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Kazakhstan GDP grew 6.5% in Q1 2011 Ministry of Economic Development announced the Q1 2011 economic results. Customs Union yielded noticeable results.

27 апреля 2011

Q1 2011 budget surplus standing at $ 2 billion: Troika Dialogue We expect a budget surplus of 5% of the national GDP: experts with Troika Dialogue Investment Company.

25 апреля 2011

Banks assets stand at $84.6 billion as of April 1 Total deposits grew 3.9% in March, making up $49.5 billion, with 67.8% being deposits of legal entities.

25 апреля 2011

Pan-European telecom operator Tele2 enteres Kazakhstan On Sunday, April 24, Pan-European telecom operator Tele2 started providing telecom services in Kazakhstan under its own brandname.

25 апреля 2011

76% say investments into Kazakhstan sucessful: Ernst & Young According to Ernst & Young, one of the Big Four auditors, 81% of the investors believe their investments to Kazkahstan were a right decision. 76% of them consider the investments to be successful.

25 апреля 2011

Almaty Akim instructed to simplify tax reporting for business 43 thousand of individual entrepreneurs of Almaty are awaiting simplification of tax reporting.

24 апреля 2011

Mussabayev talked about Russia's benefits from Baikonur Talgat Mussabayev from Kazakh National Space Agency spoke about Russia's profit from Baikonur. Kazakhstan needs ways to continue the cosmodromes operations in case Russia moves away to its own space centers.

23 апреля 2011

Temirtau company fined for environamental damage According to Temirtau Prosecutor's office, Bassel Group LLS was fined $30 thousand for ecological damage.

20 апреля 2011

Massimov warns of oil price downturn Kazakhstan Prime-Minister Karim Massimov warned his ministers of a high probability of the global oil price downturn.

20 апреля 2011

Yandex to invest in start-ups Yandex.Fabrika started investing into commercial start-ups. The company is looking for partners and talents.

20 апреля 2011

Kazakh company to pay $5 million to Kyrgyzstan Summer Gold will pay $5.1 million to Kyrgyzstan for delays in construction of a gold plant. Kyrgyz government intentionally hindered construction, the company says.

20 апреля 2011

34 markets to be demolished in Almaty 34 Almaty markets in Almaty are going to be demolished. The remaining 40 will be reconstructed. The effort is expected to take 6-7 years.

20 апреля 2011

Ex-chairman of abrogated agency got a job in Samruk Kazyna Former chairman of the abrogated Financial Supervision Agency Yelena Bakhmutova will work in Samruk Kazyna Sovereign Wealth Fund.

19 апреля 2011

Concerted currency policy for the Customs Union: Marchenko Customs Union member states – Kazakhstan, Russia, Belarus – should pursue a concerted currency policy in order to prevent exchange rates steep fluctuations of the countries’ currencies: Gregory Marchenko, Chairman of the National Bank.

19 апреля 2011

Financial Supervision and RFCA Commissions created in National Bank Commissions for the Regional Financial Center of Almaty (RFCA) and Financial Supervision are created in Kazakhstan National Bank.

19 апреля 2011

Kazakhstan’s aggregate gold and currency reserves exceed $ 70 billion Earlier, the National Bank informed that the gold and currency reserves of the National Bank grew 25% for January – March, reaching $ 34.6 billion.

19 апреля 2011

Americans to produce agruciltural equipment in Kazakhstan AGCO and KazArgoFinance discuss deliveries of agricultural machines and establishment of assembly facilities in Kazakhstan.

19 апреля 2011

Kazakhstan lost leadership in flour export For the first time in the last four years Kazakhstan has lost the world leadership in flour export. This year Kazakhstan ranks fourth.

16 апреля 2011

Chevron Chief Executive Officer John Watson meets President Nazarbayev Company plans to invest into construction of a wind farm, contributing to development of renewable sources of energy in Kazakhstan: John Watson.

14 апреля 2011

Jan-Feb Kazakhstan’s crude oil exports 9.3% up Oil is supplied to Italy (26.1% of the exports), the Netherlands (12.9%), China (12.3%), and Austria (7.5%): State Agency for Statistics.

13 апреля 2011

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