Samruk Kazyna posts 13% revenue growth since 2021
Images | telegram/Samruk-Kazyna official
Year-on-year revenue for Samruk Kazyna joint-stock company was up 13% in 2021/24, Kazinform News Agency reports.
During a meeting with Nurlan Zhakupov, Chairman of the Board of Samruk Kazyna, on Monday, President Kassym-Jomart Tokayev of Kazakhstan was briefed about the company’s performance in 2024 and plans for the upcoming period.
President Tokayev learnt that the year-on-year revenue for Samruk Kazyna joint-stock company was up 13% in 2021/24.
According to Zhakupov, the investment portfolio of Samruk-Kazyna Group of Companies includes 130 projects worth 100 billion US dollars. Seven major investment projects, including the construction of the second set of train tracks on Dostyk-Moynty section, a railway route bypassing Almaty and a container hub at Aktau Port, are slated for completion this year.
The Kazakh President was also informed about the support measures offered to domestic producers in 2024, who secured contracts worth 1.1 trillion tenge. The number of offtake contracts signed was 10fold higher than in 2023.
In conclusion, Tokayev highlighted the importance of enhancing the efficiency and increasing the value of Samruk Kazyna’s assets as well as placing special attention to priority infrastructure projects.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
relevant news
International tourists spend over USD 2.6 bln in Kazakhstan in 2024
Tourism is regarded as one of the priorities to have Kazakhstan’s economy diversified, Kazinform News Agency cites the Kazakh Tourism and Sports Ministry.
International tourist arrivals also contribute to the development of tourism-related industries. Expenditures by an international inbound traveler within Kazakhstan stand at 1,200-1,500 US dollars.
Last year, international tourists spent over 2.6 billion US dollars in Kazakhstan.
Tourists from China spent the most compared to other nationalities while traveling to Kazakhstan, up to 307 million US dollars, German tourists’ expenditures made 56 million US dollars, while visitors from Turkiye and the U.S spent 53 million US dollars and 47 million US dollars respectively.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Kazakhstan to reduce special tax regimes
Images | Depositphotos
Deputy Prime Minister - National Economy Minister Serik Zhumangarin announced special tax regimes will be improved in Kazakhstan, Kazinform News Agency reports.
One of the most debated issues of the draft Code is special tax regimes. The number of special tax regimes will be reduced from the current seven to three, he told the Majiis session.
In particular, a new privileged regime will be applied for self-employed workers, a special tax regime on the basis of simplified declaration, and a special tax regime for farms households.
As earlier reported, the Kazakh Government suggested reducing the VAT accounting threshold to 40 mln tenge.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Price of Brent oil down below $64 per barrel on ICE for first time since April 26, 2021
Images | depositphotos
The price of futures contracts of Brent crude oil for June 2025 delivery has dropped below $64 per barrel on London's ICE for the first time since April 26, 2021, according to trading data, TASS reports.
As of 1:09 a.m. Moscow time (10:09 p.m. GMT, Sunday) the Brent price was down 2.41% at $63.97 per barrel.
By 1:27 a.m. Moscow time (10:18 p.m. GMT, Sunday) the price of Brent futures contracts had extended losses to 3.25% reaching $63.45 per barrel. Meanwhile, the price of futures contracts of WTI crude oil for May delivery was down by 3.36% at $59.92 per barrel.
The continued drop in oil prices follows an April 3 statement by OPEC, which announced that eight OPEC+ member countries would accelerate production growth in May to 411,000 barrels per day, up from the initially planned 135,000 barrels per day.
According to experts interviewed by TASS, the decision aligns with the current balance in the oil market. The situation is favorable enough for the alliance to begin restoring previously reduced production volumes, despite the ongoing decline in prices.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Domestic tourism grows by 44% in Kazakhstan over 5 years
Kazakhstan’s domestic tourist flow grew to 9.6 million in 2023 from 6.7 million in 2019, Kazinform News Agency cites the National Statistics Bureau.
After the fall in 2020, domestic tourism of Kazakhstan rebounded, surpassing pre-pandemic levels in 2021. Last January-September, the country's hotels welcomed 6 million domestic travelers.
The Almaty mountain cluster and Shchyuchinsk resort area remain the most popular places to go. Last year the said regions ranked among the top three priority destinations.
Among the most popular tourist areas in Kazakhstan are the Almaty mountain cluster, Shchyuchinsk resort area, Mangistau resort area, Alakol resort area in Zhetsyu and Abai regions, Balkhash resort area which recorded a rise in tourists by 17% against the last year.
Kazakhstan’s domestic travelers rose to 8.6 million people since 2022, while outbound tourism reached 7.7 million.
The number of domestic visitors was 6,657,500 in 2019, 4,463,200 in 2020, 6,910,100 in 2021, 8,607,600 in 2022, and 9,569,700 in 2023 and is projected to rise as high as 10.5 million in 2024.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
March economic snapshot: Regional and sectoral inflation insights
Images | Depositphotos
The Bureau of National Statistics' most recent annual inflation figures revealed notable rises in a number of industries. Prices for consumer products, housing utilities, services, and transportation increased over the same period last year, the Bureau of National Statistics reports.
Compared to March last year, tariffs for cold water increased by 88.4%, water disposal - by 23.7%, central heating - by 19%, hot water - by 14.6%, electricity - by 14.3%, gas transported through distribution networks - by 13.3%, garbage collection - by 11.1%, payment for housing maintenance - by 11%.
Prices for services of organization of comprehensive recreation increased by 47.3%, connection services - by 13.9%, health services - by 13.4%, maintenance and repair of personal vehicles services - by 12.9%, hairdressers and personal service establishments - by 12.6%, catering services - by 11.3%, recreation and sporting activities services - by 9.2%. Travel by rail passenger transport increased by 23.6%, city bus - by 11.2%, air passenger transport - by 10%. The cost of renting housing increased by 14.9%.
The price level for audiovisual and photographic equipment increased by 48%, jewelry and watches - by 26.6%, new cars - by 21.6%, carpets and other floor coverings - by 13.9%, clothes and shoes - by 10.9%, furniture and household items - by 10%. Liquefied gas in cylinders rose in price by 23%, firewood - by 14.8%.
Increases in prices was noted for potato by 66.4%, bulb onions - by 32.2%, cabbage - by 27.3%, mineral and drinking water - by 17.1%, sunflower oil - 16.8%, confectionery - by 15%, tomatoes - by 14.9%, bananas - 14.6%, alcoholic drinks and tobacco products - by 13%, butter - by 12.2%, fruit and vegetable juices - by 11.4%, beef - by 11.2%, gold drinks - by 11.1%, fish and seafood - by 10.6%. A decrease in prices was observed for buckwheat by 17.7%, eggs - by 8.3%, carrot - by 7.4%, rice - by 6.3%.
Regionally in March 2025, the inflation rate exceeding the republican average was in seven regions, of which the highest was in Astana city (13.3%), Karagandy (12.1%), Akmola (12%) regions.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.