Kazakhstan-Spain trade turnover surpasses $2B
The trade turnover between Kazakhstan and Spain exceeded $2 billion, announced Kazakh Ambassador to Spain, with concurrent accreditation to Andorra, Konstantin Zhigalov.
The trade turnover between Kazakhstan and Spain exceeded $2 billion, announced Kazakh Ambassador to Spain, with concurrent accreditation to Andorra, Konstantin Zhigalov.
We do our best to use a variety of means for the intensification of our bilateral cooperation with Spain and invite the Spanish companies, which are key ones in their country. When investment and export matters were transferred to our foreign-policy establishment, we have conducted a complete inventory of trade and economic cooperation," the ambassador told a briefing at the Kazakh MFA.
Konstantin Zhigalov also named a number of Spanish companies operating in Kazakhstan.
We found out that 42 Spanish companies, including quite large companies, are actually operating here. For instance, there is Talgo, a company of world renown. You have, probably, traveled by such a train at least once. MAXAM is also a serious and big company producing explosives and has 4 enterprises in Kazakhstan. Airbus is the biggest aircraft manufacturer - it produces passenger and military transport ones. Kazakhstan is among the top three partners of Airbus in terms of C295 aircraft. We have already purchased 8 aircraft, and 3 more are to be bought," the diplomat informed.
It should be mentioned that many Spanish fashion brands are actively winning Kazakhstan.
The ambassador also said that there is the Business Council and the Kazakh-Spanish Intergovernmental Commission on Cooperation.
The Kazakhstani diplomat also noted that in July 2019 it will be ten years since the signing of the Strategic Partnership Agreement between Kazakhstan and Spain.
Source: Kazinform News Agency
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Trump announces 25% tariffs on imports from Kazakhstan starting on August 1
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President Donald Trump posted a letter addressed to President of Kazakhstan Kassym-Jomart Tokayev on his Truth Social platform on imposing 25% tariffs on all Kazakh products, Kazinform News Agency reports.
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Kazakh Foreign Minister Discusses Economic Partnership Prospects with Brazilian Business Communities
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As part of his working visit to Brazil, Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu held a series of bilateral meetings with the leadership of Brazil’s major industrial associations and prominent corporations, including Embraer, Tramontina, Vale, Marcopolo, and Amazul, press service of the Kazakh MFA reports.
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OPEC+ to boost oil production in August
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The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2025, to review global market conditions and outlook, Kazinform News Agency has learnt from the website of the Organization.
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Kazakhstan establishes new special economic zone Khorgos-Eastern Gate
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The Kazakh Government issued a decree on July 1, 2025, establishing the special economic zone Khorgos-Eastern Gate and detailing its charter as well as target indicators, Kazinform News Agency correspondent reports.
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Under the "Tariff in Exchange for Investment" Program, 99.3 Billion Tenge Attracted for Water Supply Network Repairs
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At the Government session of the Republic of Kazakhstan, Deputy Minister of National Economy Asan Darbayev stated that modern challenges require a comprehensive approach-combining technical modernization, the introduction of innovative and water-saving technologies, digital transformation of the sector, and institutional and tariff reforms, primeminister.kz reports.
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Group 3 - 5 to 10 m³: 50% above the current tariff.
Group 4 - over 10 m³: 100% above the current tariff.
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Since the introduction of social consumption norms, water usage has decreased by 8%, and the level of metering has increased by 4%, according to the Deputy Minister.
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