Kazakhstan economy

If Kazakhstan wants long-term economic growth, it needs economic and political constraints and counterweights.

On the back of high remittances and oil and gas revenues, the outlook for Central Asia’s economies has improved. But it’s not all good news.

According to Forbes.kz, Kazakhstan’s top-three wealthiest amassed an additional $2.5 billion in one year.

Kazakhstan and the Caucasus nations are looking at the Trans-Caspian transportation corridor with renewed vigor given the war in Ukraine.

Russian banks operating in Kazakhstan were thriving before the war. Now CenterCredit has bought Alfa-Bank’s assets in Kazakhstan.

While Kazakhstan has the potential to be an influential player in the global grain economy, it needs to first overcome domestic and logistic challenges.

After recovering from the COVID-19 pandemic’s economic shockwave, Kazakhstan will see its growth prospects take a hit due to reverberations from the war in Ukraine.

In the first half of 2021, there were more strikes in Kazakhstan than in the entire 2018 to 2020 period.

On the road to 2050, Nur-Sultan aims to diversify its economy and develop new industries.

Another investor has left Kazakhstan, highlighting the worsening business climate. 

Kazakhstan is working toward a more diversified economy.