Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 25 Nov 2022 by Alexander Kudrin

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Nov 11 President: Kazakhstan plans to attract $20 bln in investments for the diversification of transport routes and the development of logistics by 2025, Mr. Tokayev said at the summit of the Organization of Turkic States Nov 15 Ministry of Economy: Kazakhstan's GDP grew by 2.5% in Jan-Oct (y-o-y) CPC: Consortium resumed all operations in full Nov 16 President: Reforms in the economy and social sphere in Kazakhstan will continue, and the government will develop them further, Mr. Tokayev said. Nov 17 Government: Kazakhstan may pay Russia $54-65 million for a 4.2% stake in the Eurasian Development Bank Nov 18 CPC: The main work on increasing the CPC capacity will be completed in December. In early 2023, the consortium will be ready to receive additional volumes of oil Nov 21 Elections: MrTokayev won the presidential election in Kazakhstan with 81.31% votes Elections: Chinese President Xi Jinping congratulated Kassym-Jomart Tokayev on his re-election as President of Kazakhstan Nov 22 US: Washington hopes to continue working with Kazakh President Kassym-Jomart Tokayev to achieve common goals with Astana, the US State Department said Nov 23 President: Mr. Tokayev, attending the session of the Collective Security Council, called for the search for peaceful ways to resolve the conflict around Ukraine. Nov 24 Parliament: The Parliament of Kazakhstan has adopted amendments to the Tax Code, reducing the burden on the payroll of companies KMG: Samruk does not exclude the SPO of KazMunayGas on international markets to increase the liquidity of shares QazaqGaz: The company plans to IPO 25% of its shares Nov 25 EBRD: The European Bank for Reconstruction and Development will provide...