Bi-Weekly Economic News Summary (Kazakhstan+)

KAZAKHSTAN - In Brief 19 May 2023 by Evgeny Gavrilenkov
May 5 Azerbaijan: Gas supplies from Azerbaijan to Italy via the Trans-Adriatic Pipeline (TAP) increased in 1Q23 by 6.3% y-o-y to 2.4 bcm May 8 Uzbekistan: Early presidential elections are scheduled for June 9. May 10 Georgia: The country imported 41K tons of wheat in 1Q23 (+22.3% y-o-y) Georgia: The National Bank of Georgia cut the refinancing rate to 10.5% Azerbaijan: In March, the Czech Republic imported from Azerbaijan 130K tons of oil worth EUR81.6 mln May 11 Azerbaijan: In April, the country lagged behind the OPEC+ quota by 174K bpd Kazakhstan: Country lagged behind the OPEC+ quota by 28K bpd in April Georgia: The IMF raised the forecast of Georgia's economic growth in 2023 from 4% to 5% Georgia: The Prime Minister Mr. Garibashvili said that Georgia will not impose unilateral sanctions against Russia. May 12 Azerbaijan: SOCAR has received a license to trade natural gas in Bulgaria Azerbaijan: According to IMF forecast, oil production in Azerbaijan in 2023-24 will account for 0.65 mln bpd versus 0.66 mln bpd in 2022 Azerbaijan, Uzbekistan: The two countries want to create an investment fund with a capital of up to $500 mln, where share of Azerbaijan will be 75%, and Uzbekistan’s - 25% May 15 Kazakhstan: The volume of investments of JV between SIBUR and KMG in the construction of an integrated gas chemical complex for the production of polyethylene is estimated at $7.6 bln Georgia: The country's GDP grew by 7.2% y-o-y in 1Q23 Kazakhstan: KazTransOil has extended the agreement on the transit of up to 10 mln tons of the Russian oil per year to China until 2034 Kazakhstan: The country’s authorities have not received data from the US Treasury on violations of sanctions ...

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.