• KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%

Viewing results 121 - 126 of 146

Kazakhstan Extends Oil Exports To Germany

Germany has agreed to extend Kazakh oil imports for six months (January-June 2024) with a transportation volume of 100,000 tons per month. This comes as a result of a February 6th meeting between the chairman of Kazakhstan’s national oil and gas company KazMunayGas, Magzum Mirzagaliyev, and Johannes Bremer, the chairman of Rosneft Deutschland. Rosneft Deutschland GmbH is the third largest petroleum processing company in Germany. It is now under German government control, following Russia’s invasion of Ukraine and the introduction of EU sanctions on Russian oil imports.  Mr Mirzagaliyev and Mr Bremer announced that in 2023, 993,000 tons of Kazakh oil were transported through the Druzhba oil pipeline in Russia in the direction of Germany.  KazMunayGas’ head said that Kazakhstan was interested in increasing its oil exports to Germany. “I am confident that joint activities will be mutually beneficial and long-term for the benefit of the economies of our countries,” said Mirzagaliyev.

Kazakhstan To Co-Chair Conference On Nuclear Security

The 2024 International Conference on Nuclear Security (ICONS-2024) will be held in Vienna, Austria from May 20th to 24th. The conference is being organized by the International Atomic Energy Agency (IAEA), and will be jointly chaired by Kazakhstan and Australia.  The forum will bring together more than 2,000 nuclear security experts from 178 IAEA member states, as well as the heads of foreign services and relevant ministries. Kazakhstan and Australia’s representatives to the International Organizations, Mukhtar Tleuberdi and Ian Biggs, held a briefing in the United Nations Office in Vienna on February 5th.  The conference will showcase the achievements of IAEA member states in nuclear security, and strengthening control over nuclear and other radioactive materials. Kazakhstan and Australia will play key roles in developing the conference’s final document, the ICONS-2024 Ministerial Declaration, which will become a roadmap for further promoting the peaceful use of nuclear energy, making nuclear facilities more safe, and encouraging the effective exchange of international experience and knowledge.

Kazakhstan Urges EEU Countries To Develop Transport Infrastructure

The Eurasian Economic Union (EEU) is located at the crossroads of east and west, north and south, which has always been a competitive advantage for the region, Kazakhstan’s prime minister Alikhan Smailov commented at a meeting between the heads of government of the EEU member countries in Almaty on February 2nd.  The Russian-led economic bloc also includes Armenia, Belarus, Kazakhstan, and Kyrgyzstan.  "Kazakhstan attaches special importance to the development of transit and transportation infrastructure. Over the past 15 years our country has allocated more than $35bn for this purpose. A logistics center in Lianyungang, a dry port of Khorgos, a transit highway Western Europe - Western China, a railway corridor from China to Iran have been launched. Modernization of Caspian Sea ports Kuryk and Aktau has been carried out," Smailov said, adding that the construction of Kazakhstan's terminal in Chinese Xi'an had been launched. Together with Russian, Turkmen, Indian and Iranian partners, work is being carried out on the eastern route of the North-South corridor. "We consider it important to further increase the capacity of international corridors, logistics terminals and checkpoints of our countries. I invite all EEU countries to implement joint projects to develop transit and transportation infrastructure," the Kazakh prime minister said.  This year marks the 10th anniversary of the signing of the EEU Treaty. Today the EEU has a population of 190 million people, a labor market of over 93 million people and a GDP of $2.7 trillion. Mutual trade between EEU member states doubled from 2015 to 2022 and has now reached $85bn.

U.S.-Kazakhstan Relations: Trade Revenue Has Risen to Record Highs, But Investments From U.S. Side Have Fallen

According to Kazakhstan's Bureau of National Statistics, at the end of 2023 in Kazakhstan there were more than 50,000 enterprises with joint and foreign ownership. The number of legal entities and subsidiaries from the U.S. increased by 10.5% annually, with that number reaching 495 organizations. The lion's share falls to wholesale and retail trade, and parts for cars and motorcycles. Investors and businesses from the U.S.  also open in Kazakhstan companies in the fields of professional, scientific and technical activity, as well as information technology and telecommunications. Slightly less activity is found in the financial, industrial, education and construction spheres. Most of the companies are located in the cultural capital of Almaty -- or the financial and political capital, Astana. Enterprises are also based in regions oriented towards extraction of energy and minerals, such as Atyrau, Karaganda and Mangistau. 2023 U.S.-Kazakhstan bilateral trade turnover reached a record high of $4bn, an increase of one-third over 2022. The main goods sent to the USA are oil, ferroalloys, sulfur, phosphorus, tantalum, lead, and uranium. Kazakhstan buys airplanes, cars and engines, medicines, as well as poultry meat and other products. Despite the positive trade figures, investments have decreased slightly. For 2023 they amounted to more than $3bn, which is half of what it was a year ago. The Kazakh Ministry of Foreign Affairs has reported that the U.S. is still among the three main investors in the Kazakh economy, along with the Netherlands and Switzerland. A special place in the relations between the two countries remains for international exchange programs. The most popular is Work & Travel, under which Kazakhstani students can go to the U.S. to work. Some end up staying for permanent residence. "My dream since childhood has been to go to America. And five years ago I took part in the Work & Travel program. I went to Wisconsin. I worked hard in order to earn as much as possible and then go to New York. I'll tell you right away, from the first day I was delighted. Of course, I was very tired, there were a lot of insurance costs and so on. But from the very first days I realized that I wanted to stay here. I like the high standard of living in the country. You can see it in medicine, culture. After the program ended, I really missed that life and travel. But I was able not only to realize my dream [of visiting], but even more -- to move. Now I have [received] my diploma, I work as an administrator in a medical center. A year ago I got married. I have big plans," said Indira Akhmetova, a former migrant worker. She has been living in the United States for seven years, got married and received American citizenship. A few issues that do weigh on Indira's American life are the expensive medical care and taxes compared to Kazakhstan. "It's scary to get sick here. If you don't have insurance, you have to pay for years...

Kazakhstan And Kyrgyzstan Address Border And Water Issues

Kazakhstan and Kyrgyzstan will be working together to open an additional checkpoint for goods vehicles on their countries’ border. They are also set to further their cooperation in the water and energy sectors. These agreements were reached at a meeting between the Kazakh prime minister, Alikhan Smailov, and the chairman of Kyrgyzstan’s cabinet of ministers Akylbek Japarov in Almaty on February 1st.  Kyrgyzstan has complained for years about long lines at the Kazakh border for its cargo trucks bringing goods to Russia through Kazakhstan. The most recent big traffic jam occurred on the Kyrgyz side of the border in August 2023, when more than 600 trucks were stuck at the crossing.  These delays were caused by Kazakh authorities carrying out enhanced checks on trucks entering the country from Kyrgyzstan, ostensibly to combat illegal border activity. However, the situation caused speculation that the jams were a result of a dispute over irrigation water resources between Kazakhstan and Kyrgyzstan. Irrigation water remains an issue in Kazakh-Kyrgyz relations. Last summer the southern regions of Kazakhstan experienced a severe shortage of water for their fields, while upstream Kyrgyzstan also lacked water and couldn’t supply enough of it to its northern neighbor. Kazakhstan, especially its dry southern regions, is dependent on water coming from Kyrgyzstan.  At the meeting on February 1st Mr Smailov also spoke about the growing trade between the two countries, with bilateral trade growing by 12% and reaching $1.3bn between January and November 2023.

Almaty Hosts First SCO Digital Forum

The first SCO Digital Forum, bringing together IT and communication agencies from countries within the Shanghai Cooperation Organization (SCO), was held in Almaty on February 1st. The forum is part of the three-day Digital Almaty 2024 event that began today.  The SCO comprises China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, and Uzbekistan.  The forum was chaired by Kazakhstan’s minister of digital development, innovations and aerospace industry, Bagdat Musin. In his welcoming remarks Mr Musin said that "Kazakhstan has achieved significant success in the field of digitalization, GovTech, and IT development, confidently leading among the Central Asian countries." Mr Musin highlighted the successful Kazakhstani IT startups at the international techno-park Astana Hub. "The advantage and attractiveness of Astana Hub to international companies lie in visa and tax preferences, extraterritoriality, the possibility of online registration, and the launch of acceleration programs. Among the Central Asian [countries], Astana Hub [has become] the first partner of Google for Startups, within which a joint acceleration program 'Silkway Accelerator' was developed. Over the course of two years of collaboration, the result is a twofold increase in the number of graduate companies; these companies have already entered the markets of the Middle East, the USA, and Europe.”.  Mr Musin proposed the creation of an alliance of IT parks in SCO countries to further grow innovative ecosystems, and to support startup projects and IT companies.  Another area for cooperation could be the construction of fiber-optic communication lines. Utilizing Kazakhstan's transit potential will provide significant advantages for SCO countries in connecting to the internet and improving connectivity across the Eurasian continent, Mr Musin said. He proposed building fiber-optic cables along the Russia-Kazakhstan-Iran route, with access to the Indian Ocean.

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