What changed

Kazakhstan's unicameral legislature, the Kurultai, convened for its first session of its first convocation on August 28, 2026, electing its leadership and appointing the heads of eight standing committees. President Kassym-Jomart Tokayev addressed the assembly, calling on deputies to focus on modernizing national legislation and strengthening overall lawmaking quality. Separately, official National Bank of Kazakhstan exchange rates as of September 1, 2026, were reported at 536.09 KZT per EUR and 5.34 KZT per RUB.

Analysis

The selection of leadership across eight standing committees completes an initial institutional step for the newly convened Kurultai. President Tokayev's call for modernizing legislation indicates a policy focus on legislative quality, which may affect regulatory frameworks as committee work begins. Operating environments for business remain linked to baseline currency metrics set at 536.09 KZT/EUR and 5.34 KZT/RUB at the start of September 2026.