News

Karim Massimov, the former head of Kazakhstan’s National Security Committee (KNB) and a two-time prime minister (2007–2012, 2014–2016), has been accused of spending $200,000 on a Russian astrologer, according to a new investigation by the nonprofit Freedom for Eurasia, as reported by The Telegraph.

The report entitled «Napoleon Complex» alleges that Massimov used illicit funds to finance luxury vacations, purchase £100,000 worth of Napoleon Bonaparte’s letters and consult an astrologer.

The report’s authors acknowledge that the legal case against Massimov — charged with high treason and sentenced to 18 years in prison following unrest in Kazakhstan in January...

Andrey Shin, founder and owner of the popular Kazakhstani ice cream brand Shin-Line, has begun construction of a 200-bed hospital near Almaty along with his partner from South Korea, according to Forbes Kazakhstan. Shin’s deputy, Damir Digay, confirmed this in a conversation with Kursiv.media.

The project, dubbed SLG-Hyundae, was officially established as SLG Hyundae Medical LLP, with South Korea’s Hyundae Hospital General Director Kim Boo-seop holding 51% of the shares and Shin’s sister, Veronika, owning 49%.

Kim is the founder of the Hyundae clinic chain, which operates several hospitals with more than 1,000 beds in South Korea, as well as...

Kazakhstan’s government has introduced new pricing rules that cap discounts on the purchase of key nuclear materials at 15%. The regulation applies to uranium hexafluoride — produced by converting uranium oxide, a finished product of Kazakhstan’s uranium industry — and enriched uranium products.

Under the new rules, the government will allow discounts of up to 15% when purchasing these materials. However, purchases related to international projects involving the Ulba Metallurgical Plant and transactions with the International Atomic Energy Agency (IAEA) are automatically considered market-based, regardless of how they align with the discount formula.

«The government of...

President Shavkat Mirziyoyev of Uzbekistan has signed a decree amending national legislation in a bid to accelerate the country’s accession to the World Trade Organization (WTO), as reported by the Uzbek Ministry of Justice.

Under the new law, all exclusive rights that state-owned enterprises once relied on have been lifted. Furthermore, the law requires Uzbek standards for home appliance energy efficiency to be aligned with international standards.

The country will also introduce a procedure for declaring the conformity of agricultural products. Uzbekistan intends to join the WTO next year. The country’s authorities have already held talks with key members of...

Starting May 1, 2025, a fourfold increase in recycling fees for electric cars took effect in Uzbekistan. The new rule, however, applies only to vehicles brought from abroad. Car importers haven’t even tried to hide their dissatisfaction, as they now are forced to pay $3,500 to $6,200 per vehicle in extra costs, as reported by Kun.uz.

How tariffs have changed

Under the new rules, the registration of an imported electric car under three years old now costs approximately $3,500, compared to around $900 before the amendments. For older models, the recycling fee has risen to roughly $6,100.

Earlier this year...

Kazakhstan is going to focus on value-added product exports, as Minister of Trade and Integration Arman Shakkaliyev said during a Taldau Talks podcast.

«When you export your products, you have to gain a high profit. Competition in the market is becoming more intense. Unfortunately, the share of the non-commodity sector is still small. Ten years ago, we had a 70/30 ratio, now it is 65/35. This is not a big change. We have to pursue better results,» the minister emphasized.

According to Shakkaliyev, there are more than 80 export-oriented companies in Kazakhstan that already sell...

1Fit, a Kazakhstani startup that offered fitness services under a «membership for all kinds of sports» model in Mexico, has announced the termination of its operations in the country, citing a combination of financial difficulties and security risks to employees.

The project was launched in Mexico last August, covering the cities of Guadalajara, Mexico City and Querétaro. However, in late April, the startup unexpectedly ceased operations and relocated its team back to Kazakhstan.

Threats to employees and financial difficulties

According to El Financiero, a Mexican media outlet focused on finance and politics, 1Fit left the country’s market without prior notification...

A 20-year-old Sudanese man named Amir has been trapped in the transit zone of Almaty International Airport after a failed attempt to fly to Rwanda, according to the Kazakhstan International Bureau for Human Rights (KIBHR). His ordeal mirrors the plot of «The Terminal,» the 2004 film starring Tom Hanks as a man stranded in an airport due to geopolitical complications.

Amir arrived in Almaty in 2023 to study at a university. But soon after, conflict erupted in Sudan between government forces and armed groups. The capital city of Khartoum, Amir’s hometown, fell to militants. His house was destroyed and his...

According to the Kazakh Ministry of Water Resources and Irrigation, the Kapchagay water reservoir has brimmed to 100% for the second year in a row, thanks to bilateral arrangements between Kazakhstan and China.

Currently, the body of water holds about 18.5 billion cubic meters, which is enough to provide farmers in the Almaty region with irrigation water.

The Kapchagay water reservoir was built on the Ili River, which flows from China. The river plays a crucial role in supporting the ecosystem of Lake Balkhash. Thanks to the abundant inflow of water, the lake’s level has risen by 12 centimeters over...

Kazakhstani service members will participate in a military parade in Moscow marking the 80th anniversary of Victory Day, according to Kazakhstan’s Ministry of Defense. President Kassym-Jomart Tokayev is expected to observe them from the podium on Red Square.

Troops from the 37th Panfilov Air Assault Brigade will march in Moscow’s Red Square on May 9.

The service members have already arrived in Russia. During their visit, they toured the Panfilov’s Guardsmen Museum in Volokolamsk and traveled to the village of Nelidovo, where they commemorated fallen soldiers buried in a mass grave. The memorial honors a Red Army infantry unit named...

Kazakhstan ranked 141st in the World Press Freedom Index, while neighboring Kyrgyzstan has slipped to the 144th spot, as reported by Reporters Without Borders.

This means that Kazakhstan has moved up by one notch this year compared to 2024, while Kyrgyzstan has plunged by 24 notches year over year.

However, all five Central Asian states are marked in red on the map, meaning that the situation with press freedom is quite serious there. Among other states in red are Belarus (166), Azerbaijan (167), Russia (171), Afghanistan (175), Iran (176) and China (178). All in all, 90 out of...

In Q1, Kazakhstan’s largest airline Air Astana, along with its low-cost subsidiary FlyArystan, reported a 10.4% year-on-year increase in consolidated revenue, reaching $292.4 million, according to the company’s financial statements.

EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization and Rent) rose 37.1% to $59.9 million, with the margin (EBITDAR-to-revenue ratio) increasing by four percentage points (p.p.) to 20.5%.

Available seat kilometers rose 13.5% to 4.7 billion, while revenue passenger kilometers (the number of transported passengers multiplied by the distance traveled by each passenger) increased by 13.9% to 3.8 billion. The total number of passengers carried increased by 7.1% to 2 million...

Annual inflation in Kazakhstan accelerated to 10.7% at the end of April (up from 10% in March), as reported by the Bureau of National Statistics.

In contrast, consumer prices slowed month-on-month, easing from 1.3% in March to 1.2% in April. Services reported the highest price increase at 15.7%, while prices for food and non-food goods rose by 8.5% and 8.9%, respectively.

The cold-water tariff rose by 89.1% over the year, jewelry and watches by 27.7%, and potatoes by 79%. Prices also surged for vacations at Kazakhstani resorts (70.1%), mobile operator services (15.8%), passenger cars (27.1%), onions (63.8%), cabbage (46.8%) and...

Kazakhstan has resumed wheat exports to Morocco for the first time since 2008, according to a statement from Kazakhstan Temir Zholy (KTZ), the national railway operator.

Kazakhstan began exporting wheat to Morocco in 2004. It shipped 10,000 tons in 2006, 11,000 tons in 2007 and 40,000 tons in 2008 before shipments halted. In 2025, exports to the North African country have resumed, with 83,532 tons delivered so far.

The initial shipment was dispatched from the Zhana-Esil station in the Akmola region and the Sarykol station in the Kostanay region. The grain, loaded onto 105 railcars, will be transported through Latvia...

Azerbaijan-based ADO-G, a group of companies specializing in various types of construction, and the Azerbaijani Zira Port on the Caspian Sea have proposed establishing an underground water transfer system to connect the Caspian and the Black Seas, as reported by Minval.az.

According to the project supervisor, ADO-G CEO Musa Suleymanov, the tunnel would have a 10-meter diameter and would pass through either Georgia or Russia, with the goal of halting the shallowing of the Caspian Sea by utilizing the water level difference between the two bodies of water.

ADO-G expressed its readiness to develop the feasibility study and attract resources...

The Freedom Holding Corp. Kazakhstan Manufacturing PMI® (Purchasing Managers’ Index™) remained above the 50.0 no-change mark for the fourteenth consecutive month in April, signaling a sustained period of strengthening business conditions. That said, at 51.2, the latest reading was down from 52.7 in March, marking the lowest point in the current sequence of improvement. The sector’s health strengthened slightly at the start of the second quarter.

According to Yerlan Abdikarimov, head of the Financial Analysis Department at Freedom Finance Global PLC (a 100% subsidiary of Freedom Holding Corp.), business activity in the manufacturing sector remains in the optimistic zone, although...

Kazakhstan is seeing a surge in visitors from Gulf countries, with tourists from the United Arab Emirates (UAE), Saudi Arabia, Qatar and Bahrain traveling more frequently than ever. According to Kazakhstan’s Ministry of Tourism and Sports, citing data from the National Security Committee’s (KNB) Border Service, the number of Arab tourists rose by 62% in 2024.

In 2023, Oman led the way with 15,000 tourists visiting Kazakhstan. The UAE followed with 14,700 visitors, while more than 9,000 came from Saudi Arabia. Arrivals from Qatar and Bahrain also saw notable increases.

Why is Kazakhstan so popular?

The Ministry of Tourism and...

Kazakhstan’s lower house of parliament, the Mazhilis, has adopted in the first reading a draft law on endowment funds, establishing a legal framework for their operation.

According to the draft law, an endowment fund is a non-profit organization that manages assets transferred to it. These assets may include money, securities, real estate and intellectual property contributed by individuals and legal entities.

The profit generated from the investment of assets transferred to such funds is used to finance charitable and social programs related to education, science, healthcare, mass participation sports, social protection and innovation. The core capital of these funds is...

Members of Kazakhstan’s Senate, the upper house of parliament, are urging the government to officially recognize digital professions such as social media marketing (SMM) specialists, targeting experts (also known as targetologists), content creators and other tech-related roles. The move aims to reduce the shadow economy, extend social protections to workers and enable universities to offer formal training programs.

The request was addressed to Prime Minister Olzhas Bektenov and voiced by Senator Aigul Kapbarova.

Kapbarova criticized the country’s official job classification system for excluding many in-demand modern professions. She said that roles such as SMM managers, targetologists, content creators, developer operations...

Kazakh cuisine has been recognized as one of the best in the world, according to the TasteAtlas gastronomic guide. Kazakhstan ranked No. 94 out of 100, with dishes such as shujyq, samsa and beshbarmak earning the highest ratings.

The ranking is based on nearly 500,000 ratings from amateur food lovers and culinary experts. Reviewers evaluated almost 16,000 dishes from across the globe. Kazakh cuisine received an average score of 3.9. In the previous edition, Kazakhstan held the 90th spot with the same rating. No other Central Asian countries made the list this year.

Kazakhstan’s most delicious dishes

Experts highlight...

Kazakhstan’s latest macroeconomic review by analysts at the Applied Economics Research Centre (AERC) has amended the tenge exchange rate forecast to reflect its greater devaluation. In 2025, the exchange rate is expected to stand at 512.8 tenge per dollar on average, whereas the previous outlook from January suggested a rate of 489.5 tenge per dollar.

The review states that the forecast has been drawn up considering the downward trend in oil prices. The Brent crude average annual price is anticipated to stand at $74.60 per barrel, compared to the January forecast projecting $81 per barrel.

«The...

Limp Bizkit, one of the most iconic bands in modern alternative rock, will perform their second solo concert in Almaty on Aug. 15, 2025.

The show will take place at Spartak Stadium in Central Recreation Park. Discounted tickets are now available. The band last visited Almaty in November 2015, nearly a decade ago.

Limp Bizkit rose to fame in the late 1990s with a distinctive sound blending nu-metal, rap and hard rock. Known for their high-energy and theatrical live performances, the band has been nominated for three Grammy Awards and has sold more than 40 million albums worldwide.

Halyk, Kaspi, Forte, Bank CenterCredit (BCC) and Jusan reported the highest net revenue in March, according to data from the National Bank of Kazakhstan.

Halyk Bank, the largest bank in Kazakhstan by assets, boosted its net revenue in March by $161.3 million to reach $481.6 million. Kaspi ranked second with a $83.6 million increase. Over the first three months of the year, its total revenue reached $249.8 million. Forte came in third with $46.7 million in March and $101.7 million for the first quarter.

BCC posted $45.9 million in net revenue for March, with a quarterly total of $152.8 million...

For years, the U.S. has ranked among the largest investors in Kazakhstan. But in 2023, foreign direct investment (FDI) from the U.S. dropped by nearly 80%. In 2024, the country recorded a net outflow of $870 million in U.S. investment, the first such outflow since data tracking began in 2005, according to Freedom Finance Global analyst Ansar Abuyev.

Data from Kazakhstan’s National Bank shows that over the past five years, the Netherlands has been the leading source of FDI, contributing $30.3 billion. Russia ranks second with $11.7 billion, followed by the U.S. with $10.3 billion.

The Netherlands’ leading role...