Kazakhstan shifts PM to security chiefKazakhstan's ageing President Nursultan Nazarbayev shifted longtime ally Karim Massimov from prime minister to security chief.
Kazakhstan’s PM Karim Massimov on further economic prospectsThe 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.
20 August 2015
PM Massimov on how Kazakhstan avoided defaultFrom 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.
20 August 2015
Kazakhstan opts for floating exchange rate for its currencyThe 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.
Nazarbayev commissions Government to fulfill all social obligationsAll the Government’s obligations related to pension allowances, salaries in the public sector, welfare allowances should be respected. However challenging the task may be, it has to be accomplished, he said.