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Digital Kazakhstan: The Central Asian Tiger Leaps Ahead 0

Posted on February 28, 2017 by KazCham
Digital Kazakhstan: The Central Asian Tiger Leaps Ahead

February 16th, 2017. \\ World. \\ Tags: Kazakhstan.

Kazakhstan, in response to deteriorating world commodity prices, has launched a new technological revolution. The Central Asian economic dynamo intends to drive the fourth industrial revolution: Automation, robotics, artificial intelligence, exchange of “big data” and other technological leaps will become a main feature of the Central Asian country’s push.

President Nursultan Nazarbayev, in his 2017 address to the Nation, proposed a comprehensive plan to deliver the next stage of the country’s economic modernisation, his aim being to set Kazakhstan firmly on track to join the elite club of the most developed countries.

“Only those nations that are capable of determining their future and decisively facing their challenges, instead of just standing and waiting, will be the eventual winners,” was the key message of Nazarbayev’s address.

Kazakhstan has surpassed its initial quarter century development plans and then some. In just 25 years, the journey from the ruins of the Soviet Union to an economic powerhouse has been all but achieved.

Kazakhstan has completed the transition from a planned economy to a market oriented one. Through careful political and economic management, the authorities have successfully kept the country from the turmoil, civil war and economic collapse that unfortunately afflicted many other post-Soviet states. Kazakhstan has come out of this period with minimal losses and maximum advantages.

Since 1991 the authorities have carried out two modernisations of the economy. But now the situation is changing rapidly. The world has stepped up to a new global reality – the world has become faster.

“Now we need to boldly step forward and begin the Third Modernisation,” the Kazakhstani leader has stated.

“I see our main priorities as being to ensure a level of economic growth above the world’s average indicators, and to achieve a level of sustainable development at least equal to the 30 most advanced countries,” he added.

Kazakhstan is planning to launch the program “Digital Kazakhstan”, which will contribute to the development of communications and ensure universal access to fibre-optic infrastructure.

In order to be the first to introduce new technologies in the field of IT, Kazakhstan intends to open its own “Silicon Valley” – an International Technological Park for IT-start-ups.

This will become a platform for attracting entrepreneurs and investors from around the world. This requires appropriate infrastructure and a favourable environment, including tax incentives, simplified visa and labour regimes,” the President announced.

To solve this ambitious goal Kazakhstan needs to nurture the necessary talent. Therefore, number one priority is to invest heavily to improving the quality of human capital.

“The role of the education system must change. Our task is to make education central to the new model of economic growth. Training programs should be focused on the development of critical thinking abilities and the skills of independent thought,” says Nazarbayev.

In Astana, it has long been understood that the language of new technologies today is English, so the country plans to introduce the language of Shakespeare into schools as a compulsory subject.

“Starting from 2019, teaching in a number of subjects in the 10th to 11th grades will be conducted in English” the President stated.

Another innovation to help achieve this goal is “Free vocational education for all” which has already started this year. Furthermore, special attention will be paid to the quality of the higher education system.

“Free education should cover unemployed and self-employed young people and people of working age who do not have a professional education. It is now necessary to give impetus to the development of a professional education system for the training of qualified specialists within the market economy,” said Nazarbayev.

A new high-tech economy requires an appropriately trained workforce, and through substantial investment in education Kazakhstan is creating a reservoir of future talent.

Alongside the drive towards economic and technological progress also comes a commitment to social obligations.

Pensions and welfare security in Kazakhstan will increase – Nursultan Nazarbayev emphasised this in his address to the Nation.

Kazakhstan has chosen the right moment for this economic transformation. Oil prices are rising, and are higher than that which was budgeted for by Kazakhstan. Whilst the country still receives dividends from the export of raw materials, it is preparing for the moment when this period draws to a close.

Nursultan Nazarbayev paid great attention to the development of agriculture. The agrarian sector should become the new driver of the economy, and the country should become Eurasia’s “bread basket”.

It is hard to fault that ambition, because Kazakhstan has significant potential in its increasing agricultural production – in terms of acreage, the sector is the 9th largest in the world – and is now attracting foreign investment.

“Kazakhstan’s agro-industries have a promising future. We can be one of the world’s largest producers of many agricultural export products, most notably of organic food. The ‘Made in Kazakhstan’ brand should become the benchmark for these organic food products,” Nazarbayev stated proudly.

Within five years Kazakhstan intends to create the conditions required to integrate more than 500,000 households and small farms within community-based agricultural initiatives, and at the same time to increase the area of irrigated land by a massive 40% to two million hectares.

And this is just the beginning. By 2025 the country plans not only to implement digital technologies in all spheres of activity, as well as to reform the agricultural sector, but also to develop logistics, and to increase the transit of goods through its territory 7 fold, and to support SMEs and improve the banking sector.

Kazakhstan is creating its own unique model of economic growth, and it is working. The next phase of modernization shows promise of success, and the country is catching up with the most advanced countries of the world.

It is time for the G20 nations to start looking over their shoulders!

 

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Kell Brook vs Gennady Golovkin: Why it’s business time for the Kazakhstan boxer who doesn’t have to fight the pain 0

Posted on September 10, 2016 by KazCham

EveningStandard

Gennady Golovkin was only a few hours off the plane from Los Angeles to London when he was asked: “When was the last time you were in trouble in the ring?”

The reply came with a gentle grin: “I don’t know. I forgot. It was a long time ago.”

Twenty two successive knockouts back up the claim, which is made by the fearsome Kazakhstan boxing superstar without any swagger or bravado. There have been 32 KO’s in total in the 34-year-old’s professional career.  He hasn’t been taken the distance in a contest since 2008.

Now he is bringing his devastating combination of style, discipline and ferocity to London after regularly selling out Madison Square Garden in New York and the most prestigious venues of Los Angeles.

It promises to be yet another glittering night of boxing by the Thames when Golovkin defends his WBC and IBF world middleweight title against Sheffield’s Kell Brook at the O2.

This is the sparkling venue which has been made into a home-from-home by Britain’s newest boxing icon, the IBF world heavyweight champion, Anthony Joshua.

Brook, the IBF welterweight champion, is stepping up two weight divisions in a challenge most of the global fight cognoscenti view as a courageous but unfathomable attempt to beat the scales and huge odds.

This, at first, appeared to make the fight one to captivate the hard-core boxing specialist fans rather than whooping big-night-out followers who have made Joshua’s nights by the river into big social occasions.

But promoter Eddie Hearn – who is staging this date and runs Joshua’s career – insisted:

“I think this is captivating the casuals as well the specialists.

“I thought it would just be the hard-core boxing fans. But this has the same profile as an

Anthony Joshua fight – and also has also has the seasoned followers.

“The casuals say – I can’t miss an Anthony Joshua fight.

Here you have them saying, ‘wow, its Triple G. ‘I’m not missing it’.”

Golovkin is ranked third in The Ring magazine’s list of the world’s best pound-for pound fighters, although many insist he is the top man and the natural inheritor of that catch-all “title,” last borne by Floyd Mayweather junior.

Is Golovkin the complete fighter, as another questioner asked after his arrival in London on Sunday evening?

“I’m not 100 per cent,” he grinned, gently again. “Just a little bit off it.”

“But I don’t feel this pound-for-pound thing. Mayweather, I respect him, he was a great boxer but I didn’t like his style. I am a little bit different.”

By that he means he is far more hungry and attack-minded than the famously brilliant defensive stylist Mayweather, although Golovkin’s chin is notably durable and he underlies his own power with a superb ability to take a shot.

The hurtful and relentless level at which he makes all of this known in the ring is at complete odds with his softly-spoken, amiable style out of it.

It has also made it difficult for him to secure opponents because there is such wariness of his abilities and negotiations to fight British middleweight champion Chris Eubank junior on this date broke down.

Brook, 30, stepped straight in, even though he is climbing is two divisions in the same way that Amir Khan did to meet Mexican WBC middleweight champion Saul “Canelo,” Alvarez last May – boldly but unsuccessfully.

There is lot of controversy in the USA about Canelo’s apparent unwillingness to meet Golovkin. Meanwhile, the Kazakhstan fighter says: “Big respect to Kell Brook for taking the challenge.”

Here is what will be waiting for the Sheffield fighter, however.

“I become a different guy in a fight,” Golovkin added. ”I don’t know how I switch. But I understand my job, I understand the situation and I understand my business.

“When it is time for fighting, it is my work time. So I am there 100 per cent focused on my opponent. I know what I have to do to do my job.

“I feel  something happening when I get hit but I don’t feel any power in it.

“It’s like a game for me. I might leave myself open and say ‘come on, come on’. But that’s not because I’m crazy and I want to get punched in the face.

“It’s just that I just feel comfortable and that this is my time.

“I am 34 but I have a way to go. I am not at my peak yet.”

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The Embassy of the U.S. in Astana issued a video on the 25th Anniversary of Kazakhstan-U.S Friendship 0

Posted on February 15, 2016 by KazCham

We frankly thank our colleagues from the Embassy of the U.S in Astana for the great video on the 25th anniversary of our bilateral diplomatic relationship.

Happy Anniversary, Friends!

Enjoy the video!

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Russian and Kazakh presidents ink document on Caspian Sea delimitation 0

Posted on November 15, 2015 by KazCham

Colibri Law Firm

The presidents of Russia and Kazakhstan, Vladimir Putin and Nursultan Nazarbayev, have inked a document regarding the delimitation of a part of the seabed of the Caspian Sea.

Putin and Nazarbayev signed a protocol on amendments to the existing protocol of the Russia-Kazakhstan agreement dated 6th July 1998 on the delimitation of the northern part of the Caspian Sea’s seabed for exercising sovereign rights for subsoil use.

Earlier, Russian presidential aide Yuri Ushakov told reporters that the document regulates the joint development of the ‘central’ oil-bearing structure.

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Kazakhstan’s KazAtomProm and US to cooperate on nuclear energy 0

Posted on November 10, 2015 by KazCham

Colibri Law Firm

World Nuclear News has reported that the Kazakh state-run company KazAtomProm has signed a memorandum of cooperation with Centrus Energy that “specifies the development of mutually beneficial relations on competitive supplies of Kazakhstan’s uranium to the world market.”

The document was signed by KazAtomProm’s chairman Askar Zhumagaliyev and Centrus Energy’s senior vice-president Kevin Alldred during Zhumagaliyev’s official visit to the US.

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Kyrgyzstan – Economy 0

Posted on May 19, 2015 by KazCham

SRI-banner-4

MAY 21 2015 (SRI) – Kyrgyz President Almazbek Atambayev on Thursday signed into law Kyrgyzstan’s asseccion into the Kremlin-led Eurasian Economic Union. Mr Atambayev said that joining the trade and economic group was in Krygyzstan’s national interests.

ENDS

Copyright — Silk Road Intelligencer (SRI) 2015

-For an expanded newswire service, email newswire@silkroadintelligencer.comfor more details.

-Silk Road Intelligencer (SRI) is the free newswire service of The Conway Bulletin, the leading independent weekly newspaper for Central Asia and the South Caucasus. The SRI reports on Central Asia. For more information on SRI go to www.silkroadintelligencer.com. For information on how to subscribe to The Conway Bulletin, go to www.theconwaybulletin.com

 

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Kazakhstan and China plan to establish JVs producing nuclear fuel 0

Posted on January 26, 2015 by KazCham

Business Intelligence from Colibri Law Firm: Issue #100

“Kazatomprom” and the Chinese General Nuclear Power Corporation has signed a memorandum on expanding and deepening mutually beneficial cooperation in the field of nuclear energy.

According to the press release, the document provides for the establishment in Kazakhstan joint ventures to produce nuclear fuel and nuclear fuel assemblies for NPPs in China and third countries, as well as companies for the development of uranium resources.

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Shifting the accents in Kazakh economy 0

Posted on January 24, 2015 by KazCham

Business Intelligence from Colibri Law Firm: Issue #100

Within the framework of the State program of accelerated industrial-innovative development of the Republic of Kazakhstan for 2015-2019 there have been concluded the investment agreements with China. The purpose is to get away from the raw model development and focus on engineering, especially transport, development of petrochemical and refining in order to export the finished fuel rather than crude oil. This includes, inter alia:

  1. The second stage of the aluminum plant in Pavlodar, which will double the capacity of the plant to five hundred thousand Tons;
  2. The quality steel plant in Rudny or Kostanay;
  3. New refineries and petrochemical industries pair;
  4. The copper smelting plant with complete production cycle of cable products;
  5. The enterprises for the production of construction materials;
  6. Agricultural production.

Furthermore, the parties have reached an agreement on the implementation of mutual settlements in tenge and yuan in order to de-dollarization of the economy.

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EEU and multi-vector policy were key in 2014, says Foreign Minister 0

Posted on January 17, 2015 by KazCham

The Astana Times

At a press conference, Minister of Foreign Affairs Erlan Idrissov summarized the country’s foreign policy achievements for 2014 while stressing the importance of a multi-vector foreign policy.

Idrissov noted that President Nazarbayev made 8 foreign visits and received 16 heads of state, while Kazakhstan’s senior most officials  participated in over 59 events at the highest level and 70 bilateral visits.

The country adopted a new Concept of Foreign Policy until 2020 as per President Nazarbayev’s Jan. 29 decree, wherein the EEU was given top priority.

Kazakhstan also successfully negotiated an expanded Partnership and Cooperation Agreement with the EU, and furthered in its path to join the World Trade Organisation (WTO).

Ukraine featured strongly as a major political concern in Kazakhstan, and Astana continually expressed its support for a peaceful de-escalation of the armed conflict and mutual cooperation between countries as per internationally recognized agreements.

Kazakhstan has also been making a strong case for its candidacy as a non-permanent member of the UN Security Council in 2017-2018, by focusing on basic necessities like energy, food, water security, as well as non-proliferation.

President Nazarbayev focused intensely on regional security in 2014. At the fourth summit of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) on May 21 in Shanghai, President Nazarbayev introduced an initiative to transform CICA into an Organisation for Security and Development in Asia. He also led Kazakhstan’s joining of ASEM at the 10th ASEM (Asia-Europe Meeting) summit in Milan.

Nazarbayev held talks with President Barack Obama during the Nuclear Security Summit and emphasized strong relations with the U.S. Kazakhstan maintained strong relations with Russia, with Nazarbayev and Putin holding 10 meetings in 2014. Nazarbayev also made a state visit to China in May, where he signed 16 agreements for furthering bilateral cooperation.

Kazakhstan worked towards harmony in Central Asia by extending humanitarian and economic aid to Afghanistan for rebuilding efforts.

Idrissov also noted that “special attention was paid to attracting further foreign direct investment, promoting Kazakhstan’s export to foreign markets, developing transit-transport cooperation and elaborating on projects in the energy sector, as well as implementing preparations for EXPO 2017.”

A visa-free regime with 10 countries, the creation of Kazakhstan’s own regional aid agency KazAID, and the new Nurly Zhol economic policy were all remarkable achievements of 2014 as well, according to Idrissov.

 

 

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Kazakh Eurasian Bank plans to issue $500 million worth of Eurobonds 0

Posted on November 20, 2014 by KazCham

Business Intelligence from Colibri Law Firm: Issue #96 

The Board of Kazakh Eurasian Bank decided to issue Eurobonds in the amount of up to $500 million. The bank plans to issue up to 500,000 loan securities, the nominal value of one security is $1,000. Placement of securities may be carried out both in Kazakhstan or/ and abroad, including the UK or/ and the EU countries, South-East Asia, Russia or any other countries. The issuer plans that the coupon interest rate will be fixed at up to 7.5 percent per annum. The circulation period will reach three years.

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