Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 10 Jul 2024 by Evgeny Gavrilenkov
June 27 President: A referendum on the nuclear power plant construction in Kazakhstan will be held in autumn 2024. S&P: The agency has upgraded the rating of Kazakhstan Kaspi Bank from BB to BB+, with a stable outlook. June 28 KASE: The stock exchange plans to hold talks with the Moscow Exchange on the potential repurchasing of its shares or selling them to third parties. The Islamic Development Bank: The bank will allocate up to $2 bln to finance infrastructure projects in such sectors as water management and transport in Kazakhstan already in 2024. July 1 President: Mr Tokayev signed a law on ratification of the agreement between the governments of Kazakhstan and China on the development of the Trans-Caspian International Transport Route, including for container trains between China and Europe July 2 China: President of the People's Republic of China Xi Jinping visited Kazakhstan on July 2-4. Energy Ministry: Kazakhstan intends to gradually increase oil exports to China (currently, it stays at about 1 mln tons per year). KMG: The company and China Venture Capital have signed a memorandum of understanding to do business in the recycling and neutralizing of hazardous waste. KMG: The company and Chinese CNPC have signed a framework agreement to deepen strategic cooperation in the oil and gas industry Samruk-Kazyna: Tariff increase will help National Railways to reduce debt and upgrade the railway fleet July 3 President: Kazakhstan and China have identified priority areas of cooperation in the future, setting a task of increasing mutual trade turnover. China is expanding its presence in Kazakhstan, and currently, 45 projects worth $14.5 bln are under development. China: ...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.