Crisis in Kazakhstan
In the second half of August 2007, the country started the mortgage crisis.
December 23, 2008 President of Kazakhstan Nursultan Nazarbayev at a public ceremony, said: "Obviously, to the bottom approach: reducing the economy everywhere."
Kazakhstan's entry into the state of economic crisis, it was stated by the President of Kazakhstan Nursultan Nazarbayev on Feb. 6, 2008 in his speech to the annual address to the nation
Kazakhstan's GDP, according to the National Statistical Agency, declined in January 2009 to 2,9% in January 2008; industry - by 1,8%.
In the "Rossiyskaya Gazeta" on Feb. 2, 2009 Nursultan Nazarbayev an article entitled "Plan of radical renewal" in which the author introduces several new terms and concepts (for example, "defektal" - "defective capital, which operates a defective exchange") and advanced "global initiative PRO" - "radical renewal plan, which was to" prepare the world for practical transition from the era of the defective part, "tranzitalizma" in the coming world "akmetalizma".
2 February 2009 The Government of the Republic of Kazakhstan reported repurchase 78% of BTA and 76% of the shares of Alliance Bank.
February 4, 2009 National Bank of Kazakhstan devalue the national currency Tenge 25%.
April 2, 2009 National Welfare Fund "SamrukKazyna" supported the People's Bank, bought 21% stake in the bank.
Kazakhstan National Fund's assets decreased by almost 20% in the first quarter of 2009.
April 10, 2009 Goldman Sachs Lowers Outlooks drop in GDP of Kazakhstan from 0 to 3%.
Nursultan Nazarbayev instructed the Agency for Financial Supervision (AFS), Kazakhstan to consider restructuring of external debt.