Kazakhstan

Fintechs in Kazakhstan ring alarm bells over law to regulate betting

bne IntelliNews June 18, 2024

Opponents argue passing of legislation would signal business reform is driven by shadowy interests and powerful forces of “Old Kazakhstan”.

Forget oil, forget gas. Kyrgyzstan has plans to power Central Asia with water

Ben Aris in Vienna June 16, 2024

Upstream nation sets out to become a regional energy hub based on hydro. The battle to find billions in funding has begun.

Kazakhstan launches vanadium oxides production with eye on “green energy” batteries market

bne IntelliNews June 12, 2024

Critical raw material also sought for micro-grids that ensure stable power.

Central Asia’s first 3D-printed house built in Almaty

Kanat Shaku in Almaty June 12, 2024

Constructed to withstand major earthquakes. Walls printed in just five days. Boasts extra-strong concrete usually used for skyscrapers and bridges.

Russian and Kazakh legislators set up information exchange to study foreign influence

Almaz Kumenov for Eurasianet June 10, 2024

Concern grows about the potential for a “foreign agents” law in Kazakhstan

Suicide fighters training in Afghanistan religious schools a danger to CSTO nations, warns likely next Tajik leader

bne IntelliNews June 6, 2024

Rustam Emomali says dozens of extremist and terrorist groups have strengthened positions on Afghan soil despite Taliban claiming to have things under control.

Who consumes the most power to mine bitcoins?

bne IntelliNews June 6, 2024

As the global Climate Crisis gathers pace, Bitcoin miners are increasing their consumption of power, adding to the problems. The team at BestBrokers has calculated the average yearly power consumption for Bitcoin mining in each country.

Expansion in Kazakhstan services PMI sustained in May

bne IntelliNews June 6, 2024

Third consecutive monthly rise. Weakness seen in expectations, however.

IMF: Scars of conflict are deeper and longer lasting in Middle East and Central Asia

Colombe Ladreit for the IMF, Borislava Mircheva, Troy Matheson June 5, 2024

The negative economic effects of conflicts are larger and more persistent, partly reflecting a sharper impact of higher-intensity conflicts in these regions.

Controversial betting regulation set to be introduced in Kazakhstan attacking growing fintech industry

Adilbek Abdullov in Almaty June 5, 2024

Fear of ludomania is being stoked in Kazakhstan. Religious groups and the government are decrying that 80% of the market is illegal and offshore. New betting controls are being introduced and seek to tighten control over the industry.

Kazakhstan PMI shows 8-month high in manufacturing sector output in May

bne IntelliNews June 4, 2024

Growth moves up a gear in improving demand environment.

LONG READ: Russia’s despair index result is the best ever, while Ukraine’s crashes

Ben Aris in Berlin June 3, 2024

The despair index adds unemployment, inflation and poverty to compare what life is like in the bottom third of emerging societies. Currently Russia is enjoying one of its lowest levels of despair, whereas Ukraine is suffering one of its worst.

Freedom Holding Corporate’s Timur Turlov: I’ve put all my money into the business

bne IntelliNews June 3, 2024

In his interview with “Exclusive” on YouTube this April, Timur Turlov, the founder of Freedom Holding Corp., shared his views on entrepreneurship and revealed why his company is so successful.

The Almaty Half Marathon is helping to develop inclusive sport in Central Asia

bne IntelliNews May 31, 2024

Earlier this year the seventh edition of the Almaty Half Marathon took place, organised by the team behind the Almaty Marathon. More than 8,000 people took part, but for the first time a wheelchair category was included for disabled participants.

Kazakhstan: Mayhem mars the end of the school year

Almaz Kumenov for Eurasianet May 30, 2024

Students and parents flout a ban on excessive celebrations.

MACRO ADVISORY: Moscow is playing a long gas game

Chris Weafer CEO of Macro-Advisory May 30, 2024

The Kremlin has now switched its attention to the gas market. It wants to replace the almost lost European market with new customers in Asia and to diversify the export infrastructure with both new pipeline routes and LNG.

$18.5bn needed for Middle Corridor infrastructure in Central Asia, says EBRD expert

Clare Nuttall in Yerevan May 30, 2024

Route connecting China and Europe via Central Asia has becoming increasingly popular since Russia's invasion of Ukraine.

Eurasian Development Bank signs the UN Principles for Responsible Banking

bne IntelliNews May 29, 2024

The Eurasian Development Bank (EDB) has become an official signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed by the United Nations Environment Programme Finance Initiative

PANNIER: Russia is pushing Turkmenistan out of the natural gas market

Bruce Pannier May 24, 2024

Moscow’s moves to take over Central Asian pipeline capacity for deliveries to China might explain unusual urgency in the Turkmen search for new customers.

Kazakhstan: Government grappling with discontent over disaster relief compensation

Almaz Kumenov for Eurasianet May 23, 2024

Protesters feel funds offered aren’t enough to meet rebuilding costs.

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