Deputy Minister of Foreign Affairs of Kazakhstan Roman Vassilenko met with Ambassador of the United Kingdom of Great Britain and Northern Ireland to Kazakhstan Kathy Leach.

The parties reviewed the results of the two countries’ interaction in 2024, highlighting the meeting between President Kassym-Jomart Tokayev and Prime Minister Keir Starmer on...

Providing the population with work is one of the main tasks of any state. In Kazakhstan, special attention is also paid to this. Since the beginning of last year, the "Concept for the development of the labour market of Kazakhstan for 2024-2029" has been operating in the country, within the...

According to the Office of Hydrometeorological Research of the Caspian Sea RSE Kazihydromet, the water level in the Caspian Sea has decreased by about 2 metres since 2006.

"Based on the observations of the Caspian littoral countries, the average long-term level at the Baltic level is 27.35 metres. Currently, it can...

The population of Kazakhstan is predicted to reach 29.7 million people by 2056 that is 49% more as compared to 2023.

According to the National Economy Ministry’s analytical report on budget risks and long-term sustainable finance by 2056, the population of Kazakhstan will be 21.7 million people by 2030 including 10.6...

The volume of net sales of Chinese yuan by exchange offices of Kazakhstan in November 2024 amounted to 124 million tenge, which is 19.4% less than in the previous month and 2 times less than in November 2023.

The largest monthly volume of net sales of Chinese currency in 2024 was...

Kazakh businesses are getting more and more expensive to borrow money, even against the background of developing countries. In the fourth quarter of 2024, regulators around the world continued to ease monetary policy conditions, reducing interest rates or leaving their values unchanged amid stabilised inflation. The only exceptions were seven...

Since the beginning of this year, the United States has imposed several new sanctions against Russia's oil and gas sector. AERC Managing Director Evgenia Pak noted that the restrictions of January 10 were a parting gift from Joe Biden as president of the United States, who took American sanctions to...

Kazakhstan may criminalize the promise/offer of a bribe. Serik Berkamalov, Executive Director of the Kazakhstan Union of Lawyers, expressed his opinion on how this measure could work. The bill was adopted by the deputies of the Parliament in the first reading.

According to the interlocutor, this legislative initiative is more symbolic...

Over the past year, the expectations of Kazakhstanis to improve their well-being have worsened. This is the conclusion reached in a macroeconomic study by Freedom Finance Global.

According to the survey, in December 2024, the subindex of forecasting changes in personal financial situation over a one-year horizon recovered by 4.5 points,...

Since January 13, 2025, Kazakhstan has officially implemented the international standard ISO 20022 in the operation of the country's payment systems and information systems of banks. This is reported by the National Bank. This was originally planned to be done by the end of November 2024.

Currently, banks accept payment orders...

Trading on foreign currency market instruments has closed on the Kazakhstan Stock Exchange (KASE), Kazinform agency correspondent reports.

According to the results of daily trading, the weighted average dollar exchange rate amounted to 529.65 tenge, having decreased by 0.09 tenge. The official exchange rate of the National Bank on January 16...

In December 2024, Kazakhstan reduced daily oil production excluding gas condensate to 1.422 million barrels from 1.477 million barrels in November, according to the monthly report of the Organisation of Petroleum Exporting Countries (OPEC).

Due to the fact that, according to OPEC, Kazakhstan produced 1.298 million barrels per day in October...

Rakhman Alshanov, Doctor of Economics, commented on President Kassym-Jomart Tokayev's order to increase GDP by more than 4%.

First of all, the professor drew attention to the fact that the head of state categorically refused to reduce the financing of the social block.

"The government significantly and, in my opinion, unreasonably overestimated...

Independent oil producing organisations (OPO) of Kazakhstan expect that the government will not increase the tax burden in the industry, according to the PetroMining OPO association.

"The oil producing organisations of Kazakhstan expect with great hope to improve the economy of their enterprises and the possibility of reinvestment in production (maintaining...

In Mongolia, it was planned to implement a project with the participation of a Kazakh company. In response to a request from the editorial board, the Ministry of Industry and Construction reported that the construction of a gold and silver refining plant had not been started.

"The domestic company has completed...

A meeting of the Investment Attraction Council was held under the chairmanship of First Deputy Prime Minister Roman Sklyar, with reference to the press service of the Administration of the Turkestan region.

At the meeting of the investment headquarters, the main terms of Investment Agreements aimed at modernising key enterprises, creating...

Deputy Prime Minister, Minister of National Economy Serik Zhumangarin held a meeting on investment development of the Kyzylorda region.

Last year, as part of the five-year program for the implementation of 86 investment projects with a total value of 1.9 trillion tenge, 21 projects worth 37 billion tenge were implemented in...

The Kazakh capital started implementing the project to create a second industrial park on an area of 409 hectares based on the Astana – New City special economic zone.

According to Khalel Akimzhanov, head of Astana’s investment and entrepreneurship development department, industrial park No. 1 is the country’s leader in the...

Inflation in Kazakhstan, excluding seasonal factors, has accelerated for the fourth month in a row. In December, the monthly indicator reached 0.81%, according to the National Bank's review of inflationary trends.

In the structure of seasonally adjusted inflation, the monthly increase in prices for non-food products accelerated to 0.8%. Food inflation...

By the end of 2024, the index of physical volume of trade increased by 9.1%, with a faster pace in retail trade (9.8%) compared with wholesale (8.6%). Trade is one of the key sectors of the economy, accounting for 16% of GDP. In 2024, it was the main driver of...

Italy began to buy less Kazakh wheat. And the supply of lentils is growing. In January-November 2024, 28.4 million tonnes of goods were exported to this country, which is 25% more than in the same period of 2023. Kazakhstan earned $17 billion on supplies (+27.3%).

Italy remains the main buyer of...

According to the results of December last year, prices for meat and meat products in Kazakhstan increased by 3.4% compared to December 2023. Including meat and poultry increased in price by 2.9%, sausages by 5.2%, meat products by 3.5%. Poultry itself increased in price by 6%, beef by 2.6%, pork...

A large-scale project for 271 billion tenge is planned to be launched in the Almaty region. This was reported in the regional administration. It is reported that we are talking about the construction of a poultry farm.

"The capacity will be 240 thousand tonnes of poultry meat per year, which makes...

The Ministry of Agriculture is launching a project to create an accounting system for agricultural machinery within the framework of the unified digital information technology platform PSC 2.0, with reference to the press service of the department.

According to Vice Minister of Agriculture Baglan Bekbauov, the accounting system for agricultural machinery...

By the end of 2024, the volume of cargo transportation by rail between Kazakhstan and China exceeded 32 million tonnes, which is a historical maximum, with reference to the press service of the Ministry of Transport.

According to the Committee of Railway and Water Transport of the Ministry of Transport, Kazakhstan's...

This was reported by the Committee of Railway and Water Transport of the Ministry of Transport of Kazakhstan.

By the end of 2024, the volume of cargo transportation by rail between Kazakhstan and China exceeded 32 million tonnes of cargo, which is a historical maximum.

Kazakhstan's exports increased by 1 million tonnes...

AD Ports Group is investing about $30 million, according to the company's press service.

The UAE-based AD Ports Group, specializing in global trade, logistics and industry, has signed a founding agreement with the Kazakh company Semurg Invest, the owner and developer of the multifunctional Sarzha marine terminal in the port of...

Starting from February 1, 2025, access through the checkpoint on the border with Kazakhstan in the Orenburg region of Russia will be temporarily suspended due to the closure of the adjacent checkpoints Alimbet and Syrym in Kazakhstan, with reference to Rosgranstroy.

The passage of vehicles and cargo through Orsk and Mashtakovo...

Flights to Phu Quoc will be operated during the autumn-winter navigation period. Flights from Almaty to Nha Trang will be operated from March 30 on Tuesdays, Wednesdays, Fridays and Sundays.

Planes from Astana will also fly to Nha Trang from March 31 on Mondays, Thursdays and Saturdays.

The flights will be operated...

The share price of the Kazakhtelecom telecom operator increased by 7.1%, to 47.64 thousand tenge, following the results of trading on January 15 on the Kazakhstan Stock Exchange (KASE). This is a record in the entire history of trading an instrument on the site. The day before, the company announced...

Asem Bolatzhan, head of Qazpost Digital, spoke about the continuation of cooperation with the Binance cryptocurrency exchange and announced a new joint project.

"In May, Binance and I signed a cooperation agreement. Six months later, we launched the world's first cryptographic channel in the postal industry. We started the project with...

For the eighteenth month, Freedom Finance Global has been researching consumer confidence, inflation and devaluation expectations of residents of four Central Asian countries: Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan. In December 2024, an ambiguous trend in consumer confidence was observed. Growth in Kazakhstan was overshadowed by a decline in Tajikistan, while...

In 2024, Russian consumers spent almost a quarter more on online orders, including purchases of goods on marketplaces and payment for services, than a year earlier. This growth is mainly due to regions where e-commerce has shown a 60-80% increase in turnover. Currently, medium and small towns account for 76%...

On Thursday, the Russian market managed to build on the success of Wednesday's evening trading and gained a foothold above 2,900 points on the Moscow Exchange index. The last time the market was at these levels was in August last year. By 14.20 Moscow time, the Moscow Exchange index was...

Russians can send transfers through the fast payment system to nine countries. A year ago, there were only five of them. Among the available destinations are Abkhazia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Laos, Moldova, Tajikistan and Uzbekistan. The number of foreign banks accepting money through the SBP by phone number is...

Surveys of Russian enterprises showed a significant deterioration in their working conditions by the end of last year. The main negative in the perception of our business is related to anti-Russian sanctions, as well as the policy of the Central Bank of Russia, which slows down lending and investment. At...

The cargo turnover of Russian seaports in 2024 decreased by 2.3% compared to 2023 and amounted to 886.3 million tonnes, according to data from the Association of Commercial Seaports (ASOP).

The volume of transhipment of dry cargo decreased by 1.9% and amounted to 441.1 million tonnes, including: coal 188.1 million tonnes...

FESCO Transport Group (parent company of Far Eastern Shipping Company (Far Eastern Shipping Company)) increased the volume of container shipments of cars and components for the automotive sector from China to Russia by 36% in 2024, to almost 36 thousand TEU, the company said. As part of the FESCO Automotive...

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 0.28 percent. compared to the results of the previous trading day, it amounted to 3,236.03 points.

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

In 2024, the volume of rail passenger traffic in China for the first time exceeded 4.3 billion people, an increase of 11.9 percent. On an annual basis, up to 4.312 billion people, the State Administration of Railways of the People's Republic of China reported on Thursday.

According to the agency, passenger...

China has never stopped its green development efforts, and its commitment to promoting global low-carbon transformation remains unwavering, Chinese Foreign Ministry spokesman Guo Jiakun said on Thursday.

Guo Jiakun made this statement at a regular departmental press conference, responding to a request to comment on China's role in global climate change...

Date: January 17, 2024; Source: the National Bank of Kazakhstan