The European Bank for Reconstruction and Development (EBRD) says it is supporting the expansion of Araltuz, a leading Kazakhstan-based producer of table and low-grade technical salt in Central Asia, by extending a convertible loan of up to KZT 5.5 billion (€11 million). The funds will be provided to Salt Industry Ltd., a joint-stock company operating under the
Deputy Prime Minister–Minister of Foreign Affairs of Kazakhstan Murat Nurtleu during his visit to Austria on March 16 met with the top management of the leading companies in the construction, logistics, and machinery industries. During the conversation with the CEO of the Lasselsberger Group, Josef Lasselsberger, the progress of the investment project for the production
The World Bank’s Board of Executive Directors has approved a loan in the amount of $600 million to Kazakhstan, marking the first phase of a series of reforms aimed at promoting sustainable and inclusive economic growth in the country. The reforms support Kazakhstan’s transition towards an economy that is greener, has more competitive markets, and is more
The Governments of the United States, Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan joined private sector representatives in the inaugural B5+1 Forum in Almaty, Kazakhstan, from March 13-15. Announced by President Biden during the inaugural C5+1 Summit in September 2023 and highlighted in the corresponding New York Declaration, the B5+1 is the private-sector-led counterpart
A former resident of Almaty, who now lives in Germany, on his Tik Tok page under the nickname “mambethologe” creates provocative content regarding Kazakhs, Kriminalnyi Kazakhstan reported on Telegram. In his videos, the man insults residents of Central Asia, in particular residents of Kazakhstan. The author of the videos is Vladislav Richter. Born in 1973
Kyrgyzstan’s Ministry of Economy and Commerce has announced that it has agreed with Kazakhstan not to introduce restrictions and bans on products licensed in Kyrgyzstan. Kazinform information agency recently reported that Kazakhstan planned to introduce a ban on some products licensed in Kyrgyzstan from July 1, 2024. According to the Committee for Technical Regulation and
Meetings with the participation of Advisor to the President of Kazakhstan on Science and Innovation Kunsulu Zakarya, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan Gabidulla Ospankulov, and the leadership of the Chinese company BGI Group were held in Astana. The parties discussed the progress of the company’s projects in Kazakhstan, including
The Prime Minister of Kazakhstan Olzhas Bektenov on March 14 visited the mausoleum of Khoja Ahmed Yasawi in the Turkestan region to inspect the progress of execution of the Head of State’s instruction to ensure the preservation of this unique architectural monument and a UNESCO World Heritage Site. The Mausoleum is part of the architectural
Construction of solid waste processing plants in major cities of Kazakhstan was considered at a government session this week. Minister of Ecology and Natural Resources Yerlan Nysanbayev reported that the government approved a mechanism of preferential financing of projects in the field of waste management. This applies to the purchase of rubbish trucks, the launch
The Kazakh-Belgian business forum with the participation of more than 60 officials and representatives of business communities of Kazakhstan, Belgium and Luxembourg was organized on March 12 in Brussels by the Embassy of Kazakhstan in Brussels, as well as the BEСI (Brussels) and BeNeLux (Astana) Chambers of Commerce. While greeting the participants, Ambassador of Kazakhstan
