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Tag: Kazakhstan

Posted on January 8, 2024

Kazakhstan fintech Solva raises $20 million in bid to become a bank

Solva, the leading Central Asian fintech business headquartered in Almaty, Kazakhstan, announced the equity investment of $20M with Neo Crystal Holdings Limited (“Neo”), a company backed by the …
Posted on January 8, 2024

Visa bids ideas to grow non-cash pays in Kazakhstan – Cristina Doros (Exclusive interview)

BAKU, Azerbaijan, January 8. Visa is proposing novel ideas and technologies for the development of non-cash payments in Kazakhstan, Vice President, Regional Manager Central Asia and Azerbaijan at Visa …
Posted on January 7, 2024

Kazakhs Commemorate Relatives Killed In Crackdown On Protests

Small rallies took place in Kazakhstan on January 5 to mark the second anniversary of anti-government protests, some of which spiraled into riots and ended with many demonstrators being shot by …
Posted on January 6, 2024

Russian oligarch skirts sanctions, buys new jet via Kazakhstan

Sanctioned Russian oligarch Oleg Deripaska purchased a business jet worth $36 million by evading sanctions through Kazakhstan, the independent Russian media outlet Verstka reported on Jan. 5.
Posted on January 6, 2024

Azerbaijan positions one of top ten priority FDI locations in 2024

Notably, Kazakhstan, Azerbaijan’s neighbor in the Caspian region, clinched the sixth position in the FDI ranking for 2024, as compiled by FDI Intelligence. In addition to Azerbaijan, Kazakhstan, and …
Posted on January 6, 2024

Azerbaijan positions one of top ten priority FDI locations in 2024

Notably, Kazakhstan, Azerbaijan’s neighbor in the Caspian region, clinched the sixth position in the FDI ranking for 2024, as compiled by FDI Intelligence. In addition to Azerbaijan, Kazakhstan, and …
Posted on January 3, 2024

Fintech Kaspi.kz is set to be first Kazakh company to list in the U.S.

Fintech Kaspi.kz is poised to become the first company from the Republic of Kazakhstan to list in the U.S. after the company filed for an IPO in late December. The company is parent to the Kaspi.kz …

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Posted on January 2, 2024

Kazakhstan Sparks Innovation and Empowers Entrepreneurs for Economic Advancement

ASTANA – Kazakhstan has emerged as a regional entrepreneurial hub, credited to a dynamic startup ecosystem bolstered by government policies and an increasing number of talented and ambitious …
Posted on December 31, 2023

Uzbekistan Sees Nearly Threefold Surge In Money Transfers From Kazakhstan

As per data provided by the National Bank of Kazakhstan, Uzbekistan received 17.6 billion Kazakh tenge ($38.5 million) over the 1 month of 2023, which is 2.6 times more than in the same period last …
Posted on December 30, 2023

The Week in Kazakhstan: Put Out the Fire

The ministry of trade said on December 29 that it plans to abandon price regulations for some essential goods in 2024 and 2025. Next year the government plans to liberalize prices for products like …

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