The Ministry of Finance of the Republic ofKazakhstan is participating
in the 5th Eurasian Economic Forum, which isbeing held on May 28–29, 2026, as part of theRepublic of Kazakhstan’s chairmanship of theEAEU bodies.
The key theme of this year’s forum is thedevelopment of digital technologies and artificial intelligence in the countries of the Eurasian Economic Union. The EEF-2026 program includes approximately 30 events grouped into several thematic areas focused on the digital transformation of the economy, integration of services, and development of Eurasian cooperation.
Yerzhan Birzhanov, Vice Minister of Finance of the Republic of Kazakhstan, spoke at sessions dedicated todigital trade and development of customs administration in EAEU member states. During his remarks, he presented Kazakhstan’s approaches to developing digital infrastructure in the finance and trade sectors, as well as tools aimed at simplifying interaction between businesses and the government.
Particular attention was paid to the development ofthe electronic invoicing system and mechanisms for tracking goods. To date, the system has processed more than 1.7 billion electronic invoices and approximately 96 million shipping documents for goods, including documents related to trade between EAEU
member states.
As part of the discussion of customs administration, the results of the modernization of the digital infrastructure at external checkpoints were presented, which made it possible to significantly increase the throughput and reduce the time for undergoing procedures for participants in foreign economic activity.
Erlan Seitov, Director of the Department of Public Procurement
and Quasi-Public Sector Procurement Legislation atthe Ministry of Finance of the Republic of Kazakhstan moderated a session on the digitalization of public procurement in EAEU countries. Participants discussed the development
of procurement systems, increasing the transparency of procedures, and creating modern digital mechanisms for interaction between the government and thebusiness sector.
The Ministry of Finance of the Republic of Kazakhstan’s participation in the Eurasian Economic Forum is aimed at strengthening integration and cooperation, exchanging best practices, and promoting modern digital solutions in the areas
of public finance, customs administration, andprocurement processes.
Kazakhstan is preparing important amendments in the field of evaluation activities.
The Ministry of Finance has initiated amendments to the legislation on valuation activities, which should improve the quality of valuation services, open up new opportunities for Kazakhstani appraisers in the EAEU space, expand access to services for citizens and businesses, stimulating economic growth and investment. A representative of the Ministry of Finance of the Republic of Kazakhstan spoke about why the reform is needed, what innovations await the market and how they will affect the investment climate of the country.
- Why should we make amendments to the valuation activities legislation?
- In 2020, the Decision of the Supreme Eurasian Economic Council (hereinafter referred to as the Council) came into force "On amendments to the list of sectors (subsectors) of services in which the single market of services operates within the framework of the Eurasian Economic Union. In this Decision, the single market for property valuation services began functioning after amendments were made to the legislation of the EAEU Member States in accordance with General Approaches to the Conditions for carrying out valuation activities within the framework of the single market for services.
Today, property valuation plays an important role in purchase and sale transactions, loans, investments, and lawsuits. Therefore, it is important that the procedures are as transparent, predictable as possible and protect the interests of both businesses and citizens.
In addition, amendments are being made to the Law regarding the provision of property valuation services within the EAEU by appraisers,both Kazakhstani and appraisers from other EAEU member states.
Thus, appraisers of one EAEU member state will be able to carry out their activities on the territory of other EAEU member states without barriers, exemptions, restrictions, additional requirements and conditions.
This means that the assessment carried out in our country will be recognized in other countries of the union, without the need for repeated procedures. Such a step will greatly simplify cross-border cooperation, allow businesses to save money on valuation, make the market more attractive to investors and create conditions for the free movement of capital. As a result, all market participants benefit: from small businesses to large international companies.
- What are your main goals when making amendments to the law on valuation activities?
-The main task is to make the system more modern and understandable. Kazakhstan harmoniously fits into the EAEU single market of services. The amendments to the Law will allow appraisers to carry out their activities on the territory of the EAEU countries.
- How will it work in practice?
- Amendments to the Law on Valuation Activities will simplify the life of both businesses and individuals. Imagine the situation: a Kazakhstani appraiser has assessed a real estate object for collateral or sale. Now this assessment will be automatically recognized in other EAEU countries. For example, in Armenia or Russia. The new order removes these barriers: one score means one result for the entire union.This not only reduces costs, but also makes business processes faster and more predictable.
Internally, the law will also lead to an improvement in the quality of the assessments themselves. Strengthening the qualification requirements of specialists will increase the level of confidence in the results of evaluation activities. Companies and banks will be able to rely on more accurate and objective data when making decisions about lending, investments or insurance. This creates additional protection for investors and clients, as well as strengthens Kazakhstan's position as a country with a transparent and modern regulatory system.
- How will the amendments to the law affect the domestic market?
Each chamber of appraisers will implement a system of internships and regular training. This will allow young professionals to adapt faster to market requirements, while experienced ones will constantly update their knowledge in accordance with international standards.
In addition, the proposed amendments also mean an improvement in the quality of services. As a result, this will create the basis for a more stable real estate, lending and investment market.
- How do the appraisers themselves feel about the amendments?
Generally positive. Amendments in implementation of evaluation activities within the EAEU will open up new opportunities for Kazakhstani appraisers, expand access to services for citizens and businesses, stimulating economic growth and investment.
- How will these amendments affect investments in Kazakhstan?
-Transparency, predictability and trust in the asset valuation system are important for any investor, because it is on this that the accuracy of calculations, the validity of transactions and the minimization of risks depend. Amendments in the legislation on evaluation activities will strengthen the image of Kazakhstan as a reliable jurisdiction where laws work transparently, specialists are competent, and the evaluation system meets international requirements. All this increases confidence in the economy and opens up new opportunities for attracting long-term capital.
The adoption of the draft law on the introduction of property valuation services will open up new opportunities for Kazakhstani appraisers, expand access to services for citizens and businesses, stimulating economic growth and investment.
Also, the draft Law provides for the improvement of existing standards, the elimination of excessive requirements and contradictions, which will lead to an improvement in the legislation of the Republic of Kazakhstan on valuation activities and more effective regulation of the industry.
On 26 May 2026, the Republic of Kazakhstan successfully completed its debut sovereign panda bond issuance on the Chinese capital market. The bonds are denominated in Chinese Yuan (RMB), with a total issuance size of RMB 3.4 billion (equivalent of 500mln USD), a 3-year tenor, and a coupon rate of 1.90% per annum.
The offering was two times oversubscribed during the bookbuilding process, reflecting strong confidence from Chinese institutional investors in the country’s robust macroeconomic fundamentals including sustained economic growth and the globally lowest levels of government debt.
Kazakhstan set a record by pricing its bonds in the Chinese capital market at the lowest coupon rate among BBB-rated sovereign issuers and at the level of AA-rated countries.
The record-low coupon reflects the fiscal and tax reforms, as well as the broader policy transformation agenda initiated by the Head of State, which have significantly strengthened international investor confidence in Kazakhstan.
The panda bond issuance has established a pricing benchmark for future offerings by quasi-government and corporate issuers from Kazakhstan.
This transaction represents another important milestone in the development of the Comprehensive Strategic Partnership between Kazakhstan and Chinaand reflects the deepening of bilateral financial and investment cooperation.
The bonds will be listed on the Beijing Financial Assets Exchange and the Astana International Exchange (AIX), further strengthening financial connectivity between Kazakhstan and China.
The Ministry of Finance will continue to implement a prudent government borrowing policy aimed at diversifying the debt portfolio, reducing debt servicing costs, and maintaining international investor confidence in the sovereign credit profile of the Republic of Kazakhstan.
This issuance was executed under the approved external government borrowing program. Government debt remains at a safe and manageable level of 20% of GDP against a statutory ceiling of 32%, which is among the lowest ratios globally.
As part of the implementation of the principles of open government, the Ministry of Finance of the Republic of Kazakhstan ensures the formation and publication of open data.
Open data is information in machine-readable format intended for free use, analysis and reuse. They allow citizens, businesses and the expert community to exercise public control, make informed decisions and create digital services.
To date, the Ministry has posted 86 sets of open data on the portal https://data.egov.kz.
Their relevance, completeness and reliability are ensured.
In order to further develop open data, a survey on user needs is being conducted from May 18 to May 29, 2026.
Welcome to https://dialog.egov.kz/surveycontroller/index#/view? id = 7059
Your suggestions and feedback are important for the formation of popular and useful data sets.
At the latest meeting of the Public Council under the Ministry of Finance of the Republic of Kazakhstan, participants reviewed the activities of the appeals departments and discussed amendments to the Law of the Republic of Kazakhstan “On Valuation Activities in the Republic of Kazakhstan.”
The discussion was attended by the chairperson, members of the Public Council, and heads of the Ministry’s departments.
During the meeting, the commission reviewed the performance results of the Internal Government Audit Appeals Department for 2025. Over the reporting period, 100 meetings were held, during which 621 objections regarding desk audits and 139 objections to audit reports were reviewed.
It was noted that the commission’s work focuses primarily on ensuring an objective and transparent review of appeals and objections from audited entities, as well as on reducing the number of legal disputes. By the end of the year, most disputed issues had been resolved at the pre-trial stage, which made it possible to restore the rights of individuals and legal entities in 229 cases.
Further measures were also discussed regarding the digitization of appeal review processes, the enhancement of the Appeals Commission’s capabilities, and the improvement of the quality of internal government audits.
The Director of the Appeals Department presented the results of work on tax and customs disputes for 2024–2025 and the first quarter of 2026. The presentation noted that, to ensure transparency, 1,116 decisions have been posted on the official website of the Ministry of Finance, and an additional 732 decisions have been published on the business community’s online resources “Taxes in Kazakhstan,” “Accounting KZ,” the “PARAGRAF” information system, and the Kazakhstan Association of Customs Brokers (Representatives), while 377 representatives of taxpayers and foreign economic activity participants directly participated in the meetings.
As part of a comprehensive set of measures, a list of criteria has been developed to identify invalid transactions for tax audits. In addition, 35 officials have been held accountable for violations committed during tax and customs audits, including 19 auditors, 5 department heads, and 11 division heads. Changes regarding VAT refunds, introduced into the Tax Code as well as the VAT Refund Rules, have also been announced, eliminating discrepancies in the legislation.
The meeting also featured a presentation of the draft law “On Amendments and Additions to the Law of the Republic of Kazakhstan ‘On Valuation Activities’.” The draft law aims to implement the provisions of the General Approaches, ensuring the functioning of a single market for services free of barriers, exemptions, restrictions, additional requirements, and conditions, as well as to further improve legislation on valuation activities.
In addition, the draft law contains other amendments regarding the clarification and optimization of provisions to ensure alignment with law enforcement practices, aimed at improving the legislation.
The adoption of amendments regarding the establishment of a single market for property appraisal services will create conditions for Kazakhstani appraisers to enter the international market, expand opportunities for professional practice across the member states of the Eurasian Economic Union (EAEU), and enhance the international competitiveness of domestic specialists.
The opening ceremony of the International Youth Forum of Tax Services of the CIS member states took place in Shymkent today.
The large-scale event brought together representatives of tax administrations of the Commonwealth countries, young professionals, industry experts and heads of relevant government bodies.
Vice Minister of Finance of the Republic of Kazakhstan Yerzhan Birzhanov and Deputy Chairman of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan Bakytzhan Slyamov addressed the forum participants with a welcoming speech.
In his speech, Yerzhan Birzhanov noted that the modern tax service is not only effective administration, but also a service ecosystem based on trust, convenience and a customer-centric approach.
Particular attention was paid to the role of the younger generation in the development of public services and digital transformation.
"It is the young leaders who will have to finally erase the boundaries between the state and the citizen, turning the tax service into a reliable digital assistant," E. Birzhanov emphasized.
Bakytzhan Slyamov in his address noted the importance of the continuity of generations, the preservation of institutional memory and the strengthening of professional interaction between the tax administrations of the Commonwealth states.
"Today the tax service is one of the most technologically advanced state ecosystems. We are working with Big Data, artificial intelligence and blockchain technologies, forming a new model of public administration," B. Slyamov noted.
Within three days, the forum participants will discuss topical issues of digitalization of tax administration, the introduction of modern IT solutions, the use of artificial intelligence technologies, the development of client-centric approaches, as well as the role of youth in the transformation of state institutions.
The International Youth Forum will become an effective platform for open dialogue, exchange of best practices, development of new initiatives and further strengthening of professional cooperation between the SNG member states. Within three days, the forum participants will discuss topical issues of digitalization of tax administration, the introduction of modern IT solutions, the use of artificial intelligence technologies, the development of customer-centric approaches, as well as the role of youth in the transformation of state institutions.
May 7 and May 9 are special dates in our country's history, filled with pride, gratitude, and deep respect for those who dedicated themselves to serving the Motherland and defending its freedom during the harsh years of war.
These significant holidays will forever remain in the hearts of our people. The heroism of the defenders of the Fatherland is a source of inspiration,a symbol of courage and selflessness. Our esteemed veterans and service members are our pride, the foundation of stability and peace, and a shining example for future enerations.
During these holidays, we wish everyone good health, prosperity, and a peaceful sky above. May harmony, warmth, and joy reign in every home, and may love for the Motherland and respect for its defenders remain unshakable values.
On the eve of the holidays, the Ministry of Finance of the Republic of Kazakhstan held a concert dedicated to the celebration of May 7 and 9. Employees who dedicated many years to the Ministry of Finance were awarded the medal "Veteran of Labor" and the badge of distinction "For Outstanding Service in the inancial Service."
I congratulate you on May 7—Defender of the Fatherland Day
of the Republic of Kazakhstan!
This day is a sign of special respect for all citizens who defend
the country’s peace and ensure the security of our state.
Defending the Fatherland is a sacred duty and a great responsibility for every citizen.
Our country’s Armed Forces are the pillar of our independence
and the guarantor of peaceful life. Their heroic labor and dedicated service always deserve the highest honors.
I wish you good health, tireless efforts, success in your work,
and well-being for your families!
With best wishes,
Minister of Finance
of the Republic of Kazakhstan M. Takiyev
Kazakhstan continues to strengthen cooperation with the Asian Development Bank in the framework of investment projects, priorities for sustainable economic growth and digital transformation. These issues were discussed on May 3-6, 2026 in the city of Samarkand (Uzbekistan) during the 59th Annual Meeting of the ADB Board of Governors.
The event was attended by representatives of the Bank's member countries, international financial institutions and partner organizations. Kazakhstan was represented by Vice Minister of Finance of the Republic of Kazakhstan Dauren Kengbeil.
In his speech, he noted that Kazakhstan has become a center for digital decision-making, and stressed the relevance of ADB's support in the development of digital technologies.
The presentation also focused on the importance of developing transport and logistics potential, sustainable energy and promoting a "green" transition.
During the meeting, the Vice Minister of Finance, acting as an Alternative Governor from Kazakhstan to the ADB, held bilateral meetings with ADB Vice President Yingming Yang and ADB Executive Director Noor Ahmed.
During the meetings, special attention was paid to the issues of strategic cooperation between Kazakhstan and the ADB, the implementation of ADB investment projects, as well as the participation of the ADB leadership in the upcoming meeting of the Foreign Investors Council.
In addition, issues related to the development of economic cooperation and the preparation of a new budget support program were discussed at a meeting with Mr. Konstantin Limitovskiy, Chief Investment Officer of the Asian Infrastructure Investment Bank.
On May 1 - the Unity Day of the People of Kazakhstan!
This holiday has become a symbol of mutual respect and harmony, peace and stability.
The unity of our people has stood the test of time and proved its strength. The unity of representatives of various nationalities and ethnic groups living in our country, the intersection of cultures and mutual respect became the basis of this holiday.
Our compatriots, who have become the symbol of peace, are united by such virtues and common values as hard work and creativity, care and compassion. Preservation of these values is the key to a stable future for Kazakhstan.
On behalf of the employees of the Ministry of Finance of the Republic of Kazakhstan and on my own behalf, I congratulate you on this significant holiday and wish you all good health and further success!
May our country be stable, and our people be united!
With best wishes,
Minister of Finance
Madi Takiyev