economy
ANALYSIS: Kazakhstan first in, first out of crisis
(bne) - Predictions that Kazakhstan would be first in, first out of the crisis have proved to be not far from the truth. The rise in commodity prices over the last year has boosted the natural resources sector, which has in turn dragged the rest of the economy, including the banking sector, along with it.
Trade surplus up threefold in H1 2010
(SRI) - Kazakhstan’s foreign trade surplus reached $16.7 billion in the first half of 2010, up more than threefold from $4 billion dollars in the first half of 2009 , the State Statistics Bureau said Friday.
Metals production up in January through July - Statistics Agency
(SRI) - In January through July, Kazakhstan produced 2.4 million tonnes of crude steel, up 7.6% year-on-year, and 1.61 million tonnes of flat rolled steel, down 6.8% year-on-year, the State Statistics Agency reported.
Central bank reports current account surplus of $5.7 billion in H1
(SRI) - Kazakhstan’s current account surplus totaled $5.7 billion in the first half of 2010, according to preliminary numbers released by the National Bank of Kazakhstan last week.
IMF urges Kazakhstan to form banking sector “resolution strategy”
(SRI) - The International Monetary Fund (IMF) praised Kazakhstan for its “prudent macroeconomic policies and swift response to the financial crisis” but stressed that the country needs to focus “financial sector health and to gradually unwind support to both banks and economic sectors.”
Kazakhstan’s economy grows 8 percent in fist half of 2010
(SRI) - Kazakhstan’s economy grew at an annual rate of 8.0 percent in the first half of 2010, driven by higher oil prices and a recovery in domestic spending, Economic Development and Trade Minister Zhanar Aitzhanova said on Tuesday at a government meeting in Astana.
COMMENT: Eurasia in the global economy
(SRI) - Eurasia, the landmass bridging the traditional continents of Europe and Asia, has become a bulwark of the global economy.
ANALYSIS: Capital building in Kazakhstan
(bne) - Astana seems an empty place in winter when the Siberian cold drives the population inside. But in June the Kazakh capital’s streets are a hive of activity as gangs of workmen frantically resurface roads and prepare new buildings for the dual birthday celebrations for Astana and President Nursultan Nazarbayev.
Kazakhstan to raise 2010 GDP growth estimate - Minister
(SRI) - Kazakhstan may officially raise its GDP growth estimate for 2010 to 4.0 percent and adjust its budget revenue forecast, Kazakhstan’s Finance Minister Bolat Zhamishev said in Tuesday.
IMF ups growth forecast
(SRI) - The International Monetary Fund (IMF) has revised the 2010 growth forecast for the Kazakh economy in 2010 to 4 percent from 2.4 percent but warned that Kazakhstan’s financial sector remains a cause for concern.
