During the meeting, the results of the supervisory activities will be summarized, key indicators will be analyzed, and priority areas of activity for 2026 will be identified. Opening the board meeting, the city prosecutor noted that the work of the prosecutor's offices is aimed at fulfilling the instructions of the President of the Republic of Kazakhstan and the tasks set by the Prosecutor General. During the reporting period, special attention was paid to strengthening the rule of law and legal order, protecting the rights of citizens and businesses, as well as introducing elements of artificial intelligence. Digital transformation continues in the prosecutor's office system, aimed at increasing the effectiveness of crime prevention within the framework of the "Law and Order" concept.

In Shymkent, work continues to provide assistance to families in need of social support from the local budget. In the last period, 388 low-income families were issued housing certificates. This project aims to provide housing for socially vulnerable groups, improve the quality of life, and increase the social stability of the city. Certificates issued as part of social assistance provide families with a real opportunity to improve their housing situation.

Source : https://www.gov.kz/memleket/entities/otdel-social-karagandy/press/news/details/1132204?lang=kk

   Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1132222?lang=kk

Ferrous metallurgy remains one of the key drivers of the economic growth of Kostanay region. The implementation of the most capital—intensive project in the metallurgical industry, the construction of a plant for the production of hot briquetted iron (GBJ), has begun in the city of Rudny.The project is of strategic importance for the region and the whole country. The total investment volume at the first stage alone is 655 billion tenge, which will create more than 1,000 new jobs. The implementation of the project will make a significant contribution to the development of the industrial potential of Kostanay region and the strengthening of the economy of Kazakhstan.The construction of the GBJ plant is a vivid example of the fulfillment of the instructions of the Head of State. In his Message, President of the Republic of Kazakhstan Kassym-Jomart Tokayev clearly outlined priorities for the development of a new generation of industry, the introduction of environmentally friendly technologies and the creation of high-performance jobs.Modern metallurgical production will create a new industrial ecosystem in the region, increase the added value of processing raw materials and expand the country's export opportunities. Currently, the design and estimate documentation is in the final stages of preparation, which will allow us to begin the active phase of the project in the near future.The future hot briquetted iron plant will become one of the largest enterprises of "green" metallurgy in Central Asia. It is planned to produce products with a metallization degree of at least 93 percent and an iron content of more than 90 percent, which will ensure high quality and competitiveness of products in the global steel industry market.The project will use advanced technologies for direct iron recovery using the Midrex process. Unlike traditional blast furnace production, this technology is environmentally friendly, since natural gas, not coke, is used as a reducing agent. This will significantly reduce the burden on the environment.The raw material base for the plant will be oxidized iron ore pellets of its own production. SSGPO JSC will be able to supply hot product directly to the steelmaking plant, which will increase the efficiency of the production cycle.The project is being implemented by a subsidiary of the ERG Group, QazIron ERG LLP. The design capacity of the plant will be 2 million tons of hot briquetted iron per year.The implementation of this project will strengthen Kazakhstan's position in the international market of metallurgical products, create new economic growth points and become an important step in the transition to a high-tech and environmentally oriented industry.Source : https://www.gov.kz/memleket/entities/kostanay/press/news/details/1132177?lang=kk

СЛАЙД Source : https://www.gov.kz/memleket/entities/kostanai-mendykarin-audany-akimat/press/news/details/1132133?lang=kk

Заместитель Премьер-министра – министр национальной экономики Серик Жумангарин принял участие в работе первого заседания Координационного совета по развитию предпринимательства при партии Аманат. Диалоговая площадка объединила представителей государственных органов, бизнес-сообщества и отраслевых объединений для обсуждения ключевых вопросов развития предпринимательства.В настоящее время государством реализуется 117 инструментов поддержки бизнеса, в том числе 76 финансовых, 38 нефинансовых и 3 имущественных. За последние пять лет количество зарегистрированных субъектов малого и среднего бизнеса выросло на 40%, достигнув 2,3 млн единиц, в секторе занято 4,5 млн человек.Председатель комитета обрабатывающей промышленности Национальной палаты предпринимателей Атамекен Канат Ибраев поднял вопрос недостаточной проработки механизма формирования реестра казахстанских товаропроизводителей. По его словам, система пока действует в пилотном режиме, у бизнеса сохраняются методологические и технические вопросы, при том что с 1 января следующего года реестр будет применяться в государственных закупках.Представители Министерства промышленности и строительства и Министерства финансов сообщили, что реестр уже введен в опытную эксплуатацию: в базе зарегистрированы 1 868 предприятий-владельцев действующих индустриальных сертификатов, которые ранее уже подтвердили статус «казахстанского товаропроизводителя» и теперь имеют право участвовать в госзакупках. Работа по устранению технических и методологических вопросов продолжается техническим оператором системы – Центром электронных финансов.Представитель Союза торговых сетей Эльбеги Абдиев обратил внимание на замедление темпов роста розничной торговли, особенно в сегменте непродовольственных товаров, на фоне мер по сокращению потребительского кредитования. По оценке Ассоциации финансистов Казахстана, с учетом высокой доли торговли в ВВП и значительной занятости малого и микробизнеса, охлаждение розничного спроса может напрямую повлиять на реализацию продукции предпринимателей.Отвечая на этот вопрос, Серик Жумангарин отметил, что в последние годы сформировался перекос в сторону потребительского кредитования в ущерб корпоративному, тогда как 10 лет назад ситуация была обратной. При этом торговля остается важным драйвером смежных отраслей и занятости. Задача государства – мягко выйти из сложившейся ситуации, не снижая потребление, а сокращая долю потребкредитования за счет роста ВВП. Решение этой задачи будет вырабатываться совместно с банками второго уровня, Ассоциацией финансистов Казахстана, Национальным банком и другими регуляторами.Президент Ассоциации производителей фармацевтической и медицинской продукции «ФарМедИндустрия Казахстана» Руслан Султанов предложил рассмотреть введение единой ставки НДС в 5% для всего сектора здравоохранения на всех этапах цепочки – от сырья и субстанций до готовых лекарств, медицинских изделий и услуг. Он отметил, что с 2026 года система налогообложения медицинской продукции станет многоуровневой и сложной:сырье и оборудование – 16% НДС;лекарства в рамках ГОБМП и ОСМС – 0%;импорт и реализация лекарств и медизделий – 5% с 2026 года, 10% с 2027 года.По мнению отрасли, такая модель увеличивает административные издержки и себестоимость отечественных препаратов. Единая ставка НДС в 5% позволила бы упростить администрирование, обеспечить равные конкурентные условия и сдержать рост цен. Серик Жумангарин предложил вернуться к рассмотрению данного вопроса во втором полугодии 2026 года, после получения первых результатов имплементации нового Налогового кодекса.Также участники заседания обсудили вопросы расширения перечня социально значимых продовольственных товаров и его влияния на деятельность малого и розничного бизнеса, а также на цены импортной продукции. Отмечено, что Комитетом торговли Министерства торговли и интеграции учтены предложения бизнеса: расходы на логистику и хранение включены в вычеты, а перечень новых позиций СЗПТ был сокращен. Отдельно рассмотрены вопросы развития животноводства, занятости в нефтесервисных компаниях и возможности дифференцированного подхода к тарифообразованию для обрабатывающей промышленности.По итогам заседания принято решение, что работу Координационного совета от правительства будет курировать Министерство национальной экономики. Все озвученные предложения и проблемные вопросы будут обобщены и взяты на контроль Правительства для дальнейшей проработки с участием заинтересованных госорганов, партии «Аманат» и НПП «Атамекен».Source : https://www.gov.kz/memleket/entities/economy/press/news/details/1132062?lang=kk

Pupils of the KSU "DYuSSh Altai" UFKiS of the East Kazakhstan region department of freestyle wrestling, take part in the Republican freestyle wrestling tournament dedicated to the memory of J.Ushkampyrova, which takes place in Semey, from December 21 to 24, 2025, and following the results of the first day of the tournament, Ermek Mansur became the Champion in the weight category over 85 kg!Source : https://www.gov.kz/memleket/entities/vko-altay-polyanskoe/press/news/details/1132015?lang=kk

Andrey Lisitsyn from Altai region participated in the republican stage of the "ENBEK ZHOLY" competition, held with the aim of increasing the prestige of working professions and strengthening the continuity of generations, in the nomination "The best mentor of youth". Andrey Lisitsyn works as a foreman of a section of heat supply networks. Over the years, he has established himself as a highly qualified specialist and an experienced mentor, actively transferring professional knowledge and practical skills to young employees, making a significant contribution to the development of the industry. Following the results of the republican stage of the competition, Andrey Alexandrovich was awarded the Diploma "The best mentor of Youth" by the Minister of Labor and Social Protection of the Population of the Republic of Kazakhstan, Svetlana Kabykenovna Zhakupova.Source : https://www.gov.kz/memleket/entities/vko-altay-polyanskoe/press/news/details/1131973?lang=kk

On the eve of the New Year, servicemen of the National Guard of the Ministry of Internal Affairs of the Republic of Kazakhstan presented residents and guests of the capital with a real musical surprise at the Khan Shatyr shopping and entertainment center.Unexpectedly for visitors, guardsmen in uniform performed well-known and beloved New Year melodies. The festive performance featured the male choir and the Exemplary Demonstration Orchestra of the National Guard of the Ministry of Internal Affairs of the Republic of Kazakhstan. Such popular compositions as Jingle Bells and Happy New Year performed in the Kazakh language were heard in the hall and warmly received by the audience.The musical performance lasted only a few minutes, yet it was enough to give people sincere emotions and a true sense of celebration. Visitors to the shopping center gladly stopped, recorded the moment on their phones, and thanked the servicemen with applause.Amid the fast pace of city life, this unexpected concert became a pleasant pause, allowing people to take a break from everyday concerns and feel the approach of the New Year.The servicemen noted that for them it was important simply to bring joy to people and, even for a few minutes, create a festive atmosphere born of sincere and warm emotions. Press Service of the National GuardMinistry of Internal Affairs of the Republic of KazakhstanSource : https://www.gov.kz/memleket/entities/kvv/press/news/details/1131985?lang=kk

In accordance with paragraph 5 of Article 8 of the Law of the Republic of Kazakhstan "On Combating Corruption" dated November 18, 2015, Order No. 12 of the Chairman of the Agency of the Republic of Kazakhstan for Civil Service Affairs and Anti-Corruption dated October 19, 2016, "On Approval of the Model Rules for Conducting Internal Corruption Risk Analysis," and based on Order No. L-69 of the Chairman of the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan dated April 11, 2024, the Almaty Department of State Property and Privatization of the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan plans to conduct an internal corruption risk analysis from December 22, 2025 to January 10, 2026.Source : https://www.gov.kz/memleket/entities/gosreestr/press/news/details/1131942?lang=kk

Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1131901?lang=kk

  Source : https://www.gov.kz/memleket/entities/mod/press/news/details/1131881?lang=kk

 Effective January 1, 2026, a system based on Ki composite indices will be introduced to ensure an objective assessment of investment portfolio managers' (IPM) performance based on return and risk.A composite index is a type of benchmark that includes national and global stock market indices, providing an objective assessment of IPM performance, taking into account global economic trends and capital market conditions. Comparing the dynamics of these indices with the performance of the pension asset (PA) portfolio managed by the IPM will allow one to assess whether the management company is outperforming or underperforming market conditions. A benchmark is a standard indicator or benchmark used to compare the performance and evaluate the results of private managers. To date, UAPF has entered into trust management agreements with five IPMs. It should be noted that under the current approach, IPMs comply with established standards and legal requirements and ensure returns no lower than the minimum level calculated based on the average return on pension assets. There has been a steady increase in the volume of pension funds transferred to IPMs for management. As of December 1, 2025, the total volume of pension assets transferred to IPMs for management amounted to approximately KZT107.3 billion. Most of the IPMs' assets are invested in bonds and government securities, consistent with a conservative investment strategy. The current approach means that IPMs with the largest pension assets under management have the most significant influence on the formation of the weighted average return and, as a result, to a certain extent, limit the investment opportunities of managers.The introduction of a management approach based on a recognized benchmark, which is independent of the performance of other IPMs and reflects the situation in global and local markets, will allow IPMs to rely on objective guidelines and strive for the best results in investing pension assets. New rules for developing investment strategies and expanding investment opportunities  Starting January 1, 2026, IPMs will select a portfolio for their investment strategies based on composite indices. The benchmark portfolio consists of a set of financial instruments reflecting the contributor's strategic interests. The benchmark portfolio's performance serves as a metric for assessing the effectiveness of pension asset management. The composite benchmark includes indices developed and tracked by leading global financial companies, as well as indices of the Kazakhstan Stock Exchange JSC, in certain proportions depending on the investment strategy.Each IPM will continue to manage assets within a single investment strategy; the IPM will not be able to choose between multiple strategies. However, IPM investment strategies will vary in risk level, expected return, and investment term. Based on this, IPMs will be able to offer contributors one of three investment portfolios for pension asset management:Portfolio Ki (12) for contributors, regardless of the period until retirement. The minimum return is determined based on the results of 12 months and must be at least 95% of the nominal return of the corresponding composite index.The following indices serve as benchmarks for the Ki (12) investment portfolio:10% - KASE index[1];60% - KZGB_DPs index [2]10% - MSCI ACWI Index[3]20% - Bloomberg Global-Aggregate Total Return Index Value Hedged USD index [4]. Portfolio Ki (36) for contributors retiring no earlier than in 3 years. The minimum return is calculated based on the results of 36 months and must be no less than 90% of the nominal return of the composite index.The following indices serve as benchmarks for the Ki (36) investment portfolio:20% - KASE index20% - KZGB_DPs index40% - MSCI ACWI Index20% - Bloomberg Global-Aggregate Total Return Index Value Hedged USD index. Portfolio Ki (60) for contributors who have more than 13 years until retirement. The minimum return is determined based on the results of 60 months and must not be less than 85% of the nominal return of the composite index.The following indices are the benchmark portfolio for the Ki (60) investment portfolio:20% - KASE index10% - KZGB_DPs index60% - MSCI ACWI Index10% - Bloomberg Global-Aggregate Total Return Index Value Hedged USD index. Furthermore, starting January 1, 2026, the list of financial instruments permitted for acquisition using PA funds will be expanded, and new risk standards will be established. Thus, depending on the selected IPM benchmark, the investment portfolio structure will differ by instrument type, and each IPM will determine its investment objectives based on the risk-return ratio.Contributors will choose a strategy offered by a specific IPM, taking into account their acceptable risk level and established time limits for approaching retirement. Transferring a portion of their savings to an IPM trust in accordance with the chosen strategy is a good opportunity to gain investment experience and analyze their results. Mechanism for compensating for the negative difference If the pension asset return falls below the established minimum (composite benchmark), the IPM must offset the negative difference from its own capital. The reimbursement is made based on a reconciliation report between the management company, the custodian bank, and the UAPF. The amendments to the legislation also provide for the possibility for IPM to terminate agreements between UAPF and IPM based on the following conditions: the agreement on trust management of the PA at the initiative of the IPM may be terminated after one full calendar year from the date of conclusion of this agreement;The IPM is obligated to notify the authorized body, the UAPF, and the custodian bank responsible for the registration and safekeeping of the PA no later than one year prior to the date of agreement termination, and to post a corresponding notice on the corporate website;Within 5 business days of fulfilling its obligations, the IPM returns the PA to the UAPF's custodial account with the National Bank of the Republic of Kazakhstan based on an acceptance certificate.These standards ensure the transparency and security of contributors' funds when trustees are changed. Thus, the adopted innovations will:increase long-term returns and the safety of PA;develop a competitive environment among IPMs;expand contributor opportunities and strengthen their trust in the funded pension system. As a reminder, an application for the transfer of a portion of pension savings to the IPM trust management can be submitted through your personal account on the website www.enpf.kz or in the UAPF mobile app, as well as by visiting the UAPF office in person.  UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)   [1] an index that represents the ratio of the market prices of shares included in the representative list of the index on the date of its compilation to the prices of shares of this list on a specific date, which is weighted by capitalization taking into account shares in free circulation[2] the total income index, taking into account accrued coupon interest and reinvested coupon payment, reflecting the change in the value of non-indexed government securities of the Ministry of Finance of the Republic of Kazakhstan with a maturity of up to 1 year[3] The index covers large- and mid-cap companies in developed (EM) and emerging (EM) market economies (approximately 85% of all global equity investment opportunities)) https://www.msci.com/indexes/index/892400[4] The flagship global investment-grade debt index, covering multiple currency markets, includes Treasury, government, corporate, and securitized fixed-rate bonds from issuers in both developed and emerging markets.Source : https://www.gov.kz/memleket/entities/kostanai-mendykarin-audany-akimat/press/news/details/1134269?lang=kk

Bitola, December 19, 2025 – Kazakhstan Ambassador to North Macedonia Satybaldy Burshakov delivered a presentation lecture to students and faculty of University St. Kliment Ohridski in Bitola.In his speech, the Ambassador spoke about the current development of Kazakhstan, the ongoing political and socio-economic reforms in our country, achievements in foreign policy, its the geopolitical role in the modern world, various initiatives of Astana to strengthen global and regional security, as well as the results of Kazakh-Macedonian cooperation.The audience was particularly interested in showing videos and photo slides about Kazakhstan, its traditions and people.The diplomat informed the audience about the modern development of Kazakhstan's higher education system, international academic and educational programs. Ambassador Burshakov drew attention to the positive experience of Bolashak programs and branches of the world's leading universities in our country.During the meeting the Vice-Rector of the University Prof. Dr. Goran Ilikj and Ambassador Burshakov discussed the possibilities and prospects for deepening cooperation in the field of education. They agreed to develop interuniversity cooperation between the two countries, as well as partnership between the scientific centers of Kazakhstan and North Macedonia.Mr. Ilikj expressed gratitude for the opportunity to become more familiar with the Kazakhstan’s higher education system and stressed his deep interest in establishing practical ties with educational institutions of our country, focusing on the prospects for academic exchange, joint projects and the expansion of scientific and educational cooperation.Background: University St. Kliment Ohridski was founded in Bitola in 1979 and is a member of the European University Association (EUA), the International Association of Universities (IAU). The number of students is over 15 thousand people.  The University has the following faculties: Economics, Law, Tourism, Technical Faculty, as well as Agricultural, Medical and Social Sciences. The University includes two unique research units in the country: the Institute of Ancient Slavic Culture (Prilep) and the Hydrobiological Institute (Ohrid).Source : https://www.gov.kz/memleket/entities/mfa-skopje/press/news/details/1131835?lang=kk

Source : https://www.gov.kz/memleket/entities/almobl/press/news/details/1131837?lang=kk

Vienna, 22 December 2025 – Kazakhstan delegation visited Vienna to take part in a coordination meeting with the International Atomic Energy Agency (IAEA), at the initiative of the Permanent Mission of the Republic of Kazakhstan to international organizations in Vienna.The delegation comprised representatives of the Ministry of Foreign Affairs, he Agency for Atomic Energy, and the National Scientific Oncology Center.During the meeting with IAEA Deputy Director General Hua Liu, the parties discussed prospects for expanding cooperation, including engagement under the IAEA Technical Cooperation Programme. Kazakhstan presented a draft Roadmap for Cooperation, outlining priority areas such as the safe development of nuclear energy, strengthening the national nuclear and radiation regulatory framework, human capital development, and broader application of nuclear technologies in medicine.In discussions with the leadership of the IAEA Division of Human Health, special attention was given to advancing nuclear medicine in Kazakhstan. The sides also explored opportunities to enhance regional cooperation and support Central Asian countries, building on the strong scientific and technical potential of the National Scientific Oncology Center.The visit concluded with agreement on priority areas for further collaboration and plans for future meetings within the framework of cooperation with the IAEA. Source : https://www.gov.kz/memleket/entities/mfa-vienna/press/news/details/1131850?lang=kk

Ljubljana, 23 December 2025 - The Ambassador of the Republic of Kazakhstan to Slovenia Altaу Abibullayev met with the State Secretary (First Deputy Minister) of the Ministry of Foreign and European Affairs of Slovenia Dr. Melita Gabrič.During the meeting, the parties reviewed the political and diplomatic outcomes of 2025, discussed current issues of bilateral cooperation, aligned their positions on key areas of cooperation, and reaffirmed agreements previously reached at the highest and senior levels. Both sides emphasized their commitment to further deepening political dialogue and expanding cooperation in the trade, economic, investment, innovation, transport and logistics, and cultural spheres.Special attention was devoted to the substantive preparation of the 5th session of the Intergovernmental Commission in 2026, to be co‑chaired by the Deputy Prime Ministers of the two countries, the establishment of a Business Council with the participation of interested business circles, and the holding of political consultations between the foreign ministries. Practical visa issues were also addressed.Both sides highlighted the priority of advancing cooperation in digital transformation and artificial intelligence, transport and logistics within the framework of the Middle Corridor, energy partnership, industrial cooperation, as well as in education, science, and culture.The Kazakh diplomat congratulated Slovenia on its successful presidency of the UN Security Council in December 2025, highly appreciating its contribution to the protection of human rights and freedoms, conflict prevention, and the promotion of gender equality.At the conclusion of the meeting, the counterparts confirmed their readiness to further strengthen bilateral relations and to develop constructive, mutually beneficial cooperation.Source : https://www.gov.kz/memleket/entities/mfa-ljubljana/press/news/details/1131853?lang=kk

Maribor, December 24, 2025 – As part of a regional visit Ambassador of the Republic of Kazakhstan to Slovenia Altai Abibullayev, met with the leadership of the Institute of Information Sciences (IZUM - Institut informacijskih znanosti, Maribor) and discussed in detail the prospects for strategic and innovative cooperation, the development of digital technologies, artificial intelligence and high-performance computing.The Director of the Institute, Ales Bošnjak, noted that the Slovenian supercomputer and AI infrastructure is based on the integration of research information and library information systems. The Institute serves as UNESCO's regional center for library information systems. A special role in this is played by the cooperative bibliographic information system COBISS (Cooperative Bibliographic Information System), which unites 8 European countries. The system is based on the principle of a single catalog and metadata, used by all participating libraries, which ensures high data quality, cost reduction and full compatibility. An agreement in principle has been reached on establishing cooperation between COBISS and the National Library of Kazakhstan.The Ambassador got acquainted in detail with the functionality of the Slovenian VEGA supercomputer, which was launched as part of the HPC RIVR (Research Infrastructure of the Eastern Region) initiative. VEGA with a capacity of 6.9 petaflops is designed for high-load computing in the fields of seismology, climate, weather forecasting, high-energy physics and space, medicine and pharmacy (drug search, disease modeling), engineering and industrial modeling, artificial intelligence and machine learning. Slovenia was able to successfully integrate the national supercomputing ecosystem into the unified national SLING supercomputing network.Currently, a new large-scale VEGA-2 project, the Slovenian Artificial Intelligence Factory, is being implemented in Slovenia on an area of 3,000 square meters. meters with a total budget of about 150 million euros, which consists of two interrelated parts: the acquisition of a new AI-oriented supercomputer, as well as the creation of AI services, research and industrial implementation. The project is being implemented in coordination with EuroHPC Joint Undertaking and is part of the pan-European AI supercomputer ecosystem (resources are distributed according to the principle: 50% of computing power are European projects, 50% are projects where Slovenia is the leader). AI Factory's focus verticals include green transition, smart cities, industrial AI, agro- and food-tech (one of Slovenia's strongest competencies).Following the meeting, an agreement was reached in principle on further deepening bilateral scientific and technical cooperation and the development of joint innovative projects that strengthen the technological potential of both countries, in particular, the joint holding of the «Digital Bridge» IT Forum in Slovenia and the establishment of business cooperation between Astana Hub and IZUM. Special attention was also paid to the development of cooperation in the aerospace sector, including joint research initiatives, training of specialists and technology exchange.Source : https://www.gov.kz/memleket/entities/mfa-ljubljana/press/news/details/1131854?lang=kk

 New opportunities for pension asset management:result-oriented investmentsStarting from January 1, 2026, an assessment system based on Ki composite indices will be introduced to ensure an objective assessment of the effectiveness of investment portfolio managers (IPMS), depending on the level of profitability and risk.The composite index is a type of benchmark that includes indices of national and global stock markets, which provides an objective assessment of the results of the IPM, taking into account global economic trends, as well as capital market situations. Comparing the dynamics of these indices with the profitability of the portfolio of pension assets (PA) held in trust by the UIP will provide an opportunity to assess how much the management company follows market conditions - ahead or behind. A benchmark is a benchmark or benchmark that is used to compare the effectiveness and evaluate the performance of private managers.To date, the UAPF has concluded PA trust management agreements with five UIPS. It should be noted that within the framework of the current approach, the UIP adheres to established standards, legal requirements and ensures profitability indicators not lower than the minimum level calculated on the basis of the average return on pension assets. There is a steady increase in the volume of pension funds transferred to the management of the UIP. As of December 1, 2025, the total amount of pension assets transferred to the management of the UIP amounted to about 107.3 billion tenge. At the same time, most of the assets of the IP are invested in bonds and government securities, which corresponds to a conservative investment strategy. The current approach leads to the fact that the UIP with the largest amount of pension assets under their management has the most significant impact on the formation of weighted average returns, and, as a result, to a certain extent limits the investment opportunities of managers. The introduction of a management approach based on a recognized benchmark, which does not depend on the profitability of other IPMS and reflects the situation on global and local markets, will allow IPMS to rely on objective benchmarks and strive for the best results of investing pension assets.New rules for forming investment strategies and expanding investment opportunitiesStarting from January 1, 2026, UIPS will select a portfolio for investment strategies based on composite indices. The reference portfolio consists of a set of financial instruments reflecting the strategic interests of the investor. The profitability of the reference portfolio serves as a measure for evaluating the effectiveness of pension asset management. The composite benchmark includes indexes developed and tracked by the world's leading financial companies, as well as indexes of Kazakhstan Stock Exchange JSC in certain proportions, depending on the investment strategy.Each IP, as before, will manage assets within the framework of a single investment strategy - there is no provision for IP to choose between several strategy options. However, IP investment strategies will vary in terms of the level of risk, expected return, and duration of investment. Based on this, the UIP will be able to offer depositors one of three investment portfolios in the implementation of trust management of pension assets.:1. Portfolio Ki (12) for investors, regardless of the period before retirement. The minimum yield is determined based on the results of 12 months and must be at least 95% of the nominal yield of the corresponding composite index. The reference portfolio for the investment portfolio Ki (12) is the following indices: 10% - KASE index ;60% - KZGB_DPs index 10% - MSCI ACWI Index 20% - Bloomberg Global Index- Aggregate Total Return Index Value Hedged USD .2. Portfolio Ki (36) for investors retiring no earlier than in 3 years. The minimum yield is calculated based on the results of 36 months and must be at least 90% of the nominal yield of the composite index.The reference portfolio for the investment portfolio Ki (36) is the following indices: 20% - KASE index 20% - KZGB_DPs Index40% - MSCI ACWI Index20% - Bloomberg Global Index- Aggregate Total Return Index Value Hedged USD.3. Portfolio Ki (60) for investors who have more than 13 years before retirement. The minimum yield is determined based on the results of 60 months and should not be lower than 85% of the nominal yield of the composite index.The reference portfolio for the Ki (60) investment portfolio is the following indices: 20% - KASE Index10% - KZGB_DPs Index60% - MSCI ACWI Index10% - Bloomberg Global Index- Aggregate Total Return Index Value Hedged USD.In addition, from January 1, 2026, the list of financial instruments allowed to be acquired at the expense of the PA will be expanded and new risk standards will be established. Thus, depending on the chosen IP benchmark, the structure of the investment portfolio will differ by type of instruments and each IP will determine its investment goals depending on the ratio of risk and return. Depositors will choose the strategy offered by a certain IPO, taking into account the acceptable level of risk for them and the established time limits for approaching retirement age. The transfer of part of the savings to the trust management of the UIP in accordance with the chosen strategy is a good opportunity to gain investment experience and analyze its results.The mechanism of compensation of the negative differenceIf the return on pension assets falls below the established minimum (composite benchmark), the IP must reimburse the amount of the negative difference from its own capital. The refund is made on the basis of a reconciliation report between the management company, the custodian bank and the UAPF.Innovations in legislation also suggest the possibility of termination of contracts between the UAPF and the UIP on the basis of the following conditions:• the PA trust management agreement may be terminated upon the expiration of one full calendar year from the date of conclusion of this agreement at the initiative of the IPU.;• The IPM is obliged to notify the authorized body, the UAPF and the custodian bank responsible for accounting and custody of the PA, no later than one year before the date of termination of the agreement, as well as to place an appropriate announcement on the corporate website;• within 5 business days after fulfilling its obligations, the UIP returns the PA to the UAPF custodial account with the National Bank of the Republic of Kazakhstan on the basis of the acceptance and transfer certificate.These rules ensure transparency and safety of depositors' funds when changing trust managers.Thus, the adopted innovations will allow:• to increase the long-term profitability and safety of the PA;• to develop a competitive environment among UIPS;• Empower depositors and strengthen their trust in the funded pension system.We remind you that an application for the transfer of a part of pension savings to the trust management of the UIP can be submitted in your personal account on the website www.enpf .kz either in the UAPF mobile application, as well as by contacting the UAPF office in person.Source : https://www.gov.kz/memleket/entities/social-abay/press/news/details/1140215?lang=kk