News about economy
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
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
Nursultan Nazarbayev meets Malaysian PM
President of Kazakhstan Nursultan Nazarbayev has met the Prime Minister of Malaysia Najib Tun Razak.
27 May 2014
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
China to purchase wheat from Kazakhstan
China is going to purchase 100 thousand tons of wheat from Kazakhstan.
26 May 2014
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
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
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
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
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
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
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
Kazakhstan to supply electric locomotives to Azerbaijan
Alstom Transport has signed a contract to supply 50 KZ8A freight locomotives produced in Astana-based Elektrovoz Kurastyru Zauitty to Azerbaijan Railways.
16 May 2014
Kazakhstan to start legalization of property and capitals in September
The government of Kazakhstan has announced the date when it is going to start the legalization of property and capital.
16 May 2014
Legitimization of assets to bring billions: Kelimbetov
Central bank aims to legitimate money and assets to ensure an influx of several billion dollars into the banking sector of Kazakhstan.
12 May 2014
Development Bank of Kazakhstan obtain 500 million euro loan from HSBC
Development Bank of Kazakhstan has signed a 500 mln euro loan agreement with HSBC Bank.
05 May 2014
Kenes Rakishev buys into Magnum Cash & Carry
Businessman Kenes Rakishev has bought a stake in Magnum Cash & Carry retailer network.
05 May 2014
US economy rebounds, adding 288,000 jobs in April
The US economy pumped out 288,000 jobs in April, the highest pace in over two years, in a fresh confirmation that growth has resumed after a harsh winter freeze.
04 May 2014
Nazarbayev discusses cooperation with Asian Development Bank
President Nazarbayev has met with the President of the Asian Development Bank (ADB) Takehiko Nakao to discuss future cooperation.
02 May 2014
Nazarbayev wants Kazakhstan, Russia, Belarus to team up on agriculture and gas
Cooperation in agriculture would boost export of the goods without creating any unwanted competition between our countries: Nazarbayev
30 April 2014