Browsing documents with the theme of Kazakhstan
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Technology Series – Central Asia: Middle Earth is switching on
This is the fourth in a series of introductions to Smart City programs which have been launched, or which are planned, across the CIS-Eurasia region. Other reports in the series look separately at programs in Belarus, Ukraine, the Caucasus and Russia. These reports aim only to provide an overview of existing smart city and technology projects and of current and future State plans for developing “e-” and technology projects in each of the countries across the region.
Kazakhstan Update: The Twin Peaks Challenge
Strong growth based on oil. Kazakhstan’s economy grew by 4% YoY last year (from 1% in 2016) and looks set to replicate that strong growth again this year. The key driver of last year’s recovery and this year’s expected growth is the combination of rising oil output and the oil price recovery.
Kazakhstan refines its oil strategy
Reliance on hydrocarbons is increasing. While the government talks about diversification the reality is much greater emphasis and visible progress in expanding oil and gas activities. Kashagan output rising steadily. The country produced an average of 1.73 mln barrels of oil per day last year, up by 10.5% from 2016. Most of that extra oil came from the Kashagan field, which finally started producing in late 2016 and will soon plateau at 370,000 barrels per day. Total Kazakhstan production is set to reach at least 2.15 mbpd by 2023. Kazakhstan is out of the OPEC deal.
Russia Macro-Politics December Monthly: Tempered holiday mood
Investors and government are waiting for sanctions. The CAATS act requires that the US government must draw up a list of “Putin’s inner circle” to be sanctioned and to report on the viability of bans on purchases of Russian debt by the end of January 2018. Capital markets are largely flat with low volumes as investors wait to see what happens next in Q1 or 1H18. Russian indices are set to underperform global peers by approximately 30% this year.
Transcript of Macro-Advisory’s 2017 Autumn Briefing
Speaker: Dmitry Pankin, Chairman of the Management Board, Eurasian Development Bank
Mr Pankin spoke about developments in the Eurasian Economic Union, sanctions, and the One Belt, One Road project.
Russia Macro: Is Moscow facing a winter of “content”? – October 2017
Another good month. GDP growth was 2.3% in August, up from 1.8% in July. This came from good performances in industry and agriculture, and continuing recovery in the consumer sector. Construction is also strong, up 6.1% in August.
Eurasian Economic Union: Consolidation and Progress Continues
Not much has changed in the EaEU since our last report, but this sort of integration process does not move quickly, as the experience of the EU shows. The EU experience is also important when interpreting intra-EaEU friction, such as that between Russia and Belarus. This is inevitable when countries have diverging bilateral interests. The EaEU exists to create a forum where these can be resolved, but not eradicated. We see a little more flesh on the links between the EaEU and the One Belt One Road strategy, but both projects are moving slowly.
Macro-Advisory Macro Monthly November 2016
Confidence rebounds. The consumer confidence numbers were up sharply in the third quarter, as were the October PMI manufacturing numbers.
Kazakhstan: 3-D Printing a New Economy
Radical changes. After spending several years of trying to mitigate the impact of the currency collapse and economic slowdown, the government has adopted a radical program to try and revive the economy and attract a bigger volume of inward investment. This includes: Higher budget spending and a 3% deficit; Build up debt and take more money from the National Fund; Take the bad assets from banks into a Bad Bank; Tackling high-level corruption; Changes in government; Constitutional changes aimed at calming concerns over succession.
3rd phase of modernization. The Nurly Zhol modernization program has been re-invigorated with the aim of creating much greater diversification in the economy and boosting the role of SMEs.
3-D printing and food processing. Key target industries include agriculture, food processing, transport & logistics, financial services and technology. The government has particularly highlighted 3-D printing as an industry in which it wants to see Kazakhstan take a lead.
Kazakhstan key macroeconomic data and forecasts, 2012-17
Kazakhstan historical data and Macro-Advisory Ltd proprietary forecasts for GDP growth, inflation, unemployment, state budget, current account and currency.