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Debt restructuring was offered to good and bad companies alike. This indiscriminate approach delayed insolvency that would otherwise have overtaken 'zombie' companies.
In response to the new macroeconomic realities, the government put on hold the fiscal consolidation plans it announced earlier and allocated 4.4 trillion tenge (10.1 billion…
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DOI: 10.1108/OXAN-DB251896
ISSN: 2633-304X
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Last year, these transfers hit a record level, as Moscow issued extra money to help regions cope with the COVID-19 pandemic, but this was still not enough to cover all their…
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DOI: 10.1108/OXAN-DB262168
ISSN: 2633-304X
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The Russian stock market.
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DOI: 10.1108/OXAN-DB250524
ISSN: 2633-304X
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Plans for the next three years point to a rebalancing in the structure of expenditure, with greater emphasis on spending on health, education and support for the economy. Federal…
The government is attaching high hopes to its digitalisation strategy to stimulate economic growth, increase government efficiency and improve people's quality of life. Despite…
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DOI: 10.1108/OXAN-DB225526
ISSN: 2633-304X
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The company is trying to attract more middle-class Kazakhstanis to undertake foreign travel, having announced on April 1 the start of a new economy sleeper class route from Astana…
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DOI: 10.1108/OXAN-DB199792
ISSN: 2633-304X
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President Sooronbay Jeenbekov confirmed the election date last month, although COVID-19 infections were high. The upheaval caused by the pandemic, party schisms and new election…
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DOI: 10.1108/OXAN-DB254606
ISSN: 2633-304X
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The explanation lies in a government scheme offering subsidised mortgages, which drew prospective buyers to move faster than they might otherwise have done. While housing demand…
Spending will be cut by nearly 2% this year to keep the budget in a slight surplus. Russian policymakers face a now familiar trade-off between their desire for fiscal rectitude…