Kazakhstan

CEE companies weather the COVID-19 crisis

Robert Anderson in Prague May 23, 2022

Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.

Amid sanctions, Kazakh firm stops supplying Russian steelworks

Joanna Lillis for Eurasianet May 19, 2022

Kazakh companies are treading carefully doing business with Russia.

Lukashenko hits out at lack of unity shown by member nations of Russia-led military bloc

bne IntelIiNews May 17, 2022

In front of Putin in Moscow, Belarusian dictator addresses counterparts from Kazakhstan, Kyrgyzstan, Tajikistan and Armenia.

bneGREEN: Climate change, war in Ukraine and rising prices create perfect storm threatening global food security

bne IntelliNews May 13, 2022

The war in Ukraine has interrupted grain exports from the country and could create a global food crisis as vulnerable wheat importing countries in Africa and the Middle East face shortages and rising prices.

EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

PMI data show Kazakh manufacturing sector remaining in contraction territory in April

bne IntelIiNews May 4, 2022

New orders decreased for fifth successive month due to price hikes and lack of customers. Rate of decline eased significantly from previous month, however, as some firms able to secure new business.

Will landlocked Kazakhstan prove a lure for Russian beach bums?

Joanna Lillis for Eurasianet May 2, 2022

Kazakhstan is set to become the new Turkey, according to enthusiastic sales pitches from Russian travel agencies.

NEMETHY: How will the war in Ukraine affect Emerging Markets?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 2, 2022

We have all heard the adage that a butterfly flapping its wings in the Amazon could affect the weather patterns on the other side of the planet. Might the war in Ukraine also have such unintended consequences?

Kremlin ‘attack dog’ unsettles Kazakhs who fear Russia’s territorial ambitions

bne IntelIiNews April 28, 2022

Talk show anchor who suggested Kazakhstan might suffer same fate as Ukraine prompts memories of Vladimir Putin once stating that historically “the Kazakhs never had statehood”.

Kazakh businesses reliant on Russia for re-exports wary of knock-on effects of war sanctions

Nizom Khodjayev in Almaty April 27, 2022

Traders in Kazakhstan, meanwhile, see opportunities in building up re-exports to the Russian market.

Kazakhstan: CPC pipeline resumes working after a month of inactivity

Almaz Kumenov for Eurasianet April 26, 2022

Repairs took place a few days after Kazakh officials met with CPC management in Moscow.

New shipping interest in river linking Kazakhstan, China to Arctic Ocean via Russia

bne IntelIiNews April 22, 2022

Russian, Kazakh officials see potential of the Irtysh, the longest tributary river in the world, as under-exploited.

Sanctioned Russian banks seeking way out of Kazakhstan

Almaz Kumenov for Eurasianet April 21, 2022

Alfa-Bank Kazakhstan has been fully bought out by Kazakh peer CenterCredit.

Kazakhstan braces for fresh weakening of tenge in May amid Ukraine war uncertainy

Nizom Khodjayev in Almaty April 18, 2022

Analyst notes currency reacts to rate of ruble against dollar more than it does to oil price or any other factors.

Kazakhstan bolsters defences amid Russian invasion of Ukraine

Almaz Kumenov for Eurasianet April 15, 2022

In its current state, Kazakhstan’s army is in little condition to discourage sabre-rattling from the north.

Russians flock to Central Asia to open sanctions-busting bank accounts

Joanna Lillis for Eurasianet April 8, 2022

Some 10,000 Russian citizens have received personal identification numbers in Kazakhstan since Russia invaded Ukraine.

Kazakhstan seeks to thread diplomatic needle over Russia’s Ukraine war

Chris Rickleton for Eurasianet April 6, 2022

Diplomats are trying to put distance between Nur-Sultan and Moscow, but Tokayev wants to show he is still loyal.

LONG READ: Afghanistan key to uncorking Russia's access to South Asia

bne IntelIiNews April 4, 2022

To the West, Russia is once more viewed as an international pariah. For a viable economic path, Moscow must look east and south across Asia. Afghanistan as well as Central Asia could be crucial to its plans.

Kazakh manufacturing PMI returns to contraction territory following Ukraine invasion

Kanat Shaku in Almaty April 4, 2022

Currency depreciation and squeezed availability of inputs linked to sanctions effects on Russia send index down to 46.8 in March.

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