Russian banks share in Kazakhstan’s banking sector is decreasing, Kazakh Finprom.kz analytical center said in a message. The share of Russian banks in the deposit portfolio of Kazakh banking sector decreased from 10.8% to 8.1% in November 2015 – November 2016, in loan portfolio – from 9.6% to 8.1%. This reduction mainly resulted from the…
In the current season of 2016/2017 Kazakh exporters continued building up wheat bran shipments to foreign markets. Kazakhstan exported 60.6 KMT of wheat bran in the first three months of the season (September-November 2016), up by 66% YoY (36.5 KMT). Uzbekistan remains the key importer of Kazakh wheat bran – the country absorbed over 78%…
Kazakhstan plans to commission 602 kilometers of highways after reconstruction in 2017, Kazakh KazAutoZhol national company reported. As much as 164 kilometers of roads will be commissioned after total overhaul. In total, repair works will be carried out at 1,676 kilometers of roads in Kazakhstan in 2017. In 2016 over 900 kilometers of roads of…
After completion of the construction project of Kazakhstan’s first integrated Gas Chemical Complex the raw material will be supplied from Tengiz field. Each year the Gas Chemical Complex will receive 7 billion cubic meters of dry gas, 550 thousand tons of propane and 380 thousand tons of butane. According to the RoK Energy Ministry, the…
Kazakhstan produced nearly 74.63 tons of unprocessed, semi-processed and powder gold in January-December 2016, up by 17.3% YoY, the Kazakh Statistics Committee said. According to the committee, the fine gold production increased by 21.6%, to 37.74 tons. The committee said the production of unprocessed, semi-processed and powder silver dropped by 9.8% YoY, to 1,180 tons.…
Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $11.95 billion in January-November 2016, down by 21.1% YoY, Kazakh Statistics Committee said. Kazakhstan’s exports to fellow EAEU countries decreased by 26.8% to $3.48 billion in this period, while imports were down by 18.5% hitting $8.47 billion, said the committee. A lion’s share –…
A new railway station will be commissioned in Kazakhstan’s city of in Astana in May, Kazakh prime-minister’s website reported. Construction work at the new railway station and railway junction in Astana have been completed by 80% as of today, Kazakhstan Temir Zholy’s (Kazakh railways) said. The capacity of the railway station is envisaged at 35,000…