Economy

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Legalisation Campaign Seeks to Add Revenue to National Budget, Reduce Shadow Economy

shadowKazakhstan launched property and capital legalisation campaigns in September 2014 that are scheduled to run until Dec. 31, 2015. The campaigns include the approval of a law “On amnesty of Kazakhstan citizens, oralmans (repatriated ethnic Kazakhs) and permanent residence holders in relation to legalisation of their property.”

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China Eyes Russian Central Asian Role As It Considers Energy Interests

chinaeyesChina will be keeping a close eye on its energy interests in Central Asia as Russia reinforces the borders of the Commonwealth of Independent States (CIS) against external threats.

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High dependency on petrodollars leads Kazakh currency to devaluation

oildependsA significant devaluation of Kazakhstan's the national currency tenge over the last months resulted from the country's high dependence on oil revenues, according to European experts.

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Visionary-Style Economics Meet Reality in Kazakhstan

oildrillingIt’s unclear that Astana can match big ambitions with the reality of an underdeveloped bureaucracy.

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Kazakhstan faces oil dilemma as prices plunge

ftIn Texas or the North Sea, oil companies struggling with falling prices are firing thousands of employees. In Kazakhstan, it is not so simple.

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Getting Their Money Out

skyskrabContinuing a discussion on the role of money-laundering and the housing bubble. LA Biz Journal. “Economists at UCLA Anderson School of Management foresee healthy growth for the nation’s economy over the next two years, but California will likely experience a slowdown in employment growth. In another essay, Economist William Yu looks at the turmoil in China’s economy and the potential implications for Los Angeles’ economy. Yu says that China’s economy is more volatile than suggested by official numbers and its economy, housing market, stock market, and currency are all in trouble.”

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China syndrome: how the slowdown could spread to the Brics and beyond

chineseflagsEmerging markets, once the world’s great economic hope, could see the good times end as Beijing falters. We look at which countries are most vulnerable to the 21st century’s next financial crisis

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Kazakh PM Sees Oil-Nation Currency Pegs Axed as Crude Falls

karimmassimov“At the end of the day, most of the oil-producing countries will go into the free floating regime,” including Saudi Arabia and the United Arab Emirates, Karim Massimov said in an interview on Saturday in the capital, Astana. “I do not think that for the next three to five, maybe seven years, the price for commodities will come back to the level that it used to be at in 2014.”

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More Pain Expected for Kazakhstan's Sliding Currency

ratetengeUnlike Russia’s ruble, Kazakhstan’s national currency has for several months managed to hold ground against the dollar, only for it to now slump dramatically and spread alarm of more retreats.

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Kazakhstan: Economic Crisis, State Companies, and the Nation’s Image

Qishloq Ovozi is pleased to once again introduce an up-and-coming scholar in the field of Central Asian studies, Bradley Jardine, a student at Glasgow University and currently an intern at RFE/RL. Jardine examines Kazakhstan’s efforts to alleviate the effects of a regional economic crisis, while at the same time preserving what could be described as national vanity projects.

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

Experts of the Committee against Torture Commend Kazakhstan for Enhanced Legislation

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Kazakh official: Not the time to resolve differences through war

Kazakh official: Not the time to resolve differences through war

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Oil majors sued by Kazakh government over billions in revenue

Oil majors sued by Kazakh government over billions in revenue

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