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Economy

news Kyrgyzstan Kazakhstan Kazakh gas workers rally Kazakhmys
Kyrgyzstan owes Kazakhstan $31.2 million Kyrgyzstan owes Kazakhstan $31.2 million The actual debt for gas supplies makes up $7.5 million plus $12.5 million injected by the Kazakh side into the KyrKazGas JV.
08 May 2012
Working conditions at all Kazakhmys mines to be improved Working conditions at all Kazakhmys mines to be improved Kazakhmys Corporation has achieved an agreement with its striking mine workers.
08 May 2012
Kazakhstan mulling gas imports from Turkmenistan for the forthcoming heating season Kazakhstan mulling gas imports from Turkmenistan for the forthcoming heating season In the heating season of 2011-2012 Almaty and Zhambyk oblasts in the South of Kazakhstan experienced gas shortages due to disrupted gas supplies from Uzbekistan.
08 May 2012
Kazakhmys to raise wages by 20 percent Kazakhmys to raise wages by 20 percent Wages in Kazakhmys Corporation will be raised 20-30 percent in May.
08 May 2012
Kazakhstan Engineering secures contracts worth $1.8 billion Kazakhstan Engineering secures contracts worth $1.8 billion Respective MoUs were signed at the KADEX-2012 international weaponry exhibition in Astana.
07 May 2012
National Bank’s gold and FX reserves figure announced National Bank’s gold and FX reserves figure announced Since the start of the year the net gold and FX reserves have grown by 19.93%.
07 May 2012
Kazakhstan may consider a single state-owned pension fund under foreign management Kazakhstan may consider a single state-owned pension fund under foreign management According to an unidentified source, the suggestion of launching a single state-owned pension fund was put forward by the World Bank.
07 May 2012
Industrial action at Kazakhmys mines is over Industrial action at Kazakhmys mines is over In case production targets are met the miners will be paid a salary of $2700 and up: Chairman of the Board Eduard Ogai.
07 May 2012
KMG mulls relocation of two villages in Atyrau oblast for $36 million KMG mulls relocation of two villages in Atyrau oblast for $36 million KazMunaiGas EP is considering allocation of 5.4 billion tenge for relocation of the citizens of Baishonas and Yeskene in Atyrau oblast.
04 May 2012
TENGRI LIFE
TENGRI TRAVEL
Kazakhstan and South Korea sign an MoU to construct a Caspian shipyard Kazakhstan and South Korea sign an MoU to construct a Caspian shipyard The MoU was signed on the sidelines of the KADEX-2012 international weaponry exhibition in Astana by Kazakhstan Engineering and STX Offshore & Shipbuilding Co., Ltd.
04 May 2012
Kazakhstan’s PM pledges incentives for Hungarian investors Kazakhstan’s PM pledges incentives for Hungarian investors Kazakhstan and Hungary reached the peak in the trade relations in 2008 when the trade turnover exceeded $1.5 billion.
04 May 2012
Customs Union may launch a common currency in 10-12 years: Central Bank Governor Customs Union may launch a common currency in 10-12 years: Central Bank Governor According to him, it will take time for the Customs Union member states to work out common rules of the game.
04 May 2012
BTA Bank files debt restructuring plan to Almaty court BTA Bank files debt restructuring plan to Almaty court BTA Bank has presented a plan of debts restructuring to Almaty court.
03 May 2012
Kazakhstani-Japanese JV SARECO to produce rare and rare earth metals in H2 2012 Kazakhstani-Japanese JV SARECO to produce rare and rare earth metals in H2 2012 The shareholders are considering a feasibility study and are about to define parameters to expand the project: Vice Head of KazAtomProm.
03 May 2012
KazAtomProm hoping to export nuclear fuel components to Japan in 2013 KazAtomProm hoping to export nuclear fuel components to Japan in 2013 In January – March 2012 the Company produced a total of 2 600 tons of uranium, 4% up against the Q1 2011.
03 May 2012
Central Bank Governor Gregory Marchenko in favor of raising retirement age for women Central Bank Governor Gregory Marchenko in favor of raising retirement age for women In an interview for KazTag Agency early March Gregory Marchenko said that “raising the retirement age for women up to 63 y.o. is an issue of gender equality.
02 May 2012
Japan interested in rare earth projects with Kazakhstan: Japan’s Minister of Economy, Trade and Industry Japan interested in rare earth projects with Kazakhstan: Japan’s Minister of Economy, Trade and Industry According to him, Japan could be very helpful to ensure effective production [of rare earths] as we do possess high technology.
02 May 2012
Kazakhstan in talks with Russia on decreased gas supplies to launch a gas processing facility of its own Kazakhstan in talks with Russia on decreased gas supplies to launch a gas processing facility of its own Kazakhstan plans a gas processing facility of its own in the West of the country to process gas from Karachaganak oil and gas field.
02 May 2012
Kazakhstan and Japan considering protection of mutual investments Kazakhstan and Japan considering protection of mutual investments Minister of Industry and Trade Asset Issekeshev met Japan Minister of Economy, Trade and Industry Yukio Edano.
02 May 2012
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