Kazakh economy

Kazakhstan to monitor large foreign exchange transactions

Kazakhstan’s State Revenue Committee will begin monitoring foreign exchange transactions exceeding $50,000 as part of broader measures to curb illegal capital outflow, according to a draft order released by the Kazakh Finance Ministry.

Kazakhstan’s GDP increases by 6.3%

The gross domestic product (GDP) of Kazakhstan surged by 6.3% during the first seven months of this year, the press service of the Kazakh Ministry of National Economy said.

Kazakhstan to cut oil transport in March

Kazakhstan plans to reduce oil exports through the Caspian Pipeline Consortium (CPC) system by 70% in March, Kazakh Deputy Energy Minister Alibek Zhamauov said. The country aims to adjust oil production to meet its supply quota …

Kazakhstan to cut oil transport in March

Cotton plant starts operating in Kazakhstan

A new cotton plant has been commissioned in the south of Kazakhstan. The enterprise will ensure export deliveries of cotton products to China and Europe.

Cotton plant starts operating in Kazakhstan

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.

Türkiye invests billions of dollars in Kazakhstan

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 …

Kazakhstan increases oil production

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.

Banks of Kazakhstan to be allowed to export rubles

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 …

National Bank of Kazakhstan raises base rate to 16%
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