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News: Tuesday, July 26, 2016 -- Issue 2543 http://www.newsline.kz/rss/

Article of the Day

Brazil creates visa-free regime for Kazakh citizens
    By Aiman Turebekova
    On July 25, Brazil and Kazakhstan finalized a new bilateral visa-free regime for the citizens of each country.
    First Deputy Minister of Foreign Affairs Mukhtar Tleuberdi and Brazilian Ambassador in Kazakhstan Demetrio Bueno Carvalho signed the agreement in a July 25 ceremony at the Kazakh Foreign Ministry in Astana.
    “The agreement will facilitate the participation of Kazakh athletes in the Olympics games. It will also simplify the visits of our citizens to Summer Olympics that will be held this year Aug. 5-21 in Rio de Janeiro. This agreement gives a chance to the Brazilians to see the latest achievements in the field of green economy at the upcoming international exhibition EXPO 2017,” said Tleuberdi after the signing ceremony.
    “We hope that the signing of this document will contribute to the growth of trips of Kazakh tourists and representatives of business circles to Brazil,” Carvalho said. He said more than 2,000 Kazakh citizens received a visa to travel to Brazil last year. Brazil offers many options for tourist experiences, ranging from eco-tourism to various types of cultural tourism.
    Besides, this agreement is aimed not only at facilitating mutual trips of citizens of both countries but also to further develop trade and economic, scientific and technical, cultural and humanitarian, tourism and other relations.
    The visit by Kazakh Minister of Foreign Affairs Erlan Idrissov to Brazil on Oct. 2-3, 2013 gave a significant impulse to bilateral relations. A historical event in the framework of his visit to Brasilia was the official opening ceremony of the first Kazakh embassy in Brazil, which is also the first Kazakh embassy in Latin America.
    Brazil, Argentina and Chile have all agreed to participate in Expo- 2017 in Astana. APEX Brasil Trade and Investment Promotion Agency played a major role in Brazilian presentations at the three previous expos, at Shanghai 2010, Yeosu 2012 and Milan 2015. A number of Brazilian companies have shown interest in participating in the upcoming exhibition in Astana to illustrate the country’s achievements in advancing the production and use of wind, solar, geothermal, biomass and nuclear energy, accoding to the Astana Times.

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Kazakhstan General

Almaty to celebrate '1,000th' anniversary
    By Elena Kosolapova
    Almaty will celebrate its 1000 anniversary in 2016.
    Kazakh President Nursultan Nazarbayev discussed preparations for this anniversary with Almaty’s mayor Bauyrzhan Baibek, a news statement ...
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Astana and Geneva preparing Ban-the-Bomb conferences
    By Jamshed Baruah
    Kazakhstan will host an international conference on August 28-29 to build and strengthen political will for the prohibition and elimination of nuclear weapons, some ...
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Rare public outreach winding down
    By Aigerim Toleukhanova
    Kazakhstan launched a rare exercise in consulting with the general public earlier this year to defuse spreading discontent, but the authorities are now bracing ...
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Expo-2017

At least 94 nations to take part in Astana Expo- 2017
    By Elena Kosolapova
    Ninety four countries have officially confirmed they will participate in the International Expo-2017 Specialized Exhibition, to be held in Astana, NC Astana Expo--2017 said ...
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Oil and Gas Sector

Kazakh Energy Ministry denies fuel price hike rumors
    The Ministry of Energy has denied rumors of a possible price hike for fuel in the country.
    Official Spokesperson to the Ministry, Askar Dzhaldinov has quashed rumors ...
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Chevron announces Q2 results with Kazakhstan and petrochem expansions on tap
    What to look out for as Chevron Corporation gets ready to report Q2 results on July 29.
    The TCO venture operates the massive Tengiz and Korolev oilfields ...
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Argus becomes the source for calculating Russian crude extraction tax
    Kazakhstan’s energy ministry has changed the pricing procedure for domestic wholesale LPG prices, approving the application of Argus Media’s daf Bekabad propane-butane mix assessment.
    The acting energy ...
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Finance and Investment

Kazakh foreign debt reportedly rises to $153.99 billion over January-March 2016
    Kazakhstan’s foreign debt jumped by $531.5 million to $153,987.8 million in January-March 2016.
    As the Kazakh economy is experiencing a recession the ratio of foreign debt, ...
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Kazakh banks increase trade crediting
    Kazakh banks are returning to dynamic trade crediting in the country.
    The volume of loans for trade enterprises totaled 2.6 trillion tenges ($1=341 tenges) in May 2016 ...
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A long road to recovery for Kazakh economy
    Kazakhstan's economic growth should recover gradually over the medium-term, but the economy will continue to face substantial headwinds, the World Bank’s Kazakhstan Economic Update Summer 2016 ...
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S&P doesn't expect decrease in public stake of Samruk-Kazyna
    By Elena Kosolapova
    The S&P Global Rating has affirmed its 'BBB-/A-3' long-term and short-term issuer credit ratings on Samruk-Kazyna National Welfare Fund JSC.
    The outlook is negative, the ...
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Debtors cannot leave Russia via Belarus and Kazakhstan - Investia
    Russians with outstanding debt of more than 10 thousand rubles will not be able to travel abroad via Belarus and Kazakhstan, according to a document now ...
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Kazakhstan and Belarus advance economic cooperation
    Kazakhstan and Belarus initialed the Cooperation Development Roadmap for 2017-2018 at a meeting of Kazakhstan-Belarus Intergovernmental Commission for Trade and Economic Cooperation in Gomel, Belarus last ...
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Metals and Minerals

Expected cost of Kazakh copper mine project down by $100M
    By Elena Kosolapova
    KAZ Minerals company reduced the cost of the expected Aktogay copper mine project in Kazakhstan by $100 million to $2.2 billion, the company reported.
    “The ...
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First equipment delivered for Kazchrome Aksu ferroalloys plant renovation
    Tenova Pyromet announced today it has delivered the first equipment to Kazchrome's Aksu ferroalloys plant in Kazakhstan as part of a contract awarded in July 2014 ...
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Trade and Consumer Goods

Kyrgyz parliament deputy proposes10% VAT for grain and flour imports
    The member of the Kyrgyz Parliament (Respublika-Ata-Jurt faction) Kenjebek Bokoyev proposed to establish a VAT rate of 10% for import and supply of grain and flour ...
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Communications and Transportation

Kazakh pilots to show off at Aviadarts-2016
    Around 50 aviation crews will compete in the Aviadarts-2016 contest in the Ryazan Region, Russia.
    "Some 50 aviation crews from Russia, China, Kazakhstan and Belarus will demonstrate ...
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Regional News

Bavaria suicide bomber 'pledged allegiance' to IS
    Bavaria’s top security official says a Syrian asylum seeker who blew himself up late on July 24 outside of a music festival in the southern German ...
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China continues to hold sway in Central Asia
    By Paul Sampson
    The Amu Darya gas project in Turkmenistan, which feeds China via the Central Asia-China Pipeline. (CNPC) The Amu Darya gas project in Turkmenistan, which ...
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Echoes of Russia’s new approach to power in DNC hack
    By Max Fisher
    Of the questions raised by charges that Russia was involved in the release of hacked Democratic National Committee emails, at least one — why ...
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Ankara thanks Russia for support over coup attempt
    Turkish Foreign Minister Mevlut Cavusoglu has expressed gratitude on part of his country to Russia for its “unqualified” support during the attempted military coup earlier this ...
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Clinton suggests Russian role in leaked emails
    On the eve of the July 25 opening of the four-day Democratic National Convention in Philadelphia, the Democratic Party was busy reacting to information from party ...
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Migration to Russia decreases, Tajik official says
    Tajik officials say the number of Tajik migrant workers who left to Russia and other countries in the first half of 2016 has dropped by nearly ...
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US increasing combat training for Georgian army
    By Joshua Kucera
    The United States will devote more military aid towards arming and equipping the Georgian armed forces, redirect training to emphasize combat skills, and help ...
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Kyrgyzstan, China ink seven cooperation deals at 2016 Issyk-Kul Economic Forum
    During the 3rd Issyk-Kul Economic Forum, which took place in Cholpon-Ata on July 22, bilateral meetings and talks were held between Kyrgyzstan and China. A ceremony ...
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Uzbekistan might change rules on Internet services
    By Demir Azizov
    Uzbekistan’s Ministry for Development of Information Technologies and Communications has worked out draft smendments to the rules for rendering services for data transmission networks, ...
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Turkmenistan, Azerbaijan, Turkish leaders to hold gas talks
    A high-level meeting reportedly set to take place later this year in Turkmenistan could put talk of building a natural gas pipeline across the Caspian Sea ...
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Azerbaijan top court clears Aliyev's bid to extend presidential term
    By Nailia Bagirova
    Azerbaijan's highest court on Monday approved an initiative by President Ilham Aliyev to extend the head of state's term of office to seven years ...
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Prices and Statistics

Commodities
    

Date: July 26, 2016; Source: Bloomberg.com

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 43.24 +0.11 +0.26% Sep 2016 1:40 AM
USD/bbl. 44.92 +0.20 +0.45% Sep 2016 1:40 AM
USd/gal. 133.45 +0.09 +0.07% Aug 2016 12:58 AM
USD/MMBtu 2.71 -0.03 -1.27% Aug 2016 1:39 AM
USd/gal. 132.85 +0.57 +0.43% Aug 2016 1:33 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,318.90 -0.60 -0.05% Dec 2016 1:40 AM
USD/t oz. 1,318.80 +3.20 +0.24% N/A 1:50 AM
USD/t oz. 19.69 +0.04 +0.22% Sep 2016 1:40 AM
USd/lb. 221.80 +0.10 +0.05% Sep 2016 1:39 AM
USD/t oz. 1,087.07 +2.83 +0.26% N/A 1:50 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 341.00 -0.25 -0.07% Dec 2016 1:39 AM
USd/bu. 428.00 -1.00 -0.23% Sep 2016 1:40 AM
USD/MT 2,854.00 -32.00 -1.11% Sep 2016 7/25/2016
USd/lb. 72.39 +0.10 +0.14% Dec 2016 1:40 AM
USd/lb. 111.08 +3.00 +2.78% Oct 2016 7/25/2016
 

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Exchange Rates
    

Date: July 26, 2016; Source: the National Bank of Kazakhstan

1 USD KZT 343.88 1 CHF

KZT 349.05

1 CNY

KZT 51.5

1 TRY KZT 113.47 1 JPY KZT 3.24
1 EUR

KZT 377.89

1 AUD

KZT 257.29

1 KGS KZT 5.13 100 UZS KZT 11.64 100 BYN KZT 173.15
1 GBP KZT 452.27 1 CAD KZT 261.17 1 RUB KZT 5.3 100 KRW KZT 30.24 1 UAH KZT 13.87

 

 

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