Kazakhstan's Energy Ministry is negotiating with the European Bank for Reconstruction and Development (EBRD) regarding financing the construction of the Saryarka natural gas pipeline.
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About the Index of Economic Freedom 2018 The principles of economic freedom are measured in the Index of Economic Freedom, an annual guide published by The Heritage Foundation, Washington’s No. 1 think tank. For over twenty years the Index has delivered thoughtful analysis in a clear, friendly, and straight-forward format. The Index covers 12 freedoms – from property rights to financial freedom – in 186 countries. The 2018 Index measures economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom: Rule of Law (property rights, government integrity, judicial effectiveness) Government Size (government spending, tax burden, fiscal health) Regulatory Efficiency (business freedom, labor freedom, monetary freedom) Open Markets (trade freedom, investment freedom, financial freedom) Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each. Rank Country Overall Change Mostly free 7 Estonia 78.8 -0.03 16 Georgia 76.2 +0.2 19 Lithuania 75.3 -0.5 28 Latvia 73.6 -1.2 Moderately free 67 Azerbaijan 64.3 +0.7 78 Kyrgyzstan 62.8 +1.7 41 Kazakhstan 69.1 +0.1 44 Armenia 68.7 -1.6 Mostly unfree 105 Moldova 58.4 +0.4 106 Tajikistan 58.3 +0.1 108 Belarus 58.1 -0.5 150 Ukraine 51.9 +3.8 152 Uzbekistan 51.5 -0.8 Repressed 169 Turkmenistan 47.1 -0.3 Source
Co-Chairs of the Kazakh-Greek Intergovernmental Commission on Economic and Technological Cooperation discussed bilateral political, trade and economic cooperation in Astana at the meeting. The talks have confirmed there is an understanding between Astana and Athens in all spheres of bilateral cooperation, identified promising areas for further joint work and considered projects for deepening economic and investment cooperation.
The World Energy Council’s definition of energy sustainability is based on three core dimensions – energy security, energy equity, and environmental sustainability. Together, they constitute a ‘trilemma’, and achieving high performance on all three dimensions entails complex interwoven links between public and private actors, governments and regulators, economic and social factors, national resources, environmental concerns, and individual behaviors.
The National company “Kazakh Invest” and German Economy Representative Office for Central Asia have agreed to activate investment cooperation between the two countries.
Kazakhstan has once again improved its standing in the Index of Economic Freedom of the American think tank The Heritage Freedom. Based on the 2018 Index of Economic Freedom, Kazakhstan has moved one spot up compared to the previous year and is ranked 41st in the world.
Goldman Sachs Group, Inc. and the Silk Road Fund expressed interest in investing into the Astana International Financial Centre (Kazakhstan) , AIFC Governor Kairat Kelimbetov told a press briefing on Wednesday.
Small and medium-sized private enterprises in Central Asia will benefit from a new Regional Small Business Programme launched in Almaty Jan 30. The EU-funded project will be managed by the EBRD and will equip financial institutions in Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan with new digital business tools for effective work with small businesses.
Kazakhstan has signed an agreement with Euroclear to enable clearing of Kazakh securities through the European platform. The move is likely to attract more foreign investors into Kazakh treasuries and corporate paper and boost their liquidity while allowing the Central Asian nation to borrow at more competitive rates.