News about economy

National Fund should provide $5.4 billion to compensate tenge devaluation in Kazakhstan: KazPotrebNadzor The National Fund of Kazakhstan should provide $5.4 billion to support the Kazakhstan economy amid the tenge devaluation: KazPotrebNadzor

25 February 2014

Global tax evasion under G20 scrutiny US Treasury Secretary Jacob Lew described taxation reform as among the G20's most crucial initiatives Friday as the world's major economies look to close loopholes used by huge multinational firms.

21 February 2014

Chinese and Islamic expansionism a threat in Kazakhstan? The so-called Chinese Threat and Arab Islamization are among the major influences Kazakhstan is susceptible to.

19 February 2014

Possible inflation risks: National Bank In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

15 February 2014

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

14 February 2014

Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.

14 February 2014

Devaluation may create demand for 20,000 tenge bills in Kazakhstan The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

13 February 2014

Dedollarization of Kazakh mentality: Governor of National Bank The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

13 February 2014

Dollar explodes in Kazakhstan: 200 tenge per dollar Kazakhstan banks are setting their exchange rates ski-high, selling one dollar for more than 200 tenge.

11 February 2014

In Greece, recovery starts with fast food and coffee Graphics artist and part-time barmaid, Mariza Papasmiria struggled for years juggling her two jobs, working seven days a week for 1,600 euros ($2,200) a month.

04 February 2014

'Smart rubber' to be produced in Kazakhstan The first recycling plant for used tires has been launched in Kyzylorda city in southern Kazakhstan.

28 January 2014

Bombardier to expand into Kazakhstan market Bombardier, a Canadian multinational aerospace and transportation company, plans to expand into the Kazakhstan market.

27 January 2014

Nazarbayev takes part in Davos World Economic Forum Kazakhstan President Nursultan Nazarbayev is taking part in the World Economic Forum in Davos, Switzerland.

23 January 2014

Kazakhstan 50 years behind West: Nazarbayev Kazakhstan lags 50 years behind the West and needs skilled personnel to enter the Top 30 most developed countries: Nursultan Nazarbayev.

22 January 2014

Kazakhstan to develop 4 large cities: Nazarbayev President Nazarbayev named Astana, Almaty, Shymkent and Aktobe as the future urban centers of Kazakhstan in his address to the nation.

20 January 2014

Agricultural innovations to increase dairy and meat export: Nazarbayev President Nursultan Nazarbayev spoke in support of farming and introduction of agricultural innovations in his State-of-the-Union Address.

20 January 2014

Kazakhstan to develop science: Nazarbayev Nazarbayev instructed the state officials to increase financing of scientific research in Kazakhstan.

20 January 2014

Kerry praises Greece for tough economic choices US Secretary of State John Kerry praised the Greek government Friday for making "tough choices" to resolve the country's economic crisis and said he believed the situation was improving.

18 January 2014

President Nazarbayev tasks his Government with ensuring 6-7% economy growth rate in 2014 A blanket program to develop the financial sector to 2030 must be drafted by June 1, 2014: President.

17 January 2014

Economic Freedom Index: Kazakhstan advances 22 points in 17 years Kazakhstan's economic freedom ranking has been steadily advancing over the past 17 years.

17 January 2014

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