Georgian Airways is to resume direct flights from Astana to Batumi, the Civil Aviation Committee of the Ministry of Investments and Development of Kazakhstan said in a message. The flights will be carried out once a week on Fridays from June 22 to September 1, according to the message. Batumi is located on the Black…
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 will put into operation a record of 4,500 kilometers of roads in 2018, the Minister for Investments and Development of Kazakhstan Zhenis Kasymbek said at a press conference. “On average, we put 2,500 kilometers of roads into operation per year. This year we could increase this indicator to 4,500 kilometers,” said Kasymbek. The minister…
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 launched the construction of the Big Almaty Ring Road (BARR). The project envisages construction of a 66-km long bypass road around Almaty with six lanes. Intensity of traffic on the BARR is estimated at more than 38,000 cars per day. Along with the construction of the highway, the project provides for the construction of…
VTB Bank Kazakhstan started to issue MasterCard payment cards, the press service of the bank stated. The Bank’s own emission will open up new opportunities for customers. “MasterCard is one of the most popular payment systems in the world, with cards of which payments can be made in more than 210 countries. We issue MasterCard…
“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…
One more mountain ski resort will be built at the Turgen gorge, Almaty region. “The mountain ski park will include the full range of existing ski resorts. The ski trails will be stretching over 180 km to welcome more than 30,000 guests at a time. Hotels with a capacity to accommodate 24,000 at a time…
The European Bank for Reconstruction and Development (EBRD) is organizing a loan together with the Clean Technology Fund (CTF) and the Asian Development Bank (ADB) to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan, a region known as the base for space exploration and a testing ground, the…
Aktas ski resort project, initiated by Alina Group of Companies, was presented in Almaty. “The project foresees construction of 12 cable railroads, 31 km of ski trails, hotels to accommodate more than 700 guests at once, restaurants, cafes, etc. It is expected to welcome 724,000 people a year, or up to 12,000 guests a day.…
An opening ceremony of the first solar power plant and laying the foundation of the desalination plant took place on the Unity Day, May 1, in Mangistau, the press service of the governor of Mangistau region reads. The new powerhouse has no analogues countrywide. It is built in Munaily district under the Business Road Map…
Kazakhstan’s National Bank has suspended the license of Qazaq Banki JSC for accepting deposits and opening bank accounts for individuals for a period from April 28 till July 27, the press service of the National Bank of Kazakhstan said in a message. “The validity of the license of Qazaq Banki JSC for accepting deposits of…
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…
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…