Articles by Yerbolat Uatkhanov

IAEA LEU Bank in Kazakhstan receives first shipment, becomes operational

NUR-SULTAN – The International Atomic Energy Agency (IAEA) Low-Enriched-Uranium (LEU) Fuel Bank in Kazakhstan received Oct. 17 its first shipment of low-enriched uranium. The LEU Bank is meant to be a supply source of last resort for IAEA member states who have had a disruption in their access to fuel. “With the arrival of the…

North Kazakhstan farmers harvest first major soybean crop 

NUR-SULTAN – Farmers in the North Kazakhstan Region have begun harvesting the first major soybean crop under Northern Soybean state programme. Kazakhstan currently imports soybeans from Russia, but thanks to the programme the country will be able to cover its needs in five years. Regional Akim (Governor) Kumar Aksakalov has repeatedly highlighted the benefits of…

AIFC marks World Investors Week with how-to forum on doing business with the centre 

NUR-SULTAN – The Astana International Financial Centre (AIFC) and Almaty Akimat (administration) hosted the Almaty Financial Forum as part of World Investors Week (WIW). The event contributed to increased public awareness about consumer protection in financial services, the basics of investing and conditions for doing business through AIFC. WIW, an annual campaign held under the…

Pavlodar musicologist owns world’s largest collection of gramophone records

NUR-SULTAN – Musicologist Naum Shafer, who is also a professor, literary critic, writer and composer, has assembled the world’s largest collection of gramophone records (not to be confused with vinyl ones) in Pavlodar. The collection consists of more than 14,000 discs, some of which are the only saved copy in the world. “Don’t divide music…

Rakhat expands its presence in international confectionery market

NUR-SULTAN – Rakhat Company has continued to maintain its leadership in the Kazakh confectionery market in the first half of the year, modernising internal policy and entering new markets. Export growth in 2019 has reached 9.9 percent. “The first half of the year was an active period of growth and transformation for Rakhat. Thanks to…

Japanese company to help protect Ural River bank in Atyrau Region

NUR-SULTAN – Japan-based Tokyo Rope International Inc. recently opened a representative office in Atyrau. The company will begin protecting the Ural River shore next year and also plans to construct a medical centre. At the opening ceremony, Tokyo Rope President Sato Kazunori emphasised the importance of cooperation between the Japanese investor and Kazakhstan. The company…

Kazakh capital to buy 100 electric buses 

NUR-SULTAN – The capital akimat (administration) will be purchasing 100 new electric buses from the joint venture between Chinese Yutong and Kostanai-based SaryarkaAvtoProm. The buses will save money due to low electricity consumption costs and reduced air pollution. “One hundred new electric buses will appear in our capital. This means that we will reduce the…

Astana exchange lists Russia’s most traded exchange-traded fund 

NUR-SULTAN – The Astana International Exchange (AIX) listed Russia’s oldest and most traded exchange-traded fund (ETF) Sept. 24 and two days later, Samruk Kazyna Sovereign Wealth Fund sold 9.86 million global depositary receipts (GDRs) through the London Stock Exchange (LSE) and the AIX. The fund, ITI Funds Russian Equity (RUSE), replicates the return of the…

Lukoil opens lubricant production plant in Almaty Region

NUR-SULTAN – Lukoil, the Russian multinational energy corporation, has invested more than $9 million to construct a lubricant production plant in the Almaty Region. The company plans to sell products not only in the Central Asian region, but also export to Afghanistan, China and Mongolia. “The largest Russian company Lukoil is not only an investor…

Karaganda Region launches third solar power plant 

NUR-SULTAN – The Karaganda Region recently launched a 50-megawatt solar power plant in the village of Agadyr, Shetsky District. The Karaganda Region has become a leader in introducing renewable energy sources and the 50-megawatt plant is the region’s third solar power plant.  “We have one goal. This is the instruction of Kazakhstan’s First President, Nursultan…