Kazakhstan to convert solid waste to energy
As of today, nearly 85 percent of all solid waste in the country does not get sorted and recycled
Kazakh central bank hikes key rate to 12%
Kazakhstan's central bank hiked its policy rate to 12.0% from 9.25% today, governor Yerbolat Dosayev said. He cited risks of pressure on the tenge exchange rate and inflation after the collapse of oil prices, Reuters reported. …
Moody's: Kazakhstan must do more to curb risky retail lending
Kazakhstan’s authorities may need to take more measures to prevent a fresh asset quality crisis fuelled by risky retail lending, rating agency Moody’s said, warning that a spike in defaults was looming. "Retail …
Tokayev announces democratic reforms in Kazakhstan
Political transformations in Kazakhstan will take into account the state's interests, Kazakh President Kassym-Jomart Tokayev told parliament in an annual address on Monday. The president criticised the central …
Kazakh President urges tighten control over budget process
President of Kazakhstan Kassym-Jomart Tokayev chaired a meeting on budget planning in Akorda. The session was attended by Prime Minister Askar Mamin, first Deputy PM, Minister of Finance Alikhan Smailov, Deputy PMs …
Tenge hits new record low
The Kazakh tenge dropped to 386.9 per dollar on the Kazakhstan Stock Exchange (KASE) this morning as of August 6, 2019, the press service of KASE said. The maximum dollar selling rate in exchange offices of Nur-Sultan is 387.2 …
Kazakhs policy rate unchanged at 9.25%
Kazakhstan’s central bank kept its policy rate unchanged at 9.25%, in its first review since last month’s leadership reshuffle at the Central Asian nation’s financial regulator. The bank said in a statement that the …
Kazakh National Bank improves 2019 economy growth forecast
The National Bank of Kazakhstan forecasts the country's economic growth of 2.7% in 2019. (2.6% in the previous forecast round), in the first half of 2020 – 2.7%. The main driver of economic growth will be the growth …
Indian businesses look to capitalize on Kazakhstan’s growing investment potential
The Kazakh-Indian Invest Forum was founded in New Delhi
Kazakhstan's National Bank conducts currency intervention
Kazakhstan’s National Bank decided to conduct currency interventions to prevent the strengthening of devaluation expectations and stabilize the domestic foreign exchange market. The press service of the bank said that in 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 …
Kazakhstan to limit payments in foreign currency
Kazakhstan will limit the turnover in the foreign exchange market, the relevant law was signed the yesterday by the country's President Nursultan Nazarbayev. The amendment to the Law "On Currency Regulation and …
Kazakhstan may limit banks’ lending to their shareholders
To prevent the withdrawal of assets from the financial institutions of Kazakhstan, it is necessary to restrict legislatively the banks' lending to their shareholders, the chairman of the Senate of the Republic, Kassym-Zhomart Tokayev, said at …
Kazakhstan approves new EEU customs duties
The upper chamber of the Kazakh parliament approved the ratification of a protocol that specifies a procedure for distribution of import customs duties between the states participating in the Eurasian Economic Union (EEU). …
Kazakhstan expects stable tenge exchange rate
Kazakhstan's central bank chairman, Daniyar Akishev, said he expected no significant changes in the tenge exchange rate this year. "The situation right now is favourable both on the external and domestic …
Modernization in Kazakh style
New development opportunities in the conditions of the fourth industrial revolution
New earthquake hits Almaty region
An earthquake with a magnitude of 4.1 points has been registered 300 km west from Almaty today, the Committee for Emergency Situations of the Ministry of Education of Kazakhstan said. The epicenter of the quake was at a depth of 10 …
Strategic plan for Kazakhstan development until 2025 approved
The government of Kazakhstan has approved the strategic plan for Kazakhstan's development until 2025, the country's Minister of National Economy Timur Suleimenov said. The strategic plan for the development of …
Kazakhstan's deputy economic minister appointed
Baurzhan Bekeshev has been appointed deputy minister of the Kazakh national economy in accordance with the decree of the country’s government, the website of Kazakh Prime Minister said. Since 2014, Bekeshev worked …
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