Articles by Zhanna Shayakhmetova

Kazakhstan Chairs Working Group of Preparatory Commission for Comprehensive Nuclear-Test-Ban Treaty

NUR-SULTAN – This year marks the 30th anniversary of the closure of the Semipalatinsk nuclear test site. On August 29, 1991, Kazakh First President Nursultan Nazarbayev signed a historical document, a decree on the closure of the Semipalatinsk nuclear test site.  The international community, recognizing the contribution of Kazakhstan in strengthening the non-proliferation regime of…

Kazakhstan Chess Team Leads in FIDE Online Chess Olympiad Before Playoffs

NUR-SULTAN – Kazakhstan’s chess team took first place in Group A of the Top Division at the FIDE Online Chess Olympiad, reported the press service of the Kazakh chess federation. Now the team will compete in the playoffs, which will be held from Sept.13-15.  One of the sensations so far is Zhansaya Abdumalik’s win over…

AIFC Tech Hub Unveils Startup Ecosystem of Kazakhstan Report

NUR-SULTAN – The Astana International Financial Centre (AIFC) Tech Hub released the “Fintech Startup Landscape in Kazakhstan” report, the first study of Kazakhstan’s startup ecosystem, according to the press service of the AIFC. The AIFC Tech Hub was created to unite global start-ups, entrepreneurs, corporations, investors, experts, and specialists in the field of innovation. The…

S&P Global Ratings Affirms Kazakhstan’s Sovereign Credit Ratings at Stable Outlook

NUR-SULTAN – The S&P Global Ratings international rating agency affirmed the sovereign credit rating of Kazakhstan at the level of stable outlook. This year, the sustained fiscal policies and expectations of economic recovery were the main factors for determining the credit rating, according to the agency. In 2020, fiscal support measures from the government became…

In Focus: President Tokayev’s Address to Nation Sets Goals for Long Term Development of Kazakhstan

NUR-SULTAN – Kazakh political analysts have observed that the initiatives and instructions laid out in President Kassym-Jomart Tokayev’s Sept. 1 address-to-the-nation clearly outline the key priorities for further socio-economic development of the country. According to the experts, the implementation of this plan will further increase the stability and competitiveness of the economy, prosperity and improve…

Kazakhstan Shows Increase in Net FDI Among Transition Economies in UNCTAD World Investment Report

NUR-SULTAN – Kazakhstan showed an increase in net foreign direct investment (FDI) compared to 17 countries with transition economies and 34 landlocked countries, according to the World Investment Report compiled by the United Nations Conference on Trade and Development (UNCTAD). It is reported that the FDI flows to the transition economies of South-East Europe, the…

Interview: Atyrau Region Generates Most of Industrial Goods

NUR-SULTAN – The Atyrau region contributes 88 percent of industrial products and attracts approximately 30 percent of investments to Kazakhstan, said Kanysh Mambetov, acting head of the Department of Entrepreneurship, Industrial and Innovative Development of the Atyrau region. “The first large investment projects were implemented in the Atyrau region. This impacted the economic and energy…

Foreign Investors’ Council Focuses on Further Development and Increase of Investment Attractiveness of Oil and Gas Industry

NUR-SULTAN – Increasing the investment attractiveness of the oil and gas sector was discussed at the working meeting of the Foreign Investors’ Council (FIC), which was held in video format on Aug. 26.  President Kassym-Jomart Tokayev said that the oil and gas sector has always played a major role in the country’s development. The industry…

UNAMA, UN Agencies Accredited in Afghanistan Temporarily Relocated to Almaty, Kazakhstan

NUR-SULTAN – The group of personnel of the United Nations Assistance Mission to Afghanistan (UNAMA) and of other UN agencies accredited in Afghanistan have been temporarily relocated to Almaty, reported the Kazakh Ministry of Foreign Affairs.  The first flight with UNAMA personnel landed at the Almaty airport on Aug.18. The newly arrived persons are international…

Moody’s Investors Service Upgrades Kazakhstan’s Rating to ‘Stable’

NUR-SULTAN – Moody’s Investors Service (Moody’s) report upgraded Kazakhstan’s rating outlook to stable from positive on Aug. 11.  “The decision to upgrade the ratings is driven by Moody’s assessment that Kazakhstan’s sovereign balance sheet and credit profile demonstrates resilience that is consistent with peers at the Baa2 rating level,” reads the release.  It is expected…

President Tokayev Congratulates Olympic Athletes

NUR-SULTAN – President Kassym-Jomart Tokayev congratulated the athletes who took part in the 2020 Olympic Games in Tokyo. Eight athletes won bronze medals and the country took 83rd position in the team classification. Overall, 97 athletes in 27 sports represented Kazakhstan at the Olympics.  “I thank the athletes who showed their skills and their will…