economy
Industrial output up 10 percent year-on-year in Jan-Feb
(SRI) - Kazakhstan’s industrial output rose 10.4 percent year-on-year in the first two months of 2010, the State Statistics Agency reported on Thursday.
Foreign reserves up in February - Marchenko
(SRI) - Kazakhstan’s foreign reserves (including the National Fund) increased by 3.3 percent to $52.7 billion in February, National Bank chairman Grigoriy Marchenko said.
Kazakh central bank mulls raising refinancing rate
(SRI) - The National Bank of Kazakhstan said on Wednesday it may raise its key refinancing rate by one percentage point to 8.0 percent this year if oil prices keep on rising.
February inflation 0.9 percent - Statistical Agency
(SRI) - February inflation in Kazakhstan was 0.9 percent, the State Statistical Agency reported on Monday..
Samruk-Kazyna used 80 percent of anti-crisis funds to bolster economy
(SRI) - Samruk-Kazyna, the state investment and holding company, has channeled KZT897 billion ($6.1 billion) into the economy to implement anti-crisis measures, the company’s press service said.
Central bank buys $7.5 billion to curb tenge climb
(SRI) - The National Bank of Kazakhstan has bought over $7.5 billion on the open market since last November to slow the appreciation of the tenge, central banker Grigoriy Marchenko said on Tuesday.
GDP to grow 2 percent in 2010 - Ministry of Economy
(SRI) - Kazakhstan’s Ministry of Economy expects the country’s economy to grow 2 percent in 2010 based on an average projected price of oil of $65 a barrel.
ANALYSIS: Banks still cautious about lending as Kazakh growth returns
(bne) - Optimism returned to Kazakhstan when commodity prices rose last year. Sustaining the recovery will require an upturn in bank lending, but a more cautious attitude to risk and tighter regulation of the sector are holding back the banks.
Kazakhstan to boost GDP by 50 percent with industrial projects
(SRI) - Kazakhstan plans to boost its economy by 50 percent in the next six years through investment in industrial projects, Industry and Trade Minister Aset Isekeshev said on Tuesday.
EBRD to invest $1 billion in Kazakhstan
(SRI) - The European Bank for Reconstruction and Development (EBRD) will provide about $1 billion to finance projects aiming at diversifying Kazakhstan’s oil-dominated economy, the bank said last week.
