Astana ranked 2nd in CIS by salaries level
Astana is among the top three CIS capitals by an average monthly salary.
S&P cuts Greek outlook to 'negative'
Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.
Central Bank Governor on the tenge and growing demand for the US Dollar
Late May the global oil price fell from $120 to $93 per barrel, which entailed weakening of the Russian rouble. Speculations were sparked that Kazakhstan would follow Russia’s example.
Kazakhstan Central Bank Governor on slashing the key rate
Mr. Marchenko elaborated that so far the National Bank has no plans to revisit the anticipated inflation corridor of 6-8% downwards for the following year.
Turkish economic miracle woos German businesses
As Europe battles its never-ending debt crisis, Turkey, with its flourishing economy, is increasingly attracting the attention of German companies, as well as German-born Turks in search of a job.
Kazakhstan National Bank slashes key rate
The step is related to slowing down in the annual inflation in Kazakhstan: National Bank.
Commodity prices mostly fall on lack of stimulus measures
Global commodity markets mainly fell in subdued trade this week as investors expressed disappointment at the lack of central bank action to kick-start the struggling global economy.
Euro stays weak in Asia after ECB disappointment
The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis.
Kazakhstan slashes the key rate from the current 6% to 5.5% from August 6
In the H1 2012 Kazakhstan slashed its key rate three times: in February from 7.5% to 7%, in April from 7% to 6.5% and in June from 6.5% to 6%.