Articles by Assel Satubaldina

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…

Kazakhstan marks International Day against Nuclear Tests with non-proliferation award, international conference

NUR-SULTAN – Kazakhstan’s First President Nursultan Nazarbayev presented Aug. 29 the Nazarbayev Prize for a Nuclear-Free-World and Global Security to the relatives of former International Atomic Energy Agency (IAEA) Director General Yukiya Amano, who passed away in July, and to the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) Executive Secretary Lassina Zerbo in Nur-Sultan. Established in 2016,…

Nazarbayev University hosts Harvard University’s largest student-run conference in Asia

NUR-SULTAN – Nazarbayev University hosted Aug. 16-Aug. 20 the Harvard Project for Asian and International Relations Conference (HPAIR), gathering 500 students from the world’s top universities to address emerging challenges in the Asian region. Organised since 1991, HPAIR provides a platform to students to discuss political, social and economic issues facing the Asia Pacific Region. HPAIR…

Economy of Simple Things programme to create 16,000 jobs in Kazakhstan by 2025

NUR-SULTAN – Kazakhstan’s Economy of Simple Things programme will create 16,000 jobs by 2025. The programme, launched in March, received 600 billion tenge (US$1.55 billion) to develop domestic production of daily consumed goods and services.  Twenty billion tenge (US$516.3 million) will be devoted to agriculture and 400 billion tenge (US$1.03 billion) to support the processing industry…

Kazakh schools to introduce electronic books in September

NUR-SULTAN – Kazakh schools are moving closer to digitisation, as schoolchildren will have the opportunity to study with electronic books starting Sept. 1, the beginning of the school year. “Parents and children can download the books at the website of the ministry,” said Minister of Education and Science Askhat Aitmagambetov at an Aug. 13 government…

Latest FinReview report confirms Kazakhstan attracted quarter of a trillion dollars in FDI over 10 years

NUR-SULTAN – Kazakhstan has attracted $250 billion foreign direct investments (FDI) in the last ten years, according to FinReview’s recent analytical review of the country’s investment policy. Overall, nearly $320 billion in FDI has been injected in the Kazakh economy over the years of its independence. The largest volume of foreign investments came in 2012…

Nur-Sultan cuts budget on LRT construction by $350 million

NUR-SULTAN – The Nur-Sultan Akimat (city administration) recently cut $350 million from the budget to build a new light rail train system, Nur-Sultan Mayor Altai Kulginov announced recently. The city reduced the allocation for the project from $1.8 billion to $1.45 billion. Kulginov also said the reduction cut the number of stations from 18 to…

Kazakh housing sector investment through Nurly Zher programme increases 15 percent

NUR-SULTAN – Investment in Kazakhstan’s housing sector through the Nurly Zher housing programme increased 15.5 percent in the first six months of 2019 compared to the same period in 2018, Kazakh Minister of Industry and Infrastructure Development Roman Sklyar announced recently. Total investment through the programme through the end of June was 605.7 billion tenge…

Gross output in farming grows 10.5 percent in six months, reaches $2.76 billion

NUR-SULTAN – The Kazakh farming sector grew 10.5 percent in its gross output in the first six months of 2019 and produced 1.063 trillion tenge (US$2.76 billion) worth of products, Kazakh Minister of Agriculture Saparkhan Omarov announced recently. Beef production totalled 477,000 tonnes meeting 98 percent of the country’s demand. Lamb production reached 150,000 tonnes…

Alakol Lake officials announce $78 million tourism infrastructure investment

NUR-SULTAN – Thirty billion tenge (US$78.3 million) will be invested in the next four years in infrastructure projects at Alakol Lake, a popular beach vacation destination between the East Kazakhstan Region and Almaty. A working group was created to plan and monitor the projects. The lake, among the national tourism priorities, receives significant support from…