On August 19-21, a delegation of Kazakh Invest national company headed by the Chairman of the Board, Yerzhan Yelekeyev, visited Germany and held talks with major German companies. As reported by Kazakh Invest, at a meeting with representatives of WIS Kunststoffe Gmbh, which plans to produce compounds and plastics in Kazakhstan’s Atyrau region, the company’s general director, Sigmar
On August 22, Kazakhstan President Kassym-Jomart Tokayev arrived in Tajikistan on a state visit and held talks with President Emomali Rahmon. Following the talks, the presidents signed a Treaty on allied relations between Kazakhstan and Tajikistan. President Rahmon emphasized the historical importance of signing the Treaty and stated that “this important document will undoubtedly open
Kazakhstan summoned Paval Utsyupin, Belarus’s ambassador in Astana, to “objectively assess” the Central Asian nation’s stance on key international issues in an unbiased manner amid rising tensions between the two countries, RFE/RL’s Kazakh Service reported. The Kazakh Foreign Ministry did not say specifically why it summoned Utsyupin, but it comes after Belarus President Aleksandr Lukashenko made several
The Chinese company Zijin Mining Group Co. Ltd plans to invest in developing gold, copper, and polymetallic deposits in Kazakhstan. The project was discussed last week in Astana by Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov and Zijin Mining Chairman Chen Jinghe. Zijin Mining is currently searching for a suitable deposit in
The KamaTyresKZ tyre-manufacturing plant in the city of Saran in Kazakhstan’s Karaganda region was put into operation on July 1 and during the first month of its operation produced about 30 thousand tyres, including 29 thousand tyres for passenger cars. The plant is a joint project with Russia’s Tatneft company. The plant’s production capacity is
A court in Kazakhstan’s eastern city of Oskemen has replaced a six-year prison sentence given to a nephew of Kazakhstan’s former strongman President Nursultan Nazarbaev with a suspended sentence, RFE/RL’s Kazakh Service reported. Court No. 2 in the capital of the East Kazakhstan region ruled on August 16 that Qairat Satybaldy, 52, must be released with a
The Eurasian Development Bank (EDB) has released the latest Macroeconomic Review for the Bank’s six member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. EDB’s analysts note that most member countries continue to display robust growth: the aggregate GDP of the EDB’s region of operations increased by 4.6% YoY in January-June 2024, after an increase
A number of documents were signed for Turkish investments in Kazakhstan’s agro-industrial sector and trade in agricultural products for a total of $2 billion during a visit of Kazakh Minister of Agriculture Aidarbek Saparov to Turkey on August 12. With the participation of Turkish investors, six projects have already been implemented in Kazakhstan, and 10
Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) on August 13 said that since the beginning of this year, the rail container transportation from China to Europe through Kazakhstan along the Trans-Caspian International Transport Route (TITR) has grown 14-fold compared to the same period last year. The Trans-Caspian International Transport Route, also known as the
The United Nations Development Programme (UNDP) in Kazakhstan has presented the results of the project to reduce the risks of investing in renewable energy technologies. At the final event of the project, which was implemented by UNDP in partnership with the Ministry of Energy of Kazakhstan and with financial support from the Global Environment Facility
