Articles by Yernat Mukhamadiyev

FIC Discusses Investment Policy, Innovative Development

ASTANA – The 26th plenary meeting of the Foreign Investors Council took place on May 22 in the Astana Rixos Hotel under the chairmanship of President of Kazakhstan Nursultan Nazarbayev. The theme of the meeting was Kazakhstan’s innovative-technological development up to 2020. According to Kazakhstan’s Ministry of Industry and New Technologies, during the meeting the…

President Proposes New National Investors Council

ASTANA – On April 10, President Nursultan Nazarbayev addressed the Entrepreneurs Council in Astana during a session dedicated to improving the business climate and enhancing competitiveness and announced the creation of a new National Investors Council. “It is important to create the conditions for the cooperation of business, especially at the regional level,” the president…

Astana Arlans Qualify for World Series of Boxing Finals

ASTANA – The Astana Arlans, Kazakhstan’s professional boxing club, recently hosted and beat the visiting Mexico Guerreros team 5:0 to qualify for the World Series of Boxing (WSB) finals. In the competition held April 20 at the Almaty Towers Business Center, bantamweight (50-54kg) Bagdad Alimbekov won over 19-year-old Mexican Aaron Alameda with a score of…

Kazakhstan, Chevron Celebrate 20 Years of Partnership

ASTANA – On April 3, Chevron Oil celebrated the 20th anniversary of its operations in Kazakhstan at the Palace of Independence in the capital. “I would like to take this opportunity and congratulate those present on 20 years of joint work with Chevron. Thank you for your long-standing friendship,” President Nursultan Nazarbayev said at the…

Kazakh Pharmaceuticals Market Booms

ASTANA – Kazakhstan’s domestic drug market experienced booming growth of up to 15 percent last year. Fueled by demand from a rapidly expanding middle class and a general rise in the standard of living around the country, the domestic pharmaceuticals market grew to a total value of $1.2 billion in 2012. Kazakhstan’s domestic pharmaceutical market…

Almaty Seeks Role as Central Asian Financial Centre

ALMATY – Almaty is the biggest city in Kazakhstan, with a population of 1.5 million people, representing nearly 10 percent of the population of Kazakhstan. It is located in the centre of the Eurasian continent and known as the financial, business, cultural, historical, scientific, education and industrial centre of the country. Alma-Ata, as the city…

Almaty Becoming Central Asia’s Financial Hub

Almaty is establishing itself as Central Asia’s business, tourism and transportation hub. “Kazakhstan today has a thriving economy, governed by consumers, not plans. With material improvements, the city has also developed a well-deserved pride and self-confidence,” said Thomas Mirow, president of the European Bank for Reconstruction and Development at the EBRD annual meeting in Kazakhstan…

Expanded Microcredit Programmes to Boost Farming

ASTANA – Kazakhstan has vast opportunities and resources for agricultural development. It is already one of the world’s top 10 wheat producers and a global leader in exporting flour. In 2011, the country achieved a record crop of nearly 27 million metric tons. This made it possible to set the country’s grain export target at…

Future of Nuclear Power Moves into Focus of Considerations

ASTANA –Today, the power industry is the most important driving-force for world progress. Many believe that the greatest contribution to meeting the demand for energy and providing stable socio-economic development, for humanity in the 21st century will be made by the nuclear power industry. It is obvious that Kazakhstan’s power industry development will, sooner or…

Kazakhstan on Fast Track to Join WTO

ASTANA – Kazakhstan is close to joining the World Trade Organization. The road has been a long one. Kazakhstan’s accession negotiations with the WTO have now gone on for more than 16 years. The country first applied for membership in 1996 and it is still not a member. Long accession negotiations are not unusual in…