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Soyuz rocket launch failure: recent developments

A carrier failure has occurred today after the launch of the Soyuz spacecraft to the International Space Station (ISS) with Russian cosmonaut Alexey Ovchinin and NASA astronaut Nick Hague onboard. A …

Fitch affirms Kazakhstan's rating at 'BBB'

Fitch Ratings, the international rating agency, affirmed Kazakhstan’s long-term issuer default rating (IDR) at ‘BBB’ with ‘Stable’ outlook. The sovereign balance remains strong  and assets in the …

Kazakh plant to manufacture new LADA Granta cars

The ASIA AUTO plant in Ust-Kamenogorsk City of Kazakhstan is starting to manufacture the new LADA Granta cars, AzerNews reported citing Kazakh media. "LADA retains the status of an anchor brand in Kazakhstan’s automotive …

Putin and Nazarbayev hold phone conversation

Russian President Vladimir Putin had a telephone conversation with President of Kazakhstan Nursultan Nazarbayev, the Kremlin reported on its website. The Kazakh leader expressed his condolences over the …

Kazakh President appoints finance minister

Kazakh President Nursultan Nazarbayev appointed his aide Alikhan Smailov as the country's  finance minister, continuing a broader government reshuffle. Smailov, 45, had earlier worked as the …

IMF upgrades Kazakhstan GDP forecast

The International Monetary Fund (IMF) expects Kazakhstan’s economy to expand 3.7% in 2018 and 3.1% in 2019, the fund said in a press release. "The growth rate of Kazakhstan's economy increased due to an increase in oil …

Kazakh president to visit Turkey on Thursday

Kazakh president will pay an official visit to Turkey on Thursday, according to Kazakh presidential sources, Anadolu agency reported. Nursultan Nazarbayev will meet Turkish President Recep Tayyip Erdogan …