Articles by Talgat Issenov

National Bank outlines how citizen pension funds are spent

ASTANA – Political Scientist and Single Accumulative Pension Fund (SAPF) Public Council Chairperson Dosym Satpayev reacted to the National Bank’s response in connection with the public council’s request to explain its reasoning for spending 50 billion tenge (US$158.4 million) from the pension fund to support the railway sector. The National Bank confirmed “the possibility of…

Kazakhstan to increase agricultural exports 10 percent in 2017

ASTANA – The Ministry of Agriculture intends to increase exports 10 percent in 2017 over last year’s $2.1 billion total, First Vice Minister Kairat Aituganov recently announced. “The export of agricultural products reached $2.1 billion, which is 5 percent higher in comparison with the results of 2015. The export of grain grew by 29 percent…

Astana Mayor Unveils Technology to Make Capital a Smart City

ASTANA – Astana Akim (Mayor) Asset Issekeshev presented new, innovative technologies, which will be implemented in Astana, at the recent ASTEX Astana Smart City 2016 international exhibition. “In today’s world, big cities, not the industries, are the key points of growth. And this trend will only increase in the future. According to McKenzie’s experts, now…

Kazakhstan-Vietnam Cooperation Offers New Opportunities for Cargo Transport

Ambassador of Kazakhstan to Vietnam Beketzhan Zhumakhanov met recently with Director General of Vietnam Railways Vu Ta Tung and head of the Vietnam Logistics Association Nguyen Tuong in Hanoi to discuss transport and logistics cooperation. The Kazakh official presented Kazakhstan’s transport strategy toward the country becoming the biggest Eurasian transport and transit hub and connecting…

Damu Fund to Reduce Lending Rates

The Damu Entrepreneurship Development Fund announced its readiness to cut lending rates for businesses to 8.5 percent during the current year. This statement was made by the Chairman of the Board of the fund Kanysh Tuleushin at a recent forum for Kazakh entrepreneurs. “If the average rate for the final borrower was about 14 percent…

New Law to Reduce Risks for Kazakh Housing Equity Holders

ASTANA – Recent legislation has made the requirements for developers far more stringent. The Kazakh Senate adopted a law “About equity share in housing construction” and the accompanying amendments to legislative acts which significantly lower the risks for equity construction investors and introduce new mechanisms to involve the population’s funds in housing construction.     Equity…

Kazakhstan, Germany Work to Increase German Involvement in EXPO 2017

ASTANA – Kazakhstan’s Ambassador to Germany Bolat Nusupov met with Dietmar Schmitz from the German Federal Ministry for Economic Affairs and Energy and General Commissioner of the German Pavilion to discuss cooperation between the two countries within the project, reported the press service of the Kazakh Foreign Ministry on Jan. 29. Nusupov talked about the…

Tennis Centre Opens in Kostanai

ASTANA – A tennis centre created for children opened Dec. 12 in Kostanai, the Kazakhstan Tennis Federation press service announced. During the opening ceremony, the region’s akim (mayor) Arkhimed Mukhambetov noted the complex provides all the necessary conditions for children to play the game. Approximately 100 youngsters are expected to train on a regular basis…

Naval Forces Commander-in-Chief Awards Country’s Best Military Sailors

ASTANA – In Aktau, Commander-in-Chief of Kazakhstan’s Naval Forces and Armed Forces, Rear Admiral Zhandarbek Zhanzakov summed up the activities of these troops for the current year, according to the press service of the Kazakh Ministry of Defence. By the decision of the commander-in-chief, 2015 was declared the year of petty officers and 2016 will…

Kazakhstan Increases Crime Fighting Cooperation with the Nations of the Americas

ASTANA – The Kazakh Senate recently passed the law “On ratification of the Inter-American Convention on Mutual Assistance in Criminal Matters.” This law is meant to improve the effectiveness of the fight against crime by establishing cooperation with the countries of the Americas. According to the convention, participating countries will provide each other with mutual…