PPI inflation made up 2.8% y/y in July, the State Stat Agency has informed. In m/m terms, inflation stood at 1.8%. Prices in the mining sector went up by 2.9% m/m while in the manufacturing industry decreased by 0.7% m/m. Prices for the produced goods went up by 1.8% m/m while for production services grew by 0.8% m/m. Among goods, prices went up for gas condensate (17.4% m/m), natural gas (3.3% m/m), black oil (1.6% m/m) and crude oil (by 1.2%). On the other hand, prices for petrol went down by 1.8% m/m, propane-butane by 1.6% m/m and for coal – by 1.2% m/m.
Kazakhstan’s Bank of Astana (Astana Banki) plans to conduct a secondary offering of shares (SPO) on the Moscow Stock Exchange, RNS news agency reported last week. Bidding will begin on December 14. ... more
Kyrgyzstan is to withdraw its complaint filed with the World Trade Organization (WTO) over Kazakhstan’s moves to tighten controls on the Kazakh-Kyrgyz border introduced in ... more
Dozens of striking copper miners demanding wage hikes in Kazakhstan's Qaraghandy region are refusing to return to the surface, RFE/RL reported on November 30, citing activists ... more