Kazakh Prime Minister Karim Massimov made the most of his trip to China this week. While in China Massimov attended the Kazakh-Chinese Business Council (KCBC) in Beijing, where a handful of commercial deals were made. He also met with his Chinese counterpart, Li Keqiang, to settle a variety of bilateral deals.
Kazakhstan said on Tuesday it would tear up its monetary policy mechanism and come up with a new approach, scrambling to find a coherent response to the sliding world oil prices that have pushed down its national currency.
In December Kazakhstan Paramount Engineering (KPE), a joint venture between South Africa’s Paramount Group and Kazakhstan Engineering, began production at a facility to build armored vehicles in Kazakhstan.
Hard times need hard labor laws. At least that is what Kazakhstan has decided. This week, President Nursultan Nazarbayev signed off on legislation that stacks the cards more strongly in favor of employers.
Central Asian countries (CACs), consisting of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, are not yet key export markets or investment destinations for Hong Kong companies, but they are playing an increasingly pivotal role in the China-Central Asia-West Asia Economic Corridor.
Kazakhstan 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.”
China 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.
A 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.
It’s unclear that Astana can match big ambitions with the reality of an underdeveloped bureaucracy.
In 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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