Kazakhstan has become the latest country to launch a digital version of its national currency, the tenge, in a bid to modernize its payment system and reduce corruption.
The upcoming legislation focuses on stricter lending rules. Lenders will face lowered government-set interest rates, enhanced borrower assessment protocols, and restrictions on new loans for those who have delayed repayments for over 90 days.
Kazakhstan was in national mourning on Sunday after a fire at an ArcelorMittal mine killed 45 people, the worst accident in the Central Asian country’s post-Soviet history.
According to a statement on the government’s website, the ban is aimed at preserving secularism and preventing the propagation of any religious dogma in schools.
Kazakhstan appointed a new central bank governor on Monday, as the oil-rich Central Asian nation faces economic headwinds.
Three former Soviet republics have agreed to establish a joint logistics company to boost trade and transit along a route that bypasses Russia and connects East Asia and Europe.
The government of Kazakhstan has declared a state of emergency over the critically low level of the Caspian Sea, the world’s largest enclosed body of water.
Kazakhstan and Tajikistan sign contracts worth over $1.8 billion at a business forum, highlighting the growing economic ties between the Central Asian nations.
Thousands protest in Kazakhstan, calling for release of opposition leader Zhanbolat Mamay and an end to government crackdowns.
A court in Kazakhstan has sentenced the leader of an unregistered opposition party to a suspended six-year prison term on charges ranging from the dissemination...