• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10618 -0.28%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28571 0%
12 February 2026

Viewing results 2215 - 2220 of 3984

AstraZeneca Manufacture of Medicines in Kazakhstan

On July 2, the British-Swedish pharmaceutical giant AstraZeneca and Kazakhstan’s SK-Pharmacy signed a long-term contract for the establishment of production and technology transfer in Kazakhstan, and the direct supply of original patented medicines manufactured in Kazakhstan by SK Pharmacy. "Today, SK-Pharmacy and I signed an important agreement that reflects our company's plans to produce medicines in Kazakhstan,” said Maria Shipuleva, CEO of AstraZeneca in Kazakhstan. “AstraZeneca's innovative drugs will be produced at the site of a domestic manufacturer, Nobel Almaty Pharmaceutical Factory JSC. In particular, it is planned to contract the production of drugs for the treatment of diabetes mellitus, chronic heart failure, chronic kidney disease, for the treatment of chronic lymphocytic leukemia and mantle cell lymphoma, for the treatment of ovarian cancer, breast cancer, prostate cancer, pancreatic cancer, as well as for the treatment of non-small cell lung cancer. We hope that our activities within the framework of a long-term agreement with SK–Pharmacy will help further develop the country's healthcare system and, most importantly, improve the quality of life of our Kazakhstani patients.” Yerzhan Yelekeyev, Chairman of the Management Board of Kazakh Invest, commented that the long-term agreement between AstraZeneca and SK-Pharmacy LLP will provide a positive impetus to implementing an investment project for the contract production of biotechnological drugs in Kazakhstan.    

Turkish Investment in Greenhouses in Kazakhstan

On July 2, Chairman of the Board of Kazakh Invest Yerzhan Yelekeyev, met Abbas Sahin, Vice-President of the Turkish group  Alarko, to discuss the construction of a greenhouse complex in Shymkent in South Kazakhstan. As reported by Kazakh Invest, Alarko signed a contract with the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, to invest $150 million in the country’s agro-industrial sector for the first stage of a project comprising the construction of greenhouses, spanning ​​200 hectares, and creating 1,750 jobs. Preparations by the Turkish company for construction are now underway, with completion scheduled for 2026. Once in operation, the greenhouses aim to produce up to 50,000 tons of tomatoes per year. “Our company has operated in your country for the last 32 years,” said Abbas Sahin. “Given the large land area and available export markets, Kazakhstan has everything necessary to develop the agro-industrial sector. We see the amount of work that has been done in creating the excellent investor protection mechanisms that are now available to investors. We trust the country and have already invested approximately $700 million into projects implemented in Kazakhstan.” In response, Yelekeyev thanked the Turkish investor for contributing to the development of Kazakhstan’s economy and announced, “Turkey is an important partner of Kazakhstan, having implemented more than 70 projects worth $2.8 billion over the years of independence. We highly appreciate that Turkish companies continue to trust Kazakhstan and actively support measures to implement their projects successfully.”    

Kazakhstan and China Collaborate on Container Hub for Aktau Port

At the Kazakhstan-China roundtable held in Astana on July 2, several agreements were signed by Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) and Chinese partners to expand Kazakhstan-China cooperation within the Belt and Road Initiative. Kazakhstan Temir Zholy and Lianyungang Port Group agreed on joint investment in the construction of a container hub at the port of Aktau on Kazakhstan’s Caspian coast. The project aims to improve both the effectiveness of the port’s existing infrastructure and the processing of container cargoes shipped through Kazakhstan. KTZ Express (a subsidiary of KTZ), Xi'an Free Trade Port (China), and Slavtrans-Service JSC (Russia) agreed to create a unified digital corridor on the China-Kazakhstan-Russia route to provide a seamless system for processing customs clearance, electronic trade, and other functions. Once in place, it will significantly accelerate logistics, promote the development of electronic trade, simplify customs procedures, reduce trade barriers, increase the transparency and efficiency of supply chains. An agreement was also signed with China’s CRRC for the supply of 200 locomotives to Kazakhstan. Built with improved structural and traction parameters, the locomotives will be adapted to withstand Kazakhstan’s  climate and to emit low levels of harmful substances into the atmosphere.  

Astana Hosts SCO Summit: A New Platform for Kazakh Diplomacy

With the first events of the Shanghai Cooperation Organization (SCO) Summit taking place this morning in Kazakhstan’s capital, Astana, conversations are beginning about what the host country will be discussing – and with whom. The SCO is a political, security and economic alliance in the wider Eurasia region, aimed at promoting trade and investments between member states, as well as global security. Its nine full members are Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, China, Russia, Iran, India and Pakistan. The Organization – which includes four observer states and 14 dialogue partners – covers half of the world’s population, and almost a third of global GDP. Kazakhstan’s multi-vector approach to its foreign policy has seen the country combining its role within the SCO with cooperation with Western governments, through dialogue with the European Union and the United States’ C5+1 platform. President Tokayev recently commented that: “Kazakhstan is committed to multilateral cooperation. In our foreign policy we proceed from the national interests, and are in favor of solving all disputable issues on the basis of rational compromise. In addition to the SCO, this year our country is chairing five other international organizations. This is an unprecedented case, one could say an achievement in the history of Kazakh diplomacy.” This multi-vector approach is key to Kazakhstan’s international diplomacy. Indeed, ‘mutually beneficial cooperation’ and ‘mutually beneficial strategic partnership’ have become the watchwords of Tokayev’s presidency. Over the past decade, Kazakhstan has become an increasingly important land-bridge between East and West, both in terms of trade and diplomacy. Due to projects such as the Belt and Road Initiative and the Middle Corridor, Kazakhstan’s location has made it an indispensable ally to China, whilst playing a pivotal role in the expansion of transcontinental trade has led to Central Asia, in the words of Tokayev, “become a global stakeholder.” In the opinion of experts, more of the same can be expected at this week’s SCO Summit. In an interview conducted by the Kazinform news agency, local political analyst Valery Volodin stressed that: “It goes without saying that each government will be defending its own interests [at the Summit]. But Kazakhstan will be placing an emphasis on regional stability, which will allow countries to implement a host of joint projects with China and Russia. Besides this, Kassym-Jomart Tokayev’s gift for diplomacy will push the SCO to become not just a discussion club, but a real mechanism to solve problems in Eurasia using dialogue between governments.” In an article in The Geopolitics, Michael Rossi, a professor of political science at Long Island University, posited that Kazakhstan is not playing the so-called ‘Great Game’ between East and West, but rather pointing out the scope for "Big Opportunities". “Kazakhstan’s positive relations with countries often in conflict, such as Russia and Ukraine, China and the United States, Azerbaijan and Armenia, and Israel and the Palestinian territories, grant Astana legitimacy,” Rossi writes, “to act as a buffer and stabilizing force among major powers. This positioning allows Kazakhstan to reduce tensions and potentially mediate conflicts. Under...

Putin in Full Diplomatic Mode on SCO Sidelines

Russian President Vladimir Putin has faced Western efforts to isolate him because of the war in Ukraine. But he has a full day of diplomacy on the sidelines of the Shanghai Cooperation Organization event in Kazakhstan. Putin has meetings with the leaders of Azerbaijan, Kazakhstan, Mongolia, Turkey, China and Pakistan on Wednesday, one day ahead of the main group events at the summit in Astana, Kazakhstan’s capital, according to Tass, the official Russian news agency. Russia views the summit in Astana as an "opportunity to organize bilateral contacts with the country leaders who will attend it," said Putin aide Yury Ushakov, according to Tass. Ushakov said he expected Putin to hold several more “brief bilateral contacts” on Thursday. Putin’s flurry of diplomacy comes despite Western sanctions that have sought to weaken Russia’s military campaign in Ukraine, now in its third year. Many countries prefer to maintain trade with Russia, a key producer of energy and other natural resources. Central Asia has chosen neutrality in the Russia-Ukraine conflict and with the exception of a handful of private entities has avoided  sanctions. The SCO is a forum for discussion of security, economic and political issues. Its members are China, Russia, Kazakhstan, Kyrgyzstan Tajikistan, Uzbekistan, Iran, India and Pakistan. Belarusian President Alexander Lukashenko, a close ally of Putin, has said he expects Belarus to become a new member of the group at the Astana meeting.

SCO Summit: Tokayev and Xi Laud Kazakhstan-China Ties

On the eve of the 2024 Shanghai Cooperation Organization (SCO) Summit, hosted this year by Kazakhstan in its capital Astana, the leaders of Kazakhstan and China were keen to highlight the strength of their countries’ partnership. The SCO is a political, security and economic alliance in the wider Eurasia region, aimed at promoting trade and investments between member states, as well as global security. The Organization – which includes nine full members, four observer states and 14 dialogue partners – covers half of the world’s population, and almost a third of global GDP.  In comments to China’s Xinhua news agency, Kazakh President Kassym-Jomart Tokayev spoke of a “close political dialogue” between the two countries, supported by the SCO, thanks to which “China is consolidating its position as Kazakhstan’s leading trade and investment partner”.  Mutual trade between the countries reached a historic record of $41 billion in 2023. Tokayev added that “China became one of the top four foreign investors in Kazakhstan in 2023, investing around $2 billion in direct investments, a year-on-year growth of 16.4%. The total volume of Chinese investment in the Kazakh economy is over $25 billion. Around 4,700 Kazakh-Chinese enterprises operate in our country.” In his comments to Xinhua Tokayev also highlighted Kazakhstan’s growing cultural ties with China, mentioning a new agreement on a visa-free regime between the countries, the creation of cultural centers in both nations, and the fact that 2024 has been named the “Year of Kazakhstan tourism in China”. The president himself lived in China for eight years, where he studied Chinese in Beijing before working for the Soviet Union’s embassy to China. In turn, in a letter published by the Kazinform news agency, China’s leader Xi Jinping noted: “China is now Kazakhstan’s largest trading partner and its top export destination. Major strategic projects including the Zhanatas wind farm, Turgusun hydropower station, and the modernization of Shymkent Oil Refinery have been completed and commissioned. China-Kazakhstan crude oil and natural gas pipelines are operating in a safe and stable manner. The ‘green lanes’ for fast customs clearance of agricultural products are available at all border ports between the two countries, which makes green agri-products of high quality from Kazakhstan easily accessible for Chinese consumers. The potential for cooperation in new energy and transportation infrastructure has been unleashed. The transport and logistics terminal in Xi’an, the Western Europe-Western China Highway, and the China-Europe Railway Express all operate smoothly, providing a strong boost to the development of both China and Kazakhstan.” Kazakhstan has a multi-vector approach to its foreign policy; its role within the SCO complements the country's cooperation with the United States through the C5+1 platform, and a constant dialogue with the European Union. In a recent speech about Kazakhstan's chairmanship of the Shanghai Cooperation Organization this year, President Tokayev commented: "Kazakhstan is committed to multilateral cooperation. In our foreign policy we proceed from the national interests, and are in favor of solving all disputable issues on the basis of rational compromise. In addition to the...