The Asian Development Bank (ADB) says it has signed a transaction advisory services agreement with the Government of Kazakhstan for its Hydropower Development Program. ADB’s mandate is to work with the government to conduct pre-feasibility studies, assist in preparing auction documents and a template power purchasing agreement, and attract competitive offers to crowd in investors.
The European Bank for Reconstruction and Development (EBRD) says it is promoting greater use of green technologies and creating growth opportunities for small firms in Kazakhstan by providing a financial package of US$ 60 million (€55.3 million) to the country’s major private lender, Bank CenterCredit (BCC). The package consists of a loan in Kazakhstan tenge equivalent to US$ 30
The Ambassador of Kazakhstan to Thailand, Arman Issetov, on July 24 met at the Thai Government Office with the Deputy Prime Minister and Minister of Commerce, Phumtham Wechayachai to discuss the implementation of the agreements reached during the recent visit of the Deputy Prime Minister – Minister of Foreign Affairs of Kazakhstan, Murat Nurtleu, to
During the summer season, traveling to Borovoye resort by train has become even more popular among tourists in Kazakhstan. Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) said that in June, 49 thousand passengers were transported to this picturesque place some 200 km north of Astana by electric trains, a 30% increase compared to June
Kazakhstan President Kassym-Jomart Tokayev has agreed with the presidential commission on clemencies to reject a pardon request filed by Karim Masimov, a once-powerful politician who was prime minister twice and is now serving 18 years in prison on charges of high treason and attempting to seize power during unrest in 2022, RFE/RL’s Kazakh Service reported.
According to the Kazakh Ministry of Transport, Kazakhstan’s airlines have transported about 5.5 million passengers since the beginning of this year, an increase by 17% compared to the same period last year. Today, domestic flights in Kazakhstan are operated by six airlines on 53 routes with a frequency of 640 flights per week. The state
The official opening ceremony of the Astana Genetic Center laboratory of the Chinese company BGI Group took place on July 19 at the National Center of Biotechnology in Astana. Kunsulu Zakariya, advisor to the President of Kazakhstan on Science and Innovation; Akmaral Alnazarova, Minister of Health; and Saule Sabyr, First Secretary of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan
The Asian Development Bank (ADB) and the Kazakhstan Electricity Grid Operating Company (KEGOC) have signed a financing deal worth 58.2 billion tenge (around $123 million) to expand the high-voltage transmission network in the southern region of Kazakhstan. This expansion will allow the integration of large-scale renewable power generation into the grid, reinforce and stabilize power
A ceremony of laying the capsule for the future production of solar modules by the domestic investor Altyn Group LLP under the TGS-Solar brand took place in the Alatau SEZ in Almaty on July 17, Kazakh Invest national company reported. The founder of Altyn Group, Jomart Mominbayev, thanked the Government of Kazakhstan for its assistance in the implementation of the project and
On July 15, the Ministry of Ecology and Natural Resources of Kazakhstan and the World Wide Fund for Nature (WWF International) signed a Memorandum of Cooperation on a tiger reintroduction program in Kazakhstan. According to the ministry, the memorandum is a continuation of successful cooperation which has already led to significant achievements in the restoration
A regional office of Euronews will be opened in Kazakhstan’s capital, Astana, the Minister of Culture and Information of Kazakhstan, Aida Balayeva, announced on her Facebook page. Minister Balayeva met with the Chairman of the Board of Directors of Euronews, Pedro Vargas David, and the parties signed a Memorandum of Cooperation between Kazakhstan and Euronews.
As part of the operational-tactical command and staff military exercise Birlestik-2024, military sports competitions in terrain orienteering were held at the Oymasha training ground in Kazakhstan. As reported by the Kazakh Defense Ministry, military personnel from Azerbaijan, Kyrgyzstan, Tajikistan, and Uzbekistan participated, while the team of the host country, Kazakhstan, performed outside the competition. The
The government of Kazakhstan said on July 16 that it had settled a longtime legal battle with Moldovan businessman Anatol Stati over energy-related assets, RFE/RL’s Kazakh Service reported. “The parties are pleased to have reached an agreement on favorable terms, which will bring an end to all legal proceedings and the suspension of any ongoing claims across
A Memorandum of Understanding for the Development of Islamic Finance in Central Asia was signed between the Eurasian Development Bank (EDB) and the Islamic Development Bank Institute (IsDBI) on June 27 in Almaty, Kazakhstan, as part of the Eurasian Development Bank’s Annual Meeting and Business Forum. The document was signed by Nikolai Podguzov, Chairman of the EDB
Chairman of the Management Board of Kazakh Invest national company, Yerzhan Yelekeyev on July 15 held a meeting with representatives of the Chinese corporation WEIGAO, during which the parties discussed the possibility of localizing the production of medical equipment in Kazakhstan. Zhang Yong, General Director of WEIGAO, told Kazakhstani representatives about the corporation’s work in the production of
The Central Securities Depository (CSD) of Kazakhstan said on July 11 that it had ordered brokers and management companies to divest Russian securities from their holdings by August 1, Current Time reported. The CSD’s press service said the move was necessary to adhere to U.S. sanctions imposed on the Moscow Stock Exchange (MSE) and its structures. In
To celebrate the National Dombra Day, the Permanent Delegation of Kazakhstan held an event at the UNESCO Headquarters last week, attended by Ambassadors of UNESCO Member States and Kazakhs residing in France. Welcoming the guests, Askar Abdrakhmanov, Permanent Delegate of Kazakhstan to UNESCO, reminded that this year marks ten years since the Intergovernmental Committee for
The Kazakh Defense Ministry said on July 8 that its armed forces, along with those from Azerbaijan, Kyrgyzstan, Tajikistan, and Uzbekistan, had begun joint military maneuvers on the shores of the Caspian Sea in western Kazakhstan, RFE/RL’s Kazakh Service reported. The Association-2024 drills, scheduled to run until July 17, are taking place at the Oimasha
A caravan of 26 trucks has been transported across the Caspian Sea from the Kazakh port of Kuryk to the port of Baku by a ferry of the Azerbaijani shipping company ASCO. The trucks were loaded onto the ferry in Kuryk on July 3, Eurasia Today reported. The caravan will continue its journey through Georgia
On July 4, a monument to the great Turkmen poet and thinker Magtymguly Pyragy (1724-1807) was unveiled in Kazakhstan’s capital, Astana. The opening ceremony was attended by the National Leader of the Turkmen people, Chairman of the People’s Council of Turkmenistan Gurbanguly Berdimuhamedov, Chairman of the Senate of the Parliament of Kazakhstan Maulen Ashimbayev, and
