EURASIAN STAR LOGO
International Affairs KZ

Kazakh-German Business Council meeting held in Berlin

The 15th meeting of the Kazakh-German Business Council for Strategic Cooperation was held in Berlin on August 28. First Deputy Prime Minister of Kazakhstan Roman Sklyar and Director of the Eastern Committee of the German Economy Michael Harms co-chaired the meeting, and Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov also spoke on the

Read More
Geo Politics KZ

Imprisoned ex-wife of former Kazakh president’s nephew gets additional prison term

The Specialized Inter-District Court in Kazakhstan’s largest city, Almaty, on August 29 sentenced the already imprisoned ex-wife of a convicted nephew of the country’s former President, Nursultan Nazarbaev, to 12 years in prison, RFE/RL’s Kazakh Service reported. Gulmira Satybaldy was found guilty of forcibly holding her relative and former business partner Abai Zhunusov in isolation against his

Read More
International Affairs KZ

Turkish company to develop healthcare infrastructure project in Kazakhstan

On August 28, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov met with representatives of the Turkish group of companies Orhun Medical to discuss the progress of the company’s investment project for the construction of a multidisciplinary clinic in Almaty and the opening of several medical centers in the regions of

Read More
Geo Politics KZ

Kazakhstan to hold referendum on nuclear power plant construction

The Government of Kazakhstan on August 27 decided to hold a referendum on the construction of the country’s first nuclear power plant. An exact date for the nationwide referendum has yet to be determined.  The Government session today, chaired by Prime Minister Olzhas Bektenov, considered the prospects for the development of nuclear energy in the

Read More
Business & Economy KZ

Carlsberg to expand operations in Kazakhstan

Kazakhstan’s Deputy Minister of Foreign Affairs Alibek Kuantyrov last week met with President of Carlsberg Kazakhstan Vyacheslav Maltsev to discuss the Danish company’s plans to expand its activities in Kazakhstan and Central Asia. As reported by the Kazakh Foreign Ministry, Maltsev noted the favorable investment climate in Kazakhstan and told about a new Carlsberg Kazakhstan

Read More
Business & Economy KZ TJK

Kazakhstan to help create a technology park in Tajikistan

Kazakhstan’s Ministry of Digital Development, Innovation and Aerospace Industry and Freedom Bank, on one side, and Tajikistan’s Agency for Innovation and Digital Technologies and Amonatbank, on the other side, last week signed a memorandum of cooperation in the development of IT technologies and innovations. The parties agreed to cooperate in the development of digital infrastructure

Read More
Business & Economy KZ

Chinese company to build trade and industrial park in Astana

Kazakh Invest national company and the Chinese company Xinjiang Hengyuan Investment Management Co., Ltd. have signed a Memorandum of Understanding aimed at implementing a large-scale project to create a Kazakhstan-China Trade and Industrial Park in Astana. Xinjiang Hengyuan Investment Management Co., Ltd., based in Baiyang, China, with significant experience in executing similar projects, plans to build the

Read More
Business & Economy KZ

German companies expand investment in Kazakhstan

On August 19-21, a delegation of Kazakh Invest national company headed by the Chairman of the Board, Yerzhan Yelekeyev, visited Germany and held talks with major German companies. As reported by Kazakh Invest, at a meeting with representatives of WIS Kunststoffe Gmbh, which plans to produce compounds and plastics in Kazakhstan’s Atyrau region, the company’s general director, Sigmar

Read More
Geo Politics KZ TJK

Kazakhstan and Tajikistan strengthen strategic partnership

On August 22, Kazakhstan President Kassym-Jomart Tokayev arrived in Tajikistan on a state visit and held talks with President Emomali Rahmon. Following the talks, the presidents signed a Treaty on allied relations between Kazakhstan and Tajikistan. President Rahmon emphasized the historical importance of signing the Treaty and stated that “this important document will undoubtedly open

Read More
Geo Politics KZ

Kazakhstan summons Belarusian ambassador after Lukashenko interview

Kazakhstan summoned Paval Utsyupin, Belarus’s ambassador in Astana, to “objectively assess” the Central Asian nation’s stance on key international issues in an unbiased manner amid rising tensions between the two countries, RFE/RL’s Kazakh Service reported. The Kazakh Foreign Ministry did not say specifically why it summoned Utsyupin, but it comes after Belarus President Aleksandr Lukashenko made several

Read More
Business & Economy KZ

Chinese company to build ore processing plant in Kazakhstan

The Chinese company Zijin Mining Group Co. Ltd plans to invest in developing gold, copper, and polymetallic deposits in Kazakhstan. The project was discussed last week in Astana by Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov and Zijin Mining Chairman Chen Jinghe.   Zijin Mining is currently searching for a suitable deposit in

Read More
Business & Economy KZ

Tyre production launched in Kazakhstan

The KamaTyresKZ tyre-manufacturing plant in the city of Saran in Kazakhstan’s Karaganda region was put into operation on July 1 and during the first month of its operation produced about 30 thousand tyres, including 29 thousand tyres for passenger cars. The plant is a joint project with Russia’s Tatneft company. The plant’s production capacity is

Read More
Geo Politics KZ

Prison term of Kazakh ex-president’s nephew replaced with suspended sentence

A court in Kazakhstan’s eastern city of Oskemen has replaced a six-year prison sentence given to a nephew of Kazakhstan’s former strongman President Nursultan Nazarbaev with a suspended sentence, RFE/RL’s Kazakh Service reported. Court No. 2 in the capital of the East Kazakhstan region ruled on August 16 that Qairat Satybaldy, 52, must be released with a

Read More
Business & Economy KG KZ TJK

EDB member states show robust growth supported by industrial production and domestic demand

The Eurasian Development Bank (EDB) has released the latest Macroeconomic Review for the Bank’s six member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. EDB’s analysts note that most member countries continue to display robust growth: the aggregate GDP of the EDB’s region of operations increased by 4.6% YoY in January-June 2024, after an increase

Read More
Business & Economy KZ

Kazakhstan and Turkey increase trade in agricultural products

A number of documents were signed for Turkish investments in Kazakhstan’s agro-industrial sector and trade in agricultural products for a total of $2 billion during a visit of Kazakh Minister of Agriculture Aidarbek Saparov to Turkey on August 12. With the participation of Turkish investors, six projects have already been implemented in Kazakhstan, and 10

Read More
Eurasia Geo Politics KZ

Container transit from China to Europe through Kazakhstan shows dramatic growth

Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) on August 13 said that since the beginning of this year, the rail container transportation from China to Europe through Kazakhstan along the Trans-Caspian International Transport Route (TITR) has grown 14-fold compared to the same period last year. The Trans-Caspian International Transport Route, also known as the

Read More
Business & Economy KZ

UNDP presents results of project on de-risking investments in Kazakhstan green energy sector

The United Nations Development Programme (UNDP) in Kazakhstan has presented the results of the project to reduce the risks of investing in renewable energy technologies. At the final event of the project, which was implemented by UNDP in partnership with the Ministry of Energy of Kazakhstan and with financial support from the Global Environment Facility

Read More
Business & Economy KG KZ

Traveling on toll road between Almaty and Lake Issyk-Kul may cost $10-$25

Travel on the planned highway that will connect Kazakhstan’s largest city, Almaty, and Kyrgyzstan’s Lake Issyk-Kul would cost between $10 and $25, Tazabek news agency reported citing Kylychbek Jakypov, the Asian Development Bank’s (ADB) representative and national coordinator of Almaty-Bishkek Economic Corridor. Almaty is only 80 kilometers away from Issyk-Kul, which is renowned for its

Read More
Business & Economy KZ

EBRD continues to support Kazakhstan’s mining sector

The European Bank for Reconstruction and Development (EBRD) says it is making its first direct equity investment in the graphite and critical raw materials sector in Central Asia by acquiring a stake in Sarytogan Graphite Limited, an Australian Securities Exchange-listed company involved in the exploration of the Sarytogan graphite deposit in the Karaganda region of central Kazakhstan. The

Read More
Business & Economy Eurasia KZ

Central Asian countries and Japan develop economic cooperation

On August 9, Astana hosted a business forum in the framework of the “Central Asia + Japan” dialogue. The event, organized by national company Kazakh Invest and Japanese association ROTOBO, was an important platform for strengthening trade, economic and investment ties between the countries of the region and Japan, Kazakh Invest reported. Speaking at the event,

Read More