economy
IMF slashes economic growth forecast for 2008 and 2009
(SRI) - The International Monetary Fund cut its economic growth forecasts for Kazakhstan for the next two year but remains optimistic about its medium-term prospects, Reuters reported on Friday.
Kazakhstan Business and Economy Roundup - July 18, 2008
Fitch: Kazakhstan externals improve, bank risks up
(Dow Jones) - Fitch has said in a special report published today that Kazakhstan’s external finances have strengthened, but bank asset quality is deteriorating in a worsening macroeconomic climate.
HSBC expands in Central Asia’s biggest economy
(The FINANCIAL) - HSBC has opened its first branch in Astana, the capital of Kazakhstan, increasing its presence in Central Asia’s biggest economy.
Prod Corporation to purchase 1 million tons of grain for commercial resources (Kazakhstan Today)
National Bank of Kazakhstan: Exchange rates July 18, 2008 (Kazinform)
Indicators - July 17, 2008 (Reuters)
Kazakhstan Business and Economy Roundup - July 15, 2008
Kazakhstan Kagazy says paper business granted tax holidays until 2013
(Thomson Financial - Hemscott) - Kazakhstan Kagazy Plc. said its paper business, Kagazy Recycling LLP, has been granted tax holidays until 2013 within the framework of the state scheme to promote domestic producers.
Kazakhstan may harvest 17 million tons of grain in 2008 (SRI)
Prices for agricultural products in Kazakhstan rose almost 13 percent in H1 (SRI)
Kazakhstan: grain productivity in the south of the country decreased by 50% (AgriMarket.info)
Kazakhstan’s Tsesnabank selects BPC card processing technology (finextra.com)
UAE and Kazakhstan look to forge strategic partnership (Khaleej Times)
Astana hosts forum on water management in Central Asia (Kazinform)
National Bank of Kazakhstan: Exchange rates July 15, 2008 (Kazinform)
Indicators - July 14, 2008 (Reuters)
Kazakhstan’s GDP grew 5 percent in first half of 2008
(SRI) - During the first six months of 2008 Kazakhstan’s economy grew 5-5.1 percent, according to the Ministry of Economy and Budget Planning, Interfax reported.
Kazakhstan Business and Economy Roundup - July 14, 2008
Kazakhstan H1 industrial production growth stalls
(Reuters) - Kazakhstan’s industrial production growth stalled in the first half of this year to 3.8 percent compared with 6.8 percent in the same period of 2007.
Kazakhstan gears up to tackle food crisis
(Xinhua) - Kazakhstan, a central Asian country that has also been severely affected by the worldwide food crisis, has put in place a series of significant measures to curb the skyrocketing food prices.
Kaztemirtrans, Kazmortransflot pool efforts to develop transport infrastructure (SRI)
Aktau sea port transshipped over 56.000 tonnes of grain during 6 months (AgriMarket.info)
National Bank of Kazakhstan: Exchange rates July 12-14, 2008 (Kazinform)
Indicators - July 11, 2008 (Reuters)
Problem loans account for 20 percent of Kazakhstan’s banking portfolio, S&P claims
(SRI) - Standard & Poor’s international rating agency believes that the quality of Kazakh banks’ loan portfolio is worse than official statistics indicate.
Kazakhstan to halve corporate tax rate
Kazakhstan may halve the corporate income tax rate to 15 percent while introducing a tax of up to 20 percent that will apply only to the oil and mining sectors, Askar Aubakirov, a member of the working group that is developing the new tax code, said on Friday.
Kazkommertsbank - preparation key to surviving crisis
Kazkommertsbank initially established itself as Kazakhstan’s largest corporate lender, but the 2007 crisis forced it into an increased focus on its retail business.
Kazakhstan Business and Economy Roundup - July 2, 2008
Economy: Bullish PM rejects tag of stricken tiger
(Financial Times) - Growth forecasts are down, but the picture is far from bleak.
Stock exchange: Market comes out of shadows
(Financial Times) - Birzha, a stock market game, hopes to educate a class of day traders to buy and sell on KASE, the country’s real exchange.
Capital markets: Outlook starts to worsen
(Financial Times) - In April, Kazakhstan’s long-term credit outlook was lowered from stable to negative amind concerns whether its banks would be able to weather the credit crisis.
Grain: Prized crop gives strategists food for thought
(Financial Times) - Kazakhstan is already recognized as an emerging global oil power. It could also play an important role in easing world grain shortages.
Business schools in drive for quality
(Financial Times) - The two best-known business schools in Kazakhstan are overcoming resource issues in a long-term drive to raise their standards.
Kazakhstan reports 1.2 percent inflation in June (SRI)
Kazakhstan: flour milling enterprises asks President to step in to save situation with flour export (AgriMarket.info)
Kazakhstan: Food Contract Corporation is interested in increase of grain shipments to Turkey (AgriMarket.info)
Alcatel-Lucent: JSC “Halyk Bank of Kazakhstan” and Alcatel-Lucent deploy IP/MPLS network for Halyk Bank in Kazakhstan (M2 Presswire)
Kazakhstan Growth Forum - a platform for potential international investors to get acquainted with country (Kazinform)
National Bank of Kazakhstan: Exchange rates July 2, 2008 (Kazinform)
Indicators - July 1, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
Kazakhstan Business and Economy Roundup - June 30, 2008
Global liquidity crisis hits the Kazakh construction industry
(PMR Publications) - The financial turmoil on world markets which erupted mid-2007 has had a strong impact on the Kazakh construction market as its recent boom was largely financed with foreign loans.
Bank of Tokyo-Mitsubishi UFJ to open office in Kazakhstan (JCN Network)
Kazakh Government gives KZT 160 bln for small and medium business support (Kazinform)
Kazyna and Toyota Tsusho signed MoU (Kazinform)
National Bank of Kazakhstan: Exchange rates June 28-30, 2008 (Kazinform)
Indicators - June 27, 2008
(Reuters) - Kazakhstan’s economic indicators based on data provided by the State Statistics Agency, government institutions, the central bank and exchanges.
