Business news from Ukraine

Business news from Ukraine

Halyk Bank to acquire 49% stake in Uzbek fintech company Click

Halyk Bank, a national bank of Kazakhstan, has announced the acquisition of a 49% stake in Click, a leading Uzbek fintech company.

The agreement provides for mutual participation of the parties: Halyk Bank will invest USD 176.4 million to acquire a stake in Click, and Click’s shareholders, in turn, will acquire 49% of Tenge Bank, Halyk Bank’s subsidiary in Uzbekistan, for USD 60.76 million.

The cooperation is aimed at strengthening the positions of both companies in the dynamic digital finance market of Central Asia and developing innovative banking and payment services in the region.

Click is the largest fintech platform in Uzbekistan, serving more than 20 million users and is a recognized leader in digital payments and online financial solutions.

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Egypt, Spain, and Moldova Ukraine’s leading trading partners in terms of positive trade balance

Ukraine maintains a significant positive trade balance with a number of key partners, which partially offsets the deficit in relations with China and EU countries.

The largest surplus in the first half of 2025 was recorded in trade with Egypt — $605.0 million. Spain ranks second with a balance of $515.3 million, followed by the Republic of Moldova — $448.4 million. Positive dynamics are also observed in relations with the Netherlands ($357.6 million), Algeria ($276.6 million), and Lebanon ($243.8 million).

Ukraine also has a high trade surplus with Iraq ($189.0 million), Libya ($133.6 million), Saudi Arabia ($128.4 million), and Kazakhstan ($113.6 million).

“The positive trade balance indicates that Ukraine is capable of competing effectively in international markets, especially in the agricultural sector and metallurgy. At the same time, it should be borne in mind that these markets are vulnerable to changes in the global economic situation, price fluctuations, and political factors,” emphasized Maksim Urakin, founder of Experts Club and economist.

According to him, maintaining a positive balance in relations with the countries of the Middle East and North Africa is a key element of Ukraine’s foreign trade strategy.

“Egypt, Spain, and the countries of the Arab world are stable importers of Ukrainian agricultural products. This is a strategic direction that needs to be developed further, as it creates a safety cushion for the economy against the backdrop of significant import costs,” Urakyn emphasized.

Analysts note that consolidating positions in the African and Middle Eastern markets could become a long-term factor in strengthening Ukraine’s foreign economic balance.

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Kazakhstan launches national stablecoin

Kazakhstan has introduced its own cryptocurrency, the Evo stablecoin (KZTE), issued with the support of the international payment system Mastercard. The new digital asset is pegged to the national currency at a ratio of 1 to 1 with the tenge, which ensures its stability and transparency.

According to the developers, Evo will become a universal tool for cashless payments and online transactions both within the country and abroad. In the future, the coin may take the place of a full-fledged means of payment, integrated into the financial system of Kazakhstan and supported by leading banks and fintech companies.

Experts note that the launch of KZTE reflects Kazakhstan’s desire to strengthen its position in the field of digital finance and accelerate the introduction of blockchain technologies into the economy.

Source: https://www.fixygen.ua/news/20250924/kazahstan-zapustiv-natsionalniy-steyblkoin.html

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Ukrainians mostly have positive attitude towards Kazakhstan — Experts Club survey

Almost half of Ukrainians express a positive attitude toward Kazakhstan, while negative assessments remain relatively few. This is evidenced by the results of a survey conducted by Active Group in collaboration with the Experts Club analytical center.

According to the study, 42.7% of respondents have a positive attitude towards Kazakhstan (8.7% — completely positive, 34.0% — mostly positive). At the same time, 48.7% took a neutral position. Only 8.0% of respondents expressed a negative opinion (1.7% — completely negative, 6.3% — mostly negative). Only 0.7% said they were not familiar with the country.

“For Ukrainians, Kazakhstan is a partner in the post-Soviet space that is perceived as neutral or moderately positive. There is no significant negativity in the attitude of the population,” commented Alexander Pozniy, head of Active Group, on the results of the study.

Economic indicators confirm the mutual benefits of cooperation. As Maxim Urakin, co-founder of Experts Club, pointed out, in January–August 2025, trade turnover between Ukraine and Kazakhstan amounted to $202.0 million.
“Ukrainian exports to Kazakhstan reached $157.8 million, while imports amounted to $44.2 million. The positive balance for Ukraine is over $113.5 million, which indicates an extremely favorable balance in bilateral trade,” the expert emphasized.

Thus, Kazakhstan is perceived by Ukrainians as a country with a relatively positive image and an important trading partner of Ukraine.

The full video can be viewed at:

You can subscribe to the Experts Club YouTube channel here:

https://www.youtube.com/@ExpertsClub

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Kazakhstan issues first residence permit under Digital Nomad Residency program

Kazakhstan has issued its first 10-year residence permit under the Digital Nomad Residency program. The recipient is Pavel Filatov, a senior analyst and BI (business intelligence) specialist with international experience. The Astana Times

The program has been in effect since January by decree of President Kassym-Jomart Tokayev and is aimed at attracting leading specialists in digital technologies and artificial intelligence.

Applications are submitted online through the Astana Hub international innovation cluster. The cluster’s specialists accompany candidates through all stages, from submitting documents to obtaining a residence permit in accordance with Kazakhstani law. To date, more than 270 applications have been received from about 20 countries (the US, Canada, France, Turkey, CIS countries, etc.). Most applicants are professionals in programming, cybersecurity, UI/UX design, and DevOps.

Kazakhstan also offers two types of visas for remote workers:

  1. Neo Nomad Visa — aimed at freelancers and creative people who choose a “digital nomad” lifestyle.
  2. Digital Nomad Visa — for highly qualified specialists in the fields of technology, artificial intelligence, big data, automation, and cybersecurity.

 

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Kazakhstan plans to ban export of non-ferrous metals

Kazakhstan plans to ban the export of non-ferrous metals by all modes of transport until December 31, 2025, according to the press service of the Ministry of Trade and Integration of the Republic.

The press service specified that the initiative was considered on Friday at a meeting of the interdepartmental commission on foreign trade policy and participation in international economic organizations.

“The interdepartmental commission supported the introduction of a ban on the export of non-ferrous metal blanks and ingots from Kazakhstan by all modes of transport until December 31, 2025. The ban applies to unprocessed copper, aluminum slabs and billets, and lead ingots,” the statement said.

As explained by the press service, this measure is aimed at “providing the domestic market with strategic raw materials, preventing the export of low value-added products, and stimulating the processing of non-ferrous metals within the country.”

In addition, the meeting decided to reduce the export customs duty on gallium, which previously stood at 10%, to zero. “The measure is aimed at stimulating gallium production in Kazakhstan and developing export potential,” the press service said.

The Ministry of Trade and Industry clarified that gallium has not been produced in the country in recent years, but Kazakhstan has the necessary resource potential to enter this market and can occupy a niche in the global supply chain.

“This, in turn, will create opportunities for growth in export activity, increase foreign exchange earnings, and expand the presence of Kazakhstani producers in foreign markets,” the ministry said.

Currently, Kazakhstan has a ban on the export of ferrous and non-ferrous metal scrap and waste from the republic. It was first introduced on May 6, 2022, and has been extended several times, most recently in April this year.

Earlier, the Experts Club information and analytical center created a video analysis of the potential for mineral extraction in Ukraine. You can learn more about the prospects for rare earth element extraction in Ukraine and the country’s mineral resources in the video: https://www.youtube.com/watch?v=UHeBfpywpQc&t

 

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