Over a trillion tenge to be invested in electric power industry in Kazakhstan by 2015
New power generation capacities are expected at 3.7 thousand megawatt.
Central Bank Governor reports to Nursultan Nazarbayev on the currency market
Since the beginning of the 2011 the National Bank has purchased 6 billion dollars; KZT strengthened 1.25% against USD.
Oil production in Kazakhstan grew 4% in 2 months
In January-February 2011 Kazakhstan produced 4.1% more crude that during the similar period of 2010. Oil production target for 2011 is set at 81 million tons.
KazAtomProm to increase wages 10-20%
Average wages of KazAtomProm employees made 148 thousand tenge ($1000) in 2010. Not everyone will get a pay rise in 2011.
KazAtomProm to launch solar battery production in Astana
KazAtomProm will establish a solar battery production in Astana with a metallurgic unit in Ust-Kamenogorsk.
Kazakhstan GDP growth expected at 6.5%
Troika Dialog Kazakhstan Investment Company expects consumer spending to grow at least by 10%
Kazakh-language media share at 5.9%
Out of 2700 periodicals issued in Kazakhstan, Kazakh-language periodicals only make up 453.
Tenge strengthened 0.6% in February
The tenge strengthened 0.6% in February, with the exchange rate at the Stock exchange standing at KZT 146.02 per USD 1.
Kazakhstan Central Bank sets key rate at 7.5%
Given the trends and the inflation rate, the Board decided to set the key rate at 7.5% from March 9, 2011.
Almaty citizens spend $2.5 billion a year on food
Citizens of Almaty spend 2.5 billion a year on food. Almaty oblast delivers food products worth $900 million a year and the remaining $1.6 billion worth of food is brought from elsewhere.
Most expensive bread is found in Aktau
Wheat bread made of first grade flour costs 107 tenge ($0.7) per kilo, the Statistics Agency of Kazakhstan reports.
Kazakh uranium to be supplied to Japan via Russian sea ports
The first trial supply of 15 tons is scheduled for the autumn 2011. This new route is expected to cut down the shipping time by a month, ensuring greater safety.
KMG EP’s profit grew 12% in 2010
In 2010KMG EP’s profit after tax grew 12% making $1.591 million while average Brent price increased 28%.
EBRD's Board of Governors annual meeting to take place in Astana
PM Karim Massimov and Olivier Decamps discussed preparation works for the 20th annual meeting of the EBRD's Board of Governors which will take place in Astana.
Customs Union sets zero tax on grain imports
The Custom Union’s commission decided to zero import tax on wheat, rye and oats.
Confidence in collection agencies growing
According to the Kazakhstan’s Financial Supervision Agency, the market of corporate debt in Kazakhstan is worth $4 billion.
Kazakhstan banks to issue e-money
Kazakhstan banks will shortly be able to issue e-money. Respective legislation has been passed by the Lower Chamber today.
Kazkhstan returns to managed float
That was announced by the Bank’s Vice Chairman Daniyar Akishev at the National business forum-2011 in Astana.
Banks to resume lending to the real sector
The Government believes banks will shortly resume lending to the real sector.