Investments in chemical industry in Kazakhstan decreased by 61.5%
Almaty. June 23. KazTAG - Investments in the chemical industry in Kazakhstan have decreased by 61.5% to T64 billion, while the food industry is investing on loans, reports the credit bureau.
"Investments decreased in the traditionally most attractive sectors of Kazakhstan: metallurgy - by 12.4% to T164 billion and the production of chemical products - by 61.5% to T64 billion," reads the report.
The third industry in terms of investment is food production.
“The volume of investments in it amounted to T45 billion, which is 22% more than a year earlier. However, about KZT21bn are bank loans, and about KZT2bn are other borrowed funds. Thus, less than half of the investments are accounted for by own funds, and others are in debt. There is no such thing in any other industry,” said the report.
According to official statistics, for the five months of 2022, the total volume of investments in fixed assets in the manufacturing industry amounted to T407 billion, 20% down against 2021.
Photo source: picture from an open source