Kazakhstan and Turkmenistan to boost bilateral trade with new railway link in place
The railway link Uzen (Kazakhstan) – Kyzylkaya – Bereket – Etrek (Turkmenistan) – Gorgan (Iran) totals 934.5 km, with the longest part (722.5 km) running across Turkmenistan. The Kazakhstan’s section makes up 130 km, with the other 82 km running across Iran.
09 October 2014
National payment system in Kazakhstan unfeasible: experts
Amidst sanctions standoff between the West and Russia, Kazakhstan is concerned with the lack of its own payment system. Experts comment on possibilities and limitations in introducing such a system.
Russia probes McDonald's children charity
Russian prosecutors have launched a probe into a charitable fund run by the McDonald's restaurant chain, the organisation's director said.
08 October 2014
IMF slashes Brazil growth forecast for 2014
The International Monetary Fund slashed its 2014 economic growth forecast for Brazil by a full percentage point, blaming weak investment and a consumer funk.
Hewlett-Packard to split business: report
HP is poised to become the latest technology firm to split into two entities by separating its computer and printer businesses from its corporate hardware.
Kazakhstan’s ex Central Bank Governor on e-money
According to Mr. Marchenko, member states of the Customs Union are excessively dependent on foreign payment systems, with introduction of e-currencies by large Western corporations posing a threat to the national security.
Kazakhstan’s Energy Minister on petrol shortages
Back September 16 First Vice Energy Minister told a briefing that petrol production at the three Kazakhstan-based oil refineries in September is estimated at 250 000 tons, with the current monthly demand for petrol standing at 280 000 tons.