Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 12 Jun 2025 by Evgeny Gavrilenkov
May 29 Finance Ministry: Kazakhstan has not yet decided on the parameters for issuing Eurobonds, and is waiting for the market situation to improve. Agency for Regulation and Development of the Financial Market: Banks from Southeast Asia and Eastern Europe are considering entering the Kazakh market, albeit there are no decisions yet. Energy Ministry: The Government has no right to oblige international consortia developing the largest fields of the republic to reduce oil production to fulfill obligations to OPEC+. Energy Ministry: OPEC will change the methodology for determining reference production levels "for a fair distribution of quotas". Energy Ministry: Kazakhstan notified OPEC about the absence of plans to reduce oil production. President: Kazakhstan considers Russia as a strategic partner and believes that CPC is a proper way for exporting Kazakhstan's oil to European markets. May 30 IMF: The Fund recommends Kazakhstan to monitor carefully the vulnerability factors of the banking sector to limit the risks to financial stability. IMF: Kazakhstan's non-oil budget deficit may exceed 8% of GDP in 2025. President: Kazakhstan's economy will grow by at least 5.5% in 2025. President: Kazakhstan has no plans to join BRICS in the near future. President: Kazakhstan is ready to increase oil exports to Italy. Jun 2 NBK: The Bank sold $417 mln (received from gold exports) on the domestic FX market in May. Economics Ministry: Kazakhstan's GDP growth in 4M25 reached 6% y-o-y Bureau of National Statistics: Inflation in Kazakhstan in May 2025 was 0.9% m-o-m (11.3% y-o-y) Jun 3 Grain Union: High demand from Iran will allow Kazakhstan to increase exports of barley by 6% y-o-y in th...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 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.