Kazakhstan News

Kazakhstan News

Kazakh central bank governor shares de-dollarization plans

Governor of the National Bank of Kazakhstan Daniyar Akishev has commented on the regulator's plans to de-dollarize the Kazakh economy, Tengrinews reports citing the Kazakhstani TV channel KTK. January 21 2016, 16:57 2 240 просмотрs

Kazakhstan News

Early election in Kazakhstan to ensure budget savings

Early parliamentary election in Kazakhstan will make it possible to save budgetary funds, according to the message of the Central Election Commission of Kazakhstan Jan. 21, Trend.az reports. January 21 2016, 16:55 2 072 просмотрs

Kazakhstan News

Campaigners Urge Legal Reform To Protect Free Speech

Human rights campaigners in Kazakhstan are calling for the abolition of two pieces of legislation frequently used against critics of President Nursultan Nazarbayev, Eurasianet.org reports. January 20 2016, 15:59 1 873 просмотрs

Kazakhstan News

Kazakh Banks Face Double Bind on Deposit Rule as Tenge Falls

Kazakhstan's Kaspi Bank, which counts Goldman Sachs Group Inc. among its shareholders, may be too popular with savers for its own good, Bloomberg.com reports. January 20 2016, 15:56 3 493 просмотрs

Kazakhstan News

Kazakhstan on the verge of dissolving Parliament

Kazakhstan expects dissolution of the Majilis, the lower chamber of the Parliament of Kazakhstan, almost a year before the end of their term, Tengrinews reports. January 20 2016, 15:54 2 061 просмотрs

Kazakhstan News

New Auction On Subsoil Use In Kazakhstan

In June 2016, Kazakhstan will witness another auction for the right of subsoil use at 100 sites located in the territory of the republic. Deputy Minister for Investment and Development of the country Albert Rau announced the news during the press conference in January. January 20 2016, 15:22 1 862 просмотрs

Kazakhstan News

Kazakhstan Launches Production Of Chinese Cars

Plans are afoot in Kazakhstan to put into operation a facility for manufacture of JAC vehicles (a Chinese brand) on the basis of the car assembly plant in the city of Kostanai. Deputy Minister of Investment and Development of the Republic, Albert Rau said at the press conference in January. January 20 2016, 15:24 2 086 просмотрs

Kazakhstan News

Kazakhstan to open direct flight to Iran

Kazakhstan plans to open direct flights to Iran in June of 2016, said the message of the Ministry of Investments and Development of Kazakhstan. January 19 2016, 12:54 1 857 просмотрs

Kazakhstan News

March 1 will be Day of gratitude in Kazakhstan

On this day, Kazakhstan People's Assembly was established. January 18 2016, 10:21 2 599 просмотрs

Kazakhstan News

Kazakhstan official claims Trans-Caspian route is not aimed at bypassing Russia

Development of a new route to deliver goods from China to Europe via Kazakhstan, Azerbaijan, Georgia and Ukraine (the Trans-Caspian international transport route) is not aimed at bypassing Russia, First Deputy Prime Minister Bakytzhan Sagintayev said on Friday, reports TASS. January 18 2016, 02:12 1 990 просмотрs

Kazakhstan News

Goldman Sachs predicts oil production decline in Kazakhstan

US Goldman Sachs analysts predict a decrease in oil production up to 1.605 million barrels per day (bpd) in Kazakhstan in 2016 and 2017, the bank's report obtained by Trend said. January 18 2016, 01:58 2 376 просмотрs

Kazakhstan News

Financial Times wants Berik Otemurat to find a job abroad

Financial Times warns about the future of Berik Otemurat, ex-chief executive of National Investment Corporation (NIC) of National Bank of Kazakhstan, whowas fired for raising the right question for the country and tend to help to find a job abroad offering his CV. January 18 2016, 00:57 4 098 просмотрs

Kazakhstan News

Kazakhstan plans oil development in Caspian Sea

Kazakhstan starts to develop oil and gas fields in the Caspian Sea in this year. The Energy Ministry of Kazakhstan Vladimir Shkolnik told that they need analytical research to the development of Kalamkas-Sea oil field which located in the Caspian Sea. January 17 2016, 00:53 3 140 просмотрs

Kazakhstan News

​13 mln tons of oil to be extracted at Kashagan after 2017

The Kashagan oil field to be launched in Kazakhstan this year, Minister of Energy of Kazakhstan Vladimir Shkolnik told at the CCS press conference. January 15 2016, 17:13 1 987 просмотрs

Kazakhstan News

Kazakhstan will mine less oil in 2016

Kazakhstan mined 79,4 million tons of oil in 2015, at the plan of oil production for 79 million tons. Slightly our oil industry companies tried to be ahead of schedule. For 2016, we plan to take into account the exhaustion of fields and mine 77 million tons, Minister of Energy Vladimir Shkolnik told in the briefing held in Central Communications. January 15 2016, 16:15 2 054 просмотрs

Kazakhstan News

Ukraine To Ship Goods To Kazakhstan, Bypassing Russia

Ukraine says it will for the first time ship goods to Kazakhstan along a route bypassing Russia, due to the Kremlin's trade embargo on Kyiv. January 15 2016, 16:00 2 026 просмотрs

Kazakhstan News

Kazakh Company Showcases ‘World’s Most Expensive Chocolates’

They're described as “the most expensive chocolates in the world" – and with a price tag of $14,000 for a collection of six, that title may be entirely justified. January 14 2016, 18:14 1 894 просмотрs

Kazakhstan News

Deputy Speaker of Senate of Kazakhstan elected

Sergey Gromov has been elected today at the plenary session of the Senate of the Kazakh Parliament as the Deputy Chairman of the upper parliamentary house. January 14 2016, 18:09 1 829 просмотрs

Kazakhstan News

Kazakhstan Wealth Fund manager fired

The chief executive of Kazakhstan's National Investment Corp., which was set up to help manage the country's $64 billion oil fund, has been fired. January 14 2016, 16:39 1 835 просмотрs

Kazakhstan News

Kazakhstan Facing An Outflow Of Foreign Investments

In the third quarter of 2015, Kazakhstan recorded an outflow of foreign investments from a number of fields of economic activities. As announced by the National Bank of the Republic on January 11, the sector of oil and gas faced an outflow of net foreign investments in the amount of $118.8 million. January 14 2016, 16:21 1 701 просмотрs

Kazakhstan News

Kazakhstan To Receive $88 Million For Stimulating Productive Innovation

During the recent Astana-based expanded meeting of the Committee on Science and Socio-Cultural Development under the Senate of Kazakhstan, the deputies considered and approved for further consideration a new draft law “On ratification of the Agreement on the loan for stimulating productive innovation concluded between Kazakhstan and the International Bank for Reconstruction and Development." January 14 2016, 13:09 1 728 просмотрs

Kazakhstan News

Kazakh company buys Russian operators

The Kazakh broadcaster Alma-TV is understood has acquired a number of operators based in Moscow region. January 13 2016, 19:15 1 888 просмотрs

Kazakhstan News

Lower house of Kazakh Parliament votes for early Parliament elections

Members of the Mazhilis (lower house) of the Parliament of Kazakhstan have unanimously approved an appeal to President of Kazakhstan Nursultan Nazarbayev on holding of early parliamentary elections during their plenary session on Wednesday. January 13 2016, 10:33 2 645 просмотрs

Kazakhstan News

Kazakhstan president says any trade discrimination towards Ukraine unacceptable

President of Ukraine Petro Poroshenko on Tuesday held a telephone talk with Kazakhstan President Nursultan Nazarbayev, a press service of Ukrainian president reported. January 13 2016, 04:29 1 865 просмотрs

Kazakhstan News

Kazakhstan May Anchor Export Trading Fees To World Oil Prices

According to many experts, the fall in world oil prices will continue in the short term. Worth recalling, last week the price of Brent crude oil fell to $32 per barrel, which is the lowest figure in the last 15 years. Many experts believe that soon the price will drop to the level of $30 per barrel, which will become a new important psychological threshold. January 13 2016, 04:13 1 794 просмотрs