Stories related to finance and economics.
Kazakhstan's GDP grew by 4.5% in the first five months of 2023, announced Prime Minister Alikhan Smailov on Thursday (29 June) at a national forum of members of local representative bodies of the ruling Amanat Party.
The Turkish lira, has sunk to record lows on Friday morning (23 June) after the country's central bank almost doubled interest rates in an attempt to stabilise the prolonged crisis affecting the country's currency and economy.
On Thursday (22 June), the central bank hiked interest rates from 8.5% to 15% in the country's first interest rate hike since March 2021. This increase was still behind Reuters news agency's prediction of a hike to 21%, however.
The British Prime Minister Rishi Sunak has announced $3bn of funding over the next three years for Ukraine's reconstruction on Tuesday (20 June).
The announcement came one day before the International Ukraine Recovery Conference 2023 taking place in London on Wednesday and Thursday (21-22 June). The total cost of Ukraine's post-war reconstruction is understood to be approximately $411bn, although this figure will increase as Russia's invasion and occupation continues.