Kazakhstan: Bi-Weekly Economic News Summary

KAZAKHSTAN - In Brief 23 Jun 2022 by Alexander Kudrin

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June 10 EBRD: Kazakhstan's Baiterek is discussing the purchase of the Russian Sberbank subsidiary in the country, the EBRD is ready to provide financing Alstom: The French company Alstom plans to invest more than EUR 50 mln in new projects in Kazakhstan June 13 Ex-president Nursultan Nazarbayev: The first President of Kazakhstan Nursultan Nazarbayev met with the President of the Russian Federation Vladimir Putin in Moscow June 13 Ministry of Economy: Kazakhstan's GDP grew by 4.6% in January-May 2022 June 15 Ministry of Agriculture: Kazakhstan has extended quotas for wheat and flour exports until September 30 President: Kazakhstan President Kassym-Jomart Tokayev said country Kazakhstan intends to withdraw from neither the Eurasian Economic Union nor the Collective Security Treaty Organization Ministry of Communications of Latvia: The volume of rail freight traffic in Latvia in 5M22 increased by 20.5% y-o-y. The volume of cargo from Kazakhstan increased y-o-y by a factor of 76 to 2.4 mln ton June 16 Bureau of National Statistics: Kazakhstan’s industrial production grew by 4.4% y-o-y in Jan-May Bureau of National Statistics: Agricultural production reached KZT1.3 trln in Jan-May 2022 (+1.3% y-o-y in real terms) Bureau of National Statistics: Investments in fixed assets in Jan-May 2022 grew by 2.5% y-o-y to KZT3.3 trln Bureau of National Statistics: Kazakhstan’s foreign trade balance reached $13.3 bln in Jan-Apr (2.5x y-o-y) Bureau of National Statistics: Oil production in Jan-May 2022 grew by 5.1% y-o-y to 31.9 mln tons Bureau of National Statistics: Production of raw steel in Jan-May 2022 contracted by 2.9% y-o-y to 1.8 mln tons Bureau of National Statistics: Cargo turno...