The European Bank for Reconstruction and Development (EBRD) invested $630 million in 18 projects in Kazakhstan in 2021, reported the bank’s press service. Forty percent of projects are aimed at promoting the green economy. The EBRD will also support Kazakhstan in implementing its long-term cooperation strategy to achieve carbon neutrality by 2060. Overall, the bank … Read more
The direct losses of Kazakhstan’s GDP in 2022 after the January events, when the economic activity weakened, may reach 0.15-0.2 percentage points, according to the forecast by Evgeniy Vinokurov, expert of the Eurasian Development Bank (EABR). Despite the slowdown in economic activity in Kazakhstan this month, the EABR believes this effect will soon be mitigated. … Read more
The government of Kazakhstan has officially introduced an eviction ban which is going to last until April 20, 2022. This statement has been announced today on January 18 by Minister of National Economy Alibek Kuantyrov. This is a part of the broader plan developed by the Cabinet to stabilize the social and economic situation in … Read more
NUR-SULTAN. KAZINFORM All the second-tier banks of Kazakhstan return to normal nationwide, except for those located in Almaty and Taldykorgan cities, Kazinform reports. Some bank affiliates work in Almaty with restrictions. Second-tier banks resumed their operations.All the banks provide services through mobile applications, the agency for financial market development and regulation reports. Besides, all the … Read more