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Since May of this year, the tenge has depreciated by almost 20% to around 520 per dollar. In November alone, the depreciation amounted to 5%. In response to this, the Central Bank raised the base rate by 100 basis points to 15.25%, and also intervened ...
The February 2019 tragedy exposed the challenges faced by large families struggling to survive on meager benefits. In the aftermath, the authorities acknowledged that "measures to provide assistance to large families [were] insufficient" and started ...
By the end of 1966, there were 19 movie theaters in Almaty, 10 of which had permanent shows. Eight million viewers sat on their chairs that year. Tselinny was the largest of the landmark theaters, serving as both an entertainment hub and an educational ...
During Putin’s visit on November 28, hackers were able to change the script to an LED screen at a busy intersection in Astana to show the colors of the Ukrainian flag. The screen was soon turned off and rebooted, but the act was deemed a reaction to ...
But his younger sister could not be there this time. On November 9, 2023, Saltanat Nukenova, 31, was brutally murdered by her husband, former minister of economy Kuandyk Bishimbayev. Footage from the restaurant in Astana where the murder took place shows ...
How do you reflect on your tenure as the EU Special Representative for Central Asia, and how do you see the relationship between the EU and Central Asia evolving in the near future? I started in July 2021, just as the regime change happened in Afghanistan ...
On 14 August 1962, city authorities designated a two-hectare plot of land at the intersection of Kalinin (now Kabanbai Batyr) and Masanchi streets for the construction of a cinema. Kalinin Street was a major landmark of Almaty in the 1960s, home to a ...
After being decriminalized in 2017 and up until the Bishimbayev trial, domestic violence was only considered an administrative offense. Now, critics fear that harsher laws might not lead to change in practice. The incidence of domestic violence in ...
Askhat Khassenov, the head of state-owned oil and gas company Kazmunaigas, told the press on November 22 that striking oil workers in Zhanaozen should return to work unless they want to face legal consequences. The workers are employed by UBR, a drilling ...
President Kassym-Jomart Tokayev has strengthened Kazakhstan’s super-presidential system. Yet, in the aftermath of the murder in Talgar, we talk about regional power groups, independent from the center. Isn’t this a paradox? The central government cannot ...
Masdar, the UAE’s state-owned renewable energy company, signed on November 13 the investment agreement for its prospective 1 GW wind farm in Kazakhstan’s Zhambyl region. The signing ceremony was held on the sidelines of COP29 in Baku and witnessed by ...
Residents of Talgar will elect a new mayor on December 15, the local administration said on November 8. The former mayor was fired after the brutal murder of a 16-year-old in October. Khasan Kassymbayev, the alleged leader of the ‘Khutorskie’ organized ...
Finance minister Madi Takiyev told Vlast on October 30 that the government plans to balance half of this year’s outstanding budget deficit of 4 trillion tenge ($8.2 billion) with transfers from the National Fund. Tax revenues and dividends from state- ...
An Italian company imported around 200,000 cannon shells from India, then shipped them – with permission from the Italian government – to Slovakia and, ultimately, to Ukraine. This scheme marks an unofficial addition to the military aid that two ...
The Kyzylorda police department said on October 21 that it holds in custody eleven suspects, including five minors, in the case of sexual slavery that had emerged in August in the southern city. According to early testimonies, school administrators, as ...
Russia halted imports of grain from Kazakhstan, its agricultural regulator said on October 17. There have been tensions regarding allegedly pest-infested grain supplies in recent weeks, leading to a diplomatic spat. Kazakhstan is still allowed to use ...
According to the ministry of finance, the deficit amounted to 2.2 trillion tenge ($4.5 billion) in 2023. However, according to Halyk Finance analysts, without cash injections from the National Fund, it would have stood at 11.6 trillion tenge ($24 billion ...
The government asked for an additional 2 trillion tenge ($4 billion) from the National Fund to finance the budget, the Central Bank chief Timur Suleimenov said on October 11. The government has ramped up the use of its “rainy day” fund in recent years, ...
Ever since taking power in 2019, Tokayev had also announced a number of reforms, but the changes only further stifled opposition and political participation. Тhe trend continued during the referendum, as police arrested and filed criminal cases against ...
Tamara Yeslyamova, the chief-editor of Uralsk Week, was fined 111,000 tenge ($230) and is facing a civil trial on October 4 for having conducted an unsanctioned public survey on the possible construction of a nuclear power plant. Since the referendum was ...