
'Stillborn Project': Analyst Criticizes Kazakhstan's Unified QR Code
Analyst Andrey Chebotarev criticizes Kazakhstan's unified QR code project as 'stillborn' due to high fees, arguing it offers no incentives for businesses.

Analyst Andrey Chebotarev criticizes Kazakhstan's unified QR code project as 'stillborn' due to high fees, arguing it offers no incentives for businesses.

Brent crude oil price rose to $93.84 per barrel, WTI to $87.03, hitting six-week highs amid Middle East supply disruption fears. Market eyes further gains.

Construction of Aidarly plant in Abai begins. It will process 75M t ore/yr, produce 226k t Cu, 3.55k t Mo, create 3,000 jobs, yield >1.43T tenge in taxes.

Private pension managers beat inflation in H1 2026; National Bank real return -0.89%. From Sept, Kazakhs can transfer 100% of savings to private managers.

Tama Gold, a gold exploration company in Kazakhstan, posted a 503 million tenge loss in 2025, widening from 16.7 million. It had no revenue in 2024-2025.

Kazakhstan's National Bank warns of counterfeit tenge: 57 counterfeit notes and coins detected in H1 2026, a 68.4% drop. The 2,000 tenge note was most common.

Kazakhstan introduces strategic crypto mining: firms get cheap electricity in exchange for 10% of net mined crypto. First phase at Ekibastuz GRES-1 with 300 MW.

Analysts question Kazakhstan's retail trade stats: 16-fold gap between Almaty and Turkestan Region. 2025 per capita data and H1 2026 figures show disparities.

ARFRF denies unified QR tariffs, says National Bank handles it. Details license revocations, debt relief, rate cuts, anti-fraud amid business complaints.

Financial consultant Aman Alimbayev calculates that rental housing in Kazakhstan yields 6-8% annually, lower than deposit rates and S&P 500.

Pavel Durov announces Telegram's built-in Gram Wallet, a non-custodial crypto wallet for over a billion users, with instant fee-free transactions this summer.

Libya joins China's CIPS for direct yuan settlements, reducing dollar reliance. The deal aims to speed up trade, cut costs, and simplify financial operations.

Kazakhstan plans to abolish the debt-to-income ratio for auto loans to simplify car purchases. Minister Nagaspayev announced changes including expanded leasing and support for electric vehicles.

Samruk-Energy assets grew 29% to 1.8 trillion tenge, with record capital expenditure hitting 51% of revenue and net profit increasing 40% to 158 billion tenge.

A US court ordered a 14-day pause on the Warner Bros.-Paramount Skydance merger after 12 states sued. The Justice Department approved the $81 billion deal.

Almaty region exported $491 million in agricultural goods to over 50 countries in 2025, with over 60% of the region's exports being agricultural products.

Kazakhstan cheese and cottage cheese production up 28%, imports down 9.2%. Average cottage cheese price: 2,457 tenge per kg, ranging 1,661-3,060 tenge.

Kazakhstan expands list of creative activities from 43 to 53 OKED codes, offering new tax breaks, VAT exemption, and state support including loans and grants.

Number of money laundering cases in Kazakhstan surged 84% in 2025. Top schemes include fraud, financial pyramids, shell companies, and crypto use. AFM reports.

Boeing maintains its 20-year aircraft demand forecast despite the war in Iran, projecting 43,625 new planes by 2045. China remains the largest market.

Kazakhstan accounts for 53.7% of Central Asia's GDP, reaching $306 billion in 2025. The study by All China Review details economic leadership, FDI, and trade with China.

Apple reclaims world's most valuable company title from Nvidia as market cap hits $4.9 trillion, driven by AI strategy and iPhone demand. Nvidia shares fall 4% as investors reassess AI valuations.

Exchange rates in Kazakhstan's major cities on July 18: dollar, euro, ruble. National Bank official rates vs market quotes in Almaty, Astana, Shymkent.

Kazakhstan's spending on electricity imports from Russia surged 87% to $156 million in the first five months of 2026, the highest since at least 2020, as prices rose 49%.