BUSINESS NEWS — Kazakh Ambassador Nurlan Danenov delivered a speech on the most important socio-economic achievements of Kazakhstan for 20 years. He called on the Portuguese companies to participate in Kazakhstan’s industrial innovative projects. Leadership of the Portuguese Industrial Association and Portuguese Agency for Foreign Trade and Investment expressed interest in establishing long-term relations between [...]
BUSINESS NEWS — After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell and their partners have yet to sell a drop of oil from what was touted as the world’s biggest discovery in four decades. Centered on a man-made island 44 miles from Kazakhstan’s coast, the Kashagan project is just [...]
BUSINESS NEWS — Kazakhstan wishes to reach a new level of cooperation with German companies in the area of mining and treatment of nickel, chromium, tungsten, molybdenum, coking coal and to organize the modern enterprise producing products with high added value, creating a hundred new jobs. National Export and Investment Agency KAZNEX INVEST in cooperation [...]
BUSINESS NEWS — Kazakhstan expects the second phase of its giant Kashagan oilfield to be launched by 2018 or 2019, with first oil now expected in June 2013, the vice oil and gas minister said on Wednesday. The start of the Kashagan project in the Caspian Sea, the biggest oil discovery since the 1960s, has [...]
BUSINESS NEWS — Kazakh Ambassador Nurlan Danenov delivered a speech on the most important socio-economic achievements of Kazakhstan for 20 years. He called on the Portuguese companies to participate in Kazakhstan’s industrial innovative projects. Leadership of the Portuguese Industrial Association and Portuguese Agency for Foreign Trade and Investment expressed interest in establishing long-term relations between [...]
BUSINESS NEWS — After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell and their partners have yet to sell a drop of oil from what was touted as the world’s biggest discovery in four decades. Centered on a man-made island 44 miles from Kazakhstan’s coast, the Kashagan project is just [...]
BUSINESS NEWS — Kazakhstan wishes to reach a new level of cooperation with German companies in the area of mining and treatment of nickel, chromium, tungsten, molybdenum, coking coal and to organize the modern enterprise producing products with high added value, creating a hundred new jobs. National Export and Investment Agency KAZNEX INVEST in cooperation [...]
INTERVIEW — On the threshold of the state visit of Kazakh President Nursultan Nazarbayev to Vietnam Kazinform had an interview with President of Vietnam Truong Tan Sang. What is the agenda for the Nazarbayev’s visit to Vietnam? Is it planned to sign any documents? The first visit of Kazakh President Nursultan Nazarbayev to Vietnam opens [...]
BUSINESS NEWS — Today the Internet becomes a new driver at the telecommunication market in Kazakhstan, which actively moves the mobile communications from their positions. So, it was natural that in addition to the growth of quantitative and qualitative indicators of Kaznet, now we are observing the growing number of various disputes and conflicts, concerning [...]
BUSINESS NEWS — Duke University’s Fuqua School of Business has announced a partnership with the business school at Nazarbayev University in Astana, Kazakhstan. The first M.B.A. program is expected to begin in September. While the Fuqua school will be providing teaching staff, degrees will granted by Nazarbayev. Although President Nursultan Nazarbayev’s government has been criticized [...]
SCIENCE — The Russian space agency Roskosmos said Kazakhstan has lifted the moratorium on test-launches of Russian Inter-Continental Ballistic Missiles (ICBM) from the Baikonur Space Centre. The moratorium was imposed in 2009 in line with the Kazakh government’s plans to make Baikonur a purely commercial space launch facility. “Now that the ban has been lifted, [...]
BUSINESS NEWS — Kazkommertsbank has received a third KZT19.3 billion ($130 million) tranche of government funding to finance stalled construction projects in Astana and Almaty, the bank said in a statement on Thursday. The funds will be used to fund residential construction by Global Building Contract (GBC), a joint venture between the state-owned holding and [...]
COMPANY NEWS — Kazakhstan’s Kazatomprom and Japan’s Toshiba Corp. have established a joint venture to produce and market rare earth elements, Toshiba said in a statement on Thursday. Toshiba and Kazatomprom reached a basic agreement on establishing a JV in rare metals including rare earth elements in June 2010. The JV has now received all [...]
INTERVIEW — The First vice-minister of industry and new technologies of the RK Mr. Albert Rau answers few questions. What is the role of the Mining and Metallurgy Sector in the FIID Program? As you know the main economic program initiated by the President of Kazakhstan is the Program of the Forced Industrial and Innovative [...]
BUSINESS OPPORTUNITY – Mega Plaza Movie Theatre Bowling & Nightclub For Sale in Kazakhstan. Business description “EURASIA” – a mega plaza offering fun and entertainment for children and adults. It is the only place in the city of Taraz, Kazakhstan, with the infrastructure that can bring together thousands of people every day. Here is the list of entertainment services [...]
BUSINESS NEWS — Kazakhstan harvested 18.3 million metric tonnes of grain as of September 19 on 11.6 million hectares, or 71.9% of the total area to be harvested, with the average yield of 1.57 tons a hectare, the Agriculture Ministry reported. Citing very favorable conditions, Minister of Agriculture Asylzhan Mamytbekov predicted that Kazakhstan could achieve [...]
BUSINESS NEWS — Polish pharmaceutical company Polpharma is reportedly close to buying a majority stake in Chimpharm, one of Kazakhstan’s largest pharmaceutical producer, according to Polish business media. The two companies plan to sign the deal on September 20, Polish Puls Biznesu business daily reported last week. Chimpharm’s products are marketed in Kazakhstan under the [...]
BUSINESS NEWS — Russia’s second largest oil company Lukoil has no interest in participating in the development of the giant Kashagan offshore field in the Kazakh sector of the Caspian Sea, the company’s president told journalists last week. “We looked at the project in the beginning. It is very interesting from the technological point of [...]
BUSINESS NEWS — China, the world’s biggest energy user, signed an accord with Kazakhstan to expand the capacity of a pipeline network delivering natural gas from Central Asia by more than 80 percent. The two governments agreed to build the Kazakh section of Pipeline “C” that will originate from Turkmenistan and cut through Uzbekistan, China [...]
DOMESTIC NEWS — Kazakhstan’s law-enforcers had a busy summer: it began with the country’s first ever suicide bombing in May, and continued with sporadic deadly clashes between security forces and armed suspects. Officials at first resisted linking the incidents to terrorists. But now, after months of denials, authorities are acknowledging an extremist threat, primarily in [...]
DOMESTIC NEWS — In today’s society “Big Brother” is always watching you, now also in Kazakhstan. Is there no privacy left in this world anymore? Kazakhstan is considering imposing rules that will force internet cafes to monitor their customers use of the web, just as rights groups accuse the ex-Soviet state of excessive cyberspace censorship. The potential [...]
ENTERTAINMENT — Famous Kazakh rapper Takezhan Oteghaliev has been pressured into canceling a concert in support of striking oil workers in western Kazakhstan. Takezhan told RFE/RL the concert was to have been held on August 27 at the Zhuldyz restaurant in Almaty. But on August 26 the restaurant’s management urged him to cancel it and [...]
BUSINESS NEWS — South Korean President Lee Myung-bak is currently visiting Kazakhstan. In one result of Lee’s visit, South Korea and Kazakhstan have signed agreements for two $4 billion projects to build a thermal power plant and a petrochemical complex in the Central Asian nation. Under the terms of an inter-government agreement signed during President [...]
BUSINESS NEWS — Kazakhstan is the largest oil producer in Central Asia. Now the country plans to retain its crude export duty at a maximum $40 per tonne until at least 2014, Finance Minister Bolat Zhamishev said yesterday. “The issue of raising the export tariff will not be examined within the three-year budget,” Zhamishev told [...]
BUSINESS NEWS — It’s no secret that the Caucasus and Central Asia are inhospitable places for free speech and independent journalism. But a recent survey by IREX, an international organization that promotes civil society, found even countries that experienced so-called “color” revolutions have been unable to produce lasting, positive changes in their respective media environments. [...]
COMPANY NEWS — Fluor Corporation announced that it has been awarded a contract by Chevron Neftegaz—one of three project managers engaged by the Caspian Pipeline Consortium—for its recently announced expansion project. Fluor will provide project services for the marine terminal and supervisory control and data system (SCADA) portions of the Caspian Pipeline Expansion project. The [...]
TECHNOLOGY NEWS — Kazakhstan’s first laboratory on open-source cloudy computing research opened Tuesday in the International University of Information Technologies in the Kazakh South capital Almaty. The laboratory is the result of a joint initiative of Kazakh IT giant Zerde, Chinese telecommunications company Huawei and the International University of Information Technology (IUIT). According to the [...]
ENVIRONMENTAL NEWS — A Protocol Concerning Regional Preparedness, Response and Cooperation in Combating Oil Pollution Incidents was signed by official representatives of the Caspian littoral states in Aktau (formerly Shevchenko) the day before, ITAR TASS reported. The third session of the Framework Convention for the Protection of the Marine Environment of the Caspian Sea (Tehran [...]
CENTRAL ASIA NEWS – Armenia will participate in the third (final) stage of joint exercises of the CIS member states’ anti-aircraft defense troops, Armenian Defense Ministry Spokesperson David Karapetyan told ArmInfo. “The third stage of exercises including 2 episodes will be held at the firing range of Ashuluk in Astrakhan region from September 6 to [...]
To walk around Atyrau, on Kazakhstan’s Caspian Sea shore 1,000 miles west of the capital, Astana, is to see a tale of two cities. As the center of the country’s booming oil and natural gas industry, Atyrau boasts spotless glass-and-steel corporate offices, sushi restaurants, and five-star hotels. But in their shadow—literally, in some cases—is another [...]
BUSINESS NEWS — According to Telecompaper, Vimpelcom-owned Kazakh cellco KaR-Tel, which operates under the Beeline brand, has extended its burgeoning fibre-to-the-building (FTTB) network to Ust-Kamenogorsk (also known as Oskemen), the capital of the East Kazakhstan province. The city is probably best known as the location of a notorious uranium factory explosion in 1990, which resulted [...]
DOMESTIC NEWS — The EU Project to support women with disabilities in Kazakhstan comes to its end. In this light, Concluding Workshop on Effective Management will be held in Atyrau and Astana on August 8 and 9, the EU Delegation to Kazakhstan press-service report. The two-day workshops on effective management and leadership for heads and [...]
INTERVIEW — Like in Russia, the main task of economic policy in Kazakhstan over the next five years will be the wide-scale privatization of state companies. Kayrat Kelimbetov, Kazakhstan’s minister for economic development and trade and one of the key economists in President Nursultan Nazarbayev’s team, spoke to Kommersant about how Astana intended to avoid [...]
KAZAKHSTAN – CULTURE NEWS The parents of some 1,200 students in the central Kazakh town of Temirtau have until September to find another school — that is, if they want to continue their studies in their first language, Russian. Their former schools — Temirtau’s Russian lyceum No. 9 and the Russian-Kazakh school No. 16 — [...]
WORLD NEWS — If you were seeking endorsement of Iran’s economic policies, the International Monetary Fund (IMF) hardly seems like the ideal reference point. Read full article (For subscribers and company members only.) Subscribe now, global access from 4,90 €/month Become a Company member, submit your company releases from 19,75 €/month
TRAVEL NEWS — Air Astana, the national carrier of Kazakhstan, has awarded a multi-year power-by-the-hour contract for its growing fleet of Airbus A320 family aircraft to world leading component support specialist A J Walter Aviation. At the same time Air Astana has also extended its B757/767 PBH support agreement with AJW. Read full article (For [...]
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