Business news in brief

Kazakhstan has terminated the contract with Spanish investor Talgo at the Kazakh plant that produces train wagons, Vice Minister of Industry and Infrastructure Development Berik Kamaliev announced...


Tajik Language and Culture Centre opens at Al-Farabi Kazakh National University

NUR-SULTAN – Tajik Language and Culture centre opened Oct. 1 in the Al-Farabi Kazakh National University. Tajik Consul General Bakhodur Nazir and the Kazakh National University Provost...


Rakhat expands its presence in international confectionery market

NUR-SULTAN – Rakhat Company has continued to maintain its leadership in the Kazakh confectionery market in the first half of the year, modernising internal policy and entering...


Kazakh airlines carry 5.6 million passengers in first eight months of 2019

NUR-SULTAN – Kazakh airlines carried 5.6 million passengers in the first eight months of 2019, showing a 1.8 percent increase over 2018, said Kazakh Minister of Industry...


Golovkin defeats Derevyanchenko, wins IBF and IBO titles

NUR-SULTAN – Kazakh boxer Gennady Golovkin won Oct. 6 a fight for the IBF and IBO middleweight champion titles against the Ukrainian boxer Sergei Derevyanchenko. The fight...


Kazakh jewellery designers make women feel unique with “affordable luxury” products  

NUR-SULTAN – AZEL Urban & Unique Jewelry is the fashion project of two creative friends, stylist Asel Junus and architect Zauresh Kazybayeva. The duo created the line...


Kazakh government allocates record amount for social assistance 

NUR-SULTAN – Kazakhstan increased social spending 28 percent in the first eight months of 2019 over the same period 2018, reported Ranking.kz. The country spent 2.3 trillion...


Japanese company to help protect Ural River bank in Atyrau Region

NUR-SULTAN – Japan-based Tokyo Rope International Inc. recently opened a representative office in Atyrau. The company will begin protecting the Ural River shore next year and also...


AIFC yearly report indicates key achievements, projects 

NUR-SULTAN – The Astana International Financial Centre (AIFC) yearly report presented Aug. 29 reviewed the centre’s key projects and achievements for 2018-2019. Among the key projects, the...


Chechen-Ingush ethno cultural centre in Semei assists all minorities in preserving their identity

NUR-SULTAN – Vainakh (Our people) Chechen-Ingush ethno cultural centre in Semei helps all ethnic minorities to preserve their traditions and identity, said leader Sultan Kartoyev.  Under the...


Kazakh President affirms support for multilateralism in ‘a world of disquiet’ during first address to UNGA

The opportunity for global leaders to meet as they did in New York at the United Nations last month is always significant. But what made the formal...


Tokayev outlines Asia strategy, promises multilateral approach to global issues at Valdai Meeting

NUR-SULTAN – Positioned as a transit and trade bridge between Europe and Asia, located at the crossroads of Islamic, Confucian and East Christian civilizations, Kazakhstan plans to...


Kazakhstan plans to apply tax incentives to develop print media 

NUR-SULTAN – State Politics in Mass Media Department Director Bahniyaz Karashina announced the state plan to apply tax incentives to develop Kazakh print media at the Sept....


Kazakhstan grants visa-free status for 12 more countries to attract investment, tourists, businesses

NUR-SULTAN – Kazakhstan has granted visa-free entrance to 12 additional countries – Bahrain, Colombia, Indonesia, Kuwait, Liechtenstein, Oman, the Philippines, Qatar, Saudi Arabia, Thailand, the Vatican and...


Kazakh capital to buy 100 electric buses 

NUR-SULTAN – The capital akimat (administration) will be purchasing 100 new electric buses from the joint venture between Chinese Yutong and Kostanai-based SaryarkaAvtoProm. The buses will save...


Young runners debut at start of annual Almaty Women’s Race 

NUR-SULTAN – Girls 10-14 debuted at the start line Sept. 28 of the annual Almaty Women’s Race in Atakent Park. Rima Grankina took the top spot among...


Capital Rotarians open second inclusive playground 

NUR-SULTAN – U.S. Ambassador to Kazakhstan William H. Moser cut the red ribbon Oct. 3 to officially open Kunshyaq, the capital’s second inclusive playground accessible to children...


Online document processing, soft loans, preferential lending expected to boost Kazakh domestic businesses

NUR-SULTAN – Online document processing, soft loans and preferential lending are some of the measures introduced by the government to stimulate the country’s businesses. Signing documents to...


Situation of children in Kazakhstan: a lot of progress but more to be done, says UNICEF representative 

NUR-SULTAN – In her recent open letter to the world’s children, United Nations Children’s Fund (UNICEF) Executive Director Henrietta Fore stressed the need to work with today’s...


Kazakh government alters procurement processes to focus on domestic suppliers 

NUR-SULTAN – Construction, IT and electronic materials for government use will only be available after a pre-selection stage, said First Deputy Prime Minister and Minister of Finance...


Nazarbayev University hosts ClimateLaunchpad 2019 national finals 

NUR-SULTAN – Nazarbayev University recently hosted the national finals of the ClimateLaunchpad 2019 green technologies entrepreneurship ideas international competition, reported science-fund.kz. “ClimateLaunchpad provides a great opportunity to...


Kulanshi gallery in Kazakh capital hosts exhibition of Soviet-era art, posters

NUR-SULTAN – Kulanshi Forte Bank Nur-Sultan art gallery launched Sept. 26 an exhibition of restored Soviet-era paintings dating to the 1950s and Soviet posters from the 1970s...


Madrid hosts Spanish-language presentation of Kazakh literature anthologies

NUR-SULTAN – The Cervantes Institute recently hosted a presentation of anthologies of modern Kazakh prose and poetry published in Spanish at its headquarters in Madrid, Kazinform reports....


97 percent of rural settlements to have broadband internet access by end of 2022

NUR-SULTAN – Ninety-seven percent of rural settlements or more than 5,000 villages will gain broadband internet access by the end of 2022 and satellite technology will be...


Modernising sanitary, phytosanitary standards offers opportunity to expand food trade

Agriculture and livestock exports present huge opportunities for countries in Central Asia. Kazakhstan, already one of the world’s largest wheat exporters, selling over nine million tons annually,...


President Tokayev calls for removal of trade barriers within EAEU, as union signs FTA with Singapore

NUR-SULTAN – Kazakh President Kassym-Jomart Tokayev called for a removal of trade barriers within the Eurasian Economic Union (EAEU) during the Oct. 2 Supreme Eurasian Economic Council...


Kazakhstan to increase support for volunteers in 2020 Year of Volunteer

NUR-SULTAN – Aliya Galimova, Chair of the Committee on Civil Society Affairs of the Ministry of Information and Social Development introduced the draft action plan for the...


Astana exchange lists Russia’s most traded exchange-traded fund 

NUR-SULTAN – The Astana International Exchange (AIX) listed Russia’s oldest and most traded exchange-traded fund (ETF) Sept. 24 and two days later, Samruk Kazyna Sovereign Wealth Fund...


Lukoil opens lubricant production plant in Almaty Region

NUR-SULTAN – Lukoil, the Russian multinational energy corporation, has invested more than $9 million to construct a lubricant production plant in the Almaty Region. The company plans...


Infrastructure work complete at Zhambyl Region ski resort

NUR-SULTAN – Water, gas and electrical access work, as well as construction of the entrance highway, have been completed at Karalmy Resort in the Zhambyl Region. The...