There are more than two thousand online stores in Kazakhstan, Bakhyt Sultanov, Minister of Trade and Integration of the Republic of Kazakhstan, has announced at a Government meeting. “COVID-19 pandemic leads to a significant growth in online shopping. The increase in sales through B2C (Business-to-Consumer) channels is especially noticeable in online trade of medicines, household…
Separate households of North Kazakhstan Region started to harvest spring crops last week that was the earliest time for this region. Particularly, the field works were started by two agricultural households, which carried out the spring planting campaign one month earlier than others due to the warm spring. They started to harvest barley last week…
Baiterek Holding through its subsidiaries – KazakhExport and the Development Bank of Kazakhstan – continues to actively support Kazakh exporters. Over six months of 2020, the export insurance company KazakhExport provided insurance support to 49 exporters (13 of which received support for the first time) in the amount of KZT 26.4 billion. In 2019, the…
Another plane with a medical cargo with a total weight of 34 tons has arrived in Almaty from India. The pharmaceuticals were purchased at the expense of the Almaty city Akimat to form the stabilization fund. The medical cargo contains such medicines, as anticoagulants – enaxoparin, heparin; antibacterial ofloxacin; anti-inflammatory medicines – prednisone, dexamethasone; antibiotics…
According to the results of the first half of 2020, Kazakhstan’s GDP has decreased by 1.8%, while the forecast was -1.5%. This is due to the downturn in the service sector, despite the relaxation of quarantine measures and the opening of trade and catering facilities from mid-May. According to the National Bank, such industries, as…
The National Bank of Kazakhstan has made an unplanned decision to reduce the base rate to the level of 9% per annum with the expansion of the corridor to +/- 1.5%. Consequently, the rate for the liquidity provision standing facilities is 10.5% and for the liquidity withdrawal standing facilities – 7.5%. The decrease in the…
Within six months Kazakhstan has produced more than 400 tons of kumis (mare’s milk) and almost 1,000 tons of shubat (camel milk), the press service of the Ministry of Agriculture has reported. The major part of the traditional Kazakh drinks was produced in Almaty region. In the first half of the current year, Kazakhstan farmers…