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Business & Economy KZ

EDB to finance upgrade of heat and power plant in Kazakhstan’s Karaganda

The Eurasian Development Bank (EDB), represented by Ruslan Dalenov, Vice Chairman of the Management Board, and Karaganda Energotsentr, a 100% subsidiary of Kazakhstan Utility Systems, represented by Flyur Garipov, General Director, have signed a 13-year, US $240 million long-term loan agreement to finance the modernization and expansion of Karaganda Combined Heat and Power Plant 3

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International Affairs KZ

Kazakhstan and EU set to expand cooperation in 2025

On December 23, Deputy Minister of Foreign Affairs of Kazakhstan Roman Vassilenko met with Ambassador of the European Union to Kazakhstan Aleška Simkić. The parties noted the high dynamics of bilateral cooperation in the outgoing year, welcoming both numerous and regular high-level contacts as well as a significant increase in trade turnover and investment activity.

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International Affairs KZ

Construction of school donated by Kazakhstan starts in Türkiye

A ceremony of laying the foundation stone of a school was held on December 19 which will be built in Nurdagy district of Gaziantep province of Türkiye on the instructions of the President of Kazakhstan Kassym-Jomart Tokayev. The event was attended by Ambassador of Kazakhstan to Türkiye Yerkebulan Sapiyev, Governor of Gaziantep province Kemal Çeber,

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International Affairs KZ UZB

Kazakhstan and Uzbekistan to cooperate in countering disinformation and fake news

On December 18, a meeting of representatives of the Ministry of Culture and Information of Kazakhstan and the Agency for Information and Mass Communications under the Administration of the President of Uzbekistan was held in Tashkent. The parties signed a Plan for interaction in the information sphere for 2025. The document was signed following the

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International Affairs KZ

Euronews opens regional office in Astana

The Euronews television channel opened its regional office in Kazakhstan’s capital, Astana, on December 18. The opening ceremony was attended by the Chairman of the Board of Directors of Euronews Pedro Vargas and the Minister of Culture and Information of Kazakhstan Aida Balayeva, Orda.kz reported with reference to the press service of the Ministry of

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Business & Economy KZ

Russian uranium stake in Kazakhstan sold to China amid Western sanctions risk

Russia’s state-owned atomic company Rosatom is selling its stakes in uranium deposits in Kazakhstan to Chinese-owned companies as the Central Asian nation looks to avoid any international sanctions against Russian-linked assets and a sign of China’s growing influence in the region, RFE/RL reported. Kazatomprom, the world’s largest producer of uranium, said Uranium One Group —

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Geo Politics KZ

Kazakhstan’s role as middle power in focus at World Policy Conference

Kazakhstan’s contributions to addressing global challenges and its emerging role as a growing middle power were in the focus of discussions at the 17th annual World Policy Conference (WPC), organized by the French Institute of International Relations (IFRI) in Abu Dhabi on December 13-15. Thierry de Montbrial, founder and long-standing president of IFRI – one

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Business & Economy KZ

World Bank report highlights measures to boost inclusive growth in Kazakhstan

A new World Bank report highlights Kazakhstan’s progress in reducing poverty and the challenges ahead for inclusive growth, stressing that the pace of poverty reduction has slowed in recent years despite significant advances since the early 2000s. According to the “Kazakhstan Poverty and Equity Assessment 2024” report, making fiscal policy more pro-poor, improving the quality of education, and strengthening

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Business & Economy KZ

New train launched between Astana and Borovoye resort in Kazakhstan

Kazakhstan’s national railways company, Kazakhstan Temir Zholy (KTZ), has launched a new electric train connecting the country’s capital, Astana, and Borovoye, one of the country’s most popular resorts. Borovoye is the commonly used Russian name of the Burabay National Park, located just 250 kilometers north of Astana and famous for its pine forests and beautiful

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International Affairs KZ UZB

Another train tour launched between Kazakhstan and Uzbekistan

After launching a four-day train tour in November connecting the cities of Almaty, Turkestan, and Tashkent, Kazakhstan Temir Zholy (KTZ), Kazakhstan’s national railway company, has announced the launch of another train tour, “Jibek Joly (Silk Road) 2.0,” along the route Almaty-Turkestan-Tashkent-Samarkand-Shymkent-Almaty. The first train on this route will depart on January 2 and return to

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Eurasia Geo Politics KZ

Report on Kazakhstan’s role as Britain’s strategic partner in Central Asia launched in UK Parliament

On December 10, the British think tank Henry Jackson Society presented a research report titled “Understanding Kazakhstan’s Strategic Importance: A Middle Power Partner for the UK in Central Asia” in the UK Parliament. The event featured speeches by the principal Deputy Speaker of the House of Commons Nusrat Ghani MP, Ambassador of Kazakhstan to the

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Business & Economy Eurasia KG KZ TJK TKM UZB

The future of Islamic finance in Central Asia discussed

The Eurasian Development Bank (EDB), the Islamic Development Bank (IsDB) Institute, and the London Stock Exchange Group (LSEG), in the spirit of promoting Islamic Finance in Central Asia, have held a panel discussion, “Bridging the Capital Road: CIS & GCC,” as part of the Islamic Banking program at Abu Dhabi Finance Week (ADFW). This panel highlighted the transformative

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Business & Economy KZ

Investment attraction reviewed in Kazakhstan

On December 11, Kazakhstan Prime Minister Olzhas Bektenov held a meeting of the Board of Directors of JSC National Company Kazakh Invest to review the results of the company’s work and plans for further attraction of investments into the country’s economy. Chairman of the Board of NC Kazakh Invest JSC Yerzhan Yelekeyev reported that this

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International Affairs KZ

Kazakhstan seeks to strengthen cooperation with Arab countries

On December 10, Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan Murat Nurtleu held a working meeting with a group of ambassadors of Arab countries accredited in Kazakhstan. The meeting discussed ways to strengthen bilateral and multilateral cooperation, and a constructive exchange of views on the international and regional issues. Particular attention was

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International Affairs KZ

Second ‘Goodwill Ambassador’ award ceremony in Kazakhstan

On December 9, the Ministry of Foreign Affairs of Kazakhstan hosted a ceremony to appoint the second group of “Goodwill Ambassadors of Kazakhstan,” with the participation of First Deputy Minister of Foreign Affairs Akan Rakhmetullin. This project, initiated by President Kassym-Jomart Tokayev, aims to foster dialogue between cultures and peoples, while enhancing the country’s visibility

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Business & Economy KG KZ TJK

EDB forecasts high economic growth rates in its member states in 2025

The Eurasian Development Bank (EDB) has published its Macroeconomic Outlook, summarizing a preliminary overview of economic developments in the Bank’s six member states — Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan — in 2024, along with key macroeconomic projections for 2025, as well as for 2026 and 2027. EDB analysts estimate that GDP growth in

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International Affairs KZ

Kazakhstan’s initiative to create International Agency for Biological Security discussed in Geneva

A side event titled “International Agency for Biological Security: Progress and Prospects in the Context of the Institutionalization of the BWC” organized by the Permanent Mission of Kazakhstan to the United Nations in Geneva was convened on December 4 at the Palais des Nations. Held on the sidelines of the Working Group on the Strengthening

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Business & Economy KZ

EDB to invest in construction of modern logistics complex in Kazakhstan

The Eurasian Development Bank (EDB) and Eurasian Logistics Park LLP have signed a loan agreement for the construction of a Class A industrial and logistics complex in the Almaty region of Kazakhstan. The loan amounts to 16.6 billion tenge. The project provides for the construction of two modern warehouse buildings with a total area of 50

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Art & Culture KZ

Kazakh wedding ritual inscribed on UNESCO List of Intangible Cultural Heritage

At the 19th session of the UNESCO Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage, held in Asunción, Paraguay on December 4, the traditional Kazakh wedding ritual Betashar was included in the Representative List of the Intangible Cultural Heritage of Humanity. “Betashar is one of the most vivid and widespread rituals in the living

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Business & Economy KZ

EBRD and Canada provide €267 million financing for Kazakhstan’s power grid company

The European Bank for Reconstruction and Development (EBRD) says it is contributing to greater energy security in Kazakhstan and helping to improve the reliability of its power supply system by arranging €267 million in financing for the Kazakhstan Electricity Grid Operating Company (KEGOC). The financial package consists of a Bank loan of up to €252 million and a concessional

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