Kazakhstan’s Economic Success and International Relations: A Summary of Foreign Media Reports for 2024
The Astana Times has compiled a selection of articles from various global media outlets covering Kazakhstan. This week’s foreign media digest includes a diverse range of topics, such as Kazakhstan’s relations with Europe, the country’s economic gains in 2024, exports of electric freight locomotives, and more.
Kazakhstan’s Deputy Foreign Minister, Roman Vassilenko, highlighted the country’s role as a key transit hub for global trade and its close relations with the EU in an interview with IPS Journal. Vassilenko emphasized Kazakhstan’s commitment to peace, sustainable development, and international cooperation.
In another article, Robert M. Cutler, the director of NATO Association of Canada’s Energy Security Program, discussed Kazakhstan’s uranium resources and its potential to save America’s energy future. Cutler emphasized the importance of nuclear power in achieving zero-emissions energy and reducing dependency on Russian gas.
Furthermore, Tehran and Astana are looking to strengthen their economic ties through new initiatives, as reported by The Tehran Times. The two countries are exploring ways to expand trade relations and enhance cooperation, with a trade delegation from Kazakhstan soon visiting Tehran.
Kazakhstan also made headlines for exporting electric freight locomotives to Azerbaijan, showcasing its industrial capabilities and partnerships with companies like Alstom. The plant in Astana has been instrumental in producing locomotives for both freight and passenger services.
On the aviation front, investigators in Kazakhstan received black box data from a crashed Azerbaijan Airlines plane, with Brazil’s air force assisting in extracting and analyzing the information. The results will be crucial in understanding the circumstances surrounding the tragic incident.
In a groundbreaking development, Mastercard launched its Crypto Credential solution in the UAE and Kazakhstan, simplifying cryptocurrency transactions and enhancing trust and security in the digital asset space. This move marks Mastercard’s expansion into the Eastern Europe, Middle East, and Africa region.
Lastly, Markets Herald analyzed Kazakhstan’s economic gains in 2024, highlighting the country’s efforts to diversify the economy, attract investments, and support small and medium-sized enterprises. Kazakhstan saw significant growth in its non-oil sector and SME output, contributing to overall economic development.
Overall, Kazakhstan continues to make strides in various sectors, from trade and transportation to energy and technology, showcasing its potential and opportunities for collaboration on the global stage.
