Reducing Greenhouse Gas Emissions Vital to Achieving a Green Economy, Says Energy Minister
ASTANA – The Kazakh government has announced its intention to move to a green economy, with a primary goal of reducing carbon-emitting elements of its gross domestic product. That is a challenge for Kazakhstan given the country’s fossil-fuel-heavy economy, however, that effort demonstrates Kazakhstan’s desire to meet international environmental standards and develop renewable energy sources…
Nurly Zhol Aspirations Complement Those of EDB, Bank Chairman Says
ALMATY – Two out of every five dollars that the Eurasian Development Bank invests in participating states go to Kazakhstan. The bank plans to further increase its investment portfolio in Kazakhstan. On the eve of the Astana Economic Forum, Chairman of the Board of the Eurasian Development Bank (EDB) Dmitry Pankin told Kazakhstanskaya Pravda about…
Nuclear Fuel Bank Negotiations Reach Final Stages, Agreement Expected Later This Year
EAST KAZAKHSTAN REGION – After 14 rounds of talks between Kazakhstan and the International Atomic Energy Agency (IAEA), agreement on the establishment of the IAEA bank of low-enriched uranium (LEU) is in the final stage and planned for a signing before the end of the year. The information was shared by Alexander Khodanov, director for…
Business as a Commodity: Creating, Packing, Selling
ALMATY – Two dozen Kazakh companies that provide franchising opportunities participated in the KazFranch 2013 exhibition here in December. The event was organised with support from Baiterek National Holding, the Damu Enterpreneurship Development Fund and the Eurasian Franchise Association. In general, franchising is the selling of a ready business; they are offered primarily by foreign…
Kazakhstan IT Sector Has Potential to Attract Major Companies, Says Industry Leader
ALMATY – Vice President Kevin Wu of Kingston Technology, one of the world’s biggest information technology companies, said his company had paid little attention to Kazakhstan—but that is set to change. “Over the few days of our visit to your country, we evaluated the IT market of the country and realised its potential,” said Wu…
Unified National Pension Fund Gets Ready to Grow Fourfold
“The creation of a Unified Accumulation Pension Fund based on the State Pension Accumulation Fund (SPAF) is quite feasible given its technical framing, experience and the professionalism of specialists,” said Aitkul Samakova, member of the Mazhilis of the Parliament and chairperson of the Social Council in the parliamentary group of the Nur Otan National Democratic…
