Category: Kazakhstan
From Overtime to Downtime: Tracking Work and Leisure in Kazakhstan
Analysts at Finprom.kz have examined average working hours across different employment sectors in Kazakhstan, along with how people typically spend their leisure time. Standard Hours and Overtime As of the first quarter of 2025, Kazakhstan had 9.3 million registered employed citizens, a 1.3% increase compared to the same period last year. The majority, approximately 7.7 […]
Read moreThey established a new special economic zone in Kyzylorda region
As Kazinform News Agency reports, Prime Minister Olzhas Bektenov has signed a resolution to establish a special economic zone in Kyzylorda region.
An area of 550 hectares along the Western Europe – Western China international transport corridor will be occupied by the Qorqyt Ata SEZ.
The aims of the new SEZ are to fast track the development of modern high productive and competitive enterprises, to attract investments, to introduce new technologies in economy, and to raise employment.
They will introduce a special legal regime with the provision of tax and customs preferences in the SEZ.
According to expectations, the total volume of investments in the SEZ will have exceed 150 billion tenge (80 billion tenge with foreign investments) by 2049. There are predictions that the volume of production of goods and services will reach 500 billion tenge, 90% with local content.
The SEZ will create some 3,366 jobs in 39 resident companies within 25 years.
The document gives the status of a port area, as part of creation of multimodal aero-hubs and in line with the customs legislation to the special economic zones Ontustik, Astana-Technopolis, Saryarqa, Alatau and Aktobe.
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Read moreNew special economic zone established in Kyzylorda region
Prime Minister Olzhas Bektenov has signed a resolution to establish a special economic zone in Kyzylorda region, Kazinform News Agency reports. The Qorqyt Ata SEZ will occupy an area of 550 hectares along the Western Europe – Western China international transport corridor. The new SEZ is called to fast track the development of modern high productive […]
Read moreEmployment rate increased in Kazakhstan in Q1 2025
The total employment increased by 116.2 thousand people in Q1 2025 compared to the same period last year in Kazakhstan, reports the Statistics Agency. “Compared to Q1 2024, total employment increased by 116.2 thousand people, largely due to hired workers,” reads the report. In Q1 2025, 9,283.5 thousand people worked in various sectors of the […]
Read moreKazakhstan’s Young Workforce Grows, But Sectoral Gaps Persist
The youth labor market in Kazakhstan remains a vital topic amid the country’s ongoing economic transformation. According to analysts from Finprom.kz, approximately 1.8 million young people aged 15 to 28 were employed across the country in 2024, an increase of 0.6% compared to the previous year. Regional Distribution of Youth Employment The highest concentration of […]
Read moreKazakh VAT rise to 16% Jan 2026 update
4% VAT increase to 16% 2026 proposal; new 10% reduced rate; and lower registration threshold Kazakhstan’s Parliament lower house approved amendments to the Tax Code in a final reading on 30 April 2025. The Senate will now review the tax changes. The amendments to the VAT regime in the Tax Code would apply from 1 […]
Read moreKazakhstan to Increase Taxes for High Earners
The Kazakh Ministry of National Economy has submitted a second package of amendments to the tax legislation to parliament, proposing an increase in the individual income tax rate for high earners. The second package was submitted to the Mazhilis (the lower house of the Kazakh parliament) on April 25. One of the key provisions is […]
Read moreKazakhstan to reduce special tax regimes
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. […]
Read moreKazakhstan reports more unemployed than Russia
Kazakhstan has become the only country in the Eurasian Economic Union (EEU) where the number of unemployed people has increased over the year, according to data from the Eurasian Economic Commission. As of the end of February, more than 333,000 unemployed people were officially registered in Kazakhstan. This represents 3.5% of the total workforce in […]
Read moreRemote workers increased by 19% in Kazakhstan
The number of remote workers in Kazakhstan has increased by almost 19% compared to last year, El.kz reports citing ranking.kz. According to data for the fourth quarter of 2024, 46.7 thousand people work remotely in the country. A year earlier, the growth was only 5.4%, which indicates a gradual increase in interest in the remote […]
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