The national economy shrank by a record 2.6% in 2020 since the early 2000s, but the extent of the decline could have been more significant. The Government’s anti-crisis
The national economy shrank by a record 2.6% in 2020 since the early 2000s, but the extent of the decline could have been more significant. The Government’s anti-crisis
Business activity of enterprises is gradually recovering from the decline in April to a multi-year low. The growth of their profitability is promoted both by the transition to
As of September 1, 2020, the total trade turnover of Kazakhstan amounted to 55.6 billion US dollars. At the same time, 29% of sales are in the EU
The coronavirus outbreak changed the world. If countries initially thought about how to prevent the spread of the virus, now they face an equally significant task-to save their
Traditionally, on July 6, Kazakhstan celebrates Capital Day. Our capital is one of the fastest growing cities in the world. The Nur-Sultan city has undergone a transformation from
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
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%.
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
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
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,