Category: Kazakhstan
Kazakhstan improving quality of life – Global Banking & Finance Review
A Measured Shift in Socio-Economic Indicators Kazakhstan, traditionally known for its resource wealth, is increasingly recognized for its efforts to improve living standards, El.kz cites globalbankingandfinance. According to official statistics, as of 2024, the national poverty rate has declined to 5%, down from 46.7% in 2001. During the same period, real wages increased by 21%, […]
Read moreKazakhstan’s Social Spending Strategy: Reducing Poverty through Employment and Structural Reform
A Measured Shift in Socio-Economic Indicators Kazakhstan, traditionally known for its resource wealth, is increasingly recognized for its efforts to improve living standards. According to official statistics, as of 2024, the national poverty rate has declined to 5%, down from 46.7% in 2001. During the same period, real wages increased by 21%, reflecting a multidimensional […]
Read moreKazakhstan’s service sector reports increase in activity
The headline Freedom Holding Corp. PMI® Business Activity Index signaled a sixth consecutive monthly rise in output across the Kazakh service sector in June. Moreover, at 55.1, up from 54.3 in May, the index rose for a fourth straight month and indicated a steep rise in activity — the highest recorded in the series’ history, […]
Read moreEmigration from Kazakhstan Drops to Lowest Level in a Decade
Kazakhstan is witnessing a significant decline in emigration, reaching its lowest level in more than ten years, according to a study by analysts at Ranking.kz. The analysis, based on data from the National Statistics Bureau (NSB) of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan (ASPiR RK), highlights shifting demographic and […]
Read moreKazakhstan Sees Decline in Emigration
In the first four months of this year, only 1,700 people left the country for permanent residence abroad – 2.8 times fewer than during the same period in 2024, when the figure stood at 4,800. At the same time, immigration also showed a downward trend. From January to April, 8,100 people arrived in Kazakhstan for […]
Read moreYear of Vocational Professions: Olzhas Bektenov Outlined Priority Tasks for Ensuring Safe Working Conditions in Production
At a Government session chaired by Prime Minister Olzhas Bektenov, issues of ensuring safe working conditions in production and the digitalization of the labor sector were discussed. During the meeting, the head of the Government noted that the Head of State, by declaring 2025 the Year of Vocational Professions, set specific tasks to raise the […]
Read more85 enterprises in Kazakhstan accumulated wage arrears of T814 million
As of June 1, 2025, state labor inspectors at 85 enterprises have identified wage arrears to more than 2 thousand employees in the amount of T814 million, reports the Ministry of Labor and Social Protection of the Population of Kazakhstan. “During the inspections carried out in various organizations, about 2.4 thousand violations of labor rights […]
Read moreFrom 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 […]
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