Thanks to support of KazakhExport Export Insurance Company (Baiterek affiliate) Kazakhstani companies have reached a new level of cooperation, Chairman of the Board of Baiterek National Management Holding Aidar Arifkhanov said. KazakhExport encourages Kazakhstani companies to enter the international market of construction services. For example, the country’s companies take part in the railways construction tender…
Uzbekistan and Kazakhstan are planning to increase the volume of mutual trade to $4 billion. Nowadays, Kazakhstan and Uzbekistan carry out joint projects and cooperation programs in such areas as mechanical engineering, electrical engineering, food industry, tourism, transport and logistics. Recently, the volume of trade between the two countries has grown at a high rate.…
Tyulkubass district of Turkestan region has harvested 600 tons of walnuts, the local administration’s press service reports. The said district is considered a home to the best tasting apples and walnuts. In 2018 the district planted walnut trees on the territory stretching over 257 ha. This year it plans to bed out walnut trees on…
“It is planned to build 10 ski resorts in Almaty to boost mountain skiing tourism,” deputy head of the Almaty city tourism department Kalibek Akylbekov said. “Mountain skiing tourism development will embrace three clusters in Almaty and Almaty region until 2025. Last year the Austrian company developed the Almaty and Almaty region alpine tourism cluster.…
Kazakhstan negotiates with a number of Indian tractor makers including Mahindra & Mahindra company for the purchase of tractors and agri-input mechanization equipment to boost the agriculture, the country’s ambassador in India Iskander Baitassov reported. “We are holding dialogues with some Indian tractor makers. Negotiation with Mahindra & Mahindra is ahead than others. We are…
Asian Development Bank (ADB) forecasts Kazakhstan’s economic growth to slowdown in 2019 and 2020, reflecting lower oil prices and reduced growth in China and Russia. “Aside from oil revenues, public investment is expected to become a key source of economic growth in the coming years,” reads the latest ADB outlook. The bank expects the growth…
FlyArystan, a low-cost airline, has announced the sales start for its first flight en route Almaty-Taraz slated for May 1, the company’s press service reports. The one-way ticket cost starts at KZT 4,999, including passenger charges. The flight duration is 60 minutes. The daily flights will be operated by Airbus A320. FlyArystan is expected to…
Vice Minister of Energy Magzum Mirzagaliyev informed about preliminary results of the country’s gasification and plans for the future. “As for gasification, in 2014 we adopted the country’s general gasification scheme that reflected priority areas and domestic demand in gas. The general gasification scheme is financed from the national budget, national operators’ revenues and other…
Al Hilal and Zaman-Bank are the two Islamic banks operating in Kazakhstan today. The latter received an official permit from the National Bank for voluntary reorganization into the Islamic Bank in 2016. In August 2017 the bank obtained its license and was renamed the JSC Islamic Bank “Zaman Bank”. In a year, the total share…
The results of two months of 2019 show that the revenues of air transport enterprises in Kazakhstan rose by 21.2% YoY and reached 49.7 billion tenge ($1.3 billion). The share of air transport in the transportation industry as a whole was 10.8%; in 2018 the share of airlines was slightly lower – 10.2%. The main…
The launch of Air Astana’s low-cost division, FlyArystan was announced in November 2018, Air Astana’s press service reported. The new airline has already appointed 90 new staff and is well on the way to the 150 people needed by the time operations commence in a few months time. The new airline will provide a real…
The volume of bilateral trade between Kazakhstan and Malaysia increased almost 4-fold compared YoY and amounted to $478 million in 2018, the Ministry of Foreign Affairs of Kazakhstan reported. Exports from Kazakhstan reached $351.7 million, while imports from Malaysia reached $126.1 million. In 1996, Kazakhstan and Malaysia opened their embassies in Kuala Lumpur and Almaty,…
A new local history museum is being constructed in Sairam district of Turkestan region. The project cost totals KZT 86.5 million, the governor’s press service reported. Batyr Tulegenov, the site supervisor, informed that the construction works commenced in August 2018 and were expected to be completed in April. There will be various valuable exhibits telling…
At the instruction of the Head of State, Nursultan Nazarbayev, the Civil Aviation Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan and Air Astana are working round the clock to launch FlyArystan low-cost airline. The ticket sales for the carrier’s commercial flights are expected to start on March 29. “Starting from May,…
Akmola region has sent the first batch of beef to Iran. “Astana Agroproduct LLP, situated in Korgalzhyn district, Akmola region, for the first time ever has concluded a contract to deliver meat products to Iran. The company’s meat products conform to the highest Halal standards,” Deputy Governor of Akmola region Marat Igaliyev said. Another batch…
Kazakh Industry and Infrastructure Development Minister Roman Sklyar spoke about the plans to launch the first flights of Fly Arystan, the country’s first low-cost airline. “Pursuant to the Kazakh President’s task Fly Arystan is to start flying in the first half of 2019. It is expected to carry up to 1 million passengers during the…
Construction of the first 50 MW phase of the Astana EXPO 2017 wind farm is being completed. CAPEC Green Energy Director Yedil Saryev made the remarks at the Central Asian states’ renewable energy summit held in Astana. He noted that the first phase of the wind farm was planned to be launched in the middle…
In 2018, Kazakhstan exported 24,600 tons of fish products to the amount of $56.5 million, Saken Dildakhmet, press secretary of the Agriculture Ministry’ Forestry Committee, reported. Meanwhile, Kazakhstan imported 34,300 tons of fish products worth $70.7 million. Oceanic fish and sea products comprise 80% of the import, Saken Dildakhmet posted on his FB account. The…
Enterprises of the mining sector of Kazakhstan’s Kostanay region produced goods for 361.7 billion tenge in 2018, up by 15.5%, governor of the region Arkhimed Mukhambetov said. He also noted positive trends in all major macroeconomic indicators. The head of the region said that industrial enterprises manufactured products for 871.7 billion tenge. Mukhambetov touched on…
The check-in counter for transfer passengers arriving in Almaty & Astana via Incheon International Airport in Seoul will cease operation on March 1. From that date, the check-in process for Air Astana flights will be undertaken at the gate commencing three hours prior to flight departure and closing 40 minutes beforehand. Passengers will be required…
Kazakhstan’s foreign trade turnover in 2018 comprised $93.5 billion, up by 19.7% YoY, the Statistics Committee of the National Economy Ministry reported.
The volume of export in the reporting period made $67 billion (+25.7%) and import was $32.5 billion (+9.9%). (Kazinform/Business World Magazine)
Although most forecasts indicate that Kazakhstan’s pig industry is heading for extinction, the Kazakh Union of Pig Farmers has recently adopted a development program targeting a significant increase in production capacities with export opportunities. In the plan, Russia and China would be the main targets of the exports. By 2025, the Kazakh Union of Pig…
In 2018, more than 400 trains were sent from Kazakhstan’s “Bolashak” border railway station to neighboring Turkmenistan, twice as much as in 2017, the press service of Kazakhstan Temir Zholy (Kazakhstan Railways) reported. Kazakhstan transports wheat, flour, milling products, barley, oats, and lentils. All products are exported to Turkmenistan, Iran and Afghanistan. Cargo traffic passes…
Air Astana will fly to New York and Shanghai, Minister of Industry and Infrastructe Development Zhenis Kassymbek said at the February 5 session of the government. “This year the ministry together with Air Astana will take steps to launch air communication with New York, Shanghai and other world’s big cities,” Minister Kassymbek told participants of…
Head of State Nursultan Nazarbayev has set a new task to the domestic airlines at a governmental meeting. The President commissioned them (primarily Air Astana) to launch flights to the U.S. and Japan. He stressed this objective must be fulfilled till the year-end. Minister of Industry and Infrastructure Development Zhenis Kassymbek reported to the President…
Karaganda region has started its large-scale transition to green technologies. The 100 MW solar power plant, recognized as the largest in Central Asia, was put into operation in Saran. 307,000 voltaic panels are stretching over 164 ha to convert solar power into electrical energy. The solar panels can produce about 10-15 MW even on the…
In 2018, JSC Ak Bidai – Terminal (a subsidiary of the “Food Contract Corporation”) handled 818.4 thousand tons of grain through the grain terminal in Aktau port. In 2017, grain handling reached around 500 thousand tons. As reported by the company, last year, the growth was conditioned by an increase in grain exports, favorable weather…
In 2018 Passenger Transportation JSC carried 17, 719,000 passengers (including domestic and transit passengers), down by 500,000 passengers YoY. In 2017 Kazakhstan hosted EXPO 2017 international exhibition, the company’s press service reports. Three new routes were launched last year. Astana-Turkestan train bridges the capital with the new regional center of Turkestan region, the historical city…