Kazakhstan Current Affairs - 2019

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Kazakhstan renames Capital Astana after Ex-President

Kazakhstan has renamed its capital Astana to Nursultan to honour outgoing leader Nursultan Nazarbayev. The announcement regarding this was made by the new president Kassym-Jomart Tokayev and was approved by the parliament of Kazakhstan. Nursultan Nazarbayev served nearly 30 years as leader of the oil-rich nation.

The decision of the Nursultan Nazarbayev to step down came as a surprise when he made an announcement regarding this through a television address. He was the first president of Kazakhstan and lead Kazakhstan since it emerged from the collapse of the Soviet Union in the early 1990s.

It was Nursultan Nazarbayev who moved the capital of Kazakhstan’s capital from the southern city of Almaty, near the Kyrgyz border, to northern Astana, which translates to “the capital” in Kazakh and Astana boomed from a minor provincial steppe town into a futuristic city. Although proposals were made earlier to rename the city as Nursultan earlier,  Nursultan Nazarbayev had himself rejected such proposals.

Month: Categories: International

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Worldwide Cost of Living Survey 2019 by Economist Intelligence Unit

The Economist Intelligence Unit has released the report of the Worldwide Cost of Living Survey 2019.

Findings of the Survey

  • For the first time in its 30-year history, three cities have been accorded the title of the world’s most expensive city in the Worldwide Cost of Living Survey from The Economist Intelligence Unit.
  • Singapore which top’s of the rankings for the sixth consecutive year is joined there by Hong Kong and Paris.
  • Zurich in Switzerland stood at the fourth position followed by Japan’s Osaka which shared fifth place with Geneva, also in Switzerland.
  • Seoul (South Korea), Copenhagen (Denmark) and New York (US) were jointly placed at the seventh spot.
  • Los Angeles (US) along with Israel’s Tel Aviv was named the 10th most expensive city in the world.
  • The cost of living in Chinese cities remains relatively stable, while Southeast Asian destinations were moving up the ranks.
  • Weaker local currencies have pushed all five Australian and two New Zealand cities surveyed down in the ranking.
  • While parts of Asia remain the most expensive places on Earth, Asian Cities also makes several appearances at the bottom of the list.
  • World’s cheapest cities include Caracas (Venezuela), Damascus (Syria), Tashkent (Uzbekistan), Almaty (Kazakhstan), Karachi (Pakistan), Lagos (Nigeria), Buenos Aires (Argentina) as well as the three Indian cities of Bengaluru, Chennai and Delhi.

 

The Survey compares more than 400 individual prices across 160 products and services in cities around the world by keeping New York as the benchmark city.

Month: Categories: InternationalUPSC

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