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EBRD on Kazakhstan’s 2015 economic prospects

Back in September 2014 the Bank had estimated the country’s 2015 growth rate at 5.1%.

EBRD on Kazakhstan’s 2015 economic prospects
Nursultan Nazarbayev. Marat Abilov©
Kazakhstan President meets Sir Suma Chakrabarti of EBRD

As of the end of 2013 the package of projects in Kazakhstan totaled about $450-500 million.

Kazakhstan President meets Sir Suma Chakrabarti of EBRD
©Yaroslav Radlovsky
Kazakhstan vests EBRD with immunity and tax privileges

Kazakhstan Majilis has ratified the agreement between Kazakhstan and European Bank of Reconstruction and Development.

Kazakhstan vests EBRD with immunity and tax privileges
By Yaroslav Radlovsky ©
EBRD raises Kazakhstan’s estimated GDP growth rate

At the same time the Bank’s analysts point to weakness of the country’s banking sector, with over 30% of the loan portfolios being NPLs.

EBRD raises Kazakhstan’s estimated GDP growth rate
Logo of Kazakhstan President's Foreign Investors Council
Kazakhstan should close Internet access gap between cities and villages: EBRD

EBRD believes that Kazakhstan needs to develop specialized infrastructure, in particular, the one for access to broadband Internet.

Kazakhstan should close Internet access gap between cities and villages: EBRD
Kazakhstan Minister of Economy and Budget Planning Yerbolat Dossayev. ©primeminister.kz
Real GDP growth is to be maintained at 6%: Minister of Economic Affairs and Budget Planning

May 10 the European Bank for Reconstruction and Development cut down its economy growth estimated for Kazakhstan from 6% to 4.9%.

Real GDP growth is to be maintained at 6%: Minister of Economic Affairs and Budget Planning
New Almaty buses. Photo by Yaroslav Radlovskiy©
EBRD loans to Almaty for 200 new buses

Almaty administration and the EBRD (European Bank for Reconstruction and Development) signed a loan agreement worth $39.3 million for procurement of 200 new buses running on gas.

EBRD loans to Almaty for 200 new buses
Waste-processing plant. ©RIA Novosti
Aktau to produce energy from wastes

EBRD issued a loan for construction of a new plant for processing of household wastes and energy production in Aktau, western Kazakhstan.

Aktau to produce energy from wastes
Шардаринская ГЭС. Фото с сайта sharges.kz
EBRD providing $60.6 million to finance modernization of the Shardara hydropower plant in Kazakhstan

The project is targeted at preventing emergency shutdowns of the power plant, bringing its capacities up by 16% to 116 megawatt and producing another 57 million kilowatt-hours a year.

EBRD providing $60.6 million to finance modernization of the Shardara hydropower plant in Kazakhstan
By Yaroslav Radlovsky ©
EBRD buys a stake in a Kazakhstan grain production company

Established in 1999, KazExportAstyk operates primarily in the North Kazakhstan and Akmolinsk areas to produce and export grain, oil seeds, and flour.

EBRD buys a stake in a Kazakhstan grain production company
By Yaroslav Radlovsky ©
EBRD announces its 2012 plans for Kazakhstan

In 2011 the Bank financed a total of 14 projects worth Euro 289 million.

EBRD announces its 2012 plans for Kazakhstan
Karim Massimov. Photo courtesy of flickr.com/photos/karimmassimov©
Massimov met with EBRD Managing Director

In the meeting Massimov and Decamps discussed cooperation of Kazakhstan and EBRD in implementation of infrastructure projects.

Massimov met with EBRD Managing Director
By Yaroslav Radlovsky ©
EBRD considers financing motor road projects in Kazakhstan

The Bank and the Transport Ministry officials considered financing reconstruction of Tashkent – Shymkent, Almaty – Khorgos motro roads, as well as construction of the Big Almaty Ring Road.

EBRD considers financing motor road projects in Kazakhstan
Karim Massimov met with EBRD Managing Director Olivier Descamps. Photo courtesy of flickr.com
Massimov met with EBRD Managing Director Olivier Descamps

Among other topics, the meeting covered cooperation between Kazakhstan and the EBRD in implementation of infrastructural projects.

Massimov met with EBRD Managing Director Olivier Descamps
Gregory Marchenko. By Vladimir Dmitriev ©
20-25% in the State Pension Accumulation Fund to be floated through People’s IPO

As the National Bank Governor explained, the National Bank is to buy back the 10 per cent share from the European Bank of Reconstruction and Development (EBRD).

20-25% in the State Pension Accumulation Fund to be floated through People’s IPO
Thomas Mirow. ©REUTERS-Vincent Kessler
EBRD: Kazakhstan and Russia can increase food supplies to the world market

EBRD President wrote about potential of Kazakhstan and Russia to increase food production.

EBRD: Kazakhstan and Russia can increase food supplies to the world market
EBRD to finance modernization of water supply systems in Kazakhstan

Today in Astana the European Bank for Reconstruction and Development (EBRD) and municipal authorities of Kazakhstan have signed a memorandum to finance modernization of water supply systems on the basis of public-private partnerships.

EBRD to finance modernization of water supply systems in Kazakhstan
Nursultan Nazarbayev. Photo courtesy of akorda.kz
Nazarbayev proposed to EBRD

Nursultan Nazarbayev made a proposal to the European Bank of Reconstruction and Development.

Nazarbayev proposed to EBRD
Karim Massimov. Photo courtesy of government.kz
Economic growth in Kazakhstan should be stable and balanced: Kazakhstan’s PM Massimov

The Prime Minister stressed that “large investments are injected to raise the overall living standards of Kazakhstan’s people”.

Economic growth in Kazakhstan should be stable and balanced: Kazakhstan’s PM Massimov
Kazakhstan could play a significant role in the world through developing its agribusiness: EBRD President Thomas Mirow
Kazakhstan could play a significant role in the world through developing its agribusiness: EBRD President Thomas Mirow

He said that when speaking at the opening of the Investment Forum in Astana within the EBRD annual meeting.

Kazakhstan could play a significant role in the world through developing its agribusiness: EBRD President Thomas Mirow