Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 14 Oct 2022 by Alexander Kudrin
Sep 30 S&P: The agency has upgraded the long-term ratings of KazTransOil from "BB" to "BB+" Oct 3 Bureau of National Statistics: CPI in Kazakhstan in September 2022 grew 1.8% m-o-m and 17.7% y-o-y Oct 4 National bank: The regulator postponed the date of the announcement of the decision on the base rate from Oct 24 to Oct 26 Ministry of Industry and Infrastructure Development: Kazakh automakers are negotiating the opening of a Toyota car plant in Kazakhstan National bank: The current account surplus in Jan-Jun reached $5,7 bln vs $3.8 bln deficit in 1H21 Oct 5 President: Kazakhstan closely monitors the activities of large mining companies and will not allow illegal capital flight abroad IMF: The fund has upgraded its forecast of Kazakhstan's GDP growth in 2022 from 2.3% to 2.5-2.8% World Bank: The bank has upgraded its forecast of Kazakhstan's GDP growth in 2022 from 2% to 3% Oct 7 Samruk-Kazyna: KMG’s IPO is scheduled for the beginning of December Oct 10 S&P: The agency has downgraded ratings Tengizchevroil from "BBB-" to "BB+" due to the high risk of disruptions to the key export route Oct 11 Ministry of Energy: The Caspian Pipeline Consortium (CPC) will resume full operation in October Ministry of Economy: Kazakhstan's GDP grew by 2.8% in 9M22 IMF: The mission of the Fund recommended that the National Bank of Kazakhstan continue the transition to full-fledged inflation targeting National Bank: Kazakhstan's international reserves (including the National Fund) in September decreased by $2.1 bln to $84.4 bln Ministry of Agriculture: The forecast for the grain harvest in 2022 has been improved by 16% to 19 mln tons Oct 12 The Central Election Commission: Twelve candidate...

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