The shift to a single time zone has negatively impacted businesses, causing distress among entrepreneurs.
The first to be affected were cafes, restaurants, bars, beauty salons, and fitness centers.
09:31, 20 Dec|Economy
A Chinese company is investing in the construction of a wheat processing facility in the Akmolinsk region.
The investment amount for the initial phase will range from $500 million to $800 million.
09:32, 19 Dec|Economy
Kazakhstan has reaffirmed its commitment to the OPEC+ agreement for the year 2025.
Astana, December 19. KAZAKHSTAN TODAY - Kazakhstan reaffirms its commitment to the OPEC+ agreement for 2025, as reported by the Ministry of Energy of the Republic of Kazakhstan.
09:32, 19 Dec|Economy
In 2024, 58.3 billion tenge was allocated for energy sector projects.
These funds are allocated for the implementation of 14 projects: 6 related to heat supply and 8 focused on electricity supply.
09:32, 19 Dec|Economy
In Kazakhstan, oil production reached 80.5 million tons over 11 months.
It is anticipated that by the end of 2024, the volume of oil processing will rise to 17.9 million tons.
09:31, 19 Dec|Economy
Kazakhstan is set to establish a fund of funds for venture investments.
The venture capital fund of funds aims to attract $1 billion in private investments in the medium term.
09:31, 19 Dec|Economy
Senators have ratified the free trade agreement between the EAEU, Iran, and Singapore.
According to the results of the previous year, the bilateral trade volume between Kazakhstan and Iran reached 303 million US dollars.
09:31, 19 Dec|Economy
Kazakhstan's trade turnover with EAEU countries decreased by 1% over the year.
In the first ten months of the current year, the trade turnover reached 24,080.3 million US dollars.
09:31, 19 Dec|Economy
A subsidiary of Rosatom is selling stakes in uranium deposits located in Kazakhstan.
Uranium One Group JSC is divesting a 30% stake in the authorized capital of LLP "SP Khorgos-U."
09:32, 18 Dec|Economy
The ADB and the World Bank are investing $1.3 billion in the Middle Corridor project.
The project aims to enhance the management of the road sector along one of the key trade routes in Central Asia.
09:32, 18 Dec|Economy
The Ministry of Energy explained the decrease in oil production levels in Kazakhstan.
The decrease in production was influenced by unscheduled shutdowns at the Karachaganak field and restrictions on gas intake at the Orenburg Gas Processing Plant.
09:32, 18 Dec|Economy
The Ministry of National Economy commented on experts' forecasts regarding the rise in the dollar exchange rate.
According to financial analysts' forecasts, the exchange rate of the US dollar may rise to 545 tenge by 2025.
09:31, 18 Dec|Economy
GDP growth reached 4.4% over the past 11 months.
Over 70% of economic growth has been driven by the manufacturing sector, trade, agriculture, and construction.
09:31, 18 Dec|Economy
Kazakhstan is set to launch an olive oil production plant.
They aim to launch the factory by 2030.
09:31, 18 Dec|Economy
According to national statistics, Kazakhstan's real monetary income has decreased by 6% over the past year.
The highest average nominal monetary income per capita in the Atyrau region is 338,731 tenge, while the lowest is found in the Turkestan region at 125,231 tenge.
09:31, 18 Dec|Economy
The Jeti-Su region attracted over 327 billion tenge in investments to its economy.
The gross regional product for the first half of the year reached 781 billion tenge, reflecting a growth of 6.2%.
09:33, 17 Dec|Economy
The Eurasian Development Bank will participate in the construction of a hydroelectric power station in Kyrgyzstan.
The preliminary installed capacity of the three hydroelectric power stations in the cascade is 1,305 MW.
09:32, 17 Dec|Economy
Kazakhstan is considering the construction of a nuclear power plant with a capacity of up to 2.8 GW, according to the Ministry of Energy.
Negotiations are underway with potential suppliers of nuclear technology.
09:31, 17 Dec|Economy
In the past 11 months, cargo transportation via TMTM has surged by 63%.
Container transportation has increased by 2.6 times, reaching a total of 50,500 TEUs.
09:31, 17 Dec|Economy
Financial experts have forecasted the inflation rate and the value of the tenge in Kazakhstan for the year 2025.
Astana, December 17. KAZAKHSTAN TODAY - Analysts from the Kazakhstan Finance Association discussed the key macroeconomic challenges expected in 2025.
09:31, 17 Dec|Economy
The reconstruction of the Atyrau-Astrakhan republican highway has been completed in Kazakhstan.
The project implementation commenced in 2018 and was funded through a loan from the European Bank for Reconstruction and Development.
09:31, 17 Dec|Economy
Experts discuss who influenced the time zone changes in Kazakhstan.
Astana, December 15. KAZAKHSTAN TODAY - Experts have highlighted the risks associated with Kazakhstan's increasing reliance on foreign consulting firms, citing the example of time zone changes, as reported by inbusiness.kz.
09:31, 16 Dec|Economy
In a surprising turn of events, a new leader has emerged in Talgar, securing a staggering 9,071 votes! With a shocking backstory involving a recent tragedy, this election has left many qu...
A new akim has been elected in Talgar, and the election results have been announced, reports Bizmedia.kz.
07:53, 16 Dec|Business
The head of state has signed amendments to the three-year budget.
The amendments have been developed in response to changes in the parameters of the national budget.
09:31, 14 Dec|Economy
The head of Kazakhstan's Ministry of Energy discussed collaboration in nuclear energy with partners from China.
China is prepared to support Kazakhstan in the implementation of the nuclear power plant construction project.
09:31, 13 Dec|Economy
New hydrocarbon and rare earth metal deposits have been discovered in Kazakhstan.
There is already information regarding the potential of the Kuyrektykol site, which is estimated to have reserves of approximately 800,000 tons and projected resources of 935,400 tons of rare earth metals, including cerium and lanthanides.
09:31, 12 Dec|Economy
In 2024, Kazakhstan launched 22 investment projects worth $1.1 billion.
Tungsten ore processing facilities have been established in the Almaty region.
09:31, 11 Dec|Economy
A new leader has been appointed in a key city, promising to elevate local living standards and drive economic growth. With a wealth of experience in government, this fresh face is set to ...
A new akim has been appointed for the city of Sarani – Darin Bulkayir, according to Bizmedia.kz.
07:54, 11 Dec|Business
A cheese production plant will be launched in the Kostanay region.
The project's cost amounted to 7.2 billion tenge.
09:31, 10 Dec|Economy
An electronic queue system will be implemented at the Kazakhstan-Kyrgyzstan border.
The inspection procedure will be available for a fee.
09:31, 09 Dec|Economy
