News

President of Kazakhstan Kassym-Jomart Tokayev has signed a law aimed at improving state policy in the field of physical culture and sports. From now on, the use of public funds or money from quasi-public sector entities to fund foreign athletes is prohibited by law, according to a statement released by the president’s official residence — the Akorda.

Under the new rules, state budget money will be used strictly in four areas: high-performance sports, state-owned sports organizations, sports for all and the development of sports infrastructure.

Moreover, a public agency authorized to supervise sports will receive the right to compile national...

Freedom Cloud, a subsidiary of Freedom Holding Corp., has signed a partnership agreement with Amazon Web Services (AWS), marking the first official collaboration between a local cloud provider and a global cloud technology leader in Central Asia, according to the company’s press service.

From now on, clients of Freedom Cloud — companies, startups or government agencies — will be granted access to all AWS features, from cloud computing and data storage to artificial intelligence (AI), machine learning (ML) services, DevOps automation and the world’s best security solutions. This means that businesses in Kazakhstan will be able to use the same...

In the first quarter of 2025, half of the 20 best-selling automobile brands in Kazakhstan were Chinese. Car sales are growing at a double-digit rate, and manufacturers from China account for an increasing number of new registrations, according to the latest statistics from the Kazakhstan Automobile Union (KAU).

Kazakhstan’s car market continues to gain momentum. According to KAU, 19,600 passenger cars and commercial vehicles were sold in March alone, marking a 23.4% year-on-year increase. In the first quarter overall, dealers sold 46,800 cars in total, which is 18.8% higher than the figure for the same period last year. Chinese cars...

Kazatomprom, the world’s largest uranium producer, has signed an agreement with ČEZ, a. s., a major energy company in the Czech Republic, to supply natural uranium concentrates over the next seven years. The official signing ceremony was held at the company’s headquarters in Prague.

Kazakhstan’s supplies will cover around one third of the needs of the Westinghouse-manufactured fuel assemblies used at the Temelín nuclear power plant in Czechia.

Commenting on the high-value deal, Kazatomprom described it as a big achievement that «marks a significant expansion of its presence in Europe and further strengthens its position in the global uranium market...

Foreign investors began pulling out of Kazakhstani securities after U.S. President Donald Trump announced new tariffs on imported goods from more than 180 countries, according to National Bank Chairman Timur Suleimenov. He addressed the issue during a press briefing on April 11, adding that the situation has since stabilized.

Suleimenov said major global players — including investment managers, pension funds and other institutional investors — are actively investing in Kazakhstan’s securities market, particularly bonds issued by the Ministry of Finance and quasi-public entities.

However, he noted that during times of global uncertainty, foreign investors typically shift their capital from emerging...

The Eurasian Development Bank (EDB) plans to invest more than $1 billion in the economy of Kazakhstan this year, according to Nikolai Podguzov, chairman of the bank’s management board. He made this statement during a meeting with President Kassym-Jomart Tokayev, as reported by the president’s press service.

Once secured, these funds will be used for:

There is a set of projects worth over $4.5 billion in total that...

BNK Finance Kazakhstan, a microfinance organization owned by investors from South Korea, may obtain a banking license as early as May, according to Madina Abylkassymova, Chair of the Agency for Regulation and Development of the Financial Market (ARDFM), who took part in a round table to discuss the new law on banks and banking activities.

«BNK Finance Kazakhstan is completing the preparation of all necessary organizational measures to obtain a license. We expect that they will be issued a banking license in May 2025,» Abylkassymova said.

KMF, another well-known MFO in Kazakhstan, also received permission...

Kazakhstan’s Anti-Corruption Agency (Antikor) has launched a website aimed at increasing transparency and citizen engagement in the fight against corruption.

The new portal allows users to take training courses on anti-corruption topics, test their knowledge and receive certificates. A survey is also available, the results of which will help assess and adjust current anti-corruption measures.

The site features the latest data from Transparency International and shows Kazakhstan’s ranking in the global Corruption Perceptions Index.

One key feature is Corruption Mapping, which identifies government agencies and positions most frequently facing corruption risks.

Additionally, a section for volunteers provides information about...

On April 14, Astana hosted a meeting of the governmental commission on the return of illegally acquired assets, chaired by Prime Minister Olzhas Bektenov. During the session, officials announced the total amount of assets already returned to the national budget.

According to the government, the commission has approved new agreements on the voluntary transfer of assets. As a result, the country’s special state fund will receive an additional $290 million. Moreover, individuals and entities affected by the asset recovery law have pledged to invest $10.5 billion into Kazakhstan’s economy.

So far, nearly $1.2 billion has been recovered and returned to...

In 2024, Kazakhstan’s exports of IT services more than doubled its imports, reaching $690.7 million, 2.1 times higher than the value of services purchased abroad, according to data from the Data Hub Telegram channel. For comparison, in 2023, exports exceeded imports by just 17%.

Russia contributed significantly to this growth, accounting for one-third of the annual increase in IT service exports — $54.5 million of the total $161.6 million growth. Russia’s overall share of Kazakhstan’s IT exports stood at 14% or $95.6 million.

Meanwhile, the U.S. share dropped sharply from 8% ($43.6 million) in 2023 to just 1% ($9.1 million...

In early April, Kazakh Invest and Polpharma Group signed a memorandum on the development of pharmaceutical manufacturing in Kazakhstan. In an interview with Kursiv.media, Markus Sieger, CEO of Polpharma Group, explained why this document is so important for both parties and what Polpharma Group aims to achieve in Kazakhstan.

– Polpharma Group has signed a new memorandum with Kazakh Invest. What are the main objectives of the document?

– First of all, we are very pleased that the government of Kazakhstan supports our intention to help patients within the country and across the Central Asian region. As you know, Polpharma...

In late January, Kazakhstan’s President Kassym-Jomart Tokayev called for the urgent creation of an international air hub, stating that the most decisive measures must be taken. Kursiv.media spoke with industry experts and airport stakeholders in Kazakhstan to understand how this vision might be implemented in practice.

Industry reactions to Tokayev’s directive.

What is an air hub and how can it be built?

How do air hubs operate in other countries?

The jet fuel problem.

Infrastructure limitations and lack of investment.

The cargo opportunity: untapped potential.

Reform is essential for a functional hub.

Kazakhstani police, in conjunction with their counterparts from Hamburg, Germany, have arrested a 58-year-old German citizen in Astana, who had been wanted by Interpol for large-scale fraud. The man was on the international wanted list after Hamburg authorities opened a criminal case against him. The suspect was apprehended during an operation called «Investigation,» as reported by Polisia.kz.

Furthermore, the operation led to the identification and detention of 284 people wanted for various crimes, including:

Additionally, 32 suspects were located outside the country...

Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM) is set to allow traditional banks to provide services under the Islamic window format. This is specified in a new draft law on banks and banking activities, which Dauren Salimbayev, director of the Department of Methodology and Prudential Regulation of Financial Organizations at the ARDFM, spoke about during roundtable discussions.

Under the new law, Islamic banking regulation in Kazakhstan will also apply to Islamic windows, which are services based on Islamic principles provided by a conventional bank. In addition, the regulation of banks carrying out Islamic transactions will take...

Turkish companies have expressed interest in participating in Kazakhstani projects related to construction, transport infrastructure and the production of medicine and food, as reported by Kazakhstan’s Ministry of Trade and Integration.

«Zhanel Kushukova, vice minister of Trade and Integration, held a series of meetings with Turkish government representatives and businesses aimed at developing bilateral trade and economic cooperation during her visit to Turkey… Turkish companies have expressed particular interest in projects related to construction, transport infrastructure and the production of medicine and food. In addition, Turkish IT and GPS service providers reported their readiness to cooperate...

Kazakhstan has become the only country in the Eurasian Economic Union (EEU) where the number of unemployed people has increased over the year, according to data from the Eurasian Economic Commission.

As of the end of February, more than 333,000 unemployed people were officially registered in Kazakhstan. This represents 3.5% of the total workforce in the country. Over the year, the figure increased by 27,000 people — from 306,000, or 3.2%.

In other EEU countries, the number of unemployed people has been decreasing. In Russia, 283,000 people are officially unemployed, or 0.4% of the total workforce. A year ago, their...

Kazakhstan bans the use of artificial intelligence (AI) technologies when working with dissertations referring to classified information and in research related to children, according to Adlet Toibayev, chairman of the Committee for Quality Assurance in Science and Higher Education.

The official explained that the restriction applies only to specific cases when the information security and psychological conditions of minors are in question.

«The use of AI is not allowed when working with the materials marked ‘For Official Use’ and in psychological and pedagogical experiments involving children,» Toibayev stated.

But at the same time, the Ministry...

Four Kazakhstanis who fell victim to human trafficking in Myanmar were returned to Kazakhstan, as reported by the Uzbek news agency Dunyo. According to open sources, they were forced to work in fraudulent call centers, and a large amount of money was demanded for their return.

«As a result of concerted actions and negotiations with the competent authorities of Myanmar and Thailand, citizens of Uzbekistan, Kazakhstan and Kyrgyzstan have been freed and handed over to diplomats of Uzbekistan and Kazakhstan at the Mae Sot (Thailand) border point, where they were provided with temporary accommodation and meals...

According to Freedom Holding Corp. (FRHC) CEO Timur Turlov, the holding’s subsidiary Freedom Telecom is actively expanding its presence in Shymkent, with total investment in the city amounting to $14.8 million. He made this statement during a meeting with President Kassym-Jomart Tokayev.

As the businessman noted, the company’s investments in the city’s infrastructure can be divided into four areas, one of which is public Wi-Fi, installed at 13 locations across Shymkent — including 10 parks — providing a total of 40 hotspots.

«We plan to install no fewer than 300 new hotspots in Shymkent in...

The National Bank of Kazakhstan has not sold gold from its gold and foreign currency reserves since Feb. 19, according to Chair Timur Suleimenov, who spoke to the press after the regulator announced its decision to keep the base rate unchanged.

«We have been purchasing gold as usual. This year, local factories will produce 67 tons of gold. Since the beginning of the year, we’ve sold just eight tons. Excluding this amount, we plan to continue buying and storing gold. We’re in accumulation mode,» he said.

The National Bank chair also revealed that the regulator...

Kazakhstan may rely on its National Fund and international reserves to withstand a potential global economic crisis, President Kassym-Jomart Tokayev said during an address to residents of Shymkent, where he is currently on a working visit.

Tokayev warned that the world is shifting toward a policy of aggressive tariff confrontation, which could spark more than just another recession.

«This is not just another recession. We’re facing the possibility of a severe crisis that could shake the foundations of the global economy and have dire consequences for the entire system of international relations,» he said.

Despite...

Kazakhstan’s National Bank has decided to keep the base rate unchanged at 16.5%, meeting experts’ and market players’ expectations during today’s monetary policy session.

According to the regulator, the move was justified as monthly dynamics have demonstrated the first signs of stabilization. In March, inflation slowed to 1.3% compared to 1.5% in February. The core inflation rate (0.9%) and the seasonally adjusted inflation rate (1%) show similar trends.

However, the current seasonally adjusted inflation is still accelerating. The rate has already reached 14.2% on an annual basis, the National Bank reported.

«This trend is supported by...

A growing number of Kazakhstanis want to work remotely, echoing global workforce trends. HeadHunter Central Asia, a leading online recruitment platform in the region, surveyed more than 900 job seekers and employers in Kazakhstan and found that 35% of respondents prefer working from home.

The research highlights that commuting has a direct impact on stress levels, well-being and productivity. Traffic congestion is associated with elevated blood pressure, and long commutes can negatively affect mental health, even contributing to depression.

Only 18% of respondents reported commuting less than 15 minutes on foot. For 34%, the commute takes 15 to 30 minutes...

Uzbekistan has joined the founding agreement of the Eurasian Development Bank (EDB) after President Shavkat Mirziyoyev signed the move into law, as reported by the EDB’s press service.

With this accession, Uzbekistan becomes the seventh participant of the bank and its third-largest shareholder, with a share of 10%. The country will now be a full-fledged participant in the EDB’s activities alongside Russia (44.8%), Kazakhstan (37.3%), Belarus (5.2%), Armenia (4.3%), Tajikistan (4.3%) and Kyrgyzstan (4.2%).

«The partnership offers new opportunities for the economic development of Uzbekistan and the entire region. The EDB will support Uzbekistan’s pursuit of...