Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 27 Oct 2022 by Alexander Kudrin

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Oct 14 Samruk-Kazyna: The IPO of the Kazakh airline Air Astana is planned for 2023-2024 President: Mr. Tokayev sees the potential for an increase of Kazakhstan's exports to Central Asian states by $1 bln, to Russia by more than $1 bln annually Oct 15 President: Kazakhstan is ready to increase gas imports from Turkmenistan to 1.5 bcm annually Agriculture Ministry: Grain harvest in Kazakhstan reached 21.7 mln tons vs forecasted 19.5 mln tons Oct 17 Bureau of National Statistics: Cargo turnover in 9M22 grew by 3 % y-o-y to 441.7 mln ton-kilometers Bureau of National Statistics: Investments in production capacity in 9M22 grew by 7% y-o-y and reached KZT 7,4 trln in nominal terms Bureau of National Statistics: Production of raw steel in 9M22 contracted by 4.6% y-o-y to 3.3 mln tons Bureau of National Statistics: Kazakhstan’s foreign trade balance reached $26.3 bln in 8M22 (grew by 2.2 times y-o-y) Bureau of National Statistics: Agricultural production reached KZT 6.8 trln in 9M22 (6.9% y-o-y) Bureau of National Statistics: Oil production in 9M22 contracted by 1.2% y-o-y to 53 mln tons, while natural gas extraction grew by 3.5% y-o-y to 16.5 bcm Oct 18 KASE: Trading turnover on the Kazakhstan Stock Exchange in Jan-Sep 2022 amounted to KZT 193.6 trln (+69.4% y-o-y) Oct 19 Prime minister: The authorities hope to keep inflation in the 7.5-9.5% range in 2023 Finance Ministry: Samruk-Kazyna plans to pay $360 mln in dividends for 2022 (Government is the sole shareholder at a moment) Prime minister: 56 companies that have left Russia are planning to transfer business to Kazakhstan, including Honeywell, inDriver, Fortescue, Marubeni Government: First Deputy Prime Minister Roman Skly...