Kazakh parliament approved the draft inter-government on joint control means optimization of border and customs control and exchange of information on persons and vehicles that cross the border.
According to the Finance Minister, if the customs control is abolished on the border it is possible to speed up bureaucratic formalities and avoid duplication in the work of border services of the countries.
The agreement included one-stop principle for border crossing by citizens of the two countries which means that border control will be conducted only in one country. The new agreement would create favorable conditions for foreign economic activities and boost mutual trade, according to the Kazakh MPs.
Significantly, despite distance to political integration within the Customs Union and Common Economic Space, Kazakhstan is seeking further economic integration with Russia.
Kazakhstan will support state-run Azerbaijani lender IBA’s debt restructuring plan, Kairat Kelimbetov, a board member of the Kazakh state pension fund, said on June 15. ... ... more
Kazakhstan's central bank intends to sell short-term notes to retail investors using a blockchain technology-based mobile application, the central bank said on June 13. ... ... more
An in-absentia trial of Kazakh fugitive banker Mukhtar Ablyazov sentenced him on June 7 to 20 years in prison for crimes including the theft of pension assets and savings. ... more