Kazakh President unveils plans for massive infrastructure investments

Nursultan NazarbayevAstana (Kazakhstan), Nov 12 : In a surprise and before time state of the union address, Kazakhstan's President, Nursultan Nazarbayev, has announced a new economic policy that heavily places emphasis on massive state investment in infrastructure over the next several years.

Kazakhstan's GDP expected to grow five per cent in 2014

Kazakhstan's GDP expected to grow five per cent in 2014Astana, Nov.4 - The Chairman of the National Bank of Kazakhstan, Kairat Kelimbetov, has predicted an increase in the country's gross domestic product of up to five percent at the end of 2014.

From January to September of this year, Kazakhstan's GDP grew at four percent. According to the results from the first half of the year, the current account surplus is USD 6.6 billion, a figure two times higher than that of the first half of 2013.

He noted that the increase was caused by a trade surplus of 17.4 percent, or approximately USD 22.6 billion. The overall inflation rate for 2014 is forecasted at 7.4 percent.

Kazakh president says Eid al-Fitr unites whole nation

Nursultan-NazarbayevAstana (Kazakhstan), July 31 : Kazakhstan President Nursultan Nazarbayev has said that the occasion of Eid al-Fitr, which is also known is Oraza Ait in Kazakhstan, promotes both peace and stability among various communities, and not just Muslims.

Tengrinews quoted President Nazarbayev, as saying recently that the month of Ramadan is a period during which Muslims all over the world seek spiritual purification.

He also said that it was a period of spiritual reward for noble intentions and good deeds.

Iran nuclear talks open in Almaty

Iran-nuclearAlmaty (Kazakhstan), Feb 26 : Talks between the world's top five powers plus one - United States, France, China, Russia, the United Kingdom and Germany, or the P5+1 and Iran over its controversial nuclear programme opened today in the Kazakh city of Almaty.

The discussions are the first since talks in June 2012 ended without a breakthrough.

Negotiators from Iran are meeting their counterparts from the U. S., France, China, Russia, UK, and Germany .

20 killed in plane crash in Kazakhstan

plane-crash-in-KazakhstanAstana, Jan 29 : A passenger plane crashed Tuesday in Kazakhstan, killing all 20 people aboard.

The country''s SCAT airline said the plane, flying from northern city of Kokshetau to Almaty, crashed near Almaty airport.

The company said there were 20 people on board, including five crew members and 15 passengers. (ANI)

Sunita Williams with two fellow astronauts returns to Earth

Sunita Williams with two fellow astronauts returns to Earth Three astraunouts, including Indian-American Sunita Williams, have safely returned to Earth from the International Space Station (ISS).

Sunita along with two fellow astronauts, viz. Flight Engineers Yuri Malenchenko and Aki Hoshide, landed at 0726 IST on Monday in the town of Arkalyk in central Kazakhstan, after spending four months in space.

They touched down safely on the steppes of central Kazakhstan on board a Russian Soyuz capsule.

PNB bets big time on overseas markets

PNB bets big time on overseas marketsThe public sector bank, Punjab National bank said that it is going to buy 64 per cent stake in JSC Dana Bank of Kazakhstan. This was said by the Chairman and Managing Director of the bank, K R Kamath.

Talking to the media, he said that the deal has been approved by the Reserve Bank of India and that PNB is looking forward to it.

He also said that the bank is planning to spend $24 million for acquiring the stake. For financing it, the bank will combine dent and internal financing as well.

Russia, China, US occupy special place in Kazakh foreign policy: Nazarbayev

Russia, China, US occupy special place in Kazakh foreign policy: NazarbayevAstana (Kazakhstan), Dec. 28 : Kazakhstan President Nursultan Nazarbayev has said that China, Russia and the United States will continue to occupy a special place in the country’s foreign policy.

Interacting with diplomats at the Akorda Palace last week, President Nazarbayev said that apart from these three major powers, his government would also continue to seek “active cooperation” with the CIS and Central Asia states.

Soyuz spacecraft blasts off

Soyuz spacecraft blasts offBaikonur (Kazakhstan), Dec 21 (RIA Novosti) The Soyuz spacecraft, carrying three astronauts to the International Space Station (ISS), was launched here in the early hours of Monday.

The TMA-17 spacecraft was launched at 00:52 hrs from the Baikonur Space Center in Kazakhstan and it separated from the Soyuz-FG booster on schedule.

It is scheduled to dock with the ISS in the automated mode Wednesday.

Delhi hosts Kazakhstan-India Travel and Tourism Fair

Delhi hosts Kazakhstan-India Travel and Tourism FairNew Delhi, Nov. 21: India and Kazakhstan have both been affected by the global recession, but this has not prevented them from striving to keep bilateral business ties alive since January of this year, when the meltdown was at its devastating peak.

Warehouse fire kills 13 in Kazakhstan

Warehouse fire kills 13 in Kazakhstan Almaty, Nov 9 : Thirteen people were burned to death after a fire broke out at a warehouse in the Kazakhstan capital Monday, media reports said.

The incident took place at around 5.00 p. m. in a plastic-foam warehouse, Xinhua reported.

The fire was put out after it engulfed an area of about 8,000 sq metres, an official of the Kazakhstan Emergency Situations Ministry said.

Twenty-five fire engines were deployed to put out the fire. The cause of the fire was not immediately known.(IANS)

Tajikistan announces amnesty for 10,000 prisoners

Emomali RakhmonAlmaty (Kazakhstan), Nov 4 : Tajikistan President Emomali Rakhmon has signed an amnesty, granting freedom to some 10,000 prisoners, officials said Wednesday.

The amnesty was passed to mark the 15th anniversary of Tajikistan's constitution Nov 6, the country's presidential news service said.

The prisoners were held for minor crimes and make up nearly half of the inmates lodged in Tajikistan jails, Xinhua reported.

The amnesty excludes those serving sentences for crimes such as terrorism, pillage, fraud, premeditated murder and treason.

PNB plans to acquire 63% stake in Kazakhstan’s bank

Punjab National Bank Punjab National Bank (PNB), India’s second-major public sector bank, has decided to purchase 63% stake in Kazakhstan-based Dana Bank.

PNB functionaries stated in a communiqué that this acquisition is going to be bank’s first international acquisition which will entail an investment of $24 million (about Rs 115 crore).

The sources informed that the bank is having a representative office in Kazakh city Almaty.

At least 38 dead in fire in Kazakhstan

At least 38 dead in fire in KazakhstanAlmaty/Moscow  - At least 38 people died Sunday in a fire at a drug clinic in the south of the central Asian republic of Kazakhstan, local media reported.

The cause of the fire, which broke out in the city of Talkykurgan near the capital Almaty, was as of yet unknown, media quoted Kazakh authorities as saying.

Around 40 of the clinic's patients and personnel were rescued from the fire, which had spread over an area of 650 square metres.

Kazakh Prime Minister Karim Massimov announced the formation of a state commission to investigate the fire. (dpa)

Indo-Kazakh expedition team reaches Mount Marble Wall summit

Kazakhstan-armyAstana (Kazakhstan), Sep 11: A mountaineering expedition team comprising six members of the Indian Army and eight from the Kazakhstan Army has successfully scaled the Mount Marble Wall Peak in Kazakhstan.

The expedition was jointly led by Lt Col SS Shekhawat and Ilinski, and the team reached Base Camp on August 23 at 3300 meters and established three camps on the mountain by August 27.

On September 3, the summit team left for Camp– III, located at a height of 5200 meters, and after nearly 11 hours of grueling climb finally summitted the peak on September

Asian Development Bank approves fiscal stimulus loan to Kazakhstan

Asian Development Bank approves fiscal stimulus loan to KazakhstanManila  - The Asian Development Bank (ADB) said Thursday it has approved a 500-million-dollar short-term loan allowing Kazakhstan to boost fiscal spending and offset the effects of the global economic crisis.

The Manila-based bank said Kazakhstan was the first country in the Asia-Pacific region to be directly affected by the crisis due to its exposure in the banking sector.

India Week and Indian Food Festival on in Kazakhstan

India Week and Indian Food Festival on in KazakhstanAstana (Kazakhstan), Sep. 9 : The Embassy of India in Kazakhstan has organized an "India Week and Food Festival" in Astana and Almaty from September 8 to 18 in collaboration with the Rixos President Hotel Astana, Intercontinental Hotel Almaty and Air Astana as part of its continued efforts to promote people-to-people contacts and strengthen bilateral relations between India and Kazakhstan.

New book on Kazakhstan calls for building bonds and partnership with India

New book on Kazakhstan calls for building bonds and partnership with IndiaNew Delhi, Aug 27 : Relations between India and Kazakhstan took another step forward on Wednesday evening with Kazakhstan''s envoy to India, Dr. Kairat Umarov releasing the book "Contemporary Kazakhstan - Success Story of Nation Building", authored by Mail Today journalist Dipanjan Roy Chaudhury, in the presence of a select gathering of former diplomats, academia and media persons.

Indian Embassy in Kazakhstan celebrates Independence Day

Indian Embassy in Kazakhstan celebrates Independence DayAstana (Kazakhstan), Aug. 15 : The 62nd anniversary of India's Independence Day was celebrated at the residence of India''s Ambassador to Kazakhstan, Ashok Sajjanhar, this morning.

The ceremony began with the flag hoisting by Ambassador Sajjanhar and singing of the national anthem and patriotic songs by ladies of the Indian Embassy.

India, Kazakhstan must actualize strategic partnership potential: Experts

India, Kazakhstan must actualize strategic partnership potential: ExpertsNew Delhi, Aug. 8 : Panelists participating in a book launch on Kazakhstan on Friday said all ingredients for a wholesome strategic partnership between India and Kazakhstan exist, and the two governments would be remiss in their responsibility in not realizing the full potential of this partnership.

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