Kazakhstan's economy expanded by 5% in 2024, outpacing the earlier forecast of 4.8%, according to the Ministry of National Economy.
Growth was primarily fuelled by the non-oil sector, which benefited from government-led support initiatives and infrastructure investments. Revised data from the Bureau of National Statistics show that manufacturing output jumped 6.8%, marking the sector’s best performance since 2011.
Construction surged 15.3% and agriculture rose 13.7%, while the services sector grew by 4.6%, bolstered by a 9.4% increase in transportation and warehousing activities.
The Ministry attributed the better-than-expected economic outcome to policies aimed at diversifying the economy. These included enhanced access to finance, improved logistics, and measures to stimulate investment across key sectors.
“The growth was made possible through support measures for the real sector, the development of transport and logistics infrastructure, stimulation of investment activity, and improved access to financial instruments,” the ministry said in its press release.
Officials also credited stronger domestic demand and business activity for reinforcing the country's productive capacity.
Pope Leo will embark on his first trip outside Italy as the leader of the Catholic Church on Thursday, travelling to Türkiye and Lebanon, where he is...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25th of November, covering the latest developments you need to...
U.S. Army Secretary Dan Driscoll held talks with Russian officials and Ukrainian representatives in Abu Dhabi on Monday, as the Trump administration a...
Türkiye and South Korea have pushed their strategic ties to a new level. President Recep Tayyip Erdoğan and Lee Jae Myung oversaw the signing of si...
Far-right activist and Senator Pauline Hanson was suspended from Australia’s Senate for seven sitting days on Tuesday after she wore a burqa into Pa...
Armenian Prime Minister Nikol Pashinyan made his first official visit to Astana, marking a significant event in bilateral relations.
At the Kazakhstan - Estonia business forum, companies from both countries signed 11 commercial agreements totalling more than $517 million.
Estonian President Alar Karis arrived in Kazakhstan on 17 November for a state visit aimed at strengthening bilateral cooperation in trade, technology, and transport, signalling a new phase in Kazakhstan’s engagement with the European Union.
Armenian Prime Minister Nikol Pashinyan will travel to Astana for an official visit from the 20th –21st November, according to the press service of Akorda.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Global media outlets have extensively covered the C5+1 Summit held in Washington, highlighting its significant outcomes for both the United States and Central Asian countries.
Azerbaijan has been elected to the UNESCO World Heritage Committee for the 2025 to 2029 term, securing one of the most competitive seats allocated to the Eastern European regional group.
The Solidarity Forum of non-governmental organizations (NGOs) from member states of the Organization of Turkic States kicks off in Baku (24 November). At Azerbaijan’s initiative as the new rotating chair of the organisation, member-country NGOs are coming together for the first time.
The first Azerbaijan–Türkiye Think Tank Forum concluded on Monday in Shusha, bringing together leading analysts, experts and academics from both countries for a day of discussions on regional politics, strategic coordination and shared foreign policy priorities.
Russia says several “unfriendly” countries approached its delegation at the G20 summit in Johannesburg with concrete proposals for economic cooperation, according to senior Kremlin official Maksim Oreshkin.
Israel killed Hezbollah’s top military official in a strike on a southern Beirut suburb, the Israeli military said, shattering a fragile truce that has struggled to hold for a year.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment