News

Kursiv.media compared five-night stays at Rixos resort hotels in Egypt, Turkey and Kazakhstan, finding that Rixos Water World Aktau is, on average, 36% cheaper than similar Rixos hotels in Turkey and 20% cheaper than those in Egypt.

The comparison was based on bookings for two adults from Aug. 1 to 6, 2025, in a standard room with a king-size bed, garden or mountain view, and all-inclusive meals.

Kazakhstan

Rixos Water World Aktau
Located 48 kilometers from Aktau Airport, this resort features a water park, swimming pool, fitness center, spa, hammam steam room, tennis courts and a kids’ club. Guests can...

Asia is increasingly emerging as a key force in the global economy and political landscape. The meeting of the Experts Club under the Senate focused on the prospects of the «Asian Century» and the role of middle powers amid the ongoing global crisis.

The event was attended by Senate Speaker Maulen Ashimbayev, Professor Kishore Mahbubani — a renowned Singaporean diplomat — and Timur Turlov, a Kazakhstani businessman and CEO of Freedom Holding Corp.

«This meeting takes place against the backdrop of a global security crisis and rising geopolitical tensions. Previous models of cooperation have become outdated...

In the first quarter of 2025, Kazakhstan’s oil exports dropped more than 20%, driving a 12% decline year-on-year in the country’s total exports. Copper cathode exports also fell 15%. As a result, Kazakhstan’s exports to its three main markets — the European Union, China and Russia — have declined.

Kazakhstan’s oil exports

Kazakhstan’s top 10 export items, excluding oil

Kazakhstan’s top 10 fast-growing export items

Kazakhstan’s major export destinations

Kazakhstan’s oil exports

In the first quarter (Q1) of 2025, Kazakhstan’s total exports fell by $2.2 billion to $16.4 billion, an 11.9% decrease year-on-year (YoY). The...

According to the latest pension index, published annually by the prominent insurance company Allianz, Kazakhstan was ranked 26th out of 71 countries, with a grade of 3.5. This marks a significant improvement since 2023, as the country climbed eight positions. This year, Kazakhstan outperformed Slovakia, Indonesia, Cyprus, Malta, Austria, Singapore and China, but fell behind Greece, South Korea and Finland. The top three leaders are Denmark, the Netherlands and Sweden.

The index’s authors considered several parameters divided into three sub-indexes: starting points, sustainability and adequacy. Adequacy refers to the ability of pension benefits to cover basic human needs, the...

According to Yersain Nagaspayev, Kazakhstan’s minister of industry and construction, the new PepsiCo plant will be located in a special economic zone offering tax benefits.

When asked about state support for the chip plant, which PepsiCo plans to build in the Almaty region, the minister said the launch of such a large investment project is a positive development for the country.

«The goal of investment projects is to ensure that capable and reputable companies enter Kazakhstan’s market. The PepsiCo project is being managed by the Ministry of Agriculture. On our side, I’d like to note that...

According to Kazakhstan’s Nuclear Energy Agency, Kazakhstan is ready to cooperate with China regarding the country’s first nuclear power plant (NPP) construction.

«Almassadam Satkaliyev, chair of Kazakhstan’s Nuclear Energy Agency, held talks with Dong Baotong, China’s vice minister of ecology and environment and head of the National Nuclear Safety Administration… The sides emphasized possible cooperation in NPP project implementation, development of the nuclear fuel cycle and enhancement of scientific and technical infrastructure. The Kazakh side expressed its interest in studying Chinese expertise in nuclear, water and environmental safety across all stages of NPP implementation,» the agency...

A Nordwind Airlines plane made an emergency landing in Aktobe after a passenger died on board.

The flight was en route from Yekaterinburg to Sochi when one of the passengers became ill. The cause of death remains unknown.

According to Dastan Maliyev, head of Aktobe International Airport named after Aliya Moldagulova JSC, the aircraft will resume its flight once arrangements are made to transport the deceased passenger’s body.

«The passengers were not allowed off the plane — everyone is still inside,» Maliyev said.

Nordwind Airlines is a Russian carrier founded in 2008.

In...

On May 26, 2025, the long-awaited fan meeting of Dimash Kudaibergen, titled D&Dears, took place at Almaty Arena. The venue accommodated about 8,000 spectators and was completely packed, with not a single empty seat in the hall. Kursiv LifeStyle shares its impressions of the event.

Fans from around the world attended the concert — from the U.S., Spain, Chile, Russia, France and dozens of other countries — united by one thing: to see and hear their favorite singer.

One of the most touching moments of the evening came when Dimash made a phone call from the stage to legendary Kazakh...

David Brown, a British citizen, has rejoined the board of directors of Bereke Bank, which he left at the beginning of the year, according to a statement from the Kazakhstan Stock Exchange (KASE) available on its website. The governing body of the credit institution, which was sold to the Qatari Lesha Bank last year, consists of four members.

Brown first joined the board of directors of Bereke Bank in December 2024, shortly after the sale of the credit institution from state-owned Baiterek Holding to Lesha Bank, an investment bank based in Qatar. However, in April, he was removed from the...

According to the Ministry of Economy of Kazakhstan, the government will allocate 8 trillion tenge (around $15.7 billion) for the development of the real economy. These funds will be used to launch and develop new enterprises in the mining and chemical industries, with the state-owned Baiterek National Managing Holding JSC designated as the operator of the project.

The bulk of the investment will be provided through the Development Bank of Kazakhstan (DBK), which is part of the Baiterek holding. In 2025, DBK plans to approve transport projects worth 500 billion tenge ($982 million). These funds will be used to finance...

The OpenAI company, the creator of the ChatGPT chatbot, has been officially registered as a VAT payer in Kazakhstan, according to the State Revenue Committee (SRC) of the Ministry of Finance of the Republic of Kazakhstan.

As the SRC noted, it is actively working to ensure transparency and fair taxation in the digital economy.

«From now on, ChatGPT will pay VAT for services provided to individuals in Kazakhstan following local tax legislation,» the agency said in a statement.

Since 2022, the country has been successfully implementing a tax on digital services, known as the «Google...

According to the Tourism Industry Committee under the Ministry of Tourism and Sports of Kazakhstan, the Almaty Mountain Cluster (AMC) is expected to become the largest year-round tourism project in Central Asia by 2029.

On May 23, Prime Minister Olzhas Bektenov was shown the project development plan. He also took a helicopter tour of the AMC, accompanied by business representatives.

Among the presenters of the AMC development plan were:

KazMunayGas (KMG), Kazakhstan’s national oil company, sold a 60% stake in its subsidiary Polymer Production to Russia’s Sibur Holding for 1.18 billion tenge ($2.3 million), according to the company’s Q1 2025 report. The deal was arranged on March 17.

Polymer Production is the first major enterprise in Kazakhstan and Central Asia specializing in the production of polypropylene bags and film. It has been operating in the Atyrau region since 2012.

Until December 2023, Polymer Production was controlled by Samruk-Kazyna Ondeu, a subsidiary of the Samruk-Kazyna holding and the managing company of the SEZ Chemical Park Taraz. The 100% stake in...

According to the latest report from Kazakhstan’s National Bank, the deposit volume increased by 2% in April, reaching 41.3 trillion tenge (approximately $81 billion) in the country. The upward trend was observed in deposits denominated in both national and foreign currencies.

Despite the base rate remaining unchanged in April at 16.5%, following a 1.25 percentage point (p.p.) increase in March, the deposit volume rose by 833 billion tenge (approximately $1.6 billion) to 41.3 trillion tenge (around $81 billion) over the month, setting a new record in nominal terms (inflation excluded). The previous record was set in...

Demand for mortgages is decreasing in Kazakhstan. Bank representatives believe this is due to rising housing prices, as developers anticipate the introduction of a new tax code. Starting in 2026, construction companies will lose their current tax benefits and will be required to pay 16% VAT on each apartment sold.

In the first quarter of 2025, banks received 241,000 mortgage applications. The average loan amount fell by 7% to 16.6 million tenge ($32,596), while the approval rate declined by 7 percentage points to 24%, according to a survey of 19 Kazakhstani banks.

«As banks noted, the...

KazMunayGas (KMG), Kazakhstan’s national oil and gas company, reported a net profit of 193 billion tenge ($377 million) in Q1 2025, marking a 36% year-on-year (YoY) decline, according to the company’s latest financial report.

«The decline in net profit was primarily due to a reduction in other finance income, higher depreciation expenses, as well as foreign exchange losses, and impairment of property, plant and equipment and exploration expenses,» KMG said in the document.

Adjusted net profit — which factors in dividends from joint ventures while excluding their share of profit...

Kazakhstan is expected to emerge as the regional leader in Islamic finance, according to a recent report by the Eurasian Development Bank (EDB). The report, developed in collaboration with the Islamic Development Bank, forecasts that Kazakhstan’s Islamic banking sector will grow to $3.3 billion by 2033.

EDB’s analysts are optimistic about the potential for Islamic finance across Central Asia, even though the sector remains relatively small. As of 2023, Islamic finance in the region totaled just $699 million. However, it is projected to more than double to $2 billion by 2028 and to reach $6.3 billion by 2033. The sukuk...

In 2024, gold producer Zhaltyrbulak, co-owned by Gulnar Dossayeva, wife of former Almaty mayor Yerbolat Dossayev, reported $2.8 million in net profit, following a $2.3 million loss in 2023, according to the company’s consolidated report published on the Kazakhstan Stock Exchange website.

The company was founded in 2015 and holds a gold production contract for the Zhaltyrbulak gold mine in the Karaganda region.

Zhaltyrbulak also manages Altyntas Holding, which controls Vasilkovsky MMC and Boke. The latter is involved in gold exploration and production at several sites within the Boko-Vasilkovsky deposit in the East Kazakhstan region. In 2024, Vasilkovsky MMC completed...

Kazakhstan will need to construct new power transmission infrastructure to support electricity distribution from its first nuclear power plant (NPP), a 2.4-gigawatt (GW) facility planned for the village of Ulken in the Zhambyl district of the Almaty region. The plant is slated to come online by 2035, according to Nabi Aitzhanov, CEO of Kazakhstan Electricity Grid Operating Company (KEGOC).

«In terms of activities related to the construction of the NPP, we have a project designed for the village of Ulken in the Almaty region,» Aitzhanov said during a meeting of Samruk-Kazyna’s public council. «Under this project...

According to Deputy Prime Minister of Kazakhstan Yermek Kosherbayev, Kazakh Sign Language (KSL) is likely to receive official recognition. The cabinet is already examining international experience and shaping decisions aimed at improving the lives of people with hearing impairments.   

Kazakhstan is currently working on establishing an accessible environment for people with hearing loss. Children with hearing impairments are taught fingerspelling and supported with specially designed handbooks, dictionaries and study guides, while 17 higher education institutions train teachers of the deaf. In addition, the e-Ymdau teaching software, which serves as an interactive video dictionary, is used in special schools.

Moreover...

President of Kazakhstan Kassym-Jomart Tokayev has appointed Darkhan Satubaldy as the new akim (mayor) of Almaty, the country’s largest city.

«To appoint Satybaldy Darkhan Amangeldyuly as akim of Almaty, relieving him of his previous position,» the president’s edict reads.

Before this appointment, the president dismissed Yerbolat Dossayev from the position of akim. Dossayev had served in the role since Jan. 31, 2022, succeeding Bakytzhan Sagintayev.

Satubaldy was born in 1974 in the Turkestan region (then known as the South Kazakhstan region). In 2022, he was appointed akim of the Turkestan region. On Jan...

Seven Kazakhstani students studying at Harvard University face uncertainty after the Trump administration decided to revoke the university’s right to offer educational services to international students. All seven are studying in the U.S. under the Bolashak International Scholarship, a state program in Kazakhstan that enables talented students to study abroad, according to Olzhas Berkinbayev, a press secretary at Kazakhstan’s Ministry of Science and Higher Education.

«As of today, seven people are studying at Harvard through the Bolashak program. We have no information on students studying under other scholarships or at their own expense. We will send...

Cargo deliveries via drones are expected to become a reality in Kazakhstan within the next few years. This innovation is being driven by the Freedom SuperApp, following successful test deliveries, according to Alexey Lee, CEO of Freedom Lifestyle Group. The app currently boasts over 2 million users.

During an appearance on the nFactorial podcast, Lee discussed what Kazakhstan needs to implement to enable automated drone deliveries, where a human operator is only involved in landing or lowering the package using an electric hoist.

«Of course, there are legal requirements and training involved,» Lee explained. «When we...

Danish brewing giant Carlsberg Group and U.S.-based PepsiCo plan to jointly build a soft drink production plant in Kazakhstan’s Almaty region, according to a statement on the Primeminister.kz website.

Kazakhstan’s First Deputy Prime Minister Roman Sklyar recently met with Danish Ambassador Jesper Vahr to discuss the implementation of the project.

The plant is expected to produce up to 340 million liters of beverages per year, with a total investment exceeding $250 million. Once operational, the facility will employ around 500 people.

Ambassador Vahr emphasized that the new production site will boost the added value of local agricultural products, drive growth...