Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 10 Jan 2025 by Evgeny Gavrilenkov
Dec 26 NBK: The regulator has approved a 5-year strategy for digitalization of the financial market regulation. Dec 28 President: Mr. Tokayev and the Russian President Mr. Putin had a telephone conversation and discussed the situation around the crash of an Azerbaijani plane near Aktau. Jan 3 President: Mr. Tokayev denied rumors about the early termination of his presidential term. Jan 5 Energy Ministry: Repairs at the Tengiz oil field are planned to be completed by mid-January. Jan 8 Energy Ministry: The forecast of oil production for 2025 was cut from 97.2 mln tons to 96.2 mln tons. KMG: The company is discussing the details of the purchase of the oil refinery plant in Bulgaria, which is owned by LUKOIL. Jan 9 NBK: In January, as requested by the government the regulator plans to limit FX sales from the National Fund to $750-850 mln. National pipeline company: In 2024, KazTransOil increased oil transportation by 2% y-o-y. NBK: Bank is ready to provide additional FX supply on the market from its international reserves in the case of “unjustified” pressure over the exchange rate. Bureau of National Statistics: Annual inflation in Kazakhstan accelerated to 8.6% y-o-y in the aftermath of 0.9% m-o-m in December. NBK: In December, the regulator scaled down FX interventions in support of KZT to $308 mln in total. National Wealth Fund: Samruk-Kazyna State Fund paid $300 mln in dividends to the government for FY23, the payment was executed on December 27. Ministry of Agriculture: In September to December, Kazakhstan increased grain exports by 54% y-o-y. KMG: The company increased oil and condensate production by 1.3% y-o-y in 2024. Government: Kazakhstan lifted the ban on whe...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.