Kazakhstan: fourth refinery to be built

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…

Kazakhstan: economic growth praised

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…

Kazakhstan: mutton to be exported to China

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,…

Kazakhstan: Kazkommertsbank and Halyk Bank merger to be completed in H2 2018

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…

Kazakhstan: rapeseed prices stable

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…

Kazakhstan: car output triples in January 2018

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)…

Kazakhstan: barley exports growing

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: new cement plant to appear

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…

Kazakhstan: new international flights to be launched

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.…