• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00196 0%
  • TJS/USD = 0.09685 0.21%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%

Viewing results 1 - 6 of 6

Kazakhstan Plants Over 1 Billion Trees as Reforestation Drive Extends to 2027

Between 2021 and 2024, Kazakhstan planted a total of 1.15 billion tree saplings, according to the Ministry of Ecology and Natural Resources. The effort forms part of a sweeping national campaign aimed at reversing deforestation and mitigating climate impacts. Initially, President Kassym-Jomart Tokayev had set a target of planting two billion trees by 2025. However, the government has now extended the deadline to the end of 2027 and re-approved its Comprehensive Plan for Reforestation and Afforestation. As part of the initiative, one and two-year-old saplings of both deciduous and coniferous species are being planted across various ecosystems. Currently, 251 forest nurseries operate across the country on 3,178 hectares of land, producing more than 280 million saplings for future planting. Urban greening is also a key focus. Under the presidential initiative to plant 15 million trees in cities and villages nationwide, 14.3 million have already been planted between 2021 and 2024. The plan calls for more than three million trees to be planted annually through 2025. To support this effort, the government has approved detailed landscaping and green zone development plans for Kazakhstan’s regions, as well as for its three major cities, Astana, Almaty, and Shymkent. Another priority is the afforestation of the dried bed of the Aral Sea, a critical environmental concern in Central Asia. Over the past three decades, trees and shrubs have been planted on more than 600,000 hectares of the former seabed, including 413,000 hectares over the last four years alone.

Kazakhstan’s Lower House Passes Controversial New Tax Code Amid Public Backlash

On April 30, the Mazhilis, the lower house of Kazakhstan’s parliament, approved a new Tax Code by majority vote. The draft law, part of President Kassym-Jomart Tokayev’s broader economic reforms, has triggered intense public and political debate. While proponents highlight its emphasis on modernization and fairness, critics warn of increased pressure on businesses and potential inflation. The final decision now rests with the president, following Senate review. Key Reforms and Adjustments According to Berik Beisengaliyev, head of the Mazhilis working group, the final version of the Tax Code diverges significantly from the original draft submitted in August 2024. One of the major changes concerns VAT (value-added tax). The government’s initial proposal to raise the VAT rate to 20% was scaled back to 16%. The threshold for mandatory VAT registration has been raised from 15 million to 40 million tenge. Reduced VAT rates are set for medical services and medicines, 5% from 2026 and 10% from 2027. Goods and services tied to guaranteed free medical care, compulsory health insurance, and treatment of orphan and socially significant diseases will be VAT-exempt. Additionally, the VAT exemption will extend to socially significant food items, books published domestically, and related publishing services. Agricultural producers will benefit from a higher VAT offset, increased from 70% to 80%. Other reforms include a shift from a permissive to a prohibitive activity list, with a unified 4% tax rate that regional maslikhats can adjust by ±50%. Special tax regimes for business-to-business transactions are also being expanded. Corporate income tax (CIT) has been reduced to 5% from 2026 and 10% from 2027 for social sector organizations. The social tax deduction for people with disabilities has increased to 5,000 MCI (19.6 million tenge in 2025). Meanwhile, the CIT rate for banks and the gambling industry has been raised to 25%, though a 20% rate remains on banks’ business lending income. A progressive income tax scale will be introduced: 10% on annual wages up to 8,500 MCI (33.5 million tenge or roughly $65,000), and 15% on income above that threshold. For dividends, the rate will be 5% on income up to 230,000 MCI (1 billion tenge, or $2 million), and 15% thereafter. The code also proposes higher excise taxes on alcohol, tobacco, and heated tobacco products, along with a new excise on energy drinks as part of a health initiative. Land use provisions have been amended to penalize inefficient use of agricultural land, with payment rates increasing up to 100-fold. Mineral resource usage rates will vary based on license duration and the number of plots held. Political Dissent and Criticism The Ak Zhol party opposed the code in both readings, citing disproportionate fiscal burdens on SMEs while sparing large extractive firms. The party also criticized the VAT hike as inflationary and warned about the opaque nature of the risk management system (RMS), which they say allows for discretionary actions by tax authorities. “The code is bloated with over 100 new articles, making it more difficult for entrepreneurs to navigate. This is not...

Tokayev Warns of Rising Extremism and Erosion of Global Norms at Assembly Speech

President Kassym-Jomart Tokayev has warned of a global resurgence of extremist ideologies and populist rhetoric, citing a crisis of confidence that has weakened international law and institutions. Speaking at the 34th session of the Assembly of the People of Kazakhstan (APK), Tokayev addressed both foreign and domestic challenges facing the country, while emphasizing the importance of national unity and interethnic harmony. “We have become a more modern and advanced society. This evolution places new demands on our model of social harmony. Methods that worked yesterday may no longer be applicable today,” Tokayev said in his address, urging a critical review of past achievements and failures to avoid regression. Highlighting Kazakhstan’s foundational principles, Tokayev reaffirmed that “consent, tolerance, and friendship” are not mere slogans but integral to daily life. “The politicization of interethnic and interfaith relations is unacceptable. The state guarantees justice and equal opportunity for all citizens, regardless of ethnicity, religion, or social status,” he stressed. He also condemned attempts to impose language norms in personal and public communication. “Everyone is equal before the law. We will decisively suppress any provocation aimed at undermining interethnic harmony, no matter the source,” Tokayev stated. He accused some foreign-funded organizations, bloggers, and former citizens living abroad of deliberately inciting discord under the guise of promoting human rights and freedom of speech. According to Tokayev, recent revelations concerning the operations of some foreign NGOs exposed their “cynicism, greed, and indifference” to Kazakhstan’s welfare. On foreign policy, Tokayev reaffirmed Kazakhstan’s strategic alliance with Russia and historical ties with China. He expressed concern over the global retreat into extremism and the weakening of key institutions. “There is a return to extremist ideologies and populism, a surge in radical rhetoric, and an erosion of international law. In this context, Kazakhstan continues to advocate for adherence to and reform of the UN Charter,” he said. Tokayev stressed the need for global unity, compromise, and mutual understanding to prevent chaos. “For some, ethnic diversity may be a source of risk and mistrust. For us, it is a national asset and strategic advantage,” he said. “Unity, dialogue, mutual trust, and civic responsibility are essential pillars for the sustainable progress of our nation.”

President Tokayev: Kazakhstan Prepared for Global Market Turbulence

Kazakh President Kassym-Jomart Tokayev has stated that Kazakhstan is prepared to confront the consequences of what he described as one of the most severe global economic crises in recent decades. Speaking at a meeting with the country’s scientific community, Tokayev emphasized that while the international environment is turbulent, there is no reason for panic, noting that Kazakhstan has prior experience in navigating such challenges. “Due to the onset of a ‘tariff war of all against all,’ we are witnessing the breakdown of production and trade chains, the collapse of markets, and heightened volatility in raw material prices. These developments will inevitably affect all nations, including Kazakhstan,” Tokayev warned. Despite these external shocks, he assured that the country will stay the course on its development agenda. All priority infrastructure projects, he confirmed, will continue to receive full financing and will be implemented as planned. In light of growing global uncertainty, Tokayev underlined the fierce competition for investment that lies ahead. “We need to be in very good shape. We must be ready for all scenarios. We must act pragmatically and confidently. Crises are beneficial in that they reveal the presence or absence of managerial talent and give rise to new opportunities,” the president stated. A day earlier, Tokayev had convened a meeting with key figures from the government’s economic and financial sectors to assess the situation following a steep decline in global prices for energy resources and essential commodities. As previously reported by The Times of Central Asia, Kazakhstan’s economy has recently received a temporary boost thanks to increased demand and rising prices for several key exports. This trend followed the U.S. suspension of additional tariffs on various countries, including Kazakhstan.

Why Europe Is Betting Big on Kazakhstan’s Future

On April 3, Kazakhstan’s President Kassym-Jomart Tokayev met with European Commission President Ursula von der Leyen in Samarkand, ahead of the Central Asia–European Union summit. Although the meeting was brief, it came at a key moment, bringing into focus a set of shared economic and technological priorities that both sides increasingly treat as strategic. Tokayev made his position plain: Kazakhstan is looking to push forward in four core areas of cooperation with the EU: energy, industrial infrastructure, transport and logistics, and digital technology. Each of these lines up with the country’s broader goals for economic modernization. The two leaders also acknowledged recent steps toward a simplified EU visa regime for Kazakhstani nationals, which would ease movement for businesses and professionals in both directions. The meeting itself fits into a growing pattern. It builds on the first five-country Central Asia–EU leaders’ summit held in Astana back in October 2022. That gathering marked a turning point, putting the EU’s regional engagement on firmer institutional footing. It went beyond symbolic gestures and aimed at unlocking concrete investment opportunities. Since then, the EU has moved quickly to back up its commitments with financial and logistical support. Much of this has flowed through the Global Gateway initiative, a flagship program designed to channel European investment into infrastructure projects in developing and strategically situated economies. The European Bank for Reconstruction and Development (EBRD) has had a visible role in this process, running studies and financing projects across the transport, energy, and trade connectivity sectors. One EBRD-backed report, published in 2023, offered a striking projection: around €18.5 billion would be needed to scale container transport between the EU and Central Asia by a factor of eight. The goal was to go from fewer than 100,000 TEUs per year to roughly 865,000 by 2040. In response, the EU and the EBRD convened an Investors' Forum in early 2024, bringing in more than €10 billion in early-stage pledges. A second forum is now scheduled for 2025, with new focus areas, including mining, supply chains, and processing industries. During the Samarkand discussion, von der Leyen underlined the strategic significance of the Middle Corridor, also known as the Trans-Caspian International Transport Route (TITR). This project has been gaining traction in EU planning circles as an alternative to routes running through Russia or the Gulf. The corridor promises not only economic returns but greater resilience in east–west supply chains. Kazakhstan, by geography and by political posture, is positioned at the center of this shift. Its participation is not just beneficial but also structurally important. The timing of the meeting was also notable. Just a day earlier, Kazakhstan’s Ministry of Industry and Construction had announced a major find: a substantial deposit of rare earth elements at the Kuirektykol site. State-supported geological teams working in that region reported an estimated one million tons of potential material. Preliminary surveys from two zones, Irgiz and Dos 2, showed mineral content exceeding 0.1%, with some samples reaching as high as 0.25%. This level is a strong signal...

Kazakhstan to Establish Nuclear Energy Agency

Kazakhstan will create a Nuclear Energy Agency, President Kassym-Jomart Tokayev announced during a session of the National Kurultai (annual assembly). "Given the special significance of this issue, I have decided to establish the Agency for Nuclear Energy under the President. We must maximize the potential of gas and coal-fired generation, as well as renewable energy sources," Tokayev said​. Tokayev emphasized the need for a comprehensive, long-term approach to energy sector development. "By approving the construction of the first nuclear power plant in a referendum, citizens have given the green light to this initiative. However, it is crucial not only to meet current energy demands but also to lay the foundation for future economic growth. That is why I believe it is necessary to construct not one, but three nuclear power plants to establish a full-fledged nuclear cluster," he said​. Kazakhstan held a referendum on October 6, 2024, regarding the construction of its first nuclear power plant. According to the Central Election Commission, 63.66% of eligible voters participated, with 71.12% (5.56 million people) supporting the project​. In January 2025, the government finalized a shortlist of potential technology suppliers for the plant. The candidates include Russia's Rosatom, South Korea's KHNP, China's CNNC, and France's EDF​. Simultaneously, authorities are completing an analysis of possible locations for the second and third nuclear power plants. The final construction plan is expected to be unveiled in the second quarter of 2025, with the city of Kurchatov among the potential sites under consideration​.