According to the Statistics Committee at the Ministry of National Economy, in the first month of the 2017-2018 MY the production of vegetable oils in the country totaled 25.6 thousand tons, down by 4% YoY, but up by 7% compared with the average monthly value for September during five recent seasons. Thus, in September the…
In August-September the National Bank of the Republic of Kazakhstan purchased $139.7 million on the market over the foreign exchange interventions, the financial regulator’s press service reported. “In August and September, the interventions amounted to $70 million and $69.7 million respectively,” Director of the Monetary Operations Department of the National Bank of Kazakhstan Aliya Moldabekova…
Starting from December 2020, foreign banks and insurance organizations will be allowed to open branches in Kazakhstan, the press service of the country’s National Bank reported. On October 18, the chairman of the National Bank of Kazakhstan, Daniyar Akishev, said that the country’s accession to the World Trade Organization opened new areas of activity for…
The Minister of National Economy of Kazakhstan, Timur Suleimenov, reported on October 17 on the economic situation in the country. “Since the start of the year, the economic activity has improved. The GDP growth for 9 months of this year has amounted to 4.3%,” he said, making a speech at the government meeting. According to…
In September the number of unemployed individuals in Kazakhstan was estimated to be 438,900 people, while the unemployment rate was 4.9% of the economically active population (4.9% in August), the Statistics Committee of the Kazakh National Economy Ministry reported. Official figures show that as of the end of September, 128,800 people, or 1.4% of the…
In January-September the grain terminal JSC Ak Biday Terminal, the subsidiary company of the National Company Food Contract Corporation JSC, shipped 269.1 thousand tons of grains through its grain terminal in the Aktau port, the press-service of the Corporation declared. In January-August JSC Ak Biday Terminal transshipped 193.7 thousand tons of grains. The grain terminal…
Roman Sklyar, the Kazakh Vice Minister of Investment and Development, has commented on the recent Antonov An-28 plane crash in Almaty region. According to Sklyar, the An-28 aircraft can be banned from flying in Kazakhstan. “We will wait for the results of the plane crash investigation, and, then, we will make the decision. It (the…