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The head of the department of International Economic Organizations at the Center for Economic Research of the Russian Institute for Strategic Studies, Vyacheslav Holodkov, believes that ‘in times of crisis we need to increase state support …
Kazakhstan's budget is able to withstand the test of current low oil prices, Kazakh Prime Minister Karim Masimov said. "The budget, now based on oil at $40, will most likely be revised to $30 and it could …
Alexander Shirov: ‘’It will not be so easy to solve them. We have gone too far"
By the end of the year, there will be an answer to the question of what model has turned out to be more adapted to the challenge of the “perfect storm”
The Kazakh government may adjust the parameters of the country’s budget for 2016-2018 due to falling oil prices, Kazakh Finance Minister Bakhyt Sultanov said. Sultanov made the remarks in the lobby of the Majilis …
The National Bank of Kazakhstan expects to reduce inflation rate to 8% from 12% in the next year. "Despite the fact that in 2016 inflation will remain at a high level, we expect that in the fourth quarter of next year a significant …
The Kazakh tenge dropped to 341.94 per dollar on the Kazakhstan Stock Exchange (KASE) today, which is 4.14 tenge less than on December 15, the press service of KASE said. On December 14-15 the Kazakh tenge dropped to 337.80 per …
The Kazakh tenge dropped to 322.47 per dollar on the Kazakhstan Stock Exchange (KASE) today, RIA Novosti reports. In August, the Kazakh authorities introduced a free floating exchange rate of tenge, which led to a devaluation of the …
The government of Kazakhstan has developed an anti-crisis program
Kazakh President Nursultan Nazarbayev instructed the National Bank of the Republic to reduce mid-term inflation to 4% per year. "Within the framework of inflation targeting, the National Bank should reduce the …
Kazakhstan will not give up on tenge free-floating system, Kazakh President Nursultan Nazarbayev said. "Firstly, it is necessary to ensure the effective functioning of the financial sector under a floating exchange rate of tenge. …
Kazakhstan has become a full member of the World Trade Organization (WTO). "Today, on 30 November, Kazakhstan has become a full member of the WTO," Kazakh President Nursultan Nazarbayev said in Astana. He …
Parliament of Kazakhstan has adopted a revised republican budget for 2016-2018. The Parliament has projected average oil prices at $40 per barrel in 2016-2017 and $50 per barrel in 2018-2020. The real economy growth in the …
The European Bank for Reconstruction and Development (EBRD) has downgraded its outlook for the Kazakh economy in 2015 to 1.2%, from the May 2015 figure of 1.5%. The reports said that the "growth in Kazakhstan, the largest economy …
The post of the head of the National Bank of Kazakhstan was taken by Daniar Akishiyev, a 39-year old manager who passed a serious test in the 'hottest' departments of the Presidential Administration
President of Kazakhstan Nursultan Nazarbayev said at a meeting with the Prime Minister of Kazakhstan, Karim Massimov, that in the near future Kazakhstan is expecting a severe crisis. "There is a real ...
The international rating agency Standard & Poor’s has carried out a review of Banking Industry Country Risk Assessment (BICRA) in Kazakhstan and moved it to group 8.Other countries in group 8 are Azerbaijan, Russia, Hungary, …
Today the National Bank of Kazakhstan has decided to support the tenge exchange rate by raising its key rate to 16%. "Given the economic data and the prospects for growth, the National Bank decided to raise its base rate to 16% to …
The Kazakh Parliament has ratified the protocol on the accession of Kazakhstan to the World Trade Organization (WTO). The next step will be its signing by President Nursultan Nazarbayev. The applicant becomes a member of the WTO 30 ...
After the National Bank of Kazakhstan held a foreign exchange intervention, the exchange rate of the tenge has stabilized. The official rate of the Kazakh tenge rose to 270.11 per dollar today from 284 in previous trading on September 16. …
