• KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09264 0.54%
  • UZS/USD = 0.00008 0%

Viewing results 547 - 552 of 569

Government Reports Steady Economic Growth

Government Reports Steady Economic Growth The economy of Kazakhstan has successfully adapted to external conditions and has entered a trajectory of sustainable growth this year. From January-November, economic growth reached 4.9%, compared to 2.7% in the same period last year. Overall, Kazakhstan’s GDP per capita increased from $11,500 to $13,300, the official website of the Prime Minister (primeminister.kz) reported. Inflation in annual terms slowed to 10.3% in November, down from 20.3% in December 2022. During the first six months of this year, $13.3 billion of foreign direct investment was attracted, which is a very high figure and guarantees support for economic growth in the medium term. By the end of the year, it is planned to reach approximately $27 billion. A total of 210 new investment projects were put into operation in all sectors of the economy, creating 19,500 jobs. In total, 291 projects are expected to be put into operation by the end of the year. Production in mechanical engineering is growing at a record pace of 26.8%. At the same time, in the automotive industry and the production of electrical equipment the figures are even higher – 41% and 32%, respectively. This year, Kazakhstan exported goods worth $65 billion. At the same time, exports of processed goods reached $21 billion.

Chinese Automaker Chery to Build Auto-Industrial Park in Almaty

Chinese Automaker Chery to Build Auto-Industrial Park in Almaty On December 16th, First Deputy Prime Minister of Kazakhstan, Roman Sklyar paid a working visit to the city of Hefei in China’s Anhui Province. During the visit, Sklyar held negotiations with the Secretary of the Party Committee of Anhui Province and the Chairman of the People's Government of Anhui Province, wherein the parties discussed further deepening trade, economic, investment, industrial, cultural and humanitarian cooperation between the regions of Kazakhstan and Anhui Province. As a result, a ceremony was held to sign a Memorandum of Cooperation between Kazakhstan’s Astana Motors and the Chinese automobile manufacturing company, Chery International Co., Ltd. The document provides for the development of strategic cooperation between the above-mentioned enterprises of Kazakhstan and the People's Republic of China in the field of joint construction of an automobile industrial park in the Almaty Industrial Zone in Kazakhstan.

President Japarov: Kyrgyzstan Should Provide Irrigation Water to Kazakhstan

A UN resolution obliges upstream countries, including Kyrgyzstan, to provide water to downstream states, Kyrgyz President Sadyr Japarov said on December 16th at the second People’s Kurultai (Congress) in Bishkek. Answering questions from the Kurultai delegates, the president said that the water problem would be solved through the construction of so-called ten-day and daily regulation pools. Such reservoirs will allow for the accumulation of water in winter and for it to be freely shared with neighbors downstream. The president said that Kyrgyzstan does not have a sufficient number of reservoirs, and, therefore, this year there was not enough water to supply to Kazakhstan. This past summer, the southern regions of Kazakhstan experienced a severe shortage of irrigation water for their fields. The construction of such reservoirs, the president explained, will meet the needs of Kyrgyzstan and, in addition, there will also be enough water to supply to downstream neighbors. The president also announced plans to build reservoirs. The reservoir construction program will last until 2027, he said.

Over 10,000 Schoolchildren in Kazakhstan Learning French

The Ministry of Education of the Republic of Kazakhstan has reported statistical data on the study of the French language in Kazakh schools. Currently, 380 students in eight schools are studying French as their first foreign language, and 9,948 students in 38 schools are studying it as a second foreign language, the ministry said. The choice of subject made taking into account the needs of students, the availability of teachers, and the opinions of parents. On November 1st of this year, President Kassym-Jomart Tokayev announced plans to open French schools in Kazakhstan. As previously reported, the Ministry of Education is currently working on the formation of a working group to implement the agreement on the opening of international schools. In accordance with this agreement, the opening of a French language school is planned to take place in the cities of Astana and Almaty in 2025.

Belgian Company Helps Open First Plant for Production of High-Quality Lime in Kazakhstan

With the support of National Company, KAZAKH INVEST, Saryopan Operating company, together with the Belgian multinational company, Carmeuse Group, opened the first plant in Kazakhstan for the production of high-quality lime. The project's cost amounted to about 30 billion tenge ($65 million) and created more than 200 permanent jobs. Bauyrzhan Aitkulov, Director of the KAZAKH INVEST Project Department, attended the opening ceremony on December 15th. The enterprise's production capacity in the Saryopan field, Osakarovo district, Karaganda region, will amount to 330,000 tons annually. The plant's launch will completely replace the import of grade one lime to Kazakhstan and allow exports with added value. Access to domestic lime will increase the productivity of ferrous and non-ferrous metallurgy enterprises in the country. High-grade lime used for effective flue gas purification from CHP plants will significantly contribute to solving environmental problems in Kazakhstani cities, bringing coal plants in line with European standards. Aitkulov said that the national company has supported the project since 2018. He stressed that the plant's opening reflects the industry’s growth in the Karaganda region and the country's desire for environmentally sustainable development. The enterprise will be one of the most environmentally-friendly plants in Kazakhstan. The plant was built using ESG standards, and the dust cleaning system installed at the enterprise will provide a high degree of air purification.

Berlin Eurasian Club Explores Kazakh-German Science and Innovation Synergy

On December 14th, 2023, the Berlin Eurasian Club (BEC) held its 39th meeting under the title "From higher education and research to a business model: Kazakh-German cooperation in applied science." In a keynote speech, Deputy Foreign Minister of Kazakhstan, Roman Vassilenko, acknowledged the significant achievements in cooperation between the two nations throughout 2023. His address highlighted the shared commitment of both countries to scientific innovation and its practical application in the world of business. “The positive dynamics of trade turnover clearly shows the mutual attraction of our economies,” said Vassilenko. “Kazakhstan has three factors of attraction: diversified energy sources, significant natural resources, and transit and transportation potential, not to mention many other advantages. We have good opportunities to increase the supply of traditional energy resources to Germany, production and subsequent export of green energy and green steel.” Anke Reiffenstuel, Director for Academic Relations, Education and Research Policy of the Federal Foreign Office of the Federal Republic of Germany, underscored the significance of Kazakhstan and the whole geography. “Central Asia was the first region in the world with which Germany concluded a strategic regional partnership. We believe that it will further deepen the relations between our two countries.” In his address, Professor Wolrad Rommel, the President of the Kazakhstan-German University (DKU), articulated the ongoing reorganization of the university's activities. He emphasized the institution's ambition for "integration into the educational system of Kazakhstan," underscoring its necessity. Rommel also acknowledged the immense potential of Kazakhstan's young population who are eager to pursue quality education. He stated, “the economy of the country functions well when it effectively interacts with science,” highlighting the crucial role that academia plays in a thriving economy. Nurlan Onzhanov, the Ambassador of Kazakhstan to Germany, emphasized the importance of promoting and further advancing the teaching of the German language in Kazakhstan. Around a hundred attendees, comprising representatives from the scientific community, political and business sectors, and other experts, participated in the meeting. Established in 2012, the Berlin Eurasian Club (BEC) serves as a platform for fostering informal dialogue on issues of mutual interest among Kazakhstan, Germany, and other participating countries. The club primarily concentrates on bolstering ties between Eurasian and European nations through cooperation across various domains. BEC meetings, which are typically convened annually in Astana, Brussels, and Berlin, present opportunities for high-level discussions encompassing a broad spectrum of topics, from scientific innovation to social reforms and economic cooperation.

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