The World Bank confirms Kazakhstan's GDP growth forecast at 4.7% for 2025 and 3.5% for 2026, with oil production driving recovery.
The World Bank has maintained its GDP growth forecast for Kazakhstan at 4.7% for 2025 and 3.5% for 2026, consistent with its projections from October.
The bank's latest Global Economic Prospects report, released on Thursday, reveals that Kazakhstan's economy grew by 4% in 2024, a decrease from 5.1% in 2023.
Additionally, the World Bank anticipates that the economies of Central Asia will grow by 5% in 2025 and 4.2% in 2026, with increased oil production expected to support Kazakhstan’s economic recovery and fuel growth.
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The proposal emerged during the first state visit by a Kenyan president to Kazakhstan, highlighting efforts by both countries to strengthen economic ties and expand access to new markets.
Kazakh President Kassym-Jomart Tokayev has called for closer security coordination between Central Asia and China, warning that expanding trade and infrastructure links are exposing the region to increasingly sophisticated cross-border threats.
Kazakhstan, Uzbekistan and Tajikistan are negotiating summer water allocations as rising temperatures, agricultural demand and pressure on shared rivers intensify water security concerns across Central Asia.
Leaders of the Organisation of Turkic States (OTS) gathered in the Kazakh city of Turkistan for an informal summit focused on strengthening cooperation in trade, transport, energy and regional connectivity as the bloc seeks to expand its geopolitical and economic influence across Eurasia.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
Belarusian President Alexander Lukashenko has said Belarus will not be dragged into the war in Ukraine, while also stressing that Minsk and Moscow would jointly respond to any aggression against them.
The penultimate day of the World Urban Forum 13 in Baku will see Azerbaijan's Pavilion highlight post-construction efforts in Garabagh and East Zangezur, as well as host events on the future of Baku and architectural education.
NATO fighter jets were activated on Thursday (21 May) after at least one drone entered Latvian airspace, according to Latvia’s armed forces, marking the latest in a series of security incidents across the Baltic region linked to the war in Ukraine.
A French appeals court has found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio–Paris crash, marking a major development in a case that has stretched on for 17 years.
A Turkish court has effectively removed the main opposition leader, Özgür Özel, in a ruling that has deepened political tensions and rattled financial markets.
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Azerbaijan is stepping up efforts to strengthen its position as a regional hub for investment and connectivity ahead of the second Azerbaijan International Investment Forum in Baku this September.
Iran and Pakistan discussed developments in stalled Iran-U.S. negotiations during a visit to Tehran by Pakistani Interior Minister Mohsen Raza Naqvi, amid Islamabad’s ongoing mediation efforts.
President of Azerbaijan Ilham Aliyev held a telephone conversation with French President Emmanuel Macron on Thursday (21 May), with both leaders discussing bilateral ties, regional developments and ongoing peace efforts in the South Caucasus.
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