High-flying hopes of nonexistent planes in Kazakhstan
The first aircraft plant in Kazakhstan has not produced a single flying plane. Why?
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.
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.
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.
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.
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.
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.
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.
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.