News about economy
OECD to share experience with Kazakhstan
The OECD (Organisation for Economic Co-operation and Development) and Kazakhstan are planning to agree upon and sign a country cooperation program for 2015-2016.
10 July 2014
China's economy on track as June trade surplus jumps
China's monthly trade surplus jumped 16.4 percent in June to $31.6 billion, official data showed Thursday, as exports and imports both rose in the latest sign of recovering strength in the world's second-largest economy.
10 July 2014
Kazkom-BTA merger may produce largest universal bank in region
Kazkommertsbank and Kazakh businessman Kenes Rakishev have completed the acquisition of BTA Bank from Samruk Kazyna Kazakhstan's national wealth fund.
07 July 2014
'40 percent' of Madagascar budget lost to corruption: PM
Madagascar's Prime Minister Roger Kolo has vowed to stamp out corruption after revealing that 40 percent of his country's budget is lost to graft.
05 July 2014
Japan tax hike boosts inflation, hurts spending in May
Inflation hit a three-decade high and unemployment dipped further in Japan, data showed Friday, as the government's bid to jumpstart the economy takes hold, even as analysts warned it was too early for celebrations.
27 June 2014
Global economic situation requires state budget changes: Massimov
Prime Minister of Kazakhstan Karim Massimov said that changes to the state budget were needed to support the Kazakhstan economy afore the changing economic situations in Russia and China.
25 June 2014
New debt would be 'worst possible' error in EU: Schaeuble
Running up new debt would be "the worst possible" thing to do, German Finance Minister Wolfgang Schaeuble said on Tuesday as a debate resurfaces over an easing of EU fiscal rules.
24 June 2014
G20 lagging on growth targets: Australia
Reforms proposed to lift global growth in line with a target set by the world's biggest economies earlier this year are so far falling short, Australian Treasurer Joe Hockey said.
23 June 2014
Ongoing crisis in Ukraine negatively affects Kazakhstan's economy: Dossayev
Kazakh Minister of Economy and Budget Planning Yerbolat Dossayev said that the ongoing crisis in Ukraine and the slowdown of the Russian economy posed risks to the Kazakhstan economy.
22 June 2014
After eurozone crisis, IMF rethinks rescues
The International Monetary Fund is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default better options to stabilize their finances.
21 June 2014
Nazarbayev and Abdullah II discuss cooperation between Kazakhstan and Jordan
President Nazarbayev has discussed prospects and development of bilateral cooperation with the King of Jordan Abdullah II.
20 June 2014
Three major projects sealed by Kazakhstan and Korea
Kazakhstan and Korea have agreed on three major joint projects: construction of the Balkhash Thermal Power Plant, construction of a gas chemical facility in Atyrau Oblast and development of Zhambyl oil and gas field.
20 June 2014
Argentina says won't make next bond payment in US
Argentina will not make a bond service payment due June 30 in New York as ordered by a US judge, the economy ministry said Wednesday, moving the country closer to default.
19 June 2014
Kazakhstan GDP growth slows down: S&P
Standard & Poor’s rating agency predicts a decline in Kazakhstan GDP to 4.5% due to reduced volumes of oil production and a slowdown of the Russian economy.
18 June 2014
Argentine president says country will avoid debt default
President Cristina Kirchner said that there would be no default in payment of Argentina's restructured debt, after a US Supreme Court ruling piled pressure on the country's finances.
17 June 2014
S&P lowers Kazakhstan's credit-rating outlook to Negative
Standard & Poor’s has changed Kazakhstan’s credit-rating outlook from Stable to to Negative.
16 June 2014
Morocco raises 1bn euro bond on international market
Morocco has raised one billion euros ($0.7 billion) on the international market in a 10-year bond at 3.5 percent, Finance Minister Mohamed Boussaid said.
14 June 2014
Japan's Q1 growth fastest in more than two years
Japan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
10 June 2014
Kazakhstan wants to export coal to Ukraine, China and Europe
Kazakhstan is viewing Ukraine, China and Europe as new markets for its coal.
02 June 2014
Shuvalov outlines Eurasian Economic Union timeframe and benefits
Prominent Russian politician Igor Shuvalov talked about benefits of the Eurasian Economic Union in Kazakhstan's Astana.
30 May 2014