Kazakh economy

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Kazakh government ready to adjust budget

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 …

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Tenge sets new anti-record

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 …

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Tenge reaches new historic low

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 …

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Nazarbayev asks to reduce inflation to 4%

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 …

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Nazarbayev: we maintain floating exchange rate policy

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. …

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Kazakhstan legally becomes full member of WTO

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 …

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EBRD downgrades outlook for Kazakh economy

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 …

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Kazakhstan 2015: burden of difficult decisions

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

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Nazarbayev urges government to prepare for crisis

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 ...

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Kazakhstan to become WTO member in a month

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 ...

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Tenge exchange rate stabilizes

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. …

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What happened to trade between Kazakhstan and the EEU?

The Statistics Committee of the Ministry of National Economy of Kazakhstan announced data, according to which, trade between the republic and other member states decreased significantly in the first half of 2015 ($7.8 billion). …

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