Kazakhstan: exports up in April 2018

The prices for exported goods in Kazakhstan in April increased by 0.6% compared to December 2017, and for imported goods – by 1.1%, according to the Statistics Committee of the Kazakh National Economy Ministry. In the reporting period the increase in prices of export supplies was registered for copper – by 7.9%, non-ferrous and ferrous…

Kazakhstan: peas lose Turkish market

Although the crop of peas in Kazakhstan increased substantially in 2017, their exports have started sinking. The reasons include both intensifying competition among exporters of this crop and weaker foreign demand. Kazakhstan exported some 20.2 thousand tons of peas in the first seven months of 2017-2018 (September-March), down 4-fold YoY. Turkey, which has been the…

Kazakhstan: defense industry development one of priorities

“Today’s situation in the world forces all to strengthen the country’s defense capability,” Kazakh President Nursultan Nazarbayev said opening the V International Exhibition Weapons Systems and Military Equipment KADEX-2018 in Astana. “Our country pursues peaceful policy aimed at strengthening good-neighborly relations with near and far-abroad countries. However, today’s situation in the world forces all to…

Kazakhstan: Iranian rice to be sown

One of the peasant enterprises of Kyzylorda region plans to sow Iranian Torem Hoshemi rice variety on 500 ha. Last year it sowed a trial of Iranian rice on 70 hectares and got a good harvest, thus, gaining an opportunity to export its products to Iran. The local experts analyzed the mineral content of the…

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…