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Prime Minister Karim Massimov meets President Lee Myung-bak of South Korea President Lee Myung-bak arrived in Kazakhstan on an official visit August 24.

25 August 2011

Kazakhstan and South Korea plan to bring up the trade turnover up to $900 million According to President Nazarbayev, the overall investment of South Korea to Kazakhstan stands at $3.8 billion.

25 August 2011

Embassy of Libya in Kazakhstan raised opposition flag Diplomatic mission “is officially under flagship of the National Transition Council formed by Libyan opposition.”

25 August 2011

Kazakhstan and South Korea sign agreement on construction and maintenance of Balkhash thermal power plant The first two power generating units of the thermal power station are to be commissioned in 2013, with the other two units being placed into operation in 2016.

25 August 2011

Wu Bangguo, Chairman of the Standing Committee of the National People's Congress of China, to come to Kazakhstan Majilis (lower Chamber) Head of Staff Yergen Doshayev discussed preparations for the visit with Ambassador Extraordinary and Plenipotentiary of China to Kazakhstan Zhou Li.

25 August 2011

Mountain slopes left absolutely treeless by the storms of May 17 and June 27 pose serious threat to Almaty: Mayor According to him, the clean-up teams working to remove the fallen trees lack tractors and sawmills.

25 August 2011

President Lee Myung-bak of South Korea arrives in Astana Tomorrow South Korea’s President is expected to have talks with President Nazarbayev.

24 August 2011

Without coordination of prices with Russia Kazakhstan won’t tackle fuel shortages: Helios According to the Company’s Marketing Director, the only economic solution could be more favorable conditions for import of fuel as the domestic production capacities cannot meet the demand for high-octane fuel.

24 August 2011

Financial Ombudsman Service to emerge in Kazakhstan shortly The Service will facilitate a professional talk between a bank and its borrower towards settling disputes, lowering pressure on courts: Halyk Bank Chairperson of the Board Umyt Shayakhmetova.

23 August 2011

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Kazakhstan to run a large-scaled campaign to raise financial awareness of population at large According to the PM, the People’s IPO Program should reach out to as many common people as possible.

23 August 2011

Under the People’s IPO Program shares of national companies will be offered at market value We’ve chosen the best timing: the companies are not overvalued at the present time: Minister of Economic Development and Trade

23 August 2011

Ministry of Industry and Trade refutes that negotiations are under way with South Korea on constructing a nuclear power station August 22 a number of Kazakhstan’s media quoted KazTag Agency’s report that allegedly Kazakhstan is negotiating with KEPCO on uranium production and construction of a nuclear power plant.

23 August 2011

KazMunayGas announces H1 2011 results The Company accounts for 65% of overall oil transportation, 100% of gas transportation, 50% of tanker transportation in Kazakhstan. 100 per cent of the Company’s shares belong to the National Sovereign Wealth Fund Samruk-Kazyna.

23 August 2011

No petrol price hikes in September: Ministry of Oil and Gas August 19 Tengrinews.kz quoted KazTag Agency’s report that Kazakhstan’s Government planned to raise retail price ceiling for fuel by 12-14% starting from September 1.

22 August 2011

President Lee Myung-bak of South Korea to arrive in Kazakhstan August 24 Astana, Kazakhstan’s capital city, is also to host a Kazakh-Korean business forum.

22 August 2011

Government to come up with a new nation-wide action plan to attract investments According to Minister of Industry and Trade, every ambassador, every minister, every head of a national company, every regional governor will have a certain target to hit in terms of investments attracted.

22 August 2011

6-kilo carp was caught in Astana An Astana resident has caught a 6-kilo fish at the Grebnoy Canal in the centre of the city.

22 August 2011

Grain exports potential stands at over 10 million tons According to Agriculture Minister, the government plans to subsidize grain supplies towards Black and Baltic sea ports “to balance the market”.

22 August 2011

Kazakhstan and South Korea negotiating on construction of a nuclear power plant According to an unnamed source, within the two nearest weeks a large-scaled Korean delegation is come to Kazakhstan to set forth a detailed proposal.

22 August 2011