2,300 rail cars of a new modification are going to be released in Pavlodar region in 2018, governor Bulat Bakauov informed. “Last year due to support of the government Kazakhstan’s Wagon-Building Company, which had been idle for two years, resumed production. As a result we increased growth of machine engineering industry 1.2-fold. This year we…
The National Economy Ministry of the Republic of Kazakhstan has published data on the country’s total crop and adjusted plantings for the 2017 harvest. In addition, the release includes somewhat surprising figures for grain yields. The Statistics Committee of the Ministry expanded the barley acreage in Kazakhstan to a much greater degree than expected, while…
Kazakhstan will launch a direct flight from its Atyrau city to Frankfurt. “Kazakhstan will implement new international flights from its regions. A regular direct flight from Atyrau city to Frankfurt will be launched on March 26. The flights will be operated on an Airbus-321 aircraft. The flights schedule will include 2 flights a week on…
China’s Gezhouba Group Cement Co., Ltd. plans to commission a cement plant in Kazakhstan’s Kyzylorda region in December, said the company’s head, Lee Min, on the sidelines of a meeting with the region’s head, Krymbek Kusherbaev. The parties discussed the construction of the cement plant in Shieli, Kyzylorda region, by the Chinese company, as well…
AS Air Baltic Corporation will launch a new summer season route between Almaty and Riga on April 29, the airline’s press service reported. The new route will provide new convenient travel opportunities for passengers from the Baltic countries and Kazakhstan to the destinations of airBaltic’s route network that covers Europe, Scandinavia, Russia, and the Middle…
Decision of the specialized interdistrict economic court of Almaty to forcibly terminate the activities of Kazinvestbank JSC entered into force on January 24, the press service of the Kazakhstan Deposit Insurance Fund (KDIF) reported. All deposits of individuals in Kazinvestbank JSC were transferred to DB Alfa-Bank JSC. KDIF will attract an agent bank for payment…
Inflation in Kazakhstan in 2018 is projected in the corridor of 5-7%, said the chairman of the National Bank of Kazakhstan Daniyar Akishev during a press conference on January 25. He added that in 2017 annual inflation amounted to 7.1%, which corresponded to the initial target corridor (6-8% for 2017). “Slowing of the inflation took…