Tokayev Reiterates Need for Industry Experts, Future-Oriented Professions
ASTANA — President Kassym-Jomart Tokayev emphasized the need to address the critical shortage of experts in industries like water management, construction and energy, while also advocating for the training of specialists in future-oriented professions in his Sept. 2 address, reported Akorda. He underscored the importance of providing sufficient grant funding to domestic universities with educational…
Tokayev Calls for New Law to Stimulate Economic Activity and Develop Fintech Sector
ASTANA – President Kassym-Jomart Tokayev called for a new banking law that meets the current challenges of stimulating economic activity and dynamic development of the fintech sector in his Sept. 2 state-of-the-nation address. He noted that the existing law, which has been in place for 30 years, no longer aligns with present-day realities. Tokayev emphasized…
Kazakh Intellectual Sports Teams Complete Preparations for Fifth World Nomad Games
ASTANA – Kazakhstan’s national teams in Kazakh togyzkumalak, African ovari, and Turkish mangala held a final open training session on Aug. 28 at Nazarbayev University’s sports ground ahead of the fifth World Nomad Games, reported the event’s press service. According to the Kazinform news agency, the teams for these games were formed in three stages,…
President Tokayev Determines Oil and Gas As Foundation of Kazakhstan’s Economy
ASTANA – Oil and gas are strategic resources and a foundation of the national economy, President Kassym-Jomart Tokayev said at an Aug. 29 meeting dedicated to the 125th anniversary of Kazakhstan’s oil and gas industry, reported Akorda. As the President stated, nearly 250,000 people are currently employed in this sector. In addition to raw material…
Kazakhstan, Germany Sign Ten Cooperation Agreements at Business Council Meeting
ASTANA – Kazakhstan and Germany signed ten documents at the 15th meeting of the Kazakh-German Business Council on strategic cooperation on Aug. 28 in Berlin, reported the Prime Minister’s press service. Among them are a framework agreement on developing investment cooperation, a memorandum of understanding between the Saarbrücken Chamber of Commerce and Industry and the…
National Bank of Kazakhstan Keeps Base Rate at 14.25%
ASTANA – The Monetary Policy Committee of the National Bank of Kazakhstan (NBK) decided on Aug. 29 to keep the base rate at 14.25% with a corridor of +/- 1 percentage point, reported the bank’s press service. Annual inflation rose to 8.6% in July, which aligns with the NBK’s forecast trajectory. The current acceleration of…
Kazakh Government Approves 17 Major Projects Worth $31 Billion to Boost Exports
ASTANA — The Kazakh government has approved 17 major projects worth 15 trillion tenge (US$31.1 billion) to form high-value-added clusters, the Prime Minister’s press service reported on Aug. 28. These initiatives are set to generate over 26,000 jobs, increase exports by six trillion tenge ($12.4 billion), and facilitate import substitution exceeding 1.5 trillion tenge ($3.1…
Kazakhstan’s First Creative Industries Park Opens in Almaty Region
ASTANA – Kazakhstan opened its first creative industries park, established by Energo University, on Aug. 28 in Kaskelen, the Almaty Region, reported the university’s press service. The first event at the new venue was the Film Industry Forum, which included top managers and Michael Young, President of the New York Film Academy. Energo University Rector…
Danish Researcher Releases Fantasy Novel about Kazakh Botai Culture
ASTANA – Kazakh Deputy Foreign Minister Roman Vassilenko congratulated Danish researcher Leonora van Deurs on releasing her historical fantasy novel, “Botai – Shadowpath,” at a meeting on Aug. 26, reported the ministry’s press service. Van Deurs, who began writing the novel at age 15 and finished by 18, drew inspiration from the unique documentary “Equus:…
Direct Flights Between Kazakhstan and US to Launch by 2025
ASTANA – The United States Federal Aviation Administration (FAA) representatives arrived in Kazakhstan on a review mission to open direct flights between the two countries by late 2025, the Civil Aviation Committee reported on Aug. 26. From Aug. 26 to 30, the FAA is conducting a technical review as part of the International Aviation Safety…
Tokayev Congratulates Kazakh Athletes on Paris Olympics Achievements
ASTANA – President Kassym-Jomart Tokayev congratulated Kazakh athletes and coaches on their achievements at the Paris Olympics during a meeting on Aug. 27, reported Akorda. He especially noted Yeldos Smetov’s win who claimed the first Olympic gold medal for Kazakhstan in judo. Tokayev also called Nariman Kurbanov’s silver medal a historic achievement for Kazakhstan’s artistic…
Kazakhstan to Unite Global Securities Leaders This September
ASTANA — For the first time, Kazakhstan Central Securities Depository (KCSD) will host the 26th Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Almaty from Sept. 9 to 12. The meeting will bring together over 150 executives and representatives of more than 40 depositories, exchanges and clearing organizations worldwide. According to…
Kazakhstan to Increase Middle Corridor’s Capacity to Ten Million Tons Annually
ASTANA — The Kazakh government is working to implement the Roadmap to eliminate bottlenecks and develop the Trans-Caspian International Transport Route (TITR) until 2027 between Kazakhstan, Azerbaijan, Türkiye and between Kazakhstan and Georgia. This will increase the route’s capacity to ten million tons per year, the Prime Minister’s press service reported on Aug. 27. To…
Kazakh PM Reiterates Commitment to OPEC+ Cooperation
ASTANA – Kazakhstan is committed to further cooperation within the Organization of the Petroleum Exporting Countries (OPEC+), Prime Minister Olzhas Bektenov said at an Aug. 26 meeting with OPEC Secretary General Haitham Al Ghais, reported the Prime Minister’s press service. “We support the initiatives of the organization, accept restrictions along with other countries, including on…
Fifth World Nomad Games to Feature Kazakh-Made Arrows
ASTANA – Over 200 archers from 35 countries will compete using arrows made in Kazakhstan during the traditional archery competitions at the fifth World Nomad Games, the event’s press service reported on Aug. 21. “If earlier we relied on imported equipment, purchasing it in Türkiye, Hungary, and Russia, now the situation is gradually changing. I…
Task to Increase Trade Volume Between Kazakhstan and Tajikistan is Feasible, Says Tajik PM
ASTANA – The task set by Presidents of Kazakhstan and Tajikistan for their governments to increase mutual trade volume to $2 billion is really feasible, Tajik Prime Minister Kokhir Rasulzoda said at an Aug. 23 meeting with President Kassym-Jomart Tokayev, reported Akorda. “Kazakhstan has been steadily occupying one of the key positions in foreign trade…
Kazakh Athletes Poised for Gold in African Intellectual Game Ovari
ASTANA – Ainur Zhakapbayeva, head coach of Kazakhstan’s national togyzkumalak team, expressed confidence in the team’s potential to win a gold medal in ovari, an intellectual game from West Africa, at the fifth World Nomad Games, the event’s press service reported on Aug. 23. “Despite the fact that ovari has not yet become widespread in…
German Companies Expand Investment Presence in Kazakhstan
ASTANA – The Kazakh Invest national company delegation, led by Chairman Yerzhan Yelekeyev, paid a working visit on Aug. 19-21 to Germany to engage in discussions with the heads of major German companies and reported the Kazakh Invest’s press service. Siegmar Römhild, general director of WIS Kunststoffe GmbH, discussed plans to produce compounds and plastics…
Kazakhstan Imports Record Number of Passenger Aircraft
ASTANA – Kazakhstan imported 13 aircraft with a capacity of 50 to 300 passengers in the first six months of this year, a record number since 2018 when the country imported eight aircraft in January-June, Data Hub reported on Aug. 22, citing the State Revenue Committee of the Kazakh Finance Ministry. Kazakhstan usually imports no…
Road Infrastructure Improvement Near Completion in Kazakhstan
ASTANA – Kazakhstan is nearing completion of a large-scale road infrastructure improvement program, which includes constructing, reconstructing, and repairing 7,000 kilometers of roads by the end of the year, the Prime Minister’s press service reported on Aug. 23. Progress was made in reconstructing major transport arteries such as the Karagandy-Almaty, Taldykorgan-Oskemen, and Aktobe-Atyrau-Astrakhan highways, which…
Kazakh-Tajik Investment Forum Yields Nearly $900 Million in Contracts
ASTANA – The Kazakh-Tajik Investment Forum, held in Dushanbe on Aug. 21 ahead of President Kassym-Jomart Tokayev’s state visit to Tajikistan, resulted in the signing of several commercial agreements and contracts worth approximately $900 million, reported the Prime Minister’s press service. According to the Khovar National Information Agency of Tajikistan, the countries also plan to…
Interstate Relations Between Kazakhstan and Tajikistan Reach Allied Cooperation Level
ASTANA — The Treaty on Allied Relations between Kazakhstan and Tajikistan, signed on Aug. 22 by both leaders, marks the beginning of a qualitatively new stage of bilateral cooperation, President Kassym-Jomart Tokayev said during a joint media briefing with President Emomali Rahmon, reported the Akorda press service. During the talks, the leaders confirmed their mutual…
Kazakhstan Sees Twofold Increase in Sea and Coastal Cargo Transportation
ASTANA – In January-July, Kazakhstan’s sea and coastal cargo and baggage transportation volume reached 1.6 million tons, marking a 2.1-fold increase compared to the same period in 2023, EnergyProm reported on Aug. 19. This year’s transportation volume surpassed the annual figures recorded over the past five years. Previously, higher figures were recorded only before 2014.…
Kazakh PM Sends Off National Team to Summer Paralympics
ASTANA – Prime Minister Olzhas Bektenov presented Kazakhstan’s national Paralympic team with the state flag, which they will carry during the opening ceremony of the 2024 Summer Paralympic Games in Paris, scheduled from Aug. 28 to Sept. 8, reported the Prime Minister’s press service. “The Paralympic Games are not just a sport, they are a…
Cargo Transportation Along Middle Corridor Grows 63% in Seven Months
ASTANA – The volume of cargo transportation along the Trans-Caspian International Transport Route (TITR) increased by 63% to 2.5 million tons in seven months of 2024, Kassym Tlepov, deputy chairman of the Railway and Water Transport Committee of the Kazakh Transport Ministry said at an Aug. 20 briefing in the Central Communications Service (CCS), reported…
