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Knowledge-based economy

Competitive national economy – our power!

President of the Republic of Kazakhstan N. NAZARBAYEV

More than 55K apartments built in Kazakhstan for 7 months 13 August 16:20
Following 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).

  • Kazakhstan attracted investments worth $24bn in 2018 03 September 10:25 The function of encouraging investments is incumbent upon the Kazakh Foreign Ministry, which is also in line with President Tokayev’s tasks to attract modern technology-related investments from the U.S., Germany, Japan, and China to Kazakhstan and have an economic growth pace of higher than 5 per cent.
  • KazakhInvest reports 2019 half-year outcomes 02 September 12:12 National Company KazakhInvest has contributed to commissioning 4 projects valued at $217 million, $1.7 billion worth 12 projects are under construction as well as 34 projects for $7.1 billion are now well under way as the company held its half-year wrap-up, the KazakhInvest press service reports.
  • China invested $1.5 bn in Kazakhstan’s economy 29 August 11:57 The volume of mutual trade between the two countries in the first half of 2019 increased by 31% and reached 6.8 billion US dollars. Annual investment flows of China increase by an average of 22%. China remains one of the largest foreign trade partners of Kazakhstan. Read more in the article below.
  • Investment in nation’s health: capital contributions in health service increased by 13% in a year 27 August 11:13 Following 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.
  • Loans for domestic business financing decreased by 30% in the past 5 years 23 August 15:38 The 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.
  • KAZAKH INVEST - central front office supporting investors 14 August 14:13 Kazakhstan’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.
  • Demand for electric cars falls in Kazakhstan 06 August 12:14 Kazakhstan 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.
  • Kazakhstan attracts $6 billion DFI in 1Q 2019 31 July 11:58 Kazakhstan has been carrying out intensive work towards a favorable investment climate through establishing special economic and industrial zones, development institutes, financial organizations as well as legal frameworks. 103 domestic and foreign projects are slated for 2019.
  • Who is avail of estate tax amnesty in Kazakhstan? 12 July 13:15 In the wake of the law to cancel tax penalties signed by the Kazakh President last week, the Kazakh Government was tasked on a tax amnesty for individuals provided the principal is paid. Read more for the mechanism of the amnesty and who will be under it in the article below.
  • Economics of simple things: number of approved projects nearly doubles 09 July 14:00 The program of preferential crediting runs as part of the economics of simple things acclaimed in the address of Yelbasy (Leader of the Nation) to the people of Kazakhstan “Growing welfare of Kazakh citizens: increase in income and quality of life” to handle development of small- and medium-sized entrepreneurship and employment, thereby creating new jobs. Read more below.
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