Gabala, October 7, 2025 – Minister of Foreign Affairs of the Republic of Kazakhstan Yermek Kosherbayev held bilateral meetings with Minister of Foreign Affairs of the Republic of Azerbaijan, Jeyhun Bayramov, and Minister of Foreign Affairs and Trade of Hungary, Péter Szijjártó, on the sidelines of the Summit of the Organization of Turkic States.During the meeting with the head of the Azerbaijani Foreign Ministry, the state and prospects for the further development of bilateral cooperation, as well as progress in implementing agreements reached at the highest and high levels were discussed.Particular attention was paid to the preparation of the upcoming state visit of the President of the Republic of Azerbaijan, Ilham Aliyev, to the Republic of Kazakhstan.Minister Kosherbayev proposed holding a forum of IT specialists during this visit to give additional impetus to relations between Astana and Baku in the field of digitalization.Discussions were held with the head of the Hungarian Foreign Ministry on the implementation of agreements reached following the state visit of Kazakhstan’s President Kassym-Jomart Tokayev to Hungary in November 2024, as well as the visits to Kazakhstan by Hungarian President Tamás Sulyok and Speaker of Parliament László Kövér in September-October 2025.The interlocutors focused on issues related to the development and expansion of joint projects in the fields of agriculture, energy, healthcare, and finance. It was noted that the active political dialogue at the highest level contributes to strengthening trust and further deepening strategic cooperation between the two countries.Given Kazakhstan’s achievements in the field of IT and digitalization, Minister Kosherbayev proposed expanding the partnership between the countries in this promising area, including on the basis of the Alem.AI International Artificial Intelligence Center.In addition, an exchange of views took place on topical issues on the regional and global agenda. The parties confirmed their commitment to further close cooperation within multilateral structures.Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/1082385?lang=kk

Akmola region held a meeting with representatives of business communities, the regional Chamber of Entrepreneurs "Atameken," local executive bodies and territorial divisions of state revenues. The main goal of the event was to explain the key directions of the current economic policy, including the provisions of the new Tax Code of the Republic of Kazakhstan, tariff policy and the formation of prices for socially important food products.The meeting was attended by Vice Minister of National Economy of the Republic of Kazakhstan Yerlan Sagnaev, Deputy Chairman of the Committee for Regulation of Natural Monopolies of the Ministry of National Economy Kuanysh Kulnazarov, Deputy Director of the Department of Agri-Food Markets and Agricultural Processing of the Ministry of Agriculture Nurzhan Ilyasov, Deputy Akim of the region Yernar Zharkeshov, Head of the Department of State Revenues in Akmola region Dulat Nurmuldin. Source : https://www.gov.kz/memleket/entities/kgd-akmola/press/news/details/1082413?lang=kk

The President took part in the 12th Summit of the Organization of Turkic StatesOctober 7, 2025Gabala, AzerbaijanIn his speech, Kassym-Jomart Tokayev expressed his gratitude to President of Azerbaijan Ilham Aliyev for the warm hospitality, highlighting the importance and relevance of the summit’s agenda.– We consistently emphasize that the Turkic people share common roots and a centuries-old history that unites our nations. All these achievements embody the golden thread of our blessed unity and everlasting solidarity. Recently, our nations marked the Day of Cooperation of Turkic Peoples. This is a meaningful occasion that further strengthens our bonds of brotherhood. Today, the Organization of Turkic States has evolved into a distinguished and influential platform that unites our friendly nations, – said the President.Kassym-Jomart Tokayev thanked President Sadyr Japarov for Kyrgyzstan’s successful chairmanship of the Organization of Turkic States and expressed confidence that the Organization’s status will continue to strengthen under the leadership of Azerbaijan headed by President Ilham Aliyev.The President of Kazakhstan noted that the global security system is going through a difficult period. In his view, conflicts, challenges, and geopolitical contradictions have become a negative trend posing a threat to all nations.– In these turbulent times, I would like to particularly commend the singing of the Peace Declaration between Azerbaijan and Armenia – a historic step towards the resolution of a conflict that has remained unsettled for more than three decades. This landmark agreement paves the way for lasting stability and economic growth. In light of the current complex geopolitical landscape, unity among the Turkic states is vital to safeguard and promote our shared interests. Today, the global community sees us as strong, resilient, and united nations capable of addressing significant challenges. Several countries have expressed a growing interest in the activities of our Organization. In this regard, Kazakhstan supports the initiative to establish the “Organization of Turkic States+” format, aimed at expanding the scope of cooperation. This initiative will undoubtedly open the way to enhancing the international standing of our Organization, – stated Kassym-Jomart Tokayev.The President highlighted the unique role and potential of the Conference on Interaction and Confidence Building Measures in Asia in promoting stability, security, and peace across the Turkic region.– We express our sincere appreciation to the Republic of Azerbaijan as well as to all Turkic states for supporting the process of transformation of the Conference into a full-fledged international organization. The Turkic nations share common goals in promoting security and addressing challenges, including combatting terrorism, and therefore our cooperation in this field has been yielding tangible results. Our nations are working together to prevent and combat terrorism, organized crime, and drug trafficking. In this context, we all continue to support global initiatives aimed at maintaining global security. However, we should not limit our efforts to these areas alone, – noted the President.Kassym-Jomart Tokayev drew attention to the fact that many countries are facing cyberattacks — a new and borderless threat.– I propose to establish a Cybersecurity Council within the framework of this Organization. This Council would serve as a platform to coordinate the actions of member states, and consolidate our efforts. Moreover, it would strengthen our digital security and technological connectivity. The outcomes of the conference held in Almaty this September reaffirmed the crucial importance of enhancing cooperation in the field of cybersecurity, – President Tokayev said.The Head of State described economic cooperation as a fundamental pillar of stability and prosperity.– We must pay special attention to the comprehensive implementation of the Turkic World Vision – 2040. Today’s summit should enrich this strategy with concrete measures. Each member state of our Organization has its own unique advantages and achievements. Nevertheless, within the Organization, effective mechanisms have already been proposed to advance large-scale trade and economic projects. One such mechanism is the Turkic Investment Fund. We should fully utilize the opportunities of this financial institution. This year, our ministers of economy and trade will gather in Turkistan. On that occasion, it would be appropriate to prepare a List of projects to be financed by the Fund. Industrial cooperation plays a significant role in diversifying our economies. In this regard, we think that the Turkic Chamber of Commerce and Industry possesses great potential. Next year, Kazakhstan will assume the chairmanship of this Chamber. In this capacity, we will propose the adoption of an Industrial Cooperation Program focused on concrete projects, – emphasized Kassym-Jomart Tokayev.The President considers one of the main priorities to be bringing cooperation in the transport and logistics sector to a qualitatively new level.– Our countries are situated at the crossroads of East and West, North and South, in the very heart of Eurasia. Today, five international railway corridors pass through Kazakhstan. Nearly 85% of cargo transported between Asia and Europe transits through our territory. Recently, we launched the second line of the Dostyk – Moyynty railway. This step will contribute to the dynamic development of the Trans-Kazakhstan railway corridor. The new line will increase freight capacity fivefold. In addition, two other major railway projects are currently underway. These initiatives will undoubtedly provide strong momentum to the diversification of regional logistics. The Trans-Caspian International Transport Route has become a strategic part of Eurasia’s transport network. Over the past five years, the volume of cargo transported along the Middle Corridor has grown sixfold. Recently, the transport ministers of the member states of the Organization met in Almaty. During this meeting, the parties reached a number of agreements on this route. In this context, we call on the Turkic states to actively participate in modernizing air hubs, railway stations, and seaports along the Middle Corridor. Currently, intensive work is underway on the digitalization of the transport and transit sector. In this regard, the use of Artificial Intelligence technologies will undoubtedly be effective. Therefore, we propose to discuss the establishment of a Digital Monitoring Centre within the Organization, engaging leading experts in the field, – stated the Head of State.Touching upon the importance of digitalization and artificial intelligence, the President emphasized that Kazakhstan has set a strategic goal to become a fully digital state.– To ensure the comprehensive development of artificial intelligence, we have launched programs to train qualified specialists in this field. As part of this initiative, more than 400 students have already received specialized training since the beginning of this year. We also plan to establish the first research university specializing in the training of artificial intelligence experts. Kazakhstan stands ready to allocate special grants for young people from Turkic countries who wish to study at this institution, – he stated.The Head of State put forward a number of initiatives that can be implemented within the framework of the Organization– Recently, the Alem.ai Artificial Intelligence Center was inaugurated in Astana. Building on this foundation, we propose the establishment of a Digital Innovations Center of the Organization of Turkic States. This Center will support startups and create new opportunities for developing joint projects. It will also facilitate the exchange of experience in the field of artificial intelligence and help attract venture capital. We should effectively utilize the vast potential of digitalization and artificial intelligence for the benefit of our peoples. At the same time, we must take proactive measures to address the risks and challenges posed by emerging technologies. Therefore, I propose dedicating next year’s informal Summit of the Organization to the theme “Artificial Intelligence and Digital Development”. In the lead-up to this event, we stand ready to host an international conference that will bring together leading experts and practitioners in the field, – said the President.Kassym-Jomart Tokayev believes that under the current circumstances, the development of the energy sector requires priority attention.– It is the backbone of our economies and the foundation of our strategic partnership. We are already implementing joint infrastructure projects and working to ensure secure and efficient routes for energy transportation. The Green Energy Corridor among Kazakhstan, Azerbaijan, and Uzbekistan stands as a vivid example of fruitful cooperation in this area. At the same time, we believe it is essential to pay particular attention to renewable energy sources, especially solar energy. In this regard, I propose establishing a Council for Energy Efficiency Excellence within the Organization of Turkic States. Nevertheless, the development and efficient utilization of oil and gas, uranium, coal and rare earth minerals continue to serve as a cornerstone of Kazakhstan’s energy strategy, – noted President Tokayev.According to the Head of State, one of the most pressing global issues is water scarcity, which may become the most acute challenge for Central Asia.– Recognizing that river waters represent a shared good, it is essential to develop new approaches to their sustainable use. We could adopt a Joint Program focused on digital monitoring of irrigation systems, the wider use of drip irrigation technologies, and enhancing the efficiency of water reservoirs. As you are aware, the Caspian Sea has been steadily shrinking. We are all deeply concerned about it. The ancient Caspian has always held a special place for the Turkic peoples. It can truly be seen as a source of unity among our nations. In recent years, the decline in the sea level has had a negative impact on the region’s ecology and economy. This is a challenge of global concern. I emphasized this in my address at the Shanghai Cooperation Organization’s Summit and at anniversary session of the UN General Assembly. As neighboring nations with shared past, we must devote particular attention to improving the situation of Caspian Sea. I call upon the Turkic states to unite efforts in this endeavour, to advance joint projects and support international initiatives. With the support of the United Nations, Kazakhstan will host a regional summit next April under the theme “Shared Vision for a Resilient Future”. We look forward to the active participation of the Turkic states in the Summit at the highest level, – said President Kassym-Jomart Tokayev. The Head of State noted that cultural and humanitarian ties are also strengthening within the Organization of Turkic States–This year Aktau city was declared the Cultural capital of the Turkic world.  Several events took place within this endeavour. The Turkic cultural festival was organized along the Caspian Sea. This important gathering attracted more than 100 thousand visitors. Moreover, Almaty was named the Youth capital of the Turkic world. We should take active steps to raise our young generation in the spirit of brotherhood and close cultural bonds. In this regard, I suggest to hold Creative Economic Forum in Almaty. This step will provide an opportunity to bring our youth closer and enhance their knowledge.  We have a Kazakh saying “Skilled person will swim high”. Indeed, the values of art, education, science broaden our Civilization. Kazakhstan can also host a special event for the representatives of our intelligentsia. This event could be organized under the auspices of our Organization’s Council of Elders. Moreover, we propose establishing the «Turkic Explorers Club», which can be based within the framework of the Turkic Academy, – noted the President.In conclusion, President Tokayev once again called on the Turkic peoples to remain united and cohesive.– The Azerbaijani poet and native of this historic land, Bakhtiyar Vahabzade, left us a message: “A Turk has no right to be hostile toward another Turk!” We honor the wise words of our ancestors and show the world that the Turkic peoples are brothers by blood, steadfast in their unity, – he emphasized.In connection with Azerbaijan’s assumption of the chairmanship of the Organization of Turkic States, the Head of State wished President Ilham Aliyev great success.The meeting was also addressed by President of Azerbaijan Ilham Aliyev, President of Kyrgyzstan Sadyr Japarov, President of Türkiye Recep Tayyip Erdoğan, President of Uzbekistan Shavkat Mirziyoyev, Prime Minister of Hungary Viktor Orbán, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, President of the Turkish Republic of Northern Cyprus Ersin Tatar, and Secretary-General of the Organization of Turkic States Kubanychbek Omuraliev.  Source : https://www.gov.kz/memleket/entities/mfa-tel-aviv/press/news/details/1082421?lang=kk

Gwangju and Seoul, October 4–6, 2025 – The Zhambyl Kazakh State Academic Philharmonic showcased a vibrant concert program, while the brand “Tarbiya” presented a collection of traditional Kazakh clothing during events held in Gwangju and Seoul, with the support of the Asian Cultural Center, the Secretariat of the Central Asia–Republic of Korea Cooperation Forum, and the Central Asia–Republic of Korea Friendship Association.The events were attended by Rhee Jong Kook, Executive Director of the Secretariat of the Central Asia–Republic of Korea Cooperation Forum; Kim Sanguk, President of the Asian Cultural Center; Lee Ok Ryun, President of the Central Asia–Republic of Korea Friendship Association; as well as Ambassadors from Central Asian countries.In his welcoming remarks, Ambassador of Kazakhstan Nurgali Arystanov highlighted the importance of developing cultural ties between Central Asia and Korea, noting that such events contribute to strengthening mutual understanding and friendship between peoples.The Kazakh diplomat also emphasized the active development of political and parliamentary dialogue, noting that President Kassym-Jomart Tokayev intends to participate in the Central Asia–Republic of Korea Summit, which will take place in Seoul in 2026.In turn, Rhee Jong Kook, Executive Director of the Secretariat of the Central Asia–Republic of Korea Cooperation Forum, noted the active development of exchanges between regions, emphasizing that such initiatives help foster closer understanding of each other’s rich heritage and traditions.Kim Sanguk, President of the Asian Cultural Center, praised the level of exchange and highlighted the significance of such initiatives in helping Asian peoples get to know each other better and increase awareness.Members of the Zhambyl Kazakh State Academic Philharmonic masterfully performed Kazakh kyuys and folk songs. The collection of national costumes by the brand “Tarbiya,” which harmoniously combined tradition and modernity, drew special interest from the audience. The fashion show allowed guests to experience Kazakhstan’s rich cultural heritage and feel its vibrant energy.Performances by Kazakh artists and the traditional fashion show attracted great interest from the Korean audience and received high praise. The event served as a vivid example of mutual cultural enrichment and made a significant contribution to strengthening humanitarian ties between Kazakhstan and Korea.Source : https://www.gov.kz/memleket/entities/mfa-seoul/press/news/details/1082155?lang=kk

We inform interested parties and participants of foreign economic activity about upcoming changes in the legal regulation of conformity assessment of single vehicles.From October 20 this year will come into force the Decision of the Council of the Eurasian Economic Commission of May 23, 2025 № 45, which amends the Technical Regulations of the Customs Union “On the Safety of Wheeled Vehicles” (TR TS TS 018/2011).Decision of the EEC Council No. 45 clarifies the definition of the concept of “single vehicle” contained in Section II “Definitions” of Technical Regulation TR CU 018/2011.The paragraph of the definition relating to vehicles imported by a natural person is set out in a new wording. The text after the words “by a natural person for his own needs” is supplemented with the following specification: “(under single vehicles for own needs are understood certain types of auto- and motor vehicles and trailers to auto- and motor vehicles, defined by the Eurasian Economic Commission as vehicles for personal use);”This addition establishes a direct legal link between the norms of technical regulation (TR CU 018/2011) and the customs legislation of the EAEU in terms of the application of non-tariff regulation measures.Since October 20 of this year, in order to classify a vehicle imported by an individual as a “single” vehicle for the purpose of conformity assessment and obtaining a Certificate of Vehicle Construction Safety (CVCS), it is necessary for the vehicle to be recognized as goods for personal use in accordance with the criteria established by the customs legislation.The criteria for classifying vehicles as goods for personal use are defined by the EEU Customs Code and Decision of the EEC Council No. 107 of December 20, 2017 “On Certain Issues Related to Goods for Personal Use”.We ask foreign trade participants, customs representatives and individuals planning to import vehicles to take these changes into account in their activities for the correct application of non-tariff regulation measures and customs declaration. Source : https://www.gov.kz/memleket/entities/kgd-zhetysu/press/news/details/1082157?lang=kk

Q-Group and Arizona State University launch the University of Innovation and TechnologyA Q-Group delegation visited Arizona State University (ASU) for a series of strategic meetings and events, culminating in the announcement of the launch of the «University of Innovation and Technology powered by ASU».The new university will serve as a platform for the implementation of advanced educational technologies, the expansion of academic mobility, and the development of joint research and entrepreneurial initiatives.During the visit, the Q-Group delegation held discussions with key ASU divisions. At EdPlus, the parties explored cutting-edge solutions in digital learning and new models of online education. At Global Launch, attention was given to academic adaptation, international student support, and expanded opportunities for global integration. The meeting with the School of Engineering focused on sharing experience in engineering education, including interdisciplinary and practice-oriented approaches.The launch of «University of Innovation and Technology powered by ASU» marks a new stage in the development of Kazakhstan’s educational ecosystem, providing Q-Group students, faculty, and partners with access to world-class standards and innovations.Source : https://www.gov.kz/memleket/entities/sci/press/news/details/1082248?lang=kk

In case of an emergency or if there’s a threat of one, sirens and alarms are activated in public areas to draw citizens’ attention to important information.In the first ten days of October, Örken East Kazakhstan Regional Scientific and Methodological Center for Informatization and Education Development of Education Administration of East Kazakhstan region held an interactive lesson in an interview format in the Kazakh language on the topic “Emergency Alert Signal: Attention Everyone!”. The speaker of the meeting was Erik E. Tursyngaliyev, a senior officer of Civil Defense Administration of Emergency Situations Department of East Kazakhstan region, Lieutenant Colonel, who answered a set of key questions related to the topic: what does the “Attention everyone!” signal mean, what actions should be taken upon receiving this signal, who authorizes the activation of the alert system, and what communication means can be used to receive this signal.Additionally, the speaker introduced students to the operations of the Single Duty Dispatch Service (SDDS), explaining the types of situations in which citizens should contact the service. The lesson also focused on modern warning systems and the different types of alert signals currently used in Kazakhstan. Source : https://www.gov.kz/memleket/entities/vko-bilim/press/news/details/1082836?lang=kk

The thirty-seventh extraordinary session of the Kegeni district Maslikhat.On October 07, 2025, at 10:00 a.m., an extraordinary XXXVII session of the Kegeni district Maslikhat was held.Three issues on the agenda were considered at the session.1. Report of Akim of Uzunbulak rural district to the deputies of maslikhat in accordance with the Decree of the President of the Republic of Kazakhstan dated January 18, 2006 No. 19.2. on the submission of candidates to the precinct election commissions of the Kegeni district in accordance with paragraph 3 of Article 10 of the Constitutional Law of the Republic of Kazakhstan "On Elections in the Republic of Kazakhstan".3. On awarding the title of "Honorary Citizen of the Kegensky district".Proposals on these three issues were considered and a decision was made.  Source : https://www.gov.kz/memleket/entities/maslihat-kegen/press/news/details/1082262?lang=kk

Today, a government meeting was held under the chairmanship of Prime Minister of the Republic of Kazakhstan Olzhas Bektenov. The agenda included discussions on modernizing the compulsory social and medical insurance and reduction of the shadow economy. Regional Akim Nurlybek Nalibayev participated in the meeting via conference call. Following the meeting, industry leaders were given instructions on these and other issues.It was noted that time is short and appropriate measures must be taken to fully meet the key target indicators for mandatory social health insurance. The importance of employment, insurance, and general socialization for special categories of citizens was emphasized.The President has instructed that ongoing measures be taken to suppress the actions of those who threaten and harm the economy. It was stated that the actual implementation of the planned workload and the targeted use of budget funds must be under the constant supervision of budget program administrators, the Baikonur Social Entrepreneurial Corporation, the state revenue departments, and the internal state audit department.Budget program administrators must digitize their operations, from the allocation of funds to the achievement of the final result, and ensure their transparency. Continuous monitoring and targeted spending of budget funds are essential.The State Revenue Department, together with the Kyzylorda city and district akimats, has been instructed to strengthen measures to prevent illegal trafficking and increase state budget revenues.It was noted that there is one week left before the start of the heating season. An order had previously been issued to stockpile coal. It was emphasized that there should be no problems with solid fuel or coal reserves during the heating season. Instructions were given to intensify efforts to supply coal and build up the necessary reserves. This year, 58 billion 785 million tenge has been allocated from the budget for housing construction and the purchase of 3,800 finished apartments from private developers. It has been emphasized that there should be no issues with the quality of the new housing.Source : https://www.gov.kz/memleket/entities/kyzylorda/press/news/details/1082315?lang=kk

Article by Dauren Salimbayev, Deputy Chairman of the Agency for Regulation and Development of the Financial MarketSince early 2025, extensive and systematic work has been carried out to develop a new Banking Law. This is one of the most significant legislative packages prepared in the financial sector for the past decade.The law has been developed at the instruction of the Head of State and is a result of a thorough review of the current banking regulations. Approaches to regulation, supervision, licensing, consumer protection, particularly for credit products and ensuring bank stability have been revised. The document rests on best international practices, including recommendations from the International Monetary Fund, as well as experience of leading countries –the United Kingdom, the United Arab Emirates, Malaysia and the European Union.From January to May 2025, over 30 working meetings, discussions and open consultations were held with participation of banks, experts and international consultants. All key provisions of the draft were openly discussed with detailed feedback from the market. As a result, we have developed a comprehensive, logically structured law covering the entire lifecycle of a bank – from obtaining a license and commencing operations to terminating operations and regulation of insolvency. The law includes 135 articles, 9 sections and dozens of related amendments to other legislative acts. Essentially, it creates a new legal framework for sustainable and technologically advanced financial sector.One of the central areas is the issue of digitalization. Today, digital technologies are no longer just a tool but a foundation of the banking system. That is why the new Law introduces, for the first time, a legal regime for digital financial assets (DFAs) – the so-called tokenized financial instruments. Three types of DFAs are envisaged: stablecoins backed by money; secured digital assets issued against a specific underlying asset; and digital financial instruments – stocks, bonds and other securities in token format. Such assets are considered financial instruments and are regulated in the same way as traditional ones, with mandatory platform registration, oversight of operations, internal control requirements, information disclosure and investor protection.To create a sustainable, technologically neutral and competitive financial environment, the National Bank will establish technical standards for operation of digital platforms and infrastructure. The National Bank will also regulate issue and circulation of stablecoins and oversee their integration into a unified legal system. The Agency, in turn, will focus on the investment side of the market, regulating issue and circulation of digital securities and other financial instruments, establishing requirements for issuers, monitoring information disclosure and ensuring investor protection. Together, both bodies will determine operating rules for key infrastructure – platforms, registrars, and exchanges – to enable development of a transparent and secure digital asset market.Legal status of the digital tenge is also fixed as a new form of national currency that can be used in the digital environment – through mobile apps, internet services and other technologies. It will become an important element of the fast and secure payment system. Furthermore, it is proposed to tighten requirements for payment institutions. Specifically, these relate to registration of payment institutions and grounds for removal from the register of payment institutions.Digitalization is impossible without updating the very model of access to the banking market. One of the key innovations of the new Law is introduction of a two-tier bank licensing system: basic and general licenses. This model allows for creation of a more flexible and competitive environment in which not only large banks but also new participants, including small regional banks and microfinance organizations, can develop. This is particularly important to stimulate financial inclusion, foster entrepreneurship and reduce territorial and digital gaps in banking services.Basic license is intended for small banks focused on a limited range of operations. Such organizations are subject to simplified minimum capital requirements and restrictions on types of activities. Specifically, lending to affiliates and non-residents is prohibited, volume of risky investments and large transactions is limited, and a limit is set on deposits from individuals. These restrictions help mitigate potential risks without overburdening participants with excessive regulatory burdens.However, availability of a basic license does not exempt such banks from supervisory requirements. They will undergo regular inspections, including a sustainability assessment procedure under the SREP (Supervisory Review and Evaluation) supervisory model. It is a comprehensive methodology to assess bank's stability that encompasses corporate governance, capital adequacy and other indicators. Thus, reliability and integrity of new participants will be ensured on par with universal banks, but with due consideration for the scale of their operations.General license is retained for existing large banks and allows for a full range of operations, from traditional lending to investment banking. This approach, on the one hand, increases competition and attracts new players, and on the other, maintains stability of the system and differentiates requirements depending on the nature and volume of operations.Creation of conditions for occurrence of small but stable banks is an important step toward increasing the financial inclusion, emergence of new business models, including digital ones and overall improvement of the competitive environment. In the long term, this will allow clients, both individuals and SMEs, to receive a wider choice of banking products, including with the use of innovative technologies.The next major focus area was implementation of behavioral supervision. We have shifted from an approach where supervision was limited to financial indicators to a model where client protection is the key priority. The new law introduces requirements for honest advertising, disclosure of product terms, prohibition of solicitation and assessment of service suitability. Financial institutions have to verify suitability of a particular product for a particular individual. Responsible lending standards are being introduced to prevent excessive debt burdens, especially among vulnerable groups.The complaint handling system is structured in two stages: first, complaint is reviewed by the service provider itself, then by a unified financial ombudsman service. This institution will combine all existing ombudsman functions and will become primary pre-trial mechanism for resolution of disputes between clients and financial institutions. We have also established the obligation of banks and microfinance organizations to implement initiatives to improve financial literacy. This is especially important against the background of digitalization and emergence of new complex products – clients must understand their choices.Considerable attention has been paid to resilience of banks and their preparedness for potential crises. The law includes a three-stage anti-crisis regulation system: enhanced supervision, recovery mode and regulation mode. Banks are required to develop recovery plans in advance in case of deterioration in their financial condition. If the situation continues to deteriorate, the regulation mode is initiated. At this stage, a temporary administration is appointed, bank's viability is assessed, and, if necessary, special measures are implemented: from transfer of some or all assets and liabilities to another financial institution to creation of a transition bank or write-off of debt to shareholders and investors.The law provides for specific regulation instruments consistent with the international practice. These first of all include write-off or conversion of capital and debt obligations, sale of businesses, transfer of assets, creation of a temporary organization (bridge bank), and separation of bank functions into "good" and "problem" assets (asset separation). Such measures ensure continuity of critical services, protect interests of depositors and maintain confidence in the financial system.Backbone banks are required to establish a safety margin – the TLAC (Total Loss Absorbing Capacity) mechanism. This means that the bank must have sufficient capital and debt instruments prepared in advance for possible write-offs or conversion to equity in case of significant losses. Thus, losses are first of all covered by shareholders and investors without resorting to budgetary funds.Direct government participation in regulation is now possible only in the most extreme cases – if the use of all market instruments has proven insufficient, and the bank poses a systemic risk to the country's financial stability. Even in such cases, government assistance is permitted only under strict conditions: transparency of decisions must be ensured, minimal intervention in market mechanisms, and mandatory compliance with the NCWO (No Creditor Worse Off) principle. This means that no creditor must suffer losses during the regulation process greater than they would have suffered under a standard bankruptcy procedure. This eliminates the possibility of arbitrary redistribution of losses and guarantees protection of rights of bona fide creditors.The new system completely eliminates automatic or politically motivated provision of the state aid. The approach to regulation has become predictable, economically justified and fair. This fundamental change is designed to eliminate moral hazard, increase responsibility of bank owners and protect interests of depositors and taxpayers.We have also strengthened corporate governance requirements, as bank’s stability and protection of client interests depend on quality of management decisions. The new law establishes clear standards for all levels of management, from shareholders to specialized functions within the bank.Heads of risk management, internal control and compliance departments are now officially recognized as key management personnel. This means that they are subject to the same strict requirements as members of the management board: experience, relevant education, business reputation and transparent professional history. Their independence and powers are fixed at the legislative level, allowing these functions to effectively influence decision-making and prevent violations at an early stage.Requirements for composition of boards of directors have also been tightened. Members of the board of directors, especially independent ones, must meet a number of criteria, including lack of affiliation with the bank, business reputation and qualifications. Term limits are being introduced to prevent excessive closeness to management and maintain an independent view. Annual verification of compliance with independence criteria will become mandatory, both by the bank itself and with the possibility of subsequent assessment by the regulator. This is necessary to ensure that boards of directors truly perform an oversight function, rather than merely formally approve decisions.Additionally, the law expands regulator's tools of reasoned judgment. This means that the authorized agency will be able to assess not only formal but also factual circumstances – for example, actual independence of a board member or a shareholder's influence on operations, even if all regulations are met on paper. This approach will help identify potential conflicts of interest and mitigate risks of abuse.To improve efficiency of asset management, a limit has been set for a period during which recovered assets can remain on a bank's balance sheet – no more than three years. This is important to prevent banks from turning into the so-called "real estate holdings" or "factory owners," and to focus on their core business – financial intermediation. This requirement will encourage rapid realization of collateral, return of assets to the real economy and reduction of non-core risks.Finally, an important part of the new law is development of the Islamic finance. A flexible "Islamic windows" model is being introduced, allowing traditional banks to provide Islamic services within their existing license without establishment of a separate structure. All such operations will be conducted separately, with separate accounting, internal barriers, and mandatory presence of a Shariah compliance council. This will ensure compliance with the principles of the Islamic law while integrating such services into the existing banking system.This model is already being successfully applied in countries with developed Islamic markets, including the UAE, Malaysia and Pakistan. It makes Islamic products more accessible, reduces costs for banks and opens up new opportunities for clients who prefer ethical or religiously oriented products, as well as for attracting investment from Islamic countries. Introduction of this model will be an important step toward development of an inclusive and diversified financial system in Kazakhstan.All these innovations are more than just regulatory updates. They represent a comprehensive legislative reform that opens a new chapter in development of the banking sector. The new Banking Law is a systemic document that zeroes in on sustainability, fairness, technological advancement and protection of interests of consumers of financial services.It is the result of joint and transparent efforts of the government, market participants and the expert community. The law establishes clear and predictable rules of the game, enhances confidence in the financial system, increases responsibility of all its participants and creates foundation for its sustainable, competitive and inclusive development.Source : https://www.gov.kz/memleket/entities/ardfm/press/news/details/1081970?lang=kk

Kazakhstan’s leading investment event is once again bringing together global leaders!KGIR has been held since 2017 and has established itself as a reputable platform for open dialogue between the government, business, and the international investment community.Theme of 2025:“New Solutions in the Era of Transformation: Kazakhstan as a Hub of Sustainable Economic Development”Participants will discuss:global challenges and investment opportunities;Kazakhstan’s role in shaping the economies of the future;the development of infrastructure, industry, energy, technology, and the green economy.This year, the forum will gather over 700 participants from 40 countries — including representatives of governments, multinational corporations, international organizations, investors, and the media.The program includes panel sessions, an awards ceremony, the signing of agreements, and B2B and B2G meetings.KGIR-2025 will serve as a platform where trends are shaped, partnerships are built, and new directions for growth are defined.🔗Participant registration is open at: www.kgir.kz #KGIR2025 # InvestInKazakhstan Source : https://www.gov.kz/memleket/entities/mfa-addis-ababa/press/news/details/1082052?lang=kk

Venue: Zhetysu Regional Danesh Rakishev PhilharmonicDate: October 10, 2025, 17:00 PMContact phone numbers:8 (7282) 24-34-07Email address: 7su.ocnt@mail.ruADMISSION IS FREESource : https://www.gov.kz/memleket/entities/zhetysu-archive/press/news/details/1082080?lang=kk

The Kostanay region continues to implement measures within the framework of the state program "Taza Kazakhstan", aimed at improving the ecological culture of the population and forming a responsible attitude to the environment.In order to promote environmental responsibility among the residents of the district, in 2025, the Department of Internal Policy of Kostanay district is implementing a state social order project "Organization and ideological support of the national program "Taza Kazakhstan" in Kostanay district.As part of the project, on October 7, 2025, a pilot project "Recycling Workshop" was launched at the Kubeev secondary school in Oktyabrskoye village, providing for the installation of an interactive space "Eco-cabinet".The project is aimed at developing environmentally responsible behavior among students and villagers, developing a culture of separate waste collection and recycling, and raising awareness of the possibilities of recycling materials.The EcoCabinet is an interactive platform designed for waste collection and sorting with subsequent recycling. Here, residents and students can not only donate recyclables, but also observe the process of its transformation into new products, including 3D printing threads and other useful materials.The initiative is being implemented in cooperation with the Neco Environmental Club Public Foundation, with the support of an educational institution and government agencies. The implementation of the project contributes to the introduction of modern environmental practices, the development of environmental volunteerism and the formation of sustainable values of environmental management among the younger generation.The launch of the Recycling Workshop project is a significant step in the implementation of the Taza Kazakhstan state program and is aimed at further developing environmental culture in Kostanay region.#TazaQazakstan #clean country #ecology #recycling #TazaChallenge #sustainable development @TazaQazaqstanSource : https://www.gov.kz/memleket/entities/kostanay/press/news/details/1082092?lang=kk

Link to the interviewSource : https://www.gov.kz/memleket/entities/mfa-skopje/press/news/details/1082097?lang=kk

Minister of Foreign Affairs of the Republic of Kazakhstan Yermek Kosherbayev took part in the meeting of the Council of Foreign Ministers of the member states of the Organization of Turkic States (OTS), which was held ahead of the 12th OTS Summit.During the ministerial meeting, participants exchanged views on further developing cooperation within the Organization and “compared the notes” on current international and regional issues.Source : https://www.gov.kz/memleket/entities/mfa-baku/press/news/details/1089041?lang=kk

The Ambassador of the Republic of Kazakhstan to the Hashemite Kingdom of Jordan and concurrently to the Republic of Iraq H.E. Mr. Talgat Shaldanbay held bilateral meetings at Iraq’s Ministry of Foreign Affairs with the Director of the Asia Department Mats As-Samarai, and the Director of the Consular Department Falah Abdel Hassan.The parties discussed a wide range of issues, including strengthening political dialogue, developing a legal framework, and cultural interaction, as well as expanding consular cooperation between Kazakhstan and Iraq. The meetings were held in the framework of the сeremony of presenting copies of credentials to the Deputy Prime Minister-Minister-Minister of Foreign Affairs of Iraq Fuad Hussein.Source : https://www.gov.kz/memleket/entities/mfa-amman/press/news/details/1082147?lang=kk

Brussels, October 6, 2025 – The adaptation of Kazakh students in Belgian and Luxembourg universities, their career prospects, as well as the upcoming celebration of Republic Day were discussed at a meeting held at the Embassy of Kazakhstan in Brussels.Kazakh youth were represented by members of the Qazaq Society in Belgium, a student association that unites Kazakhs studying and living in Belgium.Ambassador of Kazakhstan to Belgium, Roman Vassilenko, warmly welcomed the participants and congratulated the newly arrived students on beginning their studies at leading universities in Belgium and Luxembourg:“You are far from Kazakhstan, but each of you carries a part of our country within you. Your achievements abroad are a contribution to the future of our homeland. You are already informal ambassadors of Kazakhstan in the student, academic and youth communities of Europe.”He also highlighted the active participation of many students in events organized by the Embassy.During the meeting, the Ambassador informed the students about the activities of the diplomatic mission and the key priorities of Kazakhstan’s foreign and domestic policy. Particular attention was paid to the recent Address of President Kassym-Jomart Tokayev to the Nation, the country’s international initiatives, as well as upcoming cultural and public events in Belgium:“Today, Kazakhstan is moving towards a digital future. President Tokayev’s Address outlined important goals — among them the digitalization of all spheres of life and the development of artificial intelligence. This is not only a strategy but also concrete opportunities, especially for young professionals like you. Within the framework of building a digital economy, new programs and international partnerships are being launched, opening prospects for internships and research. We want you to be at the heart of these processes.”In turn, the young compatriots asked the Ambassador and Embassy staff about the organization of events in Belgium and Luxembourg, the expansion of international academic cooperation, and opportunities for internships and training in companies and institutions across Kazakhstan, Belgium, and Luxembourg.As noted by A. Nurbalin, leader of the Qazaq Society in Belgium:“It is important for us that Europeans learn more about Kazakhstan. We strive to represent our country through culture, education, and engagement with other communities. By bringing Kazakhs together abroad, we not only preserve our culture but also continue to develop it, all in close cooperation with our Embassy.”Participants noted that the informal atmosphere allowed students to better connect with Embassy staff and each other, facilitating valuable information exchange, stronger networks, and the preservation of close ties with the Homeland during their time abroad.Source : https://www.gov.kz/memleket/entities/mfa-brussels/press/news/details/1081769?lang=kk

Bern, October 6, 2025 - Ambassador of the Republic of Kazakhstan to the Swiss Confederation Kairat Sarzhanov met with the President of the Government of the Canton of Bern, Christoph Neuhaus.During the meeting, the Ambassador briefed his counterpart on the key points of the Address of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, entitled «Kazakhstan in the Era of Artificial Intelligence». The Swiss side commended Kazakhstan’s strategic course aimed at modernizing the economy, promoting digital transformation, developing human capital, and enhancing the country’s investment attractiveness.The parties discussed prospects for expanding bilateral cooperation, with particular emphasis on the potential of interregional partnerships and the establishment of direct contacts between the regions of Kazakhstan and the cantons of Switzerland, including the Canton of Bern. In particular, mutual interest was confirmed in organizing business missions and developing cultural exchanges.Source : https://www.gov.kz/memleket/entities/mfa-bern/press/news/details/1081770?lang=kk

Source : https://www.gov.kz/memleket/entities/almobl/press/news/details/1081776?lang=kk

Source : https://www.gov.kz/memleket/entities/almobl/press/news/details/1081777?lang=kk