News

Since the beginning of the year, rumors about the long-awaited power transition have been circulating in Tajikistan. This speculation arose after the traditional New Year address was delivered not by current President Emomali Rakhmon but by his eldest son, Rustam Emomali, who holds the position of mayor of Dushanbe, the capital city of this small Central Asian country.

Political scientists interviewed by Kursiv.media believe that although the power transition is inevitable, the number one Tajik family will exercise maximum caution during the process, as in any country, a power transition makes authorities extremely vulnerable.

Why didn’t Rakhmon address the nation...

Newly appointed Belarusian Ambassador to Kazakhstan Alexey Bogdanov found himself confronted with an unexpected question from Belarusian President Alexander Lukashenko. The «comrade president» asked whether Bogdanov was «heading to Kazakhstan of his own free will or being squeezed out.» As it turned out, Lukashenko’s question was an attempt to get to know about the new ambassador’s plans for the work.

«Alexey, once again, are you heading to Kazakhstan of your own free will, or are you being squeezed out? What will your duties be there? Well, it’s obvious that the economy is the main concern for...

Kyrgyzstan’s police conducted awareness-raising efforts with students from Bangladesh. The country’s Ministry of Internal Affairs highlighted that international students residing in the capital city of Bishkek are supposed to study and not work as couriers.

At a recent meeting of the parliamentary committee on law and order, combating crime and corruption, Nurbek Abdiev, deputy minister of internal affairs, stated that foreigners studying at Kyrgyz universities cannot work as couriers in Bishkek, as reported by the 24.kg news agency.

«Students from Bangladesh studying in Bishkek should not be working as couriers. We fined them, and their scooters...

Kazakhtelecom, the largest telecommunication company in Kazakhstan, has announced the finalization of the sale of Mobile Telecom-Service (MTS), which operates under the Tele2/Altel brands, to Qatari Power International Holding (PIH). The company, controlled by the Samruk-Kazyna state-owned holding, informed the Kazakhstan Stock Exchange (KASE) about the deal.

«Herewith, JSC Kazakhtelecom informs that on Jan. 14, 2025, the transaction for the sale of 100% of the participatory interest in the charter capital of Mobile Telecom-Service LLP in favor of PIH Communication LLC was completed,» Nurlan Meirmanov, the company’s chief innovation officer, reported to KASE.   

Last...

Almaty has claimed the top spot in IQAir’s real-time ranking of the most polluted large cities. IQAir, a Switzerland-based company specializing in air quality monitoring and solutions, ranked Cairo second and Delhi third.

As of 5 p.m. on Jan. 14, Almaty’s air quality index (AQI+) reached 256, which falls under the «very unhealthy» category. At this level, serious health effects are likely for everyone.

Residents are urged to take precautions to protect their health under such conditions. Recommended steps include keeping windows closed, wearing masks, avoiding outdoor exercise and using air purifiers indoors.

The ranking includes 125 cities worldwide. Johannesburg...

In December 2024, the foreign exchange assets of Kazakhstan’s National Fund fell by $2.08 billion, marking a 3.41% decline month-on-month (MoM). The assets totaled $58.81 billion, the lowest level since November 2023, according to the National Bank.

By the end of 2024, foreign currency assets of the National Fund had decreased by 2.02% or $1.21 billion. In contrast, November exhibited a positive trend compared to the beginning of the year, reflecting a 1.43% increase, equivalent to $861 million.

The National Bank also reported notable growth in gross international reserves, which reached $45.8 billion at the end of December, an increase...

Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM) has set a one-year expiration limit on bank cards issued to foreigners. The corresponding amendments have been incorporated into the current legislation.

Businessmen, investors and diplomats are exempt from the policy. By introducing the new measure, the ARDFM aims to mitigate risks related to using banking services for drug trafficking and the illicit turnover of digital assets.  

In response to an inquiry by Kursiv.media, the agency said that new rules do not apply to the already activated payment cards.

The ARDFM has also instructed banks to detect transactions...

Kazakhstan’s Minister of Trade and Integration Arman Shakkaliyev explained why authorities do not dissolve companies sanctioned by the EU and U.S.

During a press briefing, journalists asked Shakkaliyev why Da Group 2022, a small enterprise specializing in the wholesale trade of electronic and telecommunications equipment, remained active in Kazakhstan. On Jan. 10, this company was sanctioned by Japan, while already being on the sanction lists of the EU and the U.S.

According to the minister, Da Group 2022 is currently idle but not dissolved as authorities have no legal grounds to do so.

«The company may...

As part of a new sanctions package against Russia imposed on Jan. 10, the U.S. Department of the Treasury granted exemptions for oilfield services related to the Caspian Pipeline Consortium (CPC), which transports approximately 80% of Kazakhstan’s oil, according to the Interfax news agency.

In addition to the CPC, the Treasury also provided waivers for Tengizchevroil, the operator of the Tengiz oil field, as well as for Russia’s Sakhalin-2 project. The exemptions for oilfield services, including permits for oil shipment, will remain in effect until June 28, 2025.

The CPC pipeline stretches 1,500 kilometers, transporting more than two-thirds of Kazakhstan’s...

Masdar, a renewable energy company based in the United Arab Emirates (UAE), is set to construct a wind farm with an output capacity of one gigawatt in the Zhambyl region of Kazakhstan, as reported by the local administration.

«The governor of the Zhambyl region Yerbol Karashukeyev met with Masdar representatives. Yernur Jiyenbayev, Masdar project manager, reported on the provisional results, stating that the initial cost of the project is approximately $1.40 billion. Meanwhile, the company is conducting a geotechnical investigation on the site of the future wind farm. Construction of the major renewable energy source (RES...

Sanzhar Zharkeshov, CEO of QazaqGaz, a subsidiary of Samruk-Kazyna, recently met with Mohamed Al Aryani, executive vice president for international growth at the Abu Dhabi National Oil Company (ADNOC, the UAE), to discuss collaboration on geological exploration in Kazakhstan and Turkmenistan.

«Today in Abu Dhabi, we had a productive meeting with Mohamed Al Aryani, executive vice president for international growth at ADNOC. We discussed joint geological exploration projects in Kazakhstan and Turkmenistan. We see great potential for collaboration with ADNOC and are committed to leveraging this opportunity effectively,» Zharkeshov shared on Instagram.

Zharkeshov highlighted that...

Global Firepower, the prominent defense rating agency reviewing military power by countries, has ranked Kazakhstan 57th in its most recent annual military strength ranking. In 2025, Kazakhstan has moved up one spot, overtaking all the neighboring states in Central Asia.

Kazakhstan has achieved a PowerIndex score of 1.1016, whereas a 0.0000 score is considered «perfect.» The agency also provided a breakdown of key military aspects, ranking the country 14th in terms of the number of multiple launch rocket systems and 29th in terms of self-propelled artillery units. Other Central Asian countries — Uzbekistan, Turkmenistan, Kyrgyzstan and Tajikistan — were ranked...

Armenia’s government has no plans to withdraw from the Eurasian Economic Union (EEU) while simultaneously pursuing European Union (EU) membership, according to the country’s Minister of Economy Gevorg Papoyan, as reported by the Interfax news agency.

«Armenia is a member of the EEU, and withdrawal from the EEU is not currently on the agenda of the Armenian government,» Papoyan stated during a recent press conference.

He noted that discussions about EU membership are part of a «parallel agenda.» Armenia, he explained, seeks to become a country whose economic stability is interconnected with the economies of...

Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM) has revised the rules governing the investment of pension assets. The amended regulations are available on the Legalacts.egov.kz portal and open for public discussion until Jan. 16.

Currently, pension savings in Kazakhstan are managed by the National Bank and five private firms: Halyk Finance, Jusan Invest, Centras Securities, Halyk Global Markets and BCC Invest.

The updated rules introduce several types of investment portfolios for pension asset managers to offer, including:

–     Conservative portfolios.

–     Moderate portfolios.

–     Risky portfolios.

These changes expand the range of financial instruments available for...

Kazakhstan’s national oil company KazMunayGas (KMG) is set to explore the Mugodzhar site in the Aktobe region in cooperation with Shell and Chevron, as reported by KMG’s press service.   

Negotiations regarding the project took place in Astana during a meeting between KMG CEO Askhat Khassenov, Head of Shell Kazakhstan Ali Al Janabi and Dylan Morgan, deputy managing director of Chevron’s Eurasia Business Unit. The parties reached agreements on the utilization of geological data. According to KMG, these arrangements will allow for the use of seismic study results in planning collaborative exploration work.

«We are confident...

Multimillionaire, Forbes Kazakhstan rating newcomer and former Russian citizen — this is how one may describe Arsen Tomsky, the founder of international ride-hailing service inDrive. Thanks to this business, Tomsky possesses a fortune of $920 million. Initially established in Yakutia, Tomsky’s IT company evolved into a unicorn and was later relocated to Kazakhstan. Today, InDrive invests in Kazakhstani startups and spearheads non-profit initiatives to fight injustice. 

 Profile:

An oil tanker named after Kazakhstan’s former President Nursultan Nazarbayev and owned by the Russian company Rosneftflot has been included in the latest round of U.S. sanctions.

On Jan. 10, the U.S. Department of the Treasury announced a new wave of sanctions targeting Russia. The sanctions include Gazprom Neft and Surgutneftegas, two of Russia’s major oil and gas companies, as well as approximately 100 vessels associated with its largest shipping company Sovcomflot, along with Rosneft and Gazprom Neft.

Among the sanctioned vessels is a tanker named after Nursultan Nazarbayev, constructed at Russia’s Zvezda shipbuilding plant. The keel-laying ceremony took place...

The first phase of testing an innovative chemical substance designed in Hungary to save water in agriculture has been successfully completed in Kazakhstan. The tests were conducted by four research and development centers in collaboration with Kazakhstan’s Ministry of Water Resources and Irrigation. 

Kazakhstani scientists evaluated the substance’s ability to retain soil moisture and enhance crop yields under different climatic conditions. The results showed that water consumption on rice paddies decreased by 37%, requiring only 51 days for watering instead of 90. Similarly, water consumption for sugar beet and corn dropped by 23.9% and 28.7%, respectively.

According to Minister of...

According to the National Bank of Kazakhstan, the country’s external debt grew by 2.4% in the third quarter of 2024 ($3.9 billion) to $165.8 billion. The key creditors for Kazakhstan are the Netherlands, Russia and the U.K. It’s worth noting that Kazakhstan has managed to cut its debt to the first two countries. In Kazakhstan, debt owners are primarily companies from the mining sector.

Currently, the amount of debt to creditors from the Netherlands is $42.1 billion, which is a 0.5% decline compared to the second quarter of 2024 and 1.2% lower than in 2023.

The U.K. holds the second...

The Kremlin is reportedly considering deeper integration with Belarus, with plans to annex the country after the conclusion of the war in Ukraine, according to the Meduza news outlet, which cited a source close to the Putin administration.

«It could begin with the creation of shared government bodies, possibly elected through a dedicated campaign to highlight historic achievements, such as the unification of lands fragmented in the 1980s and 1990s, forming a new union of republics. This would be a major event and easily promotable,» the source told Meduza.

The source added that this strategy...

A Kazakhstani company has been sanctioned by Japan for alleged ties to Russia, as revealed during a recent meeting of the Japanese cabinet addressing the situation in Ukraine.

According to a report published on Nikkei.com on Jan. 10, Japan’s government approved a new package of sanctions against Russia in response to its invasion of Ukraine. These measures include a ban on the export of 335 items, such as engine parts and chemical substances, as well as the freezing of assets belonging to 11 Russian individuals, 29 companies and three banks.

The sanctions extended beyond Russia, with one Kazakhstani company added...

Freedom Financial Services Inc., a subsidiary of Freedom Holding Corp., is going to establish a new broker in Turkey. The company will be named Freedom Investment Securities Inc., as the local regulator has already approved the move.

According to the Turkish Capital Markets Association, there are over 70 brokerage companies in the country. Among the biggest are Yapi Kredi ($1.35 billion), Ak Investment ($539 million) and İş Investment ($469 million).

Both Freedom Holding Corp. and its CEO and founder, Timur Turlov, have frequently discussed entering foreign markets – first and foremost the UAE and Turkey. Turlov has also not ruled...

Between January and September 2024, the net inflow of foreign direct investment (FDI) into Kazakhstan’s economy plummeted 32.3 times year-on-year (YoY), dropping from $2.3 billion to just $72.9 million, according to data from the National Bank. This figure marks the lowest level recorded since the regulator began publishing data in 2005. Economist Galymzhan Aitkazin was the first to spotlight this alarming trend.

As defined by the International Monetary Fund (IMF), FDI involves an investor exercising control over a company in another country. Kazakhstan’s National Bank calculates FDI by including foreign ownership in company capital, reinvested earnings and debt instruments.

In...

The Bozzhyra tract won’t be added to the Ustyurt Nature Reserve, according to the administration of the Mangystau region. In 2021, when the media reported plans to build a hotel in the area, many public activists urged authorities to include Bozzhyra in the nature reserve.

That being said, Kazakhstani authorities plan to expand the reserve’s size by nearly 640,000 hectares. At the same time, the protected area, where no settlements or commercial activity are allowed, will reach 20,500 hectares.

The territories to be added to the nature reserve border Uzbekistan and Turkmenistan.

«Please note that the...