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Tag Archives: Kazakhstan

Skybus Plans to Make Charter Flights from 9 Cities of Kazakhstan

Skybus Plans to Make Charter Flights from 9 Cities of Kazakhstan

Company Skybus plans to make charter flights from 9 cities of Kazakhstan to Batumi during the summer season. The company will perform flights once a week from the biggest cities: Astana, Almaty, Aktau, Atyrau, Qaraghanda, Aqtobe, Kustanai, Chimkenti and Qizilor. Representatives of Adjarian Tourism Department launched presentations linked to the …

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Georgia As One of The Most Cheapest Country

Georgia As One of The Most Cheapest Country

The international agency GoBankingRates, published the rank of the most cheapest countries throughout the world. The agency has ranked 112 countries in terms of the cheapest ones being Georgia as the 29th place. The authors relied on the main 4 components in the process of composing the ranking list. Those …

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Georgia Attracts Larger Quantity of Cargo from Kazakhstan

Georgia Attracts Larger Quantity of Cargo from Kazakhstan

Further development of economic relations between Georgia and Kazakhstan has been discussed. Visit of the first Deputy Prime Minister of Kazakhstan Bakytzhan Sagintayev to Georgia was planned in Davos during the meeting of Prime Ministers of Kazakhstan and Georgia. “We discussed ways of attraction of larger quantity of cargo from …

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Developing Agriculture to Minimize Import Dependence

Developing Agriculture to Minimize Import Dependence

Azerbaijan is underlying agricultural products exports with ever increasing importance, and agriculture development is one of top priority sections in the State Program on 2014 2018 Socio-Economic Development. Recent changes in the political relations between many countries in the region, especially those neighboring Azerbaijan, greatly affected the economic ties as …

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Georgia and Kazakhstan Announce First Big Arms Export Deals

Georgia and Kazakhstan Announce First Big Arms Export Deals

Georgia and Kazakhstan have both announced the first major arms sales of their nascent defense industries, both for armored vehicles: Georgia’s to Saudi Arabia, and Kazakhstan’s to Jordan- Eurasianet reports.  Under one deal, Georgia’s state arms manufacturer Delta will sell “more than 100” armored medical evacuation vehicles to Saudi Arabia, …

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Kazakhstan Sells Oil Terminal and Network of Filling Stations in Georgia

Kazakhstan Sells Oil Terminal and Network of Filling Stations in Georgia

The Kazakh side sells part of its assets in Georgia – in particular, the Batumi oil terminal and a network of filling stations Rompetrol – Urimzak Shukeyev, Chairman of the National Welfare Fund, states. According to him, KazTransGas intends to sell non-core assets in Kazakhstan and Georgia. Batumi Oil Terminal is …

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Kazakhstan’s Currency Drops to New Record Low

Kazakhstan Tenge

Kazakhstan’s national currency, tenge, dropped to a new record low of 312.65 tenges per US dollar during the morning trading session at Kazakhstan Stock Exchange (KASE) on Nov. 9, KASE announced on its website. The exchange rate of tenge on Nov. 6 was 307.53 tenges per dollar. No transactions were …

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Georgian Lari amid China and Kazakhstan Struggles

As world witnessed what has been dubbed “Black Monday” for the Chinese economy on August 24, the Georgian national currency lari experienced the sharpest depreciation in a single day since March 2015, having lost 1.3% of its value and fallen to 2.364 per U.S. dollar, according to the central bank’s …

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After Tenge, China will Pull these 10 Global Currencies Down — Bloomberg

Chinese government’s decision to weaken its national currency Yuan on August 11 will put at least ten global currencies at risk of devaluation, Bloomberg reported yesterday. The rest of the countries are left competing with the world’s second-largest exporting economy amid the increase in US’s interest rates and weakening global oil prices.  …

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New devaluation in Kazakhstan?

Kazakhstan’s currency lost more than 20 per cent of its value at the start of trading on Thursday, about an hour after the surprise announcement that the government would allow the currency to float freely. One US dollar now buys 257.7 tenge, taking the Kazakh currency’s year-to-date plunge to nearly …

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Iran Seeks $29 Billion for Steel to Mining Projects

Iran has $29 billion of mining investments attracting interest of companies from Europe to Asia, with plans to more than double steel production by 2025 and boost exports once international sanctions are lifted. Iran, home to the world’s biggest natural gas reserves, plans projects ranging from steel to aluminum production, …

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