Kazakh foreign trade surplus shrank to USD 24.5bn in Jan-Aug, down from USD 29.2bn reported in the same period of previous year, according to the State Stat Agency. Exports shrank by 5.1% y/y to USD 55.2bn while imports expanded by 5.7% y/y to USD 30.7bn. Kazakhstan exported mainly to Italy (17.3% share in total exports), China (16.4%), Netherlands (13%), France (7.3%) and Russia (6.9%). On the other hand, imports came mainly from Russia (36.2%), China (17.4%), Ukraine (5.4%), the USA (5%) and Germany (4.8%). Kazakhstan exports are dominated by oil and metals.
Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire 100% interest in Lynx Resources Limited, the owner of the SASA zinc-lead mine ... more
Czech company Liglass Trading has threatened Kyrgyzstan with international arbitration for the annulling of contracts to build and run 12 hydroelectric power plants, Reuters ... more
Kazakh President Nursultan Nazarbayev on September 19 caused a stir by meeting with a leading Kyrgyz presidential candidate, Omurbek Babanov, ahead of the Kyrgyz elections scheduled for October 15. ... more