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An expanded government meeting was held today with the participation of President Kassym-Jomart Tokayev. Opening the meeting, Kassym-Jomart Tokayev noted that global processes can have a strong impact on the republic, which must be prepared for. At the same time, at the meeting, the Head of State emphasized that it is necessary to start living within your means, spending money only on solving the most important tasks. For more information, see the talk show "Results".
In the final episode of the Finmentor Podcast on macroeconomics, our guest, Askar Kysykov, Director of the Talap Center for Applied Research, summed up the current economic challenges in Kazakhstan and discussed development prospects for 2025. Among the key topics:
The National Bank recently decided to keep the base rate at 15.25% per annum with a range of +/- 1 percentage point, Kazinform agency correspondent reports.
The Center for Applied Research "TALAP" presented the findings of a series of strategic discussions and research. Experts warn: without rules and measurements, the implementation of AI in schools could exacerbate inequality and reduce the quality of basic skills.
In three years, we have become a little less afraid of our neighbors, but we still do not trust them.
China is one of the key countries that seriously affects the economic, geopolitical and cultural space of Kazakhstan. However, despite the active cooperation, the perception of China in society remains ambiguous - Kazakhstanis do not hide their fears that they will eventually become economically dependent. At the same time, the volume of Chinese investments continues to grow, reports Ulysmedia.kz .
Everyone was watching oil, food, and aviation kerosene. But the most durable consequences of the war manifested themselves in other sectors: fertilizers, petrochemicals, aluminum, insurance, and ocean freight. This is a story about why the loudest fears do not always turn out to be the main impact.
The Gulf War passed by Kazakhstan’s export route — but not by its economy. The real blow came not through Hormuz, but through the Black Sea, the CPC, Tengiz, and the limited capacity of alternative routes. This is the story of a country for which a high oil price proved weaker than an infrastructure disruption.
The war became a test for forecasters. Almost everyone identified the key point: the risk for Kazakhstan was not in Hormuz, but in the CPC, Tengiz, and export infrastructure. But beyond that, forecasts diverged. Some focused on GDP, others on the oil price, and still others on the tenge exchange rate. Reality showed that the key variable was not the Brent price, but the country’s ability to produce, export, and monetize oil.
