Vласть

The magazine presents a unique viewpoint on happenings in Kazakhstan. It features diverse perspectives, thought-provoking opinions, real-time updates, and an innovative take on well-known topics.

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Central Bank to Tighten Retail Currency Exchange Corridor

Jan 14, 2025 | vlast.kz | Paolo Sorbello

This marks a reduction from the previous limits, which allowed deviations of up to 15 tenge for the US dollar and 20 tenge for the euro. The Central Bank said the proposed changes are aimed primarily at reducing currency speculation and financial market risks. Today, one US dollar buys 529 tenge (it was 451 tenge a year ago, down 17%), while one euro is worth 539 tenge (down 9% from 495 tenge a year ago).
The Week in Kazakhstan: Stranger Things

Dec 27, 2024 | vlast.kz | Paolo Sorbello

Azerbaijan’s government sources told Euronews on December 26 that the crash was likely caused by a Russian surface-to-air missile, which was fired during “drone activity” over Grozny. Kazakhstan’s government, which established an investigative commission, said it would not comment on any theories on the causes of the plane crash until the investigation is complete.
The Week in Kazakhstan: Righting the Wrongs

Dec 20, 2024 | vlast.kz | Paolo Sorbello

Minister of economy Nurlan Baibazarov said on December 17 that the government never received any official proposal to negotiate a multibillion dollar environmental fine against the operators of the Kashagan oil project. For more than a year, the members of the consortium, which include Italy’s Eni and Britain’s Shell, have been rumored to be trying to pay up to two hundred million dollars in order to avoid a 2.3 trillion tenge ($4.4 billion) fine.
The Week in Kazakhstan: Don’t Ask, Don’t Tell

Dec 13, 2024 | vlast.kz | Paolo Sorbello

Karzhaubai Nurymov, the father of a teenager that was brutally killed in October, was accused of disturbing public order and put under arrest on December 10. Two days later, Nurymov was also accused of damaging private property. Nurymov had asked to be heard by journalists after the funeral of his brother, who was found dead just days earlier.
The Week in Kazakhstan: Falling and Bouncing

Dec 6, 2024 | vlast.kz | Paolo Sorbello

On December 5, the Central Bank ruled out the possibility of a return to a fixed exchange rate with the US dollar. The tenge has experienced both “free-float” and “peg” regimes in its 31-year history. In August 2015, the Central Bank decided to do away with the currency peg to the US dollar, which resulted in a sudden depreciation of the currency.
The Week in Kazakhstan: Coughing and Smiling

Nov 29, 2024 | vlast.kz | Paolo Sorbello

Repairs at large oil fields led to a lower forecast for this year’s oil production, the ministry of energy said on November 25. Minister Almasadam Satkaliyev told Parliament that production this year should amount to 88.4 million tons (1.9 million tons, or 2% less than forecasted). In 2023, Kazakhstan produced 90 million tons.
"Women in Kazakhstan are not only oppressed in the family, but also by the system" - Аналитический интернет-журнал Власть

Nov 29, 2024 | vlast.kz | Michalina Kowol

Adiya, a 22-year-old political science student at a university in Astana and activist for women’s rights, agrees. "Women in Kazakhstan are not only oppressed in the family, but also by the system," she explained in an interview. A group she leads is involved in the fight against harassment. When she experienced harassment by a former student at the university, the institution would not take action against him because the man was officially no longer part of the student body.
The Week in Kazakhstan: Hold On

Nov 15, 2024 | vlast.kz | Paolo Sorbello

Masdar, the UAE’s state-owned renewable energy company, signed on November 13 the investment agreement for its prospective 1 GW wind farm in Kazakhstan’s Zhambyl region. The signing ceremony was held on the sidelines of COP29 in Baku and witnessed by several UAE and Kazakhstani government officials.
The Week in Kazakhstan: Buried in the Sand

Nov 8, 2024 | vlast.kz | Paolo Sorbello

Residents of Talgar will elect a new mayor on December 15, the local administration said on November 8. The former mayor was fired after the brutal murder of a 16-year-old in October. Khasan Kassymbayev, the alleged leader of the ‘Khutorskie’ organized crime group accused of the murder, was arrested on November 2 and put on pre-trial detention for two months.
The Week in Kazakhstan: Top Thirty

Nov 1, 2024 | vlast.kz | Paolo Sorbello

Finance minister Madi Takiyev told Vlast on October 30 that the government plans to balance half of this year’s outstanding budget deficit of 4 trillion tenge ($8.2 billion) with transfers from the National Fund. Tax revenues and dividends from state-owned companies should cover the rest, Takiyev said. Meanwhile, the government continues to promise that transfers from the National Fund are poised to decrease, despite this year’s record highs.