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Nurly Zhol
Nurly Zhol () is a US$9 billion domestic economic stimulus plan to develop and modernize roads, railways, ports, IT infrastructure, and education and civil services in the Republic of Kazakhstan. The Nurly Zhol plan was announced by Kazakhstan's President Nursultan Nazarbayev in November 2014. Areas of infrastructure development Nurly Zhol targets seven areas of infrastructure development: # transportation and logistics infrastructure # industrial infrastructure # energy infrastructure # public utilities infrastructure # housing infrastructure # social infrastructure # small and medium-sized enterprises Goals Nurly Zhol is intended to turn Kazakhstan into a key Eurasian transport and logistics hub by modernizing roads, railways and ports, among others projects. Over $40 billion of projects are to be implemented within the Nurly Zhol framework by 2020. 1.4 million square meters of rental housing is expected to be constructed in 2015-2019. The New Economic Policy "Nurly Zhol" is exp ...
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Economic Stimulus
In economics, stimulus refers to attempts to use monetary policy or fiscal policy (or stabilization policy in general) to stimulate the economy. Stimulus can also refer to monetary policies such as lowering interest rates and quantitative easing. A stimulus is sometimes colloquially referred to as "priming the pump" or "pump priming". Concept During a recession, production and employment are far below their sustainable potential due to lack of demand. It is hoped that increasing demand will stimulate growth and that any adverse side effects from stimulus will be mild. Fiscal stimulus refers to increasing government consumption or transfers or lowering taxes, increasing the rate of growth of public debt. Supporters of Keynesian economics assume the stimulus will cause sufficient economic growth to fill that gap partially or completely via the multiplier effect. Monetary stimulus refers to lowering interest rates, quantitative easing, or other ways of increasing the amount of ...
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Republic Of Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekistan to the south, and Turkmenistan to the southwest, with a coastline along the Caspian Sea. Its capital is Astana, known as Nur-Sultan from 2019 to 2022. Almaty, Kazakhstan's largest city, was the country's capital until 1997. Kazakhstan is the world's largest landlocked country, the largest and northernmost Muslim-majority country by land area, and the ninth-largest country in the world. It has a population of 19 million people, and one of the lowest population densities in the world, at fewer than 6 people per square kilometre (15 people per square mile). The country dominates Central Asia economically and politically, generating 60 percent of the region's GDP, primarily through its oil and gas industry; it also has vast mineral re ...
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Nursultan Nazarbayev
Nursultan Abishuly Nazarbayev ( kk, Нұрсұлтан Әбішұлы Назарбаев, Nūrsūltan Äbişūlı Nazarbaev, ; born 6 July 1940) is a Kazakh politician and military officer who served as the first President of Kazakhstan, in office from country’s independence in 1991 until his formal resignation in 2019, and as the Chairman of the Security Council of Kazakhstan from 1991 to 2022. He held the special title as Elbasy (meaning "Leader of the Nation", ) from 2010 to 2022. Nazarbayev was one of the longest-ruling non-royal leaders in the world, having led Kazakhstan for nearly three decades, excluding chairmanship in the Security Council after the end of his presidency. He has often been referred to as a dictator due to usurpation of power and autocratic rule. He was named First Secretary of the Communist Party of the Kazakh SSR in 1989 and was elected as the nation's first president shortly before its independence from the Soviet Union. In 1962, while working as a ...
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Eurasia
Eurasia (, ) is the largest continental area on Earth, comprising all of Europe and Asia. Primarily in the Northern and Eastern Hemispheres, it spans from the British Isles and the Iberian Peninsula in the west to the Japanese archipelago and the Russian Far East to the east. The continental landmass is bordered by the Atlantic Ocean and Africa to the west, the Pacific Ocean to the east, the Arctic Ocean to the north, and by Africa, the Mediterranean Sea, and the Indian Ocean to the south. The division between Europe and Asia as two continents is a historical social construct, as many of their borders are over land; thus, in some parts of the world, Eurasia is recognized as the largest of the six, five, or four continents on Earth. In geology, Eurasia is often considered as a single rigid megablock. However, the rigidity of Eurasia is debated based on paleomagnetic data. Eurasia covers around , or around 36.2% of the Earth's total land area. It is also home to the largest ...
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Rental Housing
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant holds rights of real property by some form of title from a lessor or landlord. Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property. Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given length of time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and thereafter held for an indeterminate length of time, and also differs from a tenancy where a property is let (rented) on a periodic basis such as weekly or monthly. Terminology and types of leasehold vary from country to country. Sometimes, but not always, a residential tenancy under a lease agreement is colloquially known as renting. The l ...
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Karaganda Region
Karaganda Region ( kk, Qarağandy oblysy; russian: Карагандинская область, translit=Karagandinskaja oblast′), also spelled Qaraghandy Region, is a region of Kazakhstan. Its capital is Karaganda. On 17 March 2022 it was announced that Karaganda would be divided, with the formation of the Ulytau Region. This officially came into force on 8 June 2022. History The region was the site of intense coal mining during the days of the Soviet Union and also the site of several Gulag forced labor camps. Following World War II, Joseph Stalin, leader of the Soviet Union, had many ethnic Germans deported to the area. There have been constant border changes within the region's history. The first took place in 1954 when it was ceded parts of Kustanay Oblast and parts of Taldy-Kurgan Oblast. In 1973, Dzhezkazgan Oblast was split off from Karaganda Oblast making it a fraction of the size it once was. In 1986, Karaganda Oblast was given the southern part of Tselinograd Obl ...
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Askar Mamin
Asqar Uzaqbaiuly Mamin ( kk, Асқар Ұзақбайұлы Мамин, Asqar Ūzaqbaiūly Mamin, ; born 23 October 1965) is a Kazakh politician and economist who served as the Prime Minister of Kazakhstan from 2019 to 2022, resigning due to pressure from the 2022 Kazakh unrest. He served as First Deputy Prime Minister from 9 September 2016 to 21 February 2019. Previously, he was the president of the Kazakhstan Temir Zholy, the national railway company of Kazakhstan. He also serves as the president of the Kazakhstan Ice Hockey Federation, a position he assumed in 2008. A member of the ruling Kazakhstan's political party Nur Otan, Mamin previously served as äkim of Astana from 2006 to 2008, and as Minister of Transport and Communication in Daniyal Akhmetov Cabinet from 2005 to 2006, and as First Deputy Prime Minister of the Republic of Kazakhstan from 2016 to 2019 and Prime Minister of the Republic of Kazakhstan from 2019 to 2022. Early life and career Mamin was born in ...
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Electrification
Electrification is the process of powering by electricity and, in many contexts, the introduction of such power by changing over from an earlier power source. The broad meaning of the term, such as in the history of technology, economic history, and economic development, usually applies to a region or national economy. Broadly speaking, electrification was the build-out of the electricity generation and electric power distribution systems that occurred in Britain, the United States, and other now- developed countries from the mid-1880s until around 1950 and is still in progress in rural areas in some developing countries. This included the transition in manufacturing from line shaft and belt drive using steam engines and water power to electric motors. The electrification of particular sectors of the economy is called by terms such as ''factory electrification'', ''household electrification'', ''rural electrification'', ''aviation electrification'' or ''railway electrificati ...
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