Eurozone must take 'decisive' measures, Obama says
US President Barack Obama said Monday that the eurozone is not buckling under the weight of the debt crisis, but that "decisive steps" have yet to be taken.
Kazakhstan Central Bank’s Governor on economic prospects
The worst scenario envisages measures in case the oil price hits the bottom of $40 per barrel. The Government in partnership with the National Bank have developed respective action plans, incentives to support the economy: Gregory Marchenko.
Euro inches off multi-year lows in Asian trade
The euro inched higher in Asian trade on Wednesday after hitting new multi-year lows against the dollar and yen amid worries over the European debt crisis.
Markets panic as eurozone faces turbulent summer
The world market panic that started the week looked all too familiar: an alarming reminder of last summer's financial storm brought on by the eurozone debt crisis.
Moody's cuts Germany outlook
Moody's took the first step toward stripping Germany of its coveted AAA credit rating on Monday, cutting the outlook for Europe's largest and most pivotal economy to "negative."
Euro falls to lowest against yen in over a decade
The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit owing to growing fears about Spain's debt crisis.
Departing IMF economist rips fund's leadership
A departing senior IMF economist has excoriated the fund, alleging it failed to address Europe's crisis and "suppressed" its challenges.
Police fire rubber bullets after huge Madrid crisis protest
Spanish police fired rubber bullets and charged protestors in central Madrid early Friday at the end of a huge demonstration against economic crisis measures.
Economic crisis will not hit Kazakhstan until 2014: expert
Expert of the Institute of Economic Research expressed his opinion on the effect of the global economic crisis on Kazakhstan.
New Greek government wins confidence
Greece's coalition government breezed through a largely symbolic confidence vote late Sunday, winning the tough mandate of tackling a two-year-old crisis and keeping the country safely in the eurozone.
Approaching crisis is a test-drive for Kazakhstan: Nazarbayev
Kazakhstan President told about Kazakhstan's response to the possible second wave of the financial crisis.
Furious Spanish investors seek Bankia scalps
Furious pensioners who lost savings through investments in ruined lender Bankia booed its managers Friday, branding them thieves, at the first shareholders' meeting since the bank's huge rescue.
2013 budget cuts are likely: Massimov
Prime-Minister Karim Massimov told the Parliament that Nursultan Nazarbayev had instructed to consider "a negative scenario for 2012".
Kazakhstan President told about sweet loans and crisis immunity
Nursultan Nazarbayev mentioned that he does not feel the new wave of the global financial crisis coming.
Nazarbayev compared saving global economy with dollars to firefighting with petrol
Each new billion of dollars can cause a billion of new social problems: Nursultan Nazarbayev.
Global crisis may be good for Kazakhstan economy
Expert opinions about the benefits of the global crisis for Kazakhstan's economy.
Kazakhstan has enough funds to withstand a financial crisis: National Bank Governor
According to him, the major issue how to manage the funds. The management, in its turn, will depend on possible manifestations of the anticipated crisis.
Kazakhstan to prepare detailed anti-crisis plan
Kazakhstan Ministry of Economic Development and Trade has been instructed to prepare a detailed anti-crisis plan.
7 companies to take part in Post-Crisis Recovery Program
Kazakhstan is running a program to help competitive companies of strategic significance for the country’s economy recover from the crisis.
Second wave of the global crisis to hit the world in 2012-2013: PM Karim Massimov
“[The second wave] will take place in 2012-2013. No politician is able to take any measures to prevent that: K. Massimov
