Cabinet retains power after presidential election in Kazakhstan
According to the country’s prime minister, there is a lot of work ahead
Central Asia
Kazakhstan to allocate $474.7 million for health care in rural areas
The project has been approved by the government
Kazakhstan announces preliminary results of presidential election
Voter turnout for the election was 69.44%
IMF predicts that Uzbekistan may struggle with cutting budget deficit
There is a risk of a decline in income due to lower gold prices
World Bank updates its GovTech maturity index
Now, Kazakhstan is ranked among the leaders of the index
Kazakhstan’s parliament approves a $345 million loan from IBRD
The loan’s repayment period is 11.5 years
McDonald’s suspends operation of its restaurants in Kazakhstan
The company says that it’s a temporary measure
Kazakhstan wants companies to switch over to ESG standards
The government has already prepared a handbook for them
KMG plans to increase oil output at Tengiz by 40%
A CEO of the company revealed its current projects
Kazakhstan reports sharp increase in foreign businesses registered in the country
More than 45,000 have decided to work in the country
OPEC projects decrease in oil production in Kazakhstan this year
The same has been forecasted for Azerbaijan
KazTransOil stock plunges by 7%
After quarterly results
AIFC suspends GB Finance license
The company has breached some critical rules of the financial center
Authorities report hundreds of dead seals on the Caspian Sea in Kazakhstan
Hydrogen sulfide emission is the likely explanation for the incident
Organization of Turkic states holds a meeting in Tashkent
The host country Uzbekistan wants to boost trade among members
National Bank of Kazakhstan warns retail investors
The digital tenge project doesn’t attract money from individuals
National Fund to beef up its currency assets in Kazakhstan
The Senate approved a new draft law
Kazakhstan wants ArcelorMittal Temirtau to modernize its coal production
The government has already amended the contract with the company
EDB identifies structural challenges for economic growth in Central Asia
Countries in the region can overcome these if they stay open and cooperative
Samruk-Kazyna reveals details of upcoming KMG initial offering
It is expected that the company’s cap will reach $11 billion
Kazakhstan struggles with slow internet connection
The government has already fined internet providers for bad service
Ursula von der Leyen: “We open new chapter in the history of partnership with Kazakhstan”
The E.U. and Kazakhstan signed a memorandum of understanding
President Tokayev threatens ArcelorMittal Temirtau with tough actions
More than 20 incidents have happened at the plant since 2006
Caspian Sunrise creates subsidiary for oil trading
The move will increase profitability, the company says