Kazakhstan has seen a 7% growth of food staples prices since the beginning of this year, Minister of National Economy Timur Suleimenov said at the session of the government on July 11. “According to official statistics, food staples prices have increased by 7% since the beginning of 2017,” said Minister Suleimenov adding that inflation made…
Over the past 4 months, trade turnover between Kazakhstan and Malaysia increased by 30% YoY. “Kazakhstan sees Malaysia as an important strategic, trade and economic partner among the countries of South-East Asia. I would like to note the positive dynamics of the bilateral trade and economic cooperation development. Foreign trade turnover between Kazakhstan and Malaysia…
According to the Ag Ministry of Kazakhstan, the country exported 444.2 KMT of grain in May, up by 25.8% YoY. At the same time, flour exports totaled 153.9 KMT, down by 11.3% YoY (173.5 KMT). In 2017, Kazakh flour and grain exports lag behind last year. Kazakhstan shipped abroad 2114.6 KMT of grains for the…
According to the official statistics figures, in May Kazakhstan shipped 13.3 thousand tons of wheat to Turkey, which exceeded the volumes shipped in April by 93%. At the same time, the export volumes reduced by 14% YoY. In July-May 2016-2017 MY Kazakhstan supplied 45.6 thousand tons of wheat to the country, down by 39% YoY…
Delta Bank based in Almaty city has announced it is shutting down its branches in 7 cities. The bank de-registered its branches in the cities of Atyrau, Aktobe, Uralsk, Karagandy, Taraz, Pavlodar and Petropavlovsk. Delta Bank was founded on September 1, 1993 in Aktau on the initiative of major oil and gas companies of West…
Minister of Finance Bakhyt Sultanov has commented on the introduction of cryptocurrency in Kazakhstan. He made the comments at the reporting meeting with the public. Minister Sultanov noted that the issue of creation of the international cryptocurrency was a difficult one and required interaction between the financial systems of a number of countries. However, Sultanov…
Airline ticket prices may drop in Kazakhstan next year. Minister for Investment and Development Zhenis Kassymbek revealed at the briefing after the session of the Kazakh government that a drop in airline ticket prices might be expected next year. According to Minister Kassymbek, airfare will get cheaper but only if Kazakhstani air carriers have enough…