Economy

ASTANA, Jan 22 (Reuters) - Kazakhstan, its economy slowly recovering from the global economic downturn, cut its 2010 growth forecast on Friday after recording better than expected results for 2009.

VIENNA – Kazakhstan is not ready to supply gas to Nabucco at this stage, but Astana is willing to consider supporting the gas pipeline to Austria as the former Soviet Republic develops its gas resources, and if the project makes sense economically, top Kazakh officials told New Europe in Vienna on 13 January.

Kazakhstan is becoming a "pure China play," supporting the country's economic growth and bolstering the equity market as links increase with the world's fastest growing major economy, according to Troika Dialog.

(SRI) - The 2010 budget for the development of the Kashagan field in Kazakhstan could be cut to $7.4 billion from an earlier plan of $10.4 billion, Kazakh state oil and gas company KazMunaiGas (KMG) proposed last week.

Prime Minister Vladimir Putin on Wednesday said Russia had won Turkey's backing for Moscow to build a key section of a new gas pipeline seen as a rival of an EU-backed project in Turkish waters.

LONDON -(Dow Jones)- Kazakhmys PLC (KAZ.LN) Wednesday said it has signed a $200 million loan facility with China Development Bank Corp. and Kazakh sovereign wealth fund JSC Samruk-Kazyna to develop existing mining projects, the latest installment from a $2.7 billion finance package.

mailChina is in an unfortunate position regarding their energy consumption.

masimov_1Karim Massimov defends growing links with China


tengeKazakhstan's central bank widened the corridor used to control the exchange rate of the national currency against the dollar.

 

Kazakhstan's economic performance in 2010 will be closely correlated to international macroeconomic developments and trends in world commodity markets.

 


 

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