Experts comment on Kazakhstan's decision to abandon control of tenge
Kazakh and foreign experts have commented on the recent decision of Kazakhstan to stop defending its tenge and send it floating.
Air Astana raises airline ticket price
Kazakhstan’s national airline Air Astana has raised ticket prices on international flights after Kazakhstan floated the tenge.
SCAT eyes 20 Russian Sukhoi Super Jet-100s
Kazakhstani SCAT is to contract 20 Russian Sukhoi Super Jet-100 (SSJ-100) aircraft.
Making sense of Kazakhstan's decision to float tenge
Kazakhstan tenge plunged to its record low after the country floated it, renouncing the set corridor and adopting inflation targeting.
Threat of default in Kazakhstan assessed by analysts
Kazakhstani experts comment on Bank of American Merrill Lynch placing the Central Asian country among ten countries most vulnerable to a sovereign default.
Golovkin-Lemieux press conference
WBA Super, IBO and WBC Interim middleweight champion Gennady Golovkin and IBF champion David Lemieux have conducted a press conference in Montreal, Canada
Nazarbayev instructs National Bank to compensate tenge deposits
President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.
Russia’s LUKOIL sells 50% in Caspian Investments Resources Ltd. to China’s Sinoptec
Caspian Investments Resources Ltd. is developing five oil field in Kazakhstan, notably Alibekmola, Kozhassai in Aktyubinsk oblast, Karakuduk, Severny Buzachi and Arman in Mangistau oblast.
Analysts on fair market exchange rate of USD to tenge
August 20 the country’s Central Bank renounced its policy of the set currency band, letting the national currency float freely.
Month of food, music, and treasure hunting in Almaty
To celebrate the Day of Almaty, locals and guests of the city are invited to 50 events, from musical performances to quests.
Ethnic Kazakh passes blind auditions at Voice of China
35-yo ethnic Kazakh Berik Iklas from Karamai town in XUAR in China has amazed the juries of the Voice of China singing contest.
'Shooting corrupt officials' in Kazakhstan proves controversial
A humoristic anti-corruption campaign in Kazakhstan's Kostanai turns sour?
Cotto-Alvarez winner mandated to face Kazakhstan's Golovkin by WBC
Gennady Golovkin’s promoter Tom Loeffler said that the winner of the Alvarez-Cotto fight would face undefeated Triple G of Kazakhstan.
Astana Pro Team cycler Taaramae wins Arctic Race Norway
Astana Pro Team cycler Rein Taaramae won the Arctic Race Norway.
Kazakhstan listed in Top 10 World's Riskiest Sovereign Debt?
Kazakhstan has been put on the map of the world's riskiest sovereign debt by Bank of America Merrill Lynch. Really?
Kazakhstan’s PM Karim Massimov on further economic prospects
The Government will be rendering support to socially vulnerable groups of population. In the long run (…) it’s impossible to support all troubled industries out of taxpayers’ money: Karim Massimov.
Almaty among Top 100 liveable cities: Economist Intelligence Unit
Economist Intelligence Unit (EIU) rated 140 cities by livability. Kazakhstan's Almaty got the 100th place.
PM Massimov on how Kazakhstan avoided default
From August 20 the National Bank and the Government have decided to implement a new monetary policy based on inflation targeting and to renounce the earlier practiced currency corridor.
Kazakhstan central bank on why fixed currency exchange rate had to be renounced
Inflation targeting is another type of monetary policy that rests on the inflation rate in the mid run, rather than on the currency exchange rate: Kairat Kelimbetov.
Kazakhstan opts for floating exchange rate for its currency
The National Bank will not be directly defining the exchange rate, but will retain the right to rely on currency interventions if the financial system faces threats of destabilization.