Almaty's economy booms: record 10.1% growth in 2023 sets new milestone

The Eurasian Economic Union continues to maintain positive macroeconomic dynamics," Tokayev said. "According to forecasts, the growth rate of the combined GDP of the Union’s member states in 2026 and 2027 will amount to around 2.5%."

In the current year, we expect an increase in mutual trade by more than 6%, which will allow us to surpass the $100 billion mark," he stated.

In these conditions, the tasks of adapting our union to new realities, strengthening internal resilience and increasing competitiveness acquire particular relevance," he stressed.

In Kazakhstan, the volume of investments in innovative projects has increased more than fivefold, while more than half of all investments are directed specifically to the digital sphere," he said.

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The issue was discussed yesterday, but a consensus among shareholders is required. Naturally, as a resource-rich country, we want to maintain the current tariffs, but this will be reviewed at the shareholders’ meeting," Akkenzhenov said on the sidelines of the forum.

At present, there is no alternative to this pipeline. Kazakhstan’s oil exports amount to about 60-70 million tons in total. There is no other pipeline today capable of transporting such volumes from Kazakhstan to international markets. Therefore, everything we are discussing concerns additional routes. We are considering any additional routes," said Akkenzhenov.