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Kazakh-Austrian Economic Relations - Digitization, Housing and the New Silk Road
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Published: February 11, 2019; 20:25 ♦ (Vindobona)
After the oil price collapse and the significant currency devaluation thereafter, the economic downturn has bottomed out and the Kazakh economy is experiencing a moderate upswing. For 2018, the Kazakh government again expects growth of +4%. The country's priority economic tasks include digitization, housing construction and the New Silk Road Project.
Kazakh-Austrian Economic Relations - Digitization, Housing and the New Silk Road / Picture: © Kazakh and Austrian crossed flags by Vindobona.org
According to a study by the Foreign Trade Center in Almaty of the WKO Austrian Federal Chamber of Commerce, Kazakhstan produced 86.2 million tons of oil (+10.55) in 2017.
A further increase to 87 million tonnes is expected for 2018.
In the first half of the year, production rose by 6.2% to a total of 45.2 million tonnes.
According to the National Bank, the NPLs…
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