Kazakhstan’s ambitions to establish the Astana International Financial Centre’s (AIFC) as a banking and investment hub…
Kazakhstan
Business news and investment opportunities in Kazakhstan
STATS
Source: World Bank
Currency: Kazakhstani tengeGDP: 179.3 billion USD (2018)
GDP per capita: 9,812.60 USD (2018)
GDP growth rate: 4.1% annual change (2018)
GNI per capita: 24,450 PPP dollars (2018)
Gross national income: 446.9 billion PPP dollars (2018)
Internet users: 76.43% of the population (2017)
Odds on Trans Caspian pipeline shorten as littoral states settle their differences
After nearly 30 years of haggling over the legal status of the Caspian Sea, its five…
Fruit and veg rots on Kyrgyz-Kazakh border as EEU threatens to unravel
Hundreds of tons of vegetables and fruit that have been piling up at customs posts on…
Astana prepares to ditch Cyrillic alphabet in move to loosen ties with Moscow
Kazakhstan is to change its official alphabet for the third time in less than 100 years…
Detente between Tashkent and Astana paves way for $5bn gas deal with China
Kazakhstan is to start exporting natural gas to China for the first time this month after KazTransGas…
Halyk Bank swallows up rival as consolidation of Kazakh banking sector begins
In a move that the authorities in Astana hope will help stabilise Kazakhstan’s banking sector, the…
International consortium signs up to super-deep Caspian drilling project
An international consortium involving Chinese, Italian, Californian, Azeri and Kazakh companies has agreed to drill for…
Nazarbayev and Xi “open new page” in relations with $8bn investment package
The Kazakh and Chinese Presidents Nursultan Nazarbayev and Xi Jinping yesterday gave their blessing to representatives…
NASDAQ and Shanghai exchange get into bed with Astana
Nasdaq has been selected to power Kazakhstan’s new AIFC Exchange and, along with the Shanghai Stock…
Kashagan revenues come on stream with 2017 production set to double
After years of delay, Kazakhstan’s giant Kashagan oil field is finally delivering on its promise, with…
EEU doomed, predicts Bzhezinsky
The Eurasian Economic Union (EEU) will be dead and buried within in ten years or as…
Governor looks to position AIFC as centre for Islamic banking in CIS
Kazakhstan is planning to promote its new Astana International Financial Centre (AIFC) as a leading regional platform…
Nurly Zhol and structural reforms set to boost Kazakh growth to 2.5% – IMF
A combination of targeted fiscal support, exchange rate adjustment, strengthened domestic liquidity management and structural reforms…
Air Astana, Kazatomprom and KazMunayGaz to kick off Kazakh privatisation programme
Kazakh privatisation programme: A significant proportion of the Kazakh government’s stakes in KazMunayGas, Air Astana and Kazakhtelecom operator…
Kazakhstan to increase Silk Road container capacity tenfold by 2020
Kazakhstan has signed up to increase the volume of container shipments that it processes on the…
Astana to auction 60 Kazakh oilfields
Kazakh oilfields: Astana is planning to put more than 60 potential oil and gas fields up for…
Nazarbayeva moves up succession line as Dad moves to quell rural unrest
Following last week’s removal of Prime Minister Karim Massimov, Kazakhstan’s President Nursultan Nazarbayev yesterday announced that his daughter…
Chinese investors lead surge as Kazakh FDI on course to hit $10bn for 2016
Kazakh FDI: With some $24bn of Chinese project investment in the pipeline over the coming years.…
Shariya Review Bureau to help Zaman roll Islamic banking across CIS
Islamic banking in CIS: Kazakhstan’s Zaman Bank has appointed the Shariyah Review Bureau (SRB) to help roll out…
Klebanov rationalises shareholding in readiness for Kazakhtelecom IPO
Kazakhtelecom IPO: In a move that should pave the way for the flotation of Kazakhstan’s largest telecommunications…
Silk Road Fund eyes up Glencore’s Kazakh mine in Chinese gold rush
China’s state-backed $40bn Silk Road Fund has teamed up with the China National Gold Group Corporation to explore…
Chevron bucks market to invest $37bn in Kazakhstan’s Tengiz oil field
Chevron affiliate Tengizchevroil (TCO) is to go ahead with the development of its Future Growth and Wellhead…
Khorgos – Eastern Gate SEZ operational in months
The Khorgos – Eastern Gate SEZ, the massive logistics and industrial zone on Kazakhstan’s border with China,…
Turkic Council draws up proposals for common customs procedures
The member states of the Turkic Council — Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey – are in…