News by tag - Economy

Address-2024: Implementation of the President’s Instructions in the Agricultural Sector

In his Address to the Nation “Fair Kazakhstan: Law and Order, Economic Growth, Public Optimism”, President Kassym-Jomart Tokayev paid special attention to the development of the agro-industrial complex.

Social Commitments and Economic Support: Ministry of Finance Presented the Draft Budget for 2026–2028

At a Government session chaired by Prime Minister Olzhas Bektenov, Minister of Finance Madi Takiyev presented the draft Law “On the Republican Budget for 2026–2028.”

Government approved forecasts for socio-economic development and the draft budget for 2026–2028

At a Government session chaired by Prime Minister Olzhas Bektenov, forecasts for socio-economic development for 2026–2028 and until 2035, as well as the draft republican budget for the upcoming three-year period, were approved. The volumes of general transfers for 2026–2028 were also reviewed.

Olzhas Bektenov on the Development of the Mining and Metallurgical Complex: Priority – Deep Processing, Expansion of the Resource Base, and Modernization of Production

At a Government session chaired by Prime Minister Olzhas Bektenov, measures to develop the mining and metallurgical complex were considered in accordance with the instructions of the Head of State.

Olzhas Bektenov Chairs Meeting of Economic Policy Council: Inflation Containment Measures and Socio-Economic Forecast Parameters Discussed

Prime Minister Olzhas Bektenov chaired a meeting of the Economic Policy Council, which focused on measures to contain inflation and on the parameters of the country's socio-economic development forecast for the coming years.

Mechanical Engineering Shows Over 11% Growth in First Half of the Year

In the first six months of 2025, Kazakhstan’s mechanical engineering sector demonstrated economic growth of 11.1%. Opportunities for further acceleration and unlocking the sector’s additional potential were the subject of detailed discussion at a meeting of the Economic Growth Task Force chaired by Deputy Prime Minister – Minister of National Economy Serik Zhumangarin.

Digital Tenge to Ensure Transparent Oversight of Projects Funded by the National Fund and State Budget

The Government is strengthening control over the targeted use of budget funds. Prime Minister Olzhas Bektenov announced this during a briefing with journalists.

Olzhas Bektenov on Doubling GDP: An Ambitious but Achievable Goal

Prime Minister Olzhas Bektenov, speaking at a briefing following the Government meeting, addressed journalists’ questions regarding the Head of State’s goal to grow Kazakhstan’s economy to $450 billion by 2029.

Implementation of the President's Instructions on Economic Development: The Government Ensured 6.2% GDP Growth in the First Half of the Year

At the Government session chaired by Prime Minister Olzhas Bektenov, the results of socio-economic development and execution of the republican budget for the first six months of the current year were considered.

Prime Minister Olzhas Bektenov Participates in 17th Economic Cooperation Organization Summit on Behalf of the President

Prime Minister of the Republic of Kazakhstan Olzhas Bektenov took part in the 17th Summit of the Economic Cooperation Organization (ECO), held in the city of Khankendi, Azerbaijan.

Under the “Tariff in Exchange for Investment” Program, 99.3 Billion Tenge Attracted for Water Supply Network Repairs

At the Government session of the Republic of Kazakhstan, Deputy Minister of National Economy Asan Darbayev stated that modern challenges require a comprehensive approach—combining technical modernization, the introduction of innovative and water-saving technologies, digital transformation of the sector, and institutional and tariff reforms.

Kazakhstan-German Business Council meeting held in Astana

The 16th meeting of the Kazakhstan-German Business Council took place in Astana with the participation of First Deputy Prime Minister of Kazakhstan Roman Sklyar. The event brought together representatives of key ministries, leadership of Baiterek National Managing Holding, and leading members of the Kazakhstan business community. The main focus of the meeting was the current state and future prospects of bilateral economic cooperation.

Olzhas Bektenov discusses economic development issues with experts

Prime Minister Olzhas Bektenov held a meeting with experts, during which current issues related to economic development were discussed.

Kostanay Region: Socio-Economic Development Results for Q1 2025

Kostanay Region continues to demonstrate positive momentum across key areas of socio-economic development. The population is growing, industry and agriculture are advancing, and small and medium-sized businesses are becoming more active. Investment in the region is increasing, while measures are being implemented to improve education, healthcare, and the social sector.

Baiterek's 8 trillion gives 1.3% additional GDP growth

Baiterek Holding's eight trillion tenge to support entrepreneurship and the implementation of key national and investment projects already this year will give 1.3% additional contribution to real GDP growth in Kazakhstan.

Kazakhstan to invest $15bn in oil and gas chemical development by 2030

The Minister of Energy Yerlan Akkenzhenov reported on the current situation and prospects for the development of the oil and gas chemical industry at the meeting of the Government. He emphasised that this area is one of the priorities in reorienting the oil and gas sector from the raw materials model to the production of high value-added products.