Draft law “On rehabilitation and bankruptcy” to improve Kazakhstan’s position in Doing Business Ratings

The draft law “On Rehabilitation and Bankruptcy” and relevant amendments were approved at the plenary session of Majilis chaired by Nurlan Nigmatulin.

“According to the report prepared by the World Bank, the main drawbacks of the bankruptcy system in Kazakhstan are vagueness of certain provisions of the law or lack of important provisions, insufficient protection of creditors’ rights, institutional weaknesses, as well as requirements that lead to the time consuming procedures” – said in the conclusion of the profile committee of Majilis.

The approved draft law will allow to improve the current system of bankruptcy to the world standards, and reduce the administrative burden on businesses, improve business climate in the country and increase the investment attractiveness of the economy.

“Also the draft law will increase transparency of bankruptcy, will make it predictable, will significantly reduce the corruption potential in this area, will increase protection of the vulnerable populations, which ultimately will create prerequisites for establishing the most effective bankruptcy system”, – stated in the conclusion of the Committee on Finance and Budget.

The draft law provides for extension of terms allowing tax creditor to file a claim in a court to declare the debtor bankrupt. Besides, basis for invalidation of transaction made on the eve of the bankruptcy are enlarged and concretized.

In addition, implementation of the draft law measures will improve the Kazakhstan’s position in Doing Business Rating of World Bank in Getting Credit and Resolution of insolvency categories.

Originally posted to Strategy2050.kz and bnews.kz on 11.12.2013:



Geological Centre to be opened in Astana

Kazakhstan will be opening its first geology center in Astana. Along with the Kazakhstan 2050 Strategy and Nazarbatev University, it will help geologists study the geological history of Central Asia and help students enter the field. Construction will begin next year. Originally posted to Strategy2050.kz on 09.12.2013:


Kazakh Ministry of Industry and New Technologies plans to create Geological Centre together with Nazarbayev University in Astana, Deputy Minister of Kazakhstan Industry and New technologies Nurlan Sauranbayev said during a dialogue platform Geology-360, BNews.kz reports.

It is planned to establish the fundamental scientific base where geologists will be able to fully develop deposits of Kazakhstan.

The Geological Centre will be created together with Nazarbayev University. Its main purpose is to create competence in the field of geology in Kazakhstan.

According to the Director of the Center of Earth Sciences of Nazarbayev University Askar Munar, at the moment, a master plan for the Geological Center is being developed together with a Japanese company

The approximate cost of the project is more than 40 million dollars. The construction is scheduled for late 2014.

Nazarbayev’s national address will center on Kazakhstan 2050 Strategy

Nazarbayev’s next presidential address will center on the Kazakhstan 2050 Strategy.

At a meeting with at a meeting with young Bolashak scholarship winners who will soon study in Europe and North America, Nazarbayev said, “Early next year, when I will be delivering my next speech to the nation, I will focus on what we need do and what resources need to engage in order to meet the goals of Kazakhstan- 2050 program.”

Bolashak fuels development of cardiac surgery in Kazakhstan

During the 20th anniversary celebration of the Bolashak scholarship, President Nazarbayev of Kazakhstan adressed the progess the scholarship has made. One example he used was how it has developed cardiac surgery in Kazakhstan. Originally posted to en.tengrinews.kz on 03.12.2013:


Nursultan Nazarbayev has stressed the importance of Bolashak Presidential Scholarship and the effect it had on the development of cardiac surgery in Kazakhstan at the anniversary forum of the Scholarship late last week, Tengrinews reports.

The President recalled the unfortunate statistics of the year 2008 when 10 thousand people were waiting for cardiac surgeries and the surgeons “were capable of performing only 800-900” surgeries a year. “The remaining patients who were able to pay had to go abroad, while others who couldn’t afford the treatment remained untreated. Mortality from cardiovascular diseases became the number one scourge,” said Nazarbayev. 

He added that the grim statistics was changed thanks to young highly qualified professionals, newly built medical facilities and use of the up-to-the-minute equipment. As of today, 40 thousand surgeries have been successfully conducted. “All (40 thousand patients) were saved, all of these surgeries were made here in Kazakhstan and all of them were free of charge” for the patients, said the President. 

Nursultan Nazarbayev addressed one of the first Bolashak Scholarship alumni Dmitri Gorbunov, a prominent cardiac surgeon who graduated from the University of Freiburg in 2000: “You have become one of the best surgeons in the country. The 1700 surgeries you have made speak for themselves. Saving the lives of newborns is a noble deed.”

Gorbunov expressed gratitude to the President for the opportunity to study abroad. “We operate on our patients to give them a chance to recover, the same as you have given us a chance to receive an excellent education and to realize our dreams 20 years ago. Today 13Bolashak alumni are working in the National Cardiac Surgery Center and 5 of them are cardiac surgeons,” concluded Dmitri Gorbunov. 


Civil society makes significant contribution to implementation of Kazakhstan-2050 Strategy

At the 6th Civil Forum of Kazakhstan, the Kazakhstan government stressed the importance sociey has made in succeeeding in the goals of the Kazakhstan 2050 Strategy. Originally posted to Kazinform on 14.11.2013: 


In Astana in the Palace of Independence there was an opening of VI Civil Forum of Kazakhstan.

The main theme of the forum is “Civil society and the challenges of modernity in the context of the Strategy of President Nursultan Nazarbayev “Kazakhstan -2050”.

The event is being attended by the heads of major non-governmental organizations from all regions of the country, representatives of the Presidential Administration, Government, central government agencies, and international organizations.

At the plenary session the deputy head of the Presidential Administration Baghlan Mailybнev made a welcome speech to the participants of the Forum.

Mr.Mailybayev stressed that “civil society has made a significant contribution to implementation of the Strategy called “Kazakhstan -2050″, having been launched by President Nursultan Nazarbayev. Achieving the main mission of the strategy – to become one of 30 developed countries in the world – requires equal responsibility and constructive cooperation botj of the state and society”. 



Geological Research Center to be established at Nazarbayev University

Nazarbayev University is creating a geological research center in Astana. The idea will help with increasng education in the field. Originally posted to Strategy2050.kz on 07.11.2013:


“Geological Research Center, including a full range of laboratories will be established in Astana,” Deputy Prime Minister – Minister of Industry and New Technologies of Kazakhstan Asset Issekeshev informed.

Head of State charged to activate geology system and new approaches in mineral and commodities –based industries’ management. We, in association with geologic society studied geology development perspectives. Indeed we have really great potential,” Issekeshev told.

In this regard, Ministry of Industry and New technologies has worked out Geology Development Concept till 2030.

“First of all, Head of State instructed to submit to Parliament a new legal framework that will simplify the approach for exploration permits till the end of the year. Second, to create scientific laboratory base. Herewith, together with Nazarbayev University we establish Geology Research Center,” the Minister Issekeshev informed.

In addition, A.Isekeshev reported on the application of international standards work.

“We have studied the experience of Australia, and Canada. We plan to sign four agreements with large international companies owning technologies to the end of the year. They are Rio Tinto Group – a British-Australian multinational metals and mining, the Korean and Japanese geological agencies. We have agreed about a transfer of technologies “, the head of the Ministry added

A.Isekeshev also noted the “National Geological Exploration Company Kazgeologiya” JSC stepped up its work in the area of small towns. More than 350 clefts were drilled in three single-industry towns.

As reported earlier, speaking at the enlarged meeting of the Government of the Head of State noted that slow pace of new fields’ exploration. Besides,  Nursultan Nazarbayev also stressed a sufficient increase of extension additions. 

Kazakhstan will join 30 developed world economies

President of the Asian Development Bank Takehiko Nakao has expressed confidence that Kazakhstan will join the 30 developed economies in the world. Originally posted to Inform on BNews 24.10.2013:


“Prime Minister of Kazakhstan and I have discussed 2050 vision, according to which Kazakhstan is aimed to enter the 30 developed economies in the world. I believe that Kazakhstan can achieve this by promoting the diversification of the economy, using the proceeds from the resources of a prudent manner, ensuring good governance , strengthening the institutions in order to promote the efficiency of the private sector,” the Asian Development Bank President Takehiko Nakao said at a briefing.

He noted that the ADB will continue to provide support to Kazakhstan by providing funding for infrastructure, small and medium enterprises.”

Kazakhstan and Hungary cooperation

Kazakh Majilis Speaker Nurlan Nigmatulin  and the National Assembly of Hungry László Kövér had a meeting in Astana on October 23. During the meeting they discussed issues regarding the Kazakh-Hungarian cooperation. Originally posted to Inform on 23.10.2013:


Majilis Speaker Nurlan Nigmatulin met with Speaker of the National Assembly of Hungary László Kövér in Astana on Wednesday, the press service of the lower chamber of the Kazakh Parliament reports. 

During the meeting the sides discussed a wide array of issues regarding the Kazakh-Hungarian cooperation. Mr. Nigmatulin noted that Hungary is an important political and economic partner of Kazakhstan in Central and Eastern Europe. The sales turnover between the two countries exceed $258 million in 2012. Currently, there are 49 Kazakhstani-Hungarian joint ventures in Kazakhstan.

As for the foreign policy, the interlocutors agreed Kazakhstan and Hungary share common stance on the strengthening of the regional security and stability. 

The Kazakh MP stressed that thanks to ambitious initiatives of President Nursultan Nazarbayev, Kazakhstan has earned a remarkable standing as the international dialogue platform where the most pressing issues of the international agenda are discussed.

Kövér, in his turn, lauded the high level of the Kazakh-Hungarian relations and Kazakhstan’s success achieved under the leadership of Nursultan Nazarbayev.

Utmost attention was paid to the inter-parliamentary cooperation. The sides expressed confidence that Kazakhstani and Hungarian MPs enjoy constructive and ever-expanding dialogue. 

The Majilis Speaker emphasized the importance of further development of bilateral and inter-parliamentary ties, especially in the context of implementation of the “Kazakhstan-2050” Development Strategy, the main course of political development and socioeconomic modernization of the country. 

It was also noted that Kazakhstan and Hungary have great potential for further successful interaction, especially at the inter-parliamentary level.

Entrepreneurship development

In the Zhambyl region of Kazakhstan, an entrepreneur is breeding fish in his pond. The hope of these fish is to be sold to markets by next year. Originally posted to Kazakh TV on 15.10.2013:


The head of the ‘Altyn Balyk’ farm Abdrakhym Kuanyshbayev raises fish in an artificial pond in Zhambyl region. The head of the farm constructed an artificial pond near the vineyard.

– We started with the fact that we increased the small irrigation ditch. Then we put young fish in our pond and started to raise fish. We run a business in fish farm sector for over 4-5 years. 

As this is a profitable business it was decided to increase the pond. There is enough water, as it comes from underground. Abdrakhym went to China to learn how to do it.

–  I have seen how they do it in China. They get tonnes of fish from one small pond. They have learned how to breed them. We will start next year hoping to get 40-50 tonnes of fish.

The farmer is planning to deliver dozens of tonnes of fish to the market as early as next year. Moreover he is preparing documents now for obtaining state subsidy for starting a new business.  

Zhambyl region implements 4 alternative energy projects worth USD 370 million

The Governor of Zhambyl region in Kazakhstan has announced the industrialization of four alternative energy projects. These projects are worth $370 million US dollars and focus on wind, hydro, and solar energy. Originally posted to Kazinform.kz on 10.10.2013:


Zhambyl region is planning to carry out four projects in the field of alternative energy worth 370 million U.S. dollars, Governor of Zhambyl region Kanat Bozumbayev told a briefing in the Central Communications Service, Kazinform refers to primeminister.kz.

“Together with the private sector we are planning to implement four projects in the field of hydro, wind and solar energy with total capacity of 165 MW, and attract investment of approximately 370 million U.S. dollars,” Bozumbayev said.

It is planned to implement a project to build solar power plant with capacity of 50 MW in cooperation with the French and German investors. Now these projects are at different levels of performance. A business plan and a feasibility study has already been prepared.

“It is also planned to build a wind power station with capacity of 100 MW in Zhanatas town… The project will start after the final approval of tariffs for electricity generated by renewable energy sources,” the governor added.

Korday district has been successfully implementing the first investment project on solar energy in the history of Kazakhstan. Its capacity will be increased twofold next year.