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Nasdaq-listed fintech Kaspi.kz said on March 27 it is close to acquiring Rabobank AS, the Turkish unit of Rabobank Group, a Dutch financial group. Once the deal goes through, it would be Kaspi.kz’s second major asset in Turkey, after it bought 65.41% of ...
Air pollution continues to severely affect the country’s largest cities, with former capital Almaty regularly making headlines as one of the world’s most polluted. This disconnect between government rhetoric and actual policy is obscured by frequent ...
Vlast celebrates its 13th birthday today, a good reason to send this letter of gratitude to you, our readers. When we launched, we knew the road ahead would be challenging–but we never imagined just how difficult it would turn out. Over these years, ...
In February alone, international news outlets BBC, Voice of America, Bloomberg, and Rossiya Segodnya, all saw their accreditations stripped, while the local Turan Information Agency announced it would cease operations due to financial limitations. Even ...
Tokayev created a new Atomic Energy Agency and appointed former minister of energy Almasadam Satkaliyev to be its new head on March 18. The new agency will be responsible for uranium mining, nuclear energy use, as well as radiation safety measures. [Read ...
Are we facing a global economic crisis? What will be the consequences of the decisions made by US President Donald Trump's administration? Just how will this ‘new normal’ reshape the global economic system? The global context remains fluid, these are ...
Yesterday, Satkaliyev was moved to the newly-created Atomic Energy Agency under the president, which left the top job at the ministry of energy vacant. Akkenzhenov had previously worked in the structures affiliated to the flagship oil and gas company ...
Tokayev’s decision follows his announcement last Friday during the latest meeting of the National Kurultai and is expected to accelerate the next steps in Kazakhstan’s nuclear energy development. The new Atomic Energy Agency, which will directly report to ...
Tokayev said that the social nature of the state will remain, despite the upcoming increase of VAT. He added that the government will have to collect more tax and reduce wasteful expenses. After Kazakhstan’s two time zones were merged last year, popular ...
For Bakhodir Elmurodov, 58, rice farming is a family tradition. He spent his childhood in his native Khorezm region among the rice fields on the banks of the Amu Darya, helping his parents run the farm. For him, rice is not just an agricultural crop, but ...
In the past months, Kyrgyzstan and Tajikistan had ironed out the last details about a border agreement that was decades in the making and cost thousands of lives during sporadic conflicts. The countries also agreed to reopen the border, which had remained ...
Kazakhstan’s Central Bank increased on March 7 the base interest rate by 1.25 percentage points to 16.5% in connection to worse forecasts concerning inflation. Prices are poised to grow faster than earlier expected, the regulator said, forecasting a 10-12 ...
People in Kazakhstan are immensely proud of their home-grown super app, which acts as the main banking, payments, and shopping platform for much of the nation. So proud, in fact, that any utterance against it feels sacrilegious. Like telling an Uzbek that ...
Kazakhstan’s government published on February 25 the official decree determining the southern Almaty region as the location of the prospective nuclear power plant. Specifically, the NPP will be built near the village of Ulken, close to Lake Balkhash. The ...
Freezing Assets Boranbayev was arrested in March 2022 in Astana, the capital city then-named Nur-Sultan. Local law enforcement agencies were investigating a series of gas resale transactions related to his companies, which they believed had caused ...
At the annual general meeting, scheduled for on March 28, the board will not recommend a payout to shareholders. “Considering previously quarterly paid dividends in 2024, the Board of Directors recommends not to pay dividends on common shares of JSC Kaspi ...
The document will now be subject to domestic ratification in both countries, and observers are hopeful that these last steps will be taken without further hiccups. Tensions around the contested border area had spiraled into violence in 2021 and 2022. ...
MetallStan LLP (also known as Stanex) and Kazstanex LLP became the latest companies added to the EU’s sanctions list. They both supplied machinery for industrial purposes. Both companies had already been sanctioned by the US. Kazstanex had been added in ...
Oil, Gas, and Diplomacy A drone attack against a pumping station in Russia on February 17 forced a reduction in throughput for the Caspian Pipeline Consortium, the main outlet for Kazakhstan’s oil exports. Ukrainian authorities took responsibility for the ...
Back in January, Yedil Zhanbyrshin, an MP from the ruling Amanat party, addressed Kazakhstan’s human rights activists with “greetings from Uncle Donald,” demanding that the activities of organizations in Kazakhstan that support the LGBT community be ...