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Kazakhstan launches new investment cycle: 215 projects worth USD78.6 bln

The Kazakh Government has announced the formation of a pool of 215 investment projects totaling 78.6 billion US dollars, marking the start of a new investment cycle, Qazinform News Agency cites the government’s press service.

Kazakhstan is launching a new investment cycle with a strong focus on manufacturing, deep processing, high-tech industries, and localization.

The country has a three-tier investment attraction system in place, where regions compile priority projects and conduct targeted investor searches.

Fast Track procedures were launched to accelerate approvals along with the National Digital Investment Platform.

The next step is to develop Kazakhstan Investment House on the basis of Kazakh Invest, following a “one-stop shop” principle.

66 investment agreements worth 17.8 trillion tenge in investments have been signed. 

Since early 2026, 25 agreements worth 4.4 trillion tenge were concluded in pharma, energy, metallurgy, agriculture, infrastructure, and healthcare. Capital investment rose to 23.5 trillion tenge, nearly doubling since 2019.

In manufacturing, investments tripled to 3 trillion tenge, now accounting for 12.7% of total investment.

Foreign direct investments reached 20.5 billion US dollars in 2025, up 14.4%, with capital increasingly directed to non-resource sectors like manufacturing, finance, and communications.

173 billion US dollars invested in four new projects to localize 356 medicines and expand domestic production.

To note, agro-industrial projects by Dalian Hesheng Holdings, Fufeng Group, and Tiryaki Agro focus on deep processing of wheat, corn, and legumes for food, pharma, and biotech.

In Ekibastuz, a Data Center Valley is being developed near GRES-1, with 30 billion US dollars in planned investment and energy capacity from 300 MW to 1 GW. The project will integrate infrastructure for cloud services, processing capacities, and AI.

Earlier Qazinform reported Kazakhstan and Germany aim to implement new joint investment and industrial projects.

Government of Kazakhstan
Kazakhstan
Economy
Pharmaceuticals
Agro-industrial complex development
Wheat
Digital Kazakhstan
Energy
Investments

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From oil reserves to infrastructure: How Kazakhstan invests in future generations

Sovereign wealth is typically measured by the size of reserves that allow a country to weather periods of crisis. However, for future generations, it is not only the amount left in financial accounts that matters. Of equal importance is the state of the country they inherit alongside these savings: the quality of its schools and hospitals, the condition of utility networks, roads, energy, and other core infrastructure.

For Kazakhstan, this question holds special significance. Revenues from natural resources enable the country to build a substantial financial cushion. The National Fund accumulates a portion of commodity revenues and serves two primary functions: a savings function aimed at preserving assets for future generations, and a stabilization function designed to reduce the state budget's vulnerability to fluctuations in global commodity markets. It should be noted that by mid-2026, the fund's foreign-currency assets reached $65.5 billion. (1)

Sovereign wealth operates differently

There is no single global model for managing sovereign wealth funds. States strike different balances between intergenerational savings, fiscal stabilization, and deploying accumulated capital for development. However, international experience demonstrates that these goals are not inherently contradictory.

Norway adheres to one of the most disciplined models of sovereign wealth management. Its fiscal rule aligns withdrawals with the expected real return of the Government Pension Fund, while preserving the flexibility to use fiscal policy in response to major economic shocks. (2)

The stabilization function is even more pronounced in Chile. Funds from the Economic and Social Stabilization Fund have been drawn upon repeatedly during periods of economic stress. In 2009, withdrawals reached nearly $9.28 billion, with significant funds also deployed in 2019–2021. (3)

Other countries also utilize commodity revenues not only as a source of long-term savings, but as a catalyst for economic development. The experience of Kuwait is illustrative, where these responsibilities are divided between the Future Generations Fund, focused on preserving capital for future generations, and the General Reserve Fund, whose investment portfolio encompasses energy, industry, transport and logistics, healthcare, and infrastructure. This model allows Kuwait to preserve a portion of national wealth for upcoming generations while transforming another portion into assets that expand the country's economic potential today and build the foundation for long-term growth. (4)

Azerbaijan, whose sovereign wealth origins closely mirror Kazakhstan's, has utilized resources from the State Oil Fund to finance major projects of national importance, including the Baku–Tbilisi–Kars railway, the Oguz–Gabala–Baku water supply system, and equity participation in major oil and gas transport initiatives. (5)

None of these models can be mechanically copied by another country. Together, however, they demonstrate that sovereign wealth management does not boil down to a binary choice between "saving" and "spending." What matters far more is the form in which national capital can deliver the greatest long-term return for the nation.

From financial capital to national capital

Savings from the National Fund are already being utilized directly in the interests of future generations. Since 2024, Kazakhstan has operated the "National Fund for Children" program: every young citizen of Kazakhstan is annually allocated a portion of the fund's investment income, and upon reaching 18 years of age, the accumulated funds can be used for education or housing improvement. This program has already entered the phase of practical asset utilization. Between February 2024 and August 1, 2026, payouts were received by more than 338,000 young Kazakhstanis, totaling approximately $67.8 million. Meanwhile, the funds belonging to minors remain within the National Fund's assets and continue to be invested until they reach adulthood. (6)

At the same time, Kazakhstan faces a challenge familiar to many economies that have accumulated significant revenues from natural resources: what portion of national wealth should remain in financial assets, and what portion makes sense to convert into capital working domestically.

Soon, Kazakhstan plans to deploy a portion of the National Fund's assets to finance major infrastructure projects of nationwide significance. In 2027, over $4 billion is planned for these purposes, followed by slightly over $3 billion annually in 2028 and 2029 (7).

According to several experts, the economic rationale for such a decision extends beyond mere financing. When funds are directed into long-term social and engineering infrastructure, national wealth does not disappear. The form in which it exists simply changes.

Money allocated to current consumption expires alongside the budget cycle. A school, hospital, utility network, road, or energy facility remains in the economy and operates for decades.

This is precisely why infrastructure investments differ fundamentally from covering operational expenses. A portion of financial capital is effectively transformed into physical and human capital within the country.

Such an approach yields economic benefits right from the project implementation stage. Construction generates demand for materials, equipment, transport, design, and installation work, providing orders for domestic enterprises and creating added value within the country. Once facilities are operational, another, far more sustained effect begins. Modernizing heating and water supply systems increases their reliability, reduces losses, and diminishes the need for costly emergency repairs. Roads enhance regional connectivity. Energy infrastructure removes bottlenecks for expanding existing production and launching new industrial capacity.

Investments in healthcare and education occupy a special place. Modern hospitals, clinics, and educational institutions represent both social infrastructure and direct investments in human capital. The accessibility of medical care, public health status, quality of education, and workforce qualifications are directly tied to labor productivity and the long-term potential of the economy. All social infrastructure is as much an element of national capital as transport or energy infrastructure, and its returns and effectiveness extend far beyond the construction timeline of any individual project.

The cost of deferred development

Utilizing accumulated capital carries an opportunity cost. However, delaying investments carries an opportunity cost as well. Insufficient capacity of transport networks, energy shortages, worn-out utility systems, and a deficit of schools or medical facilities impose costs today. The longer modernization is postponed, the longer the economy and population bear these costs.

Therefore, the pace of infrastructure development carries clear economic value. If a necessary facility opens today rather than ten years from now, the country gains additional years of its economic and social returns.

Moreover, the social and economic effects of infrastructure are largely inseparable. Reliable utility networks, modern healthcare, education, transport, and energy simultaneously elevate the quality of life and create an environment in which private economic activity can thrive.

A reserve that has already worked

Using the National Fund's resources to address strategic priorities is not a new practice for Kazakhstan. The fund's ability to provide supplementary resources when the economy needs them most has repeatedly served as a key factor in the country's economic resilience.

During the global financial crisis of 2008–2009, $10 billion was directed to stabilize the financial sector, support real estate, small and medium enterprises, and the agribusiness sector (8). In 2015–2017, an additional $9 billion was withdrawn (9). During the pandemic in 2020–2021, transfers from the National Fund helped preserve economic stability and support citizens. Thus, having an accumulated reserve allowed the state to act proactively—promptly directing additional resources where they were required to prevent more severe economic repercussions.

The existence of a large financial reserve enabled Kazakhstan to navigate periods of external shocks with an additional funding source without relying exclusively on current budget revenues.

Today, it is not the principle of using the fund that is changing, but the nature of the task. Previously, accumulated resources primarily served to mitigate the impact of global shocks. Now, a portion of the capital is intended to eliminate infrastructural bottlenecks that could constrain long-term development.

This expands the sovereign fund's role: resources accumulated during favorable periods are used not only after a crisis arises, but also to build assets that enhance the resilience and potential of the economy for years to come.

The account of future generations

Ultimately, the success of this strategy will be measured not by the volume of funds withdrawn from the National Fund, but by the value of the assets created with them and the overall effect they deliver to the economy and citizens.

This fundamentally shifts the evaluation criteria. If a financial asset worth one dollar is transformed into infrastructure that enhances productivity, lowers business costs, elevates human capital quality, and fosters conditions for new private investment over decades, the very structure of national wealth undergoes a qualitative transformation.

Therefore, the central question for the coming years is not whether to utilize National Fund resources, but the quality of the assets Kazakhstan creates in return. For future generations, this exact balance between preserved financial capital and the value of the domestic economy built in its place will stand as the primary legacy of today's decisions.

  1. National Bank of the Republic of Kazakhstan, Report to the President dated June 4, 2026: Foreign Currency Assets and Investment Income for 2025.
  1. AI-CIO, "Norway to Withdraw Record Amount from Sovereign Wealth Fund": https://www.ai-cio.com/news/norway-withdraw-record-amount-sovereign-wealth-fund/
  1. The Market Value of the Economic and Social Stabilization Fund (ESSF): https://www.hacienda.cl/english/work-areas/international-finance/sovereign-wealth-funds/economic-and-social-stabilization-fund/financial-situation/market-value
  1. Kuwait Investment Authority, "Investments" (General Reserve Fund and Future Generations Fund overview): https://www.kia.gov.kw/investments/
  1. oilfund.az, State Oil Fund of Azerbaijan - Question and Answer (mandate); naturalgasworld.com, "SOFAZ financing Azerbaijan's share in TANAP project": https://oilfund.az/en/fund/press-room/question-and-answer
  2. Target Savings Payments under the "National Fund for Children" Program: https://www.enpf.kz/ru/press-center/news/282547/

    Foreign-Currency Assets of the National Fund to Increase to USD 70.6 Billion by 2029: https://www.gov.kz/memleket/entities/economy/press/news/details/1279482?lang=en

    Concept of Formation and Use of Resources of the National Fund of the Republic of Kazakhstan (Decree of the President of RK dated Dec 8, 2016, No. 385): https://cdb.kz/sistema/pravovaya-baza/o-kontseptsii-formirovaniya-i-ispolzovaniya-sredstv-natsionalnogo-fonda-respubliki-kazakhstan/

    Concept of Formation and Use of Resources of the National Fund of the Republic of Kazakhstan: https://adilet.zan.kz/rus/docs/U1600000385

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How Kazakhstan’s economic reforms have turned the tenge into the best-performing currency in Europe and Asia

The Kazakhstani tenge has become the best-performing currency in Asia and Europe in 2026, according to the Financial Times. Since the beginning of the year, it has appreciated by nearly 10% against the US dollar, outperforming all other currencies worldwide except for several currencies of Latin American and African countries. This performance has been underpinned by economic growth driven by the transformation of Kazakhstan’s economic model. The country is rapidly evolving from a commodity-based economy into a financial and technology hub for Central Asia, amid growing inflows of foreign capital.

Growth factor

This year, the key factor behind the tenge’s significant 9.7% appreciation was not oil prices, which have traditionally been associated with Kazakhstan’s economic performance. This time, the appreciation of the Kazakhstani currency was driven by capital inflows, Dmitry Dolgin, Chief Economist for the CIS at ING, told the Financial Times. As of June, foreign investments in tenge-denominated government debt had reached $5 billion, 2.5 times higher than a year earlier, accounting for nearly one-tenth of the total volume of such securities outstanding.

Foreign investors seeking to diversify their portfolios are attracted by high yields — with the base rate at 16.75% — combined with a moderate level of risk, as confirmed by Kazakhstan’s sovereign credit rating. Another factor contributing to increased foreign capital inflows is the easier access for foreign investors to the country’s government debt. In April, the Kazakhstani authorities announced plans to connect local government bonds to the international clearing system Euroclear, and foreign investor activity has increased notably in recent months.

In addition, Kazakhstan expects to be included in the benchmark JPMorgan GBI-EM index of local-currency government bonds of emerging markets. The US bank is also preparing a separate index for frontier markets (a category of emerging markets — ed. note), in which, according to the National Bank, Kazakhstani bonds could account for an 8% share if included.

Foreign direct investment in Kazakhstan

The growth of foreign direct investment is providing additional support for the tenge. In the first quarter, FDI amounted to $6.3 billion. As the Financial Times notes, Kazakhstan is seeking alternative sources of income beyond oil, including by positioning itself as a transit and technology hub for goods moving from China to Europe. To this end, the country is investing heavily in infrastructure, the publication emphasizes.

In recent years, the country’s authorities have implemented reforms aimed at strengthening the national investment ecosystem, including tax, customs and other incentives. As a result, the total gross inflow of foreign direct investment into Kazakhstan from 2021 through 2025 amounted to approximately $114.3 billion. In 2025, the figure reached $20.5 billion, up 14.4% year on year. At the same time, the structure of investment has also changed, with capital increasingly flowing into manufacturing, trade, the financial sector, transportation and the IT industry.

The changes have resulted in record economic growth. In 2025, Kazakhstan’s GDP grew by 6.5%, the highest rate in a decade. Growth continued in the first five months of 2026, reaching 3.7% despite a decline in oil production. Meanwhile, the real sector of the economy grew by 4%, while services expanded by 3.6%, which can be seen as evidence of a qualitative transformation of the economy.

Statistical data illustrate the rapid expansion of the non-resource sector during this period. Construction recorded the strongest performance in 2026, growing by 13.4% in the first five months of the year compared with the same period in 2025. Manufacturing was also among the leaders, increasing by 9%. The highest growth rates were recorded in machinery manufacturing, which expanded by 23.3%, and pharmaceuticals, which grew by 35.2%.

According to the IMF, Kazakhstan’s economy measured at purchasing power parity is expected to reach $993.7 billion in 2026, effectively approaching the psychological milestone of $1 trillion. Over the past decade, this figure has nearly doubled.

Competitive economy

Based on its 2025 results, Kazakhstan ranked among the world’s most competitive economies, taking 34th place out of 69 countries in the IMD World Competitiveness Ranking, ahead of Japan, Kuwait, Portugal, India, Italy and other countries. Kazakhstan was also the only country from the CIS and Central Asia represented in the ranking. Analysts note that the country’s economy is becoming increasingly diversified. Today, manufacturing, logistics, energy infrastructure and investment projects are playing an increasingly important role.

Kazakhstan also ranked 53rd out of 150 countries in the Global Investment Risk & Resilience Index, achieving the highest result among Central Asian countries.

Focus on digitalization

Digitalization is one of Kazakhstan’s strategic priorities. In early June 2026, it was announced that an agreement had been signed with Firebird and Nvidia US companies to build data centers in the so-called “Data Center Valley.” According to Bloomberg, investments in the project could amount to $10 billion.

According to the Ministry of Artificial Intelligence, Kazakhstan’s IT services exports exceeded $1.142 billion in 2025. The sector has been growing at a rapid pace: five years ago, exports of high-tech solutions from Kazakhstan amounted to just $33.5 million. The strategic goal is to increase Kazakhstan’s IT services exports to $5 billion by 2030.

Fintech for export

Kazakhstan is expanding its export potential in the financial sector. In August, the subsidiary of one of the largest fintech holdings operating in Kazakhstan, Freedom, received a brokerage license from the local regulator in Turkey, becoming the first foreign broker in 34 years to obtain such a license. In late July, the company also completed the acquisition of a local bank. According to the holding’s founder, Timur Turlov, the company plans to invest $300 million in the Turkish market to create an integrated digital financial ecosystem built around its brokerage and banking businesses.

Freedom already operates in 24 countries worldwide. This year, the company applied for a banking license in France, viewing it as a gateway to the broader European market. The holding currently serves more than 600,000 brokerage clients in Europe and aims to increase that number to 50 million by exporting its ecosystem.

The total number of clients across all companies within the Freedom group stands at 14 million, while the holding’s assets exceed $14 billion and its market capitalization stands at $10 billion. Since Freedom’s listing on Nasdaq in 2019, the value of its shares has increased nearly 13-fold.

Another Kazakhstani fintech giant, Kaspi.kz, is also actively expanding its presence in Turkey. In July, the company announced the completion of a deal to acquire the Turkish subsidiary of Rabobank Dutch group. Earlier, in 2025, Kaspi.kz acquired a controlling stake in Turkish marketplace, Hepsiburada. The company’s shares are also traded on a US stock exchange, underscoring the high level of international confidence in Kazakhstani fintech companies.

Kazakhstan is also actively building its own financial infrastructure, while its stock market ranks among the largest in Eastern Europe. Trading volume on the Astana International Exchange (AIX), which officially began operations just eight years ago, amounted to $2.1 billion in 2025. Since its launch, AIX has facilitated the raising of $12.4 billion in debt and equity capital, while assets under management within the Astana International Financial Centre (AIFC) exceeded $5.4 billion at the end of 2025.

On the country’s oldest exchange, the Kazakhstan Stock Exchange (KASE), trading volume in 2025 amounted to KZT 400.8 trillion ($769.1 billion). At the same time, the KASE Index has nearly tripled over the past four years, reaching 7,712.53 points by the end of June 2026. Combined trading volume on the two exchanges increased by nearly 50% in the first half of the year, while equity market capitalization rose by 18.8%.

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Tokayev urges nuclear powers to resume talks, ban nuclear tests

Kazakh President Kassym-Jomart Tokayev has called on nuclear-armed states to engage in negotiations and accelerate efforts to bring the Comprehensive Nuclear-Test-Ban Treaty (CTBT) into force, reaffirming Kazakhstan’s commitment to the global anti-nuclear movement, Qazinform News Agency cites Akorda. 

Tokayev made the remarks in a statement marking the International Day against Nuclear Tests, established by the UN General Assembly at Kazakhstan’s initiative.

The president noted that exactly 35 years ago, amid a difficult international situation, Kazakhstan closed the Semipalatinsk nuclear test site. For decades, the testing ground caused irreversible damage to people’s health and the environment, leaving a painful legacy for the Kazakh people, he said.

“Thirty-five years later, this date will serve as a reminder to all humanity of the tragic consequences of nuclear tests and as a call to prevent them from ever happening again,” Tokayev said.

He also highlighted Kazakhstan’s decision to voluntarily give up the world’s fourth-largest nuclear arsenal following the country’s independence.

“By voluntarily renouncing the fourth-largest nuclear arsenal on the planet, Kazakhstan made a historic choice in favor of peace, security and sustainable development. This decision fulfilled the aspirations of the people of Kazakhstan and demonstrated our state’s responsibility for the fate of future generations,” Tokayev said.

According to the president, Kazakhstan’s commitment to peace and friendship with all states, enshrined in the preamble of the country’s new Constitution, remains an unwavering principle of its foreign policy.

“Our country’s position as one of the leaders of the global anti-nuclear movement remains unchanged. We call for negotiations among nuclear powers, the earliest possible entry into force of the Comprehensive Nuclear-Test-Ban Treaty, and decisive multilateral action to eliminate the threat of nuclear weapons use,” Tokayev said.

The president also stressed that nuclear energy should be used exclusively for peaceful and constructive purposes.

He noted that the Kazakhstani people had firmly supported the country’s course toward developing nuclear energy in a nationwide referendum, laying a solid foundation for Kazakhstan’s economic, scientific and technological progress for decades to come.

Tokayev said this strategic choice forms an important part of the country’s transformation and opens a new stage in its sustainable development. He added that large-scale reforms across all areas of public life are aimed at building a Just, Progressive and Clean Kazakhstan.

“I am confident that together we will achieve this ambitious goal,” the president concluded.

Earlier, Qazinform reported President Kassym-Jomart Tokayev had offered condolences over passing Norway’s King Harald V. 

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Kazakhstan to showcase cultural heritage at Smithsonian Folklife Festival 2027

Kazakhstan is preparing to take part in the 2027 Smithsonian Folklife Festival, where it will showcase the country’s traditions, music, crafts and other elements of its cultural heritage, Qazinform News Agency reports, citing the Kazakh Ministry of Culture and Information.

The preparations were discussed at a meeting between Kazakhstan’s Deputy Prime Minister and Minister of Culture and Information, Aida Balayeva, Smithsonian Institution Festival Curator, Rebecca Fenton, and Southwest Folklife Alliance Co-Founder, Bryan Rafael Falcon.

The sides also discussed the participation of Kazakhstan’s ethno-folk group HasSak in a festival in Tucson, as well as plans for the group to hold a concert in Washington.

 Kazakhstan to showcase cultural heritage at Smithsonian Folklife Festival 2027
Photo source: gov.kz

Preparations for the 2027 Smithsonian Folklife Festival are part of broader efforts to expand cultural cooperation between Kazakhstan and the Smithsonian Institution. The sides expressed confidence that their cooperation would gain new momentum and move beyond individual cultural initiatives toward long-term projects.

Qazinform News Agency previously reported that Kazakhstan proposed expanding bilateral cultural exchanges and hosting US Culture Days in the country.

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Kazakhstan cuts 2026 oil production plan to 96mn tons amid CPC attacks

  • Kazakhstan has revised its oil production plan for 2026 from 98 million to 96 million tons due to the impact of attacks on the Caspian Pipeline Consortium (CPC), Qazinform News Agency quotes Energy Minister Erlan Akkenzhenov as saying.

According to him, Kazakhstan initially planned to maintain last year's production level of 99.5 million tons and approach the 100 million-ton mark.

"With the attacks in January and the continued attacks in June and July, we lost approximately 3.5 million tons. TCO shareholders decided not to conduct a major overhaul and postponed it until next year," Akkenzhenov said at a government briefing.

The ministry also decided to postpone planned maintenance at NCOC fields until next year.

"We planned to produce 98 million tons, but the adjusted plan is now 96 million tons. Production losses resulting from the attacks on the CPC will amount to 3.5 million tons," the minister clarified.

In July, the CPC was targeted in a series of drone attacks. On July 17, drones struck the oil tanker Nordic Zenith.

On July 19, two tankers carrying Kazakh oil were targeted in separate attacks.

Following the attacks, oil loading operations at the CPC terminal were suspended. The Ministry of Energy said that such attacks on civilian critical energy infrastructure facilities were unacceptable.

The Ministry of Foreign Affairs also condemned drone attacks on vessels transporting oil via the CPC.

On July 23, the Ministry of Energy announced a temporary suspension of oil loading at the CPC marine terminal and a reduction in oil production in Kazakhstan.

On July 27, the CPC resumed oil intake from shippers and loading operations at its marine terminal in the port of Novorossiysk.

On July 30, the CPC reported new attacks targeting two tankers, following which oil loading operations were suspended again.

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Tokayev links Kazakhstan-China partnership to wider vision for a more connected and cooperative Eurasia

Kazakhstan President Kassym-Jomart Tokayev has used the Shanghai Cooperation Organisation summit in Bishkek and a wide-ranging interview with China’s Xinhua news agency to set out a closely connected vision of Kazakhstan’s foreign policy — combining deeper economic and technological cooperation with China with a broader commitment to multilateralism, Eurasian connectivity and reform of global institutions.

Speaking as leaders gathered in Bishkek for the 26th meeting of the Shanghai Cooperation Organisation (SCO) and its SCO Plus format, Tokayev presented Kazakhstan as both a committed regional partner and an increasingly active “middle power” seeking to bridge geopolitical divisions.

His summit remarks were reinforced by an exclusive written interview with Xinhua, published on 1 September, in which the Kazakh leader described relations with China as being at an “unprecedentedly high level” and said Astana intended to continue strengthening what the two countries describe as an “eternal comprehensive strategic partnership”.

Taken together, the two interventions offer a clear picture of Kazakhstan’s current diplomatic strategy: maintain close relations with its major neighbours, promote trade routes linking Asia with Europe, embrace technological cooperation and at the same time argue for international relations based on dialogue rather than confrontation.

China partnership moves beyond traditional trade

In his Xinhua interview, Tokayev stressed that Kazakhstan-China relations now extend well beyond traditional energy and commodity ties.

Cooperation encompasses trade, investment, transport, industrial production, agriculture, digitalisation, healthcare, science, education and culture, he said. China is now Kazakhstan’s largest foreign trading partner, while transport and logistics have assumed an increasingly strategic role.

That emphasis is particularly significant for Europe.

Kazakhstan occupies a central geographical position between China and European markets, and Tokayev argued that the country was working with China to transform that location into a modern Eurasian transport and logistics network.

He specifically highlighted the Belt and Road Initiative, new railway construction, dry ports, logistics terminals and modernisation of border infrastructure.

Central to this strategy is the Trans-Caspian International Transport Route, commonly known as the Middle Corridor, which links China with Europe through Kazakhstan, the Caspian Sea, the South Caucasus and onward towards European markets.

Tokayev described making the route more competitive as a shared priority, pointing to “smart customs”, digital documentation, interconnected information systems and automated border procedures as necessary elements in reducing transit times.

That message closely reflected his position at the SCO summit, where Kazakhstan again offered to help develop transport initiatives throughout the organisation and called attention to the potential integration of the Belt and Road Initiative, Middle Corridor, North-South Corridor and routes connecting Central and South Asia.

For the European Union, which has increasingly sought alternative and resilient connections with Central Asia and China, the development of the Middle Corridor gives Kazakhstan an importance that extends considerably beyond the size of its domestic economy.

Artificial intelligence becomes a new pillar

Tokayev also placed technology and artificial intelligence near the centre of the emerging Kazakhstan-China relationship.

China's position in AI, robotics, digital technology, new energy and advanced manufacturing complements Kazakhstan's own ambition to accelerate its digital transformation, he argued.

Kazakhstan has declared 2026 its Year of Digitalisation and Artificial Intelligence, and Tokayev referred to meetings with leading Chinese technology companies during his recent participation in the World Artificial Intelligence Conference in Shanghai.

He said there was mutual interest in projects involving the digital economy, intelligent manufacturing, e-commerce, research and skills development.

The subject moved seamlessly from the bilateral interview into Tokayev's multilateral message in Bishkek.

Addressing the SCO Plus meeting, he warned that global stability increasingly depends upon the responsible development of artificial intelligence and called for universal rules capable of encouraging innovation while preventing uncontrolled use and narrowing the digital divide.

Kazakhstan is also establishing an Asia-Pacific digital solutions centre in Almaty under the auspices of the UN Economic and Social Commission for Asia and the Pacific, which Tokayev said should help developing countries gain access to technological expertise.

In his Xinhua interview he went further, arguing that AI should ultimately serve humanity as a whole and that countries should have equitable access to technology, knowledge and computing resources. Kazakhstan was among the founding participants this year in a new international AI cooperation initiative launched in Shanghai.

The ‘Shanghai spirit’ as an alternative to bloc politics

Underlying both the interview and Tokayev's summit speech was a wider political argument.

The Kazakh president portrayed the SCO not simply as an economic or security grouping but as a potential model for cooperation between states with different political systems and interests.

In Bishkek, he said the organisation's principles of equality and consensus had become a “gold standard” for multilateral cooperation. He proposed that core SCO principles should ultimately be reflected in a UN General Assembly resolution linked to the International Day of Multilateralism and Diplomacy for Peace.

The formulation is consistent with Kazakhstan's long-standing attempt to avoid being drawn exclusively into competing geopolitical camps.

Tokayev reiterated that Kazakhstan would maintain what he described as a balanced, constructive and peaceful foreign policy, while arguing that the international order should move away from the “cult of force and confrontation” towards collective responsibility and long-term cooperation.

In his interview with Xinhua, he similarly said Kazakhstan and China shared support for the central role of the United Nations, international law, mediation, multilateralism and the peaceful resolution of conflicts.

A stronger voice for middle powers

One of the more significant elements of Tokayev's Bishkek intervention was his argument that responsible middle powers should have greater influence within global governance.

With tensions between major powers putting pressure on existing international institutions, Tokayev suggested countries such as Kazakhstan could facilitate dialogue between competing centres of power and help develop collective solutions.

“Kazakhstan is ready to actively contribute to this process,” he told the summit.

At the same time, he resisted suggestions that shortcomings within the United Nations justified weakening the organisation.

Despite criticism of the UN, Tokayev said there was no viable alternative to it. Kazakhstan's position, he argued, was that the UN should remain at the centre of the international system and that its Charter should continue to provide the universal foundation of international law.

The President called for closer interaction between the UN and regional organisations such as the SCO, stronger preventive diplomacy and greater emphasis on peaceful settlement of disputes.

Water security joins the global agenda

Tokayev also used the summit to promote another issue of growing importance to Central Asia: water.

Climate pressures, population growth and competing demands on shared water resources make the issue increasingly important to Kazakhstan and neighbouring states.

Tokayev proposed creating an International Water Organisation under UN auspices, arguing that although numerous UN bodies deal with water, no universal intergovernmental organisation currently has a comprehensive mandate.

He also proposed an SCO Water Problems Analysis Centre as a regional complement to such a global organisation.

The proposal fits into Kazakhstan's broader effort to move environmental and resource-security questions higher up the international agenda.

A Eurasian crossroads

Perhaps the strongest thread connecting Tokayev's interview with his SCO appearance is Kazakhstan's determination to turn geography into diplomatic and economic influence.

Astana is simultaneously strengthening its relationship with Beijing, maintaining important relationships with Russia and other neighbours, developing transport corridors towards Europe, expanding cooperation with Western partners and presenting itself as an advocate of multilateral diplomacy.

Tokayev's description of relations with China therefore carries a wider meaning.

He quoted a Kazakh proverb in the Xinhua interview: “Those travelling the same road share a common destiny.”

Yet the message emerging from Bishkek suggests Kazakhstan sees that road not as one running exclusively eastwards towards China, but as part of a much larger network connecting East and West.

As competition between the world's major powers becomes more pronounced, Kazakhstan is attempting to position itself at the centre of those connections — geographically through trade and transport corridors, technologically through digital cooperation, and diplomatically through its advocacy of multilateralism.

For Europe, that makes developments in Kazakhstan-China relations increasingly relevant. The more successfully Kazakhstan develops the Middle Corridor and other east-west transport links, the more the country becomes not simply a Central Asian partner but a strategic gateway connecting European and Asian economies.

And that, ultimately, appears to be the common theme running through Tokayev's words both to Xinhua and to the leaders assembled at the SCO summit: Kazakhstan believes its future influence will come not from choosing between competing blocs, but from connecting them.

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Final results of Kazakhstan’s first Kurultai elections confirm landslide for pro-presidential party

Adilet wins 110 seats in the 145-member Kurultai, while four smaller parties share the remaining 35, writes Georgi Gotev.

Kazakhstan’s Central Election Commission announced final results on 25 August confirming a decisive victory for the Adilet party in the country’s first elections to the new unicameral Kurultai. Adilet won 71.17 percent of the vote and 110 of the 145 seats, establishing a dominant position in the legislature created under the constitution that took effect on 1 July.

Adilet is the recently formed pro-presidential party in Kazakhstan created months before the elections as the successor after the long-ruling Amanat party dissolved into it.

Final figures show 9,351,539 ballots cast from an electoral roll of 12,623,289, for a turnout of 74.08 percent. Five parties cleared the 5 percent threshold required for representation:

Adilet: 6,528,948 votes (71.17 percent) — 110 seats

Auyl People’s Democratic Patriotic Party: 574,621 votes (6.26 percent) — 10 seats

Respublica: 509,631 votes (5.56 percent) — 9 seats

Aq Zhol Democratic Party: 478,083 votes (5.21 percent) — 8 seats

Nationwide Social Democratic Party: 469,058 votes (5.11 percent) — 8 seats

The People’s Party of Kazakhstan (3.11 percent) and Baytaq Green Party (1.07 percent) fell short. A further 2.51 percent of voters chose the “against all” option.

The Kurultai replaces the former bicameral parliament and is elected entirely by proportional representation from party lists in a single nationwide constituency. The 23 August vote was the first parliamentary election held under the new constitutional framework approved in a March referendum.

First session convened

President Kassym-Jomart Tokayev has signed a decree convening the inaugural session of the Kurultai for 28 August at 11 a.m. The opening will formally launch the work of the new 145-member legislature and mark the next stage in implementing the institutional changes introduced by the constitution.

Once the Kurultai begins its work, the sitting government is required to resign. Under the new rules, the president will nominate a candidate for prime minister after consultations with the party factions represented in the chamber. The appointed prime minister then has ten days to propose the structure and composition of the cabinet; ministers are appointed by the president following further consultations with the Kurultai.

The constitution also creates the office of vice president. Tokayev has indicated that an appointment — “a well-known person you all know” — would be announced within days of the election and must receive Kurultai approval within two months of the first session. The vice president may not serve as a lawmaker or belong to a political party and would assume presidential powers if the head of state leaves office early.

Experts: Higher stakes for parties and foreign policy

At an expert discussion organised by the Kazakhstan Institute for Strategic Studies (KazISS) on 24 August, analysts said the vote raises the stakes for political parties, the functioning of the new parliament, and Kazakhstan’s positioning amid growing geopolitical interest in Central Asia.

KazISS Director Zhandos Shaimardanov highlighted the combination of high turnout and a dominant party alongside four smaller ones as features likely to shape the legislature. “The task now is to understand how this electoral choice will translate into the work of the new Kurultai, its legislative priorities and the parties’ day-to-day activities,” he said.

Italian Asia expert Domenico Palmieri stressed that the election itself is only the beginning. The real test of the institutional reform will come in the months ahead as deputies begin legislating. He noted the relatively high turnout compared with many European countries and described the voting process as technically smooth.

Political scientist Andrey Kazantsev cautioned against reading the strong participation solely as enthusiasm for party politics. In a period of international uncertainty, many voters appeared more concerned with the country’s overall direction and the future for their families. Because deputies are now elected exclusively from party lists, parties face greater responsibility for translating public expectations into concrete policy. “The demand is high. Now the parties have to provide the supply side,” he said.

Ken Moriyasu of the Hudson Institute placed the transition in a wider regional and global context. Interest in Central Asia has risen in both Washington and Beijing as the United States seeks to diversify critical mineral supplies away from China and Beijing looks to overland Eurasian routes less vulnerable to maritime disruption. “Both China and the U.S. are trying to escape each other, and they’re meeting each other in Central Asia,” Moriyasu observed. Greater clarity and stability in Kazakhstan’s domestic institutions, he argued, could strengthen Astana’s ability to maintain its multi-vector foreign policy and contribute to gradual regional consolidation.

What comes next

With final results certified and the first session scheduled for 28 August, attention turns to the practical launch of the new system: formation of the government, the appointment of a vice president, and the early legislative agenda of a chamber in which one party holds a commanding majority while four others retain a formal presence.

The high turnout and orderly conduct of the vote have been widely noted. Whether the new Kurultai delivers more responsive and effective governance – and how the dominant Adilet faction works with the smaller parties – will determine if the constitutional redesign of 2026 translates into lasting political change.

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From the shadow of Semipalatinsk, Tokayev urges nuclear powers back to the negotiating table

Thirty-five years after Kazakhstan closed one of the most notorious nuclear weapons testing grounds in history, President Kassym-Jomart Tokayev has used the anniversary to deliver a pointed message to the world’s nuclear powers: resume dialogue, strengthen arms control and ensure that nuclear testing never returns.

At a time when the international security order is under growing pressure and some of the agreements that helped contain nuclear rivalry after the Cold War have weakened, Kazakhstan is seeking to turn its own traumatic nuclear history into a renewed diplomatic argument for disarmament.

Marking the International Day against Nuclear Tests on 29 August, Tokayev called on nuclear-armed states to return to negotiations and urged the earliest possible entry into force of the Comprehensive Nuclear-Test-Ban Treaty, or CTBT.

“Our country’s position as one of the leaders of the global anti-nuclear movement remains unchanged,” Tokayev said, according to Kazakhstan's presidential administration.

He called for negotiations between nuclear powers and “decisive multilateral action to eliminate the threat of nuclear weapons use”.

For Kazakhstan, the date carries significance far beyond diplomatic symbolism.

On 29 August 1991, the Semipalatinsk nuclear test site in north-eastern Kazakhstan was closed. It had been the Soviet Union's principal nuclear weapons testing ground and the location of 456 nuclear tests between 1949 and 1989, including atmospheric and underground detonations.

The consequences extended far beyond the perimeter of the test site. The United Nations has estimated that nearly 1.5 million people were affected by nuclear testing, while extensive areas were contaminated by radiation.

That history gives Kazakhstan a distinctive voice in the international nuclear debate.

Tokayev described the closure of Semipalatinsk as a warning that should continue to resonate worldwide.

“Thirty-five years later, this date will serve as a reminder to all humanity of the tragic consequences of nuclear tests and as a call to prevent them from ever happening again,” he said.

A country that gave up nuclear weapons

Kazakhstan's argument is strengthened by another remarkable chapter of its post-Soviet history.

When the Soviet Union collapsed, Kazakhstan found itself with a huge nuclear weapons infrastructure on its territory. Rather than retain the capability, the newly independent country chose to relinquish the weapons and establish itself internationally as a non-nuclear state.

Tokayev described that decision as a deliberate choice in favour of peace and long-term security.

“By voluntarily renouncing the fourth-largest nuclear arsenal on the planet, Kazakhstan made a historic choice in favor of peace, security and sustainable development,” he said.

It has subsequently made nuclear non-proliferation one of the defining elements of its foreign policy.

Kazakhstan was also responsible for proposing the creation of the International Day against Nuclear Tests, an initiative unanimously supported by the UN General Assembly. The first international observance took place in 2010.

This history matters because Tokayev's appeal comes at an increasingly uncertain moment for nuclear arms control.

An unfinished treaty

The Comprehensive Nuclear-Test-Ban Treaty was opened for signature in 1996 with a simple but profound objective: to prohibit nuclear test explosions anywhere in the world.

Thirty years later, however, the treaty has still not formally entered into force.

The CTBT currently has 188 signatories and 179 ratifications, demonstrating overwhelming international support. But its provisions require ratification by a specified group of 44 states possessing nuclear technology when the treaty was negotiated before it can become legally binding.

Nine of those states have yet to ratify: China, Egypt, India, Iran, Israel, North Korea, Pakistan, Russia and the United States.

India, North Korea and Pakistan have not signed it.

Russia had ratified the treaty but revoked its ratification in November 2023. China and the United States signed it in 1996 but have never completed ratification.

The treaty nevertheless represents one of the more successful international norms of the post-Cold War period.

More than 2,000 nuclear tests were carried out during the five decades before the CTBT opened for signature. Since 1996, nuclear tests have occurred on only ten occasions, according to the Comprehensive Nuclear-Test-Ban Treaty Organization, and North Korea is the only country to have conducted nuclear explosive tests during the 21st century.

Tokayev's warning is therefore also a defence of a system that has largely succeeded in suppressing nuclear testing — but whose legal foundations remain incomplete.

Nuclear weapons and nuclear energy are not the same debate

There is another important dimension to Kazakhstan's position.

Tokayev's opposition to nuclear weapons does not translate into opposition to nuclear technology.

On the contrary, Kazakhstan is now moving towards the development of civilian nuclear power. Tokayev emphasised that nuclear energy should be used for “exclusively peaceful and constructive purposes”, presenting civilian nuclear development as compatible with the country's anti-nuclear weapons philosophy.

This distinction has particular relevance for Europe.

Kazakhstan is already an important part of Europe's nuclear energy supply chain. According to the Euratom Supply Agency, Kazakhstan supplied 20.31% of the natural uranium delivered to EU utilities in 2025, making it the EU's second-largest source after Canada.

The connection became even more politically significant during Tokayev's visit to Brussels in June.

Following meetings with European Council President António Costa and European Commission President Ursula von der Leyen on 23 June 2026, the EU and Kazakhstan specifically identified energy security as an area for deeper strategic cooperation.

Their joint statement recognised Kazakhstan as an important supplier of oil and uranium to Europe and highlighted the potential for increased cooperation in both renewable energy and civil nuclear energy.

That places Kazakhstan in an unusual position.

It is simultaneously one of the world's most prominent advocates of nuclear disarmament and one of the most important suppliers of the raw material on which civilian nuclear power depends.

Rather than regarding those positions as contradictory, Astana's policy is increasingly built around distinguishing sharply between the destructive and peaceful uses of atomic technology.

Europe has a stake in the argument

For the European Union, Tokayev's intervention is therefore not an abstract diplomatic message from a distant Central Asian state.

Kazakhstan has become increasingly significant to Europe's efforts to diversify energy supplies and strategic raw materials, particularly as Brussels attempts to reduce potentially dangerous dependencies.

EU-Kazakhstan relations have also expanded far beyond energy.

During Tokayev's June visit to Brussels, European and Kazakh leaders agreed to deepen their strategic partnership in critical raw materials, transport, digitalisation and emerging technologies. They also reaffirmed their commitment to strengthening the international disarmament and non-proliferation regime.

Kazakhstan's geopolitical position adds another dimension.

It shares a vast border with Russia and another with China, while simultaneously developing closer political and economic relationships with the European Union and maintaining partnerships with the United States and other Western countries.

That makes Astana one of a relatively small number of governments able to maintain meaningful dialogue across increasingly divided geopolitical blocs.

In an era when communication between major powers has become more difficult, that may make Kazakhstan's diplomatic role increasingly relevant.

A warning written into the landscape

The ruins of Semipalatinsk remain a stark physical reminder of what the nuclear arms race once meant.

Between 1949 and 1989, explosions equivalent collectively to thousands of Hiroshima-sized bombs were detonated at the site, according to UN documentation. Communities surrounding the testing ground were exposed to radioactive fallout whose health and environmental effects endured long after the final explosion.

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Kazakhstan has sought to transform that legacy from one of victimhood into one of diplomacy.

Semipalatinsk's closure was followed by the relinquishment of nuclear weapons, Kazakhstan's participation in the Central Asian Nuclear-Weapon-Free Zone and its persistent advocacy of nuclear disarmament.

But Tokayev's latest message contains an uncomfortable implication.

The political assumptions that allowed the world to move progressively away from nuclear testing after the Cold War cannot simply be taken for granted.

The CTBT is now 30 years old and still awaits entry into force. Relations between the major nuclear powers are deeply strained. Nuclear weapons have again assumed a conspicuous place in geopolitical confrontation.

Against that background, Kazakhstan's argument has an unusual moral force.

Few countries have experienced nuclear testing on the scale Kazakhstan did. Fewer still subsequently possessed nuclear weapons and voluntarily relinquished them.

Thirty-five years after the gates of Semipalatinsk were closed, Tokayev is effectively asking the world's nuclear powers to remember why they were closed in the first place.

The message from Astana is straightforward: nuclear deterrence may remain part of international politics, but nuclear testing does not have to be — and dialogue between nuclear powers is more essential when relations are deteriorating, not less.

For Europe, confronting war on its eastern frontier while simultaneously reconsidering energy security and strategic autonomy, that is a message worth hearing.

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Inside Kazakhstan’s new political era: EU Reporter journalist Derya Soysal questions President Tokayev after historic Kurultai vote

EU Reporter journalist Derya Soysal was among the members of the press given direct access to President Kassym-Jomart Tokayev in Astana after he cast his vote in Kazakhstan’s first elections to the newly established Kurultai — an opportunity that offered a rare first-hand insight into the President’s thinking on political reform, government, youth, artificial intelligence and the country’s future direction.

For a journalist covering the rapidly changing political landscape of Central Asia, there are moments when being in the room matters.

For EU Reporter journalist Derya Soysal (pictured with President Kassym-Jomart Tokayev) Kazakhstan’s historic Kurultai election provided precisely such an opportunity.

After President Kassym-Jomart Tokayev cast his vote in the country’s first election to the newly established Kurultai, Soysal was among the journalists with privileged access to the President during the press briefing that followed.

It gave EU Reporter a first-hand opportunity to hear Tokayev address some of the most important questions facing Kazakhstan as the country enters a new political chapter.

The exchanges went far beyond election day itself.

Questions ranged from the consequences of constitutional reform and the creation of the Vice Presidency to the future composition of the government, the role of younger politicians and the increasingly important place of artificial intelligence in Kazakhstan’s economic and social development.

The result was a revealing picture of how Tokayev sees the next phase of his country’s transformation.

A historic political moment

Tokayev himself described the election as a historic milestone and the beginning of a new stage in Kazakhstan’s development.

The establishment of the Kurultai forms part of a much broader restructuring of the country’s political institutions.

During the briefing, the President was questioned about what ordinary citizens should expect from the constitutional reforms, how the newly created Vice Presidency would operate and what role the Kazakhstan People’s Council would play.

Tokayev portrayed the changes as essential components of a renewed political system.

He stressed the importance of the Vice Presidency as an institution capable of supporting effective governance during difficult periods, while describing the Kazakhstan People’s Council as a mechanism intended to strengthen public participation and national cohesion.

But the President’s vision was not restricted to political architecture.

He also pointed to ambitious infrastructure and development programmes encompassing healthcare facilities, rehabilitation centres, urban modernisation and environmental projects.

The question everyone wanted answered

Among the most politically sensitive questions put to Tokayev concerned his own future.

Could he stand again for President?

Following recent constitutional developments concerning his eligibility for a future presidential election, journalists pressed Tokayev on whether he intended to seek another term.

His response was deliberately cautious.

While acknowledging that the legal possibility exists, Tokayev rejected speculation about a future campaign as premature.

Instead, he argued that Kazakhstan should be concentrating on the immediate challenges of modernisation, economic growth, social development and stability in an increasingly unpredictable international environment.

It was a response that sought to move attention away from political succession and back towards the governing agenda.

What kind of politicians does Kazakhstan need?

Soysal’s access to the presidential briefing also provided an opportunity to hear Tokayev set out his expectations of the people who will serve in the new political institutions.

Asked what qualities Kurultai deputies should possess, the President emphasised responsibility and accountability.

Members, he said, should be judged by the quality of the legislation they adopt, whether they fulfil promises made to voters and whether the programmes they pursue genuinely contribute to Kazakhstan’s development.

A recurring theme throughout the briefing was generational change.

Tokayev again argued that Kazakhstan needs younger people to play a greater role in public life.

New faces and new thinking, he suggested, will be essential if the country is to maintain momentum in the years ahead.

A new government — but not change for change’s sake

The creation of the Kurultai also has consequences for the government.

Journalists therefore questioned Tokayev about the future administration and whether Kazakhstan should expect major personnel changes.

The President praised the work of the existing government but confirmed that changes would come.

At the same time, he cautioned against replacing officials simply to create the appearance of political renewal.

For Tokayev, modernisation appears to mean continuous institutional renewal rather than political theatre: bringing in new energy and expertise where necessary while retaining effective administration.

Was the election genuinely competitive?

Another important exchange concerned political competition.

Asked whether the campaign had demonstrated genuine competition, Tokayev pointed to televised debates, public engagement and particularly strong interest among younger voters.

He characterised the electoral process as another milestone in Kazakhstan’s continuing political modernisation and said the campaign had brought new political voices and new ideas into public debate.

For an international audience, however, the question of political pluralism remains one of the key issues against which Kazakhstan’s reforms will ultimately be judged.

The significance of the new institutions will therefore depend not only upon their constitutional design, but on how independently and effectively they operate in practice.

The generation that will inherit Kazakhstan

Young people repeatedly returned to the centre of the discussion.

With a significant number of younger candidates participating in the electoral process, Tokayev was asked whether this generation could genuinely transform the country’s political system.

His answer was notable for combining optimism with a measure of realism.

He acknowledged that not every young official promoted into senior positions in recent years had been successful.

Nevertheless, Tokayev insisted that Kazakhstan must continue putting its confidence in younger generations.

For a country with a comparatively young population, he suggested, long-term success will depend heavily upon the responsibility, engagement and leadership of its youth.

Politics is also about culture

Some of the most revealing exchanges witnessed by Soysal moved beyond constitutions and elections.

Tokayev was questioned about his repeated calls for greater civic responsibility, discipline, respect and public ethics.

The President argued that national modernisation cannot be measured solely in economic growth rates or institutional reforms.

It also requires changes in behaviour and public culture.

He connected those ideas with the Taza Kazakhstan initiative, explaining that cleanliness should be understood both literally and symbolically — encompassing respect for public spaces but also ideas of dignity, moral responsibility and civic consciousness.

From smartphones to artificial intelligence

Perhaps the most forward-looking discussion concerned Kazakhstan’s digital ambitions.

Artificial intelligence has become a central part of Tokayev’s political and economic agenda.

Asked to assess progress in digitalisation, the President argued that Kazakhstan had already completed an important first stage in constructing a digital state by making electronic public services widely accessible.

Citizens can now carry out administrative tasks from home that once required lengthy bureaucratic procedures.

But Tokayev made clear that he regards this as only the beginning.

The next challenge, he said, is to move artificial intelligence and digital technology beyond conferences, presentations and policy documents and turn them into instruments that deliver practical economic benefits.

He highlighted entrepreneurs, farmers and regional communities as groups that should increasingly be able to use technology to improve productivity and generate income.

His message was strikingly simple: the smartphone should no longer be regarded merely as an entertainment device but as an instrument of economic opportunity.

The value of being in the room

For EU Reporter, Soysal’s participation in the presidential briefing provided something increasingly valuable in international reporting: direct access to the political decision-maker at the centre of the story.

Rather than interpreting Tokayev’s position through official statements alone, she was able to witness at first hand how the President responded when confronted with questions about political succession, institutional change, government performance and the expectations of Kazakhstan’s younger generation.

Soysal’s access is particularly significant at a moment when Kazakhstan is seeking to redefine both its domestic political institutions and its place internationally.

The country occupies an increasingly important strategic position between Europe and Asia, while its economic, energy and diplomatic relationships with the European Union continue to develop.

Understanding the direction Kazakhstan takes therefore matters well beyond its own borders.

A country debating what comes next

What emerged from the presidential exchange in Astana was not simply a discussion about one election.

It was a debate about what kind of Kazakhstan should emerge from the reforms now under way.

How much influence will the new institutions exercise?

Will younger politicians genuinely reshape public life?

Can artificial intelligence translate into economic opportunity outside Kazakhstan’s major cities?

And how far will political modernisation alter the relationship between the state and its citizens?

Those questions will not be answered by one election or one presidential press briefing.

But Derya Soysal’s privileged position inside that briefing gave EU Reporter readers a valuable first-hand view of how Kazakhstan’s President himself answers them.

As the first Kurultai begins its work, the importance of the election may ultimately be judged not by the symbolism of its creation, but by what Kazakhstan’s new political institutions actually deliver.

For the moment, however, one thing is clear: the country has entered a new phase, and the political conversation about what comes next has already begun.

Derya Soysal is an EU Reporter journalist covering European and international affairs. She attended President Kassym-Jomart Tokayev’s press briefing in Astana following his vote in Kazakhstan’s first Kurultai elections.

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Why Kazakhstan’s AI challenge might not be adoption, but capability

Kazakhstan is moving rapidly to position artificial intelligence at the center of its economic modernization strategy, investing in computing infrastructure, skills, startups and Kazakh-language technologies as governments worldwide compete for a place in the emerging AI economy, writes Assel Satubaldina.

Kazakhstan has an increasingly ambitious AI agenda. The government has made AI part of its broader economic modernization strategy, betting that it can improve public services, attract investment and help the country generate more value beyond its traditional reliance on raw materials.  It has been investing heavily in computing infrastructure, training, startup ecosystems, and Kazakh-language models. At the 38th plenary session of the Foreign Investors’ Council in July, President Kassym-Jomart Tokayev explicitly called the integration of AI into state investment policy a “critically important priority”. 

The government has adopted a Digital Code and a law on artificial intelligence, launched the Digital Qazaqstan strategy, established a Ministry of Artificial Intelligence and Digital Development, and designated 2026 as the Year of Artificial Intelligence and Digital Development. This push comes at a time as AI is becoming both a major global industry and an increasingly important source of economic and strategic power. UN Trade and Development estimates the global AI market will rise from $189 billion in 2023 to $4.8 trillion by 2033. This is a 25-fold increase in just a decade. 

Globally, AI push is concentrated among a handful of countries. U.S. private AI investment alone reached nearly $286 billion in 2025, more than 23 times the level in China, according to Stanford University’s 2026 AI Index.  Global corporate AI investment more than doubled in 2025, while private companies produced more than 90% of the year’s notable AI models. For emerging economies, the concentration of AI infrastructure in a small number of countries can make this race appear expensive, not to mention that training large language models requires massive quantities of computing power, electricity, connectivity and capital. Kazakhstan is unlikely to compete with the United States or China at the most capital-intensive layer of the AI industry nor does it need to. Experts say its opportunity lies in combining global AI technologies with domestic expertise, while building its own capabilities in areas where dependence creates economic or strategic vulnerabilities.

Strong foundation
The country’s AI push builds on years of its experience of deploying digital technologies at a scale. Advanced technologies are increasingly embedded in government services and banking. “Right now, especially in the artificial intelligence applications in fintech, Kazakhstan is one of the most progressive countries in the world,” Huseyin Atakan Varol, dean of the School of Computing and Artificial Intelligence and director of the Institute of Smart Systems and Artificial Intelligence at Nazarbayev University, told The Astana Times.  He pointed to technologies including palm-recognition authentication and AI-powered banking assistants as examples of how quickly digital tools have entered everyday life. International indicators tell a similar story but also expose an important weakness.

Kazakhstan ranks 10th globally for online government services, according to figures from the World Intellectual Property Organization. Yet it ranks 115th for university-industry collaboration and 112th for venture-capital deal activity relative to the size of its economy. Dr. Varol said Kazakhstan still allocates a relatively small share of its economy to research and development, with the government providing most of that funding. While spending on science has increased in recent years, spending on research and development does not reach 1%.  “Nearly all of this allocation comes from the state, very little from the private companies,” he said. “So basically, industry, academia, government interaction, the triple helix structure is not yet fully working in Kazakhstan.”

That may prove to be one of the important constraints on Kazakhstan’s AI ambitions. While the government can establish institutions, purchase computing infrastructure and train specialistics, building a durable innovation economy requires more. Alem.AI center in Astana is intended to help close that gap by connecting education, research, startups and companies.  “We have some real and simple goals. The first one is to build a community of professionals, who not just use but understand what AI actually is. It means that we train different categories,” Alyona Slavkina, head of the Alem.AI Development Office, told The Astana Times. 

The community is supposed to include schoolchildren, students, working professionals, researchers and entrepreneurs. The idea is to create a pathway from first exposure to AI to education, research and eventually the development of commercial products. The challenge, however, is that AI is evolving faster than conventional education systems. Olzhas Urazalin, head of Tomorrow School, said technologies and development tools can change within months, while formal academic programs often require years to adapt. “Many graduates have strong theoretical knowledge, but very limited experience working with modern AI tools, real data sets, and product development.

\This indeed creates a gap between learning and creation. Young specialists often learn how to use existing AI solutions, but they rarely get the opportunity to understand how these systems are built, or how to develop new ones,” Urazalin said.  Tomorrow School is built around an alternative model. Students learn primarily through projects rather than conventional lectures and work on real problems brought into the curriculum by businesses. The program is free, runs for 18 months and is open to applicants without traditional technology backgrounds. “In my opinion, Kazakhstan must focus on developing, first of all, creators, not only consumers of AI technology,” he said, highlighting talent, infrastructure, and international collaboration as priorities. 

Development pathways
Dr. Varol describes two broad pathways for technological development. One is indigenous development, which requires substantial investment, time and a long-term commitment. The other is what he calls “technological piggybacking,” adopting technologies already developed elsewhere. For Kazakhstan, Varol said that generative AI requires elements of both approaches.  “We have been also debating and discussing a lot about what is the best strategy for Kazakhstan, especially in the development of generative AI technologies. Our internal deliberations always pointed out that we must develop these technologies indigenously as well,” he said. 

Varol also stressed that developing domestic capabilities is not only about owning a model, but also about creating a pool of specialists with expertise who can later move into startups, established companies and new commercial products. Recent events also demonstrated that access to foreign technologies can become subject to government restrictions. In June, the US government temporarily imposed export controls barring foreign nationals from accessing Anthropic’s Fable 5 and Mythos 5 models, including foreign-national employees of Anthropic itself.  “Creators of these technologies can stop your access to these technologies and this creates a very big dependence risk,” said Dr. Varol. 

Technological sovereignty, however, should not be confused with technological self-sufficiency. Mohamed Eissa, chief investment officer at the International Finance Corporation, emphasized that this explains why emerging markets are unlikely to compete directly at that layer of the industry.  “You are not seeing LLMs [large language models] being developed in emerging markets because you need compute, connectivity, power,” Eissa said. “Those things are big infrastructure gaps in emerging markets.” But he draws an important distinction between building AI infrastructure and using AI.

He pointed to a rapidly growing AI company in content creation that originated from Kazakhstan as an example. “But using AI in emerging markets, you don’t need to build that to be able to use it. That is an opportunity in emerging markets: finding innovative people who have really good ICT skills, have focused on a business problem and now have the tools to compete with Silicon Valley,” he said during The Development Podcast on the World Bank Group YouTube channel. 

That may be one of the most important opportunities for Kazakhstan. According to him, in emerging markets, the much larger opportunity may be the application of AI to businesses that already exist. Likewise, in Kazakhstan, potential economic impact of AI should not be measured only by how many programmers, AI startups or research laboratories the nation generates, but rather by whether this technology raises productivity gains across the wider economy. 

Existing strengths
Dr. Varol said some of the applications of AI lie in sectors where the country already has an expertise. Mining, energy and logistics are among them.  “Kazakhstan is one of the richest countries with respect to mining and natural resources, but most of these natural resources are exported with a small amount of added value to other countries,” he said.  Using AI and digital technologies in those industries, he noted, could allow Kazakhstan to generate more value from resources before they leave the country. Where dependence matters  There are areas, however, where Kazakhstan has stronger reasons to maintain domestic capabilities. Dr. Varol said questions about where information is processed and stored become significantly more consequential when AI systems are used by companies or public institutions.

“In general, I believe this is also very important with respect to the sovereignty aspects of a country,” he added.  Language presents a different form of dependence. Global AI systems are trained on enormous quantities of data, but languages are represented very unevenly in those datasets.  Dr. Varol said approximately half of publicly accessible internet content is in English, compared with only around 0.03% in Kazakh. That means developing Kazakh-language AI starts long before a model is trained. ISSAI, which was founded in 2019, has developed the country’s first LLM in 2024. Drawing on the institute’s experience, Dr. Varol explained that researchers first need to collect texts and other data, remove poor-quality material, organize the information and convert it into formats suitable for machine learning. Researchers faced another problem once a model has been trained on how to determine whether it actually understands the language. “Because the internationally accepted method for doing this is called model benchmarking and all model benchmarks are in English language or Chinese language, but none were in Kazakh language. Basically, we also have created a suite of benchmarking data sets,” he said. 

The development of Kazakhstan’s LLM illustrates another benefit of indigenous AI development. The process itself creates capabilities. The team had to recruit and train specialists while learning to operate multi-node AI computing infrastructure, expertise that had not previously been used at that scale. The significance of the project therefore extends beyond the model it produced. It helped build a domestic pool of engineers with experience in the infrastructure and workflows required for advanced AI development. Kazakhstan’s AI strategy therefore does not require choosing between complete technological independence and reliance on global platforms. The more realistic task is to determine which capabilities the country needs to control, which technologies it can efficiently import and where AI can create the greatest economic value.

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Kassym-Jomart Tokayev: We are a nation of winners, not history blamers

  • Kazakhstan President Kassym-Jomart Tokayev outlined key priorities for Kazakhstan's education system at the annual August Conference of Teachers. Qazinform News Agency summarized the main points of his speech.

Based on the objectives outlined by the head of state, schools must simultaneously deliver quality education, foster self-confident individuals, and prepare young people for the new opportunities of the digital economy.

More schools, less shortage

Among the top priorities, the President identified the continued building of high-quality schools in all regions, particularly in areas still facing a shortage of school places.

"This is a pressing task of national importance. From next year, it is necessary to begin this work without any delays. Next year, we must ensure rapid construction," he instructed.

Reform is not an experiment

President Tokayev also addressed the numerous changes taking place in the education system.

"We must stop empty, content-free reforms done for the sake of reforms. In other words, reforms and changes are certainly indispensable, but they should not drain all the strength and stress out of teachers. Before implementing each reform – and this applies especially to education – we must conduct a comprehensive analysis and thoroughly verify it is effective," Kassym-Jomart Tokayev said.

Cutting red tape for teachers

The President also called for relieving teachers of excessive paperwork, meddlesome certification procedures, and unrelated workloads.

"Reports keep coming in about teachers being pulled into repair work and various public events that have nothing to do with the learning process. We agreed long ago that this is unacceptable. The Ministry of Enlightenment and regional akimats must focus on improving the legal and regulatory framework, building an effective learning process, and carefully analyzing curricula," he noted.

Raising a "nation of winners"

A significant portion of the Head of State's speech was dedicated to educating children and youth. In his view, the education system must foster confident individuals capable of overcoming challenges.

"It is the duty of teachers to nurture new generations of optimists – not those consumed by sorrow, insecure, and spreading seeds of depression. We are a nation of winners, ready to overcome all difficulties and threats, looking confidently only forward, believing in a bright future – not searching for the causes of tragedies, defeats, failures, or psychological complexes in our historical past or in other states and peoples," President Tokayev emphasized.

Rethinking historical narratives

The President also pointed to the need to revise educational materials, which, he said, contain unreliable facts and mythologized heroes.

"Raising children in a spirit of patriotism by spreading false, fabricated information will inevitably undermine the moral backbone of our people. I have said many times that we must abandon the image and character of an eternally grieving nation.

Sorrow is a bad companion for our youth. I can tell you that for sure. Our young people must understand their people's history correctly and look to the future with hope and confidence," Kassym-Jomart Tokayev underscored.

Digital protection for children

The Government is entrusted with fast-tracking legislation banning under-16s from social media (a bill already submitted to Parliament in June) and to step up content filtering.

The President stressed that relying solely on parental responsibility is not enough, and called for scaling up mandatory children's SIM cards as a tool for "informational immunity."

AI as a tool for earning

Tokayev also announced that in his upcoming State of the Nation Address, he will set the goal of involving young people, including those in rural areas, in using digital tools and AI to generate income.

"We are to transition from a digital state to a digital people's economy. In other words, artificial intelligence and its tools are not fun toys – they are means of making a living. That is how it should be. In higher education, an inter-university standard already exists that addresses the ethical, legal, and organizational aspects of AI use. The Government must introduce a similar standard in secondary and vocational education," the President instructed.

Key message

The President's core message is that education is not just a sector — it is a tool for shaping a modern individual: confident, not dwelling on past grievances, capable of earning income through digital technology, and protected by the state.

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Kazakhstan after Kurultai elections: Expanding opportunities for co-operation with the European Union

Parliamentary elections on 23 August completed the formation of Kazakhstan’s new legislature — the Kurultai — the central element of the country’s renewed political system following constitutional reform. Seven political parties took part in the vote. Turnout stood at 74%.

The first convocation of the Kurultai has cemented the completion of the institutional transition and marked the country’s entry into a new political cycle.

Political reforms and their institutional foundations

The decisive factor enabling this far-reaching transformation of the political system has been President Kassym-Jomart Tokayev’s consistent course toward democratic renewal in Kazakhstan.

It was within this framework that constitutional amendments were initiated, the role of representative institutions expanded, political competition strengthened, and powers redistributed among the branches of government.

For European partners this carries particular significance: it demonstrates that the institutional overhaul was not ad hoc but systematic and phased, grounded in political will and a long-term reform strategy.

Kazakhstan in the architecture of engagement with the EU

For the European Union, Kazakhstan remains one of its key partners in Eurasia, primarily in the domains of energy, logistics, and raw materials.

The renewal of the institutional system enhances the predictability of engagement — a quality of particular importance for long-term European projects.
Energy Cooperation and Market Transformation
Energy continues to form one of the central pillars of Kazakhstan–EU relations.

Key avenues include:

  • securing stable hydrocarbon supplies;
  • advancing projects in hydrogen and renewable energy;
  • joint initiatives on decarbonisation;
  • expanding investment in green infrastructure.

Institutional stabilisation after the elections strengthens the durability of the contractual framework in the energy sector, while the new legislative structure facilitates the coordination of long-term economic initiatives.

Transport corridors and logistics

Special emphasis is placed on the development of the Trans-Caspian International Transport Route, which the EU regards as a strategic alternative to traditional trade arteries.

Kazakhstan plays a pivotal role by providing:

  • transit infrastructure;
  • connectivity between China, Central Asia, and Europe;
  • development of the Caspian region’s port system;
  • integration of logistics chains.

A stable institutional environment increases the investment attractiveness of these projects.

Institutional predictability

The formation of the Kurultai creates a more transparent decision-making system, thereby reducing regulatory risks for European partners.

This is reflected in:

•growing investment activity;

  • deeper intergovernmental engagement;
  • more predictable long-term project planning;
  • broader participation by European business.

The 23 August elections have concluded the phase of institutional renewal in Kazakhstan and opened the period of practical implementation of reforms. For the European Union, this means a more predictable foundation for cooperation with Kazakhstan in the key spheres of energy, raw materials, and transport infrastructure. Kazakhstan enters a new political cycle with an updated institutional system, reinforcing its position as a strategic partner of the EU in Eurasia.

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The Central Election Commission announced preliminary results of the Kurultai elections

The Central Election Commission announced preliminary results of the elections for deputies of the Kurultai of the Republic of Kazakhstan, which took place on 23 August, reports a correspondent for the Kazinform agency.

According to preliminary data, the Adilet party received 6,528,948 votes, or 71.17%. The National Social Democratic Party received 469,058 votes, or 5.11%.

The Green Party "Baytak" received 97,751 votes, or 1.07%, the People's Party of Kazakhstan - 285,395 votes, or 3.11%.

The Auyl party received 574,621 votes, or 6.26%. The Ak Zhol Democratic Party of Kazakhstan received 478,083 votes, or 5.21%, and the Respublica party received 509,631 votes, or 5.56%.

In addition, 2.51% of voters voted against all.

cycle
Photo: Victor Fedyunin/ Kazinform

Earlier, Kazakhstan announced the results of exit polls on preliminary vote counts for the Kurultai elections.

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After ending power shortages Kazakhstan can become electricity exporter

Kazakhstan plans to commission 845 megawatts of new power generation capacity in 2027 as part of a broader effort to meet growing electricity demand and build a reserve in the national power system. The planned projects combine gas-fired generation with renewable energy, reflecting the country’s strategy to expand capacity through multiple sources rather than relying on a single type of generation. According to the Energy Ministry, the new facilities are expected to allow Kazakhstan to fully cover its electricity needs as early as the first quarter of 2027.

By the end of the year, the country expects to generate an electricity surplus of around 1.3 billion kilowatt-hours. The 2027 expansion follows a larger planned capacity increase in 2026, when Kazakhstan expects to commission around 2.6 gigawatts of new generation. This includes four gas-fired power plants, expansions of two existing power stations and 10 new renewable energy facilities.

Together, the plans suggest that the government is seeking not only to close the gap between electricity supply and demand, but also to create additional capacity that could provide greater flexibility for the power system.

Gas and renewables form the core of new capacity

Several conventional generation projects are scheduled to be completed in 2027.

Five gas turbine units at the Zhambyl State District Power Plant are expected to add a combined 210 MW. A combined-cycle gas plant at MAEK is planned to provide 160 MW, while the first stage of the Baskuat Energoprom project will add 34.7 MW through five gas piston units. Another combined-cycle plant, developed by Kazakhmys Energy, is expected to contribute 70 MW. At the same time, the government plans to continue expanding renewable generation, with projects totaling 570 MW.

These include a 100-MW solar power plant in the Almaty Region and three solar projects in the Kyzylorda Region with a combined capacity of 70 MW. Wind projects include two 100-MW facilities in the Aktobe Region, a 50-MW wind power plant in the Kyzylorda Region, another 50-MW project in the Turkistan Region and two wind facilities in the Abai Region with a combined capacity of 100 MW. The planned renewable projects account for a substantial part of the capacity expansion, while gas-fired facilities are intended to provide additional dispatchable generation. This mix is particularly important for a power system that needs both new electricity volumes and generation that can respond to changes in demand.

From meeting demand to building a reserve

The expected 1.3 billion kilowatt-hour surplus by the end of 2027 marks an important shift in the government’s projections. The objective is no longer limited to covering immediate electricity consumption but also includes creating a reserve that could strengthen the reliability of the national grid. However, installed generation capacity and actual electricity output are not identical. The amount of electricity ultimately available to the system will depend on factors including the operating performance of new plants, fuel supply, grid infrastructure and, in the case of wind and solar projects, weather conditions.

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Astana Finance Days 2026 to bring global investors and financial leaders to Kazakhstan

More than 5,500 participants from over 80 countries are expected to gather in Kazakhstan’s capital on 9-10 September for the ninth Astana Finance Days (AFD) 2026 forum, hosted by the Astana International Financial Centre (AIFC). The forum will bring together investors, representatives of the financial and technology sectors, regulators, government and quasi-state institutions, and international businesses.

Since its launch in 2018, Astana Finance Days has developed into one of the region’s major financial forums, providing a platform for discussions on capital markets, investment and financial cooperation. The 2026 program will focus on capital markets and investment products, regulation and market confidence, institutional innovation, financing the real economy, and regional and cross-border capital cooperation. Confirmed speakers include Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev, National Bank Governor Timur Suleimenov, Association of Financiers of Kazakhstan Chairperson Yelena Bakhmutova and Secretary General of the Organization of Turkic States Kubanychbek Omuraliev.

Representatives from international financial institutions and global companies are also expected to participate, including the Islamic Development Bank Institute, Freedom Holding, Binance, Mastercard, Bloomberg and the Shanghai Stock Exchange. The forum will feature the AFD Exhibition, bringing together financial institutions, banks, investment and asset management companies, as well as fintech and technology projects. According to the AIFC, the event will provide participants with opportunities to discuss global financial trends, explore investment and business opportunities, and establish contacts with investors, company executives and industry leaders.

The forum will also highlight business development opportunities within the AIFC ecosystem, featuring case studies on company growth, capital raising and expansion into international markets. For Kazakhstan, which is seeking to strengthen its position as a financial hub connecting Central Asia with global markets, the forum provides an opportunity to bring global investors and financial institutions into closer contact with the region.

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Kazakhstan at a Crossroads: How the Kurultai Elections Are Shaping Central Asia’s New Political Landscape

Kazakhstan holds elections for the first convocation of the Kurultai. The vote marks the country's final transition to a unicameral parliamentary system and completes a pivotal stage of institutional reforms under the leadership of President Kassym-Jomart Tokayev.

An experienced diplomat and statesman, President Tokayev is skillfully constructing the new political system of a "Fair Kazakhstan," cementing the nation's position as a leader in democratic reform across Central Asia.

For Brussels and European capitals, these elections represent far more than an internal event in Central Asia's largest economy—they serve as a vital indicator of political transition in a strategically essential region.

From a Bicameral System to a Unicameral Body

Comprehensive constitutional changes, approved in a nationwide referendum, abolished the former bicameral structure (comprising the Senate and the Mazhilis) and replaced it with the Kurultai—a unicameral legislature made up of 145 deputies elected for five-year terms under a proportional representation system.

The reform aims to streamline the legislative process, enhance governmental accountability, and expand parliamentary oversight regarding budget execution and ministerial appointments. For the first time in the nation's history, presidential quotas for appointing legislators have been completely eliminated.

The Regional Context of Democratization

Against the backdrop of a complex geopolitical environment in Eurasia, Astana is actively positioning itself as a beacon of democratic reform in Central Asia. Over recent years, the country has implemented key measures that distinguish it from its regional neighbors:

  • Limiting Presidential Power: The constitution mandates a single, non-renewable seven-year term for the president and legally prohibits close relatives of the head of state from holding high-level public posts.
  • Human Rights Infrastructure: The re-establishment of the Constitutional Court—granting citizens a direct right of appeal—alongside the total abolition of the death penalty and the institutional strengthening of the Human Rights Ombudsman.
  • Pluralism and Inclusivity: Lowering registration barriers for political parties and introducing a mandatory 30% quota for women, youth, and persons with disabilities on party lists.
  • Local Self-Governance: The transition to direct elections for district akims (local governors) and the implementation of an official online petition mechanism.

The View from Brussels

As the European Union deepens its strategic partnership with Kazakhstan across energy, critical raw materials, and transport routes (notably the Middle Corridor), institutional stability and predictability remain top priorities.

An important backdrop to the parliamentary vote was President Kassym-Jomart Tokayev’s official visit to Brussels. During high-level talks with European Council President António Costa and European Commission President Ursula von der Leyen, the leadership solidified the evolution of EU–Kazakhstan relations into a mature strategic partnership.

Among the key outcomes of the visit:

  • A record-setting package of commercial agreements and contracts worth over $12 billion was announced during the Kazakhstan–EU Business Forum, covering energy, transport, critical raw materials, and technology sectors.
  • Constructive progress was made in visa facilitation negotiations.
  • The parties signed a Horizontal Aviation Agreement and secured a major contract for the delivery of up to 50 Airbus aircraft for national carrier Air Astana.
  • Concrete financial commitments were made by the European Investment Bank to modernize the infrastructure of the Trans-Caspian Transport Network (Middle Corridor), ensuring a reliable alternative land route between Europe and Asia.
  • Strategic roadmaps were reaffirmed to supply Europe with Kazakh rare earth metals, lithium, and green hydrogen to support the European energy transition.

European observers note that the momentum of Kazakhstan’s reforms sets a major regional precedent. However, the true test for the new Kurultai will be its ability to effectively carry out its representative functions, establish an effective system of checks and balances, and stay responsive to civil society.

The vote serves as a crucial benchmark of how successfully Astana translates its declared path of modernization into dynamic, functioning democratic institutions.

Picture credit: Kazakhstan Today

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'A truly historic event this Sunday': President on first elections to Qurultay

President of Kazakhstan, Kassym-Jomart Tokayev, has addressed the nation ahead of the elections to the Qurultay, Qazinform News Agency reports, citing the Akorda press service.

"Dear compatriots! This Sunday (23 August), our country will witness a truly historic event – the first elections to the new unicameral Qurultay.

In recent years, our country has been confidently moving along the path of far-reaching reforms. Thanks to unity, harmony, and solidarity, we have achieved significant results in building a Just Kazakhstan. However, there is still much work to be done.

With the entry into force of the People's Constitution, these elections will mark the starting point for new reforms for the benefit of all citizens and will open a new chapter in the history of modern Kazakhstan.

I announced the Qurultay elections well in advance so that all parties could prepare properly.

As a result, the first election campaign for the Qurultay has been substantive, open, competitive, and civilized. This is the common view of our citizens.

Without a doubt, these elections will be remembered as perhaps the most interesting in our country's history.

During meetings with voters, media campaigning, national televised debates, and social media discussions, parties have convincingly presented their platforms.

In other words, citizens have gained the opportunity to assess the political parties' visions for the country's future and their various initiatives for the further development of all areas of life – from the economy to culture," the Head of State said.

The Qurultay elections are scheduled for 23 August. According to the CEC, 12,605,788 voters have been included in the electoral rolls.

Kazakhstanis are to elect 145 Qurultay deputies for five-year terms. The CEC has registered candidate lists from seven political parties.

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Two giant tungsten deposits could test Kazakhstan’s push beyond raw-material exports

Kazakhstan plans to turn two of the world’s largest undeveloped tungsten deposits into the country’s first full-cycle tungsten operation, requiring ore to be processed domestically rather than exported as raw material as Astana seeks to capture more value from its critical mineral reserves, writes Assel Satubaldina.

The Northern Katpar and Upper Kairakty deposits are being developed by a venture between US-based Cove Capital, which holds a 70% stake, and Kazakhstan’s state mining company Tau-Ken Samruk, with 30%. Cove Capital is expected to provide at least $1.1 billion in financing as well as processing technology and access to international markets. The agreement was signed in November 2025 during President Kassym-Jomart Tokayev’s visit to Washington DC.

The partners formalized the investment in February, signing a package of transaction documents, including a sale and purchase agreement and a shareholders’ agreement, for the critical minerals project. The mines are located in the Shet district of the Karagandy Region, close to transport and transport and energy communications. Karagandy, the region’s administrative center, is around 130 kilometers from the deposits.  “The Northern Katpar project involves establishing a full production cycle in Kazakhstan, from ore mining and beneficiation to metallurgical processing, based on the Northern Katpar and Upper Kairakty deposits. This is the first project of its kind to be implemented in Kazakhstan,” Tau-Ken Samruk told The Astana Times. Its planned output includes ammonium paratungstate, or APT, a key processed product in the tungsten supply chain.

The agreement envisages processing all extracted ore domestically and producing higher-value tungsten products in Kazakhstan. 

The timeline

The project is currently in the Definitive Feasibility Study (DFS) phase, meaning its final production capacity, economics and launch date have yet to be determined. “This work will confirm and optimize the existing feasibility studies, and refine the project’s economic and technical indicators, as well as its mineral resources and reserves. As part of the project’s implementation, preparatory and technical work is scheduled to begin on-site, including topographic surveying, the construction of temporary access roads and fencing, the preparation of drilling sites, the opening of a field office, and other related activities,” said Tau-Ken. 

The definitive feasibility study, which began in July, is expected to be completed before the end of 2027, Cove Kaz Capital told The Astana Times.  “The principal objective of this stage is to finalize the overall mine plan, define the parameters of the processing facilities and prepare the project for a Final Investment Decision, as well as for detailed due diligence by prospective financing partners,” the company’s CEO Dominic Heaton told The Astana Times. The company said physical activity has commenced at the site in July, including surveying, access road and drill pad preparation, and establishment of field facilities. 

Untapped potential 

The two deposits are considered among the world’s biggest undeveloped tungsten deposits. Together, the deposits contain an estimated 410,000 metric tons of tungsten trioxide reserves under JORC standards, while total resources are estimated at 1.4 million tons, according to previous studies cited by Tau-Ken.  Cove Capital said a key distinction is between mineral resources and mineral reserves.  “The current figure represents JORC-compliant [JORC refers to an internationally recognized reporting standard used to classify and publicly report mineral exploration results, mineral resources and ore reserves] mineral resources, while the ongoing DFS [Definitive Feasibility Study] will further update the geological and technical data and optimize the development plan for the deposits,” said Heaton.

“Based on existing studies, Northern Katpar has the potential to support production of approximately 5,000 metric tons per annum, while Upper Kairakty has the potential to contribute approximately 7,000 metric tons per annum. Combined production of approximately  12,000 tons per year would be equivalent to roughly 15% of current global tungsten mine production,” Heaton explained. The company is also developing the Akbulak rare earth project in the Kostanai Region with Qazgeology national geological exploration company. 

The financing Under the agreement, the U.S. partner is expected to provide at least $1.1 billion in financing, introduce modern processing and beneficiation technologies, build a complex of production facilities and develop international sales channels for the output. The partners formalized the investment in February, signing a package of transaction documents. Photo credit sk.kz “The approximately $1.1 billion figure represents the current estimate of the total investment required to develop Northern Katpar and Upper Kairakty, including the associated mining and processing infrastructure. It does not mean that the full amount has already been financed, committed or deployed,” said Heaton.

At this stage, Cove Kaz Capital Group has financed the acquisition of its 70% controlling stake in Northern Katpar, along with site preparation, drilling and work related to the definitive feasibility study.  “An important component of the prospective financing structure is the interest expressed by U.S. government-backed financial institutions. The Export-Import Bank of the United States has issued a Letter of Interest for financing of up to $900 million, while the U.S. International Development Finance Corporation has issued a Letter of Interest for up to $700 million, including project financing and development support,” Heaton explained.  Potential financing could reach $1.6 billion, but the figure remains indicative rather than committed, Heaton added.

The amounts represent expressions of interest from prospective lenders, with the final financing package still contingent on completion of the definitive feasibility study, lender due diligence and a final investment decision.

Why it matters

What this project illustrates is that Kazakhstan is betting on higher-value domestic processing rather than remaining primarily a supplier of raw tungsten ore or concentrate. Cove Capital said it seeks to create an integrated domestic value chain in Kazakhstan, spanning mining, beneficiation and downstream chemical processing.  “The principal benchmark product currently planned for the Kazakhstan refinery is ammonium paratungstate, or APT, a high-purity intermediate product that is the internationally recognized benchmark product of the tungsten industry.

The project may also have the potential to produce other tungsten compounds depending on the final technical configuration,” Heaton explained.  Deeper processing would allow Kazakhstan to retain more of the value generated from its tungsten resources rather than exporting mainly ore or concentrate.  “APT is subsequently used to produce tungsten oxides and powders, tungsten carbide, hard metals and other specialized materials used across advanced manufacturing, high-technology and defense-related industries,” said Heaton. Kazakhstan launched the Boguty facility, its first tungsten project, in 2024 in the Almaty Region.

Global tungsten dynamics

According to the US Geological Survey, tungsten is a strategically important metal used primarily in tungsten carbide for mining, construction and metalworking, as well as in electronics, aerospace, high-performance alloys and defense applications. Its combination of hardness, heat resistance and high density makes it difficult to substitute in many industrial uses. Tungsten is relatively scarce in the Earth’s crust, ranking 57th among chemical elements by abundance. Its wide industrial use stems from a combination of distinctive properties. No other known metal matches tungsten in heat resistance, and its boiling point is close to the temperature at the Sun’s surface.

China has remained the world’s leading producer, importer and consumer of tungsten concentrates.  The project is advancing at a time when tungsten is taking an increasingly greater geopolitical importance as the U.S. and other economies seek to diversify critical mineral supply chains away from China. Beijing tightened controls on exports of selected tungsten products and related technologies in February 2025, adding pressure to already concentrated global supply chains.

The restrictions, alongside growing demand and trade tensions, helped push tungsten prices sharply higher in 2025. According to the U.S. Geological Survey, throughout 2025, prices went up from $266 to $551 per metric ton unit for 65% concentrate and from $331 to $675 per metric ton unit for APT. “At the same time, the strategic importance of secure and diversified critical mineral supply chains is growing rapidly. The United States, the G7 and other advanced economies are actively seeking to reduce reliance on highly concentrated sources of supply and support the development of alternative supply chains. Tungsten is one of the critical minerals receiving particular attention in this context,” said Heaton.

Kazakhstan is emerging as a potential alternative supplier. Production began at the Boguty tungsten deposit in the Almaty Region in 2024, operated by Aral Kegen, a subsidiary of China’s Jiaxin International Resources Investment. The project with Cove Capital is also emerging as part of a broader build-out of Kazakhstan’s tungsten industry, with additional deposits moving toward development. The country’s total tungsten trioxide reserves are estimated at more than two million metric tons. Esil-Mining, owned by Britain’s Resources Enterprise Limited, plans to begin developing the Aksoran deposit in northern Kazakhstan in 2027, with production targeted for 2028. 

The planned development of Northern Katpar and Upper Kairakty would take the country further downstream by combining extraction with domestic processing rather than exporting raw material. “More broadly, our strategy is to build a portfolio of critical mineral assets in Kazakhstan and Central Asia supported by domestic processing and refining capacity,” said Heaton. He emphasized this ambition is supported by the country’s substantial mineral resource base, a mature mining sector, extensive geological data and established industrial infrastructure. “Just as importantly, Kazakhstan is increasingly focused on moving beyond the extraction and export of raw materials toward higher-value processing and manufacturing,” he added. The project illustrates Kazakhstan’s broader effort to extract more economic value from its mineral wealth by pairing foreign capital with domestic processing. But major questions, including production capacity, final economics and the start of commercial output, remain unresolved while the venture completes its definitive feasibility study. 

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