KSBC Business Club

KSBC Business Club KSBC Business Club is a multilateral business organization that creates business opportunities.

Organization for promotion of economic cooperation between Kazakhstan and Slovenia.

The Kazakh delegation and Pakistan’s logistics company NLC (National Logistic Cell) discussed the issues of road transit...
03/01/2023

The Kazakh delegation and Pakistan’s logistics company NLC (National Logistic Cell) discussed the issues of road transit through Afghanistan. The company is ready to ensure the transportation, ensure delivery of goods from Pakistan to Kazakhstan and then the return journey back along the shortest route.

ASTANA – Kazakhstan and Pakistan signed nine documents, including six memoranda on the supply of goods to Kazakhstan in March-June 2023, during a Dec. 22 meeting of Pakistan-Kazakhstan intergovernmental commission chaired by Deputy Prime Minister and Minister of Trade and Integration Serik Zhumang...

“European countries are desperately looking for new energy suppliers, preferably green ones. Knowing that such a large g...
03/01/2023

“European countries are desperately looking for new energy suppliers, preferably green ones. Knowing that such a large green hydrogen production project is already under development was certainly a factor in starting intensified talks and ultimately signing the memorandum of understanding between the EU and the Kazakh government at COP27,” said Kropp.

ASTANA – Svevind, the company behind Europe’s largest wind farm in Sweden, is running a green hydrogen project in the Mangystau Region, seeking to establish Kazakhstan as a reliable supplier of green energy in the form of hydrogen and ammonia for the global markets, said the company’s CEO Wolf...

Foreign direct investments (FDI) in Kazakhstan reached $14.5 billion in the first six months of this year, a 28 percent ...
03/01/2023

Foreign direct investments (FDI) in Kazakhstan reached $14.5 billion in the first six months of this year, a 28 percent increase over the same period last year, said Deputy Foreign Minister Almas Aidarov at a press briefing at the Central Communication Service on Dec. 22.

ASTANA – Foreign direct investments (FDI) in Kazakhstan reached $14.5 billion in the first six months of this year, a 28 percent increase over the same period last year, said Deputy Foreign Minister Almas Aidarov at a press briefing at the Central Communication Service on Dec. 22. Aidarov noted th...

The GFSI ranks countries based on four principles: affordability, availability, quality and safety, and sustainability a...
03/01/2023

The GFSI ranks countries based on four principles: affordability, availability, quality and safety, and sustainability and adaptation. Kazakhstan ranked 49th in affordability (78.0), 23rd in availability (67.2), 32nd in quality and safety (76.3) and 22nd in sustainability and adaptation (65.4).

ASTANA – Kazakhstan ranked 32nd among 113 countries in the Global Food Security Index (GFSI) 2022 report that was released on Dec. 19 by the Economist Impact, a think tank of The Economist magazine. The country has risen from the 41st position that it occupied last year. Kazakhstan’s overall sco...

“Kazakhstan’s coal production will rise to 108 million tons (+4.5 percent) in 2022 due to higher demand from Europe, esp...
03/01/2023

“Kazakhstan’s coal production will rise to 108 million tons (+4.5 percent) in 2022 due to higher demand from Europe, especially Poland, to replace Russian coal. We expect Kazakh coal supply to expand by 3 percent to 111 million tons by 2025,” states the report.

ASTANA – Kazakhstan has increased its coal production to cover European demand, says the Coal 2022 report by the International Energy Agency (IEA) released on Dec. 16. “Kazakhstan’s coal production will rise to 108 million tons (+4.5 percent) in 2022 due to higher demand from Europe, especiall...

The FoodVentures company has greenhouses with a total area of 10 hectares in the Aktobe Region, producing about 8,000 to...
03/01/2023

The FoodVentures company has greenhouses with a total area of 10 hectares in the Aktobe Region, producing about 8,000 tons of vegetables per year. Following sustainable standards, heat and electricity are obtained from burning waste gas, providing the greenhouse with a negative CO2 footprint.

ASTANA – FoodVentures has been sharing the highest Dutch operating practices in producing greenhouse vegetables with Kazakhstan since 2017. The company is engaged in the construction and operations of high-tech greenhouses. The Astana Times spoke with the CEO of FoodVentures, Dirk Aleven, to learn...

“What I hope we are going to achieve after this [visit], is that it will result in a direct flight from Kazakhstan to Cr...
03/01/2023

“What I hope we are going to achieve after this [visit], is that it will result in a direct flight from Kazakhstan to Croatia next year in 2023. I am really hoping that this will happen not only for Kazakh tourists to arrive in Croatia, but we are also hoping to engage the interest of Croatians traveling to Kazakhstan, as it is, from everything that I have seen and that I follow, a very beautiful country that has a lot of tourism potential as well,” said Glavina.

ASTANA – The launch of a direct flight between Kazakhstan and Croatia is among the key initiatives to enhance the cooperation in tourism between the two countries in the upcoming year, said the State Secretary of the Ministry of Tourism and Sports of Croatia, Tonći Glavina in an interview with Th...

Tileuberdi met with the heads of Deutsche Börse, Viessmann, KfW, Deutsche Bank AG, Bundesbank, Allianz, Bafin, Euler Her...
16/12/2022

Tileuberdi met with the heads of Deutsche Börse, Viessmann, KfW, Deutsche Bank AG, Bundesbank, Allianz, Bafin, Euler Hermes, Ernst&Young GmbH, Rothschild, Lakestar, LBBW, Rantum Capital, Mangold Consulting, Frankfurt Main Finance, World Alliance of International Financial Centers (WAIFC) AISBL and others.

ASTANA – German entrepreneurs expressed interest in Kazakhstan’s investment and economic potential, the political and socio-economic reforms taking place in the country and the development of the Central Asian region overall during a meeting with Kazakh Deputy Prime Minister, Minister of Foreign...

According to the National Bank’s preliminary estimates, the current balance of payments has a surplus of $7.9 billion – ...
16/12/2022

According to the National Bank’s preliminary estimates, the current balance of payments has a surplus of $7.9 billion – the most significant volume in the last seven years. This improvement was facilitated by an increase in exports by 47.9 percent. Payouts to investors increased by 22.5 percent.

ASTANA – Kazakhstan’s GDP grew 2.7 percent over the January-November period in 2022, according to the Macroeconomic Review by the Eurasian Development Bank (EDB) released on Dec.13. “The baseline forecast for Kazakhstan is a 4.2 percent increase in GDP in 2023. Government measures to support t...

Tokayev welcomed the plans of the Adani Group to develop transport infrastructure in the region. The President noted tha...
14/12/2022

Tokayev welcomed the plans of the Adani Group to develop transport infrastructure in the region. The President noted that Kazakhstan makes efforts to diversify transport routes and develop the Trans-Caspian International Transport Route (TITR).

ASTANA – Adani Group, an Indian multinational conglomerate, is interested in expanding cooperation with Kazakhstan in energy, petrochemistry, and renewable energy sources, said Adani Group Chairman Gautam Adani at a Dec. 13 meeting with President Kassym-Jomart Tokayev in Astana, reported the Akord...

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