Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 10 Jan 2024 by Evgeny Gavrilenkov
Dec 28 S&P: The agency confirms KazMunaiGas' credit rating at BB+ with "stable" outlook CPC: The company suspended oil transportation through the Tengiz-Novorossiysk pipeline from Dec 25 to Dec 28 Prime-Minister: Kazakhstan's GDP growth is expected at 5% in 2023 Gazprom: By mid-year, the company prepares to sign 15-year contracts for the supply of gas to Kyrgyzstan, Kazakhstan, and Uzbekistan Dec 29 Kaspi bank: Kazakhstan Fintech Holding Kaspi.kz (JSC Kaspi.kz) has applied for an IPO on NASDAQ Jan 1 Government: Kazakhstan began its chairmanship in the Collective Security Treaty Organization (CSTO) on Jan 1, 2024. Jan 4 CPC: The company increased oil shipments by 8% y-o-y to 63.5 mln tons in 2023 Jan 9 National Nuclear Company: Kazatomprom has received a certificate for the production of fuel assemblies for Chinese nuclear power plants Bureau of National Statistics: CPI in Kazakhstan in December was 0.8% m-o-m (9.8% y-o-y) KazMunaiGas: The company intends to increase gas production at new fields to 6.7 bcm per year by 2030 National railways: The railway operator Kazakhstan Temir Zholy loaded over 257 mln tons of cargo for transportation in 2023 (+2% y-o-y) UN: The UN forecasts economic growth in Kazakhstan by 4.8% in 2024 and by 4% in 2025 Jan 10 World Bank: The Bank has improved Kazakhstan's GDP growth forecast to 4.3% in 2024 (vs 4% earlier), 4.5% in 2025 (vs 3.6% earlier)

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