• KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
  • KGS/USD = 0.01149 0%
  • KZT/USD = 0.00191 0%
  • TJS/USD = 0.09178 0.22%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28490 -0.42%
23 December 2024

Viewing results 1 - 6 of 2151

Kazakhstan Encourages Ethnic Kazakhs to Return to Historical Homeland

According to the Kazakh Ministry of Labour and Social Protection of the Population, from January -April this year, 4,351 ethnic Kazakhs returned to their historical homeland and received repatriate status. Since 1991, 1,132,700 ethnic Kazakhs have returned to the country. From 2023, a pilot scheme, to assign repatriate status based on the “one window” principle through the embassies of Kazakhstan abroad has accepted applications from 7,518 ethnic Kazakhs. Amongst this this year’s repatriates, 51.1% arrived from China; 31.9% from Uzbekistan; 6.4% from Turkmenistan; 5.4% from Mongolia; 3.7% from Russia, and 1.5% from elsewhere. Those of working age made up 59.1%, minors, 31.7%, and retired people, 9.2%. Repatriates are resettled by the government in labour-scarce regions in the north and east of the country including Akmola, Abay, Kostanay and Pavlodar. To support their relocation, the state provides subsidies for each family member, and financial aid towards rent and payment of utility bills. The government has also introduced an economic mobility certificate for the purchase or construction of housing, and will partly cover down payment on mortgage loans of up to 50% or 4.28 million tenge per family. In addition, the government offers support to employers involved in the resettlement of repatriates in its northern regions.

Kazakhstan Plans To Stop Bloggers From Promoting Gambling

Kazakhstan is preparing big changes for the gambling business in the form of a new bill that's under consideration in the country's lower house of parliament, the Mazhilis. Should the bill become law, bloggers will be banned from advertising betting platforms and online casinos. These changes are aimed at stricter regulation of the gambling industry and protection of citizens' financial interests. Members of the Maijilis emphasize that bloggers will still be able to cover sporting events on their social media accounts, but advertising gambling establishments will be banned. That's a step towards more responsible and ethical advertising practices that focus on sports and healthy lifestyles that the government would like to promote. The bill includes other important changes, such as raising the minimum age for gambling to 25, banning gambling by those who are in debt, and tightening the requirements for advertising gambling establishments. These steps are aimed at creating a safer and more responsible gambling environment for citizens of Kazakhstan. In March the Mazhilis started working on the new draft law, which, according to representative Askhat Aimagambetov, provides for the introduction of liability for gambling businesses in the form of fines ranging from 1.1 million tenge ($2,500) to 3.6 million tenge ($8,000). In addition, members of the Maijilis spoke out on the possible introduction of a ban on gambling for civil servants. This is a step that could be part of a broader program to combat the negative consequences of gambling addiction among public-sector employees.

Kazakhstan Has Become Main Trade Partner of China’s Xinjiang Province

According to Chinese Customs Service data from the first quarter of 2024, Kazakhstan became the main trade partner of China's Xinjiang Uygur Autonomous Region. Since the beginning of the year, Xinjiang has conducted trade with 193 countries and regions of the world. The volume of imports and exports with Kazakhstan and Kyrgyzstan in currency terms has increased by 58.8% and 1.9% respectively. The volume of foreign trade originating from Xinjiang since the beginning of 2024 has increased by 42.7% year-on-year and reached about $13.2 billion. That puts Xinjiang in second place in China in terms of trade growth at the provincial level. Imports of agricultural products specifically increased by 36%. According to the General Customs Administration (GCA) of China, last year the trade turnover between Kazakhstan and Xinjiang increased by 63% and reached $20.3 billion. In the first half of 2023 China became Kazakhstan's main trading partner, displacing Russia. China supplies the country with cars, computers and laptops, plastics and plastic products -- and from Kazakhstan imports oil, natural gas, uranium, ferroalloys, mined ores and concentrates and oilseeds.

Central Asian Countries Set 2024 Quotas for Amu Darya, Syr Darya River Water Usage

Last week in Kazakhstan, delegates came together for the 87th meeting of the Interstate Commission for Water Coordination (ICWC) of Central Asia, where they discussed the potential and limitations of regional water reservoirs ahead of the 2023-2024 agricultural growing season. According to the ICWC, some of the more pressing questions focused on confirming limits of water usage for the 2024 growing season for the Syr Darya and Amu Darya river basins and the prognosis for water release from the reservoirs in those basins. There's still no information on how much water will be sent to the Aral Sea basin. In accordance with the quota, the draw on water from the Amu Darya watershed will be 56 billion cubic meters for the year, with about 40 billion cubic meters to be used in the April-to-October growing season. As stated in the ICWC agreement, Uzbekistan will receive 16 billion cubic meters, Turkmenistan 15.5 billion cubic meters, and Tajikistan will get 6.9 billion cubic meters. The Syr Darya's water use quota for this year's growing season is around 11.9 billion cubic meters, with 8.8 billion cubic meters going to Uzbekistan, 1.9 billion cubic meters for Tajikistan, 920 million cubic meters for Kazakhstan, and 270 million cubic meters for Kyrgyzstan. According to the ICWC, the totals for irrigated lands by Central Asian country are 4.3 million hectares in Uzbekistan, 2.5 million hectares in Kazakhstan, 1.9 million hectares in Turkmenistan, 1 million hectares in Kyrgyzstan, and 680,000 in Tajikistan.

Kazakhstan Imported 500 Million Cubic Meters of Russian Gas in First Quarter 2024

In the first quarter of 2024 Kazakhstan took delivery of 500 million cubic meters of Russian gas, according to a report by the Ministry of Energy of Kazakhstan, who said that the import of blue fuel from Russia is under a contract between state energy companies JSC QazaqGaz and PJSC Gazprom. According to the agreement between the companies, fuel imports are made only when necessitated by the gas demand of the domestic Kazakh market against the background of peak consumption in winter -- and exclusively at the request of the Kazakh side. According to QazaqGaz, the wholesale cost of Kazakh gas is more than 60% higher than the retail price in the country. At the end of last year, the national company incurred $392 million in losses from the sale of natural gas on the domestic market. Experts say that the possibility of gas shortages in the country depends on the growth rate of domestic consumption and stability of commercial fuel supplies from domestic natural gas producers. If there is a shortage, it can be covered by imports assured by the national company. However, in order to prevent shortages of gas in the medium and long term, QazaqGaz has increased its commercial gas reserves, started to develop new fields, and undertaken construction of new -- and refurbishment of existing -- gas processing and gas transportation facilities. Earlier, Boris Martsinkevich, an energy expert and editor-in-chief of the Russian publication Geoenergetika, described Kazakhstan as a gas-dependent country. In his opinion, 2024 will be a milestone year for Kazakhstan. This is the year when Kazakhstan's fields will not be able to meet the needs of the domestic market. Martsinkevich's statements were made against the backdrop of a sharp decline in gas exports and an increase in gas imports.

German Company to Manufacture Ultralight Aircraft in Kazakhstan

Germany’s Flight Design GmbH, a leading manufacturer of ultralight aircraft with over 25 years of experience, is set to produce ultralight CT series aircraft in Kazakhstan. The project was announced at the Flight Design and Kazakh Invest press conference at the 30th AERO Friedrichshafen General Aviation Exhibition in Friedrichshafen, Germany, on 19 April. According to Flight Design CEO Daniel Guenther, the aircraft will be produced with support from the Virage group of companies under a newly created joint venture, Flight Design Kazakhstan. Aircraft assembled in the free economic zone (FEZ) in Almaty, Kazakhstan, will be sold to both local and foreign markets.