Viewing results 1 - 6 of 408
ALMATY (TCA) — The deficit of the balance of payments of Kazakhstan for 2015 is preliminarily estimated at US $5.3 billion compared to a surplus of $6 billion in 2014. The reason is the country’s decreasing exports, Novosti-Kazakhstan news agency reported with reference to the country’s National Bank. Continue reading
ALMATY (TCA) — Kazakhstan’s currency is in a very bad shape. There are various reasons for that, and although President Nazarbayev advises his citizens not to buy imported goods, people on the street feel the pinch and try to switch to dollars as much as they can. The crash in global prices of oil and other commodities has already brought Russia and Azerbaijan currencies to their lowest level losing more than 50%. Kazakhstan is not doing any better with the tenge moving, in about two years, from about 150 tenges per dollar to the incredible low level of close to 400 and the situation has much to do with the ever shifting National Bank policies. Continue reading
DUSHANBE (TCA) — Iran has announced the official launch of its gas oil export to neighboring Tajikistan for the first time in the history of relations between the two countries, Iran’s Mehr News Agency reported on February 3. Continue reading
LONDON (TCA) — Amidst the wildest speculations that predominantly Shiite Iran might emerge as a powerful buffer to keep Sunnite extremism at bay for Central Asia and take the shape of a regional power broker, realities speak a different language. For the moment, Iran needs everybody else’s help a lot more than anybody else needs Iran’s. But where politics face a long haul, trade might have a unique and immediate opportunity – especially where the landlocked Central Asian former Soviet republics are concerned. Continue reading
ASTANA (TCA) — LG Chem, South Korea’s largest chemical company, said it has decided to scrap a plan to jointly build a $4.2 billion petrochemical plant in Kazakhstan due to the continued slump in global oil prices, The Korea Times reported late in January. Continue reading
ASTANA (TCA) — Investors from China support the idea of construction of Kazakhstan’s fourth oil refinery in the western Mangistau province, Novosti-Kazakhstan news agency reported citing Mangistau province Governor Alik Aidarbayev. Continue reading
