Finance | FinReview - Part 2

Finance

Reviews
22 April 2020

Kazakhstan's economy, while maintaining current oil prices, will lose from 2.3% to 2.7% of GDP per year

But even in this situation, the accumulated international reserves of Kazakhstan will allow supporting the national economy for 15 years. That is, Kazakhstan has great potential to survive


Reviews
9 April 2020

BANKS AND DELAY: WILL THE SYSTEM SUPPORT THREE MONTHS WITHOUT PAYMENTS?

Under the state of emergency in the country caused by the coronavirus pandemic, the most important issues for stabilizing the economy were support measures for SMBs and the


Reviews
7 April 2020

How to increase the profitability of light industry to 900 billion tenge per year?

Now the industry’s profitability is about 45 billion tenge. In the structure of GDP, light industry forms 0.2%, while domestic enterprises cover the consumer market by only 7%.


Reviews
30 March 2020

398.3 billion tenge were earned Kazakhstan companies by cargo transportation

About 30% of sector profitability is lost due to high costs and low digitalization. For example, depreciation for certain types of transport infrastructure takes from 40% to 100%,


Reviews
23 March 2020

Expenses of the insurance market of the Kazakhstan increased by 37%, and net profit – by 3%. This may result in loss

In the coming years, insurance companies in Kazakhstan will need quality development. In 2019, their expenses grew faster than incomes, and the growth in net profit for the


Reviews
13 March 2020

20% of SMEs generate more than half of the sector’s profits

As of February 1, 2020, 1.3 million SMEs are operating in Kazakhstan. However, more than 60% of their income is generated by only a fifth of enterprises. That


Reviews
4 March 2020

Profitability of the tourism sector may increase to 200 billion KZT per year

In 2019, the contribution of tourism to the country’s economy amounted to 5.6%, while by 2025 it is planned to increase this figure to 8%. For that purpose,


Reviews
25 February 2020

The development of the commercial sector is slowing down due to the increased demand of the population for housing

In 2019, the trade sector became a key driver of the growth of the national economy. However, for the third year in a row, retail growth has been


Reviews
18 February 2020

The construction sector might ensure GDP growth by 4.5% in 2020

The amount of construction work in 2019 increased by 14%, it allowed construction companies receive 983.4 billion tenge, which is considered to be as a record profit over


Reviews
13 February 2020

Mining sector provides more than 40% of state income and 15% of GDP

In 2019, Kazakhstan’s GDP growth was 4.5% due to increased demand on the consumer market, increased industrial production and increased investment activity. Which sectors of the economy were