Kazakhstan News

Kazakhstan News

World Bank forecast growth in Kazakhstan at 1.1% in 2016

The growth of Kazakhstan's GDP is forecast at 1.1% in 2016, according to the World Bank's Global Economic Prospects report for January 2016. January 8 2016, 16:45 3 110 views

Kazakhstan News

Kazakhstan's Real Estate Market Expecting Another Shock

On February 1, the real estate market of Kazakhstan will experience another shock caused by the increase in the difference between buying and selling rates of foreign currencies in the country. Local specialized publications report that exchange offices and commercial banks have obtained the right to introduce new buying and selling rates of currencies. For example, this difference will be 6 tenge for the dollar exchange rate and 7 tenge for the euro. For comparison, today these figures stand at 2 and 3 tenge respectively. January 8 2016, 10:52 2 540 views

Kazakhstan News

Kazakhstan to privatise dozens of large companies by 2020

Jan 6 Kazakhstan's government plans to sell stakes in 65 large companies, including state oil firm KazMunayGaz, flagship carrier Air Astana and Kazakhtelecom, within four years, the Economy Ministry said on Wednesday, reports Reuters.com. January 6 2016, 14:41 2 487 views

Kazakhstan News

Gennady Golovkin Captures Boxing.com Fighter of the Year Award

Born in Kazakhstan and fighting out of Los Angeles, unbeaten in 34 fights with 31 knockouts, middleweight sensation Gennady Golovkin is our Fighter of the Year for 2015 and by some distance, Boxing.com writes. January 6 2016, 10:07 3 120 views

Kazakhstan News

Nazarbayev: We began implementation of National Plan on January 1

On January 1, 2016, the first stage on implementation of the National Plan "100 specific steps on implementation of five institutional reforms" began in Kazakhstan, President N. Nazarbayev informed in his article "National Plan - Road to Kazakhstan's hope", KAZINFORM reports. January 6 2016, 10:05 3 062 views

Kazakhstan News

Bad weather shuts down roads across Kazakhstan

Nasty weather forced authorities in six regions of Kazakhstan to close roads, Kazinform has learnt from the Committee for emergencies of the Internal Affairs Ministry of the Republic of Kazakhstan. January 5 2016, 15:46 3 738 views

Kazakhstan News

​In West Kazakhstan businessman transfers multimillion business to employees

In the history of the Kazakhstan entrepreneurship there is an unprecedented case. The businessman from the West Kazakhstan Oblast Barlyk Mendygaziev, the owner of Karachaganak Support Service LLP whose assets cost tens of millions of dollars, yesterday, on December 29, publicly refused from his own business in favor of his employees. December 30 2015, 16:54 4 030 views

Kazakhstan News

​Asset Issekeshev named Investment Ombudsman of Kazakhstan

Prime Minister Karim Massimov has signed a resolution on appointment of Asset Issekeshev Investment Ombudsman of Kazakhstan. December 30 2015, 12:21 4 157 views

Kazakhstan News

2016 will celebrate 25th anniversary of Independence of Kazakhstan: Nazarbayev

President of Kazakhstan Nursultan Nazarbayev attended the New Year's Eve Ball held at the Duman Entertainment Center on December 29, the press service of Akorda said. December 30 2015, 11:32 8 366 views

Kazakhstan News

Blizzard in Astana: flights and train delayed, Christmas trees and cars damaged

Warm weather and rains have given way to winds and blizzards in Astana. December 30 2015, 05:28 3 380 views

Kazakhstan News

Agreement On Protection Of Labor Rights Signed In Kazakhstan

In Mangistau region of Kazakhstan, there was signed a memorandum on protection of labor rights of workers of oil and gas industry. The ceremony was participated by the regional leadership and several major companies operating in the province, as reported by the press service of the regional administration. December 30 2015, 00:00 2 473 views

Kazakhstan News

Parliament contributed greatly to transformation of Kazakhstan - N. Nazarbayev

The Parliament contributed greatly to the transformation of our state, the address of President N. Nazarbayev to Parliament deputies and employees of both Houses reads. December 29 2015, 17:07 3 265 views

Kazakhstan News

State budget of Kazakhstan disbursed by KZT 7 tln

State budget of Kazakhstan has been disbursed by more than 7 trillion tenge, Finance Minister Bakhyt Sultanov said. December 29 2015, 17:05 3 277 views

Kazakhstan News

WESTERN SANCTIONS HINDER WORK ON CASPIAN FIELD

Western sanctions have delayed work on the Tsentralnoye offshore field in the Caspian Sea, The Times of Asia reports the president of Russian oil company Lukoil, Vagit Alekperov, as saying. The field is jointly being developed by Russia's Lukoil and Gazprom and Kazakhstan's KazMunayGas. December 29 2015, 16:58 2 553 views

Kazakhstan News

Kazakhstani go-go dancers arrested in Thailand for absence of work permits

Police arrested 25 Russian and Kazakhstani go-go dancers in Pattaya City, seaside resort on the Eastern Gulf Coast of Thailand, early on Tuesday morning for not having work permits. December 29 2015, 11:03 2 855 views

Kazakhstan News

Ex-PM Akhmetov's lawyer says appealed court's decision

Defense lawyer of the former Prime Minister of Kazakhstan Serik Akhmetov, who was sentenced to 10 years in jail for corruption, has appealed the court's rule, lawyer Georgiy Matveenkov told Novosti-Kazakhstan. December 29 2015, 11:00 2 391 views

Kazakhstan News

Kerry thanked Kazakhstan and Russia for participating in shipping Iranian uranium

Kazakhstan and Russia have played an important role in the withdrawal of Iran's uranium to Russia, said US Secretary of State John Kerry. December 29 2015, 10:09 2 503 views

Kazakhstan News

Kazakhstan's Largest Oil Producer TengizChevroil's Expansion To Cost $30B

Kazakhstan's biggest oil producer Tengizchevroil (TCO) would need about $30 billion to complete a massive expansion project in Western Kazakhstan, Economy Minister Yerbolat Dosayev told the parliament Monday. The project is expected to start in the spring of next year, he added. December 28 2015, 16:12 3 055 views

Kazakhstan News

The LRT to carry more than 60 thousand passengers per day in Almaty

The LRT will carry more than 60 thousand passengers a day in Almaty. These data were presented in the framework of the signing of the agreement between the Centre of Almaty and consultants Consortium IDOM and Norton Rose to start preparing a concession for the construction of the line light rail (LRT) length of 22.9 km. December 28 2015, 09:58 7 705 views

Kazakhstan News

​Snowy weather predicted for Kazakhstan

Blowing snow, fog, ice slick and strong winds up to 23-28 mps are expected in Kazakhstan on 28 December. December 28 2015, 08:58 8 429 views

Kazakhstan News

New Business Tax Introduced In Kazakhstan

In 2016, Kazakhstan will enact a law, according to which manufacturers and importers of about 1,500 commodity groups will have to pay for garbage collection, transportation, processing and neutralization, as well as disposal of waste. December 28 2015, 02:04 2 717 views

Kazakhstan News

Nephew of Nazarbayev appointed First Deputy Chairman of the National Security Committee

Samat Abish was appointed First Deputy Chairman of the National Security Committee. The corresponding decree was signed by President of Kazakhstan. December 26 2015, 18:36 4 626 views

Kazakhstan News

​Vladimir Zhumakanov appointed the chairman of KNB

The president of Kazakhstan Nursultan Nazarbayev introduced the new chairman of National Security Committee - Vladimir Zhumakanov, Akorda's press service reported. December 26 2015, 18:56 3 511 views

Kazakhstan News

World Oil Price Of $40/bl Makes KazMunaiGas Brown-Fields Unprofitable

When the world price of oil fell below $40/bl, the brown-fields owned by KazMunayGas (KMG) ceased to pay off, as reported by Gleb Luxembourg, the KMG deputy chairman for prospective production development. “With oil prices reaching the mark of $40/bl, the brown-fields are no longer profitable. However, no one says that we will close them, because when the price of a barrel goes up to $50, these fields will already reach the level of profitability," he stressed. December 25 2015, 15:43 2 917 views

Kazakhstan News

Kazakhstan’s top-65 national companies and holdings to be privatized

Kazakh Government has compiled a list of the country's top-65 national companies and holdings (whose book value is not less than 5 bln tenge) subject to privatization. December 25 2015, 10:28 2 462 views