How pension system will change in Kazakhstan
Images | inform.kz
As he noted, a few years ago, Kazakhstanis did not have the opportunity to enjoy their pension accruals, and even doubted the UAPF. However, this year the situation has changed dramatically, and citizens realized that it was their money.
I want to say that the pension system will be modernized until 2030. The document "Concept of modernization of the pension system" approved by the decree of the President in 2014 was adopted, which reflects all stages of development of the pension system in Kazakhstan. The goals and main tasks do not change and will develop further, taking into account continuity," Kurmanov emphasized.
The chairman of the board of the UAPF added that despite the fact that a number of tasks have already been implemented at the first stage, further correction of the concept is necessary. A number of proposals and adjustments have already been made by experts, private traders and specialists in areas. The UAPF carefully takes into account the experience of international colleagues.
The labor market is changing a lot. For example, the structure of employment has changed. This is reflected in the employees participating in the pension savings system. There are questions about the coverage of the self-employed," he said.
In addition, Kurmanov added that the length of service of the participants in the pension savings system is an important factor in the size of the pension when they retire. But at the same time, the state retained the solidary pension, which increases by 2% every year.
A multi-level system is developing, our citizens will have a multi-component and multi-vector pension. From this point of view, for those who cannot save, there will be a minimum pension," summed up Kurmanov.
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Major Turkish Investors Continue Successful Implementation of Projects in Kazakhstan
Images | gov.kz
Ambassador of the Republic of Kazakhstan to the Republic of Türkiye Yerkebulan Sapiyev and Consul General of the Republic of Kazakhstan in Istanbul Nuriddin Amankul held a series of meetings with executives of leading Turkish investment companies operating in Kazakhstan, Ministry of Foreign Affairs of the Republic of Kazakhstan reports.
In particular, substantive and constructive discussions were held with representatives of Tiryaki Holding, which has launched a project for the deep processing of wheat and peas in the city of Astana; Nobel Pharmaceuticals, implementing the second phase of its pharmaceutical production project in Almaty; Makyol Holding, which has successfully completed the construction of the Big Almaty Ring Road (BAKAD); TAV Havalimanları Holding, carrying out a project to expand and modernize Almaty International Airport, Koton, the owner of a retail clothing chain in Kazakhstan and Çalık Holding, together with a potential partner, implementing a grain processing project in the Kostanay region, as well as a number of potential investors considering the development of copper deposits in the Republic of Kazakhstan.
During the meetings, the parties discussed the current status and progress of ongoing investment projects, as well as prospects for launching new initiatives in various sectors of Kazakhstan’s economy.
In addition, the heads of the aforementioned holdings expressed their appreciation to the Government of the Republic of Kazakhstan for its policy aimed at creating a favorable investment climate and for the comprehensive support provided to foreign investors.
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Investments in fixed capital in Kazakhstan reached 18.5 trillion tenge
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The Head of State was informed about the progress in implementing instructions on economic reforms and further improving citizens’ well-being, primeminister.kz reports citing the press service of Akorda.
Prime Minister Olzhas Bektenov briefed the President on the preliminary results of the country’s socio-economic development for 2025. As a result of the diversification objectives set by the President, more than 70% of GDP growth has been driven by industry, trade, and transport.
From January to November of the current year, growth in transport services reached 20.3%, construction 14.7%, trade 8.8%, agriculture 6.1%, and manufacturing 5.9%. Investment in fixed capital amounted to 18.5 trillion tenge, while private investment inflows increased by 9.8%.
Kassym-Jomart Tokayev was also informed about the implementation of the Joint Action Program of the Government, the National Bank, and the Agency for Regulation and Development of the Financial Market for macroeconomic stabilization and improving public welfare for 2026-2028. A key priority of the program is to ensure that GDP growth is accompanied by rising real incomes and improved living standards. Measures to reduce inflation are envisaged.
According to the information presented to the President, modernization of five border checkpoints on the external border was completed in December. A registry of Kazakhstan’s domestic producers has been launched. A unified small business support program, "Isker Aimaq," has been adopted.
In addition, Olzhas Bektenov reported on the smooth progress of the heating season, as well as the early financing of the 2026 sowing campaign aimed at maintaining and further increasing crop yields, with a focus on processing and exporting agricultural products.
Following the meeting, the President instructed to continue efforts to ensure the country’s stable development in the interests of citizens and issued a number of directives on attracting investment, supporting entrepreneurship, and modernizing engineering and transport infrastructure.
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Kazakhstan set to launch 140 manufacturing projects
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Prime Minister Olzhas Bektenov held a meeting on the development of infrastructure in special economic and industrial zones, following instructions of President of Kazakhstan Kassym-Jomart Tokayev to strengthen the country’s industrial potential, Qazinform News Agency learnt from the primeminister.kz.
Ministers of Finance, Industry and Construction, as well as representatives of the Baiterek Holding and the Industrial Development Fund attended the meeting.
According to the Industry and Construction Ministry, there are 17 special economic zones and 66 industrial zones in Kazakhstan so far, where 860 projects have been implemented with private investments exceeding 5.7 trillion tenge, creating more than 57,200 jobs.
As stated there, infrastructure readiness is a key factor in determining the investment attractiveness of industrial sites. Work is underway to build additional facilities, including substations and transport networks.
To reduce the burden on the state budget, the Government is taking measures to attract extra-budgetary funds, including cooperation with international financial institutions.
Some 200 new projects are expected to be implemented in special economic and industrial zones by 2030, creating jobs and boosting manufacturing growth. To note, Kazakhstan plans to launch 140 projects in the manufacturing sector in 2025-2029.
The projects are projected to contribute to the economy by increasing the gross value added of the manufacturing industry.
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Kazakhstan exports 3.9mln tons of new harvest grain
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According to JSC NC Kazakhstan Temir Zholy, Kazakhstan exported 3.9 million tons of grain between September and December 19, 2025, Qazinform News Agency reports, citing the Kazakh Ministry of Agriculture.
By comparison, exports during the same period last year totaled 3.4 million tons, reflecting a steady increase in shipments to international markets.
The most significant growth was observed in key markets. Exports of grain to Uzbekistan increased by 35%, rising from 1.315 million tons to 1.774 million tons. Shipments to Kyrgyzstan doubled, climbing from 59,000 tons to 122,000 tons. Exports to Afghanistan also saw a notable increase of 36.8%, from 190,000 tons to 260,000 tons.
The growth in exports of new harvest grain is driven by strong demand from traditional markets.
Previous reports showed that Kazakhstan’s grain exports had grown by one-third. The Ministry of Agriculture highlighted that exporters could start shipping new-harvest wheat this year to qualify for transportation cost compensation at the beginning of 2026.
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Kazakhstan approves wholesale liquefied gas price
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The Kazakh Energy Ministry has approved the maximum wholesale price for liquefied petroleum gas (LPG) sold on the domestic market outside commodity exchanges, Qazinform News Agency reports.
According to the order signed by the Energy Minister as of December 15, 2025, the price cap will remain in effect from January 1 to June 30, 2026.
The maximum wholesale price for liquefied petroleum gas supplied to the domestic market of Kazakhstan outside commodity exchanges for the period from January 1 to June 30, 2026, is approved at 59,722 tenge per ton, excluding VAT.
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Government Debt Management Council set up in Kazakhstan
The Ministry of Finance, jointly with the National Bank and the Ministry of National Economy, announced on Monday the establishment of a consultative and advisory body - the Government Debt Management Council, Qazinform News Agency reports.
The decision is part of the implementation of a set of measures aimed at ensuring the sustainability of public finances and improve the balance of macroeconomic policy of Kazakhstan for 2025/27.
The Council will focus on developing measures aimed at increasing the depth, liquidity, and efficiency of the government securities market, reducing the cost of public borrowing used to finance the budget deficit, and forming relevant benchmarks for the quasi-public sector and corporate issuers.
The key objectives of the Council include adopting coordinated decisions on government debt management, developing the government securities market, and shaping issuance policies in domestic and international markets, taking into account macroeconomic conditions and debt sustainability.
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