Kazakhstan: GDP up in January-May 2019

The country’s GDP growth reached 4% in January-May, Kazakh Prime Minister Askar Mamin said at a government meeting. He instructed to take measures to increase the pace of economic development. The main drivers of the economy were construction – an increase of 8.8%, trade – 7.5%, transport – 5.3%, processing industry, including mechanical engineering –…

Kazakhstan: flour exports down in MY 2018-2019

Kazakhstan exported 1.2 million tons of flour in September-March 2018-2019, down by 21% YoY and the lowest volume in three years. Afghanistan is the biggest importer with its market share reaching 67%. Growth in exports is registered to China (+272%) and Tajikistan (+59%). A decrease in shipments is observed to Afghanistan (-20%), Uzbekistan (-33%) and…

Kazakhstan: GDP up in January-April 2019

Kazakh National Economy Minister Ruslan Dalenov gave an insight into the country’s economic growth rates. According to him, the country’s GDP growth made 4% in January-April against 3.8% recorded in this January-March due to accelerated development in manufacturing sector, service industry, agriculture and steady construction rates. “Since the beginning of the year the inflation rate…

Kazakhstan: FlyArystan maiden flight lands in Nur-Sultan

FlyArystan low-cost airline has performed its first flight landing in Nur-Sultan, the Telegram Channel of the Civil Aviation Committee of the Kazakh Industry and Infrastructure Development Ministry reads. The solemn presentation of the first flight of FlyArystan low-cost carrier took place at the airport. Samruk Kazyna CEO Akhmetzhan Yessimov, Kazakh Industry and Infrastructure Development Minister…

Kazakhstan: company to build railways in Slovakia

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…

Kazakhstan: Almaty to build 10 ski resorts

“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: 60,000 people to be provided with gas

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…

Kazakhstan: trade with Malaysia up in 2018

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,…