Economy

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Stress Tests for Kazakhstan

Actions in Ukraine have altered how Kazakhstan views Russian intent in the former Soviet Union and increased its sense of vulnerability. In response, the administration of President Nursultan Nazarbayev has undertaken measures to strengthen government, protect economic stability and shut down speculation that a Ukrainian scenario could unfold in its northern provinces.

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Kyrgyzstan Delays Joining the Eurasian Economic Union. Kyrgyzstan doesn't seem as excited as it once was about joining the Russian-led union.

Kyrgyzstan, which was scheduled to join the Eurasian Economic Union (EEU) on May 1, has delayed full accession until the end of the month. This delay is another in an impressive history of delays that Eurasianet's Chris Rickleton aptly called a "curious subplot to the generally unsuccessful story of Eurasian integration thus far."

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Kazakh Fund Says FX Sales Alone Won’t Shore Up Tenge

Kazakhstan's sovereign wealth fund, which controls oil producer KazMunaiGaz and the nation's rail monopoly, said selling its companies' foreign-currency earnings alone won't stave off pressure on the tenge to decline.

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Kazakhstan energy profile: second-largest oil reserves among Former Soviet Republics – Analysis

Major Caspian oil routesKazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia.

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Kazakhstan Devaluation Risk Revealed in Fivefold Jump in Swaps

devalvatIn Kazakhstan, the most telling sign that investors are bracing for another currency devaluation is their refusal to part with dollars. Exporters and other holders of the greenback are turning to the currency swaps market for contracts that allow them to obtain the local currency they need without having to sell their dollars outright. Volumes in such deals reached a daily average of $2 billion this month, five times more than in all of last year, according to Kazakhstan stock exchange data.

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Chinese, Kazakh deal fosters Silk Road plan

map sChina secured deals worth more than $14 billion to enhance connectivity with Kazakhstan, Central Asia's largest economy, in what is another step forward in efforts to revive the ancient transcontinental Silk Road.

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Oil prices drop can adversely affect economy of Kazakhstan, expert says [Trend News Agency, Baku, Azerbaijan :: ]

opecAfter the OPEC countries decided not to reduce the quota for oil production, a further drop in oil prices can adversely affect the economy of Kazakhstan, the expert of the Institute of Political Solutions of Kazakhstan Sergey Smirnov told Trend.

 

 

 

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Caspian games

caspianRussian politician Andrei Zhirinovsky is all mouth, so it would not normally have caused a stir when he suggested earlier this year that Russia should simply annex the parts of neighboring Kazakhstan that have a large Russian population. But the ultra-nationalist leader of the Liberal Democratic Party actually frightened the Kazakhs, because there is a bigger game going on.

 

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The Five Worst Climate Villains Among World Leaders

auscan

Australian Prime Minister Tony Abbott and Canadian Premier Stephen have just landed near the bottom of a ranking of the world's worst climate villains.

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‘The Secret World of Oil’, by Ken Silverstein

 

Ken Silverstein's 'The Secret World of Oil' explores a murky business on which the west depends. Oil is the world's most important traded commodity. It powers our cars and drives our industry. And surging energy demand in developing countries from China to Brazil means its significance will only grow.
But how much do we really know about the business? Some of its public faces are familiar – the Gulf potentates, the bosses of BP and Exxon­Mobil, energy ministers in Europe and the US

 

 

 

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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