Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 30 Apr 2025 by Evgeny Gavrilenkov
Apr 17 The Parliament: The Upper Chamber of the Parliament of Kazakhstan has ratified the agreement with the CIS on free trade in the services sector. Ministry of Trade: Kazakhstan has not yet discussed the issue of retaliatory tariff increases on imports. President: During a telephone conversation, Mr. Tokayev and the Russian President Mr. Putin discussed cooperation in the energy sector. NBK: The largest banks in Kazakhstan (accounting for 85% of all assets and 86% of the total loan portfolio), had a capital adequacy ratio of 15% in 2024, which exceeds the minimum established threshold of 5.5% (excluding buffers). Apr 18 National pipeline company: KazTransOil may increase dividends by 32% by the end of 2025. Cargo transportation: Kazakhstan plans to triple volumes of exports via the Trans-Caspian International Transport Route - from 3.2 mln tons in 2024 to 10 mln tons in 2028. Oil exports: In 1Q25, Kazakhstan increased oil exports to Germany by 25.7%. Apr 21 Prime Minister: The government of Kazakhstan intends to expand its economic relations with Russia. Apr 22 IMF: The Fund cut the forecast of Kazakhstan's GDP growth in 2025 to 4.9% from 5.5% considered previously. Apr 23 Energy Ministry: In 1Q25, gas production in Kazakhstan amounted to 17.2 bln cubic meters. Energy Ministry: Russia and Uzbekistan have not yet signed a contract to increase Russian gas supplies through Kazakhstan. Kazatomprom: The company may increase its dividends by 4% by the end of 2025. National pipeline company: KazTransOil reduced oil transportation by 4.1% in 1Q25. During this period, the company shipped to China 2.1 mln tons of Kazakh and 2.5 mln tons of Russian oil. NBK: The central banks ...

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