2012 marked by multiple events in Kazakhstan

09.01.2013

2012 for Kazakhstan was marked by further steady positive tendencies of development and get off the ground to new long term perspectives in the context of the "Strategy Kazakhstan-2050." 4780 

Kazakhstan develops large-panel construction

15.08.2012

Implementation of the Affordable Housing - 2020 Program is aimed to develop the housing stock of the country and give a new impetus to development of the construction industry. The technologies of frame and large-panel housing construction are planned to и applied within the Program, according to Pm.kz. 20528 

Astana Economic Forum becomes major event for economic science - academician Alshanov

25.05.2012

V Astana Economic Forum has become a major event, since every year it is attended by more and more respected scientists from all over the world, President of Kazakhstan Higher Educational Institutions Association Rakhman Alshanov said in an interview with Kazinform. 2583 

Ernst & Young in Kazakhstan: 20 years of commitment

17.05.2012

In May 2012, Ernst & Young will celebrate the 20th anniversary of its operations in the Republic of Kazakhstan. In 1992 Ernst & Young was the first assurance and advisory firm to start working in the country. 2521 

Belarus, Kazakhstan underuse economic cooperation potential

14.05.2012

Belarus and Kazakhstan underuse their potential in economic cooperation, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Ergali Bulegenov told in an interview to the Belarus-1 TV Channel. 2315 

Kazakh-Kyrgyz sales turnover likely to reach USD 1 bln: N. Nazarbayev

11.05.2012

The Head of State Nursultan Nazarbayev met with President of Kyrgyzstan Almazbek Atambayev who is paying an official visit to Astana today, presidential press service reports. 2726 

World Bank Group continues strong partnership with Kazakhstan

03.05.2012

The World Bank's Board of Executive Directors on May 1 discussed and welcomed a new World Bank Group Country Partnership Strategy (CPS) with Kazakhstan for 2012-2017. 3579 

Kazakhstan becoming top player of Central Asian tourism industry

26.04.2012

The Kazakhstan tourism industry expects fast movement in the region by announcing the development of one of the world's longest ski reports in a country that currently ranks at 93 out of 139 in the World Tourism Ranking for 2011. 3197 

Nazarbayev: Single Economic Space of Kazakhstan, Russia, Belarus is an equal union

26.04.2012

Establishment of Single Economic Space of Kazakhstan, Belarus and Russia should be conducted without haste for all to see that this is an equal union, President Nursultan Nazarbayev said in his interview to "Russia 24" TV channel. 3100 

Rapid economic growth in Kazakhstan, Indonesia create favorable conditions for boosting trade-economic coop

13.04.2012

Rapid economic growth in Kazakhstan and Indonesia create favorable conditions for boosting trade and economic cooperation. Kazakh President Nursultan Nazarbayev stated after his meeting with President of Indonesia Susilo Bambang Yudhoyono in the Independence Palace "Istana Merdeka", Jakarta. 3217 

Customs Committee plans to ease import-export operations at the border

11.04.2012

Prime Minister of Kazakhstan Karim Massimov held on April 9 a regular session of the Government to discuss issues of improving the customs administration of goods and the preparation process for the spring sowing campaign in the country. 2571 

Kazakhstan almost certain to emerge as one of vital avenues for private US business engagement on the New Silk Road, US undersecretary of State Hormats

30.03.2012

Kazakhstan's growing commercial potential and its central role as a transit hub for EU-China trade would make it an important partner for U.S. companies in developing the New Silk Road vision which seeks to connect countries in the South and Central Asian region to each other through greater economic growth and trade, according to Robert Hormats, U.S. Under Secretary of State for economic growth, energy and the environment. 2920 

Leaders of S. Korea, Kazakhstan pledge closer economic cooperation

26.03.2012

President Lee Myung-bak and Kazakh President Nursultan Nazarbayev agreed Monday to continue to cooperate closely to ensure various economic projects between the two countries go ahead smoothly, the presidential office said. 2338 

LG Chem reaffirms Kazakhstan partnership

26.03.2012

LG Chem reaffirmed its partnership with the Kazakhstan government involving its ongoing projects in the Central Asia nation, holding a joint event in Seoul on the sidelines of the Nuclear Security Summit on Sunday. 1909 

National budget refinement discussed at session of Nur Otan’s parliamentary faction

29.02.2012

‘Nur Otan’ National Democratic Party’s parliamentary faction held an enlarged session in the Central Office of the Party today. The session was focused on the issues of amendments to the national budget for 2012-2014. 1546 

Kazakhstan implements cattle meat export potential development project

24.02.2012

In his State-of-the-Nation Address “Socio-economic modernization – main direction of development of Kazakhstan” President N.Nazarbayev has emphasized that the agrarian sector of Kazakhstan has great export opportunities and potential for innovations introduction. The Head of State instructed to accelerate the implementation of the project on cattle meat export potential development. 2236 

AmCham Executive Director hails Kazakhstan's cooperation with investors

20.02.2012

In a modern world facing economic challenges, attraction and effective use of foreign investment is one of the main trends in mutually beneficial trade and economic ties of one country with other ones. Kazakhstan is not an exception. 1632 

2012 inflation forecast unchanged, National Bank chief says

15.02.2012

The National Bank of Kazakhstan retains the forecast corridor of inflation in the range of 6-8%, its chief Grigory Marchenko said at a press conference in Almaty on February 14. 2050 

Government reviewed further implementation of Industrialization Map

15.02.2012

A session of the Government focused on the issues of further implementation of the Forced Industrialization Program in the context of the President’s Address to the Nation was held today. Prime Minister Karim Massimov chaired the sitting. 1450 

Eurasian Economic Commission in action

14.02.2012

The Eurasian Economic Commission (EAEC) is a new supranational body that since January 1, 2012 supervises the integration processes between Kazakhstan, Russia, and Belarus within the existing Customs Union and the Single Economic Space (SES). 1770 

Kazakhstan charted right course to economy transformation, production modernization - Chinese expert

10.02.2012

Economic success, right approach toward the development is the keynote of Kazakhstan President's address to the people of Kazakhstan, considers Deputy Director of the China's Institute for Social Development of Eurasia Zhao Changqing. 1371 

SES will bring positive effects for Kazakhstan, think tank says

29.01.2012

The total effect on the development of integration ties within the Single Economic Space (SES) in 2011-2030 for Kazakhstan is estimated at US$ 106 billion, according to the experts of the Eurasian Development Bank (EDB). 1232 

Investment policy in Kazakhstan to be harmonized with OECD standards

29.01.2012

The renewed Government of Kazakhstan is facing big tasks on implementation of plans of accelerated industrial-innovative development as well as preparation and conduction of anti-crisis events. A joint project with the European Union on public sector reform and modernization in Kazakhstan is under implementation. 1202 

N. Nazarbayev: Socio-economic modernization – main direction of development of Kazakhstan

27.01.2012

Delivering the annual Address to the Nation President of Kazakhstan Nursultan Nazarbayev defined 10 key directions of further socio-economic modernization. The President told about the launch of a number of ambitious projects of the industrialization and development of the infrastructure. 2992 

Kazakhmys rises in London after beating copper output target

27.01.2012

Kazakhmys Plc (KAZ), Kazakhstan's biggest copper producer, gained to the highest in more than five months in London trading after beating its output target for last year and forecasting a similar figure for 2012. 954 

Nine special economic zones function in Kazakhstan

26.01.2012

The Government of Kazakhstan will continue development of special economic zones in 2012. Further development of special economic zones in Kazakhstan will help to attract additional investments to the economy of regions and ensure high level of profits on production in these zones. 1513 

Kazakhstan to commission 6 mln sq m of housing annually

24.01.2012

On the instruction of the President, the Government headed by Karim Massimov is implementing new Housing Construction development Program which provides for commissioning of 6 million sq m of housing annually through the housing construction savings system. 1491 

Development of infrastructure of 'Western Europe-Western China' highway to ensure new jobs

19.01.2012

The biggest transport project included into the Industrialization Map is the reconstruction of the international transit corridor 'Western Europe-Western China' that is called on to unite Europe and Asia, according to Kazakh Prime Minister's website http://pm.kz 1826 

Government takes measure to protect population from possible economic shocks

19.01.2012

The risks of destabilization in the global economy are increasing. Pessimistic forecasts of the foreign economists predict the possibility of recurrence of another crisis. Having huge experience in pursuing anti-crisis policy Kazakhstan takes measures to protect the population of the country from possible economic shocks, according to Kazakh Prime Minister's website http://pm.kz 1594 

Progress of implementation of State Program for Accelerated Industrial-Innovative Development of Kazakhstan in 2010-2014

19.01.2012

The State Program for Accelerated Industrial-Innovative Development of Kazakhstan in 2010-2014 was developed at the encouragement of President Nursultan Nazarbayev in his 2010 State of the Nation Address "A New Decade - A New Economic Growth - New Opportunities of Kazakhstan," as well as in accordance with the Strategic Plan for the Development of Kazakhstan till 2020. 2076 

Kazakhstan to attend City Week set for Feb 6-8 in London

18.01.2012

City Week is the global forum for senior members of the international financial services community. Attendance is by invitation only. City Week enjoys the support of the UK Government, in the form of UK Trade & Investment, as well as that of a large number of UK and international financial services trade associations. 1209 

BTA Bank plans to negotiate with stakeholders for developing Restructuring and Recapitalization Plan

17.01.2012

"BTA Bank" JSC (the "Bank") thanks its GDR holders and creditors for attending the meetings and for the constructive approach that was demonstrated during the investors' presentations organized by the Bank in Brussels, Frankfurt, Geneva, London, Miami, Munich, New York and Stockholm on January 11 and 12; the Bank's press service reports. 874 

Atyrau oil refinery moves closer to complete full modernization - Director General Baitaziyev

12.01.2012

Atyrau oil refinery, which in late 2011 signed agreement establishing an integrated refining complex at the enterprise, is at the finish line to complete the project of full modernization. Talgat Baitaziyev, Director General of Atyrau Oil Refinery, told Kazinform correspondent about the project's expected efficiency. 1644 

Kazakhstan Keen On More Trade With Malaysia In Promising Sectors

10.01.2012

KUALA LUMPUR, Jan 10 (Bernama) -- Kazakhstan is keen to further enhance trade ties with Malaysia to achieve an estimated RM500 million in total bilateral trade this year, with rubber, furniture, seafood and tropical products as the promising areas, said its Ambassador to Malaysia Beibut B. Atamkulov. 1493 

Single Economic Space becomes operational 1 January 2012

04.01.2012

The Single Economic Space (SES) became operational on 1 January 2012, BelTA reports. The SES has been formed by the three countries of the Customs Union, namely Belarus, Kazakhstan, and Russia. The Customs Union transforms into a higher form of integration ensuring freedom of movement of goods, services, capital, labor, and equal treatment of economic entities. 2264 

EXPO-2017: "Energy of the Future" fits smoothly into Kazakhstan's strategy on sustainable social and economic development

25.11.2011

Minister of Economic Integration of the Republic of Kazakhstan Zhanar Aitzhanova took part in the 150th session of the General Assembly of the International Exhibitions Bureau (BIE) held in Paris on November 22-23, 2011. Kazinform offers its readers the remarks by the Minister with reference to the press service off the Kazakh Foreign Affairs Ministry. 2186 

WEEKLY REVIEW. Kazakhstan boosting agriculture, labor productivity

17.10.2011

Kazakhstan will have a record grain harvest this year. This is the result of favorable weather conditions and public support for agriculture provided in accordance with the agrarian policy of the Kazakh President. The regions are engaged in the state program "Productivity 2020" aimed at raising labor productivity and competitiveness of the economy. 4932 

Kazakhstan one of the fastest growing markets in the world - Emerson Process Management's vice president

05.10.2011

"Over the past 15 years, Kazakhstan has seen tremendous changes in the socio-economic sphere. Kazakhstan is one of the fastest growing markets in the world," Johan Vanderplaetse, Emerson Process Management's vice president for CIS and Turkey told a special press conference on Wednesday in Almaty. 2151 

WEEKLY REVIEW: Kazakhstan's economy becomes less dependent on energy prices

03.10.2011

Kazakhstan marks the 20th anniversary of independence by significant achievements in socio-economic field. The country has strengthened its position in the international arena. We have begun to implement post-crisis development projects aimed at diversifying the economy, decreasing dependence on the primary sector, increasing competitiveness of the state as a whole. 2822 

Tell Yerasyl: Kazakhstan plans a Sid-style sell-off

02.08.2011

Kazakhstan, the last state to claim independence from the USSR, is poised to privatise state-owned assets on a scale not seen since the UK’s privatisation programme under former prime minister Margaret Thatcher. 3134 

Spanish Premier Zapatero looks forward to closer ties with Kazakhstan

29.06.2011

Spanish Prime Minister Jose Luis Rodriguez Zapatero visited Astana June 16-17 and spoke to The Astana Calling about his personal background, Kazakhstan-Spain bilateral relations, intercultural dialogue and the economic challenges he faces at home 4159 

Kazakhstan leader pushes for progress, urges OIC states to rethink priorities, Arab News

29.06.2011

President Nursultan Nazarbayev called on the Organization of Islamic Cooperation (OIC) to become the United Nations of the Muslim world, reminding member states of the urgent need for real progress. 3629 

Kazakh Gov’t wants Almaty as international diplomacy hub, mulls KazAid

13.06.2011

Kazakhstan has ambitions to turn Almaty into an international diplomacy hub and to establish a KazAid international assistance agency, Kazakhstan's Foreign Minister Yerzhan Kazykhanov told the heads of the United Nations agencies' offices in Kazakhstan in Astana on June 10. 4951 

Great accomplishments, effective measures, clear purposes and promising prospects - Chinese experts' opinions on N. Nazarbayev Address to Nation

08.06.2011

As is known, President of the People's Republic of China Hu Jintao will pay a state visit to Kazakhstan and take part in the anniversary Summit of the Shanghai Cooperation Organisation (SCO) in Astana. On the eve of the SCO Summit in Astana and the 20th anniversary of Kazakhstan's independence, Chinese scientists and diplomats pay their attention to President Nursultan Nazarbayev's state-of-the-nation address, hence its content is of practical interest on the threshold of these events. 5541 

World Bank Managing Director visits Kazakhstan, underlines continued strong cooperation with the country

03.06.2011

World Bank Managing Director Ms. Ngozi Okonjo-Iweala has completed a three-day visit to Kazakhstan, as part of her trip to Central Asia. The aim of the visit was to discuss the Government's program for crisis response and recovery as well as reiterate the Bank's support to Kazakhstan in the context of the new Country Partnership Strategy, currently being developed. She met with key members of the Government, local authorities, parliamentarians, civil society organizations, and students, and visited two World Bank project sites. 5521 

Kazakhstan should offer investment opportunities for Indian business

02.06.2011

I recollect that back to May the Kazakhstan Parliament held a Governmental Hour on the Program of Forced Industrial Innovative Development of Kazakhstan for 2010-2014, where Deputy Prime Minister- Minister of Industry and New Technologies Asset Issekeshev presented his report to members of Parliament. 6571 

EBRD Events Start in Astana This Week

19.05.2011

On May 20-21, the European Bank for Reconstruction and Development (EBRD) will hold its 20th anniversary meeting in Astana, the capital of Kazakhstan, also coinciding with the year of 20th anniversary of the country’s independence. 4091 

Romania, Kazakhstan Are Attractive on Low Debt, RenCap Says

12.05.2011

Romania and Kazakhstan will be the most-attractive emerging markets for investment in the next four years as their economies grow amid low debt levels, according to Renaissance Capital. 3761 

Bankers voice doubts over Kazakh state-selloff

11.05.2011

Kazakhstan’s state-owned holding company has named four investment banks, including Citigroup and UBS, to handle its privatisation of state-owned energy, rail and postal companies but there are worries that the ambitious ‘People’s IPO’ programme could struggle if the government pursues plans to rely on the local stock exchange for the flotations. 2500 

Kazakhstan prepares wholesale electricity market to attract investment

10.05.2011

Kazakhstan plans to create a wholesale electricity market in a bid to attract more investment to the generation sector, according to the head of the country’s grid operator. 1831 

Kazakhstan is the leading supplier of uranium to world giants

10.05.2011

(Astana) Kazakhstan is poised to become the world's leading supplier of uranium to giants like Russia, China, Japan and India. Many foreign investors are not perturbed at the lack of democracy and pluralism in the country, which they regard as a very reliable partner. 1771 

Kazakhstan: Philip Morris International Overhauls Labor Protections

10.05.2011

(New York) - Philip Morris International's public commitment on May 9, 2011 to protect the rights of tobacco workers in its global supply chain is an important first step, Human Rights Watch said today. Rigorous independent monitoring will be crucial to realizing full protections for workers, Human Rights Watch said. 1084 

Central Asian nations can benefit from stronger trade ties, UN official says

06.05.2011

The head of the United Nations Food and Agriculture Organization (FAO) today called for boosting trade ties among Central Asian nations, saying they could have a particularly beneficial effect on food security for countries in the region. 2252 

Kazakhstan Tenge Poised To Mirror Gains By Russian Ruble

06.05.2011

NEW YORK (Dow Jones)--Unlike Russia, Kazakhstan has held its currency back from rising with oil prices this year, leaving the tenge with plenty of room to strengthen as it moves to a floating exchange rate. 1952 

Kazakhstan continues economic recovery

01.10.2010

Kazakhstan's economy has responded strongly to the return of international demand for its energy, mining and manufacturing exports, growing at an 8% rate during the first half from the equivalent period in 2009. That is helping to fuel optimism that Astana looks like weathering the global financial crisis in much better shape than many other countries. 7284 

Central Asia Metals joins AIM ahead of production start at Kazakhstan copper project

01.10.2010

Central Asia Metals (AIM:CAML), a mining exploration and development company focused on base and precious metals in Central Asia, began trading on AIM, this morning after raising £38.1m in a share placing priced at 96p per share. 7962 

British Airways to enhance it health management system on Boeing aircraft

30.09.2010

Boeing and British Airways on Wednesday announced that the airline will enhance the existing Boeing Airplane Health Management (AHM) system. 4807 

Kazakh Banks May Write Off as Much as 15% of Loans, S&P's Trofimova Says

29.09.2010

Kazakh banks may have to write off 10 percent to 15 percent of loans after four of the former Soviet republic’s lenders defaulted last year, Standard & Poor’s said. 4335 

Kyrgyz economy not ready for accession to the Customs Union – Kiseleva

28.09.2010

The subject of the upcoming parliamentary elections in Kyrgyzstan has overshadowed all others. The economic problems, the politicians are promising to solve easily at the meetings with voters, have paled into insignificance. 1482 

Stock Market - First Ukraine, Next Georgia

27.09.2010

“Large international names will be coming to Georgia in the next 2-3 years to invest in the stock market here”, Nick Piazza, CEO of BG Capital Ukraine . “Georgia has quite large space for development and resembles the Ukrainian stock market 4-5 years ago.” 1631 

Kazakh Lender Seeks Borrowers For Recovery

27.09.2010

Kazakhstan's banking sector needs strong domestic borrowers and a diversified economy to complete its recovery from the global financial crisis, the head of the country's largest bank said. 1137 

Food price inflation buoys Asian food producer outlook

23.09.2010

Gold’s not the only commodity worthy of investors’ interest -- prices for food and other soft commodities have been climbing and analysts say producers in Asia are poised to profit as demand from emerging markets continues to grow. 2157 

Will world face yet another food-price crisis?

23.09.2010

The robust food grain output globally and relatively low crude oil prices has made the food security becoming possible for the countries, but the crucial part of the issue is the further policy decisions by the developing economies and the weather conditions, which might play a spoilsport for the record food grain production in several parts of the world. 1459 

The 21st-Century Land Rush

22.09.2010

The move toward securing farmland in faraway places can be seen not only as a bet on increasing food prices, but also as a hedge against a breakdown in world trade. 2457 

Pakistan, Cagamas, Indonesia Plan Issuance: Islamic Bond Alert

21.09.2010

The following borrowers are expected to sell Islamic bonds, which use asset returns to pay investors to comply with the religion’s ban on interest. 2747 

"Life" Just Got More Expensive

21.09.2010

Flash back to 2007, if you will. Food riots. Widespread hoarding. Grain shortages. Export quotas. 3365 

China: Twenty-First Century Energy Superpower

20.09.2010

By becoming the world’s leading energy consumer, China will also become an ever more dominant international actor and so set the pace in shaping our global future, notes Michael Klare. 4062 

As Moscow mulls ban extension, Astana seeks wheat advantage

20.09.2010

With the ongoing trouble for Russian Prime Minister Vladimer Putin’s country’s wheat harvest, the Kazakhstan agriculture ministry said Friday they were planning to export as much as 8 million tons of wheat this year. 1465 

N.D. ag export business hoping for rebound after economic blow

20.09.2010

A representative for the North Dakota Trade Office, Sova is tasked with matching farm equipment buyers with North Dakota sellers. Two thousand miles east in Kazakhstan, Yermek Umarzakov, another NDTO representative, does the same thing. 1560 

Putin Extends Ban on Grain Exports

03.09.2010

Prime Minister Vladimir Putin on Thursday abruptly extended the grain export ban by at least several months from the end of this year because farmers and wholesalers sent grain prices up by holding the latest harvest. 2809 

USDA Boosts 2011 Ag Export Forecast On Pork Demand, Russia Drought

01.09.2010

U.S. agricultural exports are expected to rise 5.1 percent next year to $113 billion, the second-highest total on record, as global pork and poultry demand grows and Russia’s drought leads to stepped-up purchases of American grain, according to a government report today. 3455 

Increasing Kazakh coal production is good business move, says analyst

01.09.2010

The major boost in coal production that Kazakhstan has just announced may not make environmentalists happy, but it's very good business - China and India are building new coal-fired power stations at lightning speed. 3055 

C.A.T. oil Enters H2 with Confidence after Significant Increase in Earnings and Profitability

31.08.2010

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, today announced the results for the first half of the Fiscal Year 2010. During the reporting period, C.A.T. oil benefitted from the noticeable signs of an economic recovery and increasing demand for oil field services. 2976 

Kazakhstan pushes Islamic finance after banking crisis

27.08.2010

Seeking to diversify its financial industry after a banking crisis, oil-rich Kazakhstan is drawing on Arab and Malaysian investment in an effort to build an Islamic finance industry among its 13mn Muslims. 4576 

Fed bumps notables at its annual retreat

27.08.2010

Ahead of an important speech by Federal Reserve Chairman Ben Bernanke on Friday, the buzz at this year's annual Fed retreat in Jackson Hole, Wyo., is who's here and who isn't. To make room for more foreign dignitaries, the Kansas City Fed, which organizes the event, has left out some of its own top officials and some Wall Street notables. 2643 

Russia to build China link before South Stream

26.08.2010

Russian energy giant Gazprom may build a natural gas pipeline from Russia to China before it completes South Stream. 2995 

Central Asia an emerging investment focus

26.08.2010

Global investors struggling to diversify their exposure to emerging markets are studying Central Asia, with a particular focus on Kazakhstan. 1928 

Turkmenistan Warms to US, Hugs China

25.08.2010

Turkmenistan has all but ruled out exporting its huge natural gas resources to the west or to Russia. That’s a big win for Beijing in the strategically critical race for Central Asian’s huge gas resources. 2201 

Wheat jumps on fears about Russia’s fall crop

23.08.2010

Wheat prices jumped Thursday as Russia's persistent, devastating drought raised questions about whether another crop can be planted this fall. 1554 

Kazakhstan bonds with Sharia-compliant finance

23.08.2010

Given a choice between a sukuk or a plain-vanilla eurobond, most countries outside the Middle East and certain parts of South East Asia would tend to take the western option. 1565 

Kazakhstan takes over Azerbaijan wheat market from Russia

20.08.2010

Kazakhstan has agreed to take over Russian wheat exports to AzerbaijanWASHINGTON, DC - Wednesday, August 18, 2010 - The great Eurasian drought and crops shortfall of 2010 took a dramatic twist this week with reports that Kazakhstan would replace Russia as the main supplier of wheat to Azerbaijan. 2898 

Russia's Customs Union tinged with failure

20.08.2010

The Customs Union between Kazakhstan, Russia and Belarus formally came into force on July 1. However, the occasion produced no cause for celebration among the union's members. 2087 

Russia's Wildfire Leads to Market Fluctuations

19.08.2010

Russia's decision to halt wheat exports this year has resulted in sharp fluctuations in grain prices in agriculture commodities markets, stirring up fears that another food crisis may be looming. 2040 

Soybean Invasion Sparks Move in Argentine Congress to Cut Wheat Export Tax

19.08.2010

Argentine opposition leaders say they have support for a bill to eliminate export taxes on wheat and corn as a way to lure farmers away from soybeans, the country’s biggest crop, and plant more cereals. 1909 

How drought and floods will hit food and clothing prices

18.08.2010

Scorching drought in Russia, devastating floods in Pakistan and rising food consumption in growing markets like China are fuelling soaring prices for many basic commodities such as wheat, barley, cotton and cocoa. This means that we'll be faced with inflation-busting rises in the price of bread, pasta, meat, beer, chocolate and clothing, all at a time when our incomes are under threat. 1978 

Kazakhstan recovering from economic crisis, still banking system weak: IMF

18.08.2010

Kazakhstan is recovering from economic crisis due to a timely stimulus program and higher oil prices, but stagnant credit growth and banking sector troubles continue to weigh on economic activity, the International Monetary Fund said. 1901 

Russian Grain Ban Could Hurt Turkmenistan

18.08.2010

A decision by Moscow to halt exports of grain because of wildfire damage to crops could result in shortages in Turkmenistan, which buys in much of its wheat. 1434 

Climactic shock to wheat markets signals new era of agriculture

17.08.2010

Food systems in transition as consumers face recalibration of supply, demand. Russia's decision to stop all grain exports due to extreme heat and unpredictable weather patterns will eventually hit consumers' pocket books -- it is just a matter of time. 2271 

World 2010/11 Coarse Grain Production Projected Lower This Month

17.08.2010

Prospects for global coarse grain production in 20101/11 declined this month as the drop in foreign production more than offset the U.S. increase. World coarse grain area is still expected to expand, but average yield is likely to fall short of the 2009/10 record. World coarse grain production in 2010/11 is projected a bit above 2009/10 but slightly below 2008/09. 1247 

Weekly Commodities Review

16.08.2010

Crude oil prices plunged last week as traders fretted that a global economic slowdown could dent energy demand, but gold hit a one-month high as many investors sought a safe-haven for their cash. 1578 

Islamic gold dinar move sparks debate about legitimacy of dollar

16.08.2010

The announcement last week by the Kelantan state government in Malaysia that it is introducing gold dinars and silver dirhams as legal tender alongside the Malaysian ringgit, is a damp squib of a failed attempt at financial UDI (unilateral declaration of independence). 1807 

Kazakhstan gets UK's OK for defense exports

13.08.2010

The UK Foreign & Commonwealth Office has released its annual Strategic Export Controls report (PDF), in which it reports on military exports over the last year. It includes a few case studies, where it explains the decision-making process behind whether it allows or disallows a certain sale to be made, taking into account human rights, the risk to UK interests, risk that the equipment will be transferred to another country, and so on. This year they had a case study on Kazakhstan, and came to the conclusion that the sale would be OK: 2188 

Food prices: The ghost of crisis past

13.08.2010

The great test of whether the world is about to repeat the crisis of 2008 is whether we have enough stocks of wheat. 1891 

Kazakhstan - Telecoms, Mobile, Broadband And Forecasts - New Market Report Published

12.08.2010

Although growth slowed significantly in 2009, Kazakhstan has been experiencing a booming telecom market that included almost 100% mobile penetration by early 2010. This has come about on the back of a growing economy and a program of positive regulatory reform in the telecom sector. 2699 

How to spend a billion dollars in Kyrgyzstan?

10.08.2010

Nearly two weeks after international donors pledged more than a billion dollars in aid to Kyrgyzstan, its caretaker government [http://www.irinnews.org/Report.aspx?ReportId=89612] is busy working out how to turn the promises into hard cash, and experts say there is confusion about who will get how much aid, when. 3110 

In Kazakhstan’s Energy Hub, Profits Slow to Trickle Down

06.08.2010

As the center of Kazakhstan's energy sector, the city of Atyrau plays an important role in the country's economic success. But you wouldn’t necessarily know it by looking at many of the city’s neighborhoods. 2544 

Uranium Looking Bullish Again?

02.08.2010

Uranium soared from $10 a pound in 2000 to a stunning $136 a pound in 2007 - and then the bottom fell out. After three lean years, could another bull market be ahead? 3034 

Kazakhstan Turns to Sukuk After Eurobond Offering Dropped: Islamic Finance

30.07.2010

Kazakhstan, the former Soviet republic that last sold international debt in 2000, is planning a debut Islamic bond sale to broaden its investor base after canceling a Eurobond offering last week. 2399 

The era of global oil giants is over

28.07.2010

Three months on, the consequences of the Deepwater Horizon disaster are becoming clearer. BP has a new leader – a quiet American who, as head of TNK-BP, a joint venture in Russia, has already held one of the world’s toughest jobs. 3116 

Kazakhstan’s Zhambyl Oblast faces stagnant economy

28.07.2010

Kazakhstan is known as an island of hydrocarbon-fueled wealth in Central Asia, but not all of its oblasts are sharing in the riches. 2970 

Stan together

26.07.2010

The former Soviet republics of Central Asia are growing in importance as suppliers of electricity, grain and construction materials to Afghanistan. It is hoped that new roads and railways criss-crossing Afghanistan will provide a shorter route to South Asia and the Gulf for these exports, but the security problem is keeping a lid on such optimism. 2774 

Putin Luring Ukraine in First Ruble Debt as Dollar Sale Pulled

26.07.2010

Ukraine may sell ruble debt for the first time as Russian Prime Minister Vladimir Putin’s government builds ties with former Soviet states and promotes its currency as a regional alternative to the dollar. 2588 

All that glitters isn't gold in Kazakhstan

26.07.2010

Just a month before the planned creation of a new gold giant on the London Stock Exchange (LSE) in August, the authorities in Kazakhstan have thrown a spanner in the works with the announcement of a fraud probe into the activities of the former management of KazakhGold and the cancellation of a planned share sale. 1730 

Wheat Inventories Are Tied Up in China, India, Rabobank's Chandler Says

23.07.2010

Global wheat stocks may overstate the grain’s availability on world markets because China and India are unlikely to sell from inventories to make up for lower output by leading exporters, according to Rabobank. 1685 

In Asia, a Gulf’s Worth of Oil Awaits Transport

23.07.2010

Even as the petroleum industry continues drilling in the Gulf of Mexico at considerable expense and risk, a single field here in Central Asia stands ready to produce two-thirds as much oil each day as the entire gulf does, with less danger to the environment. 1568 

Andreas Sieren & Frank Sieren: A hungry giant goes shopping

22.07.2010

They can be patient, Beijing’s natural resources strategists who are at the centre of China’s global strategy of expansion. They are used to handling setbacks and political opposition from the West. But if necessary, they can act very quickly. 1965 

Private capital to transform sovereign wealth funds

22.07.2010

A curious trend is developing among powerful sovereign and state-backed investment funds: despite being super rich in mainly oil-generated wealth, they are tapping the private sector for more capital. 1955 

Oil in Kazakhstan May Be Too Rich for Tax to Deter Chevron: Energy Markets

21.07.2010

Kazakhstan’s oil reserves may be too valuable for an export-tax increase to deter companies from drilling for crude in the former Soviet republic. 2224 

More than money blocks China's rail dreams

15.07.2010

When Chinese officials consider their international economic interests, Afghanistan and Central Asia (sometimes referred to as "Greater Central Asia") naturally come to mind. These countries possess an abundant supply of untapped natural resources, and they offer potential export markets as well as investment opportunities for the People's Republic of China (PRC). 3752 

Investing in Uranium: A Glowing Recommendation

14.07.2010

One of the best investments we can make right now is to buy into supplies of relatively secure, low-cost uranium – the feedstock for nuclear reactors. The simple story is that the uranium supply trails far behind demand. The added wrinkle is that supply cannot easily increase. 3166 

World Bank Group Record Lending to Europe and Central Asia in Fiscal 2010 to Address Global Economic Crisis

12.07.2010

The World Bank Group responded quickly in fiscal year 2010 (FY10) to requests from countries in Europe and Central Asia (ECA) for help in addressing the global economic crisis, providing record lending of $14.8 billion at a time when the crisis hit the Region harder than any other region in the world. 1348 

Asia-Pacific nations agree to promote low-carbon economic growth - UN

12.07.2010

Government officials and policymakers from Asia and the Pacific have concluded a United Nations-organized meeting by adopting a course of action for environmentally sustainable economic growth, ahead of a key ministerial conference to be held in September in Kazakhstan. 1215 

Customs Union Keeps Foreign Cars Expensive

09.07.2010

Higher duties on imported cars that were set to expire next Monday will now be in place until at least 2012 as part of Russia's customs union with Belarus and Kazakhstan, leaving drivers to pay a major premium for foreign autos. 1434 

Kazakhstan's first restructuring fund open for business

09.07.2010

After a first close on $100m in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country. 1231 

Kazakhstan’s initiatives in world economy

08.07.2010

The president of Kazakhstan, Nursultan Nazarbayev, delivering a speech during the opening ceremony of the Third Astana Economic Forum. The III Astana Economic Forum, dedicated to ensuring sustainable economic growth in the post-crisis period, was held in Kazakhstan on July 1-2. 1841 

Russia tries a menage a trois

07.07.2010

With moderate fanfare, yet another multilateral economic cooperation agreement was signed among a limited number of the Soviet successor states this month, in Astana, the capital of Kazakhstan. 1334 

Russia's Mounting Influence In Belarus And Kazakhstan

07.07.2010

The common Customs Code stage of the customs union between Russia, Belarus and Kazakhstan came into effect July 6. 1445 

Day X or Customs Union Chronicles

02.07.2010

New customs duties must have taken effect on Thursday in the countries of the Customs Union, which was originally formed by three countries – Russia, Kazakhstan and Belarus. This organization was initially oriented on the interests of the Russian Federation and its producers, which is clear even to a non-expert. 1502 

Summer doldrums – golden opportunity

29.06.2010

Summer is typically a slow time for gold -- a time of reduced price volatility and seasonally soft prices. There are some good reasons to believe that the summer of 2010 may be the exception rather than the rule. 2295 

Copper Rises with Economic Optimism

29.06.2010

Easing concerns over the state of the global economy sent copper on its first winning streak in months. Monday marked the fourth straight day that the metal was in positive territory. 1267 

Russian takeover of Uranium One a benefit, execs say

28.06.2010

Shareholders worry about Kremlin involvement as Canadian uranium mining company near deal with Russia’s ARMZ. 1188 

Uranium One Says New Russian Owners Are No "Cowboys"

24.06.2010

Uranium One Inc., which slumped in Toronto trading this month after agreeing to a takeover by Moscow-based Uranium Holding ARMZ, said shareholders have nothing to fear from Russian state control. 1276 

BTA Bank of Kazakhstan to Restructure Client Debts as It Increases Lending

23.06.2010

BTA Bank, Kazakhstan’s third-largest lender by assets, plans to restructure customer debts and transfer bad loans to a subsidiary as it tries to increase lending after the country’s worst financial crisis in a decade. 1939 

Belarus Demands More Concessions From Russia on Oil and Gas

23.06.2010

During a visit to Mahileu on June 18, Belarusian President, Alyaksandr Lukashenka, expressed his frustration over his country’s obligatory payment of customs duties for oil and oil products to Moscow, which has delayed the ratification of the Customs Union between Russia, Belarus, and Kazakhstan that came into effect on January 1. 1522 

China's move on its currency signals confidence in growth outlook

21.06.2010

The past week was characterized by a gradual improvement in general market sentiment. Once again, it was a government bond auction in Spain that supported investors' mood. Equity markets showed some strength as did the euro with EUR-USD recovering and finally stabilizing in the 1.24 area. 2084 

Joint venture to ship 2,000 bred heifers overseas from ND

17.06.2010

Pens of Angus and Hereford cattle were eating modified distillers grains with silage at the Price feedlot north of Mandan last week. But in a few months, these cattle will be airlifted out of Bismarck and a couple of other North Dakota airports and transported across the ocean to Kazakhstan. 3386 

Kazakh oil minister says no plans cancel PSAs

17.06.2010

Kazakhstan's oil production sharing agreements with foreign oil firms are under review as they were initially set "at a loss", but the Central Asian oil producer has no plans to cancel them, its oil minister said. 2561 

Oil Crops Production is Actively Promoted in Kazakhstan

16.06.2010

Key products of Fat-and-oil industry are vegetable oil, margarine, cooking butter. Raw materials for these products are seeds and fruits of oil crops, including sunflower, soy, rape, safflower, maize, lint, etc. 3386 

China, Kazakhstan agree deals on gas, nuclear energy

14.06.2010

China and Kazakhstan have agreed to build and jointly finance a gas pipeline and deepen atomic energy ties during a visit to the Central Asian country by Chinese President Hu Jintao. 3572 

Euro bondholder haircuts would help

14.06.2010

There is a time when the serious long-term investor must ignore the panic of the crowd and buy assets that are perceived by lesser minds to be “too risky”. In other words, show some courage. 2072 

IMF - Republic of Kazakhstan—2010 Article IV Consultation Concluding Statement of the IMF Mission

10.06.2010

The following statement reflects the views of an International Monetary Fund (IMF) mission, led by Ana Lucia Coronel, that visited Astana and Almaty during May 26-June 8, 2010 to conduct discussions for the 2010 Article IV consultation. 2850 

Phase-One Drilling Program Improves Grades and Extent of High-Grade Gold Mineralization at Ivanhoe Mines' 50%-Owned Kyzyl Gold Project in Northeastern Kazakhstan

08.06.2010

Robert Friedland, Chairman of Ivanhoe Mines and David Woodall, Chief Executive Officer of Altynalmas Gold Ltd., announced today that gold mineralization has been expanded and upgraded by confirmatory drilling at Altynalmas's Kyzyl Gold Project in northeastern Kazakhstan. Ivanhoe Mines owns 50% of Altynalmas. 2759 

Nuclear giants stockpile fuel while price is cheap

01.06.2010

Some of the world’s biggest energy companies are stockpiling the nuclear fuel used to power reactors as they try to capitalise on rock-bottom uranium prices. 2564 

Profumo Says 2% Euro Breakup Risk Encourages Italy’s No. 1 Bank

24.05.2010

The risk of the euro area breaking up is minimal even as a lack of political leadership to resolve the region’s debt crisis undermines the currency, says Alessandro Profumo, chief executive officer of UniCredit SpA, Italy’s biggest bank. 3152 

Uranium's aglow with nuclear plants set to multiply

20.05.2010

Uranium prices have dropped about 70% from their highs in 2007, but with Asia's drive for nuclear power going strong, and expected only to strengthen further, there's plenty of opportunity for prices to return to higher ground. 4115 

Iran’s Uranium Enrichment Program: The Next Chapter

19.05.2010

Much of the headline news attracting interest for uranium investors this week focuses on the ongoing saga of the previously stalled uranium enrichment program for Iran. 3246 

Kazakhstan May Restrict Corporate Bank Withdrawals

19.05.2010

Kazakhstan is likely to restrict corporate withdrawals to keep banks liquid and allow them to recover as the country’s lenders try to restructure about $20 billion in debt, Standard & Poor’s said. 3233 

The End of the Third World?

29.04.2010

If 1989 saw the end of the "Second World" with Communism's demise, then 2009 saw the end of what was known as the "Third World": We are now in a new, fast-evolving multipolar world economy - where North and South, East and West, are now points on a compass, not economic destinies. 6896 

Slow Recovery Ahead for Emerging Europe and Central Asia

27.04.2010

The Emerging Europe and Central Asia (ECA) Region will face a slow recovery from the global economic crisis in the year ahead and countries facing tight fiscal pressures should take care to target social spending on the most needy and vulnerable, the World Bank said today at a press briefing at the World Bank/IMF Spring Meetings. 6606 

Eurasian Development Bank seeks to build funds

24.02.2010

2010 is an important year for the Eurasian Development Bank (EDB), according to its chairman Igor Finogenov. The EDB plans to grow its investment portfolio by over 50% and take in new members, and is managing the Eurasian Economic Community's (EurAsEC) $10bn anti-crisis fund. 6733 

Kazakhstan negotiating grain supplies to S. Korea, maybe Japan

19.02.2010

The Grain Union of Kazakhstan, the republic's association of grain exporters, is negotiating grain shipments with South Korean importers, the managing director at Food Contract Corporation (Prodkorporatsiya, which buys grain for the state's reserves), Daulet Uvashev, told Interfax. 3394 

World Bank Supports Tax Reforms in Kazakhstan to Improve Business Climate

19.02.2010

The Project, with an overall value of US$ 57 million, is co-financed by the Government of Kazakhstan (in the amount of US$ 40 million). The Project will facilitate efforts to make the Tax Administration more efficient and effective through the introduction of modern standards. 2358 

Kazakhstan questions production sharing deals with foreign oil firms

15.02.2010

Astana: Tax officials in Kazakhstan, an oil-rich Central Asian country, yesterday questioned the legality of production sharing agreements signed with foreign oil and gas companies. 2818 

Kazakhstan To Diversify Satellite Suppliers In Future

09.02.2010

Kazakhstan will not name Russia as a privileged supplier of satellites and will announce international tenders after the launch of its KazSat-2, the head of the Kazakh space agency said on Tuesday. 2893 

Kazakhstan sets 20-nation entry target by 2020

04.02.2010

Kazakhstan has set itself an ambitious goal of making its presence as a business and investment powerhouse in at least 20 countries by the year 2020. Addressing the nation this week, President Nursulatan Nazarbayev said the forthcoming decade should be seen as a period of "new economic growth" for Kazakh society, and urged the people of his country to strain every sinew in taking advantage of emerging opportunities. 4066 

Delegation from Kazakhstan to visit North Dakota

21.01.2010

A delegation of livestock producers and government officials from Kazakhstan will visit North Dakota January 15- 22 to source cattle and livestock equipment as part of the country's on-going efforts to develop its agriculture industry. 3204 

Kazakhstan eyes stake in Karachaganak field

15.01.2010

Kazakh Prime Minister Karim Massimov announced his country was attempting to secure a stake in the massive Karachaganak oil and gas field amid tax disputes with consortium members. 2191 

Cigma Metals sells its wholly owned Kazakhstan subsidiary

13.01.2010

Cigma Metals Corporation announced that it has entered into an Equity Purchase Agreement between Cigma, a Florida corporation and Copperbelt AG, a Swiss corporation, for the sale of Cigma's 100% interest in its Kazakhstan subsidiary to Copperbelt AG. 2181 

IAEA to pursue nuclear fuel bank in Kazakhstan

12.01.2010

The International Atomic Energy Agency intends this year to flesh out plans for an international nuclear fuel repository at an isolated metallurgical site in Kazakhstan, the BBC reported Friday (see GSN, Sept. 29, 2009). 2477 

Kazakhstan takes top spot in 2009

06.01.2010

Kazakhstan has laid claim to being the world's top uranium producing country in 2009. Provisional figures show that its uranium output leapt over 60% last year to reach some 13,900 tonnes, surpassing both Canada's and Australia's forecast production. 1286 

Central Asian countries' anti-crisis measures kick in

28.12.2009

Central Asian countries' location in the hinterland of Eurasia has not shielded them from the effects of the global financial crisis that has swept almost every corner of the planet. 1493 

Salaries during the crisis

15.12.2009

For the second year in a row now, the economic crisis has been devaluating real wages. According to mojazarplata.kz, this is the conclusion of experts on international labor, who prepared the “2009 Global Wage Report.” 1036 

The price tag of truth

10.12.2009

In today’s world when just about every country is striving to improve its transparency, accountability and public access to information (or at least pretend to), the Tajik government once again decides to swim against the stream. 923 

Iran’s nuclear ambitions highlight Kazakhstan’s uranium potential

04.12.2009

One bonus of the global recession is that it wiped a lot of incompetent hedge fund managers and energy speculators from the canyons of Wall Street. As the Gordon Gecko sycophants regroup and look for the next Big Thing, maximising profit while minimising risk, the landscape looks very different than it did a year ago. 993 

Kazakhstan: a player on the European energy market

30.11.2009

Kazakhstan wants to leave politics out of the equation and make a profit when dealing with the transport of hydrocarbons, the country’s foreign minister told five visiting western journalists at his lavish ministry in Astana. 611 

Central Asia's electricity system falls apart

24.11.2009

Four of the five Central Asian countries have muddled along with an often unsatisfactory, yet workable, shared electricity system that was devised after the break-up of the Soviet Union. This year, however, Uzbekistan and Kazakhstan have finally been provoked into announcing their withdrawal from the shared grid. 669 

Kazakh ministry OKs purchase of mine stake

17.11.2009

Kazakhstan's ministry of energy and mineral resources has approved Canada-based Uranium One's previously announced acquisition of a 50% stake in the Karatau uranium project from Russia's Atomredmetzoloto (ARMZ). 577 

Kazakhstan shows interest in Russian supercomputer technology

12.11.2009

T-Platforms, the Russian supercomputer holding, the Foundation of the First President of the Republic of Kazakhstan, and Microsoft Corporation, EMEA Incubation Sales Department, have signed a memorandum of cooperation in the field of building a supercomputer technology center under the Foundation of the First President of the Republic of Kazakhstan. 728 

Specific programmes needed to boost Jordan-Kazakhstan ties

06.11.2009

His Majesty King Abdullah and Kazakh President Nursultan Nazarbayev on Tuesday underlined the need to draw up specific programmes to boost cooperation in various fields including energy, agriculture, pharmaceuticals, food industries and tourism. 599 

Kazakhstan: Metro continues to expand internationally

30.10.2009

With the opening of its first store in Kazakhstan and the laying of the foundation stone for the first outlet in Egypt at the same time, METRO Cash & Carry on Tuesday continued its successful international expansion strategy. With these steps the company also underlined its leading position as the most international player in the wholesale sector. 822 

Kazakhstan, the rising power

26.10.2009

Eighteen years after the five former Soviet republics of Central Asia became independent, only one of those five has managed to become a significant power in terms of international clout and importance. That country is, of course, Kazakhstan. Today, it is the most important, most influential, most stable and most prosperous of all the Central Asian countries due mainly to the able, prudent, wise and balanced leadership and policies of President Nursultan Nazarbayev. 722 

Kazakhstan’s oil production to reach 75 million tons in 2009

21.10.2009

Kazakhstan’s Minister of Energy and Mineral Resources Sauat Mynbayev said this year oil production in the country is projected to reach 75 million tons (approximately 1.5 million barrels per day), 6.2 percent higher than in 2008. 758 

Transport matters in focus at OSCE meeting in Astana

13.10.2009

A conference to prepare for the 18th OSCE Economic and Environmental Forum opened today in Astana with 170 participants discussing how to promote good governance at border crossings, improve land transportation security and facilitate international transport by road and rail. 997 

Scania Increases Presence in Kazakhstan and Ukraine

06.10.2009

Scania this week inaugurated its first distributor and service facility in Kazakhstan. The newly inaugurated sales and service facility ? Scania’s first of its own in the region ? is located in Almaty, the largest city in Kazakhstan. The new building also houses the head office of Scania Central Asia, which was established in 2007. 767 

Debt markets today

02.10.2009

Troika Dialog Research MARKET COLOR A reported decline in manufacturing and the bankruptcy of CIT Bank sent US and European markets tumbling more than 2% yesterday. The UST 10's yield dropped to 3.18%. Crude prices remain above $70.1/bbl. 591 

Francis Fitzherbert-Brockholes: Kazakhstan – a litmus test for emerging markets

29.09.2009

As banks worldwide were hit by the global financial crisis, they were increasingly supported through emergency measures launched by governments. 692 

Kazatomprom: Kazakhstan’s first NPP in Aktau to start operating in 2016

26.09.2009

The feasibility study for the Aktau nuclear power plant (NPP) is currently being appraised by the state regulators, while the first block of the power plant is scheduled for launch in 2016, Kazatomprom vice president Sergei Yashin said. 1132 

China, Kazakhstan vow to deepen energy, resources cooperation

08.09.2009

Chinese Vice Premier Wang Qishan met Kazakhstan's Minister of Energy and Mines Resources Sauat Mynbayev Thursday, and they see eye to eye on advancing bilateral cooperation. 548 

Need to check cost of power, says Planning Commission

03.09.2009

The Planning Commission today expressed concern over the high generation cost, as well as over 30 per cent distribution losses in the power sector, saying there was a strong need to tackle this problem. 560 

ENRC is free of shocks, but it offers little in the way of value

02.09.2009

Eurasian Natural Resources, the London-listed Kazakh miner, has not been taken over by the state nor had its management expelled, a fate that befell more than one Kazakh bank this year, and has so far avoided shocking investors who acquired shares in the float three years ago. 704 

Anniversary: 10 years of Single European Currency

27.08.2009

Continental Europe is exactly that piece of the Universe that has no objection to experiment and unite. Especially for money purpose. 685 

ArcelorMittal postpones new steel mill construction in Kazakhstan

11.08.2009

It is reported that ArcelorMittal has postponed the construction of its new 4 million capacity steel mill in Temirtau in the Karaganda region of Kazakhstan. 1295 

Max Petroleum hires Sun Drilling for projects In Kazakhstan

06.08.2009

Kazakhstan-focused oil and gas company Max Petroleum (AIM: MXP) has secured a drilling rig for its major projects in Western Kazakhstan, sending its shares up 11%. The company said it reached a two-year agreement with Sun Drilling LLP, which also operates in Kazakhstan. Sun will provide Max Petroleum with a Z-J30 rig capable of drilling up to 3,500 meters. 948 

Kazakhstan will account for 4.49% Of Central and Eastern European (CEE) regional power generation by 2013

04.08.2009

BMI forecasts that Kazakhstan will account for 4.49% of Central and Eastern European (CEE) regional power generation by 2013. CEE power generation in 2008 was an estimated 2,096 terawatt hours (twh), representing an increase of 2.8% over the previous year. We are forecasting a rise in regional generation to 2,340twh by 2013, representing an increase of 11.6% over our five-year forecast horizon. 704 

Toshiba partners with Kazakhstan to develop rare earths and uranium

28.07.2009

The Japanese take a slightly different approach to the Chinese when it comes to securing raw material supplies. Lacking the bottomless pockets of Chinese firms and slowed by the due diligence and board approval procedures typical of Japanese corporations, they have been repeatedly beaten to the deal by fleeter Chinese rivals. 750 

Kazakhstan: despite downturn, numbers stay up

21.07.2009

Although Kazakhstan has been battered by the global financial downturn, the Central Asian nation’s citizens are still upbeat. 717 

U.S. and Russia negotiate to lift trade restrictions

13.07.2009

Commerce Secretary Gary Locke urged Russia on Wednesday to lift bans on poultry and pork imports from the United States as a "significant first step" toward persuading Congress to repeal the Jackson-Vanik amendment, a long-standing irritant in U.S.-Russia relations. 643 

Alliance creditors face 80% losses in Kazakh workout

10.07.2009

July 8 (Bloomberg) - Alliance Bank’s creditors face losses of as much as 80 percent on $4.2 billion of debt in the first restructuring deal by Kazakhstan’s defaulted lenders. 778 

The industry of "life insurance"

01.07.2009

Financial services agency Fortune-invest will conduct its 100th three day training workshop that will start in July 10 in Karaganda. 691 

Transit paradise, or Truth is somewhere nearby

25.06.2009

Big automobile transport projects in Kazakhstan may remain just on the paper, unless procedure issues are decided and corruption is minimized. 883 

We and IMF

17.06.2009

Relations of Kazakhstan and the International Monetary Fund were established long ago, since July 1992. 501 

Nationalization of financial system won't be avoid

10.06.2009

Crisis made the government of Kazakhstan to take under control a financial sector. 1334 

New aviation-technical center to be established in Astana

01.06.2009

The minister of transport and communications Abelgazy Kusainov discussed the lack and prospects of civil aviation in Kazakhstan with Peter Foster, the president of Air Astana national company. During negotiations, the sides dealt to renovate the fleet park in the country. 558 

Creeping default

28.05.2009

Number of defaults in Kazakhstan increases. Although it is early to state entire incapacity of the state to fulfill its obligations. 547 

Projects to be realized

21.05.2009

Mangistau oblast which used to be a donor, today itself is in need of support. 569 

Entrepreneurs and state authorities develop economy protective measures

20.05.2009

The organizers of the National Business Forum Spring 2009 (NBF Spring 2009) made a forecast concerning economic situation in Kazakhstan. They believe that the crediting can be stopped in Kazakhstan due to the growth of overdue dept, which can reach up to 40 percent out of credit portfolio. 511 

Tenge can 'relax'

20.05.2009

Sabit Khakimzhanov, KIMEP professor, considers that restructurization of debts of two Kazakhstani banks, including BTA, will bring to the national economy in general, in primarily, to the financial sector, serious pluses. 485 

India's position on the current international financial and economic crisis

04.05.2009

The problems facing the world economy are well-known. The only point that has become clearer over the last few months is that the downturn in the international economy is much deeper than was thought earlier. Prospects of recovery have receded to 2010 at best. This is the worst recession in 60 years and is resulting in total loss of confidence which threatens a downward spiral if not corrected. The pain is being felt both in industrialized and in developing countries. 1026 

Commodity markets: momentary stabilisation demands new cash flow rational

06.04.2009

Commodity markets around the globe have stabilised through the first quarter of 2009 after a full year of profound changes in market fundamentals. Cosmetic measures by governments in both producing and consuming countries will not help industries to stand on their own feet once more, unless speculative gains will be replaced by demand-driven returns. Trends, though still under pressure of market volatility, by and large point in that direction and require thorough revisions of trade and investment policies for emerging economies such as Kazakhstan. 1580 

Domestic manufacturers face tough conditions at city hypermarkets

02.04.2009

A number of Kazakhstani manufacturers tend to give preference to food hypermarkets presenting discounts for many types of goods and great variety. 406 

Authorities called entrepreneurs for establishing unified customs rate

26.03.2009

The ministry of industry and trade applied to Kazakhstani entrepreneurs calling to take part in the development of norms and foundation of unified customs union. 471 

World Bank: comrades, you are going right path!

16.03.2009

One of the authorized world economic institutes - the World Bank presented its view "from aside" on economic situation and perspectives of development of Kazakhstan. 516 

Stages of the Lent

05.03.2009

It is surprising that the Orthodox Lent coincides this year with the peak of the economic crisis. 470 

Risk - anticrisis matter?

13.02.2009

Tragicomic situation. It is the conclusion to the domestic economy made, while following the logics of speeches and characteristics of the current situation made by the participants of the conference "Ways of crisis overcoming," held by Trade-Industrial Chamber (TIC) of the Republic of Kazakhstan. 593 

The last, but one place

09.02.2009

According to investment rating "Doing Business" - "Simplicity of doing business" - worked out by the World bank since 2004 and 10 indicators, Kazakhstan is ranked 70-th in the list of 181 countries, under study. 611 

Virtual "Stock Exchange" will award the most skillful investor with 3 million

29.10.2008

The second season of "Stock Exchange" national game was launched on October 23. The second round of the game will last for 7 weeks and will be finished on December 22. The winner will be awarded with big sum of money and get chance to train in the leading financial companies. 537 

To be or not to be a businessman in Kazakhstan?

17.09.2008

Kazakhstani authorities repeatedly state lack of small and medium business development in the country. This year they register significant decline enterprises' growth working in the sector. 501 

Khorgos: a tour to the East

12.09.2008

If planed actions and reality will correspond with each other, soon biggest and modern infrastructure and logistic object will appear at the border of Kazakhstan and China. It will be constructed by "International Center of Bordering cooperation "Khorgos" and group of companies "Amanat Invest Group". 460 

Kazakhstani legal experts disagree with new tax code concept

12.08.2008

The representatives of Kazakhstani government considered the prospects of new tax code development planned to be introduced in the beginning of next year. During a round table titled as "Basic directions of taxation reform" the representatives of Kazakhstani government declared innovations planned to be introduced in the legal document. 506 

Business remains on its own

10.07.2008

Last events again prove the idea that all actions referring entrepreneurs still can be called as an attempt to take this sphere under control. 491 

Authorities are concerned about decline in small and medium business activity

09.07.2008

Almaty city authorities are concerned about decline of small and medium business development. While, the city budget is loosing money coming as tax receipts from small and medium business, entrepreneurs have no funds for further development. The city authorities blame second level banks, which establish high rates for entrepreneurs. 509 

Gentlemen businessmen, gamble on!

30.06.2008

There is an interesting excuse for a talk about a new draft of tax code. In order to keep a right to choose in the future it is necessary today to create something new. Who and when will be busy with this? 412 

What biofuel is for in Kazakhstan: pop-trend or perspective?

11.06.2008

Today almost all significant international events, either G8 summit or UN conference, within the discussion of energy security topics consider a production of bio-fuel as one of the ways of energy sources diversification. Therefore, we can say that there is a constant search for solution of misbalance of offer and demand of energy products, which is deteriorated by a crucial situation in environment. 1942 

Economic ministry disagrees with "Negative" credit rating by Standard&Poor's

07.05.2008

Standard & Poor's international rating agency lowered Kazakhstan's prognosis rating on its long-term sovereign credit ratings from "stable" to "negative". The agency reported that there were affirmed the 'BBB-' long-term foreign currency, the 'BBB' long-term local currency, the 'A-3' short-term sovereign credit ratings, and the kzAAA national scale ratings . 592 

Armenia: Opposition candidates charge that political factors are behind rising food prices

04.02.2008

Rising food prices and a falling dollar have become crucial points of contention among Armenia’s opposition presidential candidates and the government. Opposition contenders argue that pro-government entrepreneurs are gouging consumers on food costs, and are kicking back some of their profits to help fund the governing party’s election campaign. Prime Minister Serzh Sarkisian, who also happens to be the governing party’s presidential candidate, dismisses the opposition complaints. 590 

Privatizing Georgia's railway: Bids before strategy

01.02.2008

Controversial and often confusing, Georgia's aggressive privatization campaign threatens to become sidetracked by a debate over how to privatize its railway. 519 

The highest level Davos: sat fo a while, talked a bit, and went away …

28.01.2008

Yesterday in a Swiss hilly village with a world wide known name Davos ended up the World Economic Forum (WEF). 464 

Central Asia: A vision for a regional transport network takes shape

15.01.2008

Central Asian nations are planning to develop six new major transportation corridors in the next decade, according to a plan developed by the Central Asia Regional Economic Cooperation (CAREC) program. 567 

Central Asia and Caucasus: Governments rely on old-style methods to contain inflation

07.12.2007

Soaring inflation rates across the former Soviet Union are causing food price to spiral upward, Deirdre Tynan writes for Eurasianet.org. 1544 

KazAtomProm loops the "dead" loop

20.08.2007

It could happen that in the nearest future Kazakhstani company looses the interest to supply natural uranium to Russian market. 838 

Once again into WTO: attentively and carefully

21.06.2007

Kazakhstan economy monitoring and research center held a number of researches on economic dynamics in the country. Results turned out to be very interesting, especially in the part which is about accession of the country to the World Trade Organization (WTO). 448 

Export is under control

12.06.2007

The US experts call Kazakhstani government and manufacturers together control the export. 531 

Turkmeni spokes in Kazakh vanity wheels

22.05.2007

Other agreements appeared to be not enough noticed or not noticed at all because of recently signed by Kazakhstan, Turkmenistan and Russia leaders' strategic agreement on trans-Caspian gas pipeline construction. 477 

Georgia attracts Kazakh businessmen

20.03.2007

Gazeta.kz correspondent reports from Georgia According to Kazakh investors, fast economic growth makes Georgia be attractive to foreign investors. One of the biggest Kazakh banks "Turan Alem Bank" is among them. 797 

Mobi-Boom. To be continued.

26.02.2007

A while ago the word "communication" meant to me endless, thick cables, almost impossible to carry phones with depressively growling sounds... 1281 

Inspector is on the way

30.01.2007

Official Astana radically rejects its attitude toward to large-scale oil investors. 441 

A debt to be paid

03.01.2007

Last summer the Indian Mittal Steel managed to outflank the Russian "Severstal" in merging with the European steel company Arcelor. 443 

Not only the Caspian relates Kazakhstan to Iran

27.11.2006

An important, but unjustly unnoticed event has taken place this month in Almaty. 529 

Municipal "bait" for investors

06.11.2006

Possibly, already next year a new instrument will appear at the stock market - municipal bonds. 523 

Paradoxes of the currency market

18.10.2006

The Kazakhstani currency market reveals paradoxical tendency to bolster the international reserve currency - the USD. 461 

Carrot instead of stick

16.10.2006

The Almaty Regional Financial Centre is going to start the registration of participants as from November 1, brokers and dealers in the first place. 427 

Investments into unknown future

02.10.2006

The National Fund has become a real panacea for our government. When the Fund was created it was stated that we had to treat with responsibility the immense natural reaches that are alas not infinite and to the destiny of our offspring for whom there will be none left, but now the situation has changed. 465 

One flew out of the cuckoo's nest

18.08.2006

Recently the USA announced an intention to stop co-operation with 13 countries within its Generalised System of Preferences (GSP) that allows duty free export of certain goods to the USA. Kazakhstan is among these countries. 442 

Russia enters Central Asia through Kazakhstan

09.08.2006

Kazakhstan is becoming not only an important commercial and economic partner, but also a space for strengthening proper positions in the Central Asian countries. 444 

US Secretary of Agriculture ready to see Kazakhstan in WTO

31.07.2006

It is a pity that there is no such clarity about the US investments into the agro-industrial sector. Nevertheless, Kazakhstan is a strategic and significant partner for the USA, and US companies are ready for long-term investment projects here. 502 

Is there Dutch disease in Kazakhstan or not?

24.05.2006

Is there Dutch disease in Kazakhstan or not? The International Monetary Fund has presented this month a report entitled "Regional Economy Development Prospects," dedicated to Kazakhstan and neighbouring Central Asian states. 1114 

Cross-cultural consultant wanted!

22.05.2006

If the local recruiting agencies do not yet offer you to hire a cross-cultural consulting specialist, it means only that somebody does not match his steps with time. 1072 

USD invasion changes economy

15.05.2006

The tenge that is being rapidly bolstered at the currency market is no surprise. The National Bank, whose tasks include smoothening harsh oscillations of the tenge rate is most likely to take an active position. 542 

US dollar and us

05.05.2006

The US dollar rate can fall to 1.3 euros for 1 "buck." It will happen if the US Federal Reserve System decides to freeze its funds-rate. 500 

Sopor…

10.04.2006

…such is the condition of the transport co-operation between Kazakhstan and Pakistan. 441 

Kazakhstan turns to Russian experience of economic reforms

03.03.2006

The Kazakhstani and Russian expert communities have made a big step towards each other and towards co-operation. 429 

Poverty from abundance

15.02.2006

With the growing oil prices the world community is becoming anxious about the hydrocarbon producing countries being negatively influenced by the existing state of affairs. 391 

Without Greenspan

10.02.2006

The fate of the US dollar becomes uncertain after the expiration of Alan Greenspan's term as the Chairman of the Federal Reserve System that he occupied for 18 years. 464 

Mechanical engineering still survives

20.01.2006

The mechanical engineering in the republic is still alive and even developing. But very slowly. 354 

Not everyone might like Eurasian energy club III

26.12.2005

(how the division of labour could be useful within the SCO) Part III 434 

Not everyone might like Eurasian energy club II

23.12.2005

(how the division of labour could be useful within the SCO) Part II 471 

Not everyone might like Eurasian energy club. Part I

21.12.2005

(about the distribution of labour in the Shanghai Five) Part I 462 

A road to paradise?

12.12.2005

A new financial instrument has appeared at the stock market - infrastructural bonds. 534 

A reservedly positive glance at Kazakhstani reforms

09.12.2005

The recognition of Kazakhstan's leadership in economic and social reforms is already becoming a "common spot" in public speeches of our politicians and experts. 437 

Progress should be measured

16.11.2005

The IMF and the World Bank have nearly simultaneously stated that the world economic growth can slow down. 424 

Economic future of Central Asia viewed by "Bigger" Asia

11.11.2005

Economic prospects of Kazakhstan and Central Asia cause a growing interest among foreign experts including the experts from Eastern, Asian countries. 384 

New economic Drang nach Ost

21.09.2005

Germany is not quite satisfied with its bilateral economic relations with Kazakhstan. Therefore it took an initiative to make them more productive and profitable for both sides. 568 

Economic beacons

14.09.2005

President Nazarbayev has publicised basic directions of his future economic policy. 420 

Investors need some drive

03.08.2005

A significant growth of mergers can be predicted in Kazakhstan. And although expert note a growing interest of big business towards medium and small companies, among subjects there can be also quite big companies - like PetroKazakhstan Inc for instance. 367 

It's best not to perform this plan

01.08.2005

The National Bank of Kazakhstan has raised the refinancing rate by 0.5% for the second time this year - now it is 8 per cent. 442 

Mess around alcohol distillery plant

09.06.2005

West Kazakhstani businessmen found a chicken that can bring golden eggs in an alcohol distillery plant, which is under construction for years. 466 

Will water reach fields?

27.05.2005

To resolve the problem of the lack of irrigation water in the agricultural areas specialists recommend to peasants to keep relying on the government, but to take care for themselves. 346 

How government can achieve economic marvels

18.05.2005

Inflation starts to become a headache for the government. During the first three months of this year it reached 1.9 per cent, which is 0.4 per cent more than last year. 334 

Brand idea

18.04.2005

Today national companies are investing more and more money into promotion of their trademarks. And brand managers are always more required. 466 

Economic growth in Asia-Pacific

15.04.2005

Kazakhstan is not the only country that can boast of good expectations and a sure economic growth. 324 

IMF vs. Uzbekistan

01.04.2005

Today one can say for sure that attempts of the IMF to make Uzbekistan more reasonable have been to no avail. 430 

Industry works, statistics count

30.03.2005

Lately everybody is saying that our economy is stably working, that production grows, and life is getting better. 388 

Torments of capitalist rookies

16.03.2005

Private investments become more and more risky nowadays. That is why requirements to the financial market participants are rising - regulators insist that each financial institution must have its own risk management and inner control systems. 403 

All quiet on the real estate market

11.03.2005

An important event seems to have happened recently: one of realtors has prepared and presented to the public the first annual review of the real estate market and his own price forecasts for 2005. 357 

Attitude towards Earth

04.03.2005

One of the most complicated problems in the agriculture is the wrong use of agricultural technologies. 402 

And now it's time for stock market

02.03.2005

Let us speak as ordinary folks. When we switch on the telly at night, Euronews, for instance, then apart from the news and cultural events, we normally see also information about stock markets. 605 

National Bank writes its own scenario

11.02.2005

Already in mid-January the head of the National Bank announced that our country had a big inflation potential and that there was a possibility of "overheating economy", therefore it was necessary to make the monetary credit policies stricter. 343 

It has fallen too low

02.02.2005

Lately astrologists and economists, alien to all mystics, are united by one and the same question: whatever's going to happen to the dollar? And neither of them can give any precise answer. 356 

Receding reserves

03.12.2004

The conditions of the resource base of the mining industry becomes an increasingly grave problem. 431 

Depreciated costs

15.11.2004

High technology projects remain the most risky enterprise for Kazakhstani businessmen. 295 

Boiling point

12.11.2004

Recently Kairat Kelimbetov, minister of economy and budget planning, has stated that a threat that the Kazakhstani economy will be "overheated" because of a significant growth of the monetary mass in the country becomes real. 452 

No use bargaining

10.11.2004

China that shows high speed of economic growth, searches for new markets for its goods. 369 

Cement works in Uralsk: to be or not to be?

15.10.2004

To be or not to be to a cement works in Uralsk? A response to this question is sought for by authorities since the Soviet times. 517 

Conversation with president about foreign debt

13.10.2004

The gross foreign debt of Kazakhstan equals 76 per cent of the GDP, per first half year results. 367 

Business angels fly away

04.10.2004

A metamorphosis of a small firm Cisco into a company Cisco Systems, leader of production of network routers and telecommunication equipment, is an example that is even more inspiring for businessmen than the philosophers' stone turning base metals into gold. 548 

Doubled inspiration

22.09.2004

The president of the country has recently declared that Kazakhstan is going to increase its GNP by three times and a half in 2015 against the GNP 2000. 343 

China as a point of reference?

17.09.2004

Feeding China is a national problem that gradually becomes a global one. According to the results of the first half-year the Celestial Empire imported much more agricultural products, than it exported. 379 

We cannot lose Russia

13.09.2004

Russia has been the chief commercial partner of Kazakhstan, holding the first place in both import and export in the last six years. 344 

Inflation as a predecessor of wealth

03.09.2004

Last August was somewhat aggressive with regard to the growth of prices, although it is quite "discreet" usually. 330 

Foul weather at cotton fields

23.08.2004

Kazakhstani cotton growers can well speak about a disastrous state of affairs with the climate in South Kazakhstan. 367 

Which course are you following, sirs?

20.08.2004

A couple of weeks ago the US dollar started its slow, but confident ascent. Which factors have influenced its behaviour and for how long is this long awaited event going to last? 338 

Growth disease

30.07.2004

The economy of Kazakhstan has grown by 9 per cent in the first half year. It seems that the most optimistic predictions of local experts about the development of our country in this year come true. The pessimism of several financial institutions is not justified in practice, but the country has to diversify its economy - not only because of their recommendations, but on its own volition. 303 

Alcohol rivers to flow in Uralsk

09.07.2004

The construction of an alcohol distillery in Uralsk, which has been baptised the construction of the century, can be finally completed this year. 361 

Declarations and the objective reality

05.07.2004

Starting the implementation of the industrial-innovative programme, the first thing that the government did was preparing a programme of actions. 433 

"Babies" against oligarchy

02.06.2004

It is impossible to ignore the construction boom in different towns of the republic. Although one sees mainly elite houses, comfortable multi-storey buildings and cottages, unaffordable for an average Kazakhstani, common houses, shops, and roads are also being built up. 329 

Taming of the shrew monopolists

31.05.2004

It is already more than one year that there are disputes between "Almaty Power Consolidated" JSC and the Agency for Regulating Natural Monopolies and Protecting Competition (ARNMPC). 358 

Unused potential

23.04.2004

It is well-known that Turkish commodities make a significant part in the import on the Kazakhstani market. 361 

Towards energy independence

16.04.2004

The energy independence of West Kazakhstan oblast from the united energy networks of Russia ("UEN of Russia" RJSC) can be reached with the help of another overseas energy magnate - the Japanese "Tohoku Electric Power". 379 

To protect the consumer

05.04.2004

The consumerism (international definition for the protection of consumer rights) during the half century of its existence has shown that the best way to protect fair competition lies in applying efficient mechanisms of their rights protection by consumers themselves. 356 

Shall we escape the "Dutch disease"?

31.03.2004

Sceptics who were predicting "bright future" for Kazakhstan only in the nearest two or three decades, until our hydrocarbon resources are required on the world market, have lost. 1878 

Does leasing resolve all problems?

19.03.2004

Another foreign word is becoming firmly rooted in the vocabulary of the business circles of our republic. It has come here fairly recently, but somewhat uncertain and unconvincing. 455 

In the labyrinths of modernisation

18.02.2004

The programme of industrial-innovative development of Kazakhstan, adopted by the government, is, in its essence, an attempt of radical modernisation of the country economy, an attempt to get away from "oil" money and the infamous "Dutch disease", to teach the economy how to survive in the conditions of harsh competition on the world market. 586 

Neither their meat, nor our bread!

02.02.2004

What we can love our ministers for is their clarity. Until they say something, all - journalists, experts, and simply observers - all wander in the darkness of presuppositions and versions. And if a head of some state authority says something, all becomes clear right away. 316 

Lack of attention towards the main thing

30.01.2004

During the last few years, after the stabilisation of economic situation in the country due to incomes from high oil prices, a problem of search for such areas of economy, which would be able to give Kazakhstan a possibility to become less dependant on the export of raw materials, has become relevant. 320 

Our streams of gold...

28.01.2004

A round table, dedicated to problems of the market of precious metals took place in Almaty recently. 356 

Stanzas about finances

16.01.2004

2003 was surprisingly "unyielding". Many of the forecasts that were made in its beginning have not come true. 294 

Crisis instead of consortium

12.12.2003

Bad news came last week unexpectedly as a thunder on clear, although winter, skies - the forthcoming winter can very difficult for the South of Kazakhstan with regard to electric power supply. 270 

Changing course

28.11.2003

International financial organisations are paying more and more attention to Kazakhstan and Central Asia in general. 582 

The space will help us

31.10.2003

What will support the economy of Kazakhstan, when oil reserves in the republic are about to finish? What will the biggest part of labouring population occupy itself with? 475 

What's next about friendship..?

30.09.2003

Kazakhstani raw materials continue to flow to China. All or nearly all economists, at least those who are not engaged politically, say that the Kazakhstani economy depends on the export of raw materials too much. 316 

You reap what you sow

17.09.2003

Russian agricultural equipment producers are trying to get hold of Kazakhstani market. A specially created for that purpose company "Agromashholding" aspires to renew our fleet of agricultural machines in the recent few years. 340 

Tax burden

15.09.2003

A relief from the tax burden, about which the people dreams traditionally, and about which businessmen are afraid to even think, must take place in Kazakhstan as from 1 January, 2004. 324 

Economic growth in Central Asia

05.09.2003

A growth in the economic development is observed in the last three years in the majority of CIS countries. Of course, in some countries the economy is developing reaching international standards, in others - it only tries to get to the level of the 1990s. 415 

No sea, no good…

03.09.2003

They tried to resolve problems of the countries not having an access to sea in Almaty. 286 

Struggles for bread

29.08.2003

There are struggles for harvest in Kazakhstan, literally. The forecasted big grain harvest does not leave anyone in peace. Everybody from a simple peasant to high rank officials and even people who are quite outside of the agriculture rush to exploit the situation. The current harvest promises millions and even billions. 353 

Economic forecasts

01.08.2003

They say that making forecasts is no good business. But even serious state authorities do it. They forecast not only the weather, but also things that are much more serious: for instance, the inflation or the GDP. 336 

Contradictory tendencies in transport

30.07.2003

The Kazakhstani transport area goes through some hard times – on the one hand a sure growth, on the other hand remaining problems, whose beginning has a long history. 317 

Forecasts and threats

07.07.2003

According to the preliminary forecasts of the Ministry of Agriculture, published recently, the current harvest of grain this autumn is unlikely to exceed the last year record and it will make 12-12.5 million tons. It is not a bad result, if we consider that the spring this year was long, cold and the sowing campaign was protracted by two weeks in average. But the weather made a gift: during the growth of corn in the majority of grain sowing regions rains fell at the right time and the plants got strength. If we are lucky in July one or two good rains will fall and then warm summer weather will settle, in this case, grain growers believe, a good harvest can be expected. 308 

Will Europe open its markets?

25.06.2003

The European Union is ready to develop its dialogue with Kazakhstan. Politicians and diplomats from Western countries at last realised that the heart of Central Asia - Kazakhstan - represents a grand interest as a country of big resources and big possibilities. However, the political interests must always be economically supported. 307 

A cobweb of alternatives

16.06.2003

An active development of oil production in Kazakhstan that has become the main "locomotive" of the whole Kazakhstani economy, makes the problem of hydrocarbons export to the international markets more acute for the state. 332 

Unrealised ideas passional

28.05.2003

These days two events seemingly unrelated between each other, but actually related very closely, took place. The first event was the round table, dedicated to Kazakhstani mechanical engineering through the participation of national enterprises in the oil production projects supply. 320 

SARS vs. the consumption market

16.05.2003

To prevent oneself from disease is only a half of the whole business… Due to the fact that the dispersal of SARS in China fails to be taken under control, Kazakhstan had to close its border with this country following Russia. 331 

Professional agricultural management

14.05.2003

It's a paradox, but still a fact: the state in the recent years is quite generous with subsidies for cattle-breeders and grain-growers. Sometimes there is more money allocated, than the agricultural workers and "contractors" can handle. 390 

Strange arithmetics

18.04.2003

Our economy, confidently following its course, can suddenly take a list. But, it appears that the "reefs" in the form of costs and an inefficient usage of funds from the State budget are not so deadly for it. 379 

Currency for the penniless

11.04.2003

The issue of single currency occupies the minds of economists and politicians. The statement, made a little more than a month ago in Moscow, now takes a concrete shape. And although there are at least 8 years until the "х" hour, passions around the future unitary currency are already heated. 422 

Remembering Paracelsus

09.04.2003

The future of pharmaceutical industry seems to be obscure. The industrial growth of the last years in Kazakhstan influenced various industries in various degree. If mechanical engineering and food industry did show good results for some time, the same cannot be said about medical and pharmaceutical industry. 274 

And the money flow past

27.03.2003

Kazakhstani companies must consolidate in their struggle for large investments. 279 

On land ownership again

03.03.2003

The discussions around the private property on agricultural land have a long history. The introduction of private property must be the final result of passing the Land code, the draft of which is currently reviewed by the parliament. 304 

Tractor's insistence

19.02.2003

... is needed for Kazakhstan to enter the foreign markets of agricultural equipment. 317 

Capital outflow

05.02.2003

Ministers of finance of European Union countries, worried about the outburst of terrorism and a weakening bank control over financial flows, decided to cancel the bank secrecy and in due time to abolish all anonymous accounts. 374 

Southern threat

03.02.2003

Economic reforms in Uzbekistan can complicate the situation in the Southern regions of Kazakhstan. The situation on the border between Kazakhstan and Uzbekistan attracts more and more attention, because it is the first time that the Republic has encountered such a lasting and unpleasant problem. 237 

Out of the shadows

15.01.2003

In Russia in the nearest future a war will be declared to "black" and "grey" treasuries, through which the salaries are being paid in cash. 332 

Industrialisation

08.11.2002

Quite soon Kazakhstan will enter a new era of its development. For the first time an industrial policy will be accepted in our country. And that shows the maturity of the State authority, its capacity, or rather, its wish to advance the industry a step further. 335 

Obsolete carriages

30.10.2002

Ageing of carriage and locomotive park on the railway has become a big economic problem. 274 

These dusty roads

22.10.2002

The condition of the existing roads network in the country requires much more attention than it has currently. 328 

Unsafe railway

21.10.2002

The safety of railway shipments is becoming a serious problem. There is a famous aphorism that the roads, motorways as well as railways, are veins and arteries of the economy. Hence it can be said that the condition of Kazakhstani economy demands an increased attention - its "arteries" are not quite all right. 338 

Transit potential

10.10.2002

In August and September of this year the events took place at the Far East, which at a first glance don't have anything to do with Kazakhstan, but actually can influence the interests of one of the most important economic areas - transport. 294 

Gold streams

09.10.2002

Along with oil, copper, chromite and iron ores gold is one of the main natural wealths of Kazakhstan. 353 

Tree by tree

25.09.2002

At first sight, such production and economic notions as "furniture", "woodworking" industry and Kazakhstan have very little in common. It is known that the Republic, to say the least, is not rich with the industrial wood reserves, and without a serious raw material base, it would seem, there's no serious production. 319 

Aluminium industry today

24.09.2002

Metal industry, which traditionally was one of the bases of Kazakhstani economy, currently takes an especial significance: oscillations of oil prices on the world markets must be somehow compensated for the sake of stability of economy and the metal industry is exactly the area, Kazakhstan should count for the development of. 379 

Our mineral wealth

23.09.2002

Ten-twelve years ago, right before the collapse of the USSR or soon after that, in Kazakhstani mass media the discussions on the bases for the independent economy were popular. It wasn't talked too much about oil, but various mineral resources, with which the Republic's subsurface is rich were remembered quite often. Very often one phrase was repeated at various levels, in one or another interpretation: "We've got the whole Mendeleyev's table!". 418 

Grain crisis

20.09.2002

The last harvest was not needed. Peasants sound alarm. The situation at the grain purchase market in Kazakhstan is not favourable for the agricultural producers for the second year already. 346 

Privatising Kyrgyzstan

17.09.2002

What the idle analysts and clever political scientists used to talk about started little by large materialising in our almost native Kyrgyzstan. One of the largest banks of our country bought one of the largest banks of the neighbouring country. Vast economic expansion against our Kyrgyz brothers has started… 326 

How many roads...

04.09.2002

History of the roads construction area during the years of independence of Kazakhstan is one of the most dramatic pages in the development of the whole transport area. During the ten years, this area experienced a complete collapse of any interest towards itself, having nearly degraded as a system, and then another outburst of interest and hope of large scale resurrection. 371 

Import substitution a la Kazakh

22.08.2002

All Kazakhstani companies that are worth anything rushed to Karachaganak as one. Gas condensate field in West Kazakhstan became a certain panacea for the national commodity producers. Each one tries to sell his production here starting from mineral water, bread and ending with pipes and furnaces. And the news that Karachaganak Integrated Organisation is heading Import Substitution Committee by Kazakhstan Petroleum Association (KPA) encouraged our enterprising people even more. Anyway foreigners will have to play according to the rules and seek Kazakhstani enterprises cooperation. 398 

Cardan killing roads

20.08.2002

They talk a lot about the condition of the national roads, but to no avail. In the offices of various height, at the open and closed meetings. The bureaucrats kiss their chairs good bye, but still only 25 per cent of transport "veins" of the Republic only approximately correspond with the standards. The rest is death for the cardan shaft. 365 

Fight against inflation

19.08.2002

It seems that an unprecedented fight against inflation started in the country. Not only the chief banker of the country, Grigorij Marchenko thinks about the improvement of this market category, but also … heads of oblast and district administrations. 294 

US arms for RK

13.08.2002

In the nearest future Kazakhstani army will be armed not with anything, but with the real Brownings and other weapons used in America itself, formerly the enemy No.1 of the Soviet Union, with which it had to compete during the long years of the Cold War. There is nothing permanent in this world, it all changes and today the chiefs of the Ministry of Defence of Kazakhstan are completely serious about purchasing military helicopters and off-highway trucks from the USA for the needs of the Military Forces of the Republic as per the programs of the MF of USA. 348 

What's up with tourism

09.08.2002

Only the extreme-luvvies, coming to Kazakhstan once, would like to return back again. We've got something to tickle their nerves - unimaginable roads, raped Nature, rude service workers. We can't offer other exotics or historical monuments. 465 

WTO prospects and problems

31.07.2002

The advancing globalisation process embraces more or less all parts of political, social and economic life today, forming a new perception of the notion of the "world community", as a unitary complicated system of contradictions, clashing and reaching accord. 1096 

New problems of the oil production at the Caspian Sea

26.07.2002

Not long ago Kazakhstani mass media reported about the beginning of the project of the associated gas re-injection at Tenghiz oil field. 338 

Some electrical power problems in Russia and Kazakhstan

09.07.2002

Not more than a year ago the Russian government took a decision on reforming the electrical power complex of the country. Today, despite the problems and difficulties, changes in this sectoin of Russian economics are developing. Actually, there is a necessity of the reform, not only in Russia, but also in Kazakhstan. The development of the market economics requires a creation of the appropriate opportunities for the normal functioning of the electrical power complex, which suggests, first of all, a division of the companies of this area into types of activities and an introduction of competition on the wholesale market of electric power. 611 

Investment climate in Kazakhstan

02.07.2002

According to Kazakhstani government, the country's investment potential is "unlimited". If at the beginning of the 1990-s the republic was associated with the "huge" hydrocarbon resources, metals, today, considering the industrial growth and development, the government prepared a new list of priorities in the provision of the state investment support measures, in particular export orientation, import substitution, environment, productive and social structures. With this purpose, the state actively tries to bring the current legislation into order. 529 

Shall we treat them with this stuff?

27.06.2002

Kazakhstan casts its glances at the world market with an increasing interest. In particular, at the cattle breeding production market. Nevertheless, the officials do not worry too much about the safety of their own country. 398 

Where the transit will flow?

26.06.2002

At the recent summit of countries participating in Shanghai Organisation of Cooperation (ShOC) in Saint Petersburg it was decided that this autumn in Bihkek the first meeting of ministers of transport of the states participating in this international structure will take place. Thus the ideas of transit transcontinental flows that the new independent states of Central Asia seek to realise for the last ten years receive their development on a new political level. 352 

Say No to Foreign Cars?

20.05.2002

They resumed talking about the national car building in Kazakhstan. It was announced that in the 3rd quarter of 2002 an assembly of Ladas and spare parts from Togliatti would be launched at Ust-Kamenogorsk. 437 

Inactive Rapid State Income Source

06.05.2002

Kazakhstani economics major problem lies in its fatal reliance on the commodities exports, and it-s a well-known fact. Intricacy of the situation does not boil down to this reliance alone (a number of countries exist by means of selling their irrevocable resources), the complexity is that due to high production costs the RK exports depends on the world market volatility more than many other states. As the oil and metals prices slump, our economy gets heated. How could this reliance be halted? 255 

Investor Class

01.02.2002

For ten years of independence our country received substantial investment, and also a number of lessons from investors. One learns from mistakes, and before the tenth anniversary of independence RK president Nursultan Nazarbayev stated, that republic's relations with investors would change to secure more of Kazakhstani interests rather than those of overseas businessmen. 283 

Where the Pipe Leads?

15.12.2001

The latest developments in the Trans Asian region may not only affect the balance of forces here, but also change a direction of the infrastructure projects. Theoretically a map of the future oil and gas pipelines, as well as of the transcontinental roads, may be reversed by 180 degrees. 278 

A Gas Deadlock

28.10.2001

For the first time throughout Karachaganak gas condensate field history a crisis situation built up here. For two months in a row the field does not produce gas condensate. A GP-3 gas processing station has been idle since early September. Karachaganak integrated organization (KIO) management firstly justified it by saying they carried out the filed prophylactics. Later on, as it became clear "the prophylactics" are delayed, they had to admit the production had been halted due to taxation problems. In particular, Kuat Dombay, KIO PR manager told us the production halt is linked with a lack of gas supply contracts from KIO due to a double taxation. Dombay also stressed, that all other procedures at the field are executed in accordance with the plan. He obviously meant a processing complex construction and a KTK-adjoining Karachaganak-Atyrau pipeline. 367