Government approves Kazakhstan’s 2020-24 socio-economic development forecast27 August 2019The reporting and statistical GDP figures for 2018 and the economic development for the 7 months of the present year, the renewed forecasts of world economic growth and tendencies on the global commodity markets have served as the underlying factors in determining a forecast of social and economic development of the country for 2020-24, Kazakh National Economy Minister Ruslan Dalenov reported this information at the Government meeting.
Investment in nation’s health: capital contributions in health service increased by 13% in a year27 August 2019Following the results of seven months of 2019, the volume of investment in health and social services increased by 12.7% and amounted to 57 billion tenge (IFO - 110.7%). Over the same period last year, the amount of investment was equal to 50.6 billion tenge, the increase was 54.8% (IFO - 147%). It must be said, this is only less than 1% of the total investment in fixed assets in Kazakhstan, energyprom.kz informed.
Norwegian researchers on doing business in Kazakhstan26 August 2019This summer a group of Norwegian researchers has issued a report titled “International Business” devoted entirely to Kazakhstan. The report was drafted during the year by the representatives of Norwegian University of Science and Technology, Norway’s Economics School and BI Norwegian Business School supported by the government corporation Innovations Norway. More about this report can be read in the article below.
Loans for domestic business financing decreased by 30% in the past 5 years23 August 2019The share of equity in the domestic business financing has increased from 58% to 73% within 5 years. Sharp reduction of loan funds in 2017, caused by decrease of foreign funding by 77.4%, became a reason. However, the investment policy of Kazakhstan showed the positive dynamics following the 1Q 2019 results, in particular, the loans of non-residents reached the level of 37.6%. For comparison, during the same period in 2018 the indicator was 32.8%. The information was provided by the FinReview.Info News and Analysis Website. Read more about the investment policy of Kazakhstan for the first half of 2019 in the review material below.
Head of State in on visit to Karaganda region 23 August 2019In a working visit to Karaganda region, Head of State Kassym-Jomart Tokayev has visited the Saryarka special economic zone and the Alfarukh logistics center, the Akorda press service informs.
Kazakhstan and France: sample of successful cooperation23 August 2019Direct foreign investments from France to Kazakhstan have grown by 21 per cent over the year, with the 1Q 2019 gross inflow of investments totalling 255.7 million US dollars. As of today, there are 112 enterprises with French capital across Kazakhstan. These figures have been provided by the Energyprom.kz Monitoring Agency. Read more about Kazakh-French cooperation in the article below.
Emirati astronaut to make his first trip into space from Baikonur Cosmodrome23 August 2019Kazakh Foreign Minister, Beibut Atamkulov, met with Ambassador of the United Arab Emirates to Kazakhstan Mohammed Al-Jaber. According to the information of the Ministry of Foreign Affairs of Kazakhstan, the meeting discussed a broad range of issues, they are the current state and perspective of the bilateral political, economic and cultural and humanitarian cooperation, the pressing issues of regional and international agendas. Read more in the piece of the Strategy2050.kz Information Agency.
Year of Youth: Kazakhstan and US share experience22 August 2019First President Nursultan Nazarbayev declared 2019 the Year of Youth in Kazakhstan. Today, comprehensive support for young people is becoming a priority of the state policy. All conditions have been created for the development of science and education as well as privileges, subsidies and other measures of the state support have been provided. In return, young people are expected to be active and effective. For these reasons the Kazakh Ministry of Information and Social Development organized a Kazakhstani-American Youth Forum aimed at sharing experience between the Kazakh and US young people. Read more in the article below.
High-level C5+1 Meeting highlighted challenges and threats facing Central Asia22 August 201921 August 2019 saw the high-level meeting in a C5+1 format involving Kazakh Foreign Ministry Beibut Atamkulov, Deputy Chair of the Cabinet of Ministers – Turkmen Foreign Minister Rashid Meredov, Kyrgyz Foreign Minister Chinigiz Aidarbekov, Foreign Minister of Tajikistan Sirodjidin Aslov, Uzbek Foreign Minister Abdulaziz Kamilov and US Under Secretary of State David Hale.
Unemployment slightly falls in Kazakhstan 21 August 2019Kazakhstan has seen a slight decrease in the unemployment rate - from 442.8 thousand to 441.8 thousand unemployed persons - in the 2nd quarter of this year, reducing by 1062 over the first. Analytics say the majority of unemployed persons spread across the country’s southern parts due to their high population density.
AIFC new bill to attract more investors20 August 2019The Astana International Financial Center is fundamental to Nursultan Nazarbayev’s National Plan “100 Concrete Steps” geared towards economy diversification and financial sector’s development, Kairat Kelimbetov, the AIFC Governor says during a regular Government session.
How Nur-Sultan handles waste management19 August 2019The Kazakh capital of Nur-Sultan is facing an environmental issue as the number of illegal dumps grows every year. 2018 saw the elimination of 100 such dumps, whereas 185 dumps have been removed since early 2019. In an interview with the Strategy2050.kz correspondent, Mussa Tanabayev, head of the Department of Environmental Protection and Natural Resource Use in Nur-Sultan, talked about the Kazakh capital’s waste management and waste sorting at home.
How many people will live in Nur-Sultan by 2050?15 August 2019Labour Resources Development Center experts conclude that in 30 years a population of Kazakhstan will be over 24 million people, with 9 million residing in the three major cities, as long as the rates of birth and death remain at the previous year’s level. Such a conclusion was drawn based on the information presented by the Kazakh National Economy Ministry.
1st investment project in educational sphere: Singapore to build schools in Kazakhstan15 August 2019Over several years of cooperation, Kazakhstan and Singapore have built a strong interaction in the field of education, staring off in September 2011, with a conclusion of a memorandum of understanding to develop Kazakhstan’s system of vocational education between the Kazakh Education and Science Ministry and Singapore’s National Fund “Temasek Foundation” and Nanyang Polytechnic International college. The countries continue interacting, so bringing cooperation to a brand new level. At the moment, Singapore is going to build schools in several cities of Kazakhstan. Read for more in the article below.
Harvard’s students to hold conference in Kazakhstan14 August 2019Nazarbayev University is the first university in Central Asia where HPAIR Conference 2019 will take place. According to Charles Michael, Executive, Harvard Organizing Committee, the Conference will allow to tap into a new sphere of young rising leaders in the Asian region. What to expect from the Conference? What are the preparation procedures? Read in the article below by the Strategy2050.kz Information Agency.
KAZAKH INVEST - central front office supporting investors14 August 2019Kazakhstan’s Government approved a new procedure for organizing the work of the central government authorities and local executive bodies with investors on the principle of “single window”, as well as the rules for interaction when attracting investments. The mechanism for working with investors is built on three levels: front offices of the external, central and regional levels.
More than 55K apartments built in Kazakhstan for 7 months13 August 2019Following the results of 7 months this year, 6.5 million square meters of housing have been commissioned, which makes 96.3% of the same period in 2018. The percentage of housing commissioned by the annual plan is 50% (plan - 13.0 million square meters).
Government session: socio-economic development of Kazakhstan for 7 months of 201913 August 2019For January-July this year, the GDP growth has been 4.2% compared last year's growth level. Positive growth has been seen in construction - by 11.5%, commerce - by 7.5%, transport - by 5.4%, manufacturing, including machine-building - by 17.7%, light industry - by 14.3%, ferrous-metals production - by 17.2%, oil refining - by 5.1%. Read the material below for more on the social and economic development of Kazakhstan.
Kazakh PM emphasizes industrial cooperation as EAEU members met in Kyrgyzstan12 August 2019With PMs of Russia, Belarus, Armenia, Kyrgyzstan and Kazakhstan Dmitry Medvedev, Sergey Rumas, Nikol Pashinyan, Mukhammetkalyi Abylgaziyev, Askar Mamin as well as Chairman Tigran Sarkisyan, EEC Panel, in attendance, the 9 August 2019 Eurasian Intergovernmental Council meeting in the Kyrgyz resort town Cholpon-Ata, saw the signing of 12 documents.
Kazakhstan and UK reaffirm commitment to strategic partnership 09 August 20198 August 2019, Kazakh Foreign Minister Beibut Atamkulov talked over the phone with Minister of State for Europe and the Americas at the Foreign and Commonwealth Office of the United Kingdom, Christopher Pincher, held at the initiative of the British side, the Kazakh Foreign Minister’s press service informs.
How Kazakhstan curbs shadow economy 08 August 2019Kazakhstan has recently changed the rules to measure the grey economy to meet the international standards. While sectors such as commerce and construction take the most share in the grey economy, the Kazakh Finance Ministry seeks ways to diminish the level of grey economy within the country through different ways.
Demand for electric cars falls in Kazakhstan 06 August 2019Kazakhstan has seen a 3.5% fall in demand for electric cars, according to a report by KazAutoProm, the union of enterprises of the Kazakh automotive industry, on the dynamics of vehicles registration following seven months of 2019.
President receives Almaty Mayor 05 August 2019Kazakh President Kassym-Jomart Tokayev has met with the Mayor of Almaty, Bakytzhan Sagintayev at Akorda, the Presidential Palace’s press service informs.
Kazakhstan and Japan seek investment opportunities 05 August 2019The ongoing and perspective joint projects in Kazakhstan in engineering, energy, agriculture, logistics, petrochemicals, light industry, robotics and ICT came under discussion. The Kazakh Foreign Ministry press service informed.
2019-24 road map: Kazakh machine-building output tripled over last year – Industry Ministry 01 August 2019Machine-building has played an integral part in the first and second 5 years of the State Program for Industrial and Innovational Development. According to the Industry and Infrastructural Development Ministry, machine-building production tripled and exceeded 1 trillion tenge in 2018. 128 projects worth 367 billion tenge are under way, with 10 projects valued at 54 billion tenge slated for introduction this year.
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