Currency devaluation and banking reforms appear to have set Kazakhstan strongly on the road to recovery. A ministerial shake-up, which appears more rational than President Nursultan Nazarbaev’s usual reorganizations, and higher oil export duties next year, should help to maintain the economy’s strength
Continue reading →The global fall in prices of key earners oil and gas is making the Kazakhstan tenge weak. The roiled economy may have to let its currency weaken further following the 18 per cent devaluation earlier last week as the current … Continue reading →
The Kazakhstan financial crisis, where the economy has endured a switchback progress since independence from the Kremlin in 1991, is discovering the benefits of salting away wealth in the good times as it seeks to survive the global downturn without … Continue reading →
The one-year anniversary of the EU’s Partnership Strategy with Central Asia (Central Asia Partnership) gets off to a slow start but is not without potential. Origins of the EU’s Central Asia Partnership Strategy One year ago this month, the European … Continue reading →
Prime Minister Karim Masimov has announced major Kazakhstan energy policy related decisions in the wake of President Nursultan Nazarbaev’s address to the nation last week. First, and most strikingly, he has ordered the suspension all negotiations with foreign investors on … Continue reading →
A little over a month ago, Kazakhstan’s President Nursultan Nazarbaev signed amendments passed several weeks previously by the Majilis (parliament) to the law “On the Subsurface and Subsurface Use” that would allow the government to amend or annul natural-resource contracts … Continue reading →
Real GDP fell throughout the first half of the 1990s in all newly independent states, declining by about half in Kazakhstan. The country was also adversely affected towards the end of the decade by the Asian and Russian crises as … Continue reading →