• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00190 0%
  • TJS/USD = 0.09150 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
10 January 2025

Viewing results 55 - 60 of 280

Kazakhstan Begins Export of New Harvest Grain

Kazakhstan has begun exporting grain from the new harvest, which totaled 26.6 million tons this year, 56% higher than in 2023. In September-October, Kazakhstan’s national railway company, Kazakhstan Temir Zholy (KTZ), transported 1.8 million tons of grain for export, 48% more than in the same period last year (1.2 million tons). During the two months, grain exports to Uzbekistan amounted to 738,000 tons (49% more than in September-October 2023), and 298,000 tons were shipped to Tajikistan (a 48% increase). Increasing grain exports were also reported to China, Afghanistan, Iran, and Kyrgyzstan. The Kazakh Ministry of Agriculture expects a significant increase in grain exports in the first half of 2025. According to KTZ, Afghanistan is ready to import about 200,000 tons of Kazakh grain, which will be transported via Turkmenistan. According to the Ministry of Agriculture, Kazakhstan plans to export about 12 million tons of the new harvest grain to traditional markets—Central Asia and Afghanistan—and new ones, such as Pakistan, Indonesia, Brazil, and Malaysia. Uzbekistan remains the primary importer of Kazakh grain, followed by Tajikistan, Afghanistan, Turkmenistan, and China.

Grain War: Has Kazakhstan Become Russia’s Victim?

The fall brought two headaches for Kazakhstani farmers: a rich grain harvest that coincided with an oversupply of grain on world markets, and Russia's ban on exporting Kazakh wheat to and transiting through Russia. Experts complain about the 40% failure of Kazakhstani grain exports, and representatives of farmer associations complain about low prices and high production costs and ask the government to buy their surplus products. The background is talk of a grain war between Moscow and Astana.   Phytosanitary ban According to Kazakhstan's Ministry of Agriculture, this year the harvested area of crops amounted to 23.3 million hectares, of which 16.7 million were sown with cereals. Fieldwork has been completed by 99.7%. 26.5 million tons of grain were threshed. Proponents of the opinion that the agricultural authorities of Kazakhstan and Russia have entered into a hidden confrontation for external grain markets argue that Kazakhstan is a victim of this trade war. They cite the restrictions imposed by Rosselkhoznadzor in October as evidence. On October 1, the Russian agency asked Kazakhstan's Ministry of Agriculture to suspend the issuance of phytosanitary certificates for grain and its products, tomatoes, peppers, and sunflower seeds exported to the Russian Federation. On October 3, journalists asked Vice-Minister of Agriculture Ermek Kenzhekhanuly about the stage of fulfillment of this wish. He replied that the Russian side received a reply letter requesting evidence of phytosanitary control violations. According to him, Rosselkhoznadzor had not responded as of October 3. On October 17, the Russian Federal Service for Veterinary and Phytosanitary Surveillance temporarily banned imports of several types of agricultural goods from Kazakhstan. Transit of wheat, lentils, and oilseed flax seeds through Russia's territory is allowed. Still, a phytosanitary certificate for the country of final destination must be issued, and grain must be transshipped directly from railcars into the ship's holds. At the same time, deliveries of tomatoes, peppers, sunflower seeds, and melons from Kazakhstan are prohibited, even for transit.   Obstacles in response to the ban However, let's carefully review the Kazakhstani press. We will find that as early as September 3rd, Kazakhstani farmers sounded the alarm—Russia is pushing our grain out of traditional markets. Representatives of the Grain Union of Kazakhstan discussed the problems Kazakh traders face with the transit of domestic grain through the territory of the Russian Federation at a session with journalists at the Agricom forum. However, they cited only two cases of such restrictions but tried to convey another message—Russia has introduced hidden obstacles because of Kazakhstan's ban on grain imports from the Russian Federation, which was imposed as early as August 1. As reported by Kazakhstan's Ministry of Agriculture, the restrictions imply a complete ban on wheat imports by all modes of transportation. Previously, the restrictive measures provided for a ban on imports of goods by road, water, and rail (except for imports to poultry and flour mills) since April. The decision was made because, despite the previous ban, grain imports from Russia exceeded 1.1 million tons in six months. Experts considered...

First-Ever Tungsten Production Launched in Kazakhstan

On November 1, Kazakhstan’s first tungsten processing plant was opened in the Almaty region. According to the Kazakh Ministry of Industry and Construction, this will strengthen the country's position in the global rare earth metals market. The $300 million project will create up to 1,000 local jobs and, when fully operational, will process 3.3 million tons of ore annually, producing 65% tungsten concentrate. Jiaxin International Resources Investment Ltd. is implementing the project, which was joined by Jiangxi Copper Corporation, China Railway Construction Company, China Civil Engineering Construction Company, and Ever Trillion International Singapore PTE LTD. Further plans include constructing a $150 million deep processing facility to increase tungsten content to 88.5% and produce high-purity tungsten carbide. Tungsten has the highest melting point of all metals and is alloyed with other metals to strengthen them. Tungsten and its alloys are used in many high-temperature applications, such as arc-welding electrodes and heating elements in high-temperature furnaces. Tungsten carbide is tough and important to the metal-working, mining, and petroleum industries. Speaking at the 36th meeting of the Foreign Investors’ Council in Astana on October 31, Kazakhstan President Kassym-Jomart Tokayev emphasized that Kazakhstan has a unique mineral resource base and has attracted more than $1 billion of private investment in geological exploration over the past six years.

New Visa for Modern Nomads Introduced in Kazakhstan

Kazakhstan has introduced a new "Neo Nomad" visa for modern nomads and working tourists who combine work and travel. The new visa regime was developed using the experience of more than 50 countries that have introduced similar programs after the pandemic. To obtain a Neo-Nomad visa, foreign citizens must prove a stable income of at least $3,000 per month, provide health insurance, and provide a certificate showing that they have no criminal record. The visa is designed for representatives of various industries, including IT, marketing, finance, consulting, design, and e-commerce. The visa holder can stay in Kazakhstan for up to one year while continuing to work for a foreign company. This will allow foreign citizens to immerse themselves in the local culture, and Kazakhstan to generate additional revenue -- which, according to estimates, could amount to about $8 million a year if visas are issued to 500 individuals. Foreigners who take advantage of Neo Nomad will reside and spend the funds in Kazakhstan. The program also does not affect Kazakhstan's labor market, as foreign citizens do not take local jobs. Tourism and Sports Minister Yerbol Myrzabasynov said the joint efforts of several ministries have made Kazakhstan attractive to digital nomads, whose number globally has reached 35 million. Almaty and Astana are already on the list of the 150 best cities for this type of tourist. Many countries have already introduced visas for digital nomads, attracting remote workers and stimulating the economy. For example, Spain offers the Digital Nomad Visa, which allows you to live and work remotely for up to 12 months with the possibility of an extension. Portugal has a D7 Visa program targeting passive income earners, including remote workers. These visas contribute to the development of the local economy, increase consumption, and attract skilled professionals.

Kazakhstan to Construct Three New Airports

Kazakhstan has started the construction of airports in the resort zones of Katon-Karagai, Zaisan, and Kenderli, which are popular tourist destinations. The airports will link the three resort areas with Astana and Almaty. Together with other measures, this will give the tourism industry a new push. Katon-Karagai State National Nature Park is the largest national park in the country. It is located in the East Kazakhstan region and is included in UNESCO’s Man and the Biosphere Programme as a biosphere reserve. Lake Zaisan is also located in Eastern Kazakhstan. It is a beautiful freshwater lake fed by the Irtysh River and surrounded by cliffs. Kenderli is a resort in the Mangistau region located on the coast of the Caspian Sea. It is becoming increasingly popular every year. The Civil Aviation Committee (CAC) said reaching these tourist destinations will be much easier. The sites for the construction of airports have already been identified. CAC reported that “In Zaisan, the airport will be located on the territory of the former military airfield named after Satpayev. The distance from the construction site to the city of Zaisan is 25 kilometers. In Katon-Karagai district, a new air harbor will be built between the villages of Katon-Karagai and Ulken Naryn, near Soldatovo. The distance from the construction site to Katon-Karagai village is 38 kilometers”. The Kenderli airport will be built 13 kilometers from the resort area. Construction of the three airports will begin in 2025 and provide direct air routes from Astana and Almaty. In December 2023, the Ministry of Transport reported that it plans to spend 16 billion KZT to build the airport in Zaisan and an additional 23.2 billion KZT in Katon-Karagai. Other major expenditures are planned for the development of the tourism industry. According to the Ministry of Sports and Tourism budget plan, these expenditures will increase the number of foreign tourists from 2 million in 2024 to 3.5 million in 2026 (+75%). The number of domestic tourists will also grow by 15% over three years to 8.5 million in 2026. It is reported that 4.6 billion KZT will be allocated for the formation and promotion of the tourism industry, including 1.52 billion KZT in 2024. In 2023, 2.44 billion KZT  was spent on these purposes. It is further planned to allocate 11.9 billion KZT for the training and education of professionals in the industry, including 3.5 billion KZT in 2024, for this purpose. Efforts to modernize the industry are already bearing fruit. In May 2024, Kazakhstan improved its position in the tourism development index. Kazakhstan ranked 52nd among 119 countries, beating Qatar, Azerbaijan, Uzbekistan, Vietnam, Egypt, and Latvia. Kairat Sadvakasov, Chairman of the Board of Kazakh Tourism, called it a victory. He stated, "Our long-term goal is to enter the TOP-50 in this rating”. Achieving this ambitious goal will require serious efforts. In the summer, President Kassym-Jomart Tokayev listed the shortcomings of the tourism sector and outlined priority areas of work. One of the most important points was logistics, as it...

EBRD Supports Healthcare and Municipal Transport Projects in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) has supported Kazakhstan's first healthcare sector public-private partnership (PPP) project, and provided finance for a tram fleet renewal program in the Kazakh city of Pavlodar. The EBRD arranged a €365 million financing package provided by six financial institutions to construct and operate a 630-bed multidisciplinary hospital in Kokshetau, northern Kazakhstan. The financing, including the EBRD’s €105 million loan, will be provided to a Kazakhstan-based subsidiary of Rönesans Holding of Turkey. The project will be co-financed through parallel loans totaling up to €260 million provided by the Asian Infrastructure Investment Bank (AIIB), the German investment corporation DEG, the Islamic Corporation for the Development of the Private Sector (ICD), Proparco, a subsidiary of Agence Française de Développement, and the Development Bank of Kazakhstan (DBK). This first PPP in the healthcare sector of Kazakhstan and Central Asia will be a greenfield development of a 110,000 m2 facility, which will provide services to more than 730,000 people living in the city of Kokshetau and the broader region of Akmola. According to the PPP agreement, the private partner will be responsible for maintaining the facility and running a digital hospital information management system. At the same time, Turar Healthcare, a state-owned, non-profit national healthcare operator, will provide medical services. EBRD President Odile Renaud-Basso, who was visiting Kazakhstan, commented: “The EBRD is pleased to join forces with our longstanding client Rönesans Holding to launch the first healthcare sector PPP in Kazakhstan and the region. PPPs are recognized as one of the most effective forms of long-term contractual relationships between the public and private sectors. They will help provide sustainable healthcare solutions, introduce new technologies, and improve the quality of medical services.” The EBRD has also announced support for a tram fleet modernization program in the north-eastern Kazakh city of Pavlodar. The EBRD’s loan of up to €10 million to Pavlodar tram management company will help the company acquire up to 25 energy-efficient trams. A €4 million loan from the Clean Technology Fund will co-finance the project. The tram company handles almost 40 percent of passenger traffic in the city, with a population of more than 360,000. Yet nearly 60 percent of the company’s fleet was commissioned in the 1970s and 1980s and requires urgent renewal. New battery-powered trams will have an autonomous driving range of up to 20 km, which means they can continue operating during electricity outages. The EBRD has invested €10 billion in 328 projects in Kazakhstan, most of which support private entrepreneurship.