13 dedicated lanes will be made in the capital as per June 3, the city government press-service reports. 11 bus lanes have already been added to the streets of Astana. Altogether, there will be 24 bus lanes, the total length of which is 79 km. The city authorities note that new bus lanes will make…
Kazakhstan plans to supply lentils, peas, barley and feed corn to the market of the United Arab Emirates, the Deputy Chairman of the Board of the National Chamber of Entrepreneurs of the Republic of Kazakhstan “Atameken” Nurzhan Altaev declared. To date, the parties are discussing the terms of supply of Kazakh products, he said. Altaev…
JSC RBK Bank announced the intention to merge with JSC Qazaq Banki. “Shareholders of JSC Bank RBK and JSC Qazaq Banki are negotiating the merger of the two institutions. In the near future the banks are expected to sign a memorandum of understanding, which will become the starting point for the merger,” the KASE report…
In January-April “Seaport” customs point has transferred KZT 2.323 billion to the national budget as payments and taxes. In fact, treasury reimbursement is one of the main functions of the customs service. In this respect, “Seaport” as the customs point of Mangystau Region Department of State Revenues has outstripped the target. “Customs payments and tax…
According to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 10.33 MMT of cereals and pulses as of April 1, up by 16.5% YoY (8.86 MMT). Wheat inventories are up by 12.8%, at 8.65 MMT, including 6.75 MMT of milling wheat, 0.47 MMT of feed wheat and 1.43 MMT of…
According to forecasts of the US Department of Agriculture, in the new season the harvest volumes of wheat in Kazakhstan will decrease by 13% YoY, to 13 million tons. Domestic consumption of wheat will keep at the current season level – 6.9 million tons. A decline in wheat usage for seeds will compensate for growing…
Bolat Zhamishev, Chairman of the Board of the Development Bank of Kazakhstan (DBK), has given his outlook on possible devaluation of the Kazakh national currency. “Generally speaking, we do not see any expectations or drastic changes of exchange rate dynamics. The national currency is now strengthening. It is not improbable it will stream back and…