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Brussels expected to up pressure for economic reform The European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.

28 May 2013

Kazakhstan to pay $16 million to consultants for EXPO-2017 These are the funds to pay the fees to consultants for registering Kazakhstan's profile: Minister of Economy.

27 May 2013

Kerry unveils $4 bn Palestinian investment plan US Secretary of State John Kerry unveiled Sunday a plan to boost the Palestinian economy by attracting $4 billion in private investment, saying it could transform the lives of the people.

27 May 2013

Guatemala extradites ex-president to US Guatemala extradited former president Alfonso Portillo to the United States on Friday to face charges of laundering $70 million of swindled government funds through US banks.

27 May 2013

'Furlough Friday' hits US federal employees The first day of US government furloughs imposed by a budget crunch saw more than 100,000 federal workers ordered to stay home Friday.

25 May 2013

Kazakhstan to spend 2% of its GDP annually on green technology It’s unjustified carelessness to postpone searching for solutions to environment-related issues: President Nazarbayev.

24 May 2013

Kazakhstan’s Central Bank Governor on single currency within Customs Union It could take us a decade if we build on the Eurozone experience, he believes.

24 May 2013

Kazakhstan’s President suggested working out global mechanisms to regulate issuance of derivatives and exercising control over offshore zones According to him, money siphoned off national economies is like a delayed-action mine that could detonate any time.

23 May 2013

40 agreements worth $400 million to be signed at Astana Economic Forum Over 40 memorandums and agreements totally worth $400 million will be signed during the 6th Astana Economic Forum in Kazakhstan.

22 May 2013

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Sberbank Kazakhstan and Development Bank of Kazakhstan to jointly finance projects Besides, Sberbank Kazakhstan has signed an agreement with IFC, with the latter providing a loan to finance S&Mbs.

22 May 2013

Processing of crude into high value-added products is an effective way for Kazakhstan to attract international investors: ADB Such projects will bring forth valuable technical know-how, enabling Kazakhstan to transform into a hub of modern industrial production and a source of innovations within the region.

22 May 2013

Kazakhstan’s National Oil Fund could be a possible source to finance infrastructure projects: ADB Vice-President for Private Sector and Cofinancing Operations According to her, Kazakhstan has no clear strategy in place to attract money to finance this kind of projects.

22 May 2013

Bank of Japan says no new easing measures The Bank of Japan on Wednesday held off fresh easing measures, saying after a two-day policy meeting that a continuation of steps introduced last month would help Japan overcome deflation.

22 May 2013

Central Bank Governor on pension reforms According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.

20 May 2013

Bird flu costs China industry $65 bn: state media China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($65 billion) as consumers shun chicken.

20 May 2013

Great Britain to pay Kazakhstan $300-400 thousand for military transit per year Kazakhstan will be receiving $300-400 thousand per year from Great Britain from transit of military cargoes via its territory.

20 May 2013

S&P warns India could face junk status India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.

19 May 2013

Mexico cuts 2013 growth forecast to 3.1% Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.

18 May 2013

Hollande's headache worsens as France slips into recession President Francois Hollande's nagging headache to reboot the French economy has turned into a migraine as the economy slipped into its second recession in four years, fuelling speculation of an impending cabinet reshuffle.

16 May 2013