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Economy

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Finance Minister suggests a ban for national companies to borrow from external sources Finance Minister suggests a ban for national companies to borrow from external sources The Minister reminded that the ceiling for sovereign debt set within the Common Economic Space of Kazakhstan, Russia and Belarus stands at 60% of the GDP.
14 May 2012 12:57
National Oil Fund’s investment income standing at $5.3 billion since 2001 National Oil Fund’s investment income standing at $5.3 billion since 2001 According to the National Bank, the National Oil Fund’s assets as of the end of April 2012 reached $51 billion.
12 May 2012 16:46
Corruption claims will have no effect on Kashagan project: Kazakhstan Oil and Gas Ministry Corruption claims will have no effect on Kashagan project: Kazakhstan Oil and Gas Ministry Kazakhstan Oil and Gas Ministry considers foreign media's accusing of Eni company of bribery during signing of contracts on Kashagan oil and gas field an internal battle between participants of the project.
12 May 2012 16:39
Kazakhmys Chairman of the Board to transfer his powers to an independent director Kazakhmys Chairman of the Board to transfer his powers to an independent director Mr. Kim has been heading the Board since the Company floated its shares in London back in 2005.
12 May 2012 13:45
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 21:54
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 14:41
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 13:11
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 10:27
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 14:55
TENGRI LIFE
TENGRI TRAVEL
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 11:58
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 11:57
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 17:05
Road surveillance cameras generate good budget revenues in Kazakhstan Road surveillance cameras generate good budget revenues in Kazakhstan Video cameras installed at road posts in Kazakhstan are generating good revenues for the country.
04 May 2012 16:31
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 13:41
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 12:55
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 11:51
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 22:02
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 14:14
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 12:15
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