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Pension System Modernization to Promote Reliability and Efficiency

…style. Initially the pension funds had a 0.5 percent commission for using pension assets, and management companies had a 15 percent commission. Previously, when savings’ rate was low, this remuneration…

Qazaq Air launches new route between Astana and Shymkent

…Kazakhstan founded by the Samruk Kazyna Sovereign Wealth Fund owning 100 percent of shares of the airline. The company was registered in April 2015. Qazaq Air meets local and international…

Citi Country Head: Kazakhstan’s Market Is Good for Business

…for a global player with high standards around product offering, client selection, regulatory compliance and staff qualification, like Citi,” he said. “The fact that Citi finds Kazakhstan important and maintains…

Kazakhstan quadruples construction of student housing, will build dorms for 9,200 students this year

…are in higher education institutions and 23,000 in colleges. By city, Almaty needs 31,000; the capital, 17,000, and Shymkent, 8,400. The cost to complete the entire project is 152 billion…

Almaty Educates Public about National Job Programme

…which 527 people have already completed. Of those 527, 26.8 percent or 141 people, over the last year found jobs. The campaign also provided its 698 participants with social-sector jobs…

Development Bank of Kazakhstan Finishes Year in Black, Plans Changes for 2016, Says Chairman

…whole? I would like to underline the fact that, compared to the previous year, there was a dynamic, significant growth of the approval of credit requests. Since the beginning of…

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

…centres across the country. More than 174,000 businesses have used the services, including 19,000 online. “The impact is obvious. More than 46,000 companies were opened, more than 8,000 companies expanded…

Exploration kicks off at Central Asia’s largest tin field in North Kazakhstan

…field in Syrymbet village in the North Kazakhstan Region. Syrymbet field. Photo credit: North Kazakhstan Region Press Service. Syrymbet is the world’s largest undeveloped tin and complex rare earth polymetal…

Kazakhstan to Supply Its QazVac COVID-19 Vaccine to Other Countries Next Year

…vaccine as humanitarian aid to Afghanistan and other Muslim countries,” said Tokayev. “This is a very complicated production process. It takes three to four years to launch such a facility…