(IN BRIEF) Metso has signed a distribution agreement with Korund, making Korund the official distributor for Metso’s crushing and screening solutions in Kazakhstan and Kyrgyzstan. The partnership will focus on the aggregates segment, with Korund providing Metso’s equipment, wear parts, … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Technology
Tagged Carlos Padim, Central Asia, Crushing, Dr. Valentin Bereza, Kazakhstan, Korund, Kyrgyzstan, Metso, partnership, Screening Solutions, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is spearheading efforts to tackle water treatment and environmental challenges in Aktobe, Kazakhstan’s fourth-largest municipality, through the financing of a new wastewater treatment plant and associated infrastructure. With a sovereign … Read the full press release
Posted in Banks, Business, Construction, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Aktobe, EBRD, JSC Aqtobe Su-Energy Group, Kazakhstan, modernization, partnership, sustainability, wastewater treatment plant
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is aiding the growth of Araltuz, a prominent salt producer in Kazakhstan, by providing a convertible loan of up to KZT 5.5 billion. This funding will facilitate the modernization of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Araltuz, EBRD, Kazakhstan, partnership, Production Facility Upgrades, sustainability
(IN BRIEF) In a significant step towards sustainability, LUKOIL lays a commemorative capsule to signify the beginning of construction for a solar power plant (SPP) in the Almaty region of Kazakhstan. The project, with a design capacity of 4.95 MW, … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Atameken-Agro, a leading agricultural holding in Kazakhstan, to support the modernization and environmental improvement of its agricultural machinery. This initiative aims to enhance … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged agricultural, Atameken-Agro, EBRD, Environmental Enhancement, Kazakhstan, modernization, partnership, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is taking steps to tackle youth unemployment and promote entrepreneurship in Central Asia by introducing a seven-year, €200 million (US$218 million) Youth in Business program. This initiative aims to provide … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged Arnur Credit, Central Asia, EBRD, Entrepreneurship, Hamkorbank, Kazakhstan, Mongolia, MSMEs, partnership, Shinhan Bank Kazakhstan, Transcapital, Uzbekistan, Youth in Business Program, youth unemployment
(IN BRIEF) Škoda Auto is furthering its collaboration with Allur in Kazakhstan, signing key agreements to solidify their partnership. The focus of this cooperation includes vehicle assembly from Semi Knocked Down (SKD) kits starting next year, exploring local production from … Read the full press release
(IN BRIEF) TotalEnergies has signed an Agreement on Investment (AoI) for its Mirny project during COP28 in Dubai. This project, the largest wind energy initiative ever undertaken in Kazakhstan, will provide low-carbon electricity to over 1 million people and reduce … Read the full press release
(IN BRIEF) FLSmidth Mining is strengthening its worldwide service network by expanding service centers in Karaganda, Kazakhstan, and Tucson, USA. In Karaganda, the existing service center will grow significantly, providing enhanced service capabilities for heavy mining products. In Tucson, a … Read the full press release
Posted in Business, Denmark, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged and Tucson, FLSmidth, Joshua Meyer, Karaganda, Kazakhstan, Mining Industry, partnership, sustainability, USA
(IN BRIEF) Škoda Auto, the Czech car manufacturer, is making a strategic return to the Kazakhstan market by partnering with Allur Company for sales and production. They have signed a partnership agreement, and starting in early 2024, four Škoda models … Read the full press release
Posted in Automotive, Business, Czech Republic, Environment, Government, Industrial, Management, Marketing, News
Tagged Allur Company, Kazakhstan, Klaus Zellmer, marketing, Martin Jahn, partnership, ŠKODA AUTO, sustainability
(IN BRIEF) Plenitude, a subsidiary of Eni focused on renewable energy, has inaugurated its first photovoltaic plant in Kazakhstan near Shaulder village in the Turkistan Region. With an installed capacity of 50 MW, this facility marks Plenitude’s entry into the … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News
Tagged Darkhan Satybaldy, Eni, Kazakhstan, Marco Alberti, partnership, Photovoltaic Plant, Plenitude, Shaulder photovoltaic farm, Stefano Goberti, sustainability
(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, has inaugurated its first bogie centre in Astana, Kazakhstan. The centre will produce and maintain bogies for various railway vehicles throughout their lifecycle. Alstom invested over €15 million in … Read the full press release
Posted in Business, France, Industrial, Infrastructure & Utilities, Management, News, Transportation & Logistics
Tagged Alstom, Bogie Centre, Kanat Alpysbayev, Kazakhstan, railway
(IN BRIEF) TotalEnergies has signed a Power Purchase Agreement (PPA) for the Mirny wind project in Kazakhstan, marking the country’s largest wind energy initiative. The project involves a 1 GW onshore wind farm and a 600 MWh battery energy storage … Read the full press release
Posted in Business, Energy, Gas & Oil, France, Industrial, Infrastructure & Utilities
Tagged Almassadam Satkaliyev, battery energy storage, energy transition, gas, Kazakhstan, KazMunayGas, Mirny project, National Wealth Fund Samruk-Kazyna, oil, Patrick Pouyanné, Power Purchase Agreement, PPA, renewable energy, TotalEnergies, wind farm, Wind Project, Zhambyl
(IN BRIEF) Alstom has appointed Laurent Bazin as the General Director for EKZ (Electric Locomotives Assembly Plant) in Astana, Kazakhstan. With extensive experience in supply chain and procurement roles, Laurent has contributed significantly to Alstom over the years. In his … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested KZT 6 billion (€13 million) in a local currency bond issued by Kazakhstan’s transmission system operator, KEGOC. The investment will support KEGOC’s first floating TONIA-linked local currency bond, … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, United Kingdom
Tagged Climate Investment Funds, EBRD, electrical grid, KASE, Kazakhstan, Kazakhstan Stock Exchange, KEGOC, National Bank of Kazakhstan, renewable energy, tenge overnight index average rate, The European Bank for Reconstruction and Development, TONIA
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is launching a new financing facility to help Kazakhstan reduce energy consumption and promote the use of renewable energy sources. The EBRD is providing funds of up to $150m to … Read the full press release
Posted in Banks, Construction, Economy, Environment, Financial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged EBRD, Financial, Green Economy Financing Facility II, Kazakhstan, UK
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a KZT 4.1 billion (€8.5 million) loan to the Regional Center of Public-Private Partnership of the East Kazakhstan region, which will allow the city of Ust-Kamenogorsk to upgrade … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Industrial, Management, News, United Kingdom
Tagged EBRD, Green Cities programme, Kazakhstan, LED street lights, UK
New legal framework improves risk management for businesses in Kazakhstan (PRESS RELEASE) LONDON, 16-Jan-2023 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, has announced that Kazakhstan‘s capital markets are set to receive … Read the full press release
Posted in Banks, Financial, Investment, Law
Tagged Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, Business, capital markets, Close-out netting, Currency exchange, derivatives, EBRD, economy, Financial development, financial markets, Foreign professional organisations, Interest-rate-related risks, Investment growth, Kazakhstan, legislation, Netting, Regulatory framework, Risk hedging, risk management, Technical Assistance
EBRD extends US$ 60 million financing package to Bank CenterCredit Funds to promote green and small business lending Latest project under the EBRD’s GEFF (PRESS RELEASE) LONDON, 30-Jun-2022 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a … Read the full press release
Posted in Banks, Environment, Financial, Investment, News, United Kingdom
Tagged Bank CenterCredit, BCC, Climate Investment Funds, EBRD, GEFF, Green Economy Financing Facility, green lending, Kazakhstan, loan
EBRD erweitert Bank CenterCredit Finanzierungspaket in Höhe von 60 Millionen US-Dollar Mittel zur Förderung der Kreditvergabe an grüne und kleine Unternehmen Neuestes Projekt im Rahmen des GEFF der EBWE (PRESSEMITTEILUNG) LONDON, 30-Jun-2022 — /EuropaWire/ — Die Europäische Bank für Wiederaufbau … Read the full press release
Posted in Banks, Environment, Financial, Investment, United Kingdom
Tagged Bank CenterCredit, BCC, Climate Investment Funds, EBRD, GEFF, Green Economy Financing Facility, green lending, Kazakhstan, loan
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