Earthquake in China felt in Kazakhstan

A 5.4-magnitude earthquake hit Jinghe County in Mongolian Autonomous Prefecture of Bortala, northwest China's Xinjiang Uygur Autonomous Region, at 10:10 a.m. Tuesday, according to the China Earthquake Networks Center (CENC). The …

Fitch affirms Kazakhstan's rating at 'BBB'

Fitch Ratings, the international rating agency, affirmed Kazakhstan’s long-term issuer default rating (IDR) at ‘BBB’ with ‘Stable’ outlook. The sovereign balance remains strong  and assets in the …

Kazakh plant to manufacture new LADA Granta cars

The ASIA AUTO plant in Ust-Kamenogorsk City of Kazakhstan is starting to manufacture the new LADA Granta cars, AzerNews reported citing Kazakh media. "LADA retains the status of an anchor brand in Kazakhstan’s automotive …

Putin and Nazarbayev hold phone conversation

Russian President Vladimir Putin had a telephone conversation with President of Kazakhstan Nursultan Nazarbayev, the Kremlin reported on its website. The Kazakh leader expressed his condolences over the …

Kazakh President appoints finance minister

Kazakh President Nursultan Nazarbayev appointed his aide Alikhan Smailov as the country's  finance minister, continuing a broader government reshuffle. Smailov, 45, had earlier worked as the …

IMF upgrades Kazakhstan GDP forecast

The International Monetary Fund (IMF) expects Kazakhstan’s economy to expand 3.7% in 2018 and 3.1% in 2019, the fund said in a press release. "The growth rate of Kazakhstan's economy increased due to an increase in oil …