• KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01150 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09140 -0.33%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
13 December 2024

Viewing results 1 - 6 of 14

France to Help Kazakhstan Preserve Lake Balkhash

Kazakhstan’s Ministry of Water Resources and Irrigation, the French Development Agency (AFD), and the French Geological Survey (BRGM, Bureau de Recherches Géologiques et Minières) have signed a cooperation agreement to preserve Lake Balkhash. The agreement was formalized on December 4 at the One Water Summit in Saudi Arabia, attended by Kazakhstan President Kassym-Jomart Tokayev and French President Emmanuel Macron. Located 175 miles northwest of Almaty, Kazakhstan’s largest city, Lake Balkhash is the world’s fifteenth-largest lake. Under the agreement, the French side will allocate a grant of 1.35 million €uros to Kazakhstan’s Ministry of Water Resources and Irrigation to develop sustainable water management for the lake. The project includes a comprehensive study of the Lake Balkhash basin to create a long-term preservation plan through 2040. Minister of Water Resources and Irrigation, Nurzhan Nurzhigitov explained, "The trilateral agreement with AFD and BRGM is aimed at studying and sustainably managing water in the Lake Balkhash basin. The document provides for measuring and analyzing the state of water, modeling climate and anthropogenic influences, and forecasting the water balance until 2040. One of the goals of the project is to optimize the operating mode of the Kapchagay Reservoir to stabilize the level of Lake Balkhash. Based on the results of the study, measures will be taken to clean the rivers [feeding Balkhash], prevent soil degradation and water pollution, develop fisheries and ecotourism, and create a regulatory framework for the protection of the lake." At the summit, Kazakhstan’s Special Representative for International Environmental Cooperation, Zulfiya Suleimenova, announced that Kazakhmys Corporation, one of the country’s leading private companies, will contribute $5 million to preserve the ecosystem of Lake Balkhash and adjacent wetlands. In November, The Times of Central Asia reported that 13.5 billion cubic meters of water had been sent to Lake Balkhash via the Ili River from the Kapchagay Reservoir in 2024, raising the lake’s average water level to 341.6 meters above sea level. The Ili River, which originates in China, provides about 70% of Lake Balkhash’s water. Earlier in May, reports indicated that Balkhash’s water level had risen by 23 centimeters since the start of the year, largely due to increased rainfall and snow-melt floods during spring. Additionally, Kazakhstan and China have begun negotiations on the joint management of trans-boundary rivers, including the Ili. As previously reported by The Times of Central Asia, a key focus for Kazakhstan in these talks is to maintain optimal water levels in Lake Balkhash.

France to Support Development of Kyrgyzstan’s Largest Ski Resort

Kylychbek Rysaliyev, President of Kyrgyzstan’s Tourism Development Support Fund, recently met with French Ambassador to Kyrgyzstan Nicolas Faye to discuss enhancing bilateral cooperation in tourism. During the talks, Ambassador Faye reaffirmed France’s commitment to supporting the development of a major skiing complex in the Issyk-Kul region. Highlighting the importance of the Three Peaks Ski Complex project, Ambassador Faye described it as a priority for the French Embassy, promising France’s expertise in its design and execution. “The lack of direct flights between Kyrgyzstan and France currently hinders a broader influx of tourists,” noted Ambassador Faye, emphasizing that improving air connectivity could significantly boost tourism potential. Rysaliyev underscored the value of French expertise, pointing to France’s robust tourism industry, which is a key driver of its national economy. He expressed confidence that collaboration on the Issyk-Kul ski complex would facilitate valuable knowledge exchange and elevate Kyrgyzstan’s position as a global tourist destination. The Three Peaks Ski Complex, a flagship initiative announced by Kyrgyz President Sadyr Japarov, is already in its preparatory phase. Infrastructure improvements, including road construction, power supply, and water systems, are underway. The state-owned company Kyrgyz Courchevel has been tasked with overseeing the project’s development. The first phase of the resort, set to open by 2030, will include 60 kilometers of ski tracks out of an anticipated 200 kilometers, six ropeways, and a range of facilities such as hotels, restaurants, ethno-towns, and conference halls. The project is expected to position the Issyk-Kul region as a premier skiing destination, fostering economic growth and attracting international visitors.

Tokayev and Macron Forge New Path for French Investments in Kazakhstan

The Paris summit between Kazakhstan’s President Kassym-Jomart Tokayev and France’s President Emmanuel Macron was a significant event in their countries' evolving bilateral relations. The high-level discussions were centered on deepening cooperation across trade, economic investment, cultural, and humanitarian issues. The talks have reaffirmed and broadened existing frameworks, foretokening robust and diversified collaboration. The historical foundation of Kazakh-French relations, particularly in the economic sphere, has long been strong. French multinational corporations, such as TotalEnergies, have played significant roles in Kazakhstan’s major energy projects, including the Kashagan oil field. At the recently concluded summit, President Tokayev held meetings with prominent French business figures, seeking to enhance investment flows and economic partnerships across the renewable energy, infrastructure, and technology sectors. France recognizes Kazakhstan’s strategic significance in Central Asia and seeks to deepen the partnership, which also complements Europe’s generally expanding engagement with the region. The summit builds on a series of annual encounters that sustain the momentum in Kazakhstan–France relations. In November 2023, a year after President Tokayev’s trip to France in November 2022, President Macron made an official visit to Kazakhstan. This visit highlighted the shared interests between the two countries and underscored the importance of their growing cooperation. The meeting not only strengthened political dialogue but also laid the groundwork for further economic, cultural, and technological collaboration, reflecting a commitment to long-term partnership. The regularity of summits between Kazakhstan and France, besides indicating the pragmatic nature of their relationship, speaks to the personal rapport between Tokayev and Macron. The sustained, high-level engagement indicates a mutual appreciation for reliable and constructive diplomacy. The Paris summit continues the momentum and deepens the strategic significance of relations between Kazakhstan and France relations, as the new agreements demonstrate their common intention to leverage shared interests in pursuit of more comprehensive cooperation. At the 2022 meetings, 25 economic agreements were signed amounting to a value of $3 billion, according to Kazakhstan’s Ministry of Foreign Affairs. If we include the agreements signed at the 2023 meetings, then the newest agreements bring the overall total to $6.4 billion. Bilateral trade reached $4 billion from January to August this year, representing a 44.7 percent increase compared to the same period in 2023. Kazakhstan’s exports to France for the same period rose by 45.2 percent to $2.7 billion for the first eight months of 2024. These exports were heavily concentrated in crude oil and uranium. Just ahead of Tokayev's visit to Paris, the city hosted the 13th meeting of the Kazakhstan–France Business Council. Twenty-four documents were signed there, worth $2 billion, which spanned the agro-industrial, information-technology, light industry, medicine and mining sectors, not to mention a continuing interest in the energy sector. Kazakhstan’s proactive engagement, including its receptivity to French participation in the NPP consortium is in the line of the country's balanced and pragmatic approach to international partnerships. For France, this partnership deepens its footprint in Central Asia while also promoting the policy goals of broader energy diversification and geopolitical influence.  Kazakhstan represents 90 percent of France’s trade with...

Kazakhstan and France – Key Take-Aways From Tokayev’s Trip to Paris

As The Times of Central Asia has reported, President Kassym-Jomart Tokayev paid a state visit to Paris, during which he met with his French counterpart and held fruitful talks with representatives of major European companies. After the bilateral talks, Tokayev and French President Emmanuel Macron issued a joint statement. “This visit is significant for us. France is a close and reliable partner of Kazakhstan in the European Union. For 34 years, our relations have acquired a strategic character. Astana and Paris have established a political dialog based on mutual understanding at all levels. Ties in trade and economic, investment, cultural, and humanitarian spheres have been strengthened; a clear legal framework has been formed. Interaction within the framework of international organizations has expanded. I am confident that our partnership, based on unshakable friendship and mutual support, will be successful in the future,” Tokayev said. Both parties stated that they consider it necessary to develop trade and economic cooperation. “Last year, the two countries' trade turnover amounted to $4.2 billion. And this year, we reached this figure in 9 months. France ranks sixth in terms of investment in our country. French companies, including Alstom, Total Energies, Air Liquide, Orano, Vicat, Danone, and Lactalis, have invested heavily in Kazakhstan, reaching about $19.5 billion. Cooperation in the oil and gas, mining, industrial, construction, aviation, engineering, and health care sectors is being strengthened,” the Kazakh president said. In addition, Tokayev met in Paris with a potential supplier of nuclear technology for the construction of nuclear power plants, the CEO of Électricité de France (EDF), Luc Remona. According to the official website of the President of Kazakhstan, Akorda, “The French company is on the short list of potential suppliers of nuclear technology for constructing nuclear power plants. The country is considering the establishment of an international consortium as one of the potential models for the realization of this crucial project.” President Tokayev also participated in an investment roundtable attended by the heads of France's largest companies. “We are pleased to be one of France's main trade, economic, and investment partners in Central Asia. Kazakhstan now accounts for more than 80% of France's trade with the region. This year, bilateral trade volume has increased by 45%,” Tokayev said. The President also outlined promising areas of economic ties for the two countries. “Energy has always been a key sector of our cooperation. Astana is a major supplier of oil and uranium to the European Union and is ready to support France's energy sovereignty further. We expect an intensified presence of French industry in Kazakhstan, with which we associate the introduction of advanced technologies in our production sphere. Given that our country is the largest uranium producer in the world, and France has extensive experience in the nuclear industry, we could cooperate in civilian nuclear energy,” Tokayev stated. Tokayev emphasized that massive international companies are interested in implementing large-scale wind, solar, and hydropower projects in Kazakhstan. For example, Total Energies plans to invest $1.1 billion in a one-gigawatt wind...

Kazakhstan’s Tokayev in France: It’s All About Nuclear Energy

For France – a country that gets around 70% of its electricity from nuclear energy – Kazakhstan’s decision to build its first nuclear power plant presents an ideal opportunity to strengthen economic ties with the Central Asian state. For Astana, potential cooperation with French nuclear corporations could help reduce dependence on Russia and its State Nuclear Energy Corporation, Rosatom. But will things really go that smoothly? In November 2023, following the meeting between Kazakh President Kassym-Jomart Tokayev and his French counterpart Emmanuel Macron, in Astana, it became clear that, for Paris, establishing a strong nuclear partnership with the largest Central Asian nation was the top priority with regard to Kazakhstan. The following year, Tokayev flew to Paris for another round of talks with Macron. Reports suggest that nuclear cooperation was once again one of the key topics the two leaders discussed. On November 4, a day prior to the Macron-Tokayev summit, French and Kazakh officials signed 24 documents on cooperation worth $2 billion. Unsurprisingly, energy was a central focus. Kazakhstan agreed to establish closer ties with two French nuclear giants: Orano and Électricité de France (EDF). According to Gabidulla Osspankulov, Chairman of the Investment Committee of the Kazakh Foreign Ministry, Orano’s great experience in uranium extraction makes it a key partner for Astana. That is why the former Soviet republic aims to use the company’s technologies and experience in uranium production in Kazakhstan. Ospankulov also expects both Orano and EDF to be part of a consortium that will build the nuclear power plant in the Central Asian country. Paris, on the other hand, is likely seeks to not only be involved in the construction of the nuclear facility, but also to get Kazakhstan’s spent nuclear fuel for reprocessing. In exchange, Astana – possibly the world’s largest uranium producer – can increase its uranium exports to France. From the French perspective, such an arrangement would be very beneficial, especially after Niger's military government revoked Orano’s permit to operate at its Imouraren uranium mine – one of the biggest in the world. The problem, however, lies in geography and logistics. On the eve of the Macron-Tokayev summit, the French train manufacturer Alotom and the Kazakhstan Temir Zholy Electric Locomotive Assembly Plant signed a deal on the supply of 117 French-made freight electric locomotives, weighing up to 9,000 tons, to the former Soviet republic. Will they be used for the transport of Kazakh uranium to France? Russia and China, as the Central Asian nation’s giant neighbors, could easily, under any pretext, block the transport of Kazakh nuclear materials through their territories to Europe. Rail remains the dominant mode of transport for Kazakhstan’s uranium exports, but its reliance on Russian and Chinese routes poses a strategic challenge for Astana. To avoid using the two nations’ railways, Astana would have to boost uranium and potentially also spent nuclear fuel exports via the Caspian Sea Route, primarily through the Middle Corridor. It is, therefore, no surprise that modernization of this network remains Kazakhstan’s primary objective. But...

Alstom to Supply 117 Locomotives to Kazakhstan

Kazakhstan’s national railway company, Kazakhstan Temir Zholy (KTZ), Electric Locomotive Assembly Plant, and France’s Alstom have agreed to supply 117 freight electric locomotives by 2028 and establish service centers for them. The document was signed at Paris's November 4 Kazakhstan-France Business Council meeting. These powerful electric locomotives, capable of hauling freight trains weighing up to 9,000 tons, will replace the outdated VL-80 locomotives of the 1980 model. The new locomotives' advantages include lower cost, more economical power consumption, high reliability, and lower maintenance costs. The French bank Société Générale will provide preferential financing for the purchase of the locomotives. Kazakhstan's railways play a strategic role in its economy. The country is a key transit hub for rail cargo transportation along the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, which connects China and Europe. Today, more than 50% of freight in Kazakhstan is transported by rail. Kazakhstan Temir Zholy, the country’s national railway company, reported transporting more than 122 million tons of cargo from January to June 2024.