Kazakhstan Is Going to Test New Digital Currency
The project should start this year
Banks & Finance
Bank of Russia Plans to Raise Key Rate
By 2023 the rate might be about 6%
EEU to Make Oil Trading Market More Transparent
New draft rules are under discussion
IMF Wants to Assess Kazakhstan Financial Market
The fund is going to look at the country’s monetary policy
The Tough Year of 2020 Didn’t Prevent Kazakhstani Export to China from 15% Growth
This helped the country add 25% of a surplus to its trade balance
Freedom Finance Expands Its Retail Businesses
To get a digital loan you need just four seconds
Three Billionaires from Kazakhstan Enter the Forbes List
All of them represent the finance and tech sectors
KASE to Get Rid of Paper Work
The exchange has made a bid on online procedures
Raiffeisen Bank Has Become a KASE Member
The bank is going to trade with tenge
Kazakhstan Has Taken 39th Place in 2020 Index of Economic Freedom
The Index has reviewed 180 countries in total
Kazakhstanis Are Spending More Than a Half of Their Income on Food
The prices surge too fast, a Mazhilis deputy said
Moody’s Has Affirmed Kazakhstan’s Ratings at Pre-Pandemic Level
The rating is positive
Business Activity in Kazakhstan Declines Two Months in a Row
However, the construction sector is still growing
Pandemic and New Regulations Have Affected Lending in Kazakhstan
In 2020 the total volume of loans significantly decreased
Kazakhstan’s External Debt Has Reached $160.9 Billion
The private sector owes 80% of it
Kazakhstan’s National Fund Loses Money
Since the beginning of the year, it lost about $1 billion
National Bank of Kazakhstan Spent Almost $2 Billion to Support National Economy in 2020
The regulator has announced the results of the year
Kazakhstan Achieved a Positive Trade Balance of $9 Billion
The total foreign turnover for 11 months of 2020 was $77.7 billion
Azerbaijan Has Started to Supply Europe with Gas
The country plans to supply 8 billion cubic meters of gas to Italy
European Union to Extend Sanctions Imposed Against Russia
EU is going to block trade in several sectors
Customers Need to See the Loan Cost on the First Page of the Contract
Kazakhstani parliament wants to oblige microfinance organizations to do that by law
Kazakhstan to Borrow 1.5 Billion Euros to Fight COVID-19
In part, these funds will be used to cover the 2021 budget deficit
How Kazakhstan-Uzbekistan Economic Relations Are Developing
The new course of cooperation
How Uzbekistan Will Attract Foreign Capital During a Global Recession
This developing economy is the perfect place for the blue ocean strategy