News about economy
Kazakhstan wants to bring $6 billion out of shadows of its economy
The Government of Kazakhstan is considering a package of countermeasures against its off-the-books economy for 2014-2015.
12 March 2014
Kazakhstan-China tolling no longer feasible: Mynbayev
Sauat Mynbayev, Chairman of KazMunaiGas (KMG), Kazakhstan's national oil and gas company, believes that duty-free supplies from Russia make shipment of Kazakhstan's crude to China for processing no longer feasible.
04 March 2014
Kazakhstan to issue Eurobonds
The Finance Ministry of Kazakhstan is planning to issue eurobonds in 2014.
28 February 2014
S. Korea's Park vows to rebalance export-led economy
South Korean President Park Geun-Hye unveiled Tuesday a three-year plan to rebalance the export-reliant economy, investing $3.7 billion on start-ups, boosting domestic spending and getting more young people and women in the workforce.
25 February 2014
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