.
21 January 2015
World Bank trims estimate of Ebola economic cost World Bank trims estimate of Ebola economic cost The World Bank trimmed its estimates of the economic damage of the Ebola epidemic.
21 January 2015
TENGRI LIFE
TENGRI TRAVEL
KazAtomProm signs credit agreement worth $450 million KazAtomProm signs credit agreement worth $450 million The borrowed funds will be channeled to refinance the Company’s Eurobonds maturing in May 2015. Back in 2010 the Company issued 5-year Eurobonds worth $500 million, with the money raised being directed to finance uranium mining projects.
20 January 2015
IMF chief warns Greece: 'A debt is a debt' IMF chief warns Greece: 'A debt is a debt' IMF chief Christine Lagard warned of "consequences" if European countries try to renegotiate their debts, ahead of Greek elections.
20 January 2015
Kazakh budget revised amidst dropping oil prices Kazakh budget revised amidst dropping oil prices Kazakhstan is revising its budget because of the falling global oil prices.
19 January 2015
Russian government takes flak as it fails to stem economic crisis Russian government takes flak as it fails to stem economic crisis Russian authorities are coming in for growing criticism from economic insiders concerned over a lack of clear policies to deal with the crisis.
19 January 2015
Moody's cuts Russia debt rating one notch Moody's cuts Russia debt rating one notch Moody's cut Russia's credit rating to one step above junk level Friday and warned the country was under review for a further downgrade.
17 January 2015
Barclays loses tens of millions over Swiss franc move Barclays loses tens of millions over Swiss franc move British bank Barclays has lost "tens of millions" of dollars after Switzerland's central bank scrapped its currency ceiling against the euro.
17 January 2015
Kazakhstan’s Central Bank Governor on tenge prospects Kazakhstan’s Central Bank Governor on tenge prospects According to him, back in 2014 the country’ economy accumulated certain margin of safety. The country’s gold and FX reserves reached $102 billion, including $73 billion with the National Oil Fund.
16 January 2015
Shymbulak should revise its pricing policy: foreign experts Icon Shymbulak should revise its pricing policy: foreign experts Foreign experts believe Kazakhstan’s Shymbulak mountain skiing resort located in Almaty oblast should revise its pricing policy.
15 January 2015
Sanctions-hit Russia in risky bet on Ukraine talks Sanctions-hit Russia in risky bet on Ukraine talks It seems to have played out exactly as Western powers hoped: sanctions and falling oil prices have hit Russia hard.
15 January 2015
Blackberry, Samsung deny takeover report Blackberry, Samsung deny takeover report Canadian smartphone maker BlackBerry's shares jumped then fell back amid rumors of takeover talks with South Korea's Samsung.
15 January 2015
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