Kazakhstan

Kazakhstan: Militant angle to Bloody January events strains under scrutiny

Eurasianet November 8, 2022

The president claimed “trained militants” were behind nationwide unrest in January. Ten months later, no evidence has come to light supporting his claim.

Kazakhstan's sovereign wealth fund to sell 5% stake in national oil company KazMunayGaz

Kanat Shaku in Almaty November 8, 2022

Plans are modest compared to privatisation proposals floated in the past.

Eurasian central bank governors battling inflation with mixed success

Ben Aris In Samarkand November 7, 2022

Inflation appears to be under control in Uzbekistan and to have peaked in Georgia and Armenia, but with prices still rising in Kazakhstan the regulator is ready to raise rates “as much as necessary,” the countries' central bank governors said.

bneGREEN: No fairness but some hope at COP27

Richard Lockhart in Edinburgh November 5, 2022

COP26 has not delivered so far on the promises made in Glasgow in November 2021, with companies failing to move towards zero emissions pledges and the world as a whole not meeting the targets and aspirations laid down.

Kazakhstan: Tokayev’s election campaign strives for legitimacy bump

Zholdas Oristbayev for Eurasianet November 4, 2022

President Kassym-Jomart Tokayev’s team sees re-election with a sweeping mandate as the end to a transition that began in 2019.

Kazakhstan manufacturing PMI signals stabilisation in October

bne IntelIiNews November 2, 2022

Output, howevr, fell for the second month running as difficulties with sourcing materials continued.

Kazakhstan: Oil-rich west to become green hydrogen hub

Joanna Lillis for Eurasianet October 29, 2022

The plan is to turn waters from the Caspian Sea into clean hydrogen for export.

bneGREEN: Climate window set to slam shut, warns Guterres

Richard Lockhart in Edinburgh October 28, 2022

The world is heading for a 2.8°C rise in global warming by 2100 unless governments urgently improve their emissions targets, the UN warned, otherwise the window of opportunity to take the required climate action will slam shut.

Chunky rate hike introduced in Kazakhstan as fleeing Russians drive up consumer prices

bne IntelIiNews October 28, 2022

Benchmark raised 150 basis points to 16%, the highest it has been in six years. Inflation stands at 19.7%.

bneGREEN: Carbon emissions to peak in “historic turning point” IEA says

Ben Aris in Berlin October 28, 2022

Global carbon emissions will peak in 2025 as the world reaches a “historic turning point” and governments pour investment into renewables to counteract the energy crisis that has gripped the world this year.

bneGREEN: Flattening the emissions curve: too slow, too late, say UN climate scientists

Richard Lockhart in Edinburgh October 27, 2022

The combined climate pledges of 193 governments would limit global warming to 2.5°C by 2100, way above the Paris Agreement goals of 1.5°C.

MACRO ADVISORY: Great Game 3.0: The Politics of Rail

Chris Weafer of Macro-Advisory in Moscow October 25, 2022

Russia and China are the dominant trade and investment partners for Central Asian countries. But their dominance in the region is now being challenged by Turkey and Iran in a return to the "Great Game."

Kazakhstan profits from global sunflower shortage

Joanna Lillis for Eurasianet October 24, 2022

With Ukraine’s sunflower exports forecast to plummet this year, Kazakhstan is moving to fill the gap.

IMF increases global inflation outlook in 2022 to 9.9%

bne IntelliNews October 24, 2022

The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 9.9% on average.

Kazakhstan new home to 50 international firms that opted for Russia exit, 50 more could be on the way

Kanat Shaku in Almaty October 21, 2022

Kazakhs, Kyrgyz and Uzbeks all looking to make the most out of relocations.

Emerging Europe is growing faster than expected this year but will stagnate in 2023, says wiiw

Robert Anderson in Prague October 20, 2022

For 2023 the wiiw has revised its forecasts down, and overall Emerging Europe growth will average just 0.3%, barely above the 0.2% predicted for the Eurozone.

CENTRAL ASIA BLOG: Is the Middle Corridor all it’s cracked up to be?

Kanat Shaku in Almaty October 15, 2022

Avoiding sanctioned Russia in shipping freight between East Asia and Europe is a new difficulty for the cargo industry. The big alternative is the Trans-Caspian International Transport Route. Analysts wonder if it can take the strain.

Too early to call time on the CSTO

Kamila Ibragimova, Peter Leonard for Eurasianet October 14, 2022

More than a military alliance analogous to Nato, the bloc is a political entity. But analysts have never agreed on its exact purpose.

bneGREEN: Clearer ESG rules needed in booming green bond market

Richard Lockhart in Edinburgh October 13, 2022

The global green bond market was worth $552bn in 2021, accounting for 53% of all green, social and sustainability issuances, according to a recent report from Fitch.

Kazakh GDP grows 2.8% y/y in Jan-Sept

bne IntelIiNews October 13, 2022

Foreign trade, meanwhile, expanded 36.3%, reaching $86.3bn.

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