The construction of an international airport 20 kilometers from Turkestan city is proceeding according to a plan, the press service of the regional administration reports. According to the regional administration, 341 workers and 106 units of machinery are engaged in the construction led by Turkistan International Airport LLP. It is said the agreement under private-public…
According to the Health Ministry, local pharmaceutical producers are currently working at full capacity in Kazakhstan. It is also said the pharmaceutical producers are now using a three-shift system to provide constant supplies of their products to the retail market as well as to ensure free supplies of pharmaceuticals to medical facilities. According to the…
Many Finnish companies are currently re-evaluating the internationalization plans due to the COVID-19 pandemic, a source in Finland’s Ministry of Foreign Affairs has reported. The official said that focus areas for Finnish businesses in Kazakhstan were energy, cleantech, digitalization and education. “For instance, in education, the last few years saw an opening of an innovative…
The value of trade turnover between Kazakhstan and Russia amounted to $5.2 billion over the first four months of 2020 compared to $5.7 billion during the same period of 2019, the Statistics Committee reported. The share of Russia in total value of Kazakhstan’s trade turnover was 18.7% during the reporting period of 2020 compared to…
According to Aliya Moldabekova, deputy chair of the National Bank of Kazakhstan, the country’s national reserves have jumped to $32.9 billion. Moldabekova said there had been a 13.5% or a $3.9-billion rise in international reserves of the country. As of June, international reserves have amounted to $32.9 billion, increasing by $1.3 billion last month. According…
In 11 months of 2019-2020 MY, Kazakhstan exported 1.36 million tons of wheat flour, down by 26% (0.5 million tons) YoY and by 39% (0.9 million tons) compared to 11 months of 2017-2018 MY. The main reason of export decline was lower demand from the key importers. Thus, in July-May of 2019-2020 MY, Uzbekistan was…
Prices for industrial products fell by 18.1% over the past six months of current year in Kazakhstan, the Statistics Committee reported. While the mining sector has seen prices falling by 34%, the manufacturing sector reported an increase of 0.5% in its products’ prices. Industrial products lost their value by 20.3%, whereas industrial services went up…