ILO-definition unemployment rate remains flat at 5.2% in August, the State Stat Agency has informed. The number of unemployed people amounted to 469,400 people in August. The number of unemployed officially registered with the employment office of the Ministry of Labor and Social Protection came to 58,800 people or 0.6% of economically active population. The level of hidden unemployment stood at 0.4%, the Agency has informed. As of August, there were 8.6mn working people in Kazakhstan, 0.2% y/y up. The number of hired personnel amounted to 5.9mn people or 69.1% of the total number of the working people. The level of unemployment has been decreasing constantly in past 5 years.
Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire 100% interest in Lynx Resources Limited, the owner of the SASA zinc-lead mine ... more
Czech company Liglass Trading has threatened Kyrgyzstan with international arbitration for the annulling of contracts to build and run 12 hydroelectric power plants, Reuters ... more
Kazakh President Nursultan Nazarbayev on September 19 caused a stir by meeting with a leading Kyrgyz presidential candidate, Omurbek Babanov, ahead of the Kyrgyz elections scheduled for October 15. ... more