Kazakh minister beats back: tariff hikes justified

Kazakhstan is in the wake of a series of tariff hikes on the Kazakh rail network. Businesses and parliamentarians have protested the frequent price increases, and the government cancelled an earlier planned hike. Now, the Kazakh transport minister is beating back: the Kazakh network is cheap and the hikes are justified. “We need to point…

Fuel, electricity and labour costs behind new KTZ cargo fee hikes

Higher fuel, electricity and labour costs are forcing Kazakh Railways’ cargo division (KTZ-GP) to increase its prices. Indebted Kazakh Railways (KTZ) is increasing its prices all across the board, to the dismay of the business community. KTZ is deeply in debt and needs higher income to cover its budget gaps. Even with a fourfold revenue…