Kazakhstan and The European Bank for Reconstruction and Development (EBRD) will continue to work together to support transport infrastructure, green energy, small and medium-sized businesses, agriculture, and information technology in the country.
Kazakhstan’s Prime Minister Olzhas Bektenov and EBRD President Odile Renaud-Basso discussed cooperation in these sectors on Monday (23 June) ahead of the 37th plenary session of the Foreign Investors Council.
Odile Renaud-Basso highlighted the record increase in the EBRD investments in Kazakhstan last year, emphasizing the EBRD's strong interest in further deepening cooperation and jointly implementing projects focused on building a sustainable economy. She affirmed that the EBRD will continue to support the execution of initiatives under the National Infrastructure Plan through 2029.
“We highly value the strategic nature of our cooperation with the European Bank for Reconstruction and Development. Just last year, we signed 25 new projects with the Bank, totaling a record $935 million across key priority sectors. The Government of Kazakhstan is ready to further deepen its partnership with the Bank across a wide range of mutually beneficial areas,” Olzhas Bektenov stated at the meeting with EBRD President held ahead of the 37th plenary session of the Foreign Investors Council in Astana, Kazakhstan.
In 2024, the Bank expressed support to 25 projects, including the EBRD’s largest municipal project in Central Asia - construction of new wastewater treatment plant and related infrastructure in Aktobe, as well as the country’s first major public-private partnership (PPP) project for building a 630-bed multidisciplinary hospital in Kokshetau. The focus was also placed on supporting small and medium-sized businesses through consulting services and providing credit lines via domestic financial institutions.
The current portfolio includes 129 active projects valued at more than $3.2 billion, with 75% concentrated in the sustainable infrastructure sector. Since the beginning of their partnership, a total of 340 projects worth $11.6 billion have been implemented.
During the meeting, the sides highlighted the joint development of Kazakhstan’s Just Energy Transition Partnership (JETP) platform that would serve as a vital tool for attracting green investments to the country’s energy sector.
A project to build a substation in Astana which was considered with the purpose to enhance power supply reliability and meet the capital’s increasing electricity demand.
Kazakhstan is in discussions with Russia to relocate the production of the Soyuz-5 (Irtysh) launch vehicle from Russia to the Baikonur Cosmodrome, according to Prime Minister Olzhas Bektenov.
Kazakhstan’s Energy Ministry, national oil and gas company KazMunayGas (KMG), and CNOOC Hong Kong Holding Limited—a subsidiary of China National Offshore Oil Corporation (CNOOC Limited)—have signed a contract for hydrocarbon exploration and production under the Zhylyoi project.
Kazakhstan’s Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) held talks on advancing cooperation in decarbonization, renewable energy and modernization of the country’s power infrastructure.
Kazakhstan will establish regional water risk management headquarters to address growing water challenges during the vegetation season, the government announced following a meeting chaired by Prime Minister Olzhas Bektenov.
Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), will visit Kazakhstan on 23–24 June 2025 for meetings with senior government officials and business leaders.
Iran’s president says his country ready to pursue dialogue ‘to reclaim Iranian nation’s rightful demands’
Britain’s competition regulator may force Google to rank businesses more fairly in search results and provide consumers with alternative services, using new powers to regulate tech giants.
U.S. President Donald Trump on Tuesday said he will probably meet Ukrainian President Volodymyr Zelenskyy during this week’s NATO summit, offering Kyiv an opportunity to push for U.S. Patriot missiles and stronger sanctions on Russia.
Kazakhstan is in discussions with Russia to relocate the production of the Soyuz-5 (Irtysh) launch vehicle from Russia to the Baikonur Cosmodrome, according to Prime Minister Olzhas Bektenov.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China’s annual “Two Sessions” meetings, held from March 4 to 11, offered fresh insight into the country's climate and energy outlook for 2025.
The 11th MINEX Central Asia Forum took place in Tashkent under the theme “Forging Central Asia's Role in Global Critical Minerals Security”, gathering stakeholders from across the region to explore collaboration and investment opportunities in the mining and critical minerals sector.
Tajikistan and Qatar are exploring ways to strengthen their bilateral relationship, focusing on expanding cooperation in economics, trade, and investment.
Uzbekistan and Russia have signed a new agreement to explore the construction of a large-capacity nuclear power plant, while also revising plans for a previously announced small modular nuclear power plant (SMR).
China has nearly doubled its naphtha import quotas for 2025, issuing a second batch of allocations to chemical companies as demand surges and cheaper alternatives like propane and ethane face supply disruptions, according to six trade sources.
Iran’s president says his country ready to pursue dialogue ‘to reclaim Iranian nation’s rightful demands’
Britain’s competition regulator may force Google to rank businesses more fairly in search results and provide consumers with alternative services, using new powers to regulate tech giants.
U.S. President Donald Trump on Tuesday said he will probably meet Ukrainian President Volodymyr Zelenskyy during this week’s NATO summit, offering Kyiv an opportunity to push for U.S. Patriot missiles and stronger sanctions on Russia.
Kazakhstan is in discussions with Russia to relocate the production of the Soyuz-5 (Irtysh) launch vehicle from Russia to the Baikonur Cosmodrome, according to Prime Minister Olzhas Bektenov.
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