Business news from Ukraine

Business news from Ukraine

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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Uzbekistan, Azerbaijan, and Kazakhstan creating green energy corridor

On July 4, the President of the Republic of Uzbekistan took part in the 17th summit of the Economic Cooperation Organization (ECO), which was held in Khankendi under the chairmanship of the President of Azerbaijan.

The summit was attended by heads of state and government of SCO member states, including Iran, Kyrgyzstan, Tajikistan, Turkey, Pakistan, Kazakhstan, Turkmenistan, as well as representatives of Afghanistan, international organizations, and business circles of the region.

The participants discussed prospects for deepening multilateral cooperation and exchanged views on key issues on the international and regional agenda.

At the beginning of his speech, President Shavkat Mirziyoyev outlined the current challenges to security and sustainable development, reaffirmed his commitment to the peaceful settlement of conflicts, and stressed the importance of a just settlement of the Palestinian-Israeli issue. Among the new initiatives put forward are:

• Adoption of the concept of “Strategic Goals of Economic Partnership – 2035,” which focuses on digitalization, innovation, and artificial intelligence.

• Holding a meeting of trade ministers on ECO issues in Tashkent to discuss strategic issues and prepare an agreement on trade facilitation.

• Creation of a system of “green corridors” for the rapid exchange of information and unhindered trade in agricultural products.

• Development of a long-term Ecoinvest program to stimulate private and international investment in sustainable projects in the region.

• Forming alternative transport corridors, in particular, developing the China-Kyrgyzstan-Uzbekistan railway with further connection to the Trans-Afghan Corridor.

• Accelerating the creation of a Digital Transport and Customs Office to coordinate the digitalization of logistics.

• Holding an ECO national airline forum in Samarkand to stimulate air transport, tourism, and marketing cooperation in the aviation sector.

• Developing a roadmap for expanding tourism services aimed at doubling tourist flows within the ECO.

• Creation of a cross-border “green program” for the restoration of ecosystems in desert areas with an emphasis on afforestation and the development of recreation.

• Preparation of proposals for reforming the EAEU to enhance its effectiveness and authority in the international arena.

In conclusion, the President of Uzbekistan expressed his confidence that the summit would give new impetus to economic cooperation and open a stage of meaningful transformation of regional partnership.

Full text of the speech by the President of Uzbekistan

 

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Join UP! launches franchising in Baltic States and Kazakhstan

Ukrainian tour operator Join UP! plans to launch franchising in the Baltic States and Kazakhstan in 2024, according to Marina Dayneko, head of the Join UP! sales office, in an interview with the Interfax-Ukraine news agency.

“Currently, more than 100 agencies are operating under this model in Ukraine, and four in Moldova, two of which opened this year. We are continuing to develop franchising in Poland and are currently signing agreements with both Polish and Ukrainian partners. This year, we are launching franchising in Kazakhstan and the Baltic states,” she said.

As reported, the travel company Join UP! LLC was established in 2013 with a registered capital of UAH 72.671 million. The ultimate beneficiaries are Yuriy and Oleksandr Alby. According to the OpenDataBot service, at the end of 2024, the tour operator’s revenue decreased to UAH 376,000 from UAH 16,639,000 in 2023, and its net loss decreased to UAH 217,451,000 from UAH 233,341,000, respectively.

The brand’s international expansion covers eight markets: the Baltic states, Kazakhstan, Moldova, Poland, Romania, and the Czech Republic. Preparations are underway to launch operations in Slovakia and Hungary. Last year, the brand also opened its first franchise agency on the international market in Katowice, Poland.

 

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