News about economy

KazMunaiGas EP exiting negotiations over Akkas gas field in Iraq KazMunaiGas Exploration Production was established in March 2004 and is among the top three oil producers in Kazakhstan.
11 May 2011 16:07
Kazakhstan to boost oil processing to 17 million tons by 2015 As of today, Kazakhstan-based refineries process a bit over 13 million tons a year: Oil and gas Minister Sauat Mynbayev.
11 May 2011 13:07
Ministry of Economic Development and Trade unveils a detailed plan to secure 7% GDP growth 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.
10 May 2011 15:12
Budget deficit to be cut down from 2.5% to 1.3% of GDP Ministry of Economic Development and Trade forecasts budget deficit will be cut down to 1.3% of the nation’s GDP by 2014.
10 May 2011 13:10
Kazakhstan developing Plan B in case of negative economic scenario Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions.
10 May 2011 12:51
Economy Minister regards year 2011 as “dangerous” in terms of inflation He reminded that in January – April consumer prices grew 4.2% as compared to December 2010.
10 May 2011 12:14
GDP growth in January – April made up 6.9% Early May the Government adopted a plan to secure 7% GDP growth in 2011 in line with President Nazarbayev’s instructions
10 May 2011 10:04
IMF increased its expectations of economic growth in Kazakhstan Kazakhstan economic growth in 2011 is expected to reach 5.9 percent: the International Monetary Fund.
06 May 2011 19:02
Q1 2011 inflation rate in Kazakhstan lowest in the CIS According to the Committee, the average inflation rate across the CIS stood at 9.5%, with the Kazakhstan’s rate standing at 8.5%.
06 May 2011 16:16
Gold and currency reserves grew by 31% in January-April to $36.4 billion In April, gold and currency reserves grew by 5.14%, with net currency reserves growing by 4.92% and gold reserves growing by 7%.
05 May 2011 19:37
Kazakhstan’s Government adopts plan to secure 7% economy growth The task to ensure 7% growth was set by President Nazarbayev at an extended sitting of the Government mid-April.
05 May 2011 19:11
Nobel Prizewinners Club to open in Astana The club of Nobel prizewinners will open in Astana. The idea to create the scientific club belongs to Robert Mundell.
05 May 2011 18:54
ESCAP forecast Kazakhstan’s economy growth at 6.2% in 2011 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.
05 May 2011 14:49
EBRD to invest to Kazakhstan $1 billion this year 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.
05 May 2011 14:17
Kazakhstan’s external trade statistics Kazakhstan’s external trade turnover in 2010 grew by ¼ as compared to 2009, reaching $89 billion.
05 May 2011 13:35
Saudi Arabia interested in grain imports from Kazakhstan 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.
05 May 2011 12:38
Kazakhstan’s Senate ratifies Agreement on concerted principles of currency policies The sides undertake to pursue an economic policy to raise confidence in the national currencies of the Customs Union states.
05 May 2011 12:01
Kazakhstan’s PM Massimov meets Sberbank CEO German Gref Kazakhstan-based subsidiary of Russia’s Sberbank has entered the top ten banks in Kazakhstan in terms of assets recently.
04 May 2011 19:38
Kazakhstan planning to bring FDI up to 13-14% of GDP Currently FDI stands at 8-9% of the GDP: Asylkhan Serikov, Head of Committee for Investments under the Ministry of Industry and New Technology.
04 May 2011 16:40
Kazakhstan’s Agriculture Ministry has no plans to ban grain exports Kazakhstan can export 5.5. million tons of grain in the 2010-2011 marketing year: Agriculture Ministry.
04 May 2011 15:32
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