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Nuclear power plants to emerge in Kazakhstan within a decade All this will contribute to development of adjacent industries: Sergey Yashin, KazAtomProm Nuclear Company Vice Chairman of the Board.

05 October 2011

Alternative energy sources to produce 3% of consumed power by 2020 According to Minister of Industry and Trade, as of the end of 2010 Kazakhstan generated 82 billion kilowatt-hours. The figure is to reach 100 billion by 2015.

05 October 2011

Kazakhstan was late to start modernizing its oil refineries: Minister of Oil and Gas Sauat Mynbayev According to him, timely expansion of the capacities could neutralize price fluctuations and fuel shortages in the domestic market.

04 October 2011

Prospects of the 2nd stage of Kashagan development still uncertain: Minister of Oil and Gas According to the project’s operator, the oilfield’s reserves are estimated at 38 billion barrels, with 10 billion barrels being recoverable.

04 October 2011

Kazakhstan to develop nuclear industry: PM Karim Massimov October 4-5 Astana is hosting KAZENERGY Eurasian Forum, an influential dialogue platform uniting the entire energy industry and bringing together oil and gas companies.

04 October 2011

Kazakh-Russian project to construct the Baiterek space launch complex 1.5 years behind the schedule Initially the Baiterek (“poplar tree”) space launch complex was supposed to be constructed at Baikonur in 2013, following the testings of Angara booster rocket.

04 October 2011

Kazakhstan ready for a new wave of financial crisis However, should the crisis be lingering, we will have to review approaches to the budgeting process: Samruk – Kazyna Sovereign Wealth Fund Vice Chairman of the Board.

04 October 2011

Foreign Minister Erzhan Kazykhanov to pay a working visit to Tehran October 8-9 According to the Foreign Ministry, “the forthcoming visit may facilitate further development of bilateral political dialogue, expansion of trade and economic and humanitarian cooperation”.

03 October 2011

MyPaykz, a new mobile payments service, is launched in Kazakhstan According to its developers, the most obvious advantage of MyPaykz is that its users can be holders of bank cards issued by any bank.

03 October 2011

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Kazakhstan may offer special tax regime for foreign investors injecting $500 million Investors are to be exempted from corporate income tax, land and property tax: Minister of Industry and New Technologies Asset Issekeshev.

03 October 2011

FDI to slightly diminish in 2011 due to decreasing investments into Kashagan oilfield At the same time, according to him, “foreign investments into the processing sector are growing”.

03 October 2011

Supreme Mufti comments on religion law September 29 Kazakhstan’s Parliament adopted a new law on religion that among other things introduces ban on prayer rooms in public bodies, education and healthcare facilities, military units.

01 October 2011

Ozon.ru, Russia’s Amazon.com look-alike, to launch dispatch service in Kazakhstan in November The Company will launch delivery outlets in Astana and Almaty.

30 September 2011

Chairman of Kazakhstan’s Agency for Religion on wearing hijabs According to him, this issue should not be raised in the legislation.

29 September 2011

KazAtomProm and Toshiba Corporation of Japan launch a JV to produce rare metals and rare earths It is expected to start its operations as early as in November.

29 September 2011

Kazakhstan’s Senator suggests toughening migration policy with regards to China’s citizens According to him, China is targeting Kazakhstan as part of its demographic expansion campaign.

29 September 2011

Kyrgyzstan to supply 3.2 billion kilowatt-hours to Kazakhstan in 2012 It is the first time Kazakhstan has decided to purchase electric power rather than exchange it for coal for the Bishkek (Kyrgyzstan) thermal power plant: Kyrgyz Acting Prime Minister Omurbek Babanov.

29 September 2011

Uranium production output for the first 8 months announced Overall uranium production output in 2011 is expected at 19 800 tons.

28 September 2011

Kazakhstan’s airlines to launch new flights to major destinations: Transport Minister The Ministry is working to accommodate international flights of foreign airlines.

28 September 2011