Kazakhstan

Kazakh manufacturing PMI signals stable conditions in January

Kanat Shaku in Almaty February 2, 2023

Business confidence jumps to highest level recorded since early 2021. Companies ramp up purchasing activity on expectations.

Only Hungary and Russia heading for recession in 2023 as Emerging Europe shows its resilience

Clare Nuttall in Glasgow February 1, 2023

wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.

Anglo-Russian Polymetal looks at switching listing from London to Kazakhstan

bne IntelIiNews January 26, 2023

Move might enable gold and silver miner to carve out its Russian business.

Russia forges ahead with gas ambitions in Uzbekistan, Kazakhstan

Joanna Lillis for Eurasianet January 26, 2023

Moscow is driving forward its energy ambitions in Central Asia as it seeks new markets for gas that Europe now shuns.

McOpen: Closed McDonald’s outlets in Kazakhstan relaunched with no name

bne IntelIiNews January 24, 2023

Restaurants that closed after sanctions on Russia hit supply chain are back in business with no brand on the door.

Big freeze that was feared by gas hungry Europe hits Central Asia, Iran

bne IntelliNews correspondents January 20, 2023

Tales of families sleeping in cars that are warmer than homes as cold front brings sub-zero temperatures not experienced in half a century.

Reports say Russia offered Uzbekistan gas deal but wanted Gazprom to take over country’s transmission system

bne IntelIiNews January 18, 2023

Word of rejected proposal comes as many Uzbeks shiver with no gas amid big winter freeze.

Central Asia’s shorter winters are whittling away glaciers

David Trilling for Eurasianet January 18, 2023

Glaciers are disappearing around the world. Here’s how it happens in Central Asia.

Kazakhstan closing loophole permitting Russians escaping Ukraine war call-up to stay indefinitely

bne IntelIiNews January 18, 2023

Continuous ‘three-month visa runs” no longer possible for draft dodgers from next week.

Kazakhstan to send oil to Germany via Russian pipeline

Almaz Kumenov for Eurasianet January 17, 2023

It plans to export 1.5mn tonnes of crude this way in 2023.

EBRD invests record €13.1bn into its region in 2022

bne IntelliNews January 15, 2023

The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.

Central Asian rain may be caused by Indian, Chinese pollution

David Trilling for Eurasianet January 10, 2023

New research suggests that pollution thousands of miles away may be responsible for unusually strong summer downpours in Central Asia.

OUTLOOK 2023: Kazakhstan

Nizom Khodjayev in Astana January 9, 2023

Tokayev's walking a fine line between building relations with China and the West and not upsetting the main man in the Kremlin.

Kazakhstan: One year on from Bloody January, officials stick to their story

Almaz Kumenov for Eurasianet January 6, 2023

The government narrative is vague and full of holes.

Mutual FDI in Eurasia has been dominated by Russia, but war and sanctions make the outlook uncertain

Ben Aris in Berlin January 6, 2023

Mutual FDI stock in the Commonwealth of Independent States (CIS) countries grew fast until Russia went into recession in 2012, when its GDP growth sank to zero. However, it soon started to recover, with Russia playing the leading role in the region.

Eurasian Development Bank council agrees to reduce Russia’s stake - document

bne IntelliNews January 5, 2023

Russia will lose its majority stake in the Eurasian Development Bank (EDB) after the council of the Kazakhstan-based bank approved a redistribution of member states’ shares, according to a document seen by bne IntelliNews.

McDonald’s ‘set to abandon’ Kazakhstan amid Russia sanctions impact on supplies

bne IntelIiNews January 5, 2023

Franchisee banned by US parent corporation from purchasing Russian meat supplies. Alternative sourcing would apparently mean running business at a loss.

Kazakhstan moves uranium exports through Middle Corridor

Joanna Lillis for Eurasianet January 4, 2023

Kazatomprom said it was avoiding routes across Russia due to sanctions on the country.

Belarus Corruption Watch: How companies in Central Asia help Belarus bypass Western sanctions

bne IntelliNews January 3, 2023

In a recent investigation, the Belarusian Investigative Centre has detailed how Belarusian wood working suppliers use Central Asian countries to circumvent EU sanctions.

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