Kazakhstan is advancing efforts to cut imports of finished goods by bolstering domestic production. The initiative was a focal point during a Senate plenary session attended by Prime Minister Olzhas Bektenov and government officials.
Kazakhstan is advancing efforts to cut imports of finished goods by bolstering domestic production. The initiative was a focal point during a Senate plenary session attended by Prime Minister Olzhas Bektenov and government officials.
Discussions also included draft laws on the national budget and guaranteed transfers from Kazakhstan’s National Fund for 2025-2027. Prime Minister Bektenov highlighted the importance of economic diversification, noting a significant shift in the country’s industrial landscape.
“The manufacturing industry has surpassed the raw materials sector, accounting for 47 percent of total industrial output compared to 45 percent for raw materials,” Bektenov stated.
He outlined the government's efforts to support local producers, including expanding the list of goods sourced exclusively from domestic suppliers from 1,500 to 4,500 items. These measures led to a 55 percent rise in contracts with domestic producers, reaching 350 billion tenge (approximately $704 million).
Bektenov also highlighted the success of off-take agreements, which secure product supply commitments from local manufacturers. “The total value of off-take contracts this year reached 134 billion tenge (approximately $270 million), a 14-fold increase from last year,” he noted.
Additionally, the implementation of large-scale industrial projects nationwide has driven a 6.4 percent increase in exports of finished products and a 7.2 percent reduction in imports.
The government’s initiatives underline its commitment to strengthening Kazakhstan’s self-sufficiency and economic resilience through strategic industrial growth.
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An Azerbaijani delegation attended the opening ceremony of the 30th Shanghai Television Festival, one of Asia’s most prestigious media events, held in China’s Shanghai city on June 23.
Ukrainian President Volodymyr Zelenskyy met King Charles at Windsor Castle on Monday during a short visit to the UK aimed at strengthening defense ties and increasing pressure on Russia.
The head of the International Atomic Energy Agency (IAEA) has warned that the ongoing conflict involving the U.S., Iran, and Israel could dismantle the global nuclear non-proliferation regime, calling for an urgent return to diplomacy and inspections.
Following U.S. military strikes on Iran, at least two supertankers reversed course near the Strait of Hormuz, reflecting heightened fears of disruption in one of the world’s most vital oil shipping lanes.
Russian President Vladimir Putin criticized the recent U.S. airstrikes on Iran's nuclear facilities as unjustified and warned they are driving the world toward heightened instability. He met with Iran’s foreign minister in Moscow, offering support while calling for efforts to ease tensions.
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