Since 2022, foreign marketplaces, social networks, streaming platforms and other digital services have paid 178.8 billion tenge ($388.8 million) to Kazakhstan’s budget. In the first seven months of 2026 alone, revenue reached 51.5 billion tenge ($112 million) — almost as much as the state collected for all of last year,…
Singapore’s Changi Airport Group (CAG) has offered to share its expertise with Kazakhstan on the construction of a new airport in Astana. The announcement followed a meeting between Kazakh Prime Minister Olzhas Bektenov and CAG CEO Yam Kum Wang. Astana’s second airport is one of the key projects the country’s…
Kazakhstan recorded 637.2 billion tenge (approximately $1.4 billion) in investment in trade and related sectors from January to July 2026, up 22.3% year-on-year, according to the Ministry of Trade and Integration. The strongest investment growth was recorded in the North Kazakhstan, Karaganda, Kostanay, Abai and Mangystau regions, as well as…
In July, Georgia imported Kazakhstani oil for the first time. The shipment totaled 5,500 tons and was worth $3.2 million, according to data from Georgia’s National Statistics Office. The average price of oil shipped from Kazakhstan was around $582 per ton. For comparison, Georgia imported 87,400 tons of Russian oil…
Construction has begun on the QAZBOT complex in Astana. It is set to become Kazakhstan’s first facility for producing humanoid robots and developing artificial intelligence solutions. Investment in the first phase of the project alone is estimated at around $200 million, Atameken Business reported. QAZBOT Technologies said the new Robotics…
Beijing-based China Construction Bank (CCB) is considering establishing a subsidiary in Kazakhstan. The potential expansion was a key topic of discussion between CCB President Zhang Jinliang and officials from Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM) and the National Bank. During the meeting, the two sides…
Chinese robot-maker Unitree Robotics made a blockbuster debut on Shanghai’s STAR Market on Wednesday, with shares surging more than 600% in early trading, the BBC reported. The company, officially Yushu Technology Co. Ltd., was founded in 2016 in Hangzhou and builds humanoid and quadruped robots, robotic arms and sensors. It…
Kazakhstani confectionery producer Lotte Rakhat plans to expand its export geography. The company is considering South Korea, Indonesia and Thailand as new export destinations, Kazakhstan’s Ministry of Agriculture reported. Currently, about 22% of the company’s products are sold outside Kazakhstan. Russia remains the largest foreign market, accounting for around 65%…
The UK-registered company Nostrum Oil & Gas will sell its oil and gas assets in Kazakhstan to Altaris Holding, a company associated with Kazakhstani tycoon Kenes Rakishev. Oil and gas industry analyst Nurlan Zhumagulov believes that for Rakishev, the value of Nostrum Oil & Gas’s assets may lie not only…
Freedom Insurance has grown nearly tenfold in five years, offset billions in auto insurance losses through digitalization and is now preparing to launch an insurance marketplace. In an interview with Kursiv.media, Freedom Insurance CEO Azamat Kerimbayev explained why auto insurance rates are set to rise by more than 40% for…
The Kazakh government has allocated 40.7 billion tenge (around $88 million) for geological exploration and the search for promising mineral deposits. The work is planned for 2026-2028 and will focus on gold, copper, lithium, rare earth elements and other strategically important resources, Kazakhstan’s Ministry of Industry and Construction reported. The…
Starting May 1, Kazakhstan has been supplying crude oil to Germany via alternative routes. Kazakhstan’s Energy Ministry told TASS, a Russian news agency, under what terms and conditions a return to the previous arrangement would be possible. «At present, supplies of Kazakhstani crude oil to Germany via the Atyrau-Samara-Druzhba pipeline…
Kazakhstan’s commercial banking sector experienced a massive surge in client funding in June, yet escalating credit risks and the accounting impact of state aid repayments have dampened overall industry profitability. While banks absorbed 1.8 trillion tenge in corporate and retail deposits during June, the sector’s cumulative first-half net profit declined…
It was in 1930 that John Maynard Keynes envisioned a future where, thanks to technology, people in developed countries would work as little as 15 hours each week. By the time his prediction was supposed to have become reality, however, the shorter workweek had not materialized. Keynes was broadly right…
The Astana International Financial Centre (AIFC) has added digital assets to the list of eligible investment instruments under its Investment Tax Residency Programme (ITRP). Foreign investors can now qualify for a long-term investor visa and tax residency in Kazakhstan by investing in digital assets through AIFC-licensed platforms. Previously, participants in…
Freedom Yatırım Menkul Değerler A.Ş., part of Freedom Holding Corp. (NASDAQ: FRHC), which operates more than 200 offices across over 20 countries in North America, Europe and Asia, has received its operating license from the Capital Markets Board of Türkiye (CMB), becoming the first foreign brokerage firm with broad authorization…
The first data center under the Data Center Valley project, which Kazakhstan is developing jointly with NVIDIA and Firebird AI, is scheduled to be commissioned in June 2027, Kazakhtelecom CEO Bagdat Mussin said at a meeting chaired by Kazakh Prime Minister Olzhas Bektenov. According to Mussin, construction of the first…
The Gornyak Artel, a gold mining company operating in Kazakhstan’s Abay region, reported 8 billion tenge ($15.4 million) in profit in 2025, up 2.3% from the previous year. The company is owned by Liechtenstein citizen Adrian Roman Rheinberger. Gornyak is a subsidiary of gold mining company Akzhal Gold Resources. Its…
Chinese companies are considering establishing production facilities in Stepnogorsk, Akmola region, for drones, light two-seat helicopters and renewable energy equipment. The projects are part of a package of joint Kazakhstan-China initiatives involving a total of $70 million in investment. A memorandum of understanding was signed by the Akmola region administration,…
Kazakhstan’s national oil and gas company KazMunayGas (KMG) has aquired a 50% stake in Shygys Operating LLP. The new company was established on Aug. 6, 2026, to develop the Shygys oil and gas project in the Aktobe region. According to data from the Kazakhstan Stock Exchange (KASE), KMG holds 50%…
Kazakhstan’s international reserves showed a positive trend in July 2026. According to the National Bank’s latest statistics, gross international reserves rose by 3.05% over the month to reach $63.7 billion as of Aug. 1. The increase followed a sharp decline a month earlier. In June, gross international reserves fell by…
The earlier a young family obtains a home of its own, the more likely it is to have more children, according to Lyazzat Ibragimova, CEO of Otbasy Bank, the sole bank implementing housing construction savings system in Kazakhstan. Ibragimova shared the findings of an international study at a recent government briefing. She said…
In highly polarized media landscapes, the specific television news channels households watch can fundamentally shape their economic expectations, according to a study published by the Centre for Economic Policy Research (CEPR). Investigating Turkey’s deeply divided media environment during a period of high inflation, the research reveals that political segmentation erodes…
Freedom Holding Corp. reported an increase in revenue and its customer base for the first quarter of fiscal 2027, ended June 30, 2026. The holding’s total revenue reached $732.9 million, compared with $524 million in the same period a year earlier. The growth was driven by higher interest and commission…
