Articles by Assel Satubaldina

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 and Infrastructure Development Beibit Atamkulov at an Oct. 7 government session, reported primeminister.kz. The growth is attributed to the launch of new routes and of the FlyArystan low-cost…

Hong Kong business delegation visits Shymkent, expresses interest in partnerships 

NUR-SULTAN – A business delegation of the Hong Kong Trade Development Council visited Shymkent, Kazakhstan’s third largest city, Sept. 18-19 to set up partnerships and expand bilateral ties. The companies are leading producers of electronic goods, household appliances, interior design, cosmetics, health products, food and chemical goods. Hong Kong is ranked among the top three…

ADB celebrates 25 years of partnership with Kazakhstan, invests over $5 billion 

NUR-SULTAN – As the Asian Development Bank (ADB) celebrates 25 years of its partnership with Kazakhstan, the bank has invested more than $5 billion in sovereign loans, non-sovereign loans and guarantees to support the country’s development since its independence. These include nearly 30 projects in sovereign loans, ten projects in the private sector and nearly…

More than 77,000 participate in Bastau Business, Zhas Kasipker programmes

NUR-SULTAN – More than 77,000 individuals have graduated from the Bastau Business (Start Business) and Zhas Kasipker (Young Entrepreneur) programmes since their launch in 2017, said Atameken National Chamber of Entrepreneurs Chair Ablai Myrzakhmetov at a Sept. 23 government meeting. The chamber runs the programmes, which provide one-month training to future entrepreneurs across different areas…

Nazarbayev urges Eurasian parliaments to be more active in policy decisions and international cooperation during parliamentarians meeting in Nur-Sultan

NUR-SULTAN – Kazakhstan’s First President, Nursultan Nazarbayev, urged the national parliaments of Eurasia to be more involved in shaping their nations’ policies and in strengthening international cooperation during the opening session of the Sept. 23-24 Fourth Meeting of Speakers of the Eurasian Countries’ Parliaments. Parliamentary delegations from 65 countries, including 41 led by the speakers…

World Wrestling Championship finishes in Nur-Sultan, as Kazakhstan secures eight Olympic licenses

NUR-SULTAN – Kazakh wrestlers secured eight Olympic licenses for the country’s team at the senior World Wrestling Championship that ended Sept. 22 in the capital. The competition, organised in the city for the first time, gathered approximately 1,000 athletes from 105 countries. The championship was an opportunity for the top six finishers – gold, silver,…

Fitch affirms Kazakhstan’s rating at BBB with stable outlook

NUR-SULTAN – The Fitch credit rating agency affirmed Kazakhstan’s long-term foreign currency issuer default rating (IDR) at BBB with a Stable Outlook, according to the Fitch ratings published Sept. 6. Fitch noted Kazakhstan’s outlook features strong public and external balance sheets supported by large government savings and a substantial net foreign asset position. The outlook,…

Kazakhstan’s Vinokurov wins Ironman 70.3 World Championship division in Nice

NUR-SULTAN – Kazakhstan’s Olympic cycling champion and Astana Pro Team General Manager Alexander Vinokurov won the Ironman 70.3 World Championship in the 45-49-year division in Nice. The triathlon competition was held Sept. 7-8 on the French Riviera, bringing nearly 6,000 athletes from all corners of the globe. The athletes tackled the 1.9-kilometre swim in the…

Kazakh government to prepare by Sept. 7 plan to implement state-of-nation address

NUR-SULTAN – The Kazakh government will prepare by Sept. 7 a plan to implement the initiatives presented by President Kassym-Jomart Tokayev in his Sept. 2 state-of-the-nation address. It was Tokayev’s first state-of-the-nation address since being elected June 9. In his address, Tokayev pledged to improve public administration, better protect citizens rights, diversify the economy, support…

Banking sector reforms are critical to developing Kazakh economy, says EBRD President

NUR-SULTAN – The European Bank for Reconstruction and Development (EBRD), which has an extensive portfolio of 262 projects in Kazakhstan, has invested nearly $9.1 billion since the country’s independence in 1991. The bank now seeks to grow its assistance in banking sector reforms, said EBRD President Sir Suma Chakrabarti in a recent interview with a…