News

On May 29, Russian President Vladimir Putin met with Kazakhstan’s Ex-President Nursultan Nazarbayev, as reported by Kremlin.ru.    

The website provided no details about the meeting apart from a few photographs.

The last meeting of Nazarbayev and Putin took place at the Russian president’s Novo-Ogaryovo residence in the Moscow region on Dec. 13, 2024. At the time, MP Samat Nurtaza expressed his concerns, commenting that such meetings make him «anxious.»

That meeting was also addressed by MPs Ermurat Bapi and Aidos Sarym, who stated it had nothing to do with a possible repetition of the January 2022 events.

Among other...

Foreign shareholders of Karachaganak Petroleum Operating B.V. (KPO) are reportedly unwilling to invest in the construction of a gas processing plant (GPP) with an annual capacity of 4 billion cubic meters at the Karachaganak field in the West Kazakhstan region.

The news was reported via the Energy Monitor Telegram channel, run by oil and gas expert Nurlan Zhumagulov. He cited sources familiar with the matter, whom he met on the sidelines of the Astana International Forum, currently underway in the capital.

«Unfortunately, several shareholders are not prepared to meet Kazakhstan’s request to increase commercial gas output...

President of Kazakhstan Kassym-Jomart Tokayev has explained why Kazakhstan hasn’t joined BRICS. In an interview with Al Jazeera, he claimed that he is highly pragmatic and that what he can see is no fixed structures within BRICS, no charter, no secretariat, no programs, and so on.

According to the president, the country has become an observer state in BRICS, and this is quite enough for now.

The Al Jazeera interviewer asked Tokayev whether he is worried that BRICS is not an effective organization, or whether he is worried that Kazakhstan might be seen as too close to some powers like...

According to Alexey Lee, the founder of the Kazakhstani online supermarket Arbuz.kz and CEO of Freedom Lifestyle Group, Freedom is testing drones designed to deliver various goods. On social media, he recently posted a video of an operator controlling a drone as it picked up cargo and flew it from one point to another.

Lee believes that the gap in delivery options between cities and villages is drastic. For instance, medicine delivery within the city is a matter of 20 minutes, whereas a villager must often travel tens of kilometers to the nearest pharmacy, frequently through challenging weather conditions and...

British pop icon Robbie Williams will headline the Park Live festival in Almaty on Sept. 4, organizers announced.

Park Live, the largest music festival in Central Asia, has confirmed Williams as the fourth headliner. He is set to perform on the opening day of the event, bringing his global hits to a Kazakhstani audience.

Williams is best known for chart-topping songs such as «Angels,» «Feel» and «Rock DJ.» In...

Banks from Southeast Asia and Eastern Europe are interested in entering the Kazakh market, according to Olzhas Kizatov, deputy chairman of the Agency for Regulation and Development of the Financial Market (ARDFM).

«There is a certain interest from banks in Southeast Asia and Eastern Europe. Unfortunately, I cannot reveal the names of these banks right now because they are in the process of examining the possibility of entering our banking market,” Kizatov said on the sidelines of the Senate, the upper house of parliament.

The official also noted that no final decisions have been made...

Kazakhstan intends to establish a special zone called CryptoCity, where cryptocurrency transactions will be allowed, President Kassym-Jomart Tokayev announced while delivering a speech during the Plenary Session of the Astana International Forum.

«We are planning to create a pioneering pilot zone called CryptoCity where cryptocurrencies might be used for purchasing goods, services and even beyond,» Tokayev said.

In late January, President Tokayev emphasized the need to develop infrastructure that enables the legal circulation of digital assets in Kazakhstan. Currently, the only way to conduct legal cryptocurrency transactions is through exchanges licensed by the Astana International...

Individuals from former President Nursultan Nazarbayev’s inner circle, who retain significant financial resources, pose a potential threat to national stability, warned Yerlan Sairov, a member of the Mazhilis, Kazakhstan’s lower house of parliament. He alleged that these «revanchists» could use illegally withdrawn funds to finance information attacks and destabilize the political system.

Allegations of a coup plot

Speaking at a recent parliamentary session, Sairov claimed that some individuals, while having lost political influence, still hold substantial economic capital.

«I even suspect that the $150 billion siphoned out of the country could return tomorrow to undermine our...

Qarmet has opened an office in Singapore as part of its strategy to enter international capital markets and expand its business in Asia, the company announced in a statement.

According to Qarmet, the modernization of its production facilities requires the adoption of a new business model and substantial investment.

“In this regard, the company announces the opening of a country office in Singapore, which marks a continuation of its international expansion policy and is the result of negotiations with potential partners from Southeast Asian countries,” the statement reads.

The new office will enable the company...

Kazakhstan’s renewable energy capacity could reach 19 gigawatts (GW) by 2030, representing at least 30% of the nation’s total generating capacity, according to Nabi Aitzhanov, CEO of the Kazakhstan Electricity Grid Operating Company (KEGOC). To support this expansion, the country would require a minimum of 3 GW of energy storage capacity.

«Kazakhstan has already issued technical specifications for renewable energy projects totaling 19 GW. These are projects that could be implemented by 2030,» Aitzhanov told reporters at a recent energy storage forum. «The preliminary volume we currently project for energy storage is 3 GW.»

The...

Kazakhstan’s National Bank has released the results of its latest macroeconomic survey conducted between May 14 and May 20 among representatives of analytical centers and financial organizations. Experts who participated in the survey have revised their expectations for several key economic indicators.

Inflation

The inflation forecast for late 2025 has been revised upward from 10.6% to 10.7%, and from 6.1% to 6.8% for 2027. These adjustments reflect rising inflation expectations and continued pressure on consumer prices. The inflation rate in April stood at 10.7%.

Base rate

Amid inflationary risks, analysts have adjusted their forecasts for the base rate upward...

Kazakhstan’s state-owned Samruk-Kazyna National Welfare Fund and the Rwanda Mines, Petroleum and Gas Board (RMB) have signed a cooperation agreement, as reported by the fund’s press service.

Under the agreement, Kazakhstan will acquire beryllium extracted in Rwanda to meet the needs of uranium giant Kazatomprom.

RMB is a Rwandan government agency that regulates and manages the production of oil, gas and other natural resources.

Furthermore, on May 28, President Kassym-Jomart Tokayev held talks with Rwandan President Paul Kagame, who arrived in Kazakhstan on an official visit. During the meeting, the two sides discussed logistics for delivering Kazakhstani agricultural products to...

Freedom Holding Corp. has announced that its shares will be included in the Russell 3000 stock market index, which tracks the performance of the largest American companies.

The stock will be added to the U.S. index on June 27, 2025, after market close. The Russell 3000 Index comprises more than 3,000 publicly traded companies, representing 98% of the U.S. equity market. According to Freedom Holding Corp., being included in such a benchmark reflects investor recognition and could attract interest from global investment funds such as the iShares Russell 3000 ETF (IWV) and the Vanguard Russell 3000 ETF (VTHR).

First Heartland Jusan Bank, operating under the Jusan Bank brand, has announced its rebranding, changing its name to Alatau City Bank. The decision was made during the annual general shareholders’ meeting held on May 15. The bank highlighted that the new name reflects its strategy and ambitions.

The name will be legally changed once state re-registration is completed. The company cited further development and modernization as the reasons for the move.

«Renaming the bank is more than just changing the signage. It reflects our strategy, ambitions and vision for the future development of the financial...

A hydrogen gas release caused a fire on May 26 at the Bolashak mine in Kazakhstan’s Aktobe region, forcing a suspension of operations. The mine is part of the Donskoy Ore Mining and Processing Plant, operated by Kazchrome, one of the country’s leading chromium ore producers and a major global supplier of ferroalloys.

Three on-duty electrical fitters suffered burns to their faces and hands. All three were hospitalized in Khromtau, with two in intensive care in serious condition, and the third in moderate condition in the trauma department, according to the Diapazon.kz news portal.

Kazakhstan’s Ministry of Emergency Situations reported...

Four women in Tajikistan have been detained on suspicion of providing magical services, according to the Asia-Plus news agency.

The arrests took place in the Khatlon region. The Ministry of Internal Affairs identified the suspects as:

The women are being charged under the Code of Administrative Offenses for witchcraft and fortune-telling. Their cases are expected to be sent to court, where they could face significant fines.

The ministry urged citizens not to consult fortune tellers and encouraged the public to...

Several media outlets in Georgia have reported that one of the most recognizable, although controversial, buildings in Tbilisi, the Music Theatre and Exhibition Hall designed by architect Massimiliano Fuksas, may be dismantled. The pipe-shaped structure is located in the capital’s Rhike Park.

The Italian architect completed the hall in 2012 under President Mikheil Saakashvili. As such, the building is widely associated with the previous Georgian administration. Although the complex was intended to become a center for contemporary art, it has never been used for its original purpose and has remained empty.

The «pipes» have changed hands multiple times since...

Kazakhstan’s Ministry of National Economy reported that the government failed to meet its 2024 national budget goals, particularly in reducing the non-oil deficit, which excludes revenues from the oil and gas sector. The ministry attributed the shortfall to unexpectedly high revenues from the oil export duty.

The government’s long-term fiscal strategy, outlined in its public finance management concept through 2030, targets a reduction of the non-oil deficit to 5% of GDP by the end of the decade. A milestone of 7.9% of GDP had been set for 2024, but the actual figure came in slightly higher, at 8% or roughly...

France and Kazakhstan have been implementing 10 joint projects with a total value of $1.1 billion, creating 2,000 new jobs. Six of these projects, worth $900 million, are already complete, according to Yersaiyn Nagaspayev, Kazakhstan’s minister of industry and construction, who spoke at the Kazakhstan-France business forum in Astana.

Counting already implemented projects, the minister mentioned Alstom’s locomotive production facility in Astana ($392 million); Schneider Electric’s pressure sensor production in the Atyrau region ($6.3 million); Vicat’s cement plant in the Zhambyl region ($467 million); Air Liquide’s compressed air and nitrogen facility in the Atyrau region ($16 million); Saint-Gobain’s building materials...

Minister of Industry and Construction of Kazakhstan Yersain Nagaspayev has offered French companies the opportunity to purchase critical minerals from Kazakhstan. The official made this proposal during the Kazakh-French business forum in Astana today.

«We already can supply 21 types of critical materials from the EU’s list of 34. Moreover, in the medium term, we can ensure supplies of the remaining 13 types. Kazakhstan is ready to serve as a reliable supplier of critical raw materials and to enter into offtake contracts [with producers] in exchange for stable supply commitments,» Nagaspayev said.

The minister also noted that Kazakhstan already has...

Kazakhstan will open a cultural center in Beijing, according to a decree recently signed by Prime Minister Olzhas Bektenov.

The plan to establish the center was first revealed last year when Kazakhstan’s Senate, the upper house of parliament, ratified agreements signed in 2023 with China to open cultural centers in both countries.

Kazakhstan’s Ministry of Culture and Information will oversee the new institution.

The center will feature a multifunctional hall for events and film concerts, a library, exhibition and multimedia spaces, and a dedicated tourism corner.

The Kazakh Cultural Center in Beijing will employ 13 people, three from Kazakhstan and...

Almaty and Astana have been recognized as the top cities in Central Asia, according to the 2025 Global Cities Index by Oxford Economics. On the global scale, the Kazakhstani metropolises outperformed Moscow. Meanwhile, New York was ranked number one in the world.

Specialists at Oxford Economics annually assess the world’s 1,000 largest cities using five criteria: economy, human capital, environment, governance and quality of life. Although the authors of the index admitted that evaluating cities’ challenges and prospects can be a complicated task due to structural differences of urban areas across regions, they maintain that the Global Cities Index...

On May 29, a new international tourist train will depart from Xi’an, China, to Almaty, Kazakhstan, arriving on May 31, according to Kazakhstan’s Tourism Industry Committee.

More than 250 passengers are expected on the inaugural journey, including not only tourists but also civil servants, researchers, physicians, athletes and Vice Mayor of Xi’an Xiao Qi. The group will stay in Almaty for five days, with the return trip scheduled for June 5.

A full itinerary has been prepared for the visitors, including attendance at the opening ceremony of Shaanxi-Almaty Week, participation in conferences and business meetings, and guided tours of Almaty’s...

Freedom Holding Corp. has taken first place among financial companies in the ranking of the most attractive employers in Kazakhstan, compiled by the recruiting company Ancor. The study covered 50 of the country’s largest companies.

First place across all sectors was taken by Tengizchevroil, the operator of the Tengiz oil field in the West Kazakhstan region. Almost 70% of the 1,700 respondents named TCO as attractive in terms of employment, while 35.14% said it is recognizable. Karachaganak Petroleum Operating (operator of the Karachaganak field), Kazatomprom, KazMunaiGas and ERG rounded out the top five employers.

Freedom Holding Corp. (FRHC) ranked 15th...