The Baikonur Report 31-Mar-2019
Top 3 Company Headlines
Microsoft Kazakhstan to assist domestic companies integrate AI technology (Astana Times 18-Mar)
Kostanai car manufacturer expanding export markets (Kazakh-tv 19-Mar)
Goldman Sachs Group boosts KAZ Minerals (LON:KAZ) price target to GBX 600 (PR 22-Mar)
Top 3 Macro and Risk Headlines
President Nazarbayev to step down after three decades (Financial Times 19-Mar)
Central bank keeps rate at 9.25% (Reuters 04-Mar)
S&P affirms Kazakhstan’s credit rating at BBB (Astana Times 18-Mar)
The Baikonur's View
The sudden resignation of President Nazarbayev came as a surprise. While giving way to a new generation of leaders, he retains control in key positions. The Baikonur believes major changes are unlikely. Foreign policy remains unchanged.
Investment from France in solar energy and loans from the ADB are starting to pave a way for the sustainable energy sector. The Baikonur sees new opportunities within the sector and is optimistic.
Fun Fact: WHO studies reveal Kazakhstan has among the highest levels of salt intake globally (WHO 07-Mar)