Economy News in Brief

Cooperation with more than 400 investors planning to finance several projects in Kazakhstan worth over $15.7 billion is being established presently in the country. The following projects are planned to be implemented in Kazakhstan: construction of Boehmer GmbH’s ball valve plant in Karaganda, construction of Linde AG’s air separation block in the oxygen section of one of the workshops of ArcelorMittal Temirtau and Groupe Danone’s dairy plant in the Almaty region.

On June 30, Kazakhstan’s President Nursultan Nazarbayev along with British Prime Minister David Cameron launched the Atyrau-based Bolashak oil treatment facility intended to handle oil coming from the giant Kashagan oil field. “This launch is ground-breaking for Kazakhstan… without it, Kashagan crude couldn’t reach the market. The giant oilfield is soon to start producing commercial oil… the time capsule for the oil treatment facility was laid eight years ago. The name Bolashak (“future” in Kazakh) is of special importance.” The president stressed that the oil treatment facility is one of the largest industrial facilities in Kazakhstan. It is capable of handling 450,000 barrels of oil and 8.8 billion cubic metres of gas a day. The facility is to employ over 2,500 people. U.K. Prime Minister David Cameron expressed confidence that Kazakhstan and the U.K. can actively develop trade and economic ties, securing a stable inflow of investment. “Renouncement of nuclear weapons, growing well-being of common people, economy diversification… these are actual achievements of Kazakhstan. We want to be partners, including outside the oil and gas sector; notably, in education, culture and other realms of strategic priority to Kazakhstan,” he said.

Kazakhstan’s Ministry of Transport and Communications and Microsoft International plan to create an open “mobile government” and implement e-learning and e-health care services based on cloud technologies and using global experience. A memorandum of understanding on cooperation in informational technologies was signed between the Ministry of Transport and Communications and Microsoft Kazakhstan on June 28. The document provides for cooperation in the application of information technologies in the public and educational sectors, as well as in healthcare and private business. The parties will also cooperate in establishing a centre for innovations and business incubation and improvement of Internet security. Microsoft will expand cooperation within the Partnership in Education programme, including professional development of teachers, making curricula and promoting innovative school programmes. The company will also provide IT-Academy software to help teach students studying informational technologies.

To increase the quality of passenger transportation services, Commutation Services JSC launched suburban luxury train No 6817/6818 touring between Astana and Borovoye resort on July 5. The train departs from Astana on Fridays, Saturdays and Sundays at 9:10 pm and arrives at Borovoye station at 1:05 am. The fare for the trip is 945 tenge (about six dollars). The cars are equipped with comfortable seats, folding tables and foot rests and each car has TV sets, a radio, an information desk, two compost toilets and air conditioners. On July 8, Commutation Services JSC launched renewed suburban luxury train No. 6820/6819 running between Astana and Pavlodar, in addition to the other weekday train that connects the cities. The train departs from Astana at 6:40 pm and arrives in Pavlodar at 1:08 am. The train stops at Ekibastuz and Ereimentau stations. The cars are equipped with comfortable seats, folding tables and foot rests and have TV sets, a radio, an information desk, two compost toilets and air conditioners. The fare for the trip is 1,822 tenge (about 12 dollars). For more information, visit www.temirzholy.kz.

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