Kazakhstan Subsidizes Women Entrepreneurs’s Projects Worth $1.3 Billion in Two Years
ASTANA – Kazakhstan has subsidized approximately 17,000 projects of women entrepreneurs worth 638 billion tenge ($1.3 billion) over the last year and ten months of 2023, Vice Minister of National Economy Bauyrzhan Omarbekov said at the 6th Forum of Kazakhstan’s Rural Women on Nov. 17, reported the ministry’s press service. Omarbekov stated that the government…
National Bank Governor Addresses Kazakhstan’s Economic Environment
ASTANA – Timur Suleimenov, the governor of the National Bank of Kazakhstan (NBK), discussed base rate reduction and economic outlook amidst global and domestic factors in his official statement published on Nov. 24. According to him, the decision to reduce the base rate by 25 basis points to 15.75% was underpinned by updated forecasts and…
Kazakhstan Launches New Legislation, Nationwide Initiatives Against Domestic Violence During 16 Days of Activism
ASTANA – Kazakhstan is initiating measures to tighten accountability for domestic violence amidst the 16 Days of Activism against Gender-Based Violence annual international campaign that begins on Nov. 25, the International Day for the Elimination of Violence against Women, and continues until Dec. 10, said Askhat Aimagambetov, member of the Mazhilis, a lower house of…
Kazakhstan Commences Construction of New Railway to Boost Connectivity
ASTANA – The Turkistan Region has commenced the construction of a new 152-kilometer railway line Darbaza-Maktaaral to augment capacity and enhance export and transit potential, Kazakh Prime Minister Alikhan Smailov announced at a Nov. 27 teleconference, reported the Prime Minister’s press service. A new checkpoint will be established along the Kazakh-Uzbek state border as part…
News Digest: Foreign Media on Kazakhstan’s Expanding Partnership with EU
ASTANA – The Astana Times has picked a selection of articles on Kazakhstan published in international media worldwide. This week’s foreign media digest includes articles on Kazakhstan’s collaboration with the European Union (EU), particularly the United Kingdom (U.K.), including in the human rights sphere, raw materials, investment, trade, and other fields. Economy Minister says Kazakhstan…
President Tokayev Presents Kazakhstan’s Perspective for UN Special Program for Central Asian Economies
ASTANA – President Kassym-Jomart Tokayev outlined Kazakhstan’s vision for further development of the United Nations (UN) Special Program for the Economies of Central Asia (SPECA) at the first Summit of the Heads of State and Government of the Participating Countries of the SPECA on Nov. 24 in Baku, reported the Akorda press service. As the…
Kazakhstan Reveals Preliminary Results of Digital Tenge Implementation Project
ASTANA – The National Bank of Kazakhstan (NBK) and the National Payment Corporation unveiled the preliminary outcomes of the initial phase of the digital tenge implementation project on Nov. 21, reported the NBK’s press service. The digital tenge platform was launched in a pilot mode, with the NBK issuing the digital tenge to the digital…
Kazakhstan Bolsters Collaboration with Vietnam’s SOVICO Group
ASTANA – Kazakhstan is ready to create the necessary conditions for SOVICO Group’s investment activities in the country, President Kassym-Jomart Tokayev said at a Nov. 22 meeting with Nguyễn Thanh Hùng, the Chairman of Vietnamese company, reported the Akorda press service. Tokayev welcomed the company’s activities in Kazakhstan, exploring the most promising areas of cooperation,…
Kazakhstan Joins UNESCO World Heritage Committee
ASTANA – Kazakhstan was elected to the United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Committee for 2023-2027 at the 24th session of the General Assembly of States Parties to the Convention Concerning Protection of the World Cultural and Natural Heritage on Nov. 22 in Paris, reported the Foreign Ministry’s press service. One…
Kazakhstan, IMF Affirm Commitment to Financial Sector Progress
ASTANA – Kazakhstan and the International Monetary Fund (IMF) affirmed their commitment to improving and developing the country’s financial sector at a Nov. 21 meeting in Astana, as the IMF concluded its 2023 Article IV consultation, reported the Prime Minister’s press service. Kazakh Prime Minister Alikhan Smailov expressed gratitude to the IMF for its consistent…
UK Outlines Promising Areas for Partnership with Kazakhstan
ASTANA – Nusrat Ghani, the Minister of Industry and Economic Security of the United Kingdom (U.K.), expressed optimism about future opportunities to strengthen economic ties and foster mutually beneficial partnerships during the press meeting in Almaty on Nov. 20, reported Forbes.kz. Ghani’s broad portfolio includes critical minerals, automotive, marine, and aerospace industries, which are key…
Kazakhstan, Germany Expand Cooperation in Green Energy
ASTANA – German Vice Chancellor and Federal Minister for Economic Affairs and Climate Action Robert Habeck conveyed Germany’s increasing interest in Kazakhstan’s green transformation during negotiations with a Kazakh delegation led by First Deputy Prime Minister Roman Sklyar on Nov. 20 in Berlin, reported the Prime Minister’s press service. The interest is driven by Kazakhstan’s…
Foreign Minister Attends Sixth Meeting of Kazakh-Hungarian Strategic Council
ASTANA – Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu took part in the sixth meeting of the Kazakh-Hungarian Strategic Council on Nov. 20 in Budapest during his official visit to Hungary, reported the Foreign Ministry’s press service. Co-chaired by Hungarian Finance Minister Mihály Varga, the meeting’s agenda included issues related to energy, industry,…
Kazakhstan Showcases Tourism Potential at Exhibition in China
ASTANA – The Kazakh delegation presented the country’s tourism opportunities at the China Outbound Travel and Tourism Market (COTTM) exhibition, which is taking place on Nov. 15-17 in Beijing, reported the Kazakh Tourism company’s press service. The 96-square-meter Kazakhstan stand received wide recognition at the event, featuring visuals of Kazakh heroes, performances of national melodies…
US Consortium Plans to Embark on Film Projects Worth Over $200 Million in Georgia and Kazakhstan
ASTANA – A consortium led by the United States (U.S.)-based investment and advisory firm ESTech, in collaboration with film and television production studio WonderHill Studios (WHS), plans to bring a series of film projects valued at over $200 million to Georgia and Kazakhstan, announced the consortium. The projects are set to commence at the end…
Kazakhstan Exports 2.8 Million Tons of Oil from Aktau Port in Ten Months
ASTANA – KazTransOil national oil transporter exported 2.8 million tons of Kazakh oil from the Aktau port in January-October, 981,000 tons or 54% more than in the same period last year, the company reported on Nov. 16. The volume of oil shipped from the Aktau port to the port of Baku increased by 964,000 tons…
News Digest: Foreign Media on Middle Corridor, Visa-Free Regime with China and More
ASTANA – The Astana Times has picked a selection of articles on Kazakhstan published in international media across the world. This week’s foreign media digest includes articles on the potential of the Trans-Caspian International Transport Route (TITR), the start of the Kazakhstan-China visa-free agreement, and ongoing reforms of Baiterek state-owned holding company. Kazakhstan’s transport minister:…
99 Kazakh Citizens Evacuated from Gaza Strip Arrive Safely in Almaty
ASTANA – A special evacuation flight safely transported 99 Kazakh citizens and their family members from the Gaza Strip to Almaty on Nov. 17, reported the Kazakh Foreign Ministry’s press service. Upon completing all mandatory procedures at the airport, the evacuated citizens are provided with temporary accommodation and essential legal, medical, and other assistance. The…
Kazakh President Signs Law on Children’s Payments from National Fund
ASTANA – President Kassym-Jomart Tokayev signed the law on introducing amendments and additions to some legislative acts on allocating funds to children from the National Fund of Kazakhstan, their payments and use on Nov. 16, reported the Akorda press service. Starting Jan. 1 next year, 50% of the National Fund’s annual investment income will be…
Subsoil Users, Kazakh Producers Sign Offtake Contracts Worth $124.9 Million
ASTANA – Large subsoil users, represented by companies including Eurasian Resources Group (ERG), Kazakhmys, Kazzinc, and KAZ Minerals, signed offtake contracts, long-term agreements and memorandums totaling 58 billion tenge ($124.9 million) with Kazakh producers at the Kazakhstan-Produced Content 2.0 Forum on Nov. 16 in Astana, reported the Prime Minister’s press service. Discussing new measures to…
Kazakhstan Launches Digital Tenge at Financial Congress in Almaty
ASTANA – Kazakhstan launched the initial phase of the digital tenge project at the 11th Financial Congress on Nov. 15 in Almaty, reported the National Bank of Kazakhstan (NBK). The pilot project to introduce digital currency was initiated in 2021, and its preliminary results were presented at the congress by National Payment Corporation CEO Binur…
Kazakhstan Outlines SCO Priorities and Initiatives for Foreign Media
…drew attention to the events hosted by Kazakhstan to deepen cooperation in the political, economic, cultural, and humanitarian spheres. Stability, sustainable development, trade, digitalization, high technology, innovation, smart agriculture, transport…
Kazakhstan Produces 74.8 Million Tons of Oil in Ten Months
ASTANA – Kazakhstan produced 74.8 million tons of oil in ten months of 2023, Energy Minister Almasadam Satkaliyev said at a Nov. 15 meeting with President Kassym-Jomart Tokayev, reported the Akorda press service. Satkaliyev said the country produced 11.2 million tons of petroleum products, 48.7 billion cubic meters of gas, 93.5 billion kilowatt-hours of electricity,…
UNESCO General Conference Adopts Kazakh-Initiated Resolution on World Metrology Day
ASTANA – The Natural Sciences Commission unanimously adopted a resolution, initiated by Kazakhstan, proclaiming May 20 as World Metrology Day at the 42nd session of the United Nations Educational, Scientific and Cultural Organization (UNESCO) General Conference on Nov. 13 in Paris, reported the Kazakh Foreign Ministry’s press service. The date commemorates the adoption of the…
Kazakhstan to Become One of Europe’s Green Energy Exporters
ASTANA – Kazakhstan has signed an agreement with Azerbaijan and Uzbekistan to create a project to export green energy to Europe, the Kazakh Energy Ministry’s press service reported on Nov. 15. Energy and economy ministers of the three countries agreed to prepare technical specifications and establish a joint venture for the export of eco-friendly energy…
