Minister of National Economy of the Republic of Kazakhstan Timur Suleimenov noted an increase in exports. “Exports have grown by 28.2% ($39.1 billion). This is due to the increase in deliveries of oil by 45.4%, agricultural products by 30.1%, oil gases by 30.2%, aluminum by 24%, and copper ores by 12.5%,” the minister said at…
Kyrgyzstan lifted restrictions on the import of poultry and poultry products from Kazakhstan, the State Inspectorate for Veterinary and Phytosanitary Safety of the Kyrgyz Republic reported. The ban was lifted on the basis of confirmation by Kazakhstan of the results of laboratory tests of the National Reference Center for Veterinary Medicine on the stabilization of…
Kazakhstan and Serbia are set to launch a direct flight linking their capital cities, the press service of the Civil Aviation Committee of the Ministry for Investment and Cooperation of the Republic of Kazakhstan reported. The corresponding memorandum was inked on the sidelines of Serbian President Aleksandar Vucic’s official visit to Astana on October 9.…
Kazakhstan has harvested 18.17 million tons on grain as of October 3. According to the Ministry of Agriculture, farmers have harvested 13,453,700 hectares, which constitutes 89.5% of the areas planted to grain crops, with the average yield of 13.5 hundredweights per hectare. As of October 3, 2017 farmers had harvested 15,170,300 hectares or 99% of…
The construction of a covered football stadium, which will be able to seat 3,500 people, in Kyzylorda will begin in 2019, governor of the region Krymbek Kusherbayev told FC Kaisar’s management team and players. The head of the region met with the football players during a regular training session and shared his impressions with them.…
The Asia Auto plant in Ust-Kamenogorsk City is starting to manufacture the new LADA Granta cars. “LADA retains the status of an anchor brand in Kazakhstan’s automotive industry. This is the most popular brand among residents of the country: since the beginning of the year almost a quarter of buyers of new cars in Kazakhstan…
A chemical plant will start operating in Aktau in 2020. It will be built by Topan Chemical Industries. According to Gaisa Zhumaliyev, head of the company, the new factory will produce caustic soda and chlorine-containing products. The project value is $70 million. The plant is expected to be constructed in the Seaport Aktau Special Economic…
Yildirim Holding, a Turkish company, plans to launch soda ash production in Zhambyl region. In December 2017 Head of State Nursultan Nazarbayev had a meeting with Robert Yuksel Yildirim, CEO at Yildirim Holding, at the EXPO Congress Center in Astana. The meeting participants discussed prospects for investment projects in the chemical industry of Kazakhstan. In…
As of September 13 Kostanay region has harvested only 1.7 million ha of grain crops, or about 43% of the total amount. 4,997 farm producers work in Kostanay region to sow 3,937,600 ha of cultivated area. More than 62,000 units of equipment are involved in reaping the harvest. The harvesting campaign is falling behind the…
According to the results of the first eight months of 2018, the growth of gross domestic product (GDP) in Kazakhstan amounted to 3.8%, Minister of National Economy Timur Suleimenov revealed. While addressing the government’s session, minister Suleimenov noted that the positive trend of economic growth in Kazakhstan had persisted in January-August. “At the same time…
The airport of Semey city has begun to receive aircraft after its reconstruction, which was started in 2016. Over 10 billion tenge had been allocated for the overhaul of the runway and adjacent territory. “The reconstruction has been completed and work is underway to equip the airport with services and utilities,” chief of ground services…
One of the farm households of Abai district, Karaganda region, started growing sweet sorgo sowing over 100 ha of field for the first time ever, the regional administration’s press service said. Sweet sorghum with stalks having high sugar content can be used to produce biofuel, foods and cattle fodder. “We have started harvesting of the…
The prices of meat products in Kazakhstan increased in August compared to the previous month. Thus, horsemeat has risen in price by 2% MoM, the chicken legs – by 3%, and frozen fish – by 1%. At the same time, the prices of vegetables have showed a decline in the reporting period. In August the…
“Kazakhstan’s GDP per capita will have reached $46,000 by 2025,” National Economy Minister of Kazakhstan Timur Suleimenov said. “As you know, early the Head of State signed the country’s development strategic plan until 2025. It is purposed to achieve sustainable economic growth leading to raising living standards by 2025 comparable to that in the OECD…
Kazakhstan exported 162 thousand tons of flour in May, up by 18% MoM (137.5 thousand tons), but down by 2% YoY (165 thousand tons). In total, Kazakh flour exports in MY 2017-2018 (September-May) were up by 4% YoY, at 1.8 million tons. The biggest importers of flour from Kazakhstan are its neighbors Afghanistan and Uzbekistan.…
Kazakhstan’s Eurasian Bank JSC plans to increase the share of retail lending in its portfolio, the bank’s Chairman Pavel Loginov said. “We are planning to change the bank’s balance structurally – retail and corporate businesses should be at 60% and 40% respectively by 2020,” Loginov said. “A year ago the ratio was 40% and 60%,…
Turkestan region governor Zhanseiit Tuimebayev met with Dal Holding Investment CO deputy director Cemalettin Ceker, the governor’s press service reports. The parties debated issues concerning attraction of investments to the development of glass-house industry in Turkestan and Kentau. According to the project proposed, up-to-date greeneries will be built in the territory of 200 ha, 80%…
Air Astana, Kazakhstan’s award winning national carrier, is offering special fares for travel to this year’s Astana Marathon taking place on September 16 in the Kazakh capital. For the second year in a row, the airline will be the Official Carrier and Gold Sponsor of the prestigious charity run (Astana Marathon 2018) and is offering…
Kazakhstan’s Kaz-Ir AGRO LLP made the first shipment of safflower oil to Japan in the volume of 37.3 tons, Kaz-Ir AGRO said. Kaz-Ir AGRO is the first company in the history of Kazakhstan to supply food products to Japan, specializing in growing safflower, as well as producing unrefined safflower oil of cold pressing. In June…
Aviation authorities of Kazakhstan and Hong Kong met in Astana to discuss air communication between the two countries, the Civil Aviation Committee of the Ministry for Innovations and Development of the Republic of Kazakhstan reported. During the meeting with Talgat Lastayev, Chairman of the Committee, the officials from Hong Kong expressed interest in increasing passenger…
The National Bank of Kazakhstan has suspended the license of Qazaq Banki for accepting deposits and opening bank accounts of individuals until September 28, said a message from the National Bank of the country. “The decision was taken by the National Bank within the framework of the supervisory response to certain violations by the bank…
The first batch of popular brands of Kazakh ice cream “Bomba” (Bomb), “Bakhroma” (Fringe) and “Mishka na polyuse” (Bear at the Pole) has been sent to China. A truck with 10 tons of Kazakh ice cream will go from Almaty to Shanghai. The Shin-Line company is the supplier. The company has its own warehouse in…
The beekeepers of the North Kazakhstan region intend to collect 1,000 tons of honey this year, Head of the Association of Beekeepers Oleg Gavrilov told governor Kumar Aksakalov. “In view of the number of bee packages delivered, this year we can collect 1 thousand tons of honey. Last year we collected approximately 300 tons of…
The passenger traffic at the Nursultan Nazarbayev International Airport hit 2,045,154 passengers in January-June, up by 17% YoY, the company’s press service reports. In the past six months it also increased internal passenger flow by 12%, the airport served 1,346,578 people at large. During the period under consideration, the international airport received 798,576 of international…
Kazakhstan has started supplying flour to Afghanistan through the new railway route, the press service of Kazakhstan Railways JSC reported. A flour-laden train has been sent from Kostanay station to Afghanistan, and the train will pass through the territory of Kazakhstan and Turkmenistan, according to the report. The length of the Kostanay-Bolashak-Serhetabad (Turkmenistan) route is…
Finnair air carrier resumes its flights to Astana. The flights will be operated from July till September twice a week on Wednesday and Fridays by comfortable Airbus 319. The flight duration is four hours, the press service of the Nursultan Nazarbayev International Airport JSC said. Last summer Finnair transported more than 3,000 passengers. (Kazinform/Business World…
Uzbek joint-stock commercial bank Asia Alliance Bank together with Kazakhstan’s export insurance company KazakhExport and “Alfa Bank” JSC have successfully executed a deal for a total of $1.5 million. The main objectives of the bank’s foreign economic activity are to attract resources of the world financial institutions for financing the sectors of the economy of…