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Country data

Population:
15.9 million
Area:
2,728,000 sq km
Capital:
Astana
Currency:
Tenge

Key developments and challenges

  • GDP growth has been decelerating, but remains relatively strong. It slowed, from over 7 per cent in 2011 to 5 per cent in 2012 and 5.1 per cent in the first half of 2013, year-on-year, against the backdrop of weaker external demand.
  • De-licensing reforms have advanced. The list of activities subject to licences and permits has been reduced by around by 30 per cent, and a larger number of permits can now be issued on a notification basis. The reform complements earlier measures designed to make it easier to start a business and resolve insolvency.
  • The government launched the "People’s initial Public Offering (IPO)" programme. In a pilot placement, a 10 per cent stake in Kaztransoil – an oil pipeline company – was sold to individuals, pension funds and other investors.

Kazakhstan in the 2013 Transition Report

People in Kazakhstan

Our work in Kazakhstan

In Kazakhstan we are helping to diversify the economy, develop the financial sector and improve power and energy.

Kazakhstan

Key facts about the EBRD's work in Kazakhstan

No. of projects

170

Net EBRD investment

€4.7 billion

Gross disbursements

€3.0 billion

Portfolio in private sector

56%

 

Last updated 31 March 2014

View factsheet


Our strategy in Kazakhstan

EBRD will assist Kazakhstan promote economic diversification and move towards a more sustainable model of financial development.

In developing the financial sector, the EBRD will work with Kazak authorities and other IFIs to help formulate a sustainable financial model. It will also work towards transforming the infrastructure sectors - pivotal to further economic diversification and longer-term sustainable growth.

Read strategy

CONTACTS

Janet Heckman, Director, Kazakhstan

Tel: +7 727 3320000
Email: heckmanj@ebrd.com

Almaty office
41 Kazybek Bi street
Business Center “Park Palace”
3rd entrance, 3rd Floor
050010 Almaty
Kazakhstan
Tel: +7 727 3320000
Fax: +7 7272 581 422

Astana office
12, Samal microdistrict
Astana Tower Business Centre
010000 Astana
Kazakhstan
Tel: +7 7172 580 204
Fax: +7 7172 580 201
Head of office: Anara Omarova