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ASTANA (TCA) — The lower chamber of Kazakhstan's parliament, the Mazhilis, has asked President Nursultan Nazarbayev for its early dissolution “in connection with the aggravating economic situation in the country”. Continue reading
ASTANA (TCA) — The Development Bank of Kazakhstan has allocated 11 billion tenge from the National Fund of Kazakhstan to support Kazakhstan’s car-making industry by lending to private individuals for the purchase of vehicles, the official website of the Prime Minister of Kazakhstan reported with reference to the Bank. Continue reading
ASTANA (TCA) — The plant to produce barite concentrates at the Bestobe deposit in Kazakhstan’s Karaganda province will reach its design capacity in 2018, the Ministry of Investment and Development of Kazakhstan said. Continue reading
ASTANA (TCA) — Carmeuse Group, the Belgian transnational corporation which is one of the world’s leading manufacturers of high-quality special building materials, plans to build a plant to produce more than 500 thousand tons of premium-quality technological lime per year in the Osakarov district of Kazakhstan’s Karaganda province, the Ministry of Investment and Development of Kazakhstan said on January 11. Continue reading
BISHKEK (TCA) — Yesterday, January 11, the exchange rate of the Kyrgyz currency, the som, weakened against the US dollar, to 76.3 soms per $1, against the background of the weakening Kazakh tenge and Russian rouble. Continue reading
ALMATY (TCA) — The year 2015 is bound to stay on people’s memories in Kazakhstan as the year everybody expected the curtain to fall – on people’s heads, that is. The current year, with the country’s national currency held by the fortunes of a ghost that keeps refusing to return into its bottle, unless cash flows are restored to durable levels. To allow this to happen, the government has resorted to what remarkably looks like Russia’s notorious stock-for-loans scheme worked out by the tandem Gaidar/Chubais in the mid-1990s. Will it work out this time? Continue reading
