Welcoming the participants of the event, President Kassym-Jomart Tokayev noted that the Council has become the most important dialogue platform for discussing issues of improving the investment climate. Referring to data from the International Institute for Management Development (IMD), he emphasized that our country has entered the top 35 competitive countries in the world.
- We have set ourselves a fairly ambitious goal - to attract an additional 150 billion dollars of foreign direct investment by 2029. To achieve this goal, the Investment Headquarters under the Government has been given expanded powers to promptly resolve emerging problems. In May of this year, I signed a Decree that strengthened the basis for significant liberalization of the national economy. We will continue consistent systemic steps aimed at improving the working conditions for investors in the country, - said the head of state.
Kassym-Jomart Tokayev emphasized that Kazakhstan has a unique mineral resource base and spoke about measures to improve the efficiency and transparency of processes in the field of geological exploration and mining. According to him, over the past 6 years, Kazakhstan has attracted private investment in geological exploration in the amount of more than 1 billion dollars.
Currently, about 1.6 million square kilometers of the country’s territory are open for obtaining subsoil use rights for geological exploration.
- The recently adopted National Infrastructure Plan until 2029 opens a "window of opportunity" for local manufacturers. About 200 major infrastructure projects will be implemented, estimated at more than $86 billion. The government will form a list of goods for localization of off-take contracts. Industrial growth requires a highly qualified workforce. That is why I declared 2025 the Year of Blue-Collar Professions. We are looking for investors willing to improve the quality of technical and vocational education in Kazakhstan and develop the relevant infrastructure, - the president said.
Describing the situation in the energy sector, the head of state noted the merits of international oil companies, which played an important role in the development of the country
- Foreign investors have invested capital, provided advanced technologies and highly skilled labor. Their investments have contributed to the growth of our energy sector: over the past 30 years, oil production has tripled. Thanks to this, Kazakhstan has entered the top five countries with high rates of oil production growth. Speaking about the future, we set a goal to exceed the threshold of 100 million tons per year, - the president said.
As noted below, the expansion of the petrochemical industry is also key to economic diversification.
- In 2022, we launched the largest polypropylene plant in Central Asia with a capacity of 500 thousand tons per year. Currently, this enterprise covers almost 60% of domestic demand and exports products to Europe, Turkey and China. In September of this year, the construction of a polyethylene plant with a capacity of 1.2 million tons per year began. A number of petrochemical projects worth more than 14 billion dollars are in development, - said Kassym-Jomart Tokayev.
Particular attention in the speech was paid to increasing the investment attractiveness of the "clean energy" sector. In particular, specific agreements were reached on the implementation of 43 GW of "green" projects in Kazakhstan with such global companies as Total, Svevind, ACWA Power and Masdar. In addition, Kazakhstan has enormous potential for the development of nuclear energy.
- Our country is the world's largest uranium producer. As you know, recently in a national referendum, citizens supported the construction of the first nuclear power plant, which will serve as a long-term investment in our energy security. We are currently considering the possibility of creating an international consortium to implement this project, - added the President of Kazakhstan.
The next sector worthy of investors' attention was named as the agro-industrial sector.
- The development of agriculture in Kazakhstan is a strategic priority for ensuring food security in the Central Asian region. Our country ranks sixth in the world in terms of agricultural land area, which is more than 200 million hectares. Over the past six years, industry exports have doubled, exceeding $5 billion. Since we strive to transform the agro-industrial complex into a high-tech sector, more than 100 projects worth $5 billion will be implemented with the participation of foreign investors, - said the head of state.
In the transport and logistics sector, Kazakhstan aims to strengthen its position as a key Eurasian transit hub. The country plans to repair 11,000 kilometers of old railways and build more than 5,000 new ones. The priority is the development of the Trans-Caspian International Transport Route, so key attention is paid to investments aimed at developing its infrastructure through the construction of new cargo terminals and the production of transport vessels.
Kassym-Jomart Tokayev specifically focused on issues of protecting investors' rights and improving regulatory policy
It was noted that one of the objectives of the ongoing modernization of the legal and judicial system is to create a favorable investment climate. Digital interaction between the government and investors is expanding. By the end of the year, it is planned to launch the National Digital Investment Platform, which will allow monitoring the implementation of projects in real time.
The new Tax Code will help to activate the investment cycle by establishing tax preferences, the essence of which is the right to deduct all costs associated with the acquisition of machinery, equipment and software.
In the context of strengthening cooperation in the financial sector, Kazakhstan places emphasis on the work of the Astana International Financial Centre. The AIFC is a unique institution for the region that brings together the best practices of the world's leading financial centres.
In conclusion, the President stated the importance of continuing the dialogue between the Council members and government bodies aimed at improving the investment climate in the country and implementing new initiatives and specific projects.
The event also featured speeches by EBRD President Odile Renaud-Basso, Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov, Chairman of the Board of the Kazakhstan Foreign Investors Council Association Erlan Dosymbekov, Vice President of CNPC Zhang Daowei, Chairman of the Board of the EDB Nikolay Podguzov, President of Alstom for Africa, Middle East and Central Asia Andrew DeLeoni, and Chief Executive Officer of PJSC Lukoil Vadim Vorobyov.
By the Kazakhstanskaya Pravda
Chairman of the Majilis Erlan Koshanov, as part of an official visit to the Kyrgyz Republic, met with Speaker of the Zhogorku Kenesh Nurlanbek Shakiyev and took part in the second meeting of the interparliamentary council on cooperation between the parliaments of Kazakhstan and Kyrgyzstan.
The key topic of the meeting...
Chairman of the Majilis Erlan Koshanov, as part of an official visit to the Kyrgyz Republic, met with Speaker of the Zhogorku Kenesh Nurlanbek Shakiyev and took part in the second meeting of the interparliamentary council on cooperation between the parliaments of Kazakhstan and Kyrgyzstan.
The key topic of the meeting...
Kassym-Jomart Tokayev expressed condolences to King Felipe VI in connection with numerous human casualties as a result of the natural disaster in Spain.
- At this difficult moment, on behalf of the people of Kazakhstan and on my own behalf, I express my sincere condolences to you and the families of...
Kassym-Jomart Tokayev expressed condolences to King Felipe VI in connection with numerous human casualties as a result of the natural disaster in Spain.
- At this difficult moment, on behalf of the people of Kazakhstan and on my own behalf, I express my sincere condolences to you and the families of...
The level of peacefulness and security has once again decreased. Thus, according to a report presented by the Institute of Economics and Peace in 2024, the global peace index decreased by 0.56%. This is the twelfth deterioration in the indicator over the past 16 years.
Of the 163 countries presented in...
The level of peacefulness and security has once again decreased. Thus, according to a report presented by the Institute of Economics and Peace in 2024, the global peace index decreased by 0.56%. This is the twelfth deterioration in the indicator over the past 16 years.
Of the 163 countries presented in...
Kassym-Jomart Tokayev held a meeting with EBRD President Odile Renaud-Basso, who arrived in Kazakhstan to participate in the 36th plenary meeting of the Foreign Investors Council.
The interlocutors discussed the prospects for implementing a number of joint investment projects in various sectors of the economy, including small and medium-sized businesses, finance,...
Kassym-Jomart Tokayev held a meeting with EBRD President Odile Renaud-Basso, who arrived in Kazakhstan to participate in the 36th plenary meeting of the Foreign Investors Council.
The interlocutors discussed the prospects for implementing a number of joint investment projects in various sectors of the economy, including small and medium-sized businesses, finance,...
In Astana, within the framework of the work of the meeting of the Council of Foreign Investors, chaired by Head of State Kassym-Jomart Tokayev, held a number of meetings with participants of the meeting at the government level. They discussed issues of co-operation in the implementation of joint investment projects, cooperation...
In Astana, within the framework of the work of the meeting of the Council of Foreign Investors, chaired by Head of State Kassym-Jomart Tokayev, held a number of meetings with participants of the meeting at the government level. They discussed issues of co-operation in the implementation of joint investment projects, cooperation...
By the end of the third quarter of 2024, the economy showed a significant acceleration up to 4% yoy after the modest figures of the first half of the year (3.3% yoy). The main drivers of this growth were the trade and manufacturing sectors, whose share of GDP dominates and...
By the end of the third quarter of 2024, the economy showed a significant acceleration up to 4% yoy after the modest figures of the first half of the year (3.3% yoy). The main drivers of this growth were the trade and manufacturing sectors, whose share of GDP dominates and...
In 2025, Kazakhstani banks will continue to generate high profits, despite the government's plans to increase taxes for the sector, according to the international rating agency Fitch Ratings.
The agency noted that banks continue to benefit from high interest rates on retail loans, although the base rate of the National Bank...
In 2025, Kazakhstani banks will continue to generate high profits, despite the government's plans to increase taxes for the sector, according to the international rating agency Fitch Ratings.
The agency noted that banks continue to benefit from high interest rates on retail loans, although the base rate of the National Bank...
The transport and warehousing sector will be the leading industry in 2025. This forecast is given in the Macroeconomic Review of Kazakhstan of the Centre for Applied Economics Research (AERC). "The growth estimate in the transport and warehousing sector for 2024 is 6.9% (yoy) (the estimate has been maintained since...
The transport and warehousing sector will be the leading industry in 2025. This forecast is given in the Macroeconomic Review of Kazakhstan of the Centre for Applied Economics Research (AERC). "The growth estimate in the transport and warehousing sector for 2024 is 6.9% (yoy) (the estimate has been maintained since...
The exchange rate of the national currency against the US dollar has shown significant weakening over the past three months. This is stated in the AERC Macroeconomic Review of Kazakhstan.
By the end of July, the tenge exchange rate weakened by 4.4% month-on-month and formed at the level of 474.86 tenge...
The exchange rate of the national currency against the US dollar has shown significant weakening over the past three months. This is stated in the AERC Macroeconomic Review of Kazakhstan.
By the end of July, the tenge exchange rate weakened by 4.4% month-on-month and formed at the level of 474.86 tenge...
The forecast for the tenge-dollar exchange rate has worsened, while expectations for consumer inflation have become more optimistic. This is stated in the AERC macroeconomic review for October 2024,.
According to the baseline scenario, the USD/KZT pair will average 467.7 tenge this year. For comparison, in the July review, the forecast...
The forecast for the tenge-dollar exchange rate has worsened, while expectations for consumer inflation have become more optimistic. This is stated in the AERC macroeconomic review for October 2024,.
According to the baseline scenario, the USD/KZT pair will average 467.7 tenge this year. For comparison, in the July review, the forecast...
The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on October 31, 2024 at 17:00 amounted to 488.23 tenge. Compared with the data at 17:00 on October 30 (488.39 tenge per 1 dollar), the national currency against the dollar strengthened by 0.16 tenge.
According to KASE, at the...
The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on October 31, 2024 at 17:00 amounted to 488.23 tenge. Compared with the data at 17:00 on October 30 (488.39 tenge per 1 dollar), the national currency against the dollar strengthened by 0.16 tenge.
According to KASE, at the...
Having loudly announced the approval of the list of 17 major projects with investments of 15 trillion tenge, the Kazakh government is in no hurry to name them by name. Kursiv Research found projects that fit the description previously given by the authorities, named the beneficiaries of these projects and...
Having loudly announced the approval of the list of 17 major projects with investments of 15 trillion tenge, the Kazakh government is in no hurry to name them by name. Kursiv Research found projects that fit the description previously given by the authorities, named the beneficiaries of these projects and...
Local polymer production in Kazakhstan demonstrates a significant impact on the price environment of the market. According to the joint project Market Report and the world leader in price analytics ICIS, launched in October 2010 to monitor polymer quotations in the CIS countries, the current market situation confirms the effectiveness...
Local polymer production in Kazakhstan demonstrates a significant impact on the price environment of the market. According to the joint project Market Report and the world leader in price analytics ICIS, launched in October 2010 to monitor polymer quotations in the CIS countries, the current market situation confirms the effectiveness...
Energy Minister Almasadam Satkaliyev said that Kazakhstan expects to produce more than 88 million tonnes of oil by the end of 2024. This is 2.8% less than the originally planned 90.5 million tonnes. This is reported by the press service of the Ministry of Energy.
According to the Minister of Energy,...
Energy Minister Almasadam Satkaliyev said that Kazakhstan expects to produce more than 88 million tonnes of oil by the end of 2024. This is 2.8% less than the originally planned 90.5 million tonnes. This is reported by the press service of the Ministry of Energy.
According to the Minister of Energy,...
The Council of Foreign Investors has become the most important dialogue platform for discussing issues of improving the investment climate. This was stated by President Kassym-Jomart Tokayev at the 36th plenary session. Referring to the data of the International Institute for Management Development (IMD), he stressed that our country has...
The Council of Foreign Investors has become the most important dialogue platform for discussing issues of improving the investment climate. This was stated by President Kassym-Jomart Tokayev at the 36th plenary session. Referring to the data of the International Institute for Management Development (IMD), he stressed that our country has...
In November of this year, NC KazMunayGas and Tatneft plan to start geological exploration at the Karaton Podsolevoy site, with reference to the press service of the Kazakhstan National Oil and Gas company.
The course of preparatory work for drilling the first exploration well with a depth of 5,500 metres at...
In November of this year, NC KazMunayGas and Tatneft plan to start geological exploration at the Karaton Podsolevoy site, with reference to the press service of the Kazakhstan National Oil and Gas company.
The course of preparatory work for drilling the first exploration well with a depth of 5,500 metres at...
The BAYTAQ Green Party called on the government of Kazakhstan not to negotiate with foreign oil companies participating in the Kashagan project and to recover from them the entire amount of an environmental fine of $5 billion.
"We are against conducting any backstage negotiations on this issue and against unjustifiably reducing...
The BAYTAQ Green Party called on the government of Kazakhstan not to negotiate with foreign oil companies participating in the Kashagan project and to recover from them the entire amount of an environmental fine of $5 billion.
"We are against conducting any backstage negotiations on this issue and against unjustifiably reducing...
Anglo-Dutch Shell, a leading upstream investor and operator in Kazakhstan, reported today third quarter profits of US$6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.
The results, together with a drop in debt and strong cash...
Anglo-Dutch Shell, a leading upstream investor and operator in Kazakhstan, reported today third quarter profits of US$6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading results.
The results, together with a drop in debt and strong cash...
TotalEnergies reported declines in revenues and adjusted net income in the third quarter of 2024, missing consensus estimates for the second quarter in a row, but provided an improved outlook for fourth quarter oil and gas production.
Posting its results on Thursday morning, the French supermajor reported a 37% fall in...
TotalEnergies reported declines in revenues and adjusted net income in the third quarter of 2024, missing consensus estimates for the second quarter in a row, but provided an improved outlook for fourth quarter oil and gas production.
Posting its results on Thursday morning, the French supermajor reported a 37% fall in...
Head of State Kassym-Jomart Tokayev has received today Vitaly Nesis, Chief Executive Officer of Solidcore Resources plc.
The President was informed about the results of activity of one of the largest companies specializing in exploration, mining and processing of precious and non-ferrous metals in Kazakhstan as well as future plans. According...
Head of State Kassym-Jomart Tokayev has received today Vitaly Nesis, Chief Executive Officer of Solidcore Resources plc.
The President was informed about the results of activity of one of the largest companies specializing in exploration, mining and processing of precious and non-ferrous metals in Kazakhstan as well as future plans. According...
There are more than 4.5 thousand deposits of natural resources in Kazakhstan, President Kassym-Jomart Tokayev said at a meeting of the Council of Foreign Investors in Astana.
"Private investments in exploration have exceeded $1 billion in just 6 years. Almost 1.6 million square kilometres of Kazakhstan's territory are now available for...
There are more than 4.5 thousand deposits of natural resources in Kazakhstan, President Kassym-Jomart Tokayev said at a meeting of the Council of Foreign Investors in Astana.
"Private investments in exploration have exceeded $1 billion in just 6 years. Almost 1.6 million square kilometres of Kazakhstan's territory are now available for...
The Department of the State Labour Inspection Committee for the Aktobe region creates a commission. It will investigate the accident at the Don Mining and Processing Plant, which killed two people, with reference to the press service of the Ministry of Labour and Social Protection of the Population.
"The accident at...
The Department of the State Labour Inspection Committee for the Aktobe region creates a commission. It will investigate the accident at the Don Mining and Processing Plant, which killed two people, with reference to the press service of the Ministry of Labour and Social Protection of the Population.
"The accident at...
Australian companies expressed willingness to develop the mining and metallurgical complex (MMC) in Kazakhstan during the meetings held within the 2024 International Mining and Resources Conference (IMARC) in Sydney, Australia.
Ambassador of Kazakhstan to Singapore, Commonwealth of Australia and New Zealand Askar Kuttykadam discussed plans and prospects of cooperation during the talks...
Australian companies expressed willingness to develop the mining and metallurgical complex (MMC) in Kazakhstan during the meetings held within the 2024 International Mining and Resources Conference (IMARC) in Sydney, Australia.
Ambassador of Kazakhstan to Singapore, Commonwealth of Australia and New Zealand Askar Kuttykadam discussed plans and prospects of cooperation during the talks...
The development of hydrogen energy requires clear rules of the game, as well as incentives for businesses to develop the industry. This opinion was voiced by Asel Kazbekova, Director of KPMG Law Kazakhstan.
During the plenary session at Power Expo Almaty, she noted that the country intends to produce up to...
The development of hydrogen energy requires clear rules of the game, as well as incentives for businesses to develop the industry. This opinion was voiced by Asel Kazbekova, Director of KPMG Law Kazakhstan.
During the plenary session at Power Expo Almaty, she noted that the country intends to produce up to...
Starting from November 1, marginal electricity tariffs will increase in some regions of Kazakhstan. According to the order of the Minister of Energy dated October 21, 2024, the change will affect eight EPOS producing light.
From November 1, 2024, the limit will increase for Ekibastuz GRES-1 named after B. Nurzhanov (group...
Starting from November 1, marginal electricity tariffs will increase in some regions of Kazakhstan. According to the order of the Minister of Energy dated October 21, 2024, the change will affect eight EPOS producing light.
From November 1, 2024, the limit will increase for Ekibastuz GRES-1 named after B. Nurzhanov (group...
On October 30, Askhat Khassenov, Chairman of the Management Board of JSC NC KazMunayGas (KMG), held a meeting with Luca Vignati, Eni Upstream Director.
The parties discussed the main areas of cooperation, including the implementation of joint projects and prospects for further cooperation aimed at attracting investment in Kazakhstan's energy sector.
The...
On October 30, Askhat Khassenov, Chairman of the Management Board of JSC NC KazMunayGas (KMG), held a meeting with Luca Vignati, Eni Upstream Director.
The parties discussed the main areas of cooperation, including the implementation of joint projects and prospects for further cooperation aimed at attracting investment in Kazakhstan's energy sector.
The...
On October thirtieth, the US Treasury Department published a fresh sanctions list of companies in connection with the war between Russia and Ukraine. It includes 275 citizens and companies from 17 countries, among them Kazakhstan's Kazstanex. She sells machine tools from manufacturing plants from all over the world. There is...
On October thirtieth, the US Treasury Department published a fresh sanctions list of companies in connection with the war between Russia and Ukraine. It includes 275 citizens and companies from 17 countries, among them Kazakhstan's Kazstanex. She sells machine tools from manufacturing plants from all over the world. There is...
A solid waste recycling plant will be built in the Ili district of the Almaty region. The work on the project is 60% complete. The necessary equipment for sorting has already been purchased, issues with infrastructure support, including gas and water supply, have been resolved, with reference to the press...
A solid waste recycling plant will be built in the Ili district of the Almaty region. The work on the project is 60% complete. The necessary equipment for sorting has already been purchased, issues with infrastructure support, including gas and water supply, have been resolved, with reference to the press...
In September, annual inflation in Kazakhstan slowed to 8.3%, and the growth rate of food prices decreased to 5.1% in annual terms. Kazakhstan maintains one of the lowest growth rates of food prices among the EAEU countries. This was reported in the press service of the Ministry of Trade of...
In September, annual inflation in Kazakhstan slowed to 8.3%, and the growth rate of food prices decreased to 5.1% in annual terms. Kazakhstan maintains one of the lowest growth rates of food prices among the EAEU countries. This was reported in the press service of the Ministry of Trade of...
In January-September of this year, 315.8 thousand tonnes of meat and food offal were produced in Kazakhstan 7% more than in the same period of 2023. Of these, 62 thousand tonnes were accounted for fresh or chilled meat of cattle, small cattle, pigs and horses, an increase of 7.9% over...
In January-September of this year, 315.8 thousand tonnes of meat and food offal were produced in Kazakhstan 7% more than in the same period of 2023. Of these, 62 thousand tonnes were accounted for fresh or chilled meat of cattle, small cattle, pigs and horses, an increase of 7.9% over...
The volume of supplies of Kazakh flour to Uzbekistan and Afghanistan is decreasing. In 2019, more than 1.5 million tonnes of flour worth $362 million were exported from the local market abroad. The main buyers were Afghanistan (909.5 thousand tonnes), Uzbekistan (386.7 thousand tonnes), Tajikistan (86.6 thousand tonnes), Russia (69.3...
The volume of supplies of Kazakh flour to Uzbekistan and Afghanistan is decreasing. In 2019, more than 1.5 million tonnes of flour worth $362 million were exported from the local market abroad. The main buyers were Afghanistan (909.5 thousand tonnes), Uzbekistan (386.7 thousand tonnes), Tajikistan (86.6 thousand tonnes), Russia (69.3...
The Ministry of Agriculture commented on the Rosselkhoznadzor's statement that Kazakhstan used illegal supply chains for quarantined goods.
"The State Inspectorate Committee in the agro-industrial complex did not apply actions to organise a shadow order for the uncontrolled movement of crop products across the territory of the EAEU," the Kazakh ministry...
The Ministry of Agriculture commented on the Rosselkhoznadzor's statement that Kazakhstan used illegal supply chains for quarantined goods.
"The State Inspectorate Committee in the agro-industrial complex did not apply actions to organise a shadow order for the uncontrolled movement of crop products across the territory of the EAEU," the Kazakh ministry...
Wheat prices in the world continue to be under pressure. December futures were trading at 217.5 euro per tonne on the European stock exchange on Monday. December wheat futures on the U.S. stock exchange on Monday closed at $5.59 per bushel ($205 per tonne). One of the reasons is the...
Wheat prices in the world continue to be under pressure. December futures were trading at 217.5 euro per tonne on the European stock exchange on Monday. December wheat futures on the U.S. stock exchange on Monday closed at $5.59 per bushel ($205 per tonne). One of the reasons is the...
More than 100 projects worth $5 billion with the participation of foreign investors will be implemented in the agricultural sector. This was stated by the President of Kazakhstan Kassym-Jomart Tokayev during the 36th plenary meeting of the Council of Foreign Investors.
"The development of agriculture in Kazakhstan is a strategic priority...
More than 100 projects worth $5 billion with the participation of foreign investors will be implemented in the agricultural sector. This was stated by the President of Kazakhstan Kassym-Jomart Tokayev during the 36th plenary meeting of the Council of Foreign Investors.
"The development of agriculture in Kazakhstan is a strategic priority...
Japan’s Jateko hopes to increase its import of flaxseed oil from Kazakhstan to 3,000 tons to meet the country’s increasing demand, according to the Kazakh Trade and Integration Ministry.
Japan is experiencing the growing demand for Kazakh flaxseed oil hailing its high quality and health-boosting properties, according to Jateko’s director Anton...
Japan’s Jateko hopes to increase its import of flaxseed oil from Kazakhstan to 3,000 tons to meet the country’s increasing demand, according to the Kazakh Trade and Integration Ministry.
Japan is experiencing the growing demand for Kazakh flaxseed oil hailing its high quality and health-boosting properties, according to Jateko’s director Anton...
Head of State Kassym-Jomart Tokayev received Microsoft President in Central Europe and Central Asia Michelle Simmons.
During the meeting, the prospects for cooperation between Kazakhstan and Microsoft in developing the IT industry and creating a full-fledged ecosystem for startups were discussed.
Kassym-Jomart Tokayev was informed that the Microsoft office in Kazakhstan has...
Head of State Kassym-Jomart Tokayev received Microsoft President in Central Europe and Central Asia Michelle Simmons.
During the meeting, the prospects for cooperation between Kazakhstan and Microsoft in developing the IT industry and creating a full-fledged ecosystem for startups were discussed.
Kassym-Jomart Tokayev was informed that the Microsoft office in Kazakhstan has...
The Investment plan in Almaty is being prepared by TAV Airports Holding, the owner of Almaty airport. The amount of investment depends on the results of negotiations on tariff increases at Almaty International Airport.
"The investment plan of Almaty will amount from 150 to 300 million euro over 3-4 years from...
The Investment plan in Almaty is being prepared by TAV Airports Holding, the owner of Almaty airport. The amount of investment depends on the results of negotiations on tariff increases at Almaty International Airport.
"The investment plan of Almaty will amount from 150 to 300 million euro over 3-4 years from...
To date, the network of public roads of national importance is 25,000 km. Of these, 3,600 km are under reconstruction and major repairs, and 21,400 km are under maintenance, including 3,200 km of toll roads. Darkhan Imanashev, Chairman of the Board of KazAvtoZhol, spoke about the current readiness of roads...
To date, the network of public roads of national importance is 25,000 km. Of these, 3,600 km are under reconstruction and major repairs, and 21,400 km are under maintenance, including 3,200 km of toll roads. Darkhan Imanashev, Chairman of the Board of KazAvtoZhol, spoke about the current readiness of roads...
Car production in Kazakhstan continues to decline. According to the Bureau of National Statistics, there is a noticeable decrease in vehicle production in Kazakhstan. Including 82.8 thousand passenger cars (-16.7%), 5.9 thousand trucks (-15.2%), 1.8 thousand buses, trolleybuses and other large-sized cars (-7.5%), 821 combine harvesters (-19%), 1.2 thousand trailers...
Car production in Kazakhstan continues to decline. According to the Bureau of National Statistics, there is a noticeable decrease in vehicle production in Kazakhstan. Including 82.8 thousand passenger cars (-16.7%), 5.9 thousand trucks (-15.2%), 1.8 thousand buses, trolleybuses and other large-sized cars (-7.5%), 821 combine harvesters (-19%), 1.2 thousand trailers...
The Government of Kazakhstan has approved an agreement on the joint use of the +7 telephone code with Russia. Earlier, Astana intended to change its code to +997, but changed its mind due to potential financial and technological difficulties.
"To approve the attached draft agreement between the Government of Kazakhstan and...
The Government of Kazakhstan has approved an agreement on the joint use of the +7 telephone code with Russia. Earlier, Astana intended to change its code to +997, but changed its mind due to potential financial and technological difficulties.
"To approve the attached draft agreement between the Government of Kazakhstan and...
Kazakhstan plans to import 500 thousand tonnes of bitumen from Russia this year and negotiate supplies for 2025, the Ministry of Energy of the republic told Interfax-Kazakhstan.
"The Ministries of Energy of Russia and Kazakhstan have reached an agreement on the import of Russian bitumen in the amount of 500 thousand...
Kazakhstan plans to import 500 thousand tonnes of bitumen from Russia this year and negotiate supplies for 2025, the Ministry of Energy of the republic told Interfax-Kazakhstan.
"The Ministries of Energy of Russia and Kazakhstan have reached an agreement on the import of Russian bitumen in the amount of 500 thousand...
Development of the Trans-Caspian International Transport Route (TITR) is a key priority for Kazakhstan, President Kassym-Jomart Tokayev stated.
The Kazakh leader noted that the present geological situation requires from Kazakhstan to enhance its stand as a key Eurasian transit hub.
Kazakhstan seeks to reconstruct 11,000 milometers of old railways and to construct...
Development of the Trans-Caspian International Transport Route (TITR) is a key priority for Kazakhstan, President Kassym-Jomart Tokayev stated.
The Kazakh leader noted that the present geological situation requires from Kazakhstan to enhance its stand as a key Eurasian transit hub.
Kazakhstan seeks to reconstruct 11,000 milometers of old railways and to construct...
The Asian Development Bank (ADB) will provide National Company KazAvtoZhol JSC with a loan of $291.49 million for the reconstruction of 208 km of highways in the central part of the country.
The ADB project will modernize the existing two-lane highway connecting Kyzylorda to Zhezkazgan, the administrative center of the Ulytau...
The Asian Development Bank (ADB) will provide National Company KazAvtoZhol JSC with a loan of $291.49 million for the reconstruction of 208 km of highways in the central part of the country.
The ADB project will modernize the existing two-lane highway connecting Kyzylorda to Zhezkazgan, the administrative center of the Ulytau...
In the first nine months of this year, about 2.3 thousand non-residential facilities were put into operation in Kazakhstan various enterprises, shops, logistics and infrastructure buildings and structures, schools, hospitals, etc. Almost 1.9 trillion tenge was spent on the construction of all these facilities, according to the reports of the...
In the first nine months of this year, about 2.3 thousand non-residential facilities were put into operation in Kazakhstan various enterprises, shops, logistics and infrastructure buildings and structures, schools, hospitals, etc. Almost 1.9 trillion tenge was spent on the construction of all these facilities, according to the reports of the...
In the field of Housing and communal services, domestic investors could not start implementing projects due to barriers from government agencies. The regional prosecutor's office told the details.
In response to the editorial board's request, the agency reported that since the beginning of this year, 10 cases have been resolved, and...
In the field of Housing and communal services, domestic investors could not start implementing projects due to barriers from government agencies. The regional prosecutor's office told the details.
In response to the editorial board's request, the agency reported that since the beginning of this year, 10 cases have been resolved, and...
The head of state received the chairman of the supervisory board of Polpharma Jerzy Starak.
On the sidelines of the Foreign Investors Council meeting, the President met with Polpharma Supervisory Board Chairman Jerzy Starak. During the conversation, issues of expanding the presence of the leading pharmaceutical company in Kazakhstan and Central...
The head of state received the chairman of the supervisory board of Polpharma Jerzy Starak.
On the sidelines of the Foreign Investors Council meeting, the President met with Polpharma Supervisory Board Chairman Jerzy Starak. During the conversation, issues of expanding the presence of the leading pharmaceutical company in Kazakhstan and Central...
First Deputy Prime Minister of Kazakhstan Roman Sklyar held a meeting with Chairman of the Supervisory Board of Polpharma Group Jerzy Starak. Polpharma Group is the largest pharmaceutical company operating in Kazakh and Polish markets.
During the meeting, the sides discussed implementation of the ongoing pharmaceutical projects and the company’s intent...
First Deputy Prime Minister of Kazakhstan Roman Sklyar held a meeting with Chairman of the Supervisory Board of Polpharma Group Jerzy Starak. Polpharma Group is the largest pharmaceutical company operating in Kazakh and Polish markets.
During the meeting, the sides discussed implementation of the ongoing pharmaceutical projects and the company’s intent...
In the sectors of the Russian economy in which the so-called blue-collar workers (manual workers employed in industry) are concentrated, the number of unfilled vacancies is growing especially noticeably, experts from the Institute for Statistical Research and the Economics of Knowledge (ISREK) note HSE in an overview of the human...
In the sectors of the Russian economy in which the so-called blue-collar workers (manual workers employed in industry) are concentrated, the number of unfilled vacancies is growing especially noticeably, experts from the Institute for Statistical Research and the Economics of Knowledge (ISREK) note HSE in an overview of the human...
The recent attempt by Russian indices to return to growth was not successful, the bears took over the market. Market sentiment worsened last night due to increased expectations of a rate hike by the Central Bank of Russia in December after the release of Rosstat inflation data. By 14:10 Moscow...
The recent attempt by Russian indices to return to growth was not successful, the bears took over the market. Market sentiment worsened last night due to increased expectations of a rate hike by the Central Bank of Russia in December after the release of Rosstat inflation data. By 14:10 Moscow...
The main issue that worries the market this week is the consequences of the accomplished increase in the key rate to 21%. This outcome was somewhat unexpected for market participants, who expected an increase of only up to 20%, and provoked a correction in both the stock and debt markets.
The...
The main issue that worries the market this week is the consequences of the accomplished increase in the key rate to 21%. This outcome was somewhat unexpected for market participants, who expected an increase of only up to 20%, and provoked a correction in both the stock and debt markets.
The...
The Government presented to the President the interim results of the implementation of the program Integrated Rural Development (KRST). 263 billion rouble were allocated for its financing in 2020-2024, and 108 billion rouble are planned to be provided in 2025. In general, the authorities consider the program effective: it allowed...
The Government presented to the President the interim results of the implementation of the program Integrated Rural Development (KRST). 263 billion rouble were allocated for its financing in 2020-2024, and 108 billion rouble are planned to be provided in 2025. In general, the authorities consider the program effective: it allowed...
FESCO Transport Group (parent company Far Eastern Shipping Company (Far Eastern Shipping Company) transported more than 11.5 thousand TEU between the ports of India and Novorossiysk in the first nine months of 2024 as part of the Fesco Indian Line West marine line, German Maslov, Vice President for the line...
FESCO Transport Group (parent company Far Eastern Shipping Company (Far Eastern Shipping Company) transported more than 11.5 thousand TEU between the ports of India and Novorossiysk in the first nine months of 2024 as part of the Fesco Indian Line West marine line, German Maslov, Vice President for the line...
This year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia, with 2024-2025 also being declared the Years of Culture of China and Russia. As an important component of Sino-Russian relations, humanitarian exchanges continue to play an indispensable role in promoting mutual understanding between the...
This year marks the 75th anniversary of the establishment of diplomatic relations between China and Russia, with 2024-2025 also being declared the Years of Culture of China and Russia. As an important component of Sino-Russian relations, humanitarian exchanges continue to play an indispensable role in promoting mutual understanding between the...
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 0.42%. compared with the results of the previous trading day, it amounted to 3279.82 points.
The Shenzhen Component indicator, which is an indicator of business...
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 0.42%. compared with the results of the previous trading day, it amounted to 3279.82 points.
The Shenzhen Component indicator, which is an indicator of business...
The Purchasing Managers' Index (PMI) in China's manufacturing sector returned to the expansion range in October 2024 after declining for five consecutive months.
The purchasing managers' index in China's manufacturing sector in October amounted to 50.1, an increase from the September figure of 49.8, according to data published on Thursday by...
The Purchasing Managers' Index (PMI) in China's manufacturing sector returned to the expansion range in October 2024 after declining for five consecutive months.
The purchasing managers' index in China's manufacturing sector in October amounted to 50.1, an increase from the September figure of 49.8, according to data published on Thursday by...
The Purchasing Managers' Index /PMI/ in China's non-manufacturing sector was 50.2 in October 2024, up from 50 in September. This is evidenced by official data published on Thursday.
Recall that the PMI index reflects the level of business activity of enterprises. An indicator above 50 indicates the expansion of the sector,...
The Purchasing Managers' Index /PMI/ in China's non-manufacturing sector was 50.2 in October 2024, up from 50 in September. This is evidenced by official data published on Thursday.
Recall that the PMI index reflects the level of business activity of enterprises. An indicator above 50 indicates the expansion of the sector,...
More than 90% of enterprises with foreign capital in China are satisfied with the country's business climate, according to the survey results published on Thursday.
A survey conducted in the third quarter of this year among more than 400 companies with foreign capital also shows that about 50% of respondents consider...
More than 90% of enterprises with foreign capital in China are satisfied with the country's business climate, according to the survey results published on Thursday.
A survey conducted in the third quarter of this year among more than 400 companies with foreign capital also shows that about 50% of respondents consider...
Date: November 01, 2024; Source: Bloomberg.com
...Date: November 01, 2024; Source: Bloomberg.com
...1 US DOLLAR | USD / KZT | 488.26 |
1 EURO | EUR / KZT | 530.54 |
1 RUSSIAN ROUBLE | RUB / KZT | 5.03 |
1 CHINESE YUAN | CNY / KZT | 68.59 |
1 KYRGYZIAN SOM | KGS / KZT | 5.69 |
1 GREAT BRITAIN POUND | GBP / KZT | 633.96 |
1 CANADIAN DOLLAR | CAD / KZT | 350.69 |
1 AUSTRALIAN DOLLAR | AUD / KZT | 320.49 |
Date: November 01, 2024; Source: the National Bank of Kazakhstan
1 US DOLLAR |
USD / KZT |
488.26 |
1 EURO |
EUR / KZT |
530.54 |
1 RUSSIAN ROUBLE |
RUB / KZT |
5.03 |
1 CHINESE YUAN |
CNY / KZT |
68.59 |
1 KYRGYZIAN SOM |
KGS / KZT |
5.69 |
1 GREAT BRITAIN POUND |
GBP / KZT |
633.96 |
1 CANADIAN DOLLAR |
CAD / KZT |
350.69 |
1 AUSTRALIAN DOLLAR |
AUD / KZT |
320.49 |