Economy

Kazakhstan Wants to Build You an Armored Vehicle. It’s not clear whether there are any takers yet.

themaverickIn 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.

Kazakhstan Passes New Labor Law Without Consulting Workers

laborlawHard 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.

An Overview of Central Asian Markets on the Silk Road Economic Belt

centaziaCentral 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.

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.”

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.

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.

Visionary-Style Economics Meet Reality in Kazakhstan

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

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.

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.”

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

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

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Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

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Analysis: Central Asian countries need to remain focused on reforms despite new security threats

Analysis: Central Asian countries need to remain focused on reforms despite new security threats

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