Kazakhstan will hold a referendum on whether to build a nuclear power plant on October 6, President Kassym-Jomart Tokayev announced on September 2. Speaking at a meeting of both chambers of parliament with an annual address to the people of Kazakhstan, Tokayev argued the project is needed to diversify energy sources in Kazakhstan, which has abundant oil
The 8th CAREC Think Tank Development Forum (CTTDF) was held on August 27 and 28 in Almaty, Kazakhstan. Themed “The Climate Challenge: Thinking Beyond Borders for Collective Action,” the forum addressed regional climate challenges by fostering collaborations for policy recommendations and joint research. Organized by the CAREC Institute, the Eurasian Development Bank, the Asian Development Bank
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
