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Russia charms Uzbekistan with massive debt writeoff Russia's President agreed to write off most of the debt owed by Uzbekistan in an apparent bid to steer the Central Asian country towards joining the Eurasian Economic Union.

11 December 2014

Tenge devaluation cannot be ruled out in Kazakhstan: expert Analyst of Alpari company believes the National Bank of Kazakhstan is maintaining the tenge exchange rate at this point, but certain conditions might require devaluing in the future.

10 December 2014

Ablyazov's company loses $1.5 billion arbitrage case against Kazakhstan The Ad hoc Committee of the International Centre for Settlement of Investment Disputes (ICSID) has denied the appeal of Netherlands-based company KT Asia Investment Group BV that demanded $1.5 billion in compensation from Kazakhstan for allegedly nationalising the company's minority share in BTA Bank.

04 December 2014

Kazakhstan National Bank’s gold and FX reserves figure announced Gold and FX reserves of the National Bank have grown by 15.8% since the start of the year.

02 December 2014

Venezuela to slash budget after OPEC steadies output Venezuelan President ordered his government to slash the budget of his oil-dependent and economically-weak nation.

29 November 2014

HSBC unit fined $12.5 mn for unregistered US services A Swiss unit of British bank HSBC has agreed to pay $12.5 million for flouting US rules requiring registration of cross-border brokerage services.

26 November 2014

Kazakhstan’s PM on efforts to overcome excessive dollarization Earlier Tengrinews.kz reported that hat the Central Bank in partnership with the Government intended to come up with a plan to reduce dollarization of the Kazakhstan’s economy.

26 November 2014

Russia to lose some $40 bn a year due to sanctions: minister Russia is set to lose around $40 billion (32 billiUon euros) per year due to Western sanctions over the Ukraine conflict, Finance Minister Anton Siluanov said.

24 November 2014

IMF, World Bank policies may share blame in Ebola crisis Christine Lagarde, the Managing Director of the International Monetary Fund, had just called for an increase in the country's budget deficit so that it could battle Ebola.

19 November 2014

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16-year-old Kazakhstani powerlifter sets new record

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Money from National Fund to help out Kazakh economy Experts talk about tasks set by Nazarbayev in his State-of-the-Nation Address and allocation of additional $3bln in the next three years.

17 November 2014

Obama says US cannot carry 'world economy on our back' President Barack Obama said the United States cannot "carry the world economy on our back" and urged G20 leaders to work harder to create jobs by revving up growth.

15 November 2014

IMF: low oil prices to boost growth The fall in oil prices to their lowest levels in more than three years should give a boost to the sagging world economy, the International Monetary Fund said.

13 November 2014

Kazakhstan developing new payment system: Central Bank Governor “We want to come up with a payment system compatible with leading global payment systems”, he elaborated.

13 November 2014

IMF says Madagascar economy on the mend Madagascar's economy is showing signs of recovery, although spending in key sectors like health and education remain under pressure.

12 November 2014

G20 states spend $88bn in fossil fuel exploration subsidies: report Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies.

11 November 2014

Brazil welcomes FIFA $100 million World Cup legacy fund The President of the Brazilian Football Confederation welcomed the signing of a memorandum enshrining implementation of FIFA's $100 million World Cup Legacy Fund.

11 November 2014

G20 global infrastructure hub set for Australia A global infrastructure hub proposed by G20 nations to help strengthen economic growth will be based in Sydney and funded by Australia.

10 November 2014

Central Bank Governor on situations in Russia and Kazakhstan According to him, “unlike Russia, we enjoy a free access to the international markets (…) the Government has issued sovereign bonds worth $2.5 billion”.

10 November 2014

Russian ruble fall has little effect on Kazakhstan economy: IMF Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.

09 November 2014