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Business & Economy KZ

16,000 Kazakhstanis live in extremely poor families with incomes below food basket cost

In the first quarter of 2025, there were 160,400 households in Kazakhstan with incomes below the subsistence level, 0.1% less than a year earlier. These households included 924,400 people, compared to 928,100 a year earlier, according to an analysis of finprom.kz. In terms of regions, the largest number of families with incomes below the subsistence

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Business & Economy KZ

Kazakhstan to control saiga antelope population

Kazakhstan’s Minister of Ecology and Natural Resources, Erlan Nysanbayev, has announced the government’s decision to begin controlling the rapidly expanding population of the saiga antelope in the country. The announcement was made following a June 28 meeting of the minister with farmers in the West Kazakhstan region, who complained about the catastrophic damage to agricultural

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Business & Economy Eurasia KZ

EDB raises funds on UAE capital markets to finance investment projects in Central Asia

The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, issued a private placement bond, denominated in dirham, in the local UAE capital markets. This pioneering issuance of AED 200 million (equivalent to c. US$54 million), was arranged by First Abu Dhabi Bank (FAB), the largest bank in the UAE, in partnership with

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Business & Economy KZ

The Business Year launches Kazakhstan 2026 media project

A Memorandum of Understanding has been signed between Azamat Kozhanov, Deputy Chairman of the Management Board of Kazakh Invest national company, and Maria Perez, Kazakhstan Project Director of the international business publication The Business Year. The agreement outlines cooperation on the upcoming edition The Business Year: Kazakhstan 2026, focused on Kazakhstan’s investment potential. In line with the

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Business & Economy KZ

IFC and Asian Credit Fund partner to increase access to finance in Kazakhstan

The International Finance Corporation (IFC), a member of the World Bank Group and Asian Credit Fund (ACF), one of the leading microfinance institutions in Kazakhstan, announced a new strategic partnership aimed at expanding access to finance for micro enterprises in rural areas of Kazakhstan. This collaboration is expected to foster financial inclusion, create jobs, and

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Business & Economy KZ

Kazakhstan begins construction of a plant for LPG supply from Kashagan oil field

Construction of a plant for the collection, transshipment and fractionation of liquefied petroleum gas (LPG) from the Kashagan oil field has begun in Kazakhstan’s Atyrau region. The project is aimed at ensuring stable supplies of LPG to the domestic market and reducing chronic shortages of this type of motor fuel. LPG is the most affordable

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International Affairs KZ

Turkish company to build logistics infrastructure in Kazakhstan

One of Turkey’s leading logistics companies, S Sistem Lojistik, plans to invest approximately $100 million in the construction of a network of modern logistics and warehouse terminals in Kazakhstan. Priority locations for these facilities include Almaty, Astana, Shymkent, Aktau, and other major cities. The project was discussed in Astana on June 27 by Chairman of

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Business & Economy KZ

India’s MSN Group to build pharmaceutical plant in Kazakhstan’s Almaty region

As a follow-up to the agreements reached during the visit of Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu to India, a meeting was held on June 26 at Kazakh Invest national company with the leadership of one of India’s leading pharmaceutical companies, MSN Group. During the negotiations, Chairman of the

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Art & Culture KZ

Preparing students to lead in a digital future

Zhanseit Tuimebayev is a distinguished statesman of the Republic of Kazakhstan, an esteemed diplomat, scholar, Doctor of Philological Sciences, professor, and Ambassador Extraordinary and Plenipotentiary. In his role as Chairman of the Board – Rector of Al-Farabi Kazakh National University he has the responsibility of guiding this world-class research university through the challenges of modern

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International Affairs KZ

Kazakhstan and Mongolia to strengthen transport and logistics cooperation

As part of his official visit to Mongolia, on June 26 Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu met with the country’s Minister of Roads and Transport, Borkhuu Delgersaikhan. The parties emphasized the importance of deepening Kazakh-Mongolian cooperation in the field of transport and logistics. The close geographical interconnectedness of

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Business & Economy KZ

Germany’s Knauf to build dry mix plant in Kazakhstan’s Zhambyl region

On June 24 in Astana, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov signed an investment contract with Alexander Blumhardt, Authorized Representative for CIS Countries at Knauf’s Managing Partners. The project involves building a modern plant using local raw materials, with a total investment of 30.5 million US dollars

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Business & Economy KZ

In 2024, Kazakhstan recorded its first-ever negative net FDI figure since independence

The United Nations Conference on Trade and Development (UNCTAD) has published its annual World Investment Report 2025, highlighting an 11% decline in global foreign direct investment (FDI) flows to $1.5 trillion. The drop was particularly severe in developing and landlocked countries, Kazakh Invest reported. According to UNCTAD, Kazakhstan has attracted over $151 billion in net FDI since gaining independence, making

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Business & Economy KZ

Kazakhstan’s first science city to be established near Almaty

Kazakhstan will establish the country’s first science city, Tekhnokala. It will enjoy a special status and be home to advanced technologies and scientific institutions, universities, and tech businesses, the government’s website reported. The concept of the future science city was discussed at a government meeting on June 20, chaired by Deputy Prime Minister-Minister of National

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Business & Economy Eurasia KZ

Central Asia and China hold Furniture and Construction Industry Forum

The 2025 Central Asia–China Furniture and Construction Industry Cooperation Forum was held in Astana last week. As part of the forum, a founding ceremony was held for the Association of Furniture and Building Materials Manufacturers of Central Asia and China. The event brought together around 100 business representatives from China and countries of the region,

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Business & Economy KZ

Kazakhstan begins exporting wheat to Vietnam

A transit container train with Kazakh wheat has arrived in the Chinese port of Lianyungang. This is the first of eight trains loaded with wheat destined for Vietnam and shipped via a multimodal route through China. According to the Kazakh Ministry of Agriculture, the train consists of 62 containers weighing a total of 1,700 tons.

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International Affairs KZ

Three Kazakhstani universities debut in QS World University Rankings 2026

The QS World University Rankings 2026 have been published, with 20 Kazakhstani universities featured – a testament to the rising quality of higher education in the country. New entrants include Shakhmardan Yessenov Caspian University of Technology and Engineering, M. Kozybayev North Kazakhstan University, and Shakarim University of Semey, according to the Kazakh Ministry of Science

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Geo Politics KG KZ TJK TKM UZB

Central Asian countries and China enhance cooperation

Chinese President Xi Jinping on June 17 called on China and Central Asian countries to promote high-quality Belt and Road cooperation and forge ahead toward the goal of building a China-Central Asia community with a shared future, Xinhua reported. Xi made the remarks in his keynote speech at the second China-Central Asia Summit in Astana

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Business & Economy Eurasia KZ

Astana hosts 2nd Central Asia–China Industrial and Investment Cooperation Forum

The Second Central Asia – China Industrial and Investment Cooperation Forum was held in Astana on June 16. The main goal of the forum was to develop and strengthen economic ties between the Central Asian countries and China, attract mutual investments, establish joint production facilities, and promote cooperative projects in the strategic sectors of the region’s economy.

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Geo Politics KZ

Kazakhstan and China set to expand cooperation

Chinese President Xi Jinping said on June 16 that China stands ready to work with Kazakhstan to contribute more to regional and world peace and development, Xinhua reported. Xi made the remarks when meeting with Kazakh President Kassym-Jomart Tokayev ahead of the second China-Central Asia Summit in Astana. Xi emphasized that China and Kazakhstan should

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Art & Culture KZ

Kazakh national epic ‘Narqyz’ receives recognition from the Prince of Wales

The Kazakh national epic Narqyz, created in the early 20th century by the prominent akyn Nurpeis Baiganin and published in English in 2024, has received a personal letter of gratitude from His Royal Highness the Prince of Wales, William. This marks the first time in history that a work of Kazakh oral literature translated into

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