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.
A Belgian court has lifted a freeze on Kazakh National Fund assets worth $21.5bn imposed as part of a dispute with Moldovan oligarch Anatolie Stati, the Kazakh justice ministry said on May 30. It ... more
Kazakhstan’s soon-to-be financial hub, Astana International Financial Centre (AIFC), is seeking exclusive rights on initial public offerings (IPOs) of the largest state-run ... more
The Moscow-led Eurasian Economic Union (EEU) and Iran have signed an interim free trade agreement (FTA), TASS reported on May 17. “The provisional agreement includes an initial list of goods, ... more