November 3, 2015

Oil Sector of Kazakhstan: Construction of the Fourth Oil Refinery

Presently, Kazakhstan exploits three oil refineries that were constructed during the USSR period: in the Pavlodar, Atyrau and South Kazakhstan regions. The first operating oil refinery plant was constructed in Atyrau in 1945, at the end of the World War II. The plant processed more than 4,920,005 tons of oil […]
October 28, 2015

Overview of the Gold Mining Industry of Kyrgyzstan

As most of the other Central Asian countries, Kyrgyzstan is an energyrich country with a wide range of minerals. However, the main mineral mined in the country is gold, which has made the gold mining industry one of the pillars of the Kyrgyzstan’s economy. The major gold mine in the […]
October 14, 2015

Development of the Trans-Caspian International Transport Route

Nowadays, maritime routes dominate the intercontinental freight traffic between Asia and Europe. However, due to the fact that the volume of foreign trade between major markets in Eurasia is expected to increase by 1.5 times, from $800 billion in 2014 to $1.2 trillion by 2020, the Eurasian countries located away […]
October 6, 2015

Results Of SCO And BRICS Summits In Ufa

The Shanghai Cooperation Organization (SCO) and the BRICS Summits were held on July 8-10, 2015 in the capital city of Bashkortostan, Ufa. The Summits location was chosen due to the fact that Russia is carrying responsibilities of the term president in both organizations, namely, Russia’s presidency in the BRICS started […]
September 29, 2015

Current Situation of the International North South Transport Corridor

The International North-South Transport Corridor (INSTC) project was established in 2000 by Russia, India and Iran with a purpose of creating a corridor shorter than the current maritime Suez Canal transportation route in order to reduce the time and transportation costs of trade in goods. Later on, Belarus, Kazakhstan, Tajikistan, […]
September 22, 2015

V Summit Of The Turkic Council: Common Information Space And Enhancing Multilateral Cooperation

The V Summit of the Turkic Council was held in Astana on September 11, 2015. The main topic of the Summit included the enhancement and the development of multilateral cooperation, particularly, in the field of “media and information” and other various fields. Field of Media and Information: This field was the […]
September 20, 2015

Implementation of the Fiscal Policy in the Economy of Kazakhstan in 2015

Kazakhstan, like the other Eurasian countries, has been hit by large external shocks such as low oil prices and slowdown in Russian and Chinese economies. Kazakhstan’s real GDP growth rate reduced from 6% (five-year average) to 1.5% due to reduced domestic demand in 2015. Besides, after the 2009 and 2014 […]
September 15, 2015

Trade Cooperation Between Kazakhstan and China: Recent Trends and Future Perspectives

In August 30, 2015 President Nursultan Nazarbayev paid an official visit to China to take part in the celebration of the 70th anniversary of the Victory in the Pacific Day. Apart from discussing current issues of mutual interest, the two leaders discussed new opportunities of bilateral trade. The visit ended […]
September 8, 2015

Transition To The Floating Exchange Rate System In Kazakhstan

As a result of low oil prices in the world markets, sanctions against Russia, depreciation of Russian ruble and devaluation in China, Kazakhstan has had to accept the floating exchange rate regime and to start implementation of a new monetary policy since August 20, 2015. Kazakhstan faced a low growth […]
July 28, 2015

Recent Developments in India-Kazakhstan Energy Cooperation

Kazakhstan is India’s largest trading partner among the Central Asian states. The cooperation on energy resources and trade of natural resources is an important component of the partnership between India and Kazakhstan. The main commercial commodities between the countries are oil and oil products, uranium, asbestos, titanium, pharmaceuticals and agriculture. […]