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Q1 2011 KazMunaiGas Exploration Production net profit 14% up against 2010 The growth was mostly spurred by 33% oil sales price growth (from $64.64 to $86.61 per barrel).

10 May 2011

National Bank of Kazakhstan planning currency swap operations with China and Russia Both the yuan and the ruble are growing more demanded to service external trade: Gregory Marchenko, Head of Kazakhstan’s National Bank.

10 May 2011

ArcelorMittal and Indian Simplex to produce wagons in Kazakhstan ArcelorMittal Temirtau and Indian company Simplex Casting Ltd are launching a $35-million project to produce wagons in Kazakhstan.

10 May 2011

Ministry of Economic Development and Trade unveils a detailed plan to secure 7% GDP growth To secure GDP annual growth at 7%, capital investments for the period of 2011-2015 should grow by 58.5% against 2010: Kairat Kelimbetov, Minister Economic Development and Trade.

10 May 2011

Kazakhstan skaters won Dubai Golden Cup Kazakhstan figure skaters won the Golden Cup at a junior skating tournament in Dubai.

10 May 2011

Budget deficit to be cut down from 2.5% to 1.3% of GDP Ministry of Economic Development and Trade forecasts budget deficit will be cut down to 1.3% of the nation’s GDP by 2014.

10 May 2011

Kazakhstan developing Plan B in case of negative economic scenario Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions.

10 May 2011

Kazakhstan businessman shot in France Kazakhstan businessman was shot in Nice, France.

10 May 2011

Economy Minister regards year 2011 as “dangerous” in terms of inflation He reminded that in January – April consumer prices grew 4.2% as compared to December 2010.

10 May 2011

Wages of KazMunaiGas top managers unveiled Top managers of national oil and gas company KazMunaiGas have revealed their salaries and bonuses.

10 May 2011

GDP growth in January – April made up 6.9% Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions

10 May 2011

Adai horses to become a national brand Adai horses are given pedigree status after the tests held by a state commission.

09 May 2011

Minister of Education to deal with those behind late earthquake warning Kazakhstan Minister of Education and Science promised to deal with those responsible for late notification about the 5.4 quake in Almaty oblast on May 1.

09 May 2011

Multi-national Kazakhstan to be a role model for Israel police Former vice-mayor of Tel-Aviv Michael Roe gave a lecture on ethnic groups relationship in Kazakhstan to Tel-Aviv police officers .

09 May 2011

PHOTO: Freedom of speech without words show opened in Almaty Best caricaturists of CIS (Commonwealth of Independent States) presented their works at the show called Freedom of speech without words in Almaty.

08 May 2011

Karagandinskoe beer and Rakhat candies are top 50 brand leaders in Kazakhstan MPP Consulting Agency has been running a long-term project of domestic brands assessment since the beginning of 2010.

08 May 2011

PHOTO: School in Malovodnoye village damaged by 5.4 quake Ostrovskiy School in Malovodnoye village was damaged by the 5.4 earthquake that hit Almaty oblast on May 1.

08 May 2011

Disaster preparedness kits to be sold in Almaty Almaty entrepreneurs will start selling first aid backpacks which may save lives in case of a strong earthquake.

07 May 2011

Artillery salvo fireworks to be held in Astana and Almaty on May 7 and 9 25-artillery salvo fireworks will be held on May 7 and 9 in Astana and Almaty.

07 May 2011

Aktobe Central Stadium to have heated surface Field heating equipment is being installed at the Central Stadium in Aktobe and will be completed by the end of May.

07 May 2011

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