Strategic Eurasian business opportunities and geo politics 2013-2050 Energy projects, Oil and Gas, Pipeline Politics, Banking and Finance, Food processing : Kazakhstan has the worlds biggest ratio of natural resources per capital and one of the fastest growing emerging market. The country is very dependant on commodity prices as shown in recent crises in 2008 and now has The National Fund of Kazakhstan is now 100% invested abroad and provides a cushion as it is a very high percentage of GDP.
Nordic Partnership + 44 0207 193 3604 www.nordicpartnership.com

Saturday, 20 April 2013

Kazakhstan country profile

A huge country the size of Western Europe, Kazakhstan has vast mineral resources and enormous economic potential.
Map of Kazakhstan















The varied landscape stretches from the mountainous, heavily populated regions of the east to the sparsely populated, energy-rich lowlands in the west, and from the industrialised north, with its Siberian climate and terrain, through the arid, empty steppes of the centre, to the fertile south.

OVERVIEW

Astana, capital of Kazakhstan





Astana: Oil money is driving the new capital's development

Ethnically the country is as diverse, with the Kazakhs making up over half the population, 
the Russians comprising just over a quarter, and smaller minorities of Uzbeks, Koreans, 
Chechens and others accounting for the rest.
These groups generally live in harmony, though Russians resent the lack of dual citizenship 
and having to pass a Kazakh-language test in order to work for state agencies. 
Since independence many ethnic Russians have emigrated to Russia.


The main religion, Islam, was suppressed like all others under Communist rule, but has enjoyed a revival since the collapse of the Soviet Union.
There has been major foreign investment in the Caspian oil sector, bringing rapid 
economic growth, averaging about 8% in the decade since 2000. By 2010, per capita 
gross domestic product was estimated to have grown more than tenfold since the mid-nineties.
An oil pipeline linking the Tengiz oil field in western Kazakhstan to the Russian Black Sea port 
of Novorossiysk opened in 2001. In 2008, Kazakhstan began pumping some oil exports through 
the Baku-Tbilisi-Ceyhan pipeline, as part of a drive to lessen its dependence on Russia as a 
transit country. A pipeline to China opened in late 2005.
Kazakhstan is also the world's largest producer of uranium.
In the 1990s, a small minority of Kazakhs grew very rich after independence through 
privatization and other business deals which opposition politicians alleged to have been 
corrupt, while many Kazakhs suffered from the initial negative impact of economic reform.
However, as a result of the growth since 2010, inequality is now less pronounced than in 
other Central Asian countries, and unemployment is low by regional standards. 
Some economic challenges remain, though, including persistently high inflation.
The people of Kazakhstan also have to live with the aftermath of Soviet-era nuclear 
testing and toxic waste dumping, as well as with growing drug addiction levels and a growing 
incidence of HIV/Aids. Inefficient Soviet irrigation projects led to severe shrinkage of the 
heavily polluted Aral Sea.

No comments:

Post a Comment