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Kazakh Government suggests reducing VAT accounting threshold to 40 mln tenge
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Construction and installation work is scheduled to begin in the near future, with an initial tranche of funding in the amount of approximately US$50 million already allocated for this purpose. Due to the revision of projects to increase the scale of construction, the total investment will amount to approximately US$2 billion", - he said.
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Growth in mechanical engineering, chemicals, and metallurgy: manufacturing output increased by 5.9%
The growth in indicators is driven by increased domestic demand and the implementation of investment projects. This year, automobile manufacturing plants in Kostanay and a multibrand plant in Almaty were commissioned, as well as a passenger railcar manufacturing enterprise in Astana and a freight railcar plant in Atyrau," Olzhas Saparbekov reported.
The construction phase at the field has been completed, and commissioning works are underway. The share of this project accounted for more than half of all construction and installation works in the region. Thus, the current changes are temporary in nature and are due to the high base of the previous year," the speaker noted.
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Growth of 20.3% and launch of large-scale railway projects: results of transport sector development
The increase was driven by the development of basic sectors of the economy: the mining and metallurgical complex, the oil and gas industry, agriculture, construction, and trade. In regional terms, the leaders in growth were the city of Astana, Zhetysu Region, and Kostanay Region," the Deputy Minister noted.
All the measures being implemented create conditions for stable growth of the sector and an increase in its contribution to the country’s economy," the Deputy Minister concluded.
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