14.08.2024, 19:19 139296
Olzhas Bektenov and Deputy Prime Minister of Thailand discuss prospects for trade and economic and investment cooperation
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During the meeting of Prime Minister of the Republic of Kazakhstan Olzhas Bektenov with Deputy Prime Minister of the Kingdom of Thailand Phumtham Wechayachai discussed key issues of bilateral relations concerning the development of trade, cooperation in tourism and sports, as well as prospects for the implementation of joint investment projects and increasing exports of Kazakh products, primeminister.kz reports.
In 2023, trade turnover between Kazakhstan and Thailand reached $367 million. The parties considered the possibility of expanding the range of domestic agro-industrial goods supplied to the Kingdom. In particular, Kazakhstan is interested in exporting meat, fruits and vegetables, cereals, flour products, vegetable oils and other agro-industrial products.
On the instructions of the Head of State, we are developing a national commodity distribution system with an appropriate infrastructure for storage and distribution of agricultural products. This will create the necessary conditions for the formation of an agro-food hub in our country. Deepening cooperation between Kazakhstan and Thailand in this matter is mutually beneficial and promising," Olzhas Bektenov stressed, noting the wide opportunities of Kazakhstan and Thailand in the implementation of relevant investment projects.
In turn, Phumtham Wechayachai expressed confidence in strengthening trade and economic ties between Thailand and Kazakhstan.
This morning we signed an agreement on economic interaction. I believe that this document contributes to the expansion of co-operation in various fields, including trade, economy and investment," Phumtham Wechayachai said.
During the meeting the positive dynamics of development of relations in the sphere of tourism, including granting by the Government of Thailand visa-free regime for citizens of Kazakhstan was noted. Opening of the Consular office in Phuket will provide the necessary support for Kazakhstani citizens staying in Thailand.
In addition, the possibility of using the transit potential of Kazakhstan in the context of the development of the Trans-Caspian route was discussed.
At the end of the meeting, the parties expressed their intentions to deepen economic co-operation between the two countries.
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19.03.2026, 17:30 4216
Kazakhstan and Georgia Discussed the Development of Investment Cooperation
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Gabidulla Ospankulov, Chairman of the Investment Committee of the Ministry of Foreign Affairs of Kazakhstan, met with Levan Diasamidze, Ambassador of Georgia, Ministry of Foreign Affairs of the Republic of Kazakhstan reports.
During the talks, prospects for developing bilateral cooperation in the fields of agriculture, logistics, and tourism were discussed.
The parties discussed opportunities for further development of trade, economic, and investment relations, particularly issues related to expanding cooperation through mutual participation.
Participants paid special attention to discussing projects on the logistics infrastructure of the Trans-Caspian International Transport Route (Middle Corridor), as well as agro-industrial cooperation projects.
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19.03.2026, 13:10 3846
BAE Systems exits Air Astana’s shareholder structure
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BAE Systems has been a key partner of Air Astana since the airline’s founding. A statement regarding the sale of BAE Systems’ stake in Air Astana was made on March 19, 2026, Qazinform News Agency reports.
Air Astana reported that BAE Systems plans to sell its remaining stake in the company. For more detailed information about the transaction, the national carrier advised referring to the public disclosures of the British company.
BAE Systems has been a key partner of Air Astana since its establishment. The airline was created in 2001 as a joint venture between the Government of the Republic of Kazakhstan and BAE Systems.
As part of Air Astana’s IPO in 2024, BAE Systems reduced its stake to 16.95%, and in December 2025 sold an additional 10.1%.
We recognise that Air Astana was no longer a core holding in the context of BAE Systems’ wider operations and we look forward to welcoming new shareholders to the Group at this exciting point in our development. We also note the increase to our free float as a function of the sale," the statement reads.
Recently, Air Astana published its full‑year 2025 financial results, showing growth in revenue and carrying capacity. According to the company, total revenue increased by 11.4% to USD 1,453.9 million, EBITDAR rose by 0.8% to USD 321.2 million, and the margin stood at 22.1%.
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18.03.2026, 16:48 17581
Kazatomprom’s uranium sales up 11% in 2025
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President Kassym-Jomart Tokayev held a meeting with Kazatomprom Chairman Meirzhan Yusupov, focusing on the 2015 results as well as future plans, Qazinform News Agency cites Akorda.
Yusupov said Kazatomprom accounted for 13,500 tons of uranium out of the holding’s total output of 25,800 tons in 2025. The company’s uranium sales rose 11 percent to 18,500 tons.
He added geological exploration work is underway as part of the broader effort to boost the country's mineral resource base following the directives from the head of state. The company expanded its portfolio with six new promising uranium sites on the area of over 1,000 square kilometers amidst the goals to bring total investments in exploration to 75-85 billion tenge by 2030.
As part of its social commitments in uranium mining regions, the company allocated up to 11 billion tenge for socio-economic development programs, including 6 billion tenge under the contracts, in 2025.
Its 2025-2034 development strategy eyes new markets, as last year contracts on uranium supplies were signed with AxpoPower AG (Switzerland) и ČEZ Group (Czech Republic), as well as Japan’s Kansai Electric Power Co., Inc.
Currently, Kazatomprom is working to secure a long-term contract to supply uranium ore concentrates to India. While boosting its efforts in research and innovation, the company has developed the Science and Technology Development Strategy 2034, aimed at enhancing production efficiency, mitigating environmental impact, and adopting advanced technologies.
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18.03.2026, 13:45 17856
Kazakhstan’s non-primary exports hit $41bn
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President Kassym-Jomart Tokayev on Wednesday met with Trade and Integration Minister Arman Shakkaliyev, who reported on current trade dynamics and future strategic priorities, Qazinform News Agency reports via Akorda.
During the meeting, Shakkaliyev said trade was among the key areas of the Kazakh economy, contributing to around 19 percent of GDP in 2025.
Investment inflows into the sectors amounted to 1.2 trillion tenge, while total trade turnover rose 8.9 percent to 80.3 trillion tenge.
The minister also informed that last year saw the e-commerce market size stand at 3.9 trillion tenge or 15 percent of retail trade turnover.
The country has built a network of 10 logistics hubs, while construction of two major fulfilment centers is underway in Astana and Almaty.
Despite the global economic challenges, Kazakhstan’s non-primary exports of goods and services reached 41 billion US dollars.
As parts of the country’s support measures for exporters, insurance capacity has been expanded to 1.2 trillion tenge, while overall support has doubled.
Speaking about the efforts within the Eurasian Economic Union, Shakkaliyev said that 69 out of 70 trade barriers have been eliminated since its inception. Following the talks, the country secured better deals, including exemptions from anti-dumping duties via allocated import quotas for Kazakhstani companies.
Following the meeting, President Kassym-Jomart Tokayev set a number of tasks to the ministry, aimed at forming a modern trade ecosystem, fostering favorable conditions for domestic manufacturing growth, ensuring comprehensive protection of consumer rights, enhancing export potential, as well as promoting economic interests of the country.
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16.03.2026, 12:25 37126
Kazakhstan and Luxembourg Strengthen Political Dialogue and Economic Cooperation
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As part of a working visit to Luxembourg, Ambassador Roman Vassilenko held a number of meetings with representatives of the legislative and executive branches, the European Investment Bank (EIB), and the country’s business community, Ministry of Foreign Affairs of the Republic of Kazakhstan reports.
During a meeting with Veronique Dockendorf, Political Director of the Ministry of Foreign and European Affairs of Luxembourg, the parties discussed current issues on the bilateral agenda and cooperation between Kazakhstan and the European Union. They reviewed ways to intensify political and trade-economic cooperation, interaction and mutual support within international organizations and institutions, as well as plans to hold the next round of inter-ministerial consultations later this year. The parties also discussed the possibility of establishing a Kazakhstan-Luxembourg Business Council and organizing Kazakhstan Cultural Days in Luxembourg.
As part of the working program, the Ambassador also met with Yasuko Müller, Diplomatic Adviser to the Prime Minister of Luxembourg. The sides exchanged views on the current international situation and discussed energy issues and avenues for cooperation between the two countries in both bilateral and multilateral formats.
Prospects for expanding trade and economic cooperation were discussed during a meeting with Cindy Tereba, Director of the International Cooperation Department of the Luxembourg Chamber of Commerce. Particular attention was paid to developing partnerships in the fields of finance, logistics, innovation and the digital economy. Plans were also discussed to organize a trade mission of Luxembourg companies to Kazakhstan in October 2026.
A separate meeting was held with Thuraya Triki, Director of the International Cooperation Department of the European Investment Bank, and David Monguzzi, EIB Manager for Central Asia. The discussion focused on potential EIB financing for projects in Kazakhstan, including the construction of highways, development of transport infrastructure, projects in the field of rare earth metals, and practical coordination mechanisms to attract investment into these projects.
A meeting was also held with representatives of the international mining and metallurgical group Eurasian Resources Group, during which prospects for investment cooperation and the implementation of joint projects were discussed.
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14.03.2026, 18:06 62366
Kazakhstan to build 160 MW combined cycle power plant in Aktau
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As part of implementing the instructions of President Kassym-Jomart Tokayev, the Government has approved the signing of an investment agreement for the construction of a 160 MW combined cycle power plant in the city of Aktau between the Ministry of Energy of Kazakhstan and Aktau Energy Company LLP, Qazinform News Agency reports.
The corresponding resolution was signed by Prime Minister Olzhas Bektenov.
According to the Government’s press service, Aktau Energy Company was established in 2024 jointly with China Huadian Corporation - a state corporation that ranks among China’s five national electricity producers.
The project is expected to attract around 108 billion tenge in investment, with 70% provided by the Chinese investor and 30% by the Kazakh side. The combined cycle power plant at the MAEK LLP site is scheduled to be commissioned in June 2027.
Under the terms of the agreement, the investor will create more than 300 new jobs for Kazakh specialists. The project also includes annual grants for employees to pursue master’s degrees in electric power engineering at specialized universities in China, along with the introduction of a continuous training system and professional development programs for Kazakh personnel.
At the end of the agreement term, the combined cycle power plant will be transferred to MAEK LLP free of charge.
It should be recalled that Aktau Energy Company had previously begun work to expand the existing capacities of MAEK LLP.
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13.03.2026, 12:45 76306
Kazakhstan and Malaysia Strengthen Cooperation in Trade, Investment and Industry
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Ambassador of Kazakhstan to Malaysia Bulat Sugurbayev held a meeting with Malaysia’s Minister of Investment, Trade and Industry Johari bin Abdul Ghani. The meeting was also attended by Rustam Karagoyshin, Chairman of the Management Board of the National Managing Holding "Baiterek", as well as the leadership of the Damu Entrepreneurship Development Fund, the Industry Development Fund, and representatives of Allur Group, Ministry of Foreign Affairs of the Republic of Kazakhstan reports.
Ambassador B. Sugurbayev noted the significant growth in bilateral trade, which increased by 53% in 2025 to reach USD 221 million. A positive impetus to cooperation was provided by the visit of a Kazakh trade delegation led by the Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev, as well as the signing of a Memorandum of Cooperation between QazTrade and its Malaysian partner MATRADE last year.
Johari bin Abdul Ghani noted that Malaysia views Kazakhstan as an important partner and a major regional hub for accessing the markets of Central Asia. The Minister expressed readiness to further strengthen trade, economic and investment cooperation. The parties also discussed the development of bilateral cooperation mechanisms, including the next meeting of the Joint Trade and Economic Committee and the activation of the Kazakhstan-Malaysia Business Council.
Particular attention was paid to transport and logistics cooperation. Ambassador Sugurbayev highlighted Kazakhstan’s strategic role as a transit hub between Asia and Europe, including within the framework of the development of the Trans-Caspian International Transport Route (TITR). It was noted that the expansion of railway connectivity between mainland Southeast Asia and China creates additional opportunities to integrate cargo flows with this route. The Ambassador expressed confidence that Kazakhstan could serve as an important platform for Malaysian companies seeking to enter not only the markets of Central Asia and the Eurasian Economic Union, but also Europe. He also proposed considering the establishment of a Malaysian Trade House at the Khorgos International Centre for Cross-Border Cooperation.
Rustam Karagoyshin, Chairman of the Management Board of Baiterek, informed about plans to involve the Malaysian company Proton in the development of the automotive industry in Kazakhstan. The joint production project is expected to create a multiplier effect in Kazakhstan’s economy through job creation and support for local entrepreneurship.
In addition to this investment and technology partnership project, the delegation of Baiterek also discussed expanding cooperation with Malaysia’s financial sector, development institutions and organizations supporting small and medium-sized enterprises.
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12.03.2026, 21:01 87956
Kazakhstan launches extensive modernization of communal and energy infrastructures
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President Kassym-Jomart Tokayev announced that the Government has begun large-scale modernization of communal and energy infrastructures at the III Republican Forum of Maslikhat Deputies of all levels, Qazinform News Agency reports, citing the Akorda press office.
Maintenance works in all operating 37 thermal power plants (TPP) have been completed or planned. The task has been set to build three new TPP plants in Kokshetau, Semey, and Oskemen regions without any delays. The start of new combined-cycle gas turbine (CCGT) plants in the Turkistan and Kyzylorda regions has been planned. This year, more than 440 electrical substations and over 17,000 km of power grids are scheduled for modernization. The development of nuclear power is seen as a key factor for securing Kazakhstan’s power self-sufficiency and diversification of our economy. At the 2024 referendum, our citizens made a strategic decision to build the first nuclear power plant in Kazakhstan," the President stated.
The Head of State also noted that peaceful nuclear development and clean carbon generation are fields that help form our country’s sovereignty.
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