Türkiye invests billions of dollars in Kazakhstan
Representatives of business associations and agricultural companies of Kazakhstan visited Ankara, where they signed agreements worth $2 billion in the field of investment and trade.
Kazakh economy
Kazakhstan not to change its oil production forecast due to OPEC+ agreement
The Kazakh authorities do not plan to change the forecast for oil production this year, since the republic has pledged to fulfill the OPEC+ condition to reduce fuel production.
New Prime Minister of Kazakhstan announces priority tasks in economy
Kazakhstan will develop production, business and agriculture. The new government will also pay attention to the logistics, energy, and water sectors.
Kazakhstan and Uzbekistan to trade without barriers
The authorities of Uzbekistan and Kazakhstan intend to remove barriers to bilateral trade. They will create a single online trading platform.
Kazakhstan launches digital tenge project
Kazakhstan's National Bank has launched the digital tenge project, the bank's press service reported. The …
Kazakh FM: TMTM to unite European and Asian markets
The Trans-Caspian International Transport Route (TITR, or Middle Corridor) will create new opportunities for mutually beneficial trade and …
Kazakhstan increases oil production
Oil production sector rose 8.4% in Kazakhstan, Kazakh National Economy Minister Alibek Kuantyrov said at a government meeting in Astana. He noted that the country's extractive industry grew 5.4%: oil production sector rose 8.4%, gas …
Banks of Kazakhstan to be allowed to export rubles
Kazakh banks will be able to export Russian rubles again. The restriction on the export of the currency of a neighboring state until the end of this year can be lifted in early summer.
National Bank of Kazakhstan raises base rate to 16%
The National Bank of Kazakhstan has increased the base rate from 14.5% to 16% per annum within an interest rate band of ±1 p.p., the regulator's press office said. Rate for standing facilities rates are set at 17% for …
Tokayev calls for attracting foreign capital to Kazakhstan’s economy
At a meeting with the manager of the Astana International Financial Center, Kairat Kelimbetov, President of Kazakhstan Kassym-Zhomart Tokayev announced his desire to attract foreign investment in the economy of the republic, the press service of …
Kazakhstan's GDP accelerates up to 4.4%
Kazakh National Economy Minister Alibek Kuantyrov told the Government meeting about the main economic growth indicators in the first quarter of 2022, according to Kazinform. In January-March this year the country’s economic …
Kazakhstan's National Bank, KASE change tenge-dollar trading rules
A joint statement was made by the National Bank of Kazakhstan (NBK) and Kazakhstan Stock Exchange JSC (KASE). According to the statement, NBK and KASE decided to change the trading rules for the tenge-US dollar currency pair on March 9, …
Kazakh central bank raises policy rate to 10.25%
Kazakhstan's central bank raised its main interest rate to 10.25% from 9.75% on Monday. The bank said it expects inflation to slow to 6.0-6.5% this year from last year's 8.4% thanks to tighter monetary policy and other measures …
Liquified petroleum gas to be sold based on local authorities’ requests in Kazakhstan
The Kazakh authorities have decided to sell liquified petroleum gas (LPG) on the basis of requests made by local governing bodies instead of via the electronic trading platform, which was the case earlier, the press service of the …
Kazakhstan transit cargo to double in volume by 2025 from 2010
Cargo transiting through Kazakhstan is expected to double in volume by 2025 from 2010, said Deputy Minister of National Economy Alibek Kuantyrov in a recent interview with …
Kazakh central bank raises policy rate to 9.25%
Kazakhstan's central bank raises policy rate to 9.25% Kazakhstan's central bank raised its policy rate to 9.25% from 9.0% on Monday, citing the need to prevent inflation from spiraling as the economy started to recover. …
Kazakhstan to convert solid waste to energy
As of today, nearly 85 percent of all solid waste in the country does not get sorted and recycled
Kazakh central bank hikes key rate to 12%
Kazakhstan's central bank hiked its policy rate to 12.0% from 9.25% today, governor Yerbolat Dosayev said. He cited risks of pressure on the tenge exchange rate and inflation after the collapse of oil prices, Reuters reported. …
Moody's: Kazakhstan must do more to curb risky retail lending
Kazakhstan’s authorities may need to take more measures to prevent a fresh asset quality crisis fuelled by risky retail lending, rating agency Moody’s said, warning that a spike in defaults was looming. "Retail …
Tokayev announces democratic reforms in Kazakhstan
Political transformations in Kazakhstan will take into account the state's interests, Kazakh President Kassym-Jomart Tokayev told parliament in an annual address on Monday. The president criticised the central …
