Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 04 Nov 2026 by Evgeny Gavrilenkov
Oct 22 Direct investments: Baiterek Holding and Chinese Guoyou Materials have signed a memorandum regarding a $1 bln project for a new terminal at the port of Kuryk. Oct 23 NBK: The Bank lowers base rate from 16.25% to 15.75% and plans no changes to the base rate this year. KMG: The company plans to export 1.7 mln tons via the BTC pipeline in 2026, and expects to increase volumes in 2027. Oct 27 Ministry of Artificial Intelligence and Digital Development: Crypto platform Kraken receives preliminary approval to enter Kazakhstan’s market. Oct 28 President: Construction of Kazakhstan’s first nuclear power plant to begin in 2027. President: Kazakh authorities to allocate $14.3 bln from the National Fund for infrastructure modernization. President: Mr. Tokayev proposed a three-year moratorium on business inspections and revisions to the Tax Code. President: Mr. Tokayev orders to draft a long-term development strategy for Kazakhstan. Oct 29 Energy Ministry: In 2026, Kazakhstan’s commissioning of new energy capacity might drop to half of the planned target because of delays. Oct30 Air Astana: The company and China Southern Airlines signed a strategic partnership agreement. Nov 2 Bureau of National Statistics: Annual inflation in Kazakhstan slowed to 9.2% y-o-y in October compared to 9.3% y-o-y in September. President: The Kazakh steel producer Qarmet plans to produce 4 mln tons of steel by the end of 2026. Government: Kazakhstan and China intend to establish a direct investment fund of up to $200 mln for the development of the Trans-Caspian International Transport Route. Nuclear Energy Agency: Kazakhstan aims to establish a strategic uranium reserve of at least 150K tons by 2...

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