The European Bank for Reconstruction and Development (EBRD) encouraged Kazakhstan to continue its efforts to diversify its economy and stop relying on commodity prices as an engine for economic growth, visiting EBRD executive said.
Economy
Graham Bowley and Catherine Rampell
For the moment, at least, global investors seem to be taking Dubai's sinking fortunes in their stride
Kazakhstan still did not launch grain terminal at the border with the People's Republic of China, and Kazakhstan faces some problems with grain shipment to China.
By Clare Nuttall (business new europe)
Kazakhstan's banking sector has been shored up by government cash, but this isn't sustainable in the long run. Until new sources of funding can be tapped, the sector is in for a period of stagnation, a new report from Renaissance Capital says.
Russia and Kazakhstan have concluded agreements on oil transit and the parallel operation of the two countries' power grids, according to media reports. The deals were signed November 20 by Russian Energy Minister Sergei Shmatko and his Kazakh counterpart Sauat Mynbayev.
By Nariman Gizitdinov
New management wants to cover inability to work by blaming on mistakes of old management
Temirbank, Kazakhstan's tenth largest bank, has defaulted on its debt and became the fourth Kazakh lender to seek restructuring this year, the bank said in a statement on Monday.
By Gulnura Toralieva in London
Defections from regiona distribution network may destroy Soviet-era effort to ensure equitable sharing of electricity.
By Stephen Kirkland and Tasneem Brogger
Kazakhstan bank asset quality is improving as the economic outlook picks up and non-performing loans level off, UBS AG said. Shares in the country's two largest banks climbed, helping the benchmark stock index become the world's biggest gainer today.
Maria Golovnina
The United States urged Turkmenistan on Tuesday to allow its companies to invest in onshore Turkmen gas deposits including South Iolotan, a giant field seen as a key future source of Caspian energy.
- Kazakh banking sector reaches bottom; BTA and Alliance restructuring to impact further growth
- Kazakh tenge ready to appreciate - Marchenko
- Russia torpedoes Kazakhstan's uranium sector, Kazatomprom ex-head
- Kazakhstan may require foreign companies to use domestic banks
- Kazakhstan Plans to Sell First Foreign Bond in Decade
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
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