tenge

11 Feb 2014 in 14:45

Kazakh currency devaluation to have little impact in Russia

Russian Deputy Minister for Economic Development Andrey Klepach said that devaluation of the Kazakh currency, tenge, this morning will have little impact on Russia, Interfax reports.He noted that Kazakhstan was exporting most of its products to faraway states and was importing a lot of food and non-food products from Belarus and China and less from Russia.The deputy minister believes that the value of the Russian ruble is more important for Kazakhstan than the value of the tenge.

11 Feb 2014 in 12:03

Kazakhstan devalued tenge to save economy, say experts

The Kazakh National Bank devalued the national currency, the tenge, for the following reasons: outflow of capital from BRICS states to advanced countries, instability of the Russian ruble, high devaluation expectations causing mass speculations, efforts to reduce inflation to 3-4%. The previous devaluation happened in February 2009.

11 Feb 2014 in 11:23

Kazakh National Bank explains currency devaluation

The Kazakh National Bank explained that the main reason for the devaluation today of the national currency, the tenge, was the flow of capital from developing states to advanced states, RIA Novosti reports.Another reason for the process is …

11 Feb 2014 in 9:52

Kazakhstan devaluates national currency

The National Bank of Kazakhstan will not longer back the currency rate of tenge. It will make fewer currency intervention, RIA Novosti reports.The National Bank expects the currency value to total about 185 tenge per USD.The official currency rate on February 11 is 155.5 tenge per dollar.

4 Feb 2014 in 14:59

Kazakhstan to spend over $1 billion on geology

Kazakhstan will spend $1.05 billion (over 164 billion tenge) on geological studies in 2015-2019, according to Bazarbay Nurabayev, Head of the committee for geology and subsurface resource management of the Ministry for Industry and New Technologies, News Azerbaijan reports.The concept for development of geology until 2030 is the basic document for financing of geological progress in Kazakhstan.

13 Nov 2013 in 13:57

Monument to Kazakh national currency opens

A monument to the national currency of Kazakhstan was unveiled at the office of the National Bank in Taraza, the administrative center of the Zhambyl District, where the first printed tenge had been released, Gazeta.ru reports.A coin with a …

6 Nov 2013 in 9:51

Kazakh budget for 2014-2016 presented to Senate

Lena Karmazina, Vice Minister for Economy and Budget Planning of Kazakhstan, presented the budget for 2014-2016 at the Senate, Trend reports.According to the document, the nominal GDP will increase from 38.6 trillion tenge in 2014 to 66 …

3 Oct 2013 in 18:55

Kazakhstan pays compensation to killed border guards' families

Families of the border guards killed at the Arkankergen border post in Kazakhstan have each received state compensation of 3.5 million tenge (about $23 thousand), an officer of the Border Guard National Security Committee (KNB) said on Thursday."The families of 13 dead guards, except the family of Denis Rey, have received compensation. Rey is currently not recognized as dead," RIA Novosti reports.The body of conscripted soldier Ray could not be identified, either by Kazakhstani specialists or the experts of foreign clinics, to where two of the bodies have been sent.

27 Aug 2013 in 15:11

Kazakhstan to realize energy saving program

Over 2,000 industrial enterprises will undergo energy audits by July 2015 within the framework of the Energy Saving Program-2020 passed by the Kazakh government today, Trend cites Vice Minister for Industry and New Technologies Nurlan Sauranbayev.30 enterprises are undergoing energy audit, 50 implementing energy management system, 200 will invest about 300 billion tenge in energy saving by 2015.

22 Aug 2013 in 13:56

Russia protests arrest of accounts in Kazakhstan

Russia protests arrest of accounts of the Consulate General worth 196 million tenge in Alma Ata, RIA Novosti reports.The sum was arrested due to doubts of the Consulate General. Toktagul Sharipov, owner of the building the Consulate General has been renting since 2005, filed a lawsuit against the mission. A fire causing damage worth 194 million tenge happened in the building on September 11, 2007.The accounts were arrested in early August. Russia reminded that the arrest was a violation of the 1963 Vienna Convention on Consular Relations.

5 Aug 2013 in 12:12

Kazcosmos subsidiary president charged with bribe-taking

Gabdulatif Murzakulov, President of Kazakhstan Garysh Sapary, has been detained for lobbying for Kulager during the tender for spaceship construction complex worth about $100 million, ITAR-TASS reports.According to investigators, he received a bribe worth $272,000 and 75.3 million tenge from Asylbekov, an official of Yegenbayev, head of the board.

4 Jul 2013 in 18:51

Outraged by fall of "Proton-M" Kazakhstanis plant a pig in front of Russian consulate

Two community activists in Kazakhstan, the artist Ashat Akhmediarov and representative of the social movement "Abyroi" Maxat Aisautov, expressed today their dissatisfaction with the fall of the "Proton-M" rocket near the "Baikonur" cosmodrome. They planted a pig, painted in the colors of the Russian flag, on the steps of the Russian consulate in Uralsk (the administrative center of the West Kazakhstan region) 

30 May 2013 in 14:45

Kazakhstan to open first pay road

 Kazakhstan will launch the Astana-Shchukinsk highway with a fee of $13 (200 tenge) per car on May 31. The road will lie between Astana and Borovoye, Trend reports.Fees for buses will depend on the number of seats, ranging from 5 to 10 tenge. 5-20 tenge will be paid for trucks, depending on their weight. Rescue vehicles, ambulances, fire trucks, police cars and motorbikes will be free of payments.Pay roads exist in over 30 countries, including Russia, Belarus, Germany, Turkey, Malaysia. Such roads will reduce the burden for maintaining them.

25 Feb 2013 in 14:19

Kazakhstan to subsidize seed purchases with 450 million tenge

 The Kazakh authorities plan to grant 450 million tenge of subsidies for seed purchases, Trend cites Minister for Agriculture Asylzhan Mamytbekov.The price per ton of elite seeds reached 70,000 tenge this year. The upper limit of subsidies for their purchase increased from 19,500 tenge to 25,000 tenge.

1 Feb 2013 in 10:53

Kazakhstan describes wages

The Kazakh Statistical Agency has described wage levels. Petroleum authorities earn 1.204 million tenge ($1 = 150.6 tenge), exceeding the average wage of authorities 5.2-fold. Highly and medium skilled staff earns 321,000 and 247,000 tenge respectively.Authorities and engineers of air transportation earn from 403,000 to 467,000 tenge a month.Economists earn 190,000 tenge, marble carvers 232,000 tenge, hardwood floor-layers 195,000 tenge.

9 Nov 2012 in 11:04

Use of five Kazakh ships stopped in Caspian Sea

Mangistau prosecutors have prohibited the use of five ships in the Caspian Sea for violating safety regulations. The crew of one of the ships covering up an emergency situation, two ships had malfunctioning equipment, News Kazakhstan reports.The “Aktobe” and “Atyrau” tankers of Kazmortransflot were exploited with malfunctioning hydrocompasses and navigation systems.Over 30 ship companies operate in the Mangistau Region of Kazakhstan. They have over 1,700 small and 280 large ships registered.

19 Oct 2012 in 13:21

Kazakhstan may ban cash outs by legal bodies

 The State Agency for Control of Economic and Corruption Crime of Kazakhstan proposed a ban on cash outs by legal bodies at the conference on crime prevention in Astana, Interfax reports.Marat Ahmetjanov, deputy head of the agency, said that states suffering from the global economic recession are trying to reduce cash turnover. Italy banned cash payments worth over €1000 in late 2011. Spain is taking similar measures.

17 Aug 2012 in 12:46

Kazakhstan announces fees for Russian oil transit to China

Transit of Russian oil through the Atasu-Alashankou Pipeline in Kazakhstan will cost $149.22 (1673.89 tenge) per ton for 1000 km, Vzglyad reports.The fee was set by the Kazakh State Agency for Regulation of Natural Monopolies for September 1. No transit contracts have been signed yet, but Russian companies have sent letters.The Kazakh Ministry for Oil and Gas set a quota of 250,000 tons of oil for transit from Russia to China. The quota will most likely remain unchanged until the end of the year.

25 Jul 2012 in 20:28

Kazakh airline to start flights to Tbilisi

Kazakh company Air Astana will start flights to Tbilisi on September 20, Trend cites the airline as saying today.

24 Apr 2012 in 12:10

Kazakhstan to scrap visa regime for 34 states

Kazakhstan plans to drop its visa requirements for 34 states, Minister for Industry and New Technologies Aset Isekeshev said, KAZINFORM reports.Such measures are taken to develop tourism. Official statistics show that over 5.6 million tourists visited Kazakhstan in 2011, over 5.3 million of domestic tourists. Tourism brought an income of 74 billion tenge.$1 = 147.82 tenge.