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  • 20 Feb 2017 10:02 PM | Julia Tikhomirova (Administrator)

    Cnbc.com, 13.02.2017 

    A resurgence in interest for nuclear energy and a sharp reduction in supply is putting a glow on the uranium market, with prices surging 30 percent this-year-to-date. Benchmark  uranium  futures  on  the  New  York  Mercantile  Exchange  are  trading  around  $27  per pound, with prices  getting a boost after top supplier Khazakhstan shocked the market on Jan. 10 when  state-owned  Kazatomprom  announced  a  10  percent  production  cut.  All  of  Kazakhstan's uranium output is produced by the company. Kazakhstan  supplies  40  percent  of  the  world's  uranium  supply,  so  any  output  cuts  will  have  an outsized impact on the market, said Warren Gilman, CEO of CEF Holdings, a Hong Kong-based investment company. Almost all of the world's mined uranium is used for nuclear power generation.

    In the company's announcement last month, Kazatomprom chairman Askar Zhumagaliyev said the company will cut  10 percent  of its output this  year, an amount equivalent  to  3 percent  of global production. The decision stems from an oversupply that contributed to a sustained crash in prices that saw prices slump to a 12-year low last December. Kazatomprom's  troubles  came  after  years  of  expanding  supplies  from  2011—the  year  of  Japan's Fukushima Daiichi Nuclear Power Plant disaster, when a powerful earthquake and tsunami caused a meltdown and radiation leaks. The accident prompted plant shutdowns in Japan and re-examination of nuclear safety and policies in many other countries, slashing uranium demand. There's been a recent uptick in interest however, notably from emerging markets like China, India and Southeast Asia. "You have a very good long-term indicator of what demand is going to be; what is the volatility in the recipe is the supply," said CEF's Gilman. "You've got a very focused supply of uranium in a country which has significant sovereign risks surrounding it," added Leigh Curyer, the CEO of NexGen Energy, a uranium exploration company. "(Nuclear power) is undergoing quite a resurgence. A lot of countries are recognizing that nuclear power is the baseload supply of electricity that is emissions-free," he added.

    This is particularly in China where air pollution from coal-powered plants have become a social and political issue. There  are  some  61  nuclear  plants  being  built  globally  with  another  150  being  planned,  so  the demand  outlook  for  uranium  is  much  stronger  than  that  for  other  fossil  fuels,  said  Mark  Jolley, equity strategist at CCB International Securities. Macquarie Bank was more circumspect on the current rally, noting that the jump was from a low base as prices tanked to a 12-year low of $18 per pound low in November, with the run-up lagging gains in the energy complex. "Uranium pricing is currently trading 50 percent of where it was 40 years ago in nominal terms – never mind adjusting for inflation. There is no other commodity for which this is true. Essentially, this  has  put  uranium  in  the  situation  where  many  peer  commodities  were  at  this  time  last  year, trading too far into the cost curve for pricing to be sustainable," analysts wrote in a report on Jan. 20.

    Even  so,  the  Australian  bank  was  upbeat  on  the  outlook  on  confidence  in  the  U.S.,  the  world's largest uranium consumer. "With the closure of a large number of nuclear power plants announced earlier in 2016 on economic grounds, legislative actions in New York and Illinois keeping some of these open will provide both more optimism and spot market demand into 2017," Macquarie analysts wrote.

     http://www.cnbc.com/2017/02/13/uranium-prices-glow-with-decision-by-main-producer-kazakhstan-to-trim-output.html

  • 17 Feb 2017 4:34 PM | Julia Tikhomirova (Administrator)

    In 2017, the state-owned corporation Rosatom will allocated 7 billion rubles for the project "Breakthrough", the press centre of the Tomsk region’s administration reports, citing the governor Sergei Zhvachkin.

    General director of Rosatom Alexei Likhachev, head of the state-owned corporation’s fuel company TVEL Yuri Olenin and Sergei Zhvachkin discussed the current issues of the Siberian chemical plant’s activity in 2017, as well as the progress of the "Breakthrough" project in Seversk.

    "Alexei Evgenievich confirmed that in 2017 9 billion rubles will be allocated for the "Breakthrough" project, including 7 billion will be allocated by Rosatom," - the governor of the Tomsk region said.

    According to him, at the meeting they agreed with Rosatom to synchronize the decommissioning of obsolete equipment at the Siberian chemical plant facilities with the implementation of the "Breakthrough" project schedule.

    Rosatom implements the "Breakthrough" project at the Siberian chemical plant, which provides for the creation of a new technological platform of the nuclear industry with a closed nuclear fuel cycle and is aimed at solving the problems of spent nuclear fuel and radioactive waste. One of the project’s directions is the construction of a pilot demonstration energy sector as part of the reactor facility "BREST-OD-300" with near-station nuclear fuel cycle and a complex for the production of mixed uranium-plutonium (nitride) fuel for fast neutron reactors.

    https://rns.online/energy/Rosatom-investiruet-v-proekt-Proriv-7-mlrd-rub <http://post.spmailtechn.com/f/a/Cle2UmoPN8YweS-MoKeDqQ~~/AACF8wA~/RgRahvDpP0EIACxOeCCFj5VXA3NwY1gEAAAAAFkGc2hhcmVkYQdoZWxsb181YA01Mi4zNy4xMTkuMTk2QgoAAGm9pVghBdvaUhhsb3VuYXVtb3Zza2lAaG90bWFpbC5jb20JUQQAAAAAREhodHRwczovL3Jucy5vbmxpbmUvZW5lcmd5L1Jvc2F0b20taW52ZXN0aXJ1ZXQtdi1wcm9la3QtUHJvcml2LTctbWxyZC1ydWJHAnt9


  • 30 Jan 2017 5:45 PM | Julia Tikhomirova (Administrator)

    On January 24 th , 2017, the representatives of the Embassy of Kazakhstan to Canada participated in the  VI  Vancouver  International  Conference,  which  was  organized  by  the  Canada-Eurasia Russia Business  Association  (CERBA)  on  the  margins  of  the  AME’s  Mineral  Exploration  Roundup  in Vancouver. The main theme of this year’s conference was “Resource Opportunities with ‘One Belt, One Road’ Central Asian Investment Policy. 

    During  the  Conference,  the  Embassy  made  a  presentation  “Kazakhstan:  Continuing  Institutional Reforms, Implementing the infrastructure plans." Particular emphasis in the presentation was made on the key priorities of the “100 concrete steps” Plan and “Nurly Zhol” Program, which provide for the  further  development  of  transport  and  logistics,  industrial,  energy,  public  utilities  and  social infrastructure in Kazakhstan. 

    Guests and participants of the Conference got acquainted with the preparation of the international exhibition  “EXPO-2017”,  creation  of  the  Astana  International  Finance  Center  (AIFC),  “Western Europe ‒ Western China” highway project  and plans to expand the airline, automotive, railways, modernization and construction of airports, sea ports, logistics hubs and other large infrastructure projects, including “Khorgos ‒ Eastern Gate” Free Economic Zone and the Khorgos International Center for Boundary Cooperation. Special attention was paid to the reforms in the legislation of the Republic of Kazakhstan on subsoil use. The participants were informed, in particular, about the simplified procedure of granting rights, the work on preparation of the new Code of the Republic of Kazakhstan “On Subsoil and Subsoil Use”. Moreover, the results of bilateral cooperation in 2016 were presented at the event. One of the main outcomes was an Inaugural Meeting of a Kazakhstan – Canada Business Council (KCBC), which was  organized  in  Astana  in  May  last  year.  A  number  of  B.C.  companies  have  expressed  their intention to participate in the 2nd KCBC meeting, which will be held on the margins of EXPO-2017 in Astana in June this year.  

  • 23 Jan 2017 5:02 PM | Julia Tikhomirova (Administrator)

    Blooloop.com, 19.01.2017

    Accounting for nearly 20% of Kazakhstan’s GDP and 60% of total export earnings, crude oil prices are remaining stubbornly low. Few will disagree that it has taken a toll on Kazakhstan’s construction activities, as well as those of other Caspian countries. Work on the International Exposition, more popularly known as Expo 2017, is progressing in full swing  in  the  capital  city  of  Astana.  More  than  100  countries  and  over  20  major  international organizations are expected to participate in the event, which will be held from July to September 2017. It is estimated that the Expo will attract approximately 3 million visitors to the pavilions and the exhibition.

    Kazakhstan – Emerging Nation

    Expo 2017 is at the heart of Kazakhstan’s drive to showcase itself as an emerging nation in Central Asia, on the back of its huge hydrocarbon wealth. “There is absolutely no doubt that the mega event will put Kazakhstan in a different league,” said Serdar Gucar, managing director of Turkey and CIS for Hill International. “This is an internationally important project. Despite the low oil prices that resulted in governmental budget cuts, funding for the project is still being maintained.” Hill International has been playing a major role in the ongoing development that is estimated to have a price tag of $3.3 billion. Working closely with the main contractor, Sembol Corp, Hill has been assigned as the project manager for the core components of the Expo compound, including iconic buildings like the sphere.

    The Astana Expo City 2017 is primarily divided into two phases:

    Phase 1 – Expo Mode

    Expo  Mode  entails  the  construction  of  the  exposition  buildings.  This  includes  the  central Kazakhstan pavilion, theme, corporate and international pavilions, as well as the hotel, retail, art and performance areas.  It will also include the construction of a series of buildings that will act as a “covered city”. They will provide residential, retail and office spaces. Phase 1 will primarily serve the Expo and it’s visitors, keeping in mind the theme of the expo, “Future Energy”. The buildings are also being constructed to take advantage of their site location. “Everything  in  the  residential  development,  from  the  street  grid  rotation,  the  block  size  and  the distribution  of  building  mass,  was  developed  through  a  series  of  studies  to  reduce  energy  use, improve comfort levels for indoors and outdoors and increase energy harvesting for each unit,” said the website of Adrian Smith + Gordon Gill, the design consultant for Expo.

    Phase 2 – Legacy Mode

    The second phase is for buildings that will be converted into an office and research park, attracting international companies and entrepreneurs. The Expo parking and service zones will be converted into integrated neighbourhoods. There will also  be an  additional 700 residential units, as well as offices, hotels, local markets and civic and educational institutions. “The sphere, which contains 12,000 tons of steel, is by itself an innovation. The curved facade is made  in  Italy,  and  the  sphere  includes  solar  photovoltaic  panels,”  Gucar  said.  He  noted  that  the whole project came with it’s share of challenges that are being tackled. “The facilities being built are extremely complex, and special construction techniques are required. Also, the severe winter and the tight time schedule were other challenges.” The 800kg panes of glass for the sphere, for instance, required speciality lifting equipment to be put in place.

    Kazakhstan’s Most Prestigious Project

    New building regulations that combined the old Soviet styles with modern Western standards were also a challenge. Typically for a project like the Expo 2017, it involves multi-national contractors, architects and design consultants. Co-ordination is also difficult, Gucar says – approximately 250 local companies are at work on the site.  Hill International is on track to commission the project in June.  “It  will  be  a  great  accomplishment  for  us.  Expo  2017  is  the  most  prestigious  project  of Kazakhstan, and it was awarded to us,” he said. Hill’s  success  through  Expo  2017  will  open  the  doors  for  the  company  to  pursue  other  major opportunities in Western Europe. Evidence of that is already in hand, with the company providing project  and  construction  management  services  for  the  St  Regis  Hotel  and  Residences  project  in Astana.  They  will  provide  the  120-room  luxury  upscale  hotel,  complemented  by  restaurants,  a signature  spa  and  winter  garden.  The  project  will  also  include  the  construction  of  50  St  Regis-branded residences, with a significant volume of commercial, retail and office space. The hotel and residences project will be the first of its kind in Astana. The launch has been timed to coincide with Expo 2017. “For Hill, our work to build the major facilities for Expo 2017 will be a great reference,” Gucar said.

    http://blooloop.com/feature/hill-international-expo-2017-kazakhstan/  


  • 19 Jan 2017 10:42 AM | Julia Tikhomirova (Administrator)

    CERBA is sharing an analytical piece produced by Deloitte, with their permission. The article is considering the potential possibility of the US withdrawal from NAFTA and its possible effects on the Canadian-US and global trade.

    READ THE ARTICLE

    This publication is produced by Deloitte LLP as an information service to clients and friends of the firm, and is not intended to substitute for competent professional advice. No action should be initiated without consulting your professional advisors. Your use of this document is at your own risk. Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited.

    Contacts - Custom Leads:

    Daniel Kiselbach, Partner, Deloitte Tax Law Tel: 604-640-3821

    Lisa Zajko, National Leader, Customs and Global Trade Senior Manager, Deloitte Tel: 416-643-8922

  • 17 Jan 2017 10:30 AM | Julia Tikhomirova (Administrator)

    On 14 January an extended session of the Cabinet of Ministers, dedicated to comprehensive analysis of the results of social-economic development of the country in 2016 and determining the most important directions and priorities of economic and social program of the government in 2017 was held in Tashkent. The chairmen of the Legislative Chamber and the Senate of the Oliy Majlis, state advisors of the President of the Republic of Uzbekistan, members of the government, heads of business associations, public organizations as well the Jokargy Kenes and the Council of Ministers of the Republic of Karakalpakstan, khokims of regions, cities and districts attended the session. For the first time, senior officials at local khokimiyats, territorial departments of ministries, agencies, enterprises and entrepreneurs took part at the governmental meeting through videoconferencing, organized at the regional, city and district centres.

    President of the Republic of Uzbekistan Shavkat Mirziyoyev delivered a keynote speech at the session. In his speech, the President underlined that the continuity in consistent implementation of the Uzbek model of development and Program of further reforms, structural transformations and modernization of the country, developed under the leadership of First President of the Republic of Uzbekistan Islam Karimov, ensured maintenance of stable and sustainably high rates of economic growth and macroeconomic balance, increase of the level and quality of life of the population.

    During the discussion of the issues, included into the agenda of the meeting of the Cabinet of Ministers, it was highlighted that the gross domestic product of the country increased by 7,8% in 2016. The volume of industrial production grew by 6.6%, contractual construction works –12.5%, retail trade – 14.4% and services – 12.5%. The State Budget was executed with a surplus at 0,1% to GDP. The surplus in foreign trade turnover has been secured. The inflation rate has not exceeded forecast parameters and constituted 5,7%. Over 16,6 billion US dollars or 9,6% more than in 2015 were invested into the economy. The volume of foreign investments and loans increased by 11,3% and exceeded 3,7 billion US dollars. The realization of 164 large investment projects with a total cost of 5,2 billion US dollars were completed, including production of new T-250 car model at GM Uzbekistan JSC, enhancement of the cement plant in Djizak region, construction of two steam-gas installations with a total capacity of 900 MWt at the Talimarjan power plant and energy block of burning high-ash coal with a capacity of 150MWt at the Angren power plant.

    A new Angren-Pap electrified railway line was constructed with a unique 19 km long tunnel through Qamchiq mountain pass, which connected Fergana valley regions with other regions of the country through a reliable transport link. Afrosiyob high-speed passenger trains started to travel from Tashkent to Bukhara. The program measures on modernisation and diversification of agriculture under implementation ensured the growth of agricultural output by 6,6%, including of fruits and vegetables – 11,2%, potatoes- 9,7%, melons- 10,5%. The measures on comprehensive support and protection of private property and entrepreneurship contributed to creation of around 32 thousand new small businesses in 2016, or 18% more than in 2015. The small businesses’ share in GDP of the country increased to 56,9%, and in industry to 45%.

    Thanks to positive structural transformations and high rates of economic growth the real income of population increased by 11%. The salaries of workers of the budget organizations was raised by 15%, pensions and social benefits – 12,1%. Around 726 thousand people have been newly employed, including 438,5 thousand graduates of educational institutions. Within the framework of the State program “Year of healthy mother and child” a wide complex of measures on strengthening healthcare of mothers and children, formation of healthy and harmonically developed generation was implemented, for funding of which over 8 trillion soums and 212 million US dollars were directed.

    The President of the country, analysing in detail and comprehensively the existing unsolved problems and partial utilisation of reserves, explicated his proposals on key strategic tasks and important priorities of economic and social program of the country for 2017. Among priority tasks, a central role is attached to development of permanent, open dialogue with population within the framework of implementing the State program “Year of dialogue with people and human interests”, continuation of active social policy, directed towards further improving the level and quality of population, their material welfare. The government, heads of ministers, agencies, business associations and local governance bodies were assigned concrete tasks on eliminating the shortcomings in the development of the spheres and territories, as well as development and realization of the complex of measures, on continuing active investment policy, strengthening protection of rights and interests of entrepreneurs, gradual decrease of the role of state in managing the economy and cardinal improvement of the work of the governmental bodies. The president underlined the most important tasks and measures on realization of newly adopted targeted programs on construction of affordable housing, development and modernization of road-transport, engineering-communications and social infrastructure, ensuring improvement of the quality of life of the population in city and rural areas.

    The reports of the Prime Ministers of the Republic of Uzbekistan, his deputies, heads of several ministries, agencies and business associations, as well as the Chairman of the Jokargy Kenes of the Republic of Karakalpakstan, khokims of regions and Tashkent city have been heard during the discussion of the issues on the agenda of the session. For admitted failures and deficiencies and lack of initiative, some officials were warned of personal responsibility for quick elimination of shortcomings, as well as ensuring the effective implementation of the tasks for the further intensive development of industries and regions of the country.

     The President of the country laid the following priority tasks and requirements before the government, heads of ministries, agencies, business associations and khokimiyats: 

    • first – development of complex measures on eleven priorities of economic and social program for 2017;
    • second– ensuring critical analysis of state of affairs in the spheres of the economy, social sphere and regions of the country on a systemic basis, making amendments on this basis to main directions and priorities of deepening the economic reforms;
    • third– increasing personal responsibility of the heads and senior officials for end results, their compliance with strict discipline and strengthening effectiveness of the management system in accordance with increased modern requirements.

    Following the discussions, a governmental decision was adopted, which determines the practical measures on ensuring implementation of most important directions and priorities of the program of social-economic development of the country for 2017.

    Source: Embassy of Uzbekistan in the United States of America e-newsletter

  • 16 Jan 2017 12:30 PM | Julia Tikhomirova (Administrator)

    Mining.com, 10.01.2017

    Kazakhstan, the world's top uranium producer, is cutting output of the commodity by 10% this year due to poor market conditions triggered mostly by a global oversupply of yellowcake. State-owned  uranium  company  and  global  production  leader,  Kazatomprom,  said  production  for 2017  will  be  reduced  by  2,000  tonnes,  which  is  about  3%  of  the  total  global  output,  according Cantor Fitzgerald Canada Research’s figures. “These strategic [uranium] assets are far more valuable to our shareholders and stakeholders being left  in  the  ground  for  the  time  being,  rather  than  adding  to  the  current  oversupply  situation,” Kazatomprom Chairman Askar Zhumagaliyev said in the statement. "Analysts see the move as a “game changer” that should boost the global uranium market in the very short term." He added the production would pick up pace once market conditions improve.

    Cantor  Fitzgerald’s  analysts  Rob  Chang  qualified  the  move  as  a  “game  changer,”  adding  he expected  to  see  across  the  board  strength  in  the  uranium  space  very  soon.  “Kazatomprom’s relentless  increases  in  production  over  the  years  was  one  of  the  top  causes  for  uranium  price weakness,” Chang said in a note to investors. He added market observers had given up on expecting Kazakhstan to exercise production restraint as  its  mines  were  the  world’s  lowest  cost  operations  and  constant  output  hikes  appeared  to  be  a cultural focus for the country. “This news is a definite surprise and may be the inflection point for the uranium space to head higher across the board,” he said. Kazakhstan’s  uranium  is  produced  by  Kazatomprom,  its  subsidiaries  and  joint  ventures  with international  partners.  The  exact  change  in  production  levels  vary  by  mine  and  were  approved through  the  respective  management  boards.    This  includes  joint  ventures  with  Cameco’s (TSX:CCO-TSX, NYSE:CCJ) Inkai mine that was expected to produce 5.8 million pounds this year prior to today’s announcement. Kazatomprom said that even with the announced output cuts, the company will continue to be the world’s No.1 uranium producer. Kazakhstan climbed to the top position on the uranium production ranking in 2009 with almost 28% of the total world’s output, then 33% in 2010, rising to 41% in 2014, and 39% in 2015. 

    Source: http://www.mining.com/worlds-top-uranium-producer-kazakhstan-to-cut-output-by-10/  


  • 10 Jan 2017 12:22 PM | Julia Tikhomirova (Administrator)

    Citizens of 80 countries can enter Belarus visa-free for up to 5 days through Minsk National Airport, the press service of the President of Belarus reports on 9 January.

    Visa-free entry will apply to citizens of 39 European states, including all EU countries, as well as to Brazil, Indonesia, the USA, Japan and other states (see the FULL list bellow). 

    These are, first of all, countries without migration problems, strategic partners of Belarus and the states that have unilaterally lifted visas for Belarusian citizens.

    The new rules also cover such categories of travelers as non-citizens of Latvia and persons without citizenship from Estonia.

    To enter Belarus visa-free, foreigners need to have a valid passport or other travel document, a certain sum of money (equivalent of 2 basic amounts, or 42 Belarusian rubles, for each day of stay), a medical insurance valid in Belarus.

    Citizens of Vietnam, Haiti, Gambia, Honduras, India, China, Lebanon, Namibia, Samoa must also have a valid multiple visa to any EU member state or Schengen country with a mark about the entry into their territory, as well as tickets confirming leave from Minsk National airport within 5 days from the date of entry.

    Visa-free travel does not apply to persons coming to Belarus with flights from Russia and intending to fly to Russia.

    The decree will come into force one month after its official publication.

    Belarus has recently lowered the cost of long-term visas for European citizens.

    Last year, Belarus continued steps in facilitating visa procedures for foreign tourists. In April it granted visa-free entry for citizens of the UAE; in August to Chinese tourists arriving in groups. In the end of November, visa-free trips to Belarus opened for Brazilian citizens. In October 2016, the Augustow Canal park in Hrodna region became visa-free for visits lasting up to 5 days, which has attracted tourists from over 20 countries.

    The list of 80 countries in Decree No8 “On the introduction of the visa-free entry and departure for foreign citizens”

    Albania Estonia**** Lithuania San Marino
    Andorra Finland Luxembourg Saudi Arabia
    Antigua and Barbuda France Macau** Seychelles
    Australia Gambia* Macedonia Singapore
    Austria Germany Malaysia Slovakia
    Bahrain Greece Malta Slovenia
    Barbados Haiti* Mexico Sovereign Military Order of Malta**
    Belgium Honduras * Monaco Spain
    Bosnia and Herzegovina Hong Kong ** Namibia* Sweden
    Brazil Hungary New Zealand Switzerland
    Bulgaria Iceland Nicaragua The Argentine
    Canada India * Norway The Federated States of Micronesia
    Chile Indonesia Oman The Netherlands
    China* Ireland Panama The Republic of Korea
    Commonwealth of Dominica Italy Peru The Republic of Vanuatu
    Croatia Japan*** Poland The United Kingdom
    Cyprus Kuwait Portugal The United States of America
    Czech Republic Latvia *** Romania Uruguay
    Denmark Lebanon * Saint Vincent and the Grenadines Vatican City
    El Salvador Liechtenstein Samoa* Vietnam*

    * If there is a valid document for travel abroad with a valid multiple visa of the states-members of the European Union or the states-participants of the Schengen area with a note of entry to the territory of a state-member of the European Union or a state-member of the Schengen area, as well as tickets confirming the date of departure from the Minsk National Airport.

    ** It is not a state.

    *** Including persons with non-citizen status of the Republic of Latvia.

    **** Including persons without citizenship, permanently residing in Estonia.


  • 10 Jan 2017 11:53 AM | Julia Tikhomirova (Administrator)

    Kazakhstan exports more than imports in 2016

    Timesca.com, 30 December 2016

    Kazakhstan’s foreign trade turnover in 2016 is expected to amount to US $58 billion, Sputnik news agency reported with reference to Meirzhan Maikenov, deputy chairman of the national investment and export promotion agency KAZNEX INVEST. “As a result of 2016, Kazakhstan’s foreign trade would total $58 billion,” Maikenov told a news conference  on  December  28,  with  Kazakhstan’s  export  amounting  to  $35  billion  and  import amounting to $23 billion. “There  is  a  positive  balance:  we  are  exporting  more  than  importing,”  the  official  said.  He  also emphasized that processed products have accounted for 35 percent of the total exports, which, in his opinion, testifies to improving the country’s export basket. Last year, Kazakhstan’s foreign trade amounted to $60.7 billion, with the export at $41.2 billion and import at $19.5 billion. Kazakhstan exported its products to 117 countries. In Maikeyev’s words, Kazakhstan exports raw materials mainly to non-CIS countries and processed products are exported to CIS countries, the Caucasus, China, and Iran.   

    Crude oil and metals remain the main export items of Kazakhstan, and the country’s export revenues have declined due to lower oil and commodity prices. The government of Kazakhstan has been pursuing a policy of increased domestic production and import substitution, including for food products. Deputy  Agriculture  Minister  Gulmira  Isayeva  said  earlier  this  year  that  domestic  producers  now meet 95 percent of the Kazakh population’s needs for basic food products.

     http://www.timesca.com/index.php/news/17505-kazakhstan-exports-more-than-imports-in-2016

    Kazakhstan's new measure to boost tourism, investment

    Presstv.ir, 3 January 2017 

    Kazakhstan has lifted visa requirements for citizens of the European Union, OECD countries and a number of other states as part of efforts to boost investment and tourism. The  measure  adopted  earlier  by  neighboring  Uzbekistan  comes  as  Kazakhstan  as  Central  Asia's largest economy has been battered by low oil prices and financial distress in neighboring Russia.

    According to Kazakhstan’s foreign ministry, since the beginning of 2017, citizens of EU and OECD countries, as well as Malaysia, Monaco, the United Arab Emirates and Singapore, could travel to Kazakhstan for up to 30 days without a visa. In  a  statement,  the  ministry  said  the  initiative  was  meant  to  "promote  an  even  more  favorable investment climate" and "develop the country's tourism potential." "The move will open up additional opportunities to the business community for cooperation with the outside world and facilitate international contacts in different spheres," the statement said. Kazakhstan's landscape is dotted with mountains, lakes and desert, and the glitzy capital Astana is home to futuristic architecture.

    Back  in  December,  neighboring  Uzbekistan  announced  plans  to  roll  back  its  highly  restrictive tourism regime by cancelling visa requirements for 15 countries. That move followed the election of interim leader Shavkat Mirziyoyev, who succeeded the late Islam Karimov.

    http://www.presstv.ir/Detail/2017/01/03/504680/Kazakhstan-lifts-visa-requirements-to-boost-tourism 


  • 19 Dec 2016 10:54 AM | Julia Tikhomirova (Administrator)

    As distributed by the Embassy of Uzbekistan in the United States of America in its electronic communication: DOWNLOAD PDF