H1 2011 Kazakhstan inflation rate lower than CIS average
Inflation rate in Kazakhstan in the H1 2011 stood at 5.1%, lower than the CIS average (6.4%), the CIS Interstate Committee for Statistics reports.
Net gold and currency reserves grow
Net gold and currency reserves of the Kazakhstan’s National Bank grew by 31.44% from January to July, making up $36.3 billion as of the end of July.
Kazakhstan only second to Moldova in CIS in terms of H1 2011 freights transportation growth
H1 2011 growth of freights transportation in the entire CIS as compared to the like period of 2010 stands at 11.5%.
Economy Minister Kairat Kelimbetov doesn’t see the Russian rouble in the capacity of the global reserve currency
If we talk of some reserve currency in our region, it should be a basket of the China’s renminbi, the Russia’s rouble and the Kazakh tenge: Kelimbetov.
Current presence of China in Kazakhstan’s economy poses no threat: Economy Minister Kelimbetov
According to the Minister, the biggest trade partner of Kazakhstan at the present stage is the European Union, followed by Russia.
H1 2011 uranium production figures
Uranium production output in Kazakhstan in the H1 2011 made up 9 148 tons, 9% up against the like period of 2010.
Kazakhstan’s economy policy for the nearest 5 years to focus on large-scaled privatization
At the first stage, that is in 2012-2015, Kazakhstan will launch the so-called People’s IPOs of national companies. Afterwards, some national holdings will be floated to attract strategic global investors: Economy Minister Kelimbetov.
Kazakhstan may put off selling its BTA bank for 3 years: country’s Minister of Economic Development and Trade Kairat Kelimbetov
According to him, only Russia and China could be interested in the Bank’s purchase.
KazMunayGas National Oil and Gas Company obtains a syndicated loan worth $1 billion
The agreement was signed July 15.