High-flying hopes of nonexistent planes in Kazakhstan The first aircraft plant in Kazakhstan has not produced a single flying plane. Why?
24 July 2014
Kazakhstan and Russia discuss extending sales contract for Karachaganak gas Since 2002 Gazprom of Russia and KazMunaiGas National Oil Company have been cooperating within a JV KazRosGas to sell gas from Karachaganak field, send it to Russia’s Orenburg-based gas treatment facility to be further sold to consumers both in Kazakhstan and Russia.
24 July 2014
Canadian aviation giant Bombardier to cut 1,800 jobs Canada's Bombardier will cut 1,800 jobs, the troubled aviation giant announced Wednesday in a major reorganization.
24 July 2014
Netherlands no longer biggest investor into Kazakh economy As of the end of 2013, according to the Kazakhstan’s Central Bank, the Netherlands was the largest investor, with the FDI standing at $728.1 million in the Q4 2013 alone.
23 July 2014
Central Bank Governor advises against borrowing According to him, Kazakhstan’s people have been excessively eager to take mortgages and consumer loans (…).However, in more developed nations up to 70% permanently live in rented housing.
23 July 2014
Kazakhstan-based car makers facing obstacles to car exports to Russia Not a single one out of the current 5 car making facilities has been able to export its cars, excepting minor one-time supplies.
23 July 2014
Kazakhstan’s Central Bank Governor on banks’ net worth and deposits restrictions He reminded the Central Bank had suggested gradually raising the mandatory net worth from the current $54.6 million to $546 million by 2019.
22 July 2014
Air Astana conducts first flight to Ukraine since MH17 crash Air Astana has made its first flight to Kiev since the crash of Malaysia Airlines Boeing 777 over Donetsk region in Ukraine.
22 July 2014
Central Bank Governor on prices for real estate at the threshold of EXPO-2017 According to the Central Bank Governor, about 15% of those taking mortgages are insolvent.
22 July 2014
Kazakhstan announces grain exports figure Kazakhstan’s 2013 grain harvest (net weight) made up 18.9 million tons. According to the Kazakh Agriculture Ministry, grain exports in the 2013-2014 marketing year were estimated at about 7 million tons.
22 July 2014
Russian steelmaker Severstal announces sale of US plants Russia's steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of $2.3 billion (1.7 billion euros).
22 July 2014
Kazakh company reinsured downed Malaysia Airlines Boeing for $3mln Payments of Kazakhstan-based Eurasia Insurance Company may exceed $3 million in claims over the shot down Malaysia Airlines MH17 flight.
21 July 2014
Kazakhstan ranks 79th in Global Innovation Index 2014 Kazakhstan has moved 5 lines up and is ranked 79th out of 143 countries in the Global Innovation Index.
21 July 2014
IMF chief says low inflation can hit European growth IMF chief Christine Lagarde warned that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.
19 July 2014
FedEx indicted for shipping illegal online pharmacy meds The US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies.
19 July 2014
Kazakh airlines to cease using Ukraine airspace Kazakhstani airlines were advised against flying over Ukraine.
19 July 2014
Air Astana changes routes to avoid crossing Ukrainian air space Kazakhstani airlines company Air Astana will change the routes of some of its flights away from Ukrainian airspace.
19 July 2014
S. Korea lifts rice import caps, but vows high tariffs South Korea announced it would scrap rice import caps from next year, but said high tariffs would be imposed to prevent a damaging surge that would hurt local farmers.
18 July 2014
Mobile phones are the future of Kazakhstan's payment system: Massimov Payment system in Kazakhstan may be rebased to mobile phones in future, according to Prime Minister of Kazakhstan Karim Massimov.
16 July 2014
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