Kazakh President meets with chairwoman of Eastern Committee of German Economy
Images | Akorda
President Kassym-Jomart Tokayev met with Cathrina Claas-Mühlhäuser, the chair of the Board of the Eastern Committee of the German Economy and chairwoman of the Supervisory Board of CLAAS Group, to discuss prospects for further strengthening Kazakh-German economic cooperation, Qazinform News Agency cites Akorda.
The Kazakh leader thanked the chair of the Board of the Eastern Committee of the German Economy for her great contribution to developing bilateral ties, as well as expressed his confidence in the continued support for joint initiatives and projects.
In turn, Cathrina Claas-Mühlhäuser congratulated Kassym-Jomart Tokayev and the people of Kazakhstan on the success of the referendum on the adoption of the new Constitution.
The meeting highlighted the great potential to expand trade, investment, and industrial cooperation, with particular focus given to deepening bilateral ties in energy, machinery, agriculture, logistics, and water management.
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Kazakhstan, Mongolia trade to reach USD 500 mln
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Kazakhstan and Mongolia plan to raise their bilateral trade turnover to 500 million US dollars, President Kassym-Jomart Tokayev said, delivering the joint statement following talks with the Mongolian President at the Akorda Palace in Astana, Qazinform News Agency reports.
He said last year trade turnover between the two countries reached 130 million US dollars that is 7.7% more compared to the previous year.
Kassym-Jomart Tokayev emphasized that both nations have the economic potential to achieve further growth. To this end, the nations set a goal to increase their trade up to 500 million US dollars in the coming years. It is crucial to expand mutual trade and reduce barriers hindering economic cooperation.
The Head of State noted a month ago that the country’s trading mission paid a working visit to Mongolia.
As stated there, a temporary trade agreement between Mongolia and the Eurasian Economic Union (EAEU), ratified last year, opens new opportunities for both sides.
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Kostanay may become future site for NPP - Satkaliyev
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Chairman of Kazakhstan’s Nuclear Energy Agency Almassadam Satkaliyev has identified potential sites for the construction of nuclear power plants, Qazinform News Agency reports.
He noted that several key locations are currently under consideration.
First of all, the Balkhash area, which can accommodate up to six large power units. There is also Kurchatov, a site with strong potential for the development of small and medium-sized reactors," Satkaliyev said on the sidelines of the Akorda.
He also highlighted western Kazakhstan, where there is already experience in operating energy facilities.
In addition, several other sites across the country are currently under study. In the longer term, Kostanay could also become a promising location for nuclear power plant construction in Kazakhstan, possibly in 20-30 years," the agency head added.
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Kazakhstan and Wallonia Strengthen Partnership in Key Economic Sectors
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Ambassador of Kazakhstan to Belgium Roman Vassilenko held a meeting with Pascale Delcomminette, CEO of the Wallonia Export and Investment Agency (AWEX) and Wallonia-Brussels International (WBI), Ministry of Foreign Affairs of the Republic of Kazakhstan reports.
The parties discussed prospects for expanding trade, economic and investment cooperation between Kazakhstan and the two Belgian regions, with particular focus on priority areas such as critical minerals and metallurgy, petrochemicals, agriculture and agri-tech, logistics and the development of the Trans-Caspian International Transport Route (Middle Corridor), digitalization and artificial intelligence, green energy, as well as science, education and innovation.
The Ambassador noted that Kazakhstan remains a reliable partner of the European Union and Belgium, consistently implementing economic reforms aimed at diversifying the economy and attracting investment. It was emphasized that Kazakhstan plays an important role in ensuring global resource security, being the world’s largest producer and exporter of uranium and a key supplier of critical raw materials.
Special attention was given to the development of industrial cooperation and the creation of value-added chains. Kazakhstan is interested in attracting Walloon companies possessing advanced technologies and expertise in metallurgy, chemical industry, pharmaceuticals and engineering solutions. The interlocutors also discussed issues of digital transformation, development of artificial intelligence and the green transition, including projects in the field of renewable energy.
As noted by Pascale Delcomminette, trade between Kazakhstan and Wallonia is experiencing dynamic growth; however, it still holds significant potential for further expansion and qualitative development.
At the conclusion of the meeting, the parties emphasized the importance of strengthening direct contacts between business communities, including through the organization of business missions, sectoral forums and B2B meetings with the participation of Walloon companies, highlighting the key role of AWEX in promoting cooperation.
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Kazakhstan Strengthens Dialogue with U.S. Business and Expert Community
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On the sidelines of the Spring Meetings of the World Bank Group and the International Monetary Fund, the Kazakh delegation, led by Representative of the President of the Republic of Kazakhstan for negotiations with the United States on priority issues of bilateral cooperation, Erzhan Kazykhan, held a series of meetings with representatives of the American expert and business communities, Ministry of Foreign Affairs of the Republic of Kazakhstan reports.
During discussions with U.S. think tanks, the Kazakh side outlined key political and economic priorities, highlighting the adoption of the new Constitution as the foundation of the country’s political modernization.
Ambassador Kazykhan noted that the recent referendum demonstrated a high level of public engagement in the country’s development processes. The constitutional reforms establish a solid institutional framework for further strengthening Kazakhstan as a dynamic and competitive state capable of responding to contemporary challenges. The new Constitution also enshrines an updated system of governance, preserving a strong presidency while enhancing the role of Parliament and increasing government accountability.
Particular attention was also given to measures aimed at improving the investment climate, strengthening the resilience of the financial system, and advancing the digital economy.
The parties exchanged views on practical aspects of expanding bilateral economic cooperation. Kazakhstan’s role as a reliable U.S. partner in Central Asia was reaffirmed, along with priority areas for American business engagement, including energy, mining, technology, finance, and infrastructure.
The discussions brought together representatives of U.S. political circles, leading think tank experts, and members of the business community. The session was moderated by Ambassador John Herbst, Senior Director of the Eurasia Center at the Atlantic Council.
A separate meeting of the U.S.-Kazakhstan Business Council was held at the U.S. Chamber of Commerce, bringing together senior executives from leading American companies, including Chevron, ExxonMobil, PepsiCo, Morgan Stanley, Citi, Nasdaq, and Meta.
The parties identified key areas of cooperation, including the development of collaboration in critical minerals, the expansion of transport and logistics routes, digitalization and the deployment of artificial intelligence technologies, as well as human capital development.
Special Envoy briefed participants on ongoing socio-economic reforms in Kazakhstan, underscoring the steady growth of the national economy and the country’s strong investment appeal. He noted that Kazakhstan’s GDP reached $300 billion last year, placing it among the world’s 50 largest economies.
Governor of the National Bank of Kazakhstan, Timur Suleimenov, separately highlighted the country’s achievements in ensuring macroeconomic stability, maintaining resilient public finances, and advancing reforms in the tax and banking sectors. These efforts position Kazakhstan as a key investment destination in Central Asia and a major transit hub across Eurasia.
The Kazakh side reaffirmed its commitment to further expanding cooperation with U.S. businesses and emphasized the consistent support of the country’s leadership for initiatives aimed at protecting investors’ rights and fostering a favorable business environment.
Following the meetings, both sides confirmed their mutual interest in deepening economic partnership and agreed to continue an active dialogue across all areas of bilateral cooperation.
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