The First Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Akan Rakhmetullin, met with Executive Coordinator of the United Nations Volunteers (UNV) programme, Toily Kurbanov.

During the meeting, head of the UN agency commended the coordinated efforts of the Government of Kazakhstan in preparing for the International Year of...

According to the Bureau of National Statistics, in the first quarter of 2025, the average nominal salary, excluding employees of small enterprises engaged in entrepreneurial activities, amounted to 423,133 tenge, an increase of 10.7% compared to the first quarter of 2024.

Average salaries increased the most in the following industries:

• Information...

The income gap among Kazakhstanis has reached a tenfold level: programmers and financiers receive over 1.3 million tenge per month, while fishermen receive only 131 thousand tenge.

The average monthly salary in the first quarter of this year amounted to 423.1 thousand tenge in Kazakhstan. Nominal salaries increased by 10.7% compared...

Starting in 2010, 24 banks and the same number of leasing companies in the country participated in the rate subsidy programs. However, the scale of subsidy programs should not be exaggerated. For example, the weight of subsidized loans issued by banks in the total bank lending to the economy did...

The Analytical Centre of the Association of Financiers of Kazakhstan presented an overview of the banking sector of Kazakhstan for the first quarter of 2025.

In January-March of this year, the banking sector issued new loans to economic entities totalling 8.4 trillion tenge, which is 532 billion tenge or 6.7% more...

In April 2025, the volume of dollar purchase and sale transactions in the interbank market of Kazakhstan amounted to $19.5 billion. This is a quarter more than in March ($14.6 billion). At the same time, Kazakhstani banks were more actively getting rid of dollar (by $10.4 billion, or 53.3% of...

This year, 70 billion tenge has been allocated to support the business of Almaty. Including 52.8 billion tenge from the local budget, 17.2 billion tenge from the national budget.

According to the Department of Entrepreneurship and Investments, as of March 1 of this year, 197 projects were supported for a total...

According to the results of daily trading, the weighted average dollar exchange rate amounted to 513.74 tenge, having decreased by 2.3 tenge. The official exchange rate of the National Bank on May 12 was set at 516.01 tenge.

In the exchange offices of Almaty, the dollar was bought on average at...

The Islamic Development Bank (IDB) has approved the provision of a loan and grant to Kazakhstan for the implementation of a large-scale infrastructure development program. This was announced by the Minister of Water Resources and Irrigation Nurzhan Nurzhigitov.

The project is designed for two stages. Under the first one (2025-2027), Kazakhstan...

Kazakhstan's oil exports via the Caspian Pipeline Consortium (CPC) are poised for a significant decline in May, with daily shipments of CPC Blend crude from Russia's Black Sea port of Novorossiysk expected to drop to approximately 1.5 million barrels per day (bpd), down from 1.6 million bpd in April, according...

KMG International, part of KazMunayGas (subsidiary of Samruk-Kazyna), is resuming operation of a petrochemical plant at its Romanian Petromidia refinery, KMG said. According to the national company, polyethylene will be produced from May, but the exact date of resumption of production is not specified.

"The low-density polyethylene (LDPE) production plant has...

The end of the oil era is already in sight, and Kazakhstan will have to change faster. A serious conversation about financial and economic policy is just around the corner, says economist Almas Chukin.

According to him, a significant reduction in taxes and revenues to the National Fund is already visible....

Vice Premier of the State Council of the People's Republic of China He Lifeng and U.S. Treasury Secretary Scott Bessent signed an agreement on ongoing consultations. The main result was a temporary 90-day moratorium on tariff escalation.

"After completing the above-mentioned actions, the parties will create a mechanism to continue discussions...

Prime Minister Olzhas Bektenov held a meeting on the implementation of large industrial projects aimed at creating clusters of high conversion in the chemical and metallurgical industries. Work on the formation of export-oriented industries is carried out in accordance with the instruction of the Head of State Kassym-Jomart Tokayev. 

Minister of...

North Kazakhstan Electric Grid Distribution Company plans to raise the electricity tariff for the main railway network to KZT12,465 per kWh, excluding value added tax (VAT) from KZT8,435 currently, or by 47.8%. The final co-owners of the company are entrepreneurs Alexander Klebanov and Sergey Kan.

The volume of services provided will...

The volume of Portland cement production in Kazakhstan in January-March of this year amounted to 2.1 million tonnes, which is 18.4% more than in the same period last year. It is noteworthy that in the corresponding period a year earlier, output showed a decrease of 5.7%.

For reference: in total, in...

As part of a working trip to the Kostanay region, Minister of Industry and Construction Yersayin Nagaspayev got acquainted with the activities of key enterprises in the region. One of the central points of the program was a visit to the Allur factory, where the minister officially launched the serial...

Projects worth 20 billion tenge will be launched in the PIT special economic zone in Almaty, with reference to the administration of the city.

According to the information, 450 jobs will be created this year due to the launch of 20 facilities. Investments amount to 20 billion tenge. The projects are...

They want to open production in Aktobe region for 450 billion tenge. This was reported in the regional administration.

In response to a request from the editorial board, it is reported that a nickel-cobalt ore processing plant may start operating in the region. The capacity of the enterprise will be 25...

The UK halved the purchase of Kazakhstani silver. In the first quarter of this year, the trade turnover between the two countries decreased by more than half compared to January-March last year, to $729.3 million.

Exports decreased by 40 times in physical terms, to 4.7 thousand tonnes, and in monetary terms...

On April 21, 2025, the National Company Food Contract Corporation repaid three-year bonds totalling 43 billion tenge. The payment included the nominal value of the bonds (40 billion tenge) and the last coupon income (3 billion tenge), the Ministry of Agriculture said in a statement.

The securities were placed in early...

Wheat prices in Kazakhstan remained stable last week. Taking into account the short working week (three working days), the number of active transactions was minimal. This was announced by Evgeny Karabanov, Head of the Analytics Department of the Grain Union of Kazakhstan.

The food corporation continued to actively sell wheat on...

World wheat prices dropped sharply last week. While on the US stock Exchange on May 7, July futures rose to $5.4438 per bushel ($200 per tonne), the trading floor closed on Friday, May 9, at $5.2175 per bushel ($191 per tonne). Possible reasons are optimistic data from the United States...

At the beginning of this year, Kazakhstan increased exports of certain types of household and digital appliances. The table below shows data from the Bureau of National Statistics (BNS) on the dynamics of sales abroad in ten major product categories. In seven of them, in January-February 2025, there was an...

The construction of five cross-border hubs continues in Kazakhstan.

According to the Ministry of Trade and Integration, all of them can be launched before 2027.

The Central Asia International Centre for Industrial Cooperation will appear on the border with Uzbekistan in the Turkestan region, near the Atameken checkpoint.

Its launch is scheduled for...

In Kazakhstan, the cost of transporting crude oil through a pipeline has increased. In April of this year, the average freight rates remained almost unchanged (+0.1%) compared to the same month last year.

Transportation by sea (international traffic) immediately increased in price by 12%.

Transportation by road increased in price by 1.3%....

Kazakhstan plans to ban the use of wagons older than 25 years. On the sidelines of Akorda, Transport Minister Marat Karabayev answered journalists' questions about whether three-track trains will run in Kazakhstan.

"We are currently legislatively working on one rule prohibiting the use of cars older than 25 years. As for...

The national state-owned enterprise Kazaeronavigation reported a net profit for 2024 in the amount of 83.25 billion tenge, which is 7.7% more than in 2023.

"The company's revenues for 2024 amounted to 214449 million tenge, which is 17% higher than the income received in 2023, or 30386 million tenge. Revenues from...

Kazakhstan’s Ministry of Transport has initiated dredging works at the Caspian Sea port of Aktau, aiming to enhance the capacity and navigational safety of a critical hub on the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor.

The Aktau port, located in the Mangistau region, is being deepened by 1.5...

Air Astana will continue to operate flights KC 291/292 on the Almaty – Mumbai – Almaty route three times per week (on Wednesdays, Thursdays, and Sundays) using a longer alternative flight route.

These flights will be operated with Airbus A320 and Airbus A321LR aircraft, it said in a statement. 

Regular flights KC 907/908 and KC 963/964 on the Almaty –...

Kazakhstan is set to launch flights to Hungary, Germany, Türkiye, Georgia, Azerbaijan, Kyrgyzstan, Uzbekistan, China, South Korea and Vietnam this May, according to the Kazakh Transport Ministry.

Photo credit: Kazakh Transport MInistry

SCAT air carrier plans to add new destinations from Shymkent to Hungary, Germany, China, and South Korea.

Air Astana is expected...

60% of young people infected with sexually transmitted diseases do not seek medical care, deputy head of the National Commission for Women’s Affairs and Family and Demographic Policy under the Kazakh President Zhuldyzai Iskakova said.

The Kazakh Healthcare Ministry's research indicates that over 60% of young people with symptoms of sexually...

Analysing the latest macro statistics from Rosstat, analysts recorded a compression of GDP in the first quarter of 2025 to the fourth quarter of 2024, seasonally adjusted (the Ministry of Economy, we recall, stopped publishing such an estimate). According to calculations by Raiffeisenbank economists, the Russian economy shrank by 0.3%...

The Moscow Exchange index accelerated its growth on the news of Trump's arrival for talks in Istanbul. The American leader did not rule out that he would attend them, while expressing the hope that the leaders of Russia and Ukraine would be in Istanbul this Thursday, May 15. In addition,...

The Board of Directors of Globaltruck recommended not to declare dividends for 2024, according to the issuer's materials.

"To recommend to the annual meeting of the general meeting of shareholders of PGTM not to distribute profits, not to pay dividends," the message says.

The Board of Directors of Globaltruck has announced the...

According to the calculations of the Central Bank, Russia's GDP grew by 2.0% year-on-year in the 1st quarter of this year, after an increase of 4.5% in the 4th quarter of 2024, the corresponding estimate is contained in the commentary of the Bank of Russia to its medium-term forecast published...

Revenues from the recycling fee for vehicles to the budget of Russia in 2025 will grow by 43.9% in annual terms, to almost 1.6 trillion rouble. The volume of these revenues will be almost 450 billion rouble lower than previously planned due to the expected decrease in imports, according to...

The Bank of Russia expects annual inflation in Russia to decrease to 10.1% by the end of the 2nd quarter of 2025, according to the Central Bank's commentary on the medium-term macroeconomic review.

According to the results of the 1st quarter of 2025, annual inflation was 10.3%, which was lower than...

Trading on Chinese stock exchanges ended today with an increase in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, increased by 0.82 percent. compared to the results of the previous trading day, it amounted to 3,369.24 points.

The Shenzhen component indicator, which is an indicator of...

Date: May 13, 2025; Source: the National Bank of Kazakhstan