Kazakhstan Garysh Sapary National Company announced it had invited investors for the construction of the 2nd stage of the National Space Center. The guests and citizens of the Kazakh capital walking or driving along the Turan Avenue towards the Astana Airport or back could have already noticed an unusual orange-blue building of the National Space…
In 2016 Kazakhstan will increase the volume of investments to the agro-industrial complex by 56%, the Minister of National Economy of the Republic of Kazakhstan Kuandyk Bishimbayev declared. The volume of agricultural production increased by 4.9%, including plant-growing products – by 12%, livestock products – by 2.3%. Stable results in the agricultural industry were caused…
Gross inflows of foreign direct investment grew in Kazakhstan in the first half of 2016, Kazakh Investment and Development Ministry reported. Direct investment hit $9.3 billion in this period, up by 25.8% YoY, Investment and Development Minister Zhenis Kasymbek said at the government meeting. According to the minister, as much as 60% of these investments…
Kazakh and South Korean presidents Nursultan Nazarbayev and Park Geun-hye discussed the expansion of cooperation in the energy sector and the possibility of implementing joint projects in oil and gas processing. The discussions took place in an expanded format meeting in Seoul on November 10, Kazakh presidential press service said. The parties also discussed the…
Kazakhstan and South Korea signed 23 documents worth $640.2 million during a bilateral business forum held in Seoul. The forum, attended by 350 businessmen from the companies of both countries, was held on November 10 during the visit of Kazakh President Nursultan Nazarbayev to South Korea. The agreements were signed in the spheres of healthcare,…
Kazakhstan is expected to be the second largest source of non-OPEC supply growth after Brazil in 2017, OPEC said in its monthly oil market report published on November 11. Kazakhstan’s oil production forecast was revised up by 10,000 barrels per day (bpd) compared to the previous report published in October. According to the new report,…
Russian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016. The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio…