In 2021 the country’s GDP grew by 4%. The real sector of the economy was the main driver of that steady economic growth. According to Prime Minister Alikhan Smailov, industrial output increased 3.8% last year.
KazMunayGaz, the national oil and gas company in Kazakhstan won’t acquire oilfield service companies, according to the country's Ministry of Energy.
President Kassym-Jomart Tokayev has ordered the government to determine the maximum area of land a person can own. A special team of experts has to get this task done by May 1.
In 2021, the National Fund of Kazakhstan’s assets decreased to $55.3 billion as the authorities withdrew $10.4 billion and put back just $6.2 billion, according to Galymzhan Pirmatov, the new head of the National Bank.
According to Almasadam Satkaliyev, head of Samruk-Kazyna, the national wealth fund in Kazakhstan, the holding plans to cut staff in its companies and save about $232 million by the end of the year.