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Kazakhstan

24.05.2017

According to the results of Q1 2017, Kazakhstan demonstrates a negative trend in terms of profitability of enterprises related to the real sector of the national economy. This follows from the sectoral market report published by the National Bank of the Republic and compiled on the basis of the nine indicators in the sphere of manufacturing and extractive industries, trade, construction, transport and warehousing. So, the extractive enterprises demonstrate the tendency of worsening of the crediting conditions for fixed and current assets.

24.05.2017

A part of the industrial zones of Kazakhstan can be transferred to the management of companies from the United Arab Emirates. Minister for Investments and Development of the country Zhenis Kasymbek made this statement during the Kazakh-UAE business forum held on May 22. According to him, the Kazakh side is primarily interested in the huge experience of the UAE in the development of similar industrial zones. “We already have 10 special economic zones and 20 industrial zones.

24.05.2017

In Kazakhstan, the project for management of wellhead pressure at the Tengiz oil and gas field and designing of a third-generation plant is 60 percent complete. According to the press service of “Tengizchevroil,” simultaneously with the design of third-generation facilities, work is also underway to build the appropriate infrastructure at the Tengiz field, as well as at the sites related to the cargo transportation route.

 

24.05.2017

The first batch of IVECO BUS vehicles has been delivered to the capital of Kazakhstan within the framework of the previously concluded contract for 210 buses of the brands Urbanway Hybrid and Urbanway. These buses will be on the routes during the Expo 2017 exhibition, bringing the total number of IVECO vehicles in the public transport system of Astana to 570 units. Worth recalling, IVECO BUS is one of the leaders in alternative-fuel passenger public transport in the European market.

23.05.2017

In Astana, all the necessary measures have been taken to ensure the proper level of transport accessibility during the time of conduct of the International Expo Expo 2017. Deputy Minister for Investments Roman Sklyar delivered the relevant report at a press conference on May 19. According to him, during the work of the Exhibition, a number of international companies will carry out additional flights. The relevant agreements have already been reached on this topic.

 

22.05.2017

The Civil Service and Anti-Corruption Agency of Kazakhstan published the National Report on Combating Bribery and Corruption in 2016. According to the document, the number of persons convicted of corruption crimes amounted to 910 people, of whom 520 people were employees of the central state bodies, 238 people were local executive bodies, and 152 people were state officials. Of the employees of the central state bodies that committed corruption crimes, the majority were employees of the Ministry of Internal Affairs (309 people) and the Ministry of Finance (58 people).

 

22.05.2017

On May 19, the Kazakh city of Shymkent hosted the Coordination Council of Kazatomprom. The event was attended by managers and specialists of IT departments related to its subsidiaries. The main topics reviewed by the council were the tasks of accelerated technological modernization, especially the introduction of robotics and digital technologies at the enterprises for uranium production.

21.05.2017

On May 18, Minister of Finance of Kazakhstan Bakhyt Sultanov presented the government report on the 2016 republican budget execution to the deputies of the lower house of the national parliament (Majilis). He specified the key indicators characterizing the 2016 budget execution: in particular, the fact that the revenue surpassed the 2015 result by KZT1.78 trillion or 30.8 percent. As for the expenditures, they also increased by KZT1.338 trillion or 18.6 percent in comparison with 2015.

 

21.05.2017

In the period 2005-2016, the total volume of foreign direct investment attracted to Kazakhstan amounted to approximately $242 billion. In 2016 alone, their volume was $20.6 billion. Minister of Foreign Affairs Kairat Abdrakhmanov reported the figures during the press conference in Astana on May 18. According to him, more than 300 investment, trade and economic events were held abroad in 2016.

 

21.05.2017

The head of the Ministry of Energy of Kazakhstan, Kanat Bozumbayev, specified the forecasts of oil production at the three largest fields of the republic: the Kashagan, the Tengiz, and the Karachaganak. He did this while delivering a speech at the meeting of the public council under the energy department. This year, Kazakhstan's largest field, the Kashagan, will produce about 5 million tons of oil and up to 3.1 billion cubic meters of gas.