News

Standard & Poor’s (S&P) has affirmed Kazakhstan’s sovereign credit rating at BBB-/A-3, with a stable outlook, according to Kazakhstan’s Ministry of National Economy. The rating agency cited the country’s strong financial reserves as a key factor in mitigating potential external risks.

S&P forecasts that Kazakhstan’s liquid external assets will far exceed its external debt. Experts also anticipate that increased oil production at the Tengiz field will support the country’s economic growth.

The agency noted that midterm fiscal trends will depend on how strictly Kazakhstan adheres to its fiscal rules. Expanding the tax base and imposing restrictions on additional transfers...

Kazakhstan’s Supreme Audit Chamber (SAC) is set to scrutinize the activities of the Samruk-Kazyna national fund, Kazatomprom and the National Bank in 2025, the president’s office said in a statement.

The statement followed a meeting between President Kassym-Jomart Tokayev and Chairman of the SAC Alikhan Smailov. During the meeting, Smailov informed the president about the agency’s activities in 2024 and outlined plans for the current year.

Last year, the chamber inspected 214 entities, covering a total budget of approximately $22 billion. During that audit, financial irregularities totaling $1.7 billion were identified, and $270 million was returned to the state budget...

In 2024, the number of automated teller machines (ATMs) in Kazakhstan decreased by 0.6% year-on-year (YoY) to 12,569 machines. This decline is occurring while the cash-out share in the payment card transaction composition has stabilized. Kursiv Research is trying to figure out whether this is the end of ATMs as demand for their services is shrinking or just another pause before further expansion.

The decline in the number of ATMs in Kazakhstan is one of the consequences of growth in online banking services. According to Kazakhstan’s National Bank, cashless transactions accounted for 87% of all card transactions in Kazakhstan last...

Kazakhstan’s National Security Committee (KNB) has refused to investigate alleged information attacks against anti-LGBTQ members of parliament, according to KNB Chairman Yermek Sagimbayev’s response to a parliamentary inquiry.

Sagimbayev stated that the articles of the Criminal Code related to insults against MPs and information attacks do not fall under the KNB’s jurisdiction.

Earlier, a group of lawmakers from the Mazhilis, the lower house of parliament, claimed that their colleagues who had proposed banning «LGBTQ propaganda» had been subjected to insults and online attacks. In response, they called on the KNB to prosecute those responsible.

Additionally, MP Yedil Zhanbyrshin argued that...

Sanctions against Russia will not be lifted quickly following U.S. President Donald Trump’s inauguration, but their impact will likely diminish, according to Umut Shayakhmetova, CEO of Halyk Bank, one of Kazakhstan’s largest financial institutions. She made the remarks at the recent Women in Business forum in Almaty.

«I hope there will be a thaw and the war will end,» Shayakhmetova said during a session on macroeconomic trends and challenges. «One way or another, there is hope that all these military conflicts will eventually end. But sanctions will not be lifted quickly; it’s not a simple process...

Kyrgyz Prime Minister Adylbek Kasymaliev has called for the dismissal of two deputy ministers for taking unauthorized foreign trips. He also demanded that the minister of education explain why her trips to Austria and the U.K. yielded no results.

According to 24.kg, during a meeting with the presidential administration, Kasymaliev instructed the cabinet to fire Almaz Sokeev, deputy minister of agriculture, and Rasul Abazbek uulu, deputy minister of education for their unauthorized foreign travel.

Severe reprimands were also issued to Samat Nasirdinov, deputy minister of agriculture, who spent 81 days in Japan, and Asel Raimkulova, deputy minister of natural resources...

Former Chairman of Kazakhstan’s National Security Committee (KNB) Alnur Mussayev claims that the Soviet KGB recruited Donald Trump before the collapse of the USSR, assigning him the alias Krasnov. He shared this assertion on his Facebook page.

«In 1987, I served in the Sixth Directorate of the KGB in Moscow. Our primary mission was recruiting businesspeople from capitalist countries. That year, our directorate recruited Donald Trump, a 40-year-old American businessman, under the pseudonym Krasnov,» Mussayev wrote.

He acknowledged that the idea of a U.S. president being a spy or an agent of influence for an...

In January, the volume of railway shipping between Kazakhstan and China increased by 18%. During that period, the two countries exchanged 2.8 million tons of goods, which represents a 25% increase compared to last year.

According to Kazakhstan Temir Zholy (KTZ), the national railway company, the Dostyk border crossing reported a 12% increase in January, reaching 1.5 million tons.

«The Altynkol border crossing reported 1.3 million tons of cargo transported through the point, marking a 25% increase over January 2024. The export of Kazakhstani goods to China grew by 5%, reaching 1.1 million tons. This means...

According to Vesti.kg, Kyrgyzstan is dissatisfied with Russia’s new migration rules. Despite being a member of the Eurasian Economic Union (EEU) alongside Armenia, Belarus, Kazakhstan and Russia, Kyrgyzstan receives many complaints from its citizens who face various bureaucratic hurdles in Russia.

Almaz Imangaziev, deputy minister of foreign affairs of Kyrgyzstan, has presented an official note to Sergey Vakunov, Russia’s ambassador to Kyrgyzstan, addressing the challenges Kyrgyz migrants face in the Russian Federation.

During his meeting with Vakunov, Imangaziev highlighted the difficulties migrants encounter when entering Russia and registering with migration authorities.

The official emphasized that Russia’s introduction of a new...

Kyrgyzstan and the U.S. plan to build a $3 billion railway spanning the entire Central Asian country, according to Kyrgyzstan’s National Investment Agency (NIA).

The Trans-Eurasian Route project will involve constructing a new rail line from the village of Makmal in southern Kyrgyzstan to the city of Karakol in the east.

The NIA, state-owned rail operator Kyrgyz Temir Zholu and U.S.-based All American Rail Group Global Infrastructure Partner LLC have signed an agreement for the project, which will be carried out as a public-private partnership (PPP).

NIA Director Talantbek Imanov said the initiative marks Kyrgyzstan’s first PPP project in the...

According to World Bank’s Regional Director for Central Asia Tatiana Proskuryakova, if women participated in the economy on par with men, Kazakhstan’s GDP growth would reach 27%. (The rate was 4.8% in 2024.) The expert made this statement during the Women in Business forum held on Feb. 20 in Almaty.

«Despite progress in expanding women’s rights in Central Asia, barriers — especially in entrepreneurship — still exist. Gender equality is not only about justice but also about unlocking the economic potential of the region’s nations. If women participated more in the economy, GDP would grow by...

Kazakhstan’s renowned Nomad Stunts team has begun preparations for the filming of a documentary-drama series about the Golden Horde, according to State Counselor Erlan Karin, who recently visited the stunt performers’ training facility.

Nomad Stunts, a team of professional stunt performers recognized for their work in world-class productions, has contributed to major projects such as Netflix’s «Marco Polo,» Disney’s «Mulan» and Apple Studios’ «Napoleon.» For this latest project, they are preparing historical scenes and choreographing complex battle sequences. Training is underway, focusing intensively on historical weaponry, horsemanship and realistic fight choreography.

Maulen Ashimbayev, the speaker of the Senate (the upper chamber of Kazakhstan’s parliament), has written an article titled «Logic of Reforms 2.0: In the Fairway of the Age.» In the text, published in the Vremya newspaper (time.kz), the official emphasized that with Donald Trump returning as U.S. president, the world is transitioning to a new order. He stressed that the motto «Adapt or die» is more relevant than ever. In his article, Ashimbayev shared his vision of what must be done to address the situation.

He believes that more and more countries are leaning toward protectionist policies, which could lead...

The volume of stocks traded on the Kazakhstan Stock Exchange (KASE) declined by more than one-third to approximately $37.4 million in January. Last month, trading in this sector mostly occurred on the secondary market, the exchange said in a statement.

The aggregated trading volume on KASE has shrunk by 11.9% to around $57 billion. However, the KASE Index increased by 1.2% month-on-month (MoM), reaching 5,644.41 points. Currently, the figure stands at 5,628.52 points, indicating a slight decrease.

Stock market

Stock market capitalization saw a 2.4% decline to $63.9 billion. The daily average stock trade on KASE totaled roughly $1.87 million...

Russia will build a trunk gas pipeline to supply natural gas to Kazakhstan, according to the TASS news agency. Russia’s government has included the project in the country’s territorial planning scheme, a framework designed to organize and manage land use and infrastructure development.

The pipeline will pass through districts and rural settlements in the Tyumen region, supplying gas to northern and northeastern Kazakhstan. It will have a capacity of 10 billion cubic meters (bcm), with compressor stations capable of generating 50 megawatts (MW).

In December 2024, Russian Deputy Prime Minister Alexander Novak announced that construction had begun on a trunk...

In a Feb. 19 article published in the Vremya newspaper, Maulen Ashimbayev, chairman of Kazakhstan’s Senate, argued that international institutions are in crisis, citing the United Nations (UN) as an example. He also pointed to the World Health Organization (WHO) and the World Trade Organization (WTO).

«The once-reputable UN, in its current form, risks following the fate of the League of Nations. The WHO failed the test of the pandemic: Donald Trump, after taking office, announced the U.S. withdrawal from the organization. The WTO has proven ineffective as a dispute resolution arbiter amid geopolitical clashes,» Ashimbayev...

The Russian government isn’t happy with the way authorities conducted their investigation into the death of Mikhail Lermontov, a prominent Russian poet who was killed nearly 200 years ago. As RIA Novosti reported, MP Nikolai Burlyayev has initiated the reopening of a criminal investigation into the crime by the Investigative Committee of Russia.

«The Investigative Committee responded and joint work on the issue has begun. This includes some technical aspects. We will inform the public on the course of the investigation and its results,» Burlyayev said.

He also noted that Russian forensic experts have...

During Almaty Mayor Yerbolat Dossayev’s visit to China, he discussed the potential expansion of Kazakhstan’s sole metro with Dai Hegen, chair of the state-owned China Railway Construction Corporation (CRCC).

Dossayev considers metro development one of the city’s top priorities. The Almaty subway currently consists of only 11 stations spanning 13.5 kilometers with two new lines planned for construction. Chinese companies, including CRCC, are viewed as potential partners in the project.

Dai confirmed the company’s willingness to take part in the project and bid for the contract under the general conditions. Potential cooperation is currently being discussed.

CRCC is one of...

Kazakhstan will soon launch a digital service for passenger insurance in case of flight delays, according to Vice Minister of Transport Talgat Lastayev, who shared the news at a recent cabinet meeting.

The new service will be integrated into airline ticketing applications, allowing passengers to insure their flights and receive instant compensation for delays.

Lastayev also noted that the digitalization of Kazakhstan’s aviation industry is progressing rapidly. As part of public-private partnership efforts, the country has introduced an E-freight system to streamline access to travel documents.

«Airports across the country are actively using the E-doc-airport...

Kazatomprom, a subsidiary of the state-owned fund Samruk-Kazyna, and the Jordanian state-owned Jordan Uranium Mining Company (JUMCO) may jointly commence uranium mining and export the resource, Samruk-Kazyna reported on its Telegram channel. On Feb. 19, official delegations from Kazakhstan and Jordan held a meeting in Amman that resulted in the signing of a memorandum of understanding.

«Kazatomprom, a portfolio company of the Samruk-Kazyna fund, signed a memorandum of understanding (MoU) with JUMCO. The MoU outlines a study of opportunities for developing and implementing new technologies in uranium mining, as well as potential cooperation in uranium export...

China’s Xinjiang Uyghur Autonomous Region (XUAR) will invest 1 billion yuan (about $137 million) to build a transport and logistics center near Almaty, according to Kazakhstan Temir Zholy (KTZ), the national railway company.

The decision was made on Feb. 19 in Urumqi, XUAR’s capital, during a meeting between XUAR Communist Party Secretary Ma Xingrui and KTZ CEO Nurlan Sauranbayev.

Ma noted that rail traffic between China and Kazakhstan has been increasing annually, reaching a record 32 million tons in 2024.

«Plans for 2025-2026 include creating a transport and logistics hub in the Almaty agglomeration, developing the...

Kazakhstan’s oil production is expected to grow in 2025, but lower hydrocarbon prices could reduce export revenues, according to Halyk Finance.

«By mid-2025, the Future Growth Project (FGP) at the Tengiz field is expected to be fully operational. As a result, oil production at Tengiz is projected to increase by 24.8% year-on-year (YoY), reaching 34.7 million tons compared to 27.8 million tons in 2024, which should positively impact export figures… However, the predicted decline in oil prices will offset these gains,» analysts from Halyk Finance stated.

According to Bloomberg’s consensus forecast, the average price of...

The Ministry of Foreign Affairs of Kazakhstan will discuss the attack on the Kropotkinskaya pump station of the Caspian Pipeline Consortium (CPC), Informburo.kz reported, citing Akan Rakhmetullin, first deputy foreign minister of Kazakhstan.

«We are aware of the situation. The Ministry of Energy of Kazakhstan has already made a statement confirming that the drone attack has not affected oil exports. Of course, we will talk to the Ukrainians and we will meet them. We will certainly have a meeting either here or in Kyiv. We have to find a diplomatic solution to avoid a repeat of...

The annual pilot shortage in Kazakhstan has reached 600 specialists. What makes this situation even worse is that the Almaty Civil Aviation Academy lacks the international EASA Part-FCL (European Union Aviation Safety Agency Flight Crew Licensing) certification. This is why Kazakhstani airlines are forced to hire foreign pilots, according to Deputy Minister of Transport Talgat Lastayev, who reported to the cabinet on the status of the aviation industry in Kazakhstan.

Kazakh civil aviation staff totals 23,000 employees, including 1,100 local pilots and 400 foreign pilots. As usual, local personnel are trained at the Civil Aviation Academy, 21 training centers across...