Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of National Welfare Fund Samruk-Kazyna JSC. The results of the Fund's work for 2024 and issues of its further development were considered, taking into account the tasks set by President Kassym-Jomart Tokayev during the extended Government session.
Nurlan Zhakupov, Chairman of the Management Board of National Welfare Fund Samruk-Kazyna JSC, reported on the implementation of investment projects.
In order to ensure uninterrupted power supply, power unit №1 of Ekibastuz GRES-1 was restored with capacity increase up to 4000 MW. As part of the work to improve the environment, a project to create gas infrastructure for Almaty CHPP-2 and CHPP-3 was implemented. A fifth reinjection compressor was introduced to improve the efficiency of the Karachaganak field. In the transport and logistics direction, a cargo terminal was built in Xi'an, which made it possible to reduce cargo delivery times and increase the attractiveness of Kazakhstani routes. In addition, more than 250 kilometres of gas pipeline and 500 kilometres of railway tracks were laid, and train traffic was launched on 132 kilometres of the Dostyk-Moyinty second track. Also during the reporting period, projects unique for Kazakhstan were initiated: construction of a hydro accumulation station and the first digital substation of the city of Astana.
In total, the list currently includes 46 investment projects in the oil and gas, petrochemical, energy, transport and logistics and other sectors totalling 33.3 trillion tenge.
This year it is planned to complete works on gas supply to 66 settlements of Zhetisu region due to commissioning of the Taldykorgan-Usharal gas trunkline. The problem of water deficit in Zhanaozen city and Mangystau region is planned to be solved by launching a seawater desalination plant with a capacity of 50 thousand m3/day in Kenderli. Increasing the capacity of the Trans-Caspian International Transport Route (TITR) and the Dostyk-Moyinty section of the railway line will give a serious impetus to the development of transit. To meet the needs of the domestic market, hydrotreating of diesel fuel will be installed at PNHZ and bitumen production will be expanded at CASPI BITUM. Special attention was paid to the progress of construction of the second section of the main gas pipeline ‘Beineu-Bozoi-Shymkent’, which will increase the throughput capacity to 15 billion m3 of gas per year, including the discussion of co-investment instruments.
The projected share of local content in the projects varies by sector. For example, for projects in the transport and logistics sector this indicator is 85%, for energy projects - 60%, for other projects - 80%.
Also in 2024, additional measures were envisaged to support domestic commodity producers. Due to this, contracts for 1.1 trillion tenge were concluded with OTP, the growth compared to 2023 was 76%. Offtake contracts for 191 billion tenge were concluded, which is 10 times more than in 2023. In addition, the procurement system of the Fund for the first time was recognised as meeting the advanced standards of the EBRD, ADB and OECD.
The Prime Minister noted the need to strengthen the work on attracting private investment in the implementation of projects important for the country.
"As Head of State stressed, the priority of our work should be large infrastructure and industrial projects, development of transport and logistics, as well as digitalisation and artificial intelligence. The government will control the status of implementation of projects important for the country. It is necessary to actively involve co-investors, gradually reducing the share of the state in the economy," Olzhas Bektenov emphasised.
The Head of the Government also focused on the need to optimise processes and strict control over compliance with the deadlines for the implementation of projects to prevent delays and unjustified increase in cost.
By the press service of Kazakh PM
Ambassador of Kazakhstan to Finland Azamat Abdraimov met with Chairman of the International Affairs Committee of the Parliament of Finland Johannes Koskinen.
During the meeting, the sides stressed the importance of developing inter-parliamentary bilateral and regional cooperation. Special attention was paid to the prospects of organizing mutual visits of parliamentarians, as...
Ambassador of Kazakhstan to Finland Azamat Abdraimov met with Chairman of the International Affairs Committee of the Parliament of Finland Johannes Koskinen.
During the meeting, the sides stressed the importance of developing inter-parliamentary bilateral and regional cooperation. Special attention was paid to the prospects of organizing mutual visits of parliamentarians, as...
Salaries in the insurance and pension sectors have increased dramatically. The average monthly salary in 2024 was 402.6 thousand tenge in Kazakhstan. Nominal salaries increased by 11.6% compared to 2023, while real salaries increased by 2.7%, according to the Bureau of National Statistics.
The highest salary was recorded in the field...
Salaries in the insurance and pension sectors have increased dramatically. The average monthly salary in 2024 was 402.6 thousand tenge in Kazakhstan. Nominal salaries increased by 11.6% compared to 2023, while real salaries increased by 2.7%, according to the Bureau of National Statistics.
The highest salary was recorded in the field...
Kazakhstan has made significant strides in integrating sustainable development within its private sector. According to the 2024 UN Sustainable Development Report, the country ranked 66th out of 167 nations in the 2023 Sustainable Development Goals (SDGs) Index, reflecting its growing commitment to responsible business practices.
The Astana Times spoke with Dinara...
Kazakhstan has made significant strides in integrating sustainable development within its private sector. According to the 2024 UN Sustainable Development Report, the country ranked 66th out of 167 nations in the 2023 Sustainable Development Goals (SDGs) Index, reflecting its growing commitment to responsible business practices.
The Astana Times spoke with Dinara...
The Analytical Centre of the Association of Financiers of Kazakhstan published the results of another survey of professional financial market participants regarding some indicators in February 2025.
Against the background of the acceleration of monthly inflation to the highest level in the last 11 months (1.1% in January) and the discussed...
The Analytical Centre of the Association of Financiers of Kazakhstan published the results of another survey of professional financial market participants regarding some indicators in February 2025.
Against the background of the acceleration of monthly inflation to the highest level in the last 11 months (1.1% in January) and the discussed...
The launch of tokenized mortgage bonds will allow the use of digital tools in the real sector of the economy. This opinion was expressed by Yaroslav Kabakov, Finama's Director of Strategy.
The LS interlocutor believes that the appearance of this instrument on the local stock market will be an important step...
The launch of tokenized mortgage bonds will allow the use of digital tools in the real sector of the economy. This opinion was expressed by Yaroslav Kabakov, Finama's Director of Strategy.
The LS interlocutor believes that the appearance of this instrument on the local stock market will be an important step...
When listing Kazakhstani companies, priority should be given to local investors. This opinion was shared by professional participants.
Changes are expected in the stock market of Kazakhstan. Russia plans to increase the share of domestic securities placements from 20% to 50% while simultaneously launching them on foreign markets.
Evaluating this amendment, Dauren...
When listing Kazakhstani companies, priority should be given to local investors. This opinion was shared by professional participants.
Changes are expected in the stock market of Kazakhstan. Russia plans to increase the share of domestic securities placements from 20% to 50% while simultaneously launching them on foreign markets.
Evaluating this amendment, Dauren...
The Damu provided details on the creation of a guarantee fund for lending to SMEs. According to their information, this structure will be created on the basis of the same fund.
"The transformation process has been underway since 2023. Discussions are currently underway with second-tier banks on their participation in the...
The Damu provided details on the creation of a guarantee fund for lending to SMEs. According to their information, this structure will be created on the basis of the same fund.
"The transformation process has been underway since 2023. Discussions are currently underway with second-tier banks on their participation in the...
From February 3-7, 2025, 3,949 transactions with shares of 35 companies totalling 1,273.6 million tenge and 1,835 transactions with ETFs of nine funds totalling 575.1 million tenge were concluded in the KASE Global sector, the correspondent of the Kapital Business Information Centre reports.kz with reference to data from the...
From February 3-7, 2025, 3,949 transactions with shares of 35 companies totalling 1,273.6 million tenge and 1,835 transactions with ETFs of nine funds totalling 575.1 million tenge were concluded in the KASE Global sector, the correspondent of the Kapital Business Information Centre reports.kz with reference to data from the Kazakhstan Stock Exchange...
According to the results of daily trading on the Kazakhstan Stock Exchange, the weighted average dollar exchange rate amounted to 510.49 tenge, having decreased by 0.52 tenge. The official exchange rate of the National Bank on February 10 was set at 511.18 tenge.
At the moment, in Almaty exchange offices, the...
According to the results of daily trading on the Kazakhstan Stock Exchange, the weighted average dollar exchange rate amounted to 510.49 tenge, having decreased by 0.52 tenge. The official exchange rate of the National Bank on February 10 was set at 511.18 tenge.
At the moment, in Almaty exchange offices, the...
The Oil and Gas Council of Kazakhstan announced the new appointment on social media. Nurlan Muratov became ExxonMobil's Deputy Managing Director for Kazakhstan, managing ExxonMobil's stake in the Tengiz project.
"Nurlan is the first Kazakhstani to take up this position in the management of the Tengiz project at ExxonMobil," the statement...
The Oil and Gas Council of Kazakhstan announced the new appointment on social media. Nurlan Muratov became ExxonMobil's Deputy Managing Director for Kazakhstan, managing ExxonMobil's stake in the Tengiz project.
"Nurlan is the first Kazakhstani to take up this position in the management of the Tengiz project at ExxonMobil," the statement...
Large oil and gas companies were fined more than 45 billion tenge. The Ministry of Ecology and Natural Resources provided details. According to the information provided by the agency, the courts are considering several disputes against companies.
For example, Mangystaumunaigas (MMG) was fined 32.2 billion tenge for a number of violations....
Large oil and gas companies were fined more than 45 billion tenge. The Ministry of Ecology and Natural Resources provided details. According to the information provided by the agency, the courts are considering several disputes against companies.
For example, Mangystaumunaigas (MMG) was fined 32.2 billion tenge for a number of violations....
For the first time, the Batumi seaport shipped Kazakhstan's ammophos (nitrogen-phosphorus soluble fertiliser) in the amount of 3 thousand tonnes, the press service of KazTransOil reports (90% of shares belong to KazMunayGas). This is the first time that ammophos has been exported via this route.
Kazakh ammophos was delivered to Batumi...
For the first time, the Batumi seaport shipped Kazakhstan's ammophos (nitrogen-phosphorus soluble fertiliser) in the amount of 3 thousand tonnes, the press service of KazTransOil reports (90% of shares belong to KazMunayGas). This is the first time that ammophos has been exported via this route.
Kazakh ammophos was delivered to Batumi...
Currently, production sharing agreements (PSAs) have not been concluded with all operators. For example, Tengizchevroil does not have a PSA, but it has a Stable contract that expires in 2033. About the current situation in the oil market regarding the division of products, and how it can be changed in...
Currently, production sharing agreements (PSAs) have not been concluded with all operators. For example, Tengizchevroil does not have a PSA, but it has a Stable contract that expires in 2033. About the current situation in the oil market regarding the division of products, and how it can be changed in...
KAZ Minerals Copper Group increased ore processing by 6% to 96.5 million tonnes by the end of 2024. In the report on production activities for the past year, the company calls this result a record. At the same time, production of gold, silver, copper and zinc decreased.
"In 2024, KAZ Minerals...
KAZ Minerals Copper Group increased ore processing by 6% to 96.5 million tonnes by the end of 2024. In the report on production activities for the past year, the company calls this result a record. At the same time, production of gold, silver, copper and zinc decreased.
"In 2024, KAZ Minerals...
Mayor of Shymkent Gabit Syzdykbekov met with the French delegation. French Ambassador Sylvain Gioguet, representatives of the France-Kazakhstan Chamber of Commerce and Industry (CCIFK) and EDF, Veolia, AZ Syndicat, C3Medical, Dualest, ALMGT joint venture, Richel Group discussed the possibility of launching projects in Shymkent. Gabit Syzdykbekov noted that the agreements...
Mayor of Shymkent Gabit Syzdykbekov met with the French delegation. French Ambassador Sylvain Gioguet, representatives of the France-Kazakhstan Chamber of Commerce and Industry (CCIFK) and EDF, Veolia, AZ Syndicat, C3Medical, Dualest, ALMGT joint venture, Richel Group discussed the possibility of launching projects in Shymkent. Gabit Syzdykbekov noted that the agreements...
According to the results of January-December 2024, the production of household appliances in Kazakhstan amounted to 7.2 billion tenge, against 2.9 billion tenge a year earlier. In value terms, there was a 2.5-fold increase over the year.
Most household appliances were produced in the Karaganda region: by 3.1 billion tenge (or...
According to the results of January-December 2024, the production of household appliances in Kazakhstan amounted to 7.2 billion tenge, against 2.9 billion tenge a year earlier. In value terms, there was a 2.5-fold increase over the year.
Most household appliances were produced in the Karaganda region: by 3.1 billion tenge (or...
Kazakhstan exported 4.8 million tonnes of grain of the new crop, with reference to the press service of the Ministry of Agriculture.
"According to the operational data of KTZ, 6.1 million tonnes of grain were transported in September-January 2024/2025, including 1.3 million tonnes domestically and 4.8 million tonnes for export. The...
Kazakhstan exported 4.8 million tonnes of grain of the new crop, with reference to the press service of the Ministry of Agriculture.
"According to the operational data of KTZ, 6.1 million tonnes of grain were transported in September-January 2024/2025, including 1.3 million tonnes domestically and 4.8 million tonnes for export. The...
Kazakh farmers have become less likely to borrow money in foreign currency. According to the National Bank, as of January 1, 2025, the volume of agricultural loans reached 534.7 billion tenge, which is 11.8% more than last year.
Over the year, there has been a decrease in the share of loans...
Kazakh farmers have become less likely to borrow money in foreign currency. According to the National Bank, as of January 1, 2025, the volume of agricultural loans reached 534.7 billion tenge, which is 11.8% more than last year.
Over the year, there has been a decrease in the share of loans...
Trains will become even more expensive for Kazakhstanis. Kazakhstan Temir Zholy intends to increase the cost of tickets annually. The national company reported that in the field of passenger transportation, tariffs will be reduced by 7% on-year in accordance with the terms of contracts for long-term subsidisation of operator expenses...
Trains will become even more expensive for Kazakhstanis. Kazakhstan Temir Zholy intends to increase the cost of tickets annually. The national company reported that in the field of passenger transportation, tariffs will be reduced by 7% on-year in accordance with the terms of contracts for long-term subsidisation of operator expenses...
The international organisation Skytrax compiles an annual rating of the world's airports, evaluating their quality and services.
The rating is based on feedback from passengers who have visited the airport in the last 12 months. There are 31 criteria on the list of questions by which you can evaluate the service....
The international organisation Skytrax compiles an annual rating of the world's airports, evaluating their quality and services.
The rating is based on feedback from passengers who have visited the airport in the last 12 months. There are 31 criteria on the list of questions by which you can evaluate the service....
The airline reminded customers of what to do if an error was found in the boarding pass and in which cases they might not be allowed on the plane.
An error in filling out the documents for the ticket is a frequent occurrence. But the airline said that when making domestic...
The airline reminded customers of what to do if an error was found in the boarding pass and in which cases they might not be allowed on the plane.
An error in filling out the documents for the ticket is a frequent occurrence. But the airline said that when making domestic...
In October 2024, Freedom Telecom (part of Freedom Holding Corp. Timur Turlov) acquired the telecommunications company EliteCom for $3 million, according to the financial report.
Elite provides Internet, telephone, and cable television access for private (B2C) clients, as well as Internet services for businesses (B2B).
"The purpose of the acquisition of Elite...
In October 2024, Freedom Telecom (part of Freedom Holding Corp. Timur Turlov) acquired the telecommunications company EliteCom for $3 million, according to the financial report.
Elite provides Internet, telephone, and cable television access for private (B2C) clients, as well as Internet services for businesses (B2B).
"The purpose of the acquisition of Elite...
IndiGo, India’s largest low-cost airline, plans to launch a new Astana-Delhi route starting May 14, with flights operating three times a week on Airbus aircraft.
According to the Kazakh Transport Ministry, the flight is expected to enhance cooperation between the countries and boost the development of the nation’s transit potential.
Kazakhstan’s flagship...
IndiGo, India’s largest low-cost airline, plans to launch a new Astana-Delhi route starting May 14, with flights operating three times a week on Airbus aircraft.
According to the Kazakh Transport Ministry, the flight is expected to enhance cooperation between the countries and boost the development of the nation’s transit potential.
Kazakhstan’s flagship...
On February 6, Kazakhstan’s Ministry of Digital Development, Innovation, and Aerospace Industry signed a memorandum of cooperation with Freedom Telecom Holding Ltd. to construct a fiber-optic highway and data centers for the transit and storage of international internet traffic.
According to the ministry, the West-East national highway will significantly expand data...
On February 6, Kazakhstan’s Ministry of Digital Development, Innovation, and Aerospace Industry signed a memorandum of cooperation with Freedom Telecom Holding Ltd. to construct a fiber-optic highway and data centers for the transit and storage of international internet traffic.
According to the ministry, the West-East national highway will significantly expand data...
Real estate and rental prices continue to rise in Kazakhstan. In January of this year, the average price for new housing in the republic was 499.9 thousand tenge per 1 sq. m. This is 4.1% higher compared to the same month last year.
From the data of the Bureau of National...
Real estate and rental prices continue to rise in Kazakhstan. In January of this year, the average price for new housing in the republic was 499.9 thousand tenge per 1 sq. m. This is 4.1% higher compared to the same month last year.
From the data of the Bureau of National...
The nominal GDP of Russia by the end of 2024 has grown to 200 trillion rouble, Rosstat estimates. Last Friday, Prime Minister Mikhail Mishustin reported to Vladimir Putin on the doubling of the indicator in four years. This figure is the accumulated result of several stages of significant state stimulation...
The nominal GDP of Russia by the end of 2024 has grown to 200 trillion rouble, Rosstat estimates. Last Friday, Prime Minister Mikhail Mishustin reported to Vladimir Putin on the doubling of the indicator in four years. This figure is the accumulated result of several stages of significant state stimulation...
Real production activity in the Russian economy almost froze in 2025. And the statistical increase in value added remains only in non-producing sectors in financial services and public administration, Russian economists have calculated. Without new Western sanctions, our economy will continue to grow slightly this year. Although local production declines...
Real production activity in the Russian economy almost froze in 2025. And the statistical increase in value added remains only in non-producing sectors in financial services and public administration, Russian economists have calculated. Without new Western sanctions, our economy will continue to grow slightly this year. Although local production declines...
The Russian stock market was optimistic at the beginning of the new week and was growing in the first half of Monday, February 10, driven, firstly, by unconfirmed reports of Trump's call to Putin, and secondly, by the expectation that the Central Bank's interest rate will remain at 21% on...
The Russian stock market was optimistic at the beginning of the new week and was growing in the first half of Monday, February 10, driven, firstly, by unconfirmed reports of Trump's call to Putin, and secondly, by the expectation that the Central Bank's interest rate will remain at 21% on...
The Chinese authorities have launched a pilot program that will allow insurance companies to invest in gold for the first time.
This is expected to free up billions of dollar of potential investments in the precious metal and could give a new impetus to its value growth.
According to the program, which...
The Chinese authorities have launched a pilot program that will allow insurance companies to invest in gold for the first time.
This is expected to free up billions of dollar of potential investments in the precious metal and could give a new impetus to its value growth.
According to the program, which...
President of Turkmenistan Serdar Berdimuhamedov signed a decree approving the country's socio-economic Development and Investment Program in 2025, which provides for the allocation of $11.4 billion to the country's economy and an increase in exports to $20 billion. The relevant document was published on Saturday in the Neutral Turkmenistan newspaper.
The...
President of Turkmenistan Serdar Berdimuhamedov signed a decree approving the country's socio-economic Development and Investment Program in 2025, which provides for the allocation of $11.4 billion to the country's economy and an increase in exports to $20 billion. The relevant document was published on Saturday in the Neutral Turkmenistan newspaper.
The...
Tajikistan's foreign trade turnover in 2024, according to statistics, reached $8.95 billion, which is 7.5% more than in 2023, or $626.1 million, according to a report by the Ministry of Economic Development and Trade.
According to the ministry, exports of goods during this period amounted to $1.94 billion. "The export structure...
Tajikistan's foreign trade turnover in 2024, according to statistics, reached $8.95 billion, which is 7.5% more than in 2023, or $626.1 million, according to a report by the Ministry of Economic Development and Trade.
According to the ministry, exports of goods during this period amounted to $1.94 billion. "The export structure...
Investments in fixed assets of the railway sector in China in January this year amounted to 43.9 billion yuan (about 6.12 billion US dollar), according to data from the Chinese Railways Corporation, published on Monday.
According to the Chinese Railways, this indicator increased by 3.7 percent in annual terms.
During the reporting...
Investments in fixed assets of the railway sector in China in January this year amounted to 43.9 billion yuan (about 6.12 billion US dollar), according to data from the Chinese Railways Corporation, published on Monday.
According to the Chinese Railways, this indicator increased by 3.7 percent in annual terms.
During the reporting...
China is accelerating the reform of its pricing system for electricity generated from renewable energy sources in accordance with market principles in order to create a new energy system and promote the sustainable development of the renewable energy sector.
The State Committee for Development and Reforms and the State Administration for...
China is accelerating the reform of its pricing system for electricity generated from renewable energy sources in accordance with market principles in order to create a new energy system and promote the sustainable development of the renewable energy sector.
The State Committee for Development and Reforms and the State Administration for...
According to the Chinese Centre for Foreign Exchange Transactions, compared with the previous trading day, the central parity rate of the Chinese yuan against the US dollar weakened by 8 basis points to 7,1707 yuan per dollar.
On the previous trading day, the yuan-dollar exchange rate was 7.1699 yuan per dollar.
By...
According to the Chinese Centre for Foreign Exchange Transactions, compared with the previous trading day, the central parity rate of the Chinese yuan against the US dollar weakened by 8 basis points to 7,1707 yuan per dollar.
On the previous trading day, the yuan-dollar exchange rate was 7.1699 yuan per dollar.
By...
The consumer price index (CPI) in China increased by 0.5 percent in January 2025. year-on-year, compared with an increase of 0.1 percent in December last year, according to data published on Sunday by the State Statistical Office of the People's Republic of China.
Dong Lijuan, a leading statistician at the GSU,...
The consumer price index (CPI) in China increased by 0.5 percent in January 2025. year-on-year, compared with an increase of 0.1 percent in December last year, according to data published on Sunday by the State Statistical Office of the People's Republic of China.
Dong Lijuan, a leading statistician at the GSU,...
Date: February 11, 2025; Source: Bloomberg.com |
Date: February 11, 2025; Source: Bloomberg.com |
1 US DOLLAR | USD / KZT | 510.49 |
1 EURO | EUR / KZT | 527.29 |
1 RUSSIAN ROUBLE | RUB / KZT | 5.27 |
1 CHINESE YUAN | CNY / KZT | 69.88 |
1 KYRGYZIAN SOM | KGS / KZT | 5.84 |
1 GREAT BRITAIN POUND | GBP / KZT | 633.62 |
1 CANADIAN DOLLAR | CAD / KZT | 356.16 |
1 AUSTRALIAN DOLLAR | AUD / KZT | 320.54 |
Date: February 11, 2025; Source: the National Bank of Kazakhstan
1 US DOLLAR |
USD / KZT |
510.49 |
1 EURO |
EUR / KZT |
527.29 |
1 RUSSIAN ROUBLE |
RUB / KZT |
5.27 |
1 CHINESE YUAN |
CNY / KZT |
69.88 |
1 KYRGYZIAN SOM |
KGS / KZT |
5.84 |
1 GREAT BRITAIN POUND |
GBP / KZT |
633.62 |
1 CANADIAN DOLLAR |
CAD / KZT |
356.16 |
1 AUSTRALIAN DOLLAR |
AUD / KZT |
320.54 |