• KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01126 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09158 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 2126

British Companies Enter Commercial Agreements with Kazakhstan

Two new Kazakh-British business agreements were signed off during UK Foreign Secretary David Cameron’s visit to Kazakhstan on 24 April. The first, between AstraZeneca, a British-Swedish multinational pharmaceutical and biotechnology company, Kazakhstan’s Ministry of Healthcare, Almaty City Administration and Kazakh Invest, aims to implement an investment project for contract manufacturing of biotechnological products in Kazakhstan. According to Kazakh Invest, the agreement represents a significant step towards Kazakhstan’s goal to increase its share of domestically- produced medicines in the local market to 50%. The second deal, signed by the Ministry of Transport of Kazakhstan and British company Car Park Transformer, makes provision for the construction of roadside service facilities on Kazakhstan’s national and international highways. Comprising 250 service stations equipped with restrooms, retail spaces, as well as electric vehicle charging points, the project aims to provide essential services and enhance the comfort of motorists.    

Starlink Broadband Reaches More Schools in Kazakhstan

The Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan has announced that a further 250 Starlink terminals have been sent to rural schools in three of the country’s regions. Akmola received 138 terminals; Zhambyl, 53, and Zhetysu, 55. Starlink terminals have also been installed in 48 schools in flood-hit regions to ensure uninterrupted education and today,  502 rural schools across the country, have access to an average Internet speed of 200 Mbit/s. The provision of high-speed Internet and the development of digital projects in rural schools is a long-standing priority and last week, to progress the initiative, the Minister of Digital Development, Innovation and Aerospace Industry Bagdat Musin met representatives of SpaceX to discuss its expansion of Starlink technology throughout Kazakhstan.

Kazakhstan Welcomes Turkish Investors

On 25 April, Kazakhstan’s Prime Minister Olzhas Bektenov visited Ankara where he met President of Turkey Recep Tayyip Erdogan, discussed investment cooperation with leading Turkish companies, and attended a Kazakh-Turkish business forum. Turkey is one of Kazakhstan’s five largest trading partners and one of the top 20 investors in the Kazakh economy. The two countries’ governments are currently engaged in maintaining bilateral trade worth $10 billion. Looking ahead, Kazakhstan plans to increase its export of 34 products, primarily from metallurgical, petrochemical, food, and engineering industries, valued at over $630 million. Over the past year, the volume of freight transported by rail and road increased by 40%. Kazakhstan and Turkey have now set a target for a further threefold increase by developing the potential of the Trans-Caspian International Transport Route (TITR). At the business forum, over 500 representatives of the Turkish business community were informed of Kazakhstan’s investment climate and government support for investors. It was stated that Kazakhstan and Turkey are currently implementing some 100 joint investment projects costing about $3.8 billion. Addressing Turkish businesses, Bektenov emphasized Kazakhstan’s enormous investment potential and interest in furthering mutually beneficial cooperation with Turkey,  stating, “Kazakhstan’s key aims are transferring advanced technologies, localizing production and creating advanced processing clusters to produce high-quality products with high added value. Investors who are ready to cooperate in this direction will be provided with the necessary resources, infrastructure, and support.” At the close of the business forum, 10 commercial contracts were signed and totalling over $180 million, included a memorandum on the export of finished products, as well as the construction of a logistics hub and factories producing soda ash, sprinkler equipment, nonwoven materials, and  assembly of irrigation equipment.    

Kazakhstan and the Taliban Discuss Transport Links

Members of Kazakhstan's government and representatives of the Taliban have discussed expanding transportation links between Astana and Kabul, according to the Kazakh government's press service. The Kazakh side has said it's ready to participate in projects to develop the Trans-Afghan corridor: the construction of the railroad routes Termez - Mazar-e-Sharif - Kabul - Peshawar and Herat - Kandahar - Spin - Buldak. The projects, say Kazakh officials, will make it possible to reduce the cargo-transit time between the countries of the region almost 90%, as well as reducing the costs. Kazakhstan is ready to participate in the construction of a Trans-Afghan highway by supplying sleepers and fasteners to Afghanistan. Representatives of the national rail carrier Kazakhstan Temir Zholy, or KTZ, spoke about the new cargo delivery route. "Today we launched a pilot project to organize a new multimodal export route from Kazakhstan through Uzbekistan, Afghanistan, Pakistan and further by sea to the port of Jebel Ali in the UAE. The new route is organized with the participation of KTZ Express. The exporter is Kazakhstan's Bio Synergy, and the shipping partner is Pakistan's National Logistics Cell (NLC). The loading of cargo has already started in Pavlodar region. That cargo is aluminosilicate hollow microsphere. In Almaty, the cargo will be reloaded into containers and transferred to the cars of the Pakistani partner. From there by motor transport it will pass through Uzbekistan and Afghanistan to the port of Karachi in Pakistan. From there, two containers will be sent by sea to the port of Jebel Ali in the UAE," commented KTZ's managing director Bauyrzhan Urynbasarov. The parties also discussed the possibility of arranging more flights between the countries. Under earlier agreements, air carriers from Kazakhstan and Afghanistan have the right to perform three regular passenger/cargo flights per week. Kazakhstan is ready to consider accepting more flights from Afghan airlines. Over the past three years the volume of exports from Kazakhstan to Afghanistan has been steadily growing. In 2023, the volume of transportation by rail amounted to 2.7 million tons, of which 1.5 million tons was flour and grain. In December 2023 Kazakhstan removed the Taliban from its list of banned organizations. According to the Kazakh Ministry of Foreign Affairs, the Taliban was no longer classed as a banned organization "in accordance with the practice of the UN [United Nations]."

Russian Comments Put Kazakhstan’s Oil Transit to Germany Under Threat

Russia has warned Kazakhstan about the possible suspension of Kazakh crude oil transshipment to Germany through the Druzhba oil pipeline system. The stated reason is the debt of Polish pipeline operator PERN, according to a report by Reuters. Reuters, citing people familiar with the matter, claims that Russia's Transneft has warned its Kazakh partner KazTransOil about the suspension of oil deliveries to the Schwedt refinery. The reason for this demarche is the outstanding debts of Polish state pipeline operator PERN. If the Polish company doesn't pay for the services of oil acceptance and transfer at the Polish transit point Adamova Zastava on the border with Belarus by June, the transit will be stopped. The amount of the debt is unknown. PERN explained its version of the situation by citing western sanctions against Russia. Payment of money to the Russian side can lead to violations of the sanctions regime. According to comments made by the Kazakh Ministry of Energy, the Kazakh government itself looks at the possibility of transit suspension very negatively. KazTransOil said that the plan of deliveries to Germany remains unchanged, and that negotiations with all participants of the process are underway. Curiously, the Ministry of Energy denied the Reuters report, claiming that "the information does not correspond to reality." In early April it was reported that the Kazakh side intends to supply 1.2 million tons of oil to the Schwedt refinery by the end of the year. This would not be the first case involving a cessation of Kazakh oil transiting Russian territory. Earlier, there were repeated problems with the Caspian Pipeline Consortium (CPC) terminal in Novorossiysk, Russia, on the Black Sea. Some analysts believe that Russia uses oil transportation as an instrument to apply pressure to the Kazakh government.

Central Asians Not Bananas About Bananas

According to the agricultural trade publication East Fruit, Central Asians have little taste for bananas. Kazakhstan has the highest consumption rate but with an average of  4.5 kg of fresh bananas eaten per person, per year, comes nowhere near Uganda where each year, individuals enjoy a whopping 270 kg of bananas. Uzbekistan and Kyrgyzstan are  fast catching up with Kazakhstan whilst in Tajikistan, the annual banana consumption per head  is only 2.3 kg. In Turkmenistan, it appears that many citizens never touch the fruit.  Lagging far behind its neighbours, a very modest  160 grams  are consumed per head, per year; a figure which according to East Fruit analysts is even lower than that recorded for North Korea. Not surprisingly,  countries with the highest banana consumption tend to be those  where the fruit is grown and exported and by way of explaining the above data, Andriy Yarmak, an economist in the investment department of the Unites Nations (UN) Food and Agriculture Organization (FAO) stated,  "Such a low consumption of bananas in Central Asian countries is due to the distance of the countries from the port infrastructure, which makes logistics very expensive. In addition, many countries in the region have high tariff and non-tariff barriers that prevent the import of exotic fruits into these regions. The third factor is the relatively low prices of local fruits, especially in the season of their mass production.”

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