Kazakhstan: Bi-Weekly Economic News Summary

RUSSIA ECONOMICS - In Brief 29 Apr 2022 by Alexander Kudrin

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April 14Bureau of National Statistics: Kazakhstan's industrial output moved up by 5.8% in annual terms in the first three months of 2022Ministry of Finance: Kazakhstan's economy may lose about KZT300 bln ($666.4 mln) in 2022 from anti-Russian sanctions as well as the situation in Ukraine in general, and damage to the terminals of the Caspian Pipeline Consortium (CPC).April 15Bureau of National Statistics: Crude oil production in Kazakhstan in January-March 2022 reached 19.47 mln tons, which is 8.6% more than in the same period of 2021. The production of natural gas in January-March 2022 amounted to 6,132 billion cubic meters (a decrease of 2.6% y-o-y).Bureau of National Statistics: Kazakhstan's foreign trade balance in January-February 2022 reached $6.012 bln, which is 2.6 times higher than in January-February 2021.Bureau of National Statistics: The production of steel in Kazakhstan in January-March 2022 decreased by 3% y-o-y - to 1,079 mln tons.April 20National Bank: Deputy Chairman of the National Bank of the Republic Vitaly Tutushkin said Kazakhstan is working on the inclusion of Sovereign bonds in the JPMorgan bond indices.April 21IMF: IMF forecasts Kazakhstan’s economic growth at 2.3% in 2022, down from the 4% growth reached last year.April 24CPC: The Caspian Pipeline Consortium (CPC) resumed pumping oil in normal mode after a month of repair works.April 25National Bank: The National Bank of Kazakhstan increased the base rate by 50 bps to 14%April 28National Bank: Total credit provided by Kazakh banks to the national economy in the first quarter of 2022 increased by 3.9% q-o-q to KZT19.226 trln and in March alone - by 0.6% m-o-mApril 29President: Kassym-Jomart Tok...