News

President Kassym-Jomart Tokayev wrote an article for The Hill. As he noted, world leaders must never forget that they have a solemn responsibility to a future beyond their own political careers.

What happened? The Hill has published an article by Tokyev called “UN must focus on choices that will define our century, not just the short-term.”

According to the president of Kazakhstan, the U.N. General Assembly and decisions by global leaders play important roles in issues related to climate change, nuclear nonproliferation and artificial intelligence, among others.

«This year, that responsibility weighs even heavier than usual...

The Zhaikmunai oil and gas company, a subsidiary of Nostrum Oil & Gas Plc, paid $18.8 million in corporate income tax and value-added tax and $4 million in fines for violations in tax-paying committed over the past few years, the prosecutor’s office of the West Kazakhstan region reported.

«After intervention by the regional prosecutor’s office, the Zhaikmunai oil and gas company has paid $18.8 million of corporate income tax and VAT. Moreover, for wrong calculation of these taxes over the period from 2016 to 2021, the company was fined $4 million in accordance with Paragraph...

According to President Kassym-Jomart Tokayev, Kazakhstan is ready to act as a regional food hub. He made this statement while delivering his speech at the 78th session of the U.N. General Assembly in New York.

What did the president say? As Tokayev noted, the country has the resources, infrastructure and logistics necessary to play the role of a regional food hub.

The president also highlighted that Kazakhstan is already accounting for about 80% of transit shipments between Asia and Europe by land.

What is the leverage to promote trade here? Tokayev believes that the Trans-Caspian International Transport Route (TITR) may...

According to Zhaslan Kassenov, head of the department for renewable sources of energy under the Ministry of Energy, Kazakhstan will need loads of small and big hydropower plants in the near future to mitigate imbalances in the work of renewable energy sources.

«About 90% of rivers across the country are small. This is why it is a good idea to build small hydropower plants in Kazakhstan. We are implementing such projects regularly. However, we will need many more small and big hydropower plants shortly as maneuverable sources of energy to keep the country’s energy system in...

Tengizchevroil has announced the completion of a turnaround it described as «one of the most complex in its history.»

«Tengizchevroil LLP (TCO) has successfully completed one of the most complex turnarounds in its history ahead of schedule. Production at all TCO’s units at Tengiz has safely resumed,» the company said in a statement.

TCO had planned the Complex Technology Line-2 (KTL-2) turnaround for three years. The turnaround involved over 5,200 Kazakhstani workers at its peak.

The turnaround activities are aimed at ensuring the reliability and safety of the Tengiz KTL-2 equipment and have included...

The presidents of five Central Asian countries have met with President Joe Biden in New York, the first such meeting in history.

Why did the presidents decide to meet? The C5+1 dialogue format was established in 2015. Usually, this summit gathered foreign ministers of Central Asian states and a U.S. state secretary. However, this time the meeting was at the top level. Some experts believe the reason for this is the changing geopolitical situation.

According to The Diplomat magazine, the United States is competing with Russia and China for influence in Central Asia.

The meeting took place on September...

According to Kazatomprom, 58% of the uranium it supplied to Western countries over the first six months of this year was shipped via the Trans-Caspian International Transport Route (TITR) from the seaport of Aktau to Baku and then through Georgia to the E.U.

«Kazatomprom has renewed the information about the status of its shipment of uranium through TITR. As of the end of the first half of the year, 58% of uranium was shipped to Western countries via TITR. In December 2023, it is expected that the share of uranium shipment to the West through TITR will reach 71%,» the...

During his visit to New York, President Kassym-Jomart Tokayev met with Nicola Villa, executive vice president of Mastercard. Tokayev welcomed the company’s decision to open a regional hub for the CIS, Central and Eastern Europe in Almaty, the press service of the president reported.

What happened? President Tokayev met with Executive Vice President Nicola Villa of Mastercard. They discussed perspectives for cooperation in the financial and IT spheres as well as shared their vision on how the digital competence of small and medium-sized businesses in Kazakhstan can be improved.

The president has supported Mastercard’s decision to open the regional hub...

President Kassym-Jomart Tokayev met with Secretary-General of the United Nations Antonio Guterres during the 78th Session of the U.N. General Assembly in New York. During the meeting, Guterres described Kazakhstan as a privileged partner of the U.N.

According to the president’s press service, the two sides discussed priority areas of cooperation between Kazakhstan and the U.N. as well as the challenges of modernity.

What has the U.N. secretary-general said? According to Guterres, Kazakhstan and the U.N. are still working on goals of sustainable development and ensuring human rights.

«Kazakhstan is a privileged partner for us. It...

President Shavkat Mirziyoyev of Uzbekistan has proposed that Central Asian countries invite Afghanistan to be a part of negotiations about water resource management in the region. He made this statement during the meeting of the International Fund for Saving the Aral Sea on September 15, according to the president’s press service.

What country can join the water management process in Central Asia? During his speech, the president of Uzbekistan noted that a new member, which currently has no obligations to other Central Asian countries, can join the water management process in the region.

«As you all...

American Westinghouse Air Brake Technologies Corporation or Wabtec, one of the world leaders in the field of transport and logistics and Fortune 500 participant, is going to invest roughly $1 billion in Kazakhstan’s transport and logistics industry, the press service of President Tokayev reported.

«Kassym-Jomart Tokayev welcomed the company’s plan to invest about $1 billion in the transport and logistics industry in Kazakhstan, noting that the move would contribute to the development of the Trans-Caspian International Transport Route and would become the basis for other infrastructure projects,» the president’s press service reported after he met with...

According to Emergency Minister Syrym Sharipkhanov, the employer is 100% guilty in the case of the fire at the Kazakhstanskaya mine.

What happened? On September 18, Minister of Emergency Situations Syrym Sharipkhanov presented the results of the official investigation of the fire at the Kazakhstanskaya mine when five miners died.

The lack of production control and non-compliance with safety regulations are the key reasons for the fire, the official said.

Why did the tragedy happen? A fire on a coal conveyor occurred as a result of the conversion of mechanical energy into thermal energy due to the friction of the...

President Kassym-Jomart Tokayev of Kazakhstan has warned of a water crisis in Central Asia. As he noted, the drought can cause damage of 1.3% of the annual GDP by 2050.

What happened? On September 15, during a meeting of the Council of Heads of State – Founders of the International Fund for Saving the Aral Sea, President Tokayev said that the security of Central Asia is threatened by global climate change, low waters and a deficit of irrigation water.

What is the temperature in the region on average?

«According to international experts, temperatures in our region...

President Sadyr Japarov of Kyrgyzstan said that Central Asian countries have to introduce resource-saving technologies and announced his country’s transition to a water conservation policy, the president’s press service reported.

What has the Kyrgyz president suggested? During his speech at the V Consultative Meeting of the Central Asian leaders in Dushanbe, Tajikistan, Japarov proposed establishing a regional center for introducing energy-efficient and resource-saving technologies in Bishkek.

As the president noted, the new regional center will let countries of the region improve their management of water and energy resources.

Why does Kyrgyzstan opt for a water conservation policy? Over the past...

A consultation document for amendments to the anti-money laundering law prepared by the Agency for Regulation and Development of the Financial Market (ARDFM) proposes lowering the thresholds for financial transactions that are considered suspicious. Currently, the document is available for public consideration.

The draft document proposes to revise the current rules that require commercial banks to report to the government about high-risk clients. The agency now believes that this practice is questionable from a legal point of view as it can encourage banks to terminate relationships with such clients.

If the proposal is approved, national security agencies will be responsible...

According to Askhat Khassenov, deputy minister of energy, Kazakhstan may produce 89 million tons of oil this year, which is a slight decrease compared to the initial production plan of 90.5 million tons.

«Changes are possible. According to our initial plan, oil output should be at 90.5 million tons by the end of this year. However, based on the results of the first eight months of 2023, we are falling behind schedule. Of course, we will try to achieve the target, but it is more likely that the oil output will be 89 million tons,» the...

On September 13, the Cabinet of Ministers of Thailand approved a visa-free regime with Kazakhstan, which is going to last from September 25, 2023, to February 29, 2024, according to The Reporters, a news agency from Thailand. The decision was announced by the Ministry of Tourism and Sports of Thailand.

What benefits will Thailand obtain from a visa-free regime with Kazakhstan? The ministry believes that a visa-free regime with Kazakhstan for 30 days will boost revenues in the country’s service sector. In general, the Kingdom of Thailand is expecting the number of tourists to increase by 30%.

Which countries have...

On the sidelines of a cabinet meeting, Minister of Digital Development, Innovation and Aerospace Industry Bagdat Musin told journalists why the work of mobile communication has been disrupted so often recently.

What is the reason for disruptions? According to Musin, all the problems related to the recent disruption of mobile services were caused by the ongoing modernization of equipment conducted by mobile operators.

«This situation is due to the modernization of equipment because the current infrastructure isn’t stable and requires an upgrade. For example, regarding the issue (the recent failure of Tele2), the mobile operator carried...

The Russian Skating Union (SKR) has approved the transfer of Russian athletes Elizaveta Golubeva and Kristina Silaeva to the national team of Kazakhstan, according to the organization’s website.

What happened? On September 12, the executive committee of the Russian Skating Union discussed the appeal of the National Skating Federation of Kazakhstan on the transfer of Golubeva and Silaeva to the Kazakhstani national team. As a result, the committee has approved the move.

«Based on the regulations on international transfers, the executive committee of the SKR decided to post the athletes on quarantine for 24 months,» the...

On September 12, President Kassym-Jomart Tokayev met with representatives of Kazakhstani businesses in Akorda, the presidential palace in Astana. During the meeting, they discussed a range of issues related to economic growth, asset recovery and a new wave of industrialization.

Tokayev emphasized that the interests of the state and businesses must be respected equally during the process of asset recovery. He also called on Kazakhstani moguls to actively invest in big projects in the spheres of metallurgy, chemistry, machine building and other industries.

«I want at least 15 large projects in metallurgy, chemistry, machine engineering and...

Kazakhstan does not recognize the presidential elections in the unrecognized Nagorno-Karabakh, the Ministry of Foreign Affairs of Kazakhstan stated.

«Kazakhstan once again reaffirms its strong support for the sovereignty and territorial integrity of Azerbaijan within its internationally recognized borders, and also stands for the settlement of all disputes through political and diplomatic negotiations in accordance with the UN Charter, the fundamental principles and norms of international law,» the ministry said in a statement.

The context. On September 9, the parliament of the unrecognized Nagorno-Karabakh Republic elected a 45-year-old Samvel Shahramanyan as the new president during...

According to Azamat Amrin, deputy minister of national economy, Kazakhstan’s GDP grew by 4.9% over the period from January to August of this year.

In the first eight months of 2023, the real sector and service sector grew by 4.4% and 4.8%, respectively. Moreover, the agency says that it sees positive dynamics in almost all economic sectors, particularly in construction, trade and information and communication sectors.

Investment in fixed capital has grown by 12.2% since January. In terms of performance, the transport and warehouse industry (49%), education (31.9%), trade (30.1%), agriculture (20.7%), and production sector (8.5%) demonstrated the best results...

The full startup of a project to expand production at Tengiz, a giant oil field in Kazakhstan run by Chevron, is set to be postponed until the end of 2024 due to delays in the final stages of the $45 billion development, Bloomberg reported, citing the oil company.

Chevron is rescheduling the full startup of the project, which is expected to boost oil output by 260,000 barrels per day (+40%), for the third time. At the same time, Europe is showing more appetite for crude oil from Kazakhstan due to the ban on imports of Russian oil imposed after...

According to Arman Tleukenov, the spokesperson of the Anti-Corruption Agency, Kazakhstan isn’t one of the most corrupt countries on the globe, although U.S. News, an American media outlet, put the country in 75th place on its list of corrupt countries.

What is wrong with the rating? As Tleukenov noted, even though the survey by U.S. News has nothing to do with official ratings for corruption in the world, Kazakhstani media outlets have spread this news without proper fact-checking.

«The survey has no reliable methodology for evaluation of how big the problem of corruption is in different...