Export profit of Kazakhstan has decreased in the first quarter of 2002, the chief of National Bank, Mr. Gregory Marchenko announced on Thursday
Published:
12 July 2002 y., Friday
Speaking to reporters at a news conference , he said that despite the decrease in export profits, the "overall situation at country's financial market is quite positive."
The overall slump in the world market led to a sharp decrease of export profits of Kazakhstan. For the first quarter of 2002, the export of Kazakhstan totaled USD 2045 million, that is 7 percent lower than for the same period of 2001. The cost of import totaled USD 1681 milloln. And decreased in comparison with the first quarter of 2001. As a result the positive trade balance totaled USD 364 millionn.
Giving the results of the year, he said that situation in the banking sector is very stable.
There are 41 banks functioning in Kazakh banking sector, one of them international, two- state banks and 16 banks with foreign participation. The total own capital increased 3 percent, up to KZT136. 1 bln. The clear profit totaled KZT 9. 2 bln that is 2. 7 times more than for the corresponding period last year.
According to the the information of Agency on Statistics of Republic of Kazakhstan, the inflation rate in June 2002 totaled 0. 5 percent that is considerably lower than in May of the current year (0. 9 percent). One of the main reasons of such indexes is a high price for the petrol in Kazakhstan.
The level of inflation did not exceed the level marked by the government and the National bank of Kazakhstan for 2002.
"For the last three years, gold fund of the country increased four times," Mr. Marchenko said.
Currency market of Kazakhstan also kept the stability. The official rate of US dollar was fixed as 153. 27. Serious changes at the securities market also were not observed.
Šaltinis:
herald.kz
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The President of the Spanish Government, José Luis Rodríguez Zapatero, will meet this Monday with the German Chancellor, Angela Merkel, to analyse the future EU economic and employment strategy EU2020 before the Twenty-seven approve its basic lines at the Spring European Council.
more »
The planned overhaul of the EU common fisheries policy should take better account of the huge differences across European fleets and fisheries, give greater responsibility to fishing regions, address the problem of fleet overcapacity and improve the traditional quota system, according to a non-binding report adopted by Parliament on Thursday.
more »
The EMU framework and economic governance within the eurozone need to be revamped.
more »
Young people should be a priority in EU action next year, it emerged on Tuesday, as the Budgets Committee started work on the EU's 2011 budget.
more »
European Investment Bank (EIB) support for EU regional policy is crucial for tackling the economic crisis, EIB President Philippe Maystadt told the Regional Development Committee on Monday.
more »
Three thousand former car, refrigerator and construction workers in Germany and Lithuania could get €7.6 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Tuesday.
more »
Today, 22 February, the EU Council of Agriculture and Fishing in Brussels, under the chairmanship of the Spanish Minister, Elena Espinosa, will analyse the impact of the economic crisis on the Greek agricultural sector, which has experienced a drop in prices and income, with small farms that pose an obstacle for the producer for negotiating with large distribution chains.
more »
Municipal policies to tackle the crisis and their application at EU level will be discussed during the three days of the summit entitled, “Networked Local Governments for a New Europe”, which will bring together representatives from 260 cities in Barcelona.
more »
The EBRD is promoting energy efficiency and renewable energy projects in Moldova, helping the economy to reduce its energy intensity with a new €20 million credit line for on-lending to local private companies.
more »
The EBRD is lending $1.2 million to Salkyn, one of the largest ice cream producers in Turkmenistan, to help the company expand its distribution network and build up its brand.
more »