Fitch expects Kazakhstans GDP to grow by 5% in 2012, this was stated by the director in Fitch Ratings sovereign team Charles Seville at the 6th annual conference of Fitch Ratings for Kazakhstan. At the same time, he noted that oil revenues will contribute only 1% to the real GDP growth. Seville explained that the extractive industry in not growing at such a fast pace as the non-resource sector. In Q1, Kazakhstans GDP increased by 5.6% y/y while in 2011 an increase of 7.5% was reported. The Kazakh Ministry of Economic Development and Trade forecasts GDP growth at the level of 6%, similar prediction was recently made by the IMF. |
Kazakhstan is in talks over McDonald's enter to the Kazakh market, President of the Eurasian Franchising Association, Beknur Kissikov has said. He added that the main reasons that McDonald's is ... more
Kazakhstan will establish institute for energy and energy effectiveness, deputy PM and Minister of Industry and New technologies Aset Isekeshev has informed. The new entity should start operating ... more
Kazakhstan plans to diminish oil products imports from Russia, according to Kuandyk Kulmurzin Director of oil industry development department in Oil and Gas Ministry. He explained that the reason ... more