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
How will economic policies adapt in 2020 when a quarter of the EU population is over 65? Can economics better predict how banks will react to credit crunches in the future, and what their impact will be on the wider economy?
more »
The EBRD is supporting the development of one of the first modern food retail chains in Turkmenistan with a $1.9 million equity investment in Ak Enar.
more »
While on a working visit to Ukraine, President of the Republic of Lithuania Dalia Grybauskaitė has underlined that Ukraine might become a very important energy partner for Lithuania and for the whole European Union but only transparent and open relations will lead to success in this area.
more »
On 25 November in Vilnius, Lithuania’s Vice-Minister of Foreign Affairs and President of the Nordic Investment Bank discussed the issues of the Northern Dimension Partnership on Transport and Logistics (the secretariat of which is being established at the Bank), issues of the NIB cooperation with Lithuania and perspectives of the NIB’s activities in the country.
more »
The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation.
more »
Consumer protection requires transparent and consistent trade rules, believe MEPs.
more »
The European Investment Bank (EIB) is lending CZK 2 billion (approx. EUR 76 million) to the South Moravia Region for co-financing the Region’s priority infrastructure projects supported by the EU Structural and Cohesion Funds over the period 2007 – 2013.
more »
Seeking to strengthen business partnership between Israel and Lithuania the Israel and Lithuania Chamber of Commerce has been recently established in Lithuania.
more »
AB DnB NORD Bankas, notifies that on 24 November 2009, the member of the Management Board and Executive Vice-president of AB DnB NORD Bankas dr. Jekaterina Titarenko has been appointed as Chief Financial Officer of Bank DnB NORD Group.
more »
Parliament gave its backing on Tuesday for €400 million-plus in budget aid to Serbia, Bosnia and Herzegovina, Armenia and Georgia.
more »