South Kazakhstan region entrepreneur launches commercial nut garden operation
ASTANA – South Kazakhstan region resident Tanabai Shyntasov plans to create a commercial nut garden. The entrepreneur has already planted seedlings of fruit trees and grapes in the Saryagash district. Today, the garden area is more than 90 hectares. Practically the whole territory is equipped with a drip irrigation system. About 50 people work there…
New international tourism route through Kazakhstan to launch in April
ASTANA – A new international tourism route passing through Kazakhstan will be launched in April, Marat Igaliyev, head of the Tourism Industry Department of the Kazakh Ministry of Investment and Development announced recently. According to the head of the department, he discussed this project with a colleague from Kyrgyzstan as part of the seventh meeting…
Government allocates $3.2 billion to boost banking sector
Kazakh President Nursultan Nazarbayev recently signed a decree, effective immediately, allocating 1.1 trillion tenge (US$3.2 billion) to improve the nation’s banking sector. The document was published on the portal of the information and legal system of normative legal acts Adilet. Earlier, Deputy Chairman of the National Bank of Kazakhstan Oleg Smolyakov said the government will…
Authorities consider building pipeline to fully supply Astana with natural gas by 2021
ASTANA – KazTransGas and government officials are reviewing a feasibility study to build a pipeline that would fully supply natural gas to Astana residents by 2021. Within a month, they will be able to calculate the efficiency of the new gas pipeline, gas tariffs for Astana residents and compare the costs with coal prices, said…
S&P reaffirms RBK Bank’s rating
ASTANA – The Standard & Poor’s recently affirmed RBK Bank’s long-term and short-term counterparty credit ratings at the B-/C level, a press release of Bank RBK reported. “Maintaining the rating at the same level under turbulent conditions in Kazakhstan’s banking market indicates a stable and high level of bank management and credibility to the strategy…
Kazakhstan prepares to export domestic gas to China in 2017
The Kazakh Ministry of Energy plans to start exporting domestic gas to China this year. At present, 18,000 kilometres of main and 30,000 kilometres of distribution gas pipelines have been built, which to date have transported 173 billion cubic metres of transit gas, including 35 billion cubic metres last year, and additional capacities of the…
Medical implants to be produced with support from East Kazakhstan region
ASTANA – Businesses supported by funding from the East Kazakhstan region are set to launch production of medical implants developed by local scientists, 24.kz reports. “The region’s administration has provided businesses the opportunity to take advantage of local scientists’ development and offer state support. Scientists applied for funding to the Ministry of Education and Science…
Prime Minister addresses concerns about EXPO 2017 costs
ASTANA – Prime Minister Bakytzhan Sagintayev recently responded to concerns over the high cost of hosting EXPO 2017. “We will host the expo for three months. I understand that a lot of skeptics speak out about why we have spent so much money. Thirteen billion tenge (US$ 40.5 million) was allocated for the Universiade. Taking…
EXPO 2017 construction site impresses US experts
ASTANA – A U.S. State Department official praised the progress of EXPO 2017 preparations after a recent visit to the expo site, according to the Astana EXPO 2017 national company. “We looked at the international exhibition pavilions and I saw a huge amount of work carried out by the organisers. I am very impressed. At…
15 countries to present cuisines at EXPO 2017
ASTANA – Fifteen countries are getting ready to present their national cuisine at EXPO 2017 with more than 10,000 square metres of the exhibition area to be allotted for commercial catering facilities. Daulet Yerkimbayev, director of the Astana EXPO 2017 commercialisation department announced interim results on competition among catering renters, according to the company’s press…
Accounts committee not content with People’s IPO programme implementation
ASTANA – The Accounts Committee for control over execution of the national budget audited the Samruk Kazyna Sovereign Wealth Fund and identified a number of violations related to the budget programme’s target indicators. The findings were reported by accounts committee member Aigul Mukhametkarim at a meeting in Astana early in February. The so-called People’s Initial…
Shymkent Named Safest City in Kazakhstan
Shymkent was recently named the country’s safest city with the lowest crime rate, according to the official statistics. Compared to other major cities, the second most populous city in Kazakhstan had the lowest rate of violent crimes, such as homicide and rape last year. The majority of criminal offences, about 60 percent, were theft. The…
Emperor Qin Shi Huang’s Terracotta Army to Be Exhibited at EXPO 2017
ASTANA – The exhibition “Cultural monuments of terracotta army of Emperor Qin Shi Huang” will be held at the National Museum of Kazakhstan July 5-8, according to the press service of EXPO 2017. The terracotta army exhibition will be held within EXPO 2017 International specialised exhibition. The terracotta statues were buried with the first emperor…
Honey Production to Gain Momentum in Eastern Kazakhstan, Say Experts
Experts are forecasting a honey production boom in eastern Kazakhstan in the next two-three years amid increased exports to China. The history of beekeeping in the area dates back more than two centuries. The first 200 beehives were brought from Russia’s Orenburg oblast in 1792 and a century later, the vicinity had 150,000 hives spread…
Kazakhstan Takes Delivery of Sukhoi Su-30SM Jet Fighters
The Kazakh Armed Forces recently took delivery of a new batch of modern multifunctional Su-30SM jet fighters of the 4++ generation, the press office of the Defence Ministry reported. The fighter jets are capable of performing a wide range of all-weather combat missions and counter hostile aircraft at a considerable distance from the base. The…
Tengribank Strengthens Position on Kazakh Market
The international rating agency S&P Global Ratings confirmed Dec. 22, 2016 the long-term credit rating of TengriBank at B+, which reflects the bank’s stable financial status, provided also due to high quality of the loan portfolio and high level of the capital adequacy. Enjoying the unconditional support of Punjab National Bank, the assets of TengriBank as…
National Emergency Response System Begins Operation
EVAK, the Kazakh national emergency call system in case of accidents and catastrophes, began operation Jan. 1. The developers of the device, from the Institute for Space Applications and Technologies, reduced the time on alert rescue services for accidents to 20 seconds. In late December, First Vice Minister for Investment and Development Albert Rau…
Aktobe Residents Gave Away Nearly 450 Cars
ASTANA – A pilot project on utilising old cars or those unfit for use was successfully realised in several of the country’s regions. Aktobe residents gave away 448 cars, receiving 150,000 tenge (about US$451.90) for each vehicle. “A person who has an old or perhaps unusable vehicle should come to a registration and examination subdivision…
Ten Kazakh Students to Visit Japan under Science Youth Exchange Programme
ASTANA – Ten Kazakh school students were invited to participate in the Japan-Asia Youth Exchange Programme in Science (SAKURA Exchange Programme in Science) Jan. 22-28 in Tokyo. The Kazakh school students are winners of various international competitions. The SAKURA Exchange Programme in Science is an international academic project implemented and supported by the Japanese Ministry…
Kazakh Farmers Collect Nearly 24 Million Tonnes of Grain
ASTANA – The gross grain harvest in Kazakhstan this year was 23.7 million tonnes, almost 4 million tonnes more than last year’s yield. Kazakh farmers have also harvested 3.6 million tonnes of vegetables and 2.2 million tonnes of melons, exceeding last year’s produce yield by 511,000 tonnes. First Vice Minister of Agriculture Kairat Aituganov reported…
FDI in Kazakhstan Grows 4.7 Percent in 2016
ASTANA – Foreign direct investment in the country increased 4.7 percent to 6 trillion tenge (US$18.12 billion) in the first 11 months of 2016, according to Kazakh Minister of National Economy Kuandyk Bishimbayev. “Realisation of industrial-innovative and infrastructural projects within the state programme Nurly Zhol and the anti-crisis programmes contributed to the growth. Since the…
Kazakh Programmers Develop Game to Test Users’ Knowledge of Countries
Kazakh programmers recently created an intellectual quiz mobile application “Smart Country.” The application is for all ages and offers the opportunity to play against people from all over the world: the opponent is determined randomly. The idea is to demonstrate your knowledge of an opponent’s country better than he knows yours. According to Talgat Taiymov,…
Kazakhstan’s Economy Adapts to New Exchange Rates, National Bank Says
Kazakhstan’s economy has adapted to new exchange rate conditions, said National Bank Chairperson Daniyar Akishev Dec. 20 at a governmental meeting. The annual inflation rate fell to a single-digit value. Akishev cited data on inflation, according to which by the end of November, inflation was at 1.2 percent and, since the beginning of the year,…
Kazakh Flag Raised on Antarctica’s Highest Peak on Independence Day
ASTANA – Kazakh alpinists raised Kazakhstan’s state flag at the peak of Antarctica on the country’s Dec. 16 Independence Day, according to the Kazakh Geographic Society. “A special gift was made to all Kazakh people for Dec. 16. The state flag was set at the highest point of Antarctica – Mount Vinson (4,892 metres) for…
Central Asia’s Largest Bridge Crossing Unveiled in Pavlodar
ASTANA – Central Asia’s largest bridge crossing held its official opening Dec. 14 in Pavlodar to mark the 25th anniversary of Kazakhstan’s Independence, KazAvtoZhol press service reported. “Today we are witnessing a historic day. We are opening this important facility. I congratulate all residents on this significant event,” Pavlodar Region Akim (Governor) Bolat Bakauov told…
