Archive for July 2nd, 2008
Kazakhstan reports 1.2 percent inflation in June
(Silk Road Intelligencer) - Inflation in Kazakhstan was 1.2 percent in June and 5.7 percent since January, the state statistics agency announced on Tuesday.
In June prices for foodstuffs climbed 1.8 percent (8.1 percent year-to-date), non-food commodities rose 0.8 percent (3.8 percent ytd), and services increased 0.8 percent (4.2 percent ytd), it said.
The year-on-year inflation (June 2007 vs. June 2008) totaled 20 percent with prices for foodstuffs up 29.3 percent, non-food commodities up 11.6 percent and services up 15 percent, the agency said.
The National Bank forecasts annual inflation at 7.9-9.9 percent in 2008, and 7.5-9.5 percent in 2009.
MangistauMunaiGas more than doubled its Q1 profit
MangistauMunaiGas generated a net profit of 52.655 billion tenge ($440 million) in the first three months of 2008, the company said in a press release published on the website of the Kazakhstan Stock Exchange (KASE). In the same period last year, the company earned 23.99 billion tenge (200 million).
Uneasy ties with US are based on energy
Two years ago, US vice-president Dick Cheney visited Kazakhstan on a trip which owed much to his own personal relationship with the country and its rulers but which also cast light on the broader interest of the US in the nation.
