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Karaganda and Donbass miners allied against Mittal Trade unions of miners working in ArcelorMittal transnational corporation in Kazakhstan and Ukraine have signed a cooperation agreement.

02 May 2011

25 percent raise of fuel prices expected in Kazakhstan Prices of oil products may increase 25 percent. Oil and Gas Minister Sauat Mynbayev held a meeting dedicated to this issue.

30 April 2011

Gazprom and KazMunaiGaz to develop Imashevskoye trans-border condensed gas field Respective agreement was signed at a working meeting of Aleksei Miller, Head of Gazprom, and Kairgeldy Kabyldin, Head of KazMunaiGaz.

28 April 2011

80 percent of books are imported to Kazakhstan from Russia Kazakhstan National Book Chamber said 40% of the books in Kazakhstan are sold in Almaty. Kazakh book market is estimated at $60 million.

28 April 2011

Presence of foreign banks does not pose systematic risks in middle term The architecture of the Kazakhstan’s banking sector will not be changed with foreign players entering the market: Grigory Marchenko, Head of the National Bank.

28 April 2011

Fire in ArcelorMittal mine; 319 people evacuated There was a fire in Kostenko mine owned by ArcelorMittal Temirtau. 319 people had to be evacuated.

27 April 2011

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

27 April 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 April 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 April 2011

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Financial Monitoring Agency seized counterfeit dollars and euros in Kazakhstan

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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 April 2011

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

24 April 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 April 2011

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

20 April 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 April 2011

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

20 April 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 April 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 April 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 April 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 April 2011