• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00212 0%
  • TJS/USD = 0.10456 0%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 0%

Viewing results 2653 - 2658 of 4654

Kazakhstan Suspends Sugar Exports Until August

To ensure an uninterrupted supply of sugar to residents during the summer season, Kazakhstan’s government has announced a temporary ban on its export of sugar to third countries until 31 August. The decision made on 6 May, will affect fellow members of the Eurasian Economic Union - Armenia, Belarus, Kyrgyzstan, and Russia - but will not impact international transit. Kazakhstan’s warehouses can store about 256 thousand tons of its own reserves and imported sugar, which is enough to meet half of the country’s annual requirement of 500-550 thousand tons. According to Deputy Minister of Agriculture Erbol Taszhurekov, current stocks of sugar and raw cane amount to 136 thousand tons. Combined with the quota of 120 thousand tons of imported Russian sugar, reserves will reach 256 thousand tons by 31 August. In addition, Kazakhstan has a duty-free import quota of 300 thousand tons of raw cane for processing until the end of 2024. The average monthly sugar consumption is 46 thousand tons, and in summer, reaches 60 thousand tons.  Thus, explained the deputy minister, “the existing sugar reserves are more than enough to meet demand until the new harvest.” Kazakhstan also plans to negotiate with Russia to increase the quota of its supply of sugar by 100 thousand tons until the end of the year.  

Kazakhstan to Host Armenia-Azerbaijan Talks on May 10

The foreign ministers of Armenia and Azerbaijan will hold talks in Almaty on May 10 as they seek to end their long-running conflict, Kazakhstan said on Monday. The negotiations will happen in line with “previously reached agreements,” said Aibek Smadiyarov, spokesman for Kazakhstan’s Ministry of Foreign Affairs. Jeyhun Bayramov, Azerbaijan’s top diplomat, and his Armenian counterpart, Ararat Mirzoyan, will attend, according to the Kazakh official. Armenia and Azerbaijan have been locked in tension and conflict over territory since the 1990s, though the two sides have been working to delineate their borders following Azerbaijan’s retaking of control of the disputed Nagorno-Karabakh region last year. As reported by TCA last week, in a statement President Tokayev “welcome[d] the agreement between the Republic of Azerbaijan and the Republic of Armenia to hold talks at the Foreign Ministers’ level on the preparation of a peace treaty between the two states, at the suggestion of the Kazakh side.” Tokayev went on to express his hope the upcoming meeting would help with the “practical implementation” of agreements between the two sides.

Citizens of Kazakhstan Aren’t Being Detained at Borders with Russia, Ministry Claims

The Ministry of Foreign Affairs of Kazakhstan, Aibek Smadiyarov, is reassuring its citizens that they can safely visit Russia, stating that the relationship between the two nations is based on the principles of friendship, alliance, and strategic partnership, and are a model of multifaceted interstate cooperation. "We do not observe any problems on the Kazakh-Russian border. Our diplomats in Russia are constantly in contact with local authorities, the Ministry of Foreign Affairs, and the border service. Our citizens do not observe any mass detentions or document checks. If they have been stopped or had their documents checked, it is for security purposes," said Smadiyarov at the briefing. He also advised Kazakhstani citizens to observe Russian laws while in the country. Earlier, the foreign ministries of Tajikistan and Kyrgyzstan recommended that their citizens shouldn't visit Russia without good reason. These statements were made against the backdrop of a tightening on migration controls by the Russian authorities following the March 22 terrorist attack on the Crocus City Hall near Moscow. Since then, xenophobic attacks on migrants from Central Asia have been on the rise. According to currenttime.tv, 75% of cafes and restaurants run by Central Asian migrants in Moscow alone have shut since the incident due to police harassment.

Kazakhstan Offers to Host Platform for Russia-Ukraine Negotiations

Kazakhstan is prepared to host negotiations to settle the war in Ukraine, according to comments made by Kazakhstan's ambassador to Russia, Dauren Abayev, in an interview with the Russian state news outlet TASS. "Certainly, Kazakhstan is always ready to help on all processes that concern the world. This is not only Russia and Ukraine, but also Armenia and Azerbaijan, on the Syrian issue, on the Iranian issue. It is probably [an overstatement] to say to be mediators, but to provide a platform, to create some conditions, we are certainly ready," Abayev said. He added: "There are many different initiatives now, and there is a clear understanding that without Russia's participation, these processes are impossible. Of course, Russia's opinion should always be taken into account in these processes. Of course, we are ready to be, as I say, not mediators, but to provide a platform, to create some conditions," he added. As previously reported in the media, Kazakhstan's president Kassym-Jomart Tokayev, during his recent visits to Azerbaijan and Armenia, underscored Kazakhstan's readiness to provide platforms for negotiations between Baku and Yerevan. The Armenian foreign ministry said that a direct meeting of the sides will be held as early as May 10. Previously, Kazakhstan provided a platform for negotiations on the war in Syria. Negotiations concerning the Iranian nuclear program have also been held in Kazakhstan.

Kazakhstan Forwards Water-Saving Technology

On May 6, the Kazakh Ministry of Water Resources and Irrigation reported on measures being taken to encourage farmers to save and use water more efficiently. The move addresses Kazakhstan President Kassym-Jomart Tokayev’s earlier criticism about the process of introducing water-saving technologies being “extremely slow,” with agricultural sectors in some regions, experiencing annual losses of water of 40%. According to plans set in motion by the ministry, by 2030, the installation of water-saving technologies will provide an annual saving of up to 2.1 cubic kilometres of water on 50% of the country’s irrigated land To date, subsidies for drilling irrigation wells have been increased to 80% of their costs, and in collaboration with the Ministry of Agriculture, work is progressing to increase subsidies for the installation of water-saving systems from 50% to 80% of their costs. In adherence to the new Water Code, the state will provide subsidies and reduced tariffs for water supply depending on the extent to which water-saving technologies are used. Tariffs for irrigation water are set to be calculated according to the types of crops grown and the volume of water required for their production. The ministry is also working to digitalize 3,500 km of irrigation canals in the Almaty, Zhambyl, Kyzylorda, and Turkestan regions in the south of the country, which will improve water metering on 362 thousand hectares of irrigated land and enable a saving up to 600 million cubic meters of water annually.    

Kazakh Billionaire Lomtadze Buys Majority Stake in English Soccer Club

Kazakhstani billionaire Mikhail Lomtadze, co-founder of fintech and banking giant Kaspi.kz, has acquired a controlling stake in the English soccer club Wycombe Wanderers. Following approval by the English Football League (EFL), he joins Eduard Vyshnyakov and Dan Rice as new members of Wanderers' board of directors. The club plays in England's League One (third division) and as a 90% stakeholder, through his company Blue Ocean Partners II Limited,  Lomtadze plans to change its development strategy. In an interview with the British newspaper The Sun, he explained, "Our goal is to achieve long-term success both on and off the pitch, while creating a financially sustainable club. The soccer world is evolving very quickly and our priority will be to integrate data analytics and technology to take the club's performance to the next level. I am also a firm believer in youth development and this will be fundamental to the vision of the club. We aim to reopen and build a leading high performance academy, which will be an important part of our long-term strategy to develop a club that consistently performs at the highest level." Whilst Wanderers fans are hopeful for positive changes, in Kazakhstan news of Lomtadze's purchase was met with skepticism. Opinions shared on social media suggest that the online banking magnate's investment would have been better placed in developing local sports. With a fortune estimated at $5.7 billion, Lomtadze ranks fifth in the list of the richest businessmen in Kazakhstan, and in 581st place on the Forbes global list of billionaires.