Kazakh Energy Ministry has found a private investor ready to take part in construction of the fourth refinery in the territory of Kazakhstan, our correspondent reports. “Another key step in the domestic oil and gas industry is construction of a new refinery. A group was set up on the instructions of the president to develop…
12 student dormitories will be built in Atyrau region. Two 100-bed dormitories are being already built, and construction of two more will start soon. The local administration is developing design and specification estimates for construction of 8 more dormitories for 960 students at large, its press service said. According to the third direction of the…
Prime Minister of Kazakhstan Bakytzhan Sagintayev praised national GDP growth in 2018 at the session of the government on April 17. “From what we have heard during reports today it follows that GDP growth amounted to 4.1% in March. The Head of State Nursultan Nazarbayev tasked the government to step up economic growth and given…
In Almaty region, with the support of Kazakh Invest, a plant will be built in 2019 to produce plant protection products with the participation of Turkish investments. The foreign investor, represented by the Turkish holding company Agrobest Group, invests $30 million in the production of herbicides, insecticides, fungicides, seed protectants and glyphosate in Kazakhstan. Kazakh…
Kazakh Central Communications Service hosted press conference “The Ministry of Agriculture opened up exports of Kazakh mutton to China”. The event was attended by Tursyn Kabduldanov, the Chairman of the Veterinary Control and Supervision Committee of the Kazakh Ministry of Agriculture, Azamat Saginbayev, the Director of the Livestock Department of the Ministry, and Kaiyrzhan Nauryzghaliyev,…
S&P Global Ratings kept their “B+” long-term global scale issuer credit rating and “kzBBB-” long-term Kazakhstan national scale rating on Kazkommertsbank (KKB) on CreditWatch with positive implications, where it was placed on December 22, 2017, the press office of the international rating agency reported. At the same time, the rating agency affirmed the “B” short-term…
For the last one and half month the price tendency on rapeseed market of Kazakhstan has been stable due to the sufficient supply of the product from the farmers. Since the beginning of February the bid prices on rapeseed have been declared usually in the range of 110-125 thousand tenge per ton CPT. (APK-Inform/Business World…
A memorandum on launching flights between Aktau and Dubai was signed during a business visit of the delegation led by governor of Mangistau region Yeraly Tugzhanov to the United Arab Emirates. The Memorandum was signed between the Aktau airport and flydubai airline. Thus, in October flydubai will launch a new regular flight Dubai-Aktau-Dubai for the…
Akim of Akmola region Malik Murzalin met with the management of Dubai Chamber of Industry and Trade and discussed supply of Akmola flour to the UAE, Marat Igaliyev, Advisor of Akmola region governor, reported. 800 tons of Kazakhstan’s first commercial flour were delivered to the UAE in March by Inter Trade. The company was founded…
Kazakhstan supplied 175.8 KMT of barley to foreign markets in December 2017. This was the largest volume since MY 2014-2015 and 13.7% more than in December 2016. Total barley exports from Kazakhstan in September-December 2017-2018 reached 553.7 KMT, up from 355.6 KMT. In the first four months of MY 2017-2018 the top three importers of…
Air Astana will offer daily, non-stop flights from Nazarbayev International airport in Astana to London Heathrow, effective as of June 1. The additional frequencies, on Wednesdays and Fridays, are already available for sale. “We are delighted to have finally secured daily flight status on what is such a prestigious and popular route – the only…
Daniyar Akishev, Chairman of the National Bank of the Republic of Kazakhstan, mentioned the much talked about merger of Qazkom and Khalyk Bank on February 22. The question about the consolidation of the two Kazakhstani banks popped up at the online conference Akishev held in Almaty. “The process of the merger is underway. We were…
A health resort may be built at Lake Tuzkol of Inderskiy district, Atyrau region. Last year the content of the water was studied by Kazakhstan scientists together with Russian specialists of Pyatigorsk State Scientific Research Institute of Balneology of the Federal Medical Biological Agency of the Russian Federation. The analysis showed high degree of healing…
Kazakhstan produced 2,105 vehicles worth 12.1 billion tenge in January, reads a report issued by the Union of Enterprises of the Automobile Industry of Kazakhstan “KazAvtoProm”. The volume of output in physical terms exceeded the last year’s indicator 3.6-fold. The production of passenger cars increased 3.7-fold, reaching 2,041 units. The output of trucks (52 units)…
2,300 rail cars of a new modification are going to be released in Pavlodar region in 2018, governor Bulat Bakauov informed. “Last year due to support of the government Kazakhstan’s Wagon-Building Company, which had been idle for two years, resumed production. As a result we increased growth of machine engineering industry 1.2-fold. This year we…
The National Economy Ministry of the Republic of Kazakhstan has published data on the country’s total crop and adjusted plantings for the 2017 harvest. In addition, the release includes somewhat surprising figures for grain yields. The Statistics Committee of the Ministry expanded the barley acreage in Kazakhstan to a much greater degree than expected, while…
Kazakhstan will launch a direct flight from its Atyrau city to Frankfurt. “Kazakhstan will implement new international flights from its regions. A regular direct flight from Atyrau city to Frankfurt will be launched on March 26. The flights will be operated on an Airbus-321 aircraft. The flights schedule will include 2 flights a week on…
China’s Gezhouba Group Cement Co., Ltd. plans to commission a cement plant in Kazakhstan’s Kyzylorda region in December, said the company’s head, Lee Min, on the sidelines of a meeting with the region’s head, Krymbek Kusherbaev. The parties discussed the construction of the cement plant in Shieli, Kyzylorda region, by the Chinese company, as well…
AS Air Baltic Corporation will launch a new summer season route between Almaty and Riga on April 29, the airline’s press service reported. The new route will provide new convenient travel opportunities for passengers from the Baltic countries and Kazakhstan to the destinations of airBaltic’s route network that covers Europe, Scandinavia, Russia, and the Middle…
Decision of the specialized interdistrict economic court of Almaty to forcibly terminate the activities of Kazinvestbank JSC entered into force on January 24, the press service of the Kazakhstan Deposit Insurance Fund (KDIF) reported. All deposits of individuals in Kazinvestbank JSC were transferred to DB Alfa-Bank JSC. KDIF will attract an agent bank for payment…
Inflation in Kazakhstan in 2018 is projected in the corridor of 5-7%, said the chairman of the National Bank of Kazakhstan Daniyar Akishev during a press conference on January 25. He added that in 2017 annual inflation amounted to 7.1%, which corresponded to the initial target corridor (6-8% for 2017). “Slowing of the inflation took…
Kazakhstan will launch several international flights in 2018, the Civil Aviation Committee of the Kazakh Ministry of Investment and Development said. In 2018 foreign airlines, including Air Baltic, Emirates, Fly Dubai, Aeroflot and Angara plan to launch regular Riga-Almaty, Dubai-Almaty, Dubai-Aktau, Moscow-Kyzylorda and Krasnoyarsk-Almaty flights. Besides, Finnair will resume the Astana-Helsinki flights, the Committee said.…
The development of the route network from Astana is facing the risk of losing foreign airlines which may reduce flights to Kazakhstan, Ibrahim Canliel , Chief Financial Officer at Air Astana said at a press conference on January18. “Over the past years, many airlines like Austrian Airlines, Asiana, KLM have canceled their flights to Astana,…
The National Company KazMunayGas JSC and China National Petroleum Corporation held bilateral negotiations in the furtherance of the agreement signed earlier by the heads of the two states, the press service of the national company reported. During the meeting, the sides agreed on the future increase in the Kazakh gas exports to China, up to…
In December 2017 the number of unemployed people in Kazakhstan amounted to 441,800 people, which is 5% of the economically active population, the Statistics Committee of the Kazakh Ministry of National Economy reported. As of the end of December 2017, the employment agencies of the Republic of Kazakhstan registered 70,300 unemployed people or 0.8% of…