Kazakh Prime Minister Advocates to Enhance EAEU Trade, Economic Ties in Bishkek

Kazakh Prime Minister Alikhan Smailov called on the Eurasian Economic Union (EAEU) member states to develop trade and economic cooperation during an Oct. 26 meeting of the Eurasian Intergovernmental Council in Bishkek, reported the Prime Minister’s press service. Smailov outlined that the EAEU has become a trustworthy regional integration association in over a decade. “Today, … Read more

EU Welcomes Kazakhstan’s Ambition to Become Transport and Logistics Hub

The European Union (EU) supports Kazakhstan’s aspiration to become a transportation and logistics hub, Hors Classe Adviser of the European Commission Henrik Hololei said at an Oct. 19 meeting with Kazakh Deputy Foreign Minister Nazira Nurbayeva, reported the ministry’s press service. According to Hololei, the EU offers participation in infrastructure projects and the attraction of … Read more

Kazakhstan economy grows by 4.7% in 9 months

The Government session considered the results of socio-economic development of Kazakhstan and the execution of the national budget for January-September this year, primeminister.kz reports. Minister of National Economy Alibek Kuantyrov reported that during the reporting period, the growth rate of the country’s economy amounted to 4.7%. Positive dynamics in the real sector amounted to 3.7%, … Read more

Kazakhstan, Luxembourg Achieve $16 Million Trade Turnover in January-June

Trade turnover between Kazakhstan and Luxembourg reached $16 million in January-June, said Director General of BeNeLux Chamber of Commerce Anuar Kurzhikayev at an Oct. 2 business forum in Almaty, reported the forum’s press service. The forum gathered representatives of 14 large Luxembourg companies working in information technology, high-tech manufacturing and financial services. “These are mainly … Read more

Kazakhstan’s Non-Oil Trade Turnover Totals $46.7 Billion in January-July

Kazakhstan’s trade turnover of non-oil goods increased by 21.7% to $46.7 billion in January-July, Vice Minister of Trade and Integration Kairat Torebayev said at a Sept. 25 briefing in the Central Communications Service, reported the ministry’s press office. Non-oil exports accounted for $14.2 billion, with copper and copper cathodes constituting 12.9% of the share, ferroalloys … Read more

Kazakhstan Showcases Its Trade Opportunities at Hong Kong’s Belt and Road Summit

Kazakh Minister of Trade and Integration, Arman Shakkaliyev, presented Kazakhstan’s trade opportunities at the eighth Belt and Road Summit in Hong Kong on Sept. 13, reported the Prime Minister’s press service. Identifying China as Kazakhstan’s second-largest trading partner, Shakkaliyev cited a trade turnover of $24.2 billion for 2022. He expressed the intention to boost non-oil … Read more

Kazakhstan ready to increase supplies of its products to China – Alikhan Smailov

Alikhan Smailov, Prime Minister of the Republic of Kazakhstan, and Lin Wu, Secretary of the Party Committee of Shandong Province of China, discussed the activation of cooperation in trade and economic and transport and logistics spheres, primeminister.kz reports. Head of the Government noted that today more than 6% of the total volume of trade between … Read more

Kazakhstan Projects Economy’s Average Annual Growth at 5.8%

The average annual growth of Kazakhstan’s economy in the next five years is projected at 5.8%, Minister of National Economy Alibek Kuantyrov said at an Aug. 29 government meeting dedicated to the forecast for the country’s socio-economic development, reported the Prime Minister’s press service. The forecast considered the expectations of international financial organizations regarding the … Read more