Key considerations

• Kazakhstan is a leading economy in the Central Asian region
• Kazakhstan has vast deposits of key mineral resources
• The post-Soviet recession is over in most industries and real growth has begun
• The budget deficit is low
• Exchange rate of the national currency –Tenge is stable and there are no restrictions on capital repatriation
• The stock market is growing rapidly

© Kazkommerts Securities 1998. Please cite source when quoting.

This report has been prepared by Kazkommerts Securities and provided solely for information purposes to recipients only. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. This information does not constitute an offer to buy or sell securities. Kazkommerts Securities or its affiliated persons may be buying, selling or holding long or short positions, acting as investment bankers, be represented on the Board of the issuers in securities mentioned herein. This report is not intended for the use of private investors. Investment in Kazakhstan markets is an extremely risky activity and many persons, physical and legal, may be completely or partially restricted from dealing in the Kazakhstan securities markets.

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