Kazakhstan’s current account surplus ups by 27.8 percent in first half of 2012
Azerbaijan, Baku, Oct. 10 / Trend E. Kosolapova/
Kazakhstan's current account surplus increased by 27.8 percent to $8.7 billion in first half of 2012 compared to the same period of 2011, Novosti-Kazakhstan reported with the reference to the Kazakh National Bank.
Gross inflows of foreign direct investments to Kazakhstan in this period amounted to $10.9 billion, compared to $11.1 billion in the same period of 2011. Declines in gross inflows partly resulted from acquisition of a 10-percent interest stake in the Karachaganak project by Kazakhstan.
Net outflow of direct investments abroad hit $1.3 billion in January-June 2012. Thus direct investment surplus amounted to $6 billion, compared to $5.1 billion in the first half of 2011.
Net outflow of portfolio investments hit $9.2 billion in this period resulted mainly from Kazakh National Fund's foreign assets $8.6 billion growth.