Economy

Go to archive

In January-June 2019, gasoline production in Kazakhstan increased by 12.8% year on year to reach 1,975.9 thousand tons.

Kazakhstan produced 37.9 mln tons of oil in the first half of 2019 that is 1.5% less than in the same period of 2018.

Governor of the National Bank of Kazakhstan Yerbolat Dossayev has reported today on the debt relief instruction implementation during an enlarged meeting of the Government chaired by the President of the Republic of Kazakhstan.

As per preliminary data, mutual trade turnover between the Republic of Kazakhstan and the countries of the Eurasian Economic Union in January-May 2019 made $7bn802.9mn in monetary terms. This is 0.1% less compared to the same period in 2018.

With global economic growth expected to remain at 3.2% in 2020, world oil demand in 2020 is forecast to grow by 1.14 mb/d y-o-y, according to OPEC Monthly Oil Market Report (MOMR) released on Thursday.

South Korea decided Friday to raise the minimum wage for next year by 2.9 percent, the slowest growth in a decade, as it took into account an economic slowdown and sluggish job growth.

Deutsche Bank, the largest commercial bank in Germany, announced on Sunday that it will withdraw from the global stock trading business as part of a restructuring plan to improve its profitability.

"The total amount of the EBRD investments into Kazakhstan exceeded USD 9 bln, including USD 450 mln channeled this year".

Today, upon invitation of the US Secretary of State Mike Pompeo Kazakhstan's Foreign Minister Beibut Atamkulov begins his official visit to the United States of America.

Kazakhstan demonstrates its agricultural export potential at the 6th China International Food Safety, Technology and Innovation Exhibition unveiled on June 23 in Beijing.