On March 11, H.E. Mr. Berik Aryn, the Ambassador of Kazakhstan to Saudi Arabia, met with H.E. Dr. Khaled bin Sulaiman Alkhudairy, Vice-Chairman and Managing Director of the Saudi Fund for Development (SFD). During the meeting, the parties discussed issues related to the participation of the SFD in the implementation of significant development and infrastructure…
Last year North Kazakhstan region worked at 49 projects to be financed through public-private partnerships. As a result, 34 agreements were concluded at large. This year the region targets to realize 77 projects in six sectors. According to preliminary data, the projects will let attract about KZT 18 billion. Last year 34 PPP agreements were…
SCAT airline company is suspending flights to Mongolia amid coronavirus outbreak. “By decision of the National Emergency Management Agency of Mongolia, the country is suspending transport connections with other countries,” the company said. The company explained that the flights on the Nur-Sultan – Ulaanbaatar were suspended from March 11 till April 30. On March 10,…
15 million of housing or 150,000 dwellings will be built this year through all the sources of financing in Kazakhstan. 1.3 million of housing or 23,000 apartments will be built through public investments in 2020, the Industry and Infrastructure Development Ministry’s press service reports. The Nurly Zher housing and utility program has been realized in…
President Kassym-Jomart Tokayev has held an urgent meeting with the leadership of the Government and bodies accountable to the Head of State, during which the issues of the financial and economic situation in the world and its impact on the economy of Kazakhstan have been discussed. President Tokayev gave a number of specific instructions to…
Air Astana continues to modernize its fleet with the delivery of the second Airbus A321LR under an operating lease agreement covering five aircraft with Air Lease Corporation of the United States. Along with the first Airbus A321LR delivered in September 2019, the newest aircraft will primarily operate on routes to London, Paris, Moscow and Istanbul.…
In 2019, budget expenditures surged by 19.3% and made 13.5 trillion tenge. Budget spending comprised 11.3 trillion tenge, down by 9.1%. The biggest amount was spent on social assistance and social provision: 3.5 trillion tenge or 25.6% of the total sum of expenses. 2.3 trillion tenge and 1.3 trillion tenge were spent on education and…