Articles by Assel Satubaldina

Ancient Kazakh traditions on display in capital during ethnofest

NUR-SULTAN – More than 30,000 people took the opportunity to learn more about the cultural heritage and traditions of the Kazakh people during Nur-Sultan’s open-air ethnofest May 31 to June 2. The festival was organised by the Nur-Sultan Akimat (city administration) and the Kazakh Ethno Sport Association. The festival also coincided with the city’s June…

Kazakh government adopts latest package of amendments to support economy of simple things

NUR-SULTAN – The Kazakh government adopted the latest package of amendments May 28 to the programme supporting domestic production of daily consumed goods and services, known as the Economy of Simple Things. The proposed measures include cutting the interest rate for end borrowers with a fixed state-subsidised share, introducing a preferential period for a maximum…

Political reforms, opportunities for youth, support for SMEs are needed, says presidential candidate Kossanov

NUR-SULTAN – Amirzhan Kossanov, 55, considers himself the opposition candidate in the upcoming June 9 presidential elections in Kazakhstan, he told The Astana Times in an exclusive interview. This year’s election ballot will feature seven candidates and for the first time in the history of Kazakhstan, founding President Nursultan Nazarbayev is not a candidate. Kossanov…

First cars will roll off Hyundai production line in Almaty in 2020

NUR-SULTAN – Astana Motors, Kazakhstan’s leading car distributor, will build a Hyundai car assembly plant in Almaty, with the first cars slated to roll off its production line in 2020. The Hyundai Trans Plant will stretch across 25 hectares in the city’s special economic zone. Founded in 1992, Astana Motors is Kazakhstan’s first company in…

Kossanov’s election platform promises increased reforms

NUR-SULTAN – Amirzhan Kossanov, 55, is among the seven candidates running in Kazakhstan’s June 9 presidential election. In his platform, Kosanov, who positions himself as an opposition candidate, promises political freedoms, protecting the country’s and people’s interests, tougher measures to curb corruption and a course towards European standards. A Kyzylorda native, he was nominated April…

Kazakh SMEs generated more than $73 billion in 2018, continue to grow

NUR-SULTAN – Kazakh small and medium sized businesses (SMEs) generated more than 28 trillion tenge (US$73.8 billion) in 2018, said Vice Minister of National Economy Yermek Alpysov at a May 22 press briefing. The number of SMEs also grew 8.3 percent to 1,241,328 compared to 2017, with the most in Almaty, the capital and the…

Kazakhstan seeks to boost number of e-commerce buyers to 15 million by 2025

NUR-SULTAN – Kazakh officials say e-commerce friendly legislation and increased agricultural sales have the potential to push e-commerce sales in Kazakhstan to 15 million buyers annually by 2025. E-commerce sales in Kazakhstan increased 1.5 times in 2018 over 2017 to $707.4 million and the number of buyers doubled over 2017 to 2.3 million people. The…

EBRD, UN Climate Fund loan $16.7 million to build 30 MW solar plant in eastern Kazakhstan

NUR-SULTAN – The European Bank for Reconstruction and Development (EBRD) and Green Climate Fund (GCF) will loan $16.7 million to China’s Universal Energy to build a 30 MW solar power plant in Zhangiztobe in the East Kazakhstan region. The agreement was signed during the recent Second Belt and Road Forum for International Cooperation in Beijing…

Kazakh ruling party nominates incumbent President Tokayev as candidate for June 9 presidential election

NUR-SULTAN – Kazakh ruling Nur Otan party congress unanimously nominated April 23 Kazakh President Kassym-Jomart Tokayev as the party’s candidate for Kazakhstan’s June 9 presidential election. The nomination was supported by 600 delegates at the congress and was announced by former President and current party Chair Nursultan Nazarbayev. Nazarbayev has described Tokayev as a “close…

Global leaders to focus on ‘inspiring growth’ at Astana Economic Forum

NUR-SULTAN – More than 3,000 domestic and international economists, political leaders and civil society representatives are expected to gather May 16-17 in the Kazakh capital for the annual Astana Economic Forum (AEF). Approximately half the participants will be foreign delegates from more than 100 countries. The forum will address changes in global economies, the social…