News

Russia has entered the top five countries for expected millionaire emigration in 2025, with 1,500 individuals projected to leave, collectively holding an estimated fortune of $14.7 billion, according to the Henley Private Wealth Migration Report 2025.

Ranked exactly fifth in terms of millionaire outflow, Russia follows:

Meanwhile, the United Arab Emirates, the U.S. and Italy are expected to see the highest net inflows of millionaires, with 9,800, 7,500 and 3,600 rich individuals arriving, respectively. These countries are attractive due to...

A video circulating on social media shows an international tourist sharing his experience at a mountaintop toilet near Almaty, Kazakhstan, remarkable not for its facilities, but for its view.

The small wooden structure, perched in the mountains, is notably missing a door.

«Here I am, hiking through the mountains just outside Almaty, and I find this toilet. But that’s not the most interesting thing, of course. The view is incredible. Look at this,» the tourist says in the video.

As he turns the camera to show what’s in front of him, the reason...

Kursiv Research has compiled a ranking of Kazakhstan’s largest renewable energy facilities by installed capacity in 2024. The analysis shows that Chinese investors are increasingly implementing projects in Kazakhstan independently. Previously, they participated primarily as technology suppliers for Kazakhstani businesses.

Who is building renewable energy facilities in Kazakhstan

The logic behind the ranking

Kazakhstan’s largest renewable energy projects

Sarkylmas Kuat 50 MW

Aisha Solar Farm +20 MW

Independent companies

International companies

Large businesses

Industrial enterprises

Who is building renewable energy facilities in Kazakhstan

Business leaders who have been actively...

Condor Energies Inc., a Canadian-based energy transition company, will build methanol and liquefied natural gas (LNG) plants in Kazakhstan. Once operational, the LNG plant will be the first of its kind in Central Asia, according to the administration of the Mangystau region.

The announcement followed a meeting on July 8 between Nurdaulet Kilybay, governor of the region, and Norman Storm, managing director of Condor Energies and CEO of Qazaq LNG.

During the meeting, the parties discussed ongoing investment projects in the Mangystau region, including an LNG plant with a planned capacity of 145,000 tons per year, to be built on...

Insurance companies will have the right to establish marketplaces on their own and acquire shares of IT companies, as reported by Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM).

Furthermore, insurance companies will be allowed to develop software aimed at automating insurance operations and expanding their own online services. The new rules will take effect within two months after June 30, when President Kassym-Jomart Tokayev signed the corresponding law.

In addition, insurance enterprises and holdings are now entitled to acquire shares and stock in IT companies.

«This will enable them to develop...

One of the stages of the Miss Almaty 2025 beauty pageant has concluded, where contenders for the title took on the role of chefs at a premium restaurant, guided by past winners. Kursiv LifeStyle describes how the high-heel cook-off unfolded.

The participants showcased their cooking skills at the recently opened Alcha, a Kazakh-Azeri cuisine restaurant. Aygerim Ormakhayeva, the restaurant’s manager, emphasized that the venue’s team wanted to contribute to the development of the creative industry and support young talent by hosting the contest.

«It’s actually quite nerve-wracking to host such events, especially since we just opened...

Chinese and South Korean companies may take over construction of three thermal power plants in Kazakhstan, replacing Russian contractors, according to Deputy Energy Minister Bakytzhan Ilyas.

Ilyas stated that Samruk-Energy, a state-owned company operating in Kazakhstan’s electric power sector, is currently in talks with potential contractors that can meet the country’s environmental standards and modern energy efficiency requirements.

«These could be energy companies from China or Korea. There are several options,» he said.

In April 2024, the governments of Kazakhstan and Russia signed an agreement to construct three thermal power plants in Kokshetau...

The American pop group Backstreet Boys has announced upcoming concerts in Almaty and Astana, marking their first-ever performances in Kazakhstan. According to the band’s official website, they will perform at Almaty’s Central Stadium on Sep. 19, 2025, and at Astana Arena on Sep. 21.

The concerts are part of a new tour by the legendary group, known for global hits such as «I Want It That Way,» «As Long As You Love Me» and «Everybody (Backstreet’s Back).»

Tickets are not yet available. Sales are scheduled to begin on July 14, though pricing and purchasing details have not been disclosed. Updates...

When visiting Almaty, Kazakhstan’s largest city and cultural heart, most nature-lovers are drawn to iconic landmarks like Sharyn Canyon, the Singing Dune, Lake Kaindy or the Kolsay Lakes. While breathtaking, these destinations can be over 200 kilometers away — often turning into full-day excursions with long drives.

But what if you could experience dramatic desert landscapes and a refreshing beach escape without spending hours on the road?

A desert-style escape near the city

Just about an hour and a half from Almaty lies an underrated local favorite: Dune Beach, located near the city of Qonaev on the shores of the...

Almaty has become an unusual filming site, with a Bollywood crew using the city as a stand-in for South Korea. Since the events of the movie take place in South Korean settings, Kazakhstan’s largest city has seen new Korea-style decorations pop up almost every week.

In late June, Kursiv.media noticed the Kazakh-British Technical University building being featured in the shoot. Locals have also spotted a «Korean» police department, with flags and shields featuring Korean-language writing — leaving their heads spinning, as it looked extremely authentic.

Last weekend, the Indian film crew reached the Arbat and Green Bazaar.

The market’s...

Kazakhstan’s Defense Ministry is joining the global race for artificial intelligence (AI) talent, with plans to launch a dedicated AI department, Deputy Defense Minister Darkhan Akhmediev announced recently.

AI division

In a post on Threads, Akhmediev said he is assembling a team for the ministry’s new AI directorate.

«Please reach out to me if there are suitable candidates. We can offer a decent salary, an impressive benefits package and exclusive military perks,» he wrote.

The post, published just hours earlier, quickly sparked interest among Kazakh social media users.

While some responded with enthusiasm, others...

In late June, Grand Games, a mobile game developer from Kazakhstan, acquired a 75% stake in Emenu, a food delivery service based in Karaganda. According to Roman Lineytsev, the 27-year-old founder of Grand Games, the goal is to expand Emenu into new cities and boost its nationwide presence, competing with international food delivery platforms.

Despite foreign players dominating Kazakhstan’s food delivery market, Lineytsev believes there’s room for local competitors. He noted that Kazakhstan has reached a level of technological maturity where local businesses can successfully compete with international services.

«The acquisition of Emenu is a strategic...

Kazakh superstar Dimash Qudaibergen, together with his parents, Kanat and Svetlana Aitbayev, has visited the Embassy of Kazakhstan in Hanoi, the capital of Vietnam, during his art trip to the country.   

According to the singer’s official website, Dimash planted a caimito — a symbolic tree that Vietnamese call a «star apple tree» — on the grounds of the embassy.

The ceremony took place in the embassy’s yard. A local tradition states that caimito symbolizes bounty and prosperity. It is often gifted for holidays and during significant life moments.

«This gesture is a symbol of friendship...

Kyrgyz President Sadyr Japarov has rejected proposals by some politicians to revise the status of the Russian language in Kyrgyzstan, stating in an interview with the Kabar news agency that he does not support such changes.

Official language

Japarov emphasized that Russian is designated as an official language in the country’s Constitution, and altering that provision would be a mistake.

«We have the Russian language enshrined in the Constitution as an official language,» he said. «It was for this support of the Russian language that Vladimir Vladimirovich [Putin] expressed his gratitude. It’s not the Russian...

Kazakhstan and other OPEC+ countries will increase oil production in August to help maintain market stability, the group announced. The increase is part of a phased rollback of voluntary production cuts.

The eight OPEC+ countries — Kazakhstan, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Algeria and Oman — agreed to adjust production levels in August 2025. The group plans to raise output by 548,000 barrels per day compared to July 2025 levels. The decision comes amid a stable global economic outlook and low oil inventories, signaling a healthy market, according to OPEC.

However, OPEC+ noted...

U.S. President Donald Trump has introduced a new 25% duty on goods imported from Kazakhstan. He notified his Kazakh counterpart President Kassym-Jomart Tokayev, about the move in an official letter, which he posted on Truth Social. The new tariff is expected to take effect on August 1.

In his letter, the U.S. president chose not to focus on the tightening of trade conditions (until now, a temporary 10% duty had been in effect for Kazakh goods), but rather emphasized the decision to continue trading with Kazakhstan — which Trump called «a great country» — despite the ongoing bilateral trade deficit...

Almaty may emerge as a new center for BYD electric bus production. The Chinese manufacturer is considering localizing its B12 electric model at Astana Motors’ facility located in the Turksib district, according to the city’s administration. The project was discussed during a meeting between Mayor Darkhan Satybaldy and Ivan Cao, general director of BYD Central Asia.

Localization is planned in several stages, with the initial phase involving semi-knocked-down assembly, and future phases expanding production to include welding, body painting and the manufacturing of select components.

The BYD B12 model features the Blade Battery system, which is integrated into the chassis...

A new uranium processing plant has been launched in the Sozak district of Kazakhstan’s Turkestan region, according to Kazatomprom, the country’s national nuclear company.

The plant is located at the South Tortkuduk deposit and is operated by KATCO, a Kazakh-French joint venture in which France’s Orano Mining holds a 51% stake and Kazatomprom owns the remaining 49%.

The opening ceremony was attended by Kazatomprom CEO Meirzhan Yussupov, Turkestan Region Governor Nuralkhan Kusherov, officials from Kazakhstan’s Agency for Atomic Energy, and executives from Orano Mining and KATCO.

The new facility has an annual uranium production capacity of 2,000 tons...

China’s Hunan Junxin Environmental Protection wants to build three waste-to-energy plants worth $600 million in Kazakhstan, as reported by Kazakh Invest.  

According to the company’s chair Dai Daoguo, the project goes beyond waste disposal and includes construction of green data centers powered by the energy generated from municipal solid waste incineration. Junxin also plans to set up personnel training centers and introduce intelligent waste management systems.   

«Our goal is not just to build plants but to implement an innovative approach to waste handling. We aim to bring technologies to Kazakhstan that integrate recycling...

The American exchange-traded fund First Trust Financials AlphaDEX (FXO) has added common shares of Freedom Holding Corp. (FRHC) to its index. As of now, FXO holds 185,000 FRHC shares, which make up 1.22% of the fund’s total portfolio.

FXO is a modified equal-weighted index that selects stocks from the Russell 1000, an index tracking the top-performing U.S. financial sector companies. The fund uses the AlphaDEX methodology to determine which securities to include.

FXO is traded on the NYSE Arca, a Chicago-based exchange operated by the New York Stock Exchange (NYSE). The fund is managed by First Trust, an American asset...

Kazakhs are not traditionally coffee drinkers — it’s simply not part of the national culture, said Kazakh historian and culinary researcher Aigerim Musagazhinova in a recent issue of Qalam History media project. However, a social shift toward embracing coffee as a daily staple appears to be brewing in Kazakhstan.

A nation of tea drinkers

«Kazakhs never consumed coffee,» Musagazhinova said. «Instead, they drank decaffeinated coffee alternatives — such as roasting and grinding the berries of the zhide (oleaster or silver berry) to make a natural ‘Americano zhide.’ Why not develop this tradition? We’re genetically predisposed...

The Park Live Almaty music fest has announced a new wave of artists. The lineup is now joined by the Indian metal band Bloodywood and the Mongolian rock band The Hu. Both groups will perform on Sept. 6 at the festival site on the bank of Pervomaisky Ponds.

Bloodywood is a metal band from New Delhi, whose music blends folk, nu metal and rapcore, accompanied by lyrics in multiple languages. The performers started with covers on YouTube and now take part in international festivals and release original albums — the latest, «Nu Delhi,» was released this year.

The Hu perform...

Silkroad Innovation Hub, in partnership with TechCrunch and Freedom Holding Corp., has announced the launch of the first-ever regional competitive selection for the finals of the TechCrunch Startup Battlefield pitch contest. The event is scheduled to be held within the largest technology conference TechCrunch Disrupt 2025 in San Francisco later this year.

Teams from Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkey and Uzbekistan are eligible to participate. At the national and regional selections, three startups will receive guaranteed spots in the finals, which will take place from Oct. 27 to 29 in California. Applications are open until July 15.

Contest...

Kazakhstan’s community has been actively discussing the recent ban on wearing face-covering garments, including niqabs — face veils worn by some Muslim women. The Spiritual Administration of Kazakhstan’s Muslims (SAKM) has backed the initiative, stating that the measures do not aim to confront religion but to maintain public safety.  

«This decision does not aim to limit religious commitment or personal preferences but is driven by the necessity to ensure public safety. Many countries worldwide, including Muslim-majority ones, also adopt such measures, citing security concerns,» the administration’s press service stated.

Notably, the statement also emphasizes...