Kazakhstan chemical companies are able to strengthen their positions in world market - Schkolnik
Astana. November 4. Kazakhstan Today - Kazakhstan chemical companies are able to strengthen their positions in the world market. The Minister of Idustry and Commerce, Vladimir Shkolnik, informed today during the government session, the agency reports.
"The Republic has formed modern chemical industry based on complex processing of mineral raw materials with the organization of consecutive technologically interconnected manufactures directed at provision of the demands of the home market and increase of export potential."
One of the perspective directions of development of the chemical industry - increase of volumes of manufacture and expansion of assortment of mineral fertilizers, organization of manufacture of pesticides, creation of capacities of manufacture of sulfuric acid, ammonia, improvement of technologies of processing of mineral fertilizers, chemicals and reagents by their replacement to innovative, and creation of new chemical manufactures."
The Prime Minister of Kazakhstan, Karim Masimov, approved the main directions of development of the chemical industry of Kazakhstan.
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Annual inflation in February and March continued to decrease, albeit at a slower pace. Inflation expectations have slightly decreased but remain at a relatively high level. The external inflation background continues to be neutral with the ongoing trend of declining grain prices in global markets. Within the domestic economy, inflationary pressure persists due to robust internal demand and unanchored inflation expectations," reads the bank’s official statement.
In the current circumstances, there is still limited room for easing monetary policy. This space will begin to form with the stable reduction of the stable part of inflation," it said.
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The Federal Reserve notes that inflation in the United States still remains high. In March, the annual inflation rate increased to 3.5%, accelerating for the second consecutive month. According to the Fed's rhetoric, the current monetary and credit conditions will continue going forward. In Russia - a key trading partner of Kazakhstan, inflation in March remained at 7.7%. According to the statement from the Russian regulator, achieving the inflation target involves a prolonged period of maintaining tight monetary and credit conditions," said Suleimenov.
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