Kazakh national currency KZT is strong enough, despite the negative impact from the outside, the Ministry of National Economy of the country told on Nov.18. “The adopted currency corridor of 170-188 KZT/$1 provides a comfortable state of the...
The New Economic Policy Nurly Jol will create wide opportunities for business development, said the president of Kazakhstan, Nursultan Nazarbayev, the press service of Acorda (Kazakh president’s official website) said Nov.18. President met with...
OPEC has slightly decreased its earlier estimation of Kazakhstan’s oil production for 2014, 2015 and 2016, OPEC’s newly published World Oil Outlook 2014 report said. Kazakhstan’s oil and NGL production is now forecasted to remain at...
Kazakh Foreign Minister Erlan Idrissov met German Foreign Minister Frank-Walter Steinmeier at the Kazakh Ministry of Foreign Affairs in Astana on Nov. 10. Idrissov and Steinmeier discussed economic cooperation between Kazakhstan and Germany, which...
Kazakh President Nursultan Nazarbayev has announced about launching the new economic policy implementation in the country. “While responding to the challenges we face today, I announce about a new economic policy of Kazakhstan “Nurly...
Kazakhstan is looking at hedging the price of oil, in a sign of how the US shale revolution and recent tumble in crude prices are forcing energy-dependent governments to rewrite their economic plans. Kairat Kelimbetov, governor of Kazakhstan’s...
You only need to look at a chart of Kazakhstan’s currency against the rouble to appreciate Kairat Kelimbetov’s dilemma. The governor of Kazakhstan’s central bank has kept the tenge tightly pinned to the US dollar since February. But as the...