News about Central Asia

Shymkent Oil Refinery to receive additional $400 million for modernization Additional money will be allocated to modernize the Shymkent Oil Refinery on southern Kazakhstan. This will help increase the production capacity of the refinery and make it more environmentally friendly.
08 November 2014 15:21
Dropping oil prices cast a shadow of unprofitability over Kashagan The falling oil prices put the entire Kashagan project in question. Kashagan is a huge oil field located in Kazakhstan's sector of the Caspian Sea.
07 November 2014 17:40
Oil production may steadily decline in Kazakhstan over the next decade: KazMunaiGas Vice Chairman KazMunaiGas Vice Chairman Tiyesov has spoken in the Mazhilis informing the deputies that Kazakhstan will face a decline in oil production should no new fields be discovered in the upcoming decade.
07 November 2014 17:28
Communists in Kazakhstan slam decision to abandon construction of oil refinery The People's Communist Party has tagged the decision to abandon construction of the 4th oil refinery in Kazakhstan ill judged and said problems had to be solved by the government not shifted to the shoulders of the citizens.
07 November 2014 17:18
Democracy cannot be imposed: Kazakh Senate Speaker Tokayev Senate Speaker Kassym-Jomart Tokayev has expressed his view that democratization is a dynamic process, and therefore democracy cannot be artificially accelerated or imposed.
07 November 2014 16:46
Promising Kazakh startups to be presented in Singapore Five Kazakh startups have been chosen to participate in an ICT startup accelerator program in Singapore.
05 November 2014 10:16
Progress seen in Kazakhstan-EU extradition settlements: Deputy Prosecutor General of Kazakhstan First Deputy Prosecutor General of Kazakhstan Iogan Merkel has declared that Kazakhstan was moving forward in the realm of extradition to and from Europe.
05 November 2014 09:54
Kazakhstan introduces arrest for misdemeanors with no detention homes in place Kazakhstan has changed its legislature to huminize the justice system by differentiating between crimincal misdemeanor and criminal offence. The first is supposed to be punished by arrest but there are no detention homes in Kazakhstan. Even more, the courts will gain the right to order arrest for misdemeanors only starting January 1, 2017. That is, two years from now.
05 November 2014 09:15
Kazakhstan's Zhambyl Oblast to double agricultural production by 2020 Zhambyl Oblast in southern Kazakhstan plans a massive increase in its agricultural production, the Governor of the Oblast said.
04 November 2014 21:16
Kashechkin needs €15 million for second Kazakh cycling team Andrey Kashechkin wants to create one more cycling team to race for Kazakhstan. He needs sponsors though.
04 November 2014 21:02
Tire processing plant opens in Uralsk A plant processing discarded tires has opened in Kazakhstan's Uralsk.
01 November 2014 14:30
Sliding Ruble hurts Kazakhstan's exports to Russia The continuing fall of the ruble exchange rate against dollar is taking its toll on the exports Kazakhstan is supplying to Russia.
31 October 2014 19:35
Kazakhstan welcomes elections in Ukraine The Ministry of Foreign Affairs of Kazakhstan has declared that Kazakhstan respects the choice of the people of Ukraine.
31 October 2014 19:27
Deloitte, PwC, KPMG have captured Kazakh market: MP Kazakh MP Vladislav Kosarev has declared that something needs to be done about the foreign audit companies that have captured the Kazakh market.
31 October 2014 17:26
OECD recommends confiscation for all corruption offences in Kazakhstan The OECD has issued several new recommendations to Kazakhstan in its fight against corruption.
31 October 2014 17:16
Government debt in Kazakhstan exceeds pre-devaluation mark Latest data provided by Kazakhstan Stock Exchange suggests that the government debt in Kazakhstan now exceeds its pre-devaluation level.
31 October 2014 13:55
Minister of National Economy says $2.3bln budget deficit awaits Kazakhstan The Minister of National Economy of Kazakhstan Yerbolat Dosayev spoke about the changes to the national budget due to reduced economic growth and negative external factors.
31 October 2014 12:41
Governor of National Bank of Kazakhstan sees no reasons to worry about dynamics on international markets Governor of the National Bank of Kazakhstan has declared there was no reason to be worried about falling oil prices and West-Russia sanctions reciprocation.
31 October 2014 00:35
Kazakhstan National Bank official explains Single Pension Fund losses Advisor to the governor of the National Bank of Kazakhstan talks about pension fund losses as of September and the benefits of National Bank managing the Single Pension Fund.
30 October 2014 13:15
Kazakhstan to keep methadone therapy for now The government of Kazakhstan has announced it would continue the controversial methadone therapy until 2015.
29 October 2014 18:02
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