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 →