Tengrinews.kz - the main news portal of Kazakhstan

Gold and currency reserves 17% up since start of year Kazakhstan’s gold and currency reserves, including those of the National Bank and the National Fund, make up $ 69 billion as of the end of March.

06 апреля 2011

World Bank announces grant competition World Bank Country Office has announced launch of a grant competition under the Civil Society Social Development Program worth $ 45,000 for nonprofit, nongovernmental, nonacademic organizations of Kazakhstan.

06 апреля 2011

Kashagan oilfield might face another 3-year delay Kazakhstan is planning to delay the works on the main phase of Kashagan development for three more years.

06 апреля 2011

Government to sell its stakes in Kazakh banks Samruk Kazyna Sovereign Fund is expected to sell its stakes in BTA, Temir Bank and Alliance Bank before 2014. According to the Fund’s Chairman Kairat Kelimbetov, the banks’ value is set to grow.

06 апреля 2011

KazMunaiGaz to develop O&G machinery building The program seeks to launch production of 35 types of equipment locally: the company’s statement.

05 апреля 2011

Kazakhstan has no plans to extend ban on exports of fuels and lubricants We will no longer be able to ban exports, as the Customs Union has its own rules to follow: Lyazzat Kiinov, Vice Minister of Oil and Gas.

05 апреля 2011

Kazakhstan to designate exclusive gas exporter Plans are there to export Kazakhstan’s gas exclusively through a national operator’s pipelines: Lyazzat Kiinov, Vice Minister of Oil and Gas.

05 апреля 2011

KEGOC National Power Grid Operator’s budget 6% up We plan to invest $117 million this year. We have entered the 2nd stage of modernization works on the national electric power grid: KEGOC Chairman.

04 апреля 2011

Kazakhstan needs nuclear power plant of its own This will entail emergence of vertically-integrated companies that are likely to use domestic commodities, spurring economy growth.

04 апреля 2011

KazKommertsBank ready to buy back 21.2% of its common stock A final decision will be taken by the parties of this agreement – major shareholders of the Bank and Samruk-Kazyna Sovereign Wealth Fund.

01 апреля 2011

KazakhTelecom to double Internet speed KazkhTelecom will double Internet access speed up to 10Mbit/sec starting from April 1.

01 апреля 2011

Kazakhstan citizens saved 2.3 trillion tenge for retirement FSA report: Kazakhstan citizens ve saved 2.3 trillion tenge ($15.8 billion) for retirement.

31 марта 2011

No reason for the tenge’s steep appreciation In 2011 the tenge has strengthened against the US Dollar 1.1%.

31 марта 2011

China ranked 1st by numbers of labour migrants in Kazakhstan Turkey follows China in terms of labour migrants headcount in Kazakhstan. In 2011 Kazakhstan can accept another 40 thousand foreign specialists.

31 марта 2011

Halyk Bank to buy back its stock Kazakhstan Halyk Bank will buy back 213 million of its common shares from Samruk-Kazyna National Welfare Fund.

31 марта 2011

Almaty looking forward to new gas-filling stations KazTransGas and British Gas have successfully launched the first gas-filling station in Almaty. More are coming.

31 марта 2011

Kazakhstan and Norway to agree on Abai Caspian oil block The next step would be negotiations with Kazakhstan’s Ministry of Oil and Gas to obtain rights to develop Abai Caspian oil block.

30 марта 2011

KazAtomProm and AtomRedMetZoloto sign MoU to produce rare earth metals Rosatom's Director General Sergey Kirienko: Kazakhstan and Russia jointly have all the conditions in place to hold a strong position in the rare earth metals market.

30 марта 2011

KazakhOil Aktobe to launch $ 300 million gas plant in November The project worth $ 300 million is a major part of the region’s industrialization program.

30 марта 2011

KazAtomProm to buy stake in RosAtom’s subsidiary

30 марта 2011

Economy