Kazakhstan’s Prime Minister Karim Massimov has met Asian Development Bank's (ADB) Vice-President Xiaoyu Zhao today.
Kazakhstan’s Government, Damu Small Entrepreneurship Development Fund and Asian Development Bank have signed a framework agreement worth $500 million to support small and middle-sized business in Kazakhstan.
KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.
As of today, Kazakhstan-based refineries process a bit over 13 million tons a year: Oil and gas Minister Sauat Mynbayev.
To secure GDP annual growth at 7%, capital investments for the period of 2011-2015 should grow by 58.5% against 2010: Kairat Kelimbetov, Minister Economic Development and Trade.
Ministry of Economic Development and Trade forecasts budget deficit will be cut down to 1.3% of the nation’s GDP by 2014.
Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions.
He reminded that in January – April consumer prices grew 4.2% as compared to December 2010.
Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions
Kazakhstan economic growth in 2011 is expected to reach 5.9 percent: the International Monetary Fund.
According to the Committee, the average inflation rate across the CIS stood at 9.5%, with the Kazakhstan’s rate standing at 8.5%.
In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.
The task to ensure 7% growth was set by President Nazarbayev at an extended sitting of the Government mid-April.
The club of Nobel prizewinners will open in Astana. The idea to create the scientific club belongs to Robert Mundell.
After the moderate 1.2% in 2009, the economy growth bounced back up to 7% in 2010 against the backdrop of favorable external economic conditions (…) The economy is set to grow by 6.2% in 2010: Noeleen Heyzer, ESCAP Executive Secretary.
The Bank’s current obligations to invest into Kazakhstan in future to finance projects in various sectors make up $2.8 billion Euro: Finance Minister Bolat Zhamishev.
Kazakhstan’s external trade turnover in 2010 grew by ¼ as compared to 2009, reaching $89 billion.
When the railway link Uzen – Turkmenistan border is completed, Kazakhstan will get an access to the Persian Gulf. This will cut down the transportation route to Saudi Arabia: Minister of Transport and Communications Berik Kamaliyev.
The sides undertake to pursue an economic policy to raise confidence in the national currencies of the Customs Union states.
Kazakhstan-based subsidiary of Russia’s Sberbank has entered the top ten banks in Kazakhstan in terms of assets recently.
- Asian Development Bank
- Middle East & Africa
- International Monetary Fund
- James Alexander Mirrlees
- John Nash
- Nobel prize
- Robert John Aumann
- Robert Mundell
- Roger David Kornberg
- Astana Economic Forum
- Customs Union