Russian Helicopters Holding will supply four Mi-35M attack helicopters to Kazakh Defense Ministry in 2018, the holding reported. The supply contract was signed within the implementation of the Treaty on military-technical cooperation between Russia and Kazakhstan and envisages payments in Russian rubles. The multirole Mi-35M helicopter is a comprehensive modernization of the Mi-24V and has…
In China Kazakh agricultural products are in great favor, and in short supply, the Chinese Ambassador to Kazakhstan Zhang Hanhui declared. China is interested in the imports of organic agricultural products from Kazakhstan. Kazakhstan foodstuffs – wheat, flour, honey, vegetable oils, meat, etc. – have a very good reputation and in great demand in China,…
The World Bank (WB) has increased its forecast for Kazakhstan’s GDP growth for 2017. According to the WB January 2017 Global Economic Prospects report, real GDP growth in Kazakhstan will amount to 2.2% in 2017. The WB also forecasts Kazakhstan’s GDP growth to recover to 3.7% in 2018 and to 4% in 2019. The forecast…
Inflation rate in Kazakhstan hit 8.5% in January-December 2016, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 9.7%, non-food items’ prices have gone up by 9.5%, and paid services’ prices have increased by 6.1% since early 2016. In December 2016 the inflation rate was 0.9%. Food prices…
Wheat exports from Kazakhstan continued growing in November 2016. Kazakh wheat exports totaled 415.3 KMT in the third month of the season, up by 25% YoY. In Q1 2016/2017 (September-November) Kazakhstan exported 33.5% more wheat than at the same time last season: 1223.2 KMT and 915.9 KMT respectively. The most active exports of Kazakh wheat…
Kazakhstan ratified double taxation convention with Slovenia on December 30, 2016. President Nursultan Nazarbayev has signed the RoK Law “On ratification of the Convention between the Government of the Republic of Kazakhstan and Government of the Republic of Slovenia for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on…
According to Kazakh statistics committee, stocks of grains and legumes in all the enterprises as of December 1, 2016 were 16.64 MMT against 15.87 MMT on the same date in 2015 (+4.8%). Wheat stocks increased by 1.4%, to 13.37 MMT, which included 11.15 MMT of milling wheat and 898.8 KMT of feed wheat, as well…