The Presidents of Kazakhstan and Uzbekistan called the year of 2018 the year of breakthrough in development of the commercial and economic cooperation between the countries. Thus, the countries demonstrated a significant increase in trade turnover – from $3 billion in 2018 to the expected level of $5 billion in the current year, reported the…
Kazakhstan has prohibited import of poultry goods from Ukraine’s Vinnytsia region due to the bird flu outbreak, the Ministry of Agriculture has reported. The temporary measures were introduced based on the official notification of the World Organisation for Animal Health on the outbreak of the highly pathogenic bird flu virus on the territory of Vinnytsia…
Plan of Development Bank of Kazakhstan (DBK) for project’s support in 2019 was 446.5 billion tenge ($1.1 million), DBK Deputy Chairman of the Management Board Duman Aubakirov announced. Aubakirov noted that in accordance to DBK’s development strategy, the bank was planning to allocate approximately 4.4 trillion tenge ($11.5 billion) for development of processing industry and…
As of January 31, the country’s external reserves hit $29.3 billion, up by 1.2% or by KZT 352 million MoM, the National Bank’s press service reported. However, assets in freely convertible currency decreased by KZT 415 million, to KZT 9.67 billion. Gold assets increased by KZT 768 million, to KZT 19.64 billion due to a…
At a Governmental session on February 11, Minister of National Economy Ruslan Dalenov informed the attendees about the objectives set to the Cabinet in 2020. According to him, the Government had determined target indicators, which should be achieved in 2020. The first target is to increase GDP to 4.7-5%, to raise the volume of fixed…
Being one of the key stakeholders in support of renewable energy (RES) projects, the Development Bank of Kazakhstan (DBK) seeks to expand the portfolio of RES projects and is ready to co-finance the creation of green capacity of Kazakhstan’s electricity industry, a representative of DBK has reported. According to the official, Kazakhstan’s potential for wind…
Head of State Kassym-Jomart Tokayev has met with the Prime Minister Askar Mamin. The meeting debated the current state of the country’s economy and prospects for its development in the context of the external environment at the world markets amid the coronavirus spread. The President charged the Government to take prompt actions to ensure sustainable…