News

One of Almaty’s oldest public markets, also promoted as a tourist attraction for experiencing Eastern bazaar vibes, is awaiting reconstruction. In late July, the Almatygenplan Research Institute — the organization responsible for the city’s development and management — announced that on May 23 the Almaty City Council had approved a project to renovate an important piece of the city’s aesthetics and history.

According to the architects’ design, the building will acquire a more modern look, with extended summer cafés and a promenade, while restoring the highlight of the original design — the fountains lost in «the wild 90s...

In a video the model published on Instagram, she walks through a shopping center in Bali. She enters a Uniqlo store and proudly shows an advertising banner with her face on it. The video also contains images from other stores of the brand all over the world with Mukhamedgalieva’s face.

«I can’t believe it,» Mukhamedgalieva wrote on Instagram.

Her followers shared the model’s enthusiasm, giving her hundreds of positive comments and congratulations.

Rosatom State Corporation CEO Alexey Likhachev stated that the 2024 referendum in Kazakhstan demonstrated overwhelming support for the construction of a nuclear power plant (NPP) in Ulken, noting that people shook his hand during his visit to the settlement. He made this statement in an interview with Akmaral Batalova.

«For me, it was a kind of public ceremony showing commitment to the people of Kazakhstan. That’s how high I would raise the bar. And the people who live in Ulken all came out, shook my hand, and said, ‘We are waiting for you.’ There was...

A 45-year-old Belgian man broke his leg while hiking at Molodezhny Pass and was unable to continue his climb or descend back to the city. His wife called Kazakhstan’s emergency hotline (112) for help.

According to the Ministry of Emergency Situations of Kazakhstan, professional rescuers from the Tuyuk-Su and Muztau checkpoints responded immediately.

It took them about three hours to reach the injured man. After providing first aid, they carefully carried him down the mountain along a trail, a process that lasted another five hours.

Once they reached the Medeo Dam, rescuers handed the tourist over to doctors from...

On 4-5 September 2025, one of the year`s most significant financial events – the 8th Astana Finance Days – will be held in the capital of Kazakhstan, under the auspices of the Astana International Forum (AIF). This year`s theme, “Where Capital Empowers the Future”, plays on the dual meaning of the word capital: referring both to Astana – Kazakhstan`s capital city and a rapidly developing financial hub bridging East and West – and to capital as a driving force for sustainable growth.

In an era of global competition for capital, the effective use of these resources is essential to overcoming...

Fall traditionally revives financial markets: the companies publish financial reports, investors revise their portfolios and stock prices gain fresh momentum. Analysts at Freedom Broker have highlighted key investment ideas for Kazakhstan and global markets.   

Kazakhstan’s market

One of the fall’s wild cards is the Kazakhstan Electricity Grid Operating Company (KEGOC). Following a tariff increase, the company reported growth in both revenue and profit, which could potentially lead to higher dividends.

Halyk Bank continues to hit new highs: investor interest in the bank’s securities remains strong, despite having recently cooled due to dividend payouts.

Kaspi.kz posted record-high interest income and...

There is a pharmacy in Uralsk that has been operating for almost 200 years and remains a popular destination for visitors. Curious about how the pharmacy has managed to stay afloat for so long, Kursiv LifeStyle prepared a short report about the building that reflects the history of the city in every corner.

Uralsk has long been a meeting point where Europe and Asia intersect. This is why many of its old buildings still preserve traces of history. One such monument, made of brick and mortar, is the oldest pharmacy in Kazakhstan that opened in the 19th century and is...

Kazakhstan’s aircraft fleet is set to receive 103 new planes by 2030. With these additions, the total number of aircraft in the country will exceed 200, according to Primeminister.kz.

The current fleet consists of 104 aircraft, including six new Airbus A320s and one Boeing 737 MAX 8, delivered in the first half of 2025.

«This year, 36 new international routes have been established and eight international air carriers have entered the market. The number of active domestic routes in the country now stands at 61, with 850 flights operated per week,» said Vice Minister of...

Tajikistan’s economy reported 8.1% growth over the first six months of 2025, supported by steady increases in industry and agriculture. The ongoing strengthening of the somoni — the national currency in Tajikistan — may widen the trade deficit but it is also boosting consumer demand.
 
GDP and its components
 
At the end of the first half of the year, Tajikistan’s Ministry of Economic Development and Trade reported GDP growth of 8.1%. «Despite global challenges, we have managed to ensure steady economic growth, proving that Tajikistan’s economy is capable of adapting to new conditions and sustaining a positive trend,» the agency said in...

Almaty has faced high levels of air pollution over the past 10 years. Monitoring data show that in nine out of 10 years between 2015 and 2024, the city’s air quality was assessed as «high» for pollution, except in 2017, when it was graded as «elevated.» In a separate assessment, on Jan. 14, IQAir, a Swiss company specializing in air quality monitoring and solutions, ranked Kazakhstan’s largest city at the top of its real-time list of the most polluted large cities in the world. More than 2.3 million residents breathe daily air containing amounts of toxic substances exceeding the...

World Folklore Day, observed annually on Aug. 22, celebrates oral traditions and communal practices — a body of expressive culture that forms the foundation of societies. It marks the anniversary of the 1846 publication in London of an article by British scholar William Thoms in The Athenaeum magazine, in which he used the word «folklore» for the first time.

Among folklore’s most enduring expressions are proverbs and idioms — short, memorable phrases that condense generations of experience, values and social norms into the distilled wisdom of a nation.

Based on personal experience and observation, I have explored the distinctive...

KazMunayGas (KMG), Kazakhstan’s national oil company, reported revenue of 4.5 trillion tenge for the first six months of 2025 (about $8.8 billion at the period’s average exchange rate), up 6.2% year-on-year (YoY). Growth was driven by higher processing volumes at KMG International refineries and the weakening of the tenge, which offset falling global oil prices and lower production at the Kashagan field, the company said in its financial results.

At the same time, the company’s net profit fell by 2.8% to 534 billion tenge ($1.04 billion), hit by lower oil prices, higher depreciation expenses, foreign exchange losses and the...

President of Kyrgyzstan Sadyr Japarov insists that American and British sanctions against two Kyrgyz financial institutions, Keremet Bank and Kapital Bank, are groundless and politically motivated. He made this statement in an interview with the Kabar news agency.

As Japarov noted, neither the U.S. nor the U.K. has provided any evidence of Kyrgyz banks’ involvement in circumventing sanctions against Russia. He also emphasized that there are 21 banks operating in the country, and to minimize risks for the national banking system, all ruble transactions are concentrated in two state banks – Keremet and Kapital. These banks, the president stressed, handle...

According to the Prosecutor General’s Office of Kazakhstan, the Chinese company International Castle, which planned to build a «City of Craftsmen» in the special economic zone (SEZ) Khorgos for 7 billion tenge ($13 million), faced mistreatment. As a result, the investor was unable to obtain registration in the SEZ once its contract expired.

Furthermore, because the customs procedure for importing construction materials was not completed, and the investor was later excluded from the official register of the SEZ, International Castle was charged additional customs duties of 1.4 billion tenge ($2.6 million). Prosecutors said the project was blocked.

However, after the...

One of China’s largest online marketplaces, JD.com, is set to launch in Kazakhstan with Kazakh- and Russian-language versions. The project will be implemented in partnership with Kazpost, the country’s national postal operator, the company told Kursiv.media in response to an inquiry.

For this purpose, Kazpost has registered the joint venture Qazpost-JD Tech Co. at the Astana International Financial Centre (AIFC). A pilot launch is scheduled for October, with a full rollout expected in the fourth quarter of the year.

Kazpost will handle the logistical and financial aspects of the service, while its Chinese partner — the state investment fund...

Russian businessman Oleg Deripaska, whose fortune is estimated by Forbes at $4.1 billion, commented on the latest estimates from the IMF. Earlier this year, the fund shared its forecast that Kazakhstan would surpass Russia in GDP per capita in 2025. As the tycoon wrote on Telegram, the news «didn’t come as a surprise.»

Deripaska identified the main drivers of Kazakhstan’s economic growth, crediting the country’s success to a proven set of measures, including strengthening property rights protection, actively attracting foreign investment, ensuring the rule of law, and combating corruption. He also pointed to the importance of the government gradually reducing...

FlyOne Asia, an Uzbek air carrier, plans to transform into a low-cost airline and begin flights to Central Asian countries by the end of 2025. This announcement was made by the company’s CEO Aziz Mukhamadaminov, in an interview with CentralAsia+ Aero.

FlyOne Asia was created in July 2025, when Uzbek Asia Union Airlines merged with the Moldovan aviation group FlyOne and was rebranded. (The company’s website still uses the old name.) As a result of the deal, the airline gained access to a common fleet of Airbus A320 and A321 aircraft, unified service standards and centralized maintenance.

Now, FlyOne Asia...

Kazakhstan’s Agency for Atomic Energy has responded to a proposal by marketing specialist Alimzhan Bissembayev to lease the name of the nuclear power plant (NPP) currently under construction to a large company similar to how the government sells «nice» license plates for cars. The initiative was perceived as «creative from a marketing perspective,» though unsuitable.

«The nuclear power plant is a facility of strategic importance for Kazakhstan. Its name should reflect historical, cultural and national values and symbolize trust and unity among citizens,» the agency emphasized.

Authorities also noted that, unlike commercial projects, nuclear...

A new article of the Criminal Code establishing liability for forced marriage has officially come into effect in Kazakhstan, the Prosecutor General’s Office reported.

Article 125-1 of the Criminal Code of the Republic of Kazakhstan was introduced as part of the implementation of the Law-and-Order Concept and the policy of zero tolerance for offenses. According to the supervisory authority, the law was signed by the head of state on July 16, 2025, as part of broader reforms to strengthen criminal legislation.

«According to family law, a marriage concluded under duress is recognized as invalid. Marriage is...

In July 2025, Kazakhstan produced 11,800 vehicles worth about $306.3 million, up 50.1% from a year earlier. Passenger cars drove the main growth, while truck production declined.

According to Kazakhstan’s Bureau of National Statistics, the country’s automotive industry continues to show steady growth: in July last year, output stood at 7,839 units worth about $187.4 million.

From January to July 2025, Kazakhstan produced 83,300 vehicles worth a total of $2.15 billion, a 16.7% increase year-on-year. Car production accounted for 40.7% of the total output in the country’s machine-building industry.

Production profile

Passenger cars traditionally make up the largest share...

Kazakhstan and Uzbekistan have agreed to develop joint response mechanisms for emergencies at nuclear power plants (NPPs). The countries also plan to monitor the nuclear and environmental situation in the region, as reported by Uzbekistan’s nuclear agency Uzatom.

The Kazakhstani delegation met with Uzbek officials on Aug. 18 at Uzatom headquarters. Kazakhstan was represented by Zhomart Aliyev, vice minister of ecology and natural resources, while the Uzbek delegation included managers and specialists from Uzatom, the Directorate for the Construction of Nuclear Power Plants as well as representatives of authorized ministries.

The parties discussed key areas of cooperation in the...

About 300 ethnic Kazakhs living in Pakistan have appealed to Kazakh authorities for help returning to their historical homeland. They claim that Pakistani authorities intend to deport them back to Afghanistan, from where they fled two years ago, according to ZTB.kz.

According to Khamit Zhorabay, the Kazakh community in Pakistan has already contacted the Ministry of Foreign Affairs of Kazakhstan, but has not received any assistance so far. Currently, about 40 Kazakh families with roughly 100 children live in Karachi. Their main challenge is the lack of official IDs. Without passports and birth certificates, children cannot attend school and adults...

Romanian company Rompetrol Rafinare reported a loss of $53.2 million in the first half of 2025, according to the company’s statement. Rompetrol is controlled by KazMunayGas (KMG), the national oil company of Kazakhstan, through its subsidiary KMG International N.V.

Given that the oil company’s loss decreased by 29% year-on-year (in the first half of 2024, it was $75.1 million), Rompetrol itself considers these results to reflect operational growth and an improvement in financial performance.

Rompetrol Rafinare’s gross turnover increased by 32% compared to the same period last year, reaching $2.8 billion. EBITDA (earnings before interest, taxes, depreciation and amortization) rose...

The pilot project to test ultra-fast 10G wired broadband internet has been launched in Astana. An agreement to launch the 10G internet pilot project was signed between the Astana city administration and Huawei Technologies Kazakhstan in June.

According to Astana authorities, the service can transfer data at speeds of up to 10 gigabits per second, enough to support 8K video streaming and cloud gaming.

The project is being implemented in partnership with Huawei Technologies Kazakhstan, Beeline and Astana Innovations, with the support of the capital city administration. The venue for the demonstration was provided by ForteBank.

At the presentation...