Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 04 Apr 2024 by Evgeny Gavrilenkov
Mar 20 National Financial Regulator: The watchdog will conduct an asset quality review of the 11 biggest banks in Kazakhstan this year. Mar 21 Government: Kazakhstan and Qatar signed an agreement for long-term strategic cooperation to develop projects in priority sectors (the estimated amount is $17.6 bln). Mar 23 President: Mr. Tokayev expressed his deep condolences following the terrorist attack at Crocus City Hall during a phone call with Russian President Mr. Putin. Mar 26 Energy Ministry: The scheduled expansion of the Tengiz oil project is due by the end of 2024. Agriculture Ministry: In 2024, Kazakhstan will reduce the wheat sowing area by 3% to 13.3 mln ha. Agriculture Ministry: Kazakhstan plans to harvest 13-14 mln tons of grain this year. Energy Ministry: Construction of the first of the three thermal power plants in Kazakhstan within the JV with Russian Inter RAO may begin this year. Energy Ministry: Kazakhstan is considering the possible increase in the supply of uranium products to the US. Mar 27 Parliament: Kazakhstan plans to gain $1.85 bln for the transit of Russian oil to China by 2034. Government: China intends to create a "green corridor" for Kazakh agricultural products. Energy Ministry: Transportation of the Russian gas to Uzbekistan via Kazakhstan will be almost tripled in 2024 (to 3.8 bcm). President: Trade turnover between Kazakhstan and China in 2023 reached a record $41 bln. Mar 28 Local authorities: Investments to build an airport in Kazakhstan near the border with China (in the free economic zone called Khorgos - Eastern Gate) could reach $555 mln. Mar 30 President: The President of Kazakhstan reprimanded members of the government and region...

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