Economy

Kazakhstan Doing Better Than 5 Central Asian Peers
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Kazakhstan Doing Better Than 5 Central Asian Peers

Despite starting from similar points upon the collapse of the USSR, the economies of the five Central Asian former Soviet republics have taken divergent paths since independence. Their differing fortunes leave them in positions of varying strength as they try to balance the interests of traditional ally Russia with the emerging power, China, Nikkei reported.

Astana Economic Forum rises to Global Challenges
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Astana Economic Forum rises to Global Challenges

The upcoming Astana Economic Forum in Kazakhstan is a unique opportunity to deal with “unprecedented changes” facing the world, according to MEPs and EU experts. The event from 17-19 May will include more than 200 speakers from more than 27 countries to debate the world’s most important challenges and discuss solutions to create a safer and more sustainable planet.

Prospective Investment: Kazakhstan's efforts to successfully conquer the world financial market
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Prospective Investment: Kazakhstan's efforts to successfully conquer the world financial market

This coming summer, Kazakhstan will officially launch its Astana International Financial Center (AIFC). In fact, the center has been operating since January 1, and already has some achievements to boast. The project that seemed, at first, utopian, became real, and now there is no doubt that Astana can really become the new Hong Kong or London.

Kyrgyzstan will have to give its lands to China
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Kyrgyzstan will have to give its lands to China

Now Kyrgyzstan's foreign debt is about $4.2 billion, $2.5 of which, were accrued during the presidency of former presidents Askar Akayev and Kurmanbek Bakiyev. The remaining amount of loans was accrued during the presidency of Almazbek Atambayev. In fact, during his term, the Chinese gave us a loan and themselves implemented the projects under it. Is it normal? This money was given to us by a commercial bank, and not an international organization, which means that this loan will never be debited to us. I'm afraid that Kyrgyzstan will still have to give up land, the thermal power station or large deposits to pay off debts.

Op-Ed: AIFC has promising future - Kairat Kelimbetov
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Op-Ed: AIFC has promising future - Kairat Kelimbetov

The official unveiling ceremony of the Astana International Financial Center (AIFC) will be held on the sidelines of the Astana Finance Days in early July during the celebrations of the 20th anniversary of the Kazakh capital. AIFC Governor Kairat Kelimbetov sat down with Kazinform correspondent to share the details about two years the Center was in the making, its plans for the future and target indicators of the financial platform created in Kazakhstan.