Kazakhstan was among the top 10 improvers in this year’s World Bank Doing Business report, released Oct. 25. Kazakhstan climbed 16 positions since 2015, reaching 35th place in the ranking of the ease of doing business among 190 countries.
Rounding out the 10 most-improved economies were Brunei Darussalam, Kenya, Belarus, Indonesia, Serbia, Georgia, Pakistan, the [...]
A seamless steel tubes production plant has launched in Aktau. Its management plans to sell products to subsoil users in Kazakhstan, according to the website of Kazakh Prime Minister Bakytzhan Sagintayev.
The company was established on the initiative of the Ministry of Energy of Kazakhstan, which supports Kazakh oilfield and gas companies. The project aims [...]
An official delegation of the U.S. headed by Under Secretary of State for Political Affairs Thomas Shannon has visited today the office of Astana EXPO 2017 NC in Astana.
The American diplomats surveyed the EXPO pavilions and then met with CEO of the company Akhmetzhan Yessimov.
“I arrived in Astana yesterday evening. This is my [...]
Within nine months Kazakhmys Corporation LLP has produced 163,8 thousand tons of copper in cathodic equivalent, the company press service told Kazinform.
“This figure has exceeded the same period of 2015 by 3,4 thousand tons (+2%). The average content of copper in ore equaled 0,95% which is above 9% planned”, – the message says.
The processing industry is now giving a new stimulus for the country’s economic growth. During the first half of 2016 the revenues of processing enterprises equaled more than KZT 4 trillion which is 60% more than during the same period last year finprom.kz informs.
Revenue growth in the production sector is much stronger this year [...]
Chairman of the Astana International Financial Centre (AIFC) Kairat Kelimbetov and President and Chief Operating Officer of Nasdaq Adena Friedman recently met and signed a memorandum of understanding concerning a new exchange in Astana.
Both sides expressed a desire to cooperate in the development of the AIFC. Signing the agreement is considered to be the [...]
BAIKONUR, Kazakhstan – A Soyuz rocket carrying two Russians and an American has blasted off for the International Space Station.
The crew of Roscosmos Sergey Ryzhikov and Andrey Borisenko and NASA astronaut Shane Kimbrough lifted off as scheduled from the Russian-operated Baikonur launch facility in the steppes of Kazakhstan at 2:05 p.m. local time (0805 [...]
The volume of loans to agricultural sector in Kazakhstan has doubled in the last two years. The share of loans to agriculture among all the loans to economy increased from less than 5 percent to 9 percent, Energyprom.kz analytical service reported.
The loan portfolio of the agricultural sector increased by 67 percent to 734 billion [...]
The construction of the low-enriched uranium storage at the Ulba Metallurgical Plant will be finished in May 2017. Representative of the JSC Ulba Metallurgical Plan Alexander Khodanov said it today during discussion of the bill “On ratification of the Agreement between the Government of the Republic of Kazakhstan and the International Atomic Energy Agency” at [...]
Oct 14 The first batches of oil from the giant Kashagan oil field in Kazakhstan were shipped for export on Friday via two pipelines, Kazakhstan’s Energy Ministry said.
Energy majors developing the field have shipped 7,700 tonnes of oil through the private CPC pipeline and 18,800 tonnes through a pipeline operated by state-controlled firm KazTransOil, [...]
Minister of Energy of Kazakhstan Kanat Bozumbayev says that currently, four wells are producing 90 thousand barrels of crude oil per day at the huge Kashagan oil field in the Kazakh sector of the Caspian Sea, the official website of the Prime Minister of Kazakhstan reports.
Bozumbayev said that KazTransOil’s tanks have already begun [...]
Proposals to introduce 234 amendments to the law “On amendments and additions to some legislative acts of Kazakhstan on issues of taxation and customs administration” include 207 amendments on tax administration and 27 on fiscal policy, said Minister of National Economy Kuandyk Bishimbayev at the recent governmental meeting.
The changes aim to create a favourable [...]
Kazakhstan surpassed the U.S. in a new report of the best and worst countries in which to be a girl compiled by Save the Children, an international non-governmental organization that promotes children’s rights in developing countries.
Out of 144 countries mentioned in the report, Kazakhstan is ranked 30th, two spots higher that [...]
Foreign trips of Head of State Nursultan Nazarbayev in 2015-2016 resulted in signing of 170 bilateral documents worth 13,4 trillion tenge.
Vice Speaker of the Majilis of the Kazakh Parliament Vladimir Bozhko revealed the news at the government’s hour with the participation of Foreign Affairs Minister Erlan Idrissov on Monday.
“Over 170 bilateral documents worth [...]
Kazakh Foreign Minister Erlan Idrissov attended multiple conferences in Brussels Oct. 4-5 with European Union and international officials, according to the Ministry of Foreign Affairs of Kazakhstan.
Idrissov and Foreign Minister of Slovakia Miroslav Lajčák chaired the Oct. 4 15th meeting of the Cooperation Council between Kazakhstan and the EU. Slovakia holds the rotating presidency [...]
Foreign ministers of the five Central Asian countries and the EU discussed the state and prospects of cooperation with a focus on various aspects of economic development. The ministerial meeting “Central Asia-European Union” was held Oct. 4 in Brussels.
Foreign ministers of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan took part in the meeting, trend.az reports.
Being the first country with an “Open Government” initiative in the Central Asian region, today Kazakhstan is placed 28th among 193 countries in the 2016 UN e-Gov development rating.
Open data and E-government are having a significant economic impact in countries worldwide, and Kazakhstan is no exception. The “Information Kazakhstan – 2020” state program was approved in [...]
Kazakhstan President Nursultan Nazarbayev visited agricultural and industrial complexes, launched the Bozshakol mining and processing plant and met with local farmers during a Sept. 29 visit to the Pavlodar region.
Also, Nazarbayev launched the Bozshakol mining and processing plant in the Pavlodar region. The capacity of the enterprise is 30 million tonnes of mined ore [...]
President of Kazakhstan Nursultan Nazarbayev held a meeting with CEO of JSC “National Company “Astana EXPO 2017″ Akhmetzhan Yessimov on Friday, the president’s press service reports.
Mr. Yessimov briefed the Head of State on the preparations for the International specialized exhibition EXPO 2017 set to be held in the Kazakh capital Astana next year.
Kazakhstan has been ranked 52nd among 159 countries in the Economic Freedom of the World report published Sept. 15 by Fraser Institute. The report is based on 2014 data.
“The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. The [...]