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Economy

Russia National Book Chamber Market Kazakhstan Kazakh books Mining mine fire
Gazprom and KazMunaiGaz to develop Imashevskoye trans-border condensed gas field 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 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 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 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 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 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 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
Pan-European telecom operator Tele2 enteres Kazakhstan 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 April 2011
76% say investments into Kazakhstan sucessful: Ernst & Young 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
TENGRI LIFE
TENGRI TRAVEL
Mussabayev talked about Russia's benefits from Baikonur 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 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 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 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 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 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 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 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
Financial Supervision and RFCA Commissions created in National Bank 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 April 2011
Kazakhstan’s aggregate gold and currency reserves exceed $ 70 billion 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 April 2011
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