News about economy

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 10:44

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 00:07

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 11:16

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 14:49

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 16:16

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 20:12

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 17:35

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 01:06

Eurasian Economic Union Treaty signed in Astana The president of Belarus Alexander Lukashenko, Kazakhstan’s president Nursultan Nazarbayev, and Russia’s Vladimir Putin has signed the Treaty establishing the Eurasian Economic Union.

29 May 2014 16:12

Putin to seal new post-Soviet union with Belarus, Kazakhstan Russian President Vladimir Putin on Thursday arrived in the Kazakh capital where he was set to sign a deal with his Kazakh and Belarussian counterparts creating a new economic union championed by Moscow.

29 May 2014 14:10

Nursultan Nazarbayev meets Malaysian PM President of Kazakhstan Nursultan Nazarbayev has met the Prime Minister of Malaysia Najib Tun Razak.

27 May 2014 18:35

Astana shadow economy worth around $4 billion Astana’s mayor Imangali Tasmagambetov declared that the shadow economy in Kazakhstan’s capital Astana is worth around 540 billion tenge ($3.97 billion).

27 May 2014 16:44

China to purchase wheat from Kazakhstan China is going to purchase 100 thousand tons of wheat from Kazakhstan.

26 May 2014 01:35

CICA adopts Shanghai declaration Participants of the 4th Conference on Interaction and Confidence Building Measures in Asia (CICA) have adopted a Shanghai declaration.

23 May 2014 17:53

Kazakhstan should be ready for global economic slowdown: President Nazarbayev We should be ready to face a substantial weakening of the global economy growth (…) the situation seems to be worsening, rather than getting better: President Nazarbayev.

23 May 2014 15:41

Asia should create its own OSCE: Nazarbayev Kazakhstan president Nursultan Nazarbayev addressed the Summit of the Conference on Interaction and Confidence-Building Measures in Asia.

21 May 2014 18:12

Bulat Utemuratov finalizes Temirbank and Alliance Bank purchase and talks about their future Samruk-Kazyna National Wealth Fund finalized sale of its shares in two Kazakhstan banks, Temirbank and Alliance Bank, to Bulat Utemuratov.

20 May 2014 18:21

Swiss turn down world's highest minimum wage Swiss voters on Sunday rejected a proposal to introduce the world's highest minimum wage, which would have guaranteed every worker in one of the world's priciest nations at least $25 an hour.

19 May 2014 12:40

Kazakhstan ratifies treaty with Uzbekistan on strategic partnership President of Kazakhstan Nursultan Nazarbayev has signed the law ratifying the Strategic Cooperation Treaty between Kazakhstan and Uzbekistan.

16 May 2014 16:33

Academic take on baraholka issue in Almaty: American's first-hand experience Dena Sholk, a graduate student in the School of Foreign Service from Georgetown University came to Almaty to research the role of baraholkas (markets) in Kazakhstan’s economy as a part of her dissertation fieldwork.

16 May 2014 16:01

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