Kazakhstan’s Baiterek Holding Acquires Sberbank Subsidiary
NUR-SULTAN – Kazakhstan’s Baiterek Holding purchased Sberbank’s subsidiary in Kazakhstan after a deal that was signed on Aug. 18, reported Kapital.kz. Baiterek and Sberbank negotiated the purchase of the subsidiary, said the Agency for Regulation and Development of Financial Market Chair Madina Abylkassymova on June 23. According to her, it does not require a new…
Kazakh Citizens Save $58.2 Billion on Deposit Accounts
NUR-SULTAN – Kazakhstan’s deposit market increased by 3.3 percent over a month in July with total citizen deposits topping 28 trillion tenge (US$58.2 billion), according to National Bank data. According to Andrey Chebotaryov, a financial analyst, growth in savings accounts is due to both the revaluation of dollar deposits in terms of tenge and the…
Nur-Sultan Authorities Start Major Landscaping Work Near Small Taldykol Lake
NUR-SULTAN – The Nur-Sultan Akimat (city administration) announced plans to plant some 600 hardwood trees at an eco-park near Small Taldykol lake (Malyi Taldykol) on Aug. 28, following the residents’ long-running campaign to save the Taldykol lake network and green spaces from urban construction, reported the city administration’s press service. An eco-park near the Small…
Kazakh Internal Affairs Minister Calls SCO Member States for Collaborative Efforts to Tackle Transnational Crimes
NUR-SULTAN – The Shanghai Cooperation Organization (SCO) should develop a coordinated mechanism to combat transnational crime, said Kazakh Internal Affairs Minister Marat Akhmetzhanov at the fourth meeting of SCO member states’ Ministers of Internal Affairs and Public Security on Aug. 18 in Tashkent, reported the ministry’s press service. According to the minister, Kazakhstan has ratified…
Kazakh Feature Films Receive Accolades at Russia’s International Film Festival
NUR-SULTAN – Kazakh filmmakers Aizhan Kassymbek and Alisher Zhadigerov received awards for their feature films at the One Sixth International Film Festival of Debut Films, held Aug. 12-17 in Yekaterinburg, QazaqTV reports on Aug. 18. Kassymbek’s feature film “Fire” earned a Grand Prix at the One Sixth International Film Festival for Debut Films. Zhadigerov won…
Petropavlovsk Airport to Launch More International and Domestic Flights, Upgrade Fuel Complex
NUR-SULTAN – Petropavlovsk airport plans to launch flights to Shymkent, Turkistan, Russia’s Tyumen and Egypt’s Sharm El Sheikh, said Valikhan Dzhilisbayev, director of Kyzylzhar International Airport LLP, Kazinform reported on Aug. 17. People now fly only to two destinations from Petropavlovsk – Almaty and Nur-Sultan. “Our job is to ensure aviation security, flight safety, airport…
No Grounds for Pessimistic Forecasts Regarding Kazakh-Russian Cooperation, Says President Tokayev in Sochi
NUR-SULTAN – There are no grounds for making pessimistic forecasts regarding the future of Kazakh-Russian cooperation, said President of Kazakhstan Kassym-Jomart Tokayev during his Aug. 19 meeting with President Vladimir Putin in Sochi, Akorda press service reported. “We share the world’s longest border, which is completely delimited,” said Tokayev. Tokayev reiterated his determination to strengthen…
Vietnam Confirms Participation in Upcoming CICA Summit in Kazakhstan
NUR-SULTAN – Vietnam confirmed its participation in the Conference on Interaction and Confidence-Building Measures in Asia (CICA) summit, which will be held in October this year in Nur-Sultan during the first official visit of Kazakhstan’s Deputy Prime Minister and Foreign Affairs Minister Mukhtar Tileuberdi to Hanoi on Aug. 18, reported the ministry’s press service. The…
Kazakhstan to Upgrade Customs Infrastructure Capacity
NUR-SULTAN – Nine automobile and one railway checkpoints on the Eurasian Economic Union’s (EAEU) external border, as well as the Main Dispatch Department of the Kazakh Finance Ministry’s State Revenue Committee in Nur-Sultan, will be upgraded, said the committee’s Chair Daniyar Zhanalinov at an Aug. 18 government meeting, reported Prime Minister’s press service. The government…
Kazakh Market to Receive Extra Gas Supply From Tengiz as President Tokayev Meets Chevron CEO
NUR-SULTAN – President Kassym-Jomart Tokayev welcomed the decision of Chevron-led Tengizchevroil (TCO) to redirect an additional 2.6 billion cubic meters of gas to the domestic market at an Aug. 18 meeting with Chevron CEO Michael Wirth in Nur-Sultan, reported the Akorda’s press service. The Chevron delegation also met with Kazakh Prime Minister Alikhan Smailov. During…
Kazakhstan’s Mortality Rate Falls by 9.6 Percent Over Half-Year Period of 2022
NUR-SULTAN – The mortality rate in Kazakhstan dropped by 9.6 percent in the first half of 2022 compared to the previous year, according to recent data from the Bureau of National Statistics. Official data says that the leading cause of death in Kazakhstan are circulatory diseases, neoplasms and respiratory diseases. The Almaty Region had the…
Kazakhstan to Establish Children’s Rights Commissioners in Regions
NUR-SULTAN – The position of Children’s Rights Commissioner will be established in all regions of Kazakhstan, reported the Ministry of Education on Aug. 17. Seven regions have already appointed commissioners, who will work on a voluntary basis. According to the ministry, Children’s Rights Commissioners will be appointed by the akims (mayors) of regions and cities…
Kazakhstan, Tajikistan Extend Financial Support to Boost Exports
NUR-SULTAN – Kazakh Export Chairman Aslan Kaligazin signed bilateral agreements with the major banks of Tajikistan to foster cooperation and increase the exports of non-commodity goods from Kazakhstan, reported the Kazakh Export national company on Aug. 17. The national export insurance company agreed with Tajikistan’s Amonatbank State Savings Bank and Orienbank to extend the risk…
Kazakh President to Pay Visit to Russia, Azerbaijan
NUR-SULTAN – Kazakh President Kassym-Jomart Tokayev will meet with President of Russia Vladimir Putin on Aug. 19 as part of the working visit to Sochi, reported the Akorda’s press service. Presidents are expected to discuss strategic partnership, including development of trade and economic cooperation. On Aug. 24, the President will pay an official visit to…
KazMunayGas Chairman Meets with Azerbaijan’s SOCAR President, Visits Batumi Oil Terminal
NUR-SULTAN – Kazakhstan’s KazMunayGas (KMG) oil and gas company seeks to develop bilateral cooperation with Azerbaijan’s SOCAR energy company in connection to the trans-Caspian infrastructure development. This was announced during the meeting between KMG Management Board Chairman Magzum Mirzagaliyev and SOCAR President Rovshan Najaf as part of Mirzagaliyev’s working trip to Baku in mid-August. As…
Chinese Conglomerate Genertec to Open Regional Office in Kazakhstan
NUR-SULTAN – Vice President of the Genertec International Holdings Wu Yi announced plans to open a regional office in Kazakhstan to boost investment cooperation with the Commonwealth of Independent States (CIS) and the Central Asian countries at a meeting with Zhandos Temirgali, the deputy chair of the Kazakh Invest national company, reported the company’s press…
Kazakh Citizens Lose $14.6 Million in Online Frauds Since Beginning of This Year
NUR-SULTAN – Kazakhstan has recorded 11,763 internet scams since the beginning of this year, which have cost victims of internet frauds nearly 7 billion tenge (US$14.6 million), spokesperson of Internal Affairs Ministry Shugyla Turlybek said at an Aug. 8 press briefing in Nur-Sultan. Internet frauds were registered mainly in Nur-Sultan, Almaty and the Karaganda Region.…
Kazakhstan’s Foreign Trade Turnover Hits $63.7 Billion Over Half-Year Period of 2022
NUR-SULTAN – In the first six months of this year, Kazakhstan’s foreign trade turnover has surged to $63.7 billion, the highest rate in nine years, reported the Economic Research Institute on Aug. 16. The country increased its exports to $42.2 billion and imports to $21.5 billion. “The exports growth was generated by an increase in…
Kazakhstan Welcomes Nearly 200,000 Foreign Tourists Since Beginning of This Year
NUR-SULTAN – The eQonaq information system for registering international visitors as part of check-in procedures has recorded 195,149 tourists since the beginning of the year, reported the Kazakh Ministry of Culture and Sports on Aug. 15. Kazakhstan welcomed tourists from Russia, who comprised – 67 percent, Uzbekistan – 16 percent, Turkey – 6 percent and…
AIFC Grants Binance In-Principle Approval to Operate Digital Asset Trading Facility
NUR-SULTAN – The Astana International Financial Center’s (AIFC) independent regulator – Astana Financial Services Authority (AFSA) – granted Binance, the world’s largest crypto exchange, in-principle approval to operate a digital asset trading facility and provide custody at the AIFC, the financial center’s press service reports on Aug. 15. Chief Executive Officer of AFSA Nurkhat Kushimov…
Kazakhstan’s Inflation Rate Rises to 15 Percent in July
NUR-SULTAN – The inflation rate in July increased to 15 percent (in June – 14.5), reported Deputy Chairman of National Bank Akylzhan Baimagambetov at an Aug. 16 government meeting chaired by Prime Minister Alikhan Smailov, reported the Prime Minister’s press service. Food prices have increased by 19.7 percent, non-food products – by 14.2 percent, paid…
Kazakhstan’s Economic Growth Accelerates in Seven Months of 2022
NUR-SULTAN – Kazakhstan’s economy grew by 3.3 percent between January and July 2022, Kazakh Minister of National Economy Alibek Kuantyrov said at an Aug. 16 government meeting chaired by Prime Minister Alikhan Smailov. The economic growth was driven by a surge in the construction, information and communication, trade, transportation and warehousing, manufacturing, agricultural and mining…
Kazakh Pavilion at Moscow’s VDNH Wins Best Restoration Project Award
NUR-SULTAN – The Kazakhstan pavilion won the best implemented project in the field of construction in the restoration and adaptation of a cultural heritage site category for modern usage at the Exhibition of Achievements of National Economy in Russia (VDNH), reported the press service of the Kazakh Embassy to Russia on Aug. 12. Following a…
President Tokayev Visits Nuclear Medical Center Ahead of Its Official Opening in September
NUR-SULTAN – President of Kazakhstan Kassym-Jomart Tokayev visited a brand new Nuclear Medical Center ahead of its official commissioning in September, the Akorda’s press service reports on Aug. 15. The President noted that the opening of the center is a significant event. He believes that the center’s work will help to improve the health of…
Kazakhstan Wins First Place at Asian Speedcubing Championship
NUR-SULTAN – Kazakhstan finished first out of 13 countries at the Aug.14 Rubik’s WCA Asian Championship 2022, followed by an Indian team that came in second and China that came in third, the press service of the championship reports. Japan, Mongolia and Kyrgyzstan rounded out the top five in the speedcubing championship. The winners of…
