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Central Bank Governor advises against borrowing According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.

23 July 2014

Kazakhstan-based car makers facing obstacles to car exports to Russia Not a single one out of the current 5 car making facilities has been able to export its cars, excepting minor one-time supplies.

23 July 2014

Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.

22 July 2014

Air Astana conducts first flight to Ukraine since MH17 crash Air Astana has made its first flight to Kiev since the crash of Malaysia Airlines Boeing 777 over Donetsk region in Ukraine.

22 July 2014

Central Bank Governor on prices for real estate at the threshold of EXPO-2017 According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.

22 July 2014

Monthly average shopping expenses revealed in Kazakhstan Almaty, the biggest Kazakhstan’s city, is ranked 1st in terms of the average monthly expenses, with the average monthly amount standing at 91 000 tenge ($497), 5 times in excess of the subsistence level set for the region.

22 July 2014

Kazakhstan announces grain exports figure Kazakhstan’s 2013 grain harvest (net weight) made up 18.9 million tons. According to the Kazakh Agriculture Ministry, grain exports in the 2013-2014 marketing year were estimated at about 7 million tons.

22 July 2014

Russian steelmaker Severstal announces sale of US plants Russia's steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of $2.3 billion (1.7 billion euros).

22 July 2014

Kazakh company reinsured downed Malaysia Airlines Boeing for $3mln Payments of Kazakhstan-based Eurasia Insurance Company may exceed $3 million in claims over the shot down Malaysia Airlines MH17 flight.

21 July 2014

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IMF chief says low inflation can hit European growth IMF chief Christine Lagarde warned that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

19 July 2014

FedEx indicted for shipping illegal online pharmacy meds The US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies.

19 July 2014

Kazakh airlines to cease using Ukraine airspace Kazakhstani airlines were advised against flying over Ukraine.

19 July 2014

Air Astana changes routes to avoid crossing Ukrainian air space Kazakhstani airlines company Air Astana will change the routes of some of its flights away from Ukrainian airspace.

19 July 2014

S. Korea lifts rice import caps, but vows high tariffs South Korea announced it would scrap rice import caps from next year, but said high tariffs would be imposed to prevent a damaging surge that would hurt local farmers.

18 July 2014

Mobile phones are the future of Kazakhstan's payment system: Massimov Payment system in Kazakhstan may be rebased to mobile phones in future, according to Prime Minister of Kazakhstan Karim Massimov.

16 July 2014

China's growth speeds up to 7.5%, beats expectations Chinese growth accelerated to a forecast-beating 7.5 percent in the second quarter, official data showed Wednesday, as government stimulus provided a much-needed boost to the world's second-largest economy.

16 July 2014

Petrol production in Kazakhstan grows 17% from January to June Earlier the country’s Oil Minister Uzakbai Karabalin assured journalists the country wasn’t going to face any petrol shortages.

16 July 2014

Government slaps $579 million penalty on India's Reliance The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.

16 July 2014

IBRD to loan $36 million to Kazakhstan to enhance legal system President Nursultan Nazarbayev has endorsed a law on ratification of the agreement on a loan between Kazakhstan and the International Bank for Reconstruction and Development.

16 July 2014