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Kazakhstan’s economy has successfully adapted to new external conditions and entered a sustainable growth path this year. According to the results of January-November, this rate was 4.9 percent, while in the same period last year this figure was 2.7 percent. In total, GDP per capita increased from 11.5 thousand dollars to 13.3 thousand dollars. Annual…

On October 3, 2023, Kazakhstan introduced significant support for greenhouse businesses. Businesses engaged in the cultivation of vegetables in protected soil in heated industrial greenhouses and farm greenhouses will be able to benefit from state subsidies for electricity, coal and natural gas expenditures in the inter-seasonal periods. Local government bodies will determine priority plant species…

“One of the main priorities in this direction is the creation of the Turkic Investment Fund. At the informal summit of the Organization on March 31, 2021, President Kassym-Jomart Tokayev noted the need to accelerate work on the creation of the Turkic Investment Fund on the principle of equal contribution and equal voting rights. The…

The Kazakhstan Elevators Association organized an important meeting in Astana. This meeting is seen as an important step to bring together the elevator industry in Kazakhstan and support the development of the sector. During the meeting, topics such as the current state of the industry, future goals and technological innovations were discussed. At the same…

In accordance with the provisions of this agreement, which was signed with the aim of reducing the duration and increasing the efficiency of customs control through the electronic exchange of information on goods and vehicles transported between Turkey and Kazakhstan, the customs administrations of the parties will determine the list of authorized persons responsible for…

President Recep Tayyip Erdoğan arrived in Kazakhstan to attend the 10th Summit of the Organization of Turkic States. Arriving in Astana, the capital of Kazakhstan, to attend the 10th Summit of the Organization of Turkic States, President Erdoğan met with Kyrgyz President Japarov at the hotel where he was staying. At the summit, where the…

Speaking at a government meeting, Deputy Minister of National Economy Askar Amrin said, “The country’s economy grew by 4.9% between January and August this year. Growth in the production sector amounted to 4.4%, in the service sector – 4.8%. Positive dynamics are observed in the main sectors, with the highest growth in construction, trade, IT…

International credit rating agency Moody’s stated that Kazakhstan’s economy has a positive outlook and raised its credit rating outlook from stable to positive. In the report, it was noted that the ongoing structural development in Kazakhstan’s economy and efforts to strengthen the diversity of the economy were effective in this decision of Moody’s, and it…

Alarko Holding will invest 650 million dollars in Kazakhstan’s agricultural sector over the next five years, building greenhouse facilities on 500 hectares of land. The Memorandum of Understanding signed today between the Ministry of Agriculture of Kazakhstan and Alarko Holding within the scope of the investment cooperation, which is progressing with the support of Kazakh…