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Kazakhstan

14.05.2017

The “Energy of the Future” Forum will become the main event of the business program of the forthcoming specialized international exhibition EXPO-2017, which will be held in Astana in summer 2017. Within its framework, 12 thematic conferences will be held during the whole period of the exhibition. They will become a global platform where the forum participants will discuss the reduction of carbon dioxide emissions, the introduction of energy-efficient technologies, as well as the provision of mass access to sustainable energy.

 

13.05.2017

In 2019, plans are afoot in Kazakhstan to privatize three major national companies: the air carrier Air Astana, the oil company KazMunaiGas, and the uranium company Kazatomprom. Minister of Finance of the Republic Bakhyt Sultanov reported the news on the sidelines of the annual meeting of the European Bank for Development and Reconstruction held in Cyprus. According to him, the shares held by the companies will be sold through IPO (initial public offering).

 

13.05.2017

On May 11, the Kazakh parliament held a regular plenary session and approved a loan agreement on $80 million, which will be provided to the republic by the International Bank for Reconstruction and Development. The relevant document was signed by the parties in Astana on November 1, 2016. As indicated therein, the loan completion date is June 30, 2021, while the interest rate is 2.3 percent. The repayment term is 15 years, including a five-year grace period. The total service costs will amount to $12.35 million.

 

12.05.2017

In 2016, the greatest volumes of tea products were imported to Kazakhstan from Kenya: a total of about 12,500 tons or $45.5 million in monetary terms. According to the Statistics Committee of the Ministry of National Economy of the Republic, India ranked second in the list of tea suppliers with a result of $38.8 million (11,300 tons). The last in the top three leaders in terms of tea supplies was Russia, from where Kazakhstan imported 3,500 tons of tea worth $19.9 million.

 

12.05.2017

The lower chamber of the Kazakh parliament (Majilis) has approved the ratification of the agreement for a loan of $240.3 million that was signed earlier with the Asian Development Bank. The document was signed in Astana on December 7, 2016. In accordance with it, the ADB shall provide Kazakhstan with a loan for the purpose of reconstruction of the two-lane road with a length of about 299 kilometers, connecting the settlements of Aktobe and Makat.

11.05.2017

All provinces of Kazakhstan hosted events related to the celebration of the Victory Day, including honoring the veterans of the Great Patriotic War. Their start was given by President of Kazakhstan Nursultan Nazarbayev, who took part in the solemn ceremony of laying flowers at the monument “Otan Korgaushylar” (Defenders of the Fatherland). The leader of the country stressed the fateful role of the Victory in the history of the republic, stressing that it was achieved thanks to the unity of the people.

 

10.05.2017

On May 7, Astana witnessed a military parade dedicated to the 72nd anniversary of the Victory in the Great Patriotic War and the 25th anniversary of the formation of the Armed Forces of Kazakhstan. It became the most ambitious and spectacular event of its kind in the history of the republic's independence. The parade took place on the square in front of the “Cossack Eli” monument. It was participated by over 5,000 servicemen, about 300 units of various military equipment and weapons, as well as more than 70 aircraft and helicopters of military aviation.

 

09.05.2017

Kazakhstan's state program “Nurly Zhol” envisages implementation of 23 projects worth KZT1.7 trillion in the road sector in 2017-2019. Minister for Investments and Development Zhenis Kasymbek reported this information during the government press conference held on May 5. According to him, the construction and reconstruction of highways in the country will involve about 100,000 people who will perform the necessary works on 4,400 kilometers of transport routes.

 

By the end of 2017, 602 kilometers of motorways will be commissioned in Kazakhstan.

09.05.2017

In 2017, Kazakhstan plans to implement over 100 projects within the Industrialization Map. Their total cost is about KZT700 billion. These projects will create 10,000 new jobs. Minister of Investments and Development Zhenis Kasymbek voiced the figures during the recent press conference at the Government House of the Republic. According to him, the projects of the Industrialization Map make a significant contribution to the development of industry in the republic.

09.05.2017

The capital of Kazakhstan has hosted the third national championship Worldskills Kazakhstan 2017. As of today, it has been completed; the winners have received medals and diplomas. The competition of professional skills was participated by about 300 young professionals who arrived from all regions of the country. The winners of the regional championships competed for four days at the Korme exhibition center, demonstrating their skills to the jury.