Deputy Prime Minister Serik Zhumangarin commented on the inclusion of the Kazakh company KBR-Technology on the sanctions list. “We must get used to the fact that such situations will be repeated in the future. I don’t want to tell you the details here now. Let us first understand the reasons ourselves.... Full text available for subscribed users. Try it now ..read more

Kazakh investors cannot receive more than $170 million from Eurobonds issued by Russian issuers. In response to an official request from LS, the ARDFM explained that at present the situation with payments on Russian securities has not changed. “The Agency regularly holds discussions with the Bank of Russia with the participation... Full text available for subscribed users. Try it now ..read more

Head of the National Bank Timur Suleimenov believes that the inclusion of the Moscow Exchange MOEX in the US sanctions list will have no impact on Kazakhstan. He stated this in the corridors of the Senate. "We do not anticipate any changes for the Kazakhstan Stock Exchange KASE, because currently MOEX... Full text available for subscribed users. Try it now ..read more

Kazakhstani company KBR-Technologies has been sanctioned by the US. Previously, investigative journalists reported that the firm was supplying components to Russia for the production of drones. The sanctioned goods were sent from Kazakhstan to Russia through Belarus, according to the media. The US Department of the Treasury's Office of Foreign Assets... Full text available for subscribed users. Try it now ..read more

Last year in Kazakhstan, the number of enterprises using innovations increased by 6%. Their number reached 3.6 thousand. This dynamic cannot be considered a significant breakthrough for the economy as a whole, as the growth mainly occurred due to small enterprises (up by 10.8%). They also constituted the majority: 69.4%.... Full text available for subscribed users. Try it now ..read more

From January to April of this year, expenditures from Kazakhstan's national budget on social assistance and social security reached 1.8 trillion tenge, which is 15.6% more than the previous year. By comparison, for the same period in 2023, expenditures from the national budget in this sector increased by 11.7%, reaching... Full text available for subscribed users. Try it now ..read more

By providing sufficient amount of funding in 2023, the state managed to fulfill all its social obligations, said Minister of Finance Madi Takiyev at the Senate’s plenary session on June 13. “Budget deficit made 3.1 trillion tenge or 2.6% against GDP (119 251.1657 billion tenge). As of January 1, 2024, state... Full text available for subscribed users. Try it now ..read more

The Ambassador of the Republic of Kazakhstan to the United Arab Emirates Najmedin Mukhametaliuly presented his credentials to UAE President Sheikh Mohammed bin Zayed Al Nahyan. During the conversation at the formal ceremony, Ambassador Mukhametaliuly conveyed the warm regards and best wishes of Kazakhstan President Kassym-Jomart Tokayev to the UAE leader... Full text available for subscribed users. Try it now ..read more

Kazakhstan Stock Exchange will allocate 9.259 billion tenge to pay dividends for 2023. This decision was made on May 30, 2024 by the general annual meeting of KASE shareholders, with reference to exchange data. “The net income (profit) of the exchange for 2023 in the amount of 18,518,265 thousand tenge should... Full text available for subscribed users. Try it now ..read more

According to the results of the first quarter of this year, the economy of Kazakhstan showed growth in real terms by 3.7%: the GDP of Kazakhstan reached 25.7 trillion tenge. The industries that showed the greatest growth are construction (plus 15.9%), information and communications (9.3%), transport and logistics sector (8.3%), manufacturing... Full text available for subscribed users. Try it now ..read more