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President of Kazakhstan Nursultan Nazarbayev has ordered to reduce government spending by 700 billion tenge ($3.78 billion).
President of Kazakhstan Nursultan Nazarbayev has urged Kazakhstan's state companies to sell dollars and buy the tenge.
President of Kazakhstan Nursultan Nazarbayev has declared it is time for domestic enterprises to search for new markets to sell their products instead of Russia.
Governor of the National Bank of Kazakhstan Kairat Kelimbetov said that a devaluation of the tenge is possible if oil prices fall below $50 per barrel.
Back in August 2014 the country’s media reported that Russia was intending to stop financing Baikonur starting from 2016.
These transactions should be made through a bank account so that the National Bank and tax authorities could see the payments, he elaborated.
It was a natural response of the banks (…) they had been expecting a drastic currency devaluation and they insured against currency-related risks, he elaborated.
With the coming of February Kazakhstan's population and businesses were holding their breaths waiting for the National Bank's next move on the tenge. Is devaluation inevitable and how bad can it be? Kazakhstani experts Olzhas Khudaiberganov and Anuar Ushbayev say they have a plan.
UN agencies are interested in opening hub offices in Almaty, Kazakhstan.
Two biggest Central Asian economies may become competitors if both are in the Eurasian Economic Union. For now, as Uzbek President expresses disinterest in joining the union, the bilateral cooperation and ties are strengthening.
Should there be some changes in the external markets, we will prevent a shocking currency devaluation and will be working to ensure a gradual change of the tenge exchange rate: Kairat Kelimbetov.
Let us launch a Made in Kazakhstan campaign so that all retail chains would showcase departments of Kazakhstan-made goods: President Nazarbayev.
When working on its concept, we did understand there would be some adjustments. The global economy we are part of is introducing such adjustments: President Nazarbayev.
According to him, we are part of the globalized economy and we cannot evade the negative impact of external factors.
Kazakhstan Senate Speaker Kasym-Zhomart Tokayev has taken part in the Munich Security Conference.
An oofficial delegation from Kazakhstan has visited Tatarstan, one of the most developed regions of Russia.
A bus has overturned in Zhambyl Oblast, killing 10 passengers.
Masterpieces of Italian classical music will be performed on the stage of a young theater in Almaty.
ArcelorMittal Temirtau will pay the remaining 25 percent of the workers' wages before February 17.
An accident involving a hot water pipeline has occurred in Almaty, causing a major traffic jam.
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