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President signs law on public councils

President Nursultan Nazarbayev of Kazakhstan has signed the law “On public councils,” which aims at defining the legal status, procedure for formation and organisation of public councils that are to help express the views of civil society on matters of public concern.

The recommendations of public councils are required to be considered by state bodies that make decisions prescribed by Kazakhstan’s legislation and to be given reasoned replies. Public councils at the national and local levels must be formed by working groups, headed at the national level by the head of the relevant state body. (     

Islamic financial company to be established in Kazakhstan

A special Islamic financial company is to be established in Kazakhstan to issue sukuk – Islamic bonds. Kazakhstan’s National Bank has developed amendments to the country’s legislation with provisions to improve the terms for issuing state Islamic bonds.

The amendments are needed to create legal conditions for establishing a benchmark price and reducing the cost of manufacturing the bonds in Kazakhstan. The bill on amendments and additions to some legislative acts of Kazakhstan on non-performing loans and assets of second-tier banks, financial services and the activities of financial institutions and the National Bank was approved by the Mazhilis (lower house of Parliament) and sent to the Senate.

The Ministry of Finance of Kazakhstan reports that preparatory work for creating the necessary conditions and legislative framework for the issue of sovereign sukuk is being carried out. (

Single currency not on EAEU agenda

The introduction of a single currency in the Eurasian Economic Union (EAEU) is off the current agenda, Press Secretary of the President of Kazakhstan Dauren Abayev said during an online briefing Nov. 10.

“The issue is off the current agenda. It is not being discussed at any level of the trade bloc,” Abayev stressed. (

Investment in housing construction reaches record high

Investment in housing construction across Kazakhstan reached a historical high of 528 billion tenge (US$1.72 billion) in January-September, 17.4 percent more than in the same period last year. The rate growth was observed in 13 regions of Kazakhstan. The Almaty region remains the leader in housing construction investments, attracted 109.3 billion tenge (US$356.76 million) in the first nine months of the year, surpassing last year’s figure by 15 percent. The area is also consistently ranked in the top three regions in terms of commissioning after Astana and Almaty cities. Since the beginning of the year, 993,200 square metres of housing have been commissioned in Almaty region. (

First deputy defence minister meets South Korean chief of naval operations

On Nov. 10, First Deputy Minister of Defence and Chief of the General Staff of the Armed Forces of Kazakhstan Colonel-General Saken Zhasuzakov met Admiral Jung Ho-sub, the Chief of Naval Operations of South Korea in Astana. The sides discussed the ways to strengthen cooperation between the naval forces of South Korea and Kazakhstan. Utmost attention was paid to training personnel from Kazakhstan at South Korean military academies, training special forces units at the training centres of South Korean naval forces as well as the further development of military cooperation between the countries’ naval forces. (

Innovation forum held in Almaty

The international innovation forum “Kazakhstan - a new global innovation hub” took place in Almaty Nov. 11–12. The forum began with a start-ups contest in which about 100 of Kazakhstan’s inventors presented their developments in energy, IT technologies, smart industry and new materials. The forum brought together thousands of guests, 40 international experts and representatives of 100 foreign specialised venture capital funds and investors and revealed to the world hundreds of start-ups from the region and far abroad. The team that won the competition received a prize of $25,000, and other start-ups got support from investors. (

Plaque for WWII hero from Kazakhstan established

A memorial plaque in honour of famous pilot Air Force Major General Talgat Bigeldinov of Kazakhstan, who was twice Hero of the Soviet Union, was installed on the house where he lived in Almaty Nov. 10. Bigeldinov died last year. The legendary pilot went to war in 1942. His fighter IL-2 was called a flying tank. He has made more than 300 combat flights in it. In May 1945, he was in the ranks of those who marched across Red Square in the Victory Parade in Moscow. Even in peacetime, Bigeldinov built airfields, air terminals and runways. Many books have been written about the life of the hero. (

Kazakhstan’s Olympic Committee head meets head of International Olympic Committee

President of the National Olympic Committee of Kazakhstan Timur Kulibayev met head of the International Olympic Committee (IOC) Thomas Bach during his official visit to the General Assembly of ANOC (Association of National Olympic Committees) Nov. 9.

The sides discussed the development of sport in Central Asia and in particular in Kazakhstan. Kulibayev draw attention to Kazakhstan’s increasing cooperation in international sport issues and its growing presence in international sports organisations, and informed about the preparation of the country’s national team for the Summer Olympic Games in Rio de Janeiro. The sides agreed that it is necessary to continue to strengthen and develop a bilateral comprehensive partnership based on equality, respect and trust.

“We continue to strengthen cooperation with the IOC and the ANOC, the Olympic Council of Asia, the world’s leading NOCs and international sports federations. Now a steady progress is impossible without modern approaches. Therefore all our aspirations should be based on innovation and best practices,” Kulibayev said. (

Curling championship held in Almaty

For the first time, Kazakhstan organised a large-scale curling championship in Baluan Sholak Sports Palace in Almaty Nov. 8–14. The Pacific-Asia Curling Championships is a qualifying selection tournament to participate in World Curling Championship in 2016 in Switzerland.

Thirteen teams from eight countries (Kazakhstan, Japan, South Korea, China, Taiwan, Hong Kong, New Zealand and Australia) take part in the championship, with eight men’s teams and five women’s teams. The competition is held according to the rules of the World Curling Federation. “I am very pleased to be here at this championship. As you know, preparing ice for curling takes a long time and is a very time-consuming process. I want to say that the level of preparedness of the ice in Almaty complies with the Olympic Games. We have created good conditions for curling championships in Almaty,” said chief technician for the preparation of ice floes Mark Callan during a press conference. (






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