Articles by Staff Report

Chinese Conglomerate Genertec to Open Regional Office in Kazakhstan

NUR-SULTAN – Vice President of the Genertec International Holdings Wu Yi announced plans to open a regional office in Kazakhstan to boost investment cooperation with the Commonwealth of Independent States (CIS) and the Central Asian countries at a meeting with Zhandos Temirgali, the deputy chair of the Kazakh Invest national company, reported the company’s press…

Kazakh Citizens Lose $14.6 Million in Online Frauds Since Beginning of This Year

NUR-SULTAN – Kazakhstan has recorded 11,763 internet scams since the beginning of this year, which have cost victims of internet frauds nearly 7 billion tenge (US$14.6 million), spokesperson of Internal Affairs Ministry Shugyla Turlybek said at an Aug. 8 press briefing in Nur-Sultan. Internet frauds were registered mainly in Nur-Sultan, Almaty and the Karaganda Region.…

Kazakhstan’s Foreign Trade Turnover Hits $63.7 Billion Over Half-Year Period of 2022

NUR-SULTAN – In the first six months of this year, Kazakhstan’s foreign trade turnover has surged to $63.7 billion, the highest rate in nine years, reported the Economic Research Institute on Aug. 16. The country increased its exports to $42.2 billion and imports to $21.5 billion. “The exports growth was generated by an increase in…

Kazakhstan Welcomes Nearly 200,000 Foreign Tourists Since Beginning of This Year

NUR-SULTAN – The eQonaq information system for registering international visitors as part of check-in procedures has recorded 195,149 tourists since the beginning of the year, reported the Kazakh Ministry of Culture and Sports on Aug. 15. Kazakhstan welcomed tourists from Russia, who comprised – 67 percent, Uzbekistan – 16 percent, Turkey – 6 percent and…

AIFC Grants Binance In-Principle Approval to Operate Digital Asset Trading Facility

NUR-SULTAN – The Astana International Financial Center’s (AIFC) independent regulator – Astana Financial Services Authority (AFSA) – granted Binance, the world’s largest crypto exchange, in-principle approval to operate a digital asset trading facility and provide custody at the AIFC, the financial center’s press service reports on Aug. 15. Chief Executive Officer of AFSA Nurkhat Kushimov…

Kazakhstan’s Inflation Rate Rises to 15 Percent in July

NUR-SULTAN – The inflation rate in July increased to 15 percent (in June – 14.5), reported Deputy Chairman of National Bank Akylzhan Baimagambetov at an Aug. 16 government meeting chaired by Prime Minister Alikhan Smailov, reported the Prime Minister’s press service. Food prices have increased by 19.7 percent, non-food products – by 14.2 percent, paid…

Kazakhstan’s Economic Growth Accelerates in Seven Months of 2022

NUR-SULTAN – Kazakhstan’s economy grew by 3.3 percent between January and July 2022, Kazakh Minister of National Economy Alibek Kuantyrov said at an Aug. 16 government meeting chaired by Prime Minister Alikhan Smailov. The economic growth was driven by a surge in the construction, information and communication, trade, transportation and warehousing, manufacturing, agricultural and mining…

Kazakh Pavilion at Moscow’s VDNH Wins Best Restoration Project Award

NUR-SULTAN – The Kazakhstan pavilion won the best implemented project in the field of construction in the restoration and adaptation of a cultural heritage site category for modern usage at the Exhibition of Achievements of National Economy in Russia (VDNH),  reported the press service of the Kazakh Embassy to Russia on Aug. 12.  Following a…

President Tokayev Visits Nuclear Medical Center Ahead of Its Official Opening in September

NUR-SULTAN – President of Kazakhstan Kassym-Jomart Tokayev visited a brand new Nuclear Medical Center ahead of its official commissioning in September, the Akorda’s press service reports on Aug. 15.  The President noted that the opening of the center is a significant event. He believes that the center’s work will help to improve the health of…

Kazakhstan Wins First Place at Asian Speedcubing Championship

NUR-SULTAN – Kazakhstan finished first out of 13 countries at the Aug.14 Rubik’s WCA Asian Championship 2022, followed by an Indian team that came in second and China that came in third, the press service of the championship reports.  Japan, Mongolia and Kyrgyzstan rounded out the top five in the speedcubing championship.  The winners of…