Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 20 Apr 2023 by Alexander Kudrin
Apr 10 KazTransOil: AD Ports Group (UAE) may contribute to an expansion of the production capacity of the Batumi Oil Terminal President: Azerbaijan and Kazakhstan have opportunities to increase mutual trade turnover to $1 bln (compared to about $0.5 bln in 2022) President: Mr. Tokayev discussed with Azerbaijan President Mr. Aliyev the increase in the supply of oil via the Trans-Caspian International Transport Route Apr 11 Ministry of Trade: Azerbaijan offers Kazakhstan to transport oil through the Baku-Supsa pipeline Ministry of Trade: Kazakhstan confirms plans to send 125K tons of oil via Baku-Tbilisi-Ceyhan in April KMG: The company considers early redemption of its Eurobonds with maturity in 2025 worth $500 mln KASE: The volume of trading on the Kazakhstan Stock Exchange (KASE) in January-March increased by KZT11.1 trillion (18.4% y-o-y) Apr 12 IMF: The Fund downgraded the forecast of Kazakhstan's GDP growth in 2023 from 4.4% to 4.3% S&P: Kazakhstan in March lagged behind the OPEC+ quota by 28K bpd Agriculture Ministry: Kazakhstan has imposed a ban on imports of wheat by road for 6 months CPC: The marine terminal suspended oil shipment due to repair works Apr 14 CPC: The company resumed oil shipment at the marine terminal Apr 18 Agriculture Ministry: Agricultural production in Kazakhstan in 1Q23 increased in cash terms by 3.5% y-o-y to KZT824 bn Bureau of National Statistics: Investments in production capacity in Kazakhstan in 1Q23 reached KZT 2741 bn (+16.1% y-o-y) Bureau of National Statistics: Kazakhstan's foreign trade surplus in 1Q23 amounted to $3.6 bn (lower by a factor of 1.6 compared to 1Q22) Media: Food supplies from Russia to Kazakhstan in FY22 increased ...

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