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Bankruptcy and Restoration of Solvency: How Citizens of the Republic of Kazakhstan Can Choose the Right Way Out of Debt
04.11.2026
Having debts to banks, microfinance organizations (MFOs), or other creditors does not automatically mean that a citizen can declare bankruptcy.Bankruptcy legislation establishes clear requirements, and before submitting an application, it is necessary to check whether the relevant criteria are met.The State Revenue Department for Almaty explains that bankruptcy is not the only way to resolve debt problems. For citizens who have a stable income and are able to repay their debts gradually, a solvency restoration procedure is available.The legislation of the Republic of Kazakhstan provides for three procedures:out-of-court bankruptcy;judicial bankruptcy;restoration of solvency.Out-of-Court BankruptcyThis procedure applies to debts owed to banks, microfinance organizations, and collection agencies.Requirements for the out-of-court bankruptcy procedure:the total amount of debt must not exceed 1,600 MCI;there must be no registered property, including property held in joint ownership;the debt must have remained unpaid for 12 consecutive months;a debt settlement procedure with the creditor must have been completed;no bankruptcy procedure must have been applied to the citizen during the previous 7 years.How to submit an application:An application may be submitted through the eGov.kz portal, the eGov Mobile application, or at Public Service Centers (PSCs).Judicial BankruptcyThis procedure is carried out exclusively through the court and applies in cases provided for by law, including where the amount of debt exceeds 1,600 MCI.Key features of judicial bankruptcy:unlike out-of-court bankruptcy, this procedure covers debts not only to banks and MFOs, but also to other creditors, such as tax debts;the procedure may involve the sale of the debtor’s property to cover outstanding obligations;expenses related to the payment of the state fee and the services of a financial manager are предусмотрены.Restoration of SolvencyThis procedure is intended for citizens who have a stable income and are able to repay their debts gradually.Key advantages:the main advantage is that the citizen does not acquire bankrupt status;the court may approve an individual debt repayment plan for a period of up to 5 years, under which the citizen settles their debts.Consequences and Restrictions After BankruptcyAfter a citizen is declared bankrupt, the current legislation provides for the following restrictions:new bank loans and microloans cannot be obtained for 5 years;bankruptcy procedures may be used again only after 7 years;the citizen’s financial condition is monitored by the state for 3 years.The most important thing is to realistically assess your income and choose the appropriate procedure.This will help resolve debts legally and avoid unnecessary financial problems in the future.Source : https://www.gov.kz/memleket/entities/kgd-almaty/press/news/details/1313498?lang=ru
KazAID Participates in the OECD DAC-Asia Development Dialogue in Bangkok
04.11.2026
From October 15 to 16, 2026, Nurgali Arystanov, Chairman of the Board of the Kazakhstan Agency of International Development (KazAID), participated in the OECD Development Assistance Committee (DAC) and Asia Development Dialogue in Bangkok, Thailand. The event was organized by the Organisation for Economic Co-operation and Development (OECD), the Korea International Cooperation Agency (KOICA), and the Thailand International Cooperation Agency (TICA).This development dialogue is the first regional event uniting the OECD DAC and development agencies across the Asian region. It brought together over 100 participants from various DAC agencies, ministries, and financial development institutions.Speaking at a thematic session, the Chairman of the Board of KazAID shared insights into the Kazakh agency’s activities, development programs in partner countries, and the transparency of the country’s Official Development Assistance (ODA) reporting within the OECD DAC in compliance with international standards.On the sidelines of the event, Amb. Nurgali Arystanov also held a series of bilateral meetings to discuss cooperation with representatives of development agencies and the OECD. Specifically, he met with OECD DAC Chair Carsten Staur, KOICA Vice President Young Ah Doh, Head of OECD DAC Global Relations Division Rolf Schwarz, Head of Finance Unit at OECD DAC Sustainable Development Division Yasmin Ahmad, Director of International Cooperation Department at the Ministry of Foreign Affairs of Indonesia Rina Setyawati , TİKA Advisor Emre Yuksek , NORAD Senior Advisor Elise Guzda, and other dialogue participants to discuss cooperation and the implementation of joint development projects.Source : https://www.gov.kz/memleket/entities/kazaid/press/news/details/1313505?lang=ru
Kazakhstan and Azerbaijan Present the Potential of the TITR in Japan
03.11.2026
Tokyo, October 19, 2026 - A conference was held in Tokyo on strengthening transport connectivity between Japan, Central Asia and the Caucasus through the development of the Trans-Caspian International Transport Route (hereinafter referred to as the TITR) and the launch of a direct air service between Tokyo and Almaty. The event, aimed at attracting Japanese investment in the TITR’s infrastructure, brought together approximately 100 participants, including representatives of relevant government ministries, the Japan International Cooperation Agency (JICA), the Business Association ROTOBO, and Japan’s logistics sector. Ambassadors of Kazakhstan, Yerlan Baudarbek-Kozhatayev, and Azerbaijan, Farid Talibov, presented their respective countries’ transport development strategies, highlighting efforts to improve the efficiency of logistics chains and expand international transport cooperation. In his remarks, Yerlan Baudarbek-Kozhatayev highlighted the official commissioning of the Trans-Caspian Fiber-Optic Communication Line in Baku on October 15, 2026, in the presence of Presidents Kassym-Jomart Tokayev and Ilham Aliyev. The project is expected to expand international data exchange capacity and enhance the resilience of digital communications.Japan’s State Minister of Economy, Trade and Industry, Kei Takagi, emphasized the strategic importance of the TITR for Tokyo in the context of diversifying international transport and logistics routes. He noted that the development of the Middle Corridor offers additional opportunities to strengthen Japan’s trade and economic ties with the countries of Central Asia and the Caucasus.Mieko Koyanagi, Director of the International Logistics Office at Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), briefed participants on the results of trial shipments conducted by Japanese companies along the Middle Corridor. These trials made it possible to analyze key parameters of the route, including delivery times and costs, the specifics of customs clearance procedures, and the quality of transport and logistics services. Particular attention was given to Japan’s support for improving the efficiency of customs administration at the Port of Aktau. The project, valued at up to JPY 719 million, includes the installation of a fixed, large-scale X-ray scanning system at the port, which is expected to reduce cargo inspection times by a factor of three.As part of the event, Adel Dauletbek, Air Astana’s Senior Regional Manager for the Republic of Korea and Japan, provided an overview of prospects for strengthening transport connectivity in light of the planned launch of direct scheduled flights between Almaty and Tokyo’s Narita Airport in December, 2026.Source : https://www.gov.kz/memleket/entities/mfa-tokyo/press/news/details/1313473?lang=ru
Features of judicial practice in the consideration of administrative cases of state revenue bodies, as well as issues of administrative practice
03.11.2026
In accordance with the Plan for seminars on advanced training of employees of state revenue agencies approved by the order of the Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan №1395 dated 26.12.2025, in the period from 14 - On October 16, 2026, the Educational and Methodological Center jointly with the Legal Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan held a remote seminar on the topic: "Features of judicial practice in the consideration of administrative cases of state revenue authorities, as well as issues of administrative practice" through the ZOOM platform. The purpose of the event is administrative legal proceedings, which are fair, impartial and timely resolution of administrative cases in order to effectively protect and restore violated or disputed rights, freedoms and legitimate interests of individuals, rights and legitimate interests of legal entities in public relations. The seminar was attended by employees of the territorial state revenue authorities. A lecture was given to the seminar participants using ZOOM, and the lecturers were: - Venera Kozhekenova - Chief Expert of the Legal Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.- Aida Umbetalieva - Chief Expert of the Legal Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan. The participants of the seminar asked questions to the lecturer, to which comprehensive answers were given. At the end of the seminar, 106 participants received electronic certificates of successful professional development.Source : https://www.gov.kz/memleket/entities/kgd/press/news/details/1313444?lang=ru
Before appealing to the Constitutional Court, the citizen should first apply to a court?
03.11.2026
For a citizen to lodge a complaint, it is necessary that the contested or other normative legal act has been applied by a court in a specific case involving a person whose rights and freedoms are affected, and that there is a final judgment by a court of appeal in that case.The Constitutional Court does not carry out the judicial procedures provided for by law.Source : https://www.gov.kz/memleket/entities/ksrk/press/news/details/1313440?lang=ru
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Bankruptcy and Restoration of Solvency: How Citizens of the Republic of Kazakhstan Can Choose the Right Way Out of Debt
04.11.2026
Having debts to banks, microfinance organizations (MFOs), or other creditors does not automatically mean that a citizen can declare bankruptcy.Bankruptcy legislation establishes clear requirements, and before submitting an application, it is necessary to check whether the relevant criteria are met.The State Revenue Department for Almaty explains that bankruptcy is not the only way to resolve debt problems. For citizens who have a stable income and are able to repay their debts gradually, a solvency restoration procedure is available.The legislation of the Republic of Kazakhstan provides for three procedures:out-of-court bankruptcy;judicial bankruptcy;restoration of solvency.Out-of-Court BankruptcyThis procedure applies to debts owed to banks, microfinance organizations, and collection agencies.Requirements for the out-of-court bankruptcy procedure:the total amount of debt must not exceed 1,600 MCI;there must be no registered property, including property held in joint ownership;the debt must have remained unpaid for 12 consecutive months;a debt settlement procedure with the creditor must have been completed;no bankruptcy procedure must have been applied to the citizen during the previous 7 years.How to submit an application:An application may be submitted through the eGov.kz portal, the eGov Mobile application, or at Public Service Centers (PSCs).Judicial BankruptcyThis procedure is carried out exclusively through the court and applies in cases provided for by law, including where the amount of debt exceeds 1,600 MCI.Key features of judicial bankruptcy:unlike out-of-court bankruptcy, this procedure covers debts not only to banks and MFOs, but also to other creditors, such as tax debts;the procedure may involve the sale of the debtor’s property to cover outstanding obligations;expenses related to the payment of the state fee and the services of a financial manager are предусмотрены.Restoration of SolvencyThis procedure is intended for citizens who have a stable income and are able to repay their debts gradually.Key advantages:the main advantage is that the citizen does not acquire bankrupt status;the court may approve an individual debt repayment plan for a period of up to 5 years, under which the citizen settles their debts.Consequences and Restrictions After BankruptcyAfter a citizen is declared bankrupt, the current legislation provides for the following restrictions:new bank loans and microloans cannot be obtained for 5 years;bankruptcy procedures may be used again only after 7 years;the citizen’s financial condition is monitored by the state for 3 years.The most important thing is to realistically assess your income and choose the appropriate procedure.This will help resolve debts legally and avoid unnecessary financial problems in the future.Source : https://www.gov.kz/memleket/entities/kgd-almaty/press/news/details/1313498?lang=ru
KazAID Participates in the OECD DAC-Asia Development Dialogue in Bangkok
04.11.2026
From October 15 to 16, 2026, Nurgali Arystanov, Chairman of the Board of the Kazakhstan Agency of International Development (KazAID), participated in the OECD Development Assistance Committee (DAC) and Asia Development Dialogue in Bangkok, Thailand. The event was organized by the Organisation for Economic Co-operation and Development (OECD), the Korea International Cooperation Agency (KOICA), and the Thailand International Cooperation Agency (TICA).This development dialogue is the first regional event uniting the OECD DAC and development agencies across the Asian region. It brought together over 100 participants from various DAC agencies, ministries, and financial development institutions.Speaking at a thematic session, the Chairman of the Board of KazAID shared insights into the Kazakh agency’s activities, development programs in partner countries, and the transparency of the country’s Official Development Assistance (ODA) reporting within the OECD DAC in compliance with international standards.On the sidelines of the event, Amb. Nurgali Arystanov also held a series of bilateral meetings to discuss cooperation with representatives of development agencies and the OECD. Specifically, he met with OECD DAC Chair Carsten Staur, KOICA Vice President Young Ah Doh, Head of OECD DAC Global Relations Division Rolf Schwarz, Head of Finance Unit at OECD DAC Sustainable Development Division Yasmin Ahmad, Director of International Cooperation Department at the Ministry of Foreign Affairs of Indonesia Rina Setyawati , TİKA Advisor Emre Yuksek , NORAD Senior Advisor Elise Guzda, and other dialogue participants to discuss cooperation and the implementation of joint development projects.Source : https://www.gov.kz/memleket/entities/kazaid/press/news/details/1313505?lang=ru
Kazakhstan and Azerbaijan Present the Potential of the TITR in Japan
03.11.2026
Tokyo, October 19, 2026 - A conference was held in Tokyo on strengthening transport connectivity between Japan, Central Asia and the Caucasus through the development of the Trans-Caspian International Transport Route (hereinafter referred to as the TITR) and the launch of a direct air service between Tokyo and Almaty. The event, aimed at attracting Japanese investment in the TITR’s infrastructure, brought together approximately 100 participants, including representatives of relevant government ministries, the Japan International Cooperation Agency (JICA), the Business Association ROTOBO, and Japan’s logistics sector. Ambassadors of Kazakhstan, Yerlan Baudarbek-Kozhatayev, and Azerbaijan, Farid Talibov, presented their respective countries’ transport development strategies, highlighting efforts to improve the efficiency of logistics chains and expand international transport cooperation. In his remarks, Yerlan Baudarbek-Kozhatayev highlighted the official commissioning of the Trans-Caspian Fiber-Optic Communication Line in Baku on October 15, 2026, in the presence of Presidents Kassym-Jomart Tokayev and Ilham Aliyev. The project is expected to expand international data exchange capacity and enhance the resilience of digital communications.Japan’s State Minister of Economy, Trade and Industry, Kei Takagi, emphasized the strategic importance of the TITR for Tokyo in the context of diversifying international transport and logistics routes. He noted that the development of the Middle Corridor offers additional opportunities to strengthen Japan’s trade and economic ties with the countries of Central Asia and the Caucasus.Mieko Koyanagi, Director of the International Logistics Office at Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), briefed participants on the results of trial shipments conducted by Japanese companies along the Middle Corridor. These trials made it possible to analyze key parameters of the route, including delivery times and costs, the specifics of customs clearance procedures, and the quality of transport and logistics services. Particular attention was given to Japan’s support for improving the efficiency of customs administration at the Port of Aktau. The project, valued at up to JPY 719 million, includes the installation of a fixed, large-scale X-ray scanning system at the port, which is expected to reduce cargo inspection times by a factor of three.As part of the event, Adel Dauletbek, Air Astana’s Senior Regional Manager for the Republic of Korea and Japan, provided an overview of prospects for strengthening transport connectivity in light of the planned launch of direct scheduled flights between Almaty and Tokyo’s Narita Airport in December, 2026.Source : https://www.gov.kz/memleket/entities/mfa-tokyo/press/news/details/1313473?lang=ru
Features of judicial practice in the consideration of administrative cases of state revenue bodies, as well as issues of administrative practice
03.11.2026
In accordance with the Plan for seminars on advanced training of employees of state revenue agencies approved by the order of the Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan №1395 dated 26.12.2025, in the period from 14 - On October 16, 2026, the Educational and Methodological Center jointly with the Legal Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan held a remote seminar on the topic: "Features of judicial practice in the consideration of administrative cases of state revenue authorities, as well as issues of administrative practice" through the ZOOM platform. The purpose of the event is administrative legal proceedings, which are fair, impartial and timely resolution of administrative cases in order to effectively protect and restore violated or disputed rights, freedoms and legitimate interests of individuals, rights and legitimate interests of legal entities in public relations. The seminar was attended by employees of the territorial state revenue authorities. A lecture was given to the seminar participants using ZOOM, and the lecturers were: - Venera Kozhekenova - Chief Expert of the Legal Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.- Aida Umbetalieva - Chief Expert of the Legal Department of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan. The participants of the seminar asked questions to the lecturer, to which comprehensive answers were given. At the end of the seminar, 106 participants received electronic certificates of successful professional development.Source : https://www.gov.kz/memleket/entities/kgd/press/news/details/1313444?lang=ru
Before appealing to the Constitutional Court, the citizen should first apply to a court?
03.11.2026
For a citizen to lodge a complaint, it is necessary that the contested or other normative legal act has been applied by a court in a specific case involving a person whose rights and freedoms are affected, and that there is a final judgment by a court of appeal in that case.The Constitutional Court does not carry out the judicial procedures provided for by law.Source : https://www.gov.kz/memleket/entities/ksrk/press/news/details/1313440?lang=ru