Issue 2869 - 21.11.2017
21.11.2017

Labour market loses youth

So far this year, the number of wage and salary workers at the age of 15-28 years old reduced by more than by 7%. Employed youth in Kazakhstan decreased by 4%.

The number of jobs for young people is declining: according to the results of the 3rd quarter of this year, the total number of employees at the age of 15-28 y.o. was 1.5 million. This is 7.6%, or 125.8 thousand people less than in the third quarter of 2016.

At the same time, the number of self-employed young Kazakhstanis also decreased, though less sharply, by 4.1%, or by 21.5 thousand people. The decline in the employment rate among young people occurs against the backdrop of a general decline in the workforce: minus 6.7% compared to the level a year earlier.

Under the current unfavourable economic conditions in the country, young citizens of country start to study harder: on-year the segment of the population at the age of 15-28 years who were not participating in the labour market due to day-long studying increased by 62.4 thousand people, or 5.4%. In the third quarter of this year, there were more than 1.2 million of such young people.

Compared to the 3rd quarter of 2016, the number of employed young people declined in 11 regions out of 16.

The largest decrease in the number of people employed or self-employed took place in the Almaty region (-54.9 thousand people, or 18%), the South Kazakhstan region (-31.9 thousand people, or 10.7%) and Astana (-29.6 %, or 19.3%).

At the same time, in Almaty, on the contrary, the number of employed or self-employed youth increased by 14 thousand people, or by 5.7%. The situation with youth employment is also being corrected in the Zhambyl (+5.3 thousand people), Aktobe (+5 thousand people), Pavlodar (+1.6 thousand people) and West Kazakhstan regions (+1.4 thousand people), however they did not have a significant impact the state-wide situation.

The most dramatically decline in employment for young people occurred in agriculture (-44.7 thousand employees), construction (-31.8 thousand), wholesale and retail trade (-27.9 thousand), transport and logistics (-21, 9 thousand) and in education (-20.4 thousand).

An effective increase in youth employment is one of the main principles of the current approach to by the state to regulate the situation on the national labour market in the framework of the Third Modernisation scheme. In particular, after this year the Programme for the Development of Productive Employment and Mass Entrepreneurship, which has been designed up to 2021, has been launched in the country.

With the aim to promote productive employment of the population and involving citizens in entrepreneurship, the Programme sets the following tasks: training of personnel through technical and vocational education taking into account the needs of the labour market; short-term professional training of workers in the professions and skills in demand on the labour market; training in the basics of entrepreneurship; expansion of microcredit in the countryside and in the cities; assistance in providing employment for the unemployed and self-employed; increasing labour force mobility; creation of a single digital platform for employment.

So far this year, the first results of this programme can already be seen. According to the press service of the Ministry of Labour and Social Protection of the Population, more than 61 thousand Kazakhstanis have already completed short-term courses while the plan only provided for 26 thousand. These courses provide in the training of unemployed citizens within a short period of time according to demand for professional knowledge and skills in the labour market. Training is conducted through existing colleges, training centres at enterprises, as well as in remote communities through mobile training centers. Participants in the programme are provided with a scholarship, while being paid for travel and accommodation.

According to the Ministry of Labour, out of 23 thousand people who completed training, 9.5 thousand found a job. 70% of them were employed with the assistance of employment centres, while 30% found jobs independently.

Reported by Finprom (Kazakhstan).

Kazakhstan General

21.11.2017

Azerbaijan-Russia-Kazakhstan cooperation format – an optimum alternative

The Azerbaijan-Russia-Kazakhstan format is the most favourable alternative of trilateral cooperation, said Azerbaijani Foreign Minister Elmar Mammadyarov at a joint press conference with his Russian counterpart Sergey Lavrov in Baku Nov. 20.

“My Kazakh colleague showed interest in creating such a format,” said the foreign minister adding that this format can...

The Azerbaijan-Russia-Kazakhstan format is the most favourable alternative of trilateral cooperation, said Azerbaijani Foreign Minister Elmar Mammadyarov at a joint press conference with his Russian counterpart Sergey Lavrov in Baku Nov. 20.

“My Kazakh colleague showed interest in creating such a format,” said the foreign minister adding that this format can...

21.11.2017

Russia to initiate meeting on Caspian Sea status next month

Russia will initiate a meeting on the status of the Caspian Sea in December, Azerbaijani Foreign Minister Elmar Mammadyarov said at a joint press conference with his Russian counterpart Sergey Lavrov in Baku Nov. 20.

"We exchanged the views on the legal status of the Caspian Sea,” Mammadyarov said. “Russia will...

Russia will initiate a meeting on the status of the Caspian Sea in December, Azerbaijani Foreign Minister Elmar Mammadyarov said at a joint press conference with his Russian counterpart Sergey Lavrov in Baku Nov. 20.

"We exchanged the views on the legal status of the Caspian Sea,” Mammadyarov said. “Russia will...

21.11.2017

Kazakh, Russian Labour Ministers sign MoC

Within the framework of their meeting on the sidelines of the 30th session of the CIS Advisory Council on Labour, Migration and Social Protection in St. Petersburg, Minister of Labour and Social Protection of Kazakhstan Tamara Duissenova and her Russian counterpart Maxim Topilin signed a memorandum of cooperation, Kazakh Ministry's...

Within the framework of their meeting on the sidelines of the 30th session of the CIS Advisory Council on Labour, Migration and Social Protection in St. Petersburg, Minister of Labour and Social Protection of Kazakhstan Tamara Duissenova and her Russian counterpart Maxim Topilin signed a memorandum of cooperation, Kazakh Ministry's...

21.11.2017

Kazakhstan hunts for online, printed extremist material

Since the beginning of the year, cyber security specialists at Kazakhstan's Ministry of Religious Affairs and Civil Society have inspected the content of 5,527 "internet resources", finding that 2,487 contained illegal extremist material.

The specialists sent their analyses to the Ministry of Information and Communication, which will take the appropriate technical...

Since the beginning of the year, cyber security specialists at Kazakhstan's Ministry of Religious Affairs and Civil Society have inspected the content of 5,527 "internet resources", finding that 2,487 contained illegal extremist material.

The specialists sent their analyses to the Ministry of Information and Communication, which will take the appropriate technical...

21.11.2017

Uncharacteristically warm weather will hold in Kazakhstan

Uncharacteristically warm weather will hold on the larger territory of Kazakhstan on November 21-23, Kazpravda.kz reports referring to Kazhydromet RSE forecasting.

"In the next three days, under the influence of the anticyclone, in most regions of the country, warm weather without precipitation will hold, with an air temperature 4 -10 degrees...

Uncharacteristically warm weather will hold on the larger territory of Kazakhstan on November 21-23, Kazpravda.kz reports referring to Kazhydromet RSE forecasting.

"In the next three days, under the influence of the anticyclone, in most regions of the country, warm weather without precipitation will hold, with an air temperature 4 -10 degrees...

Oil and Gas Sector

21.11.2017

KazTransOil to transport up to 80,000 tonnes of Russian oil to Uzbekistan by year-end

Kazakhstan's KazTransOil plans to transport up to 80,000 tons of Russian oil via its pipeline to Uzbekistan by the end of 2017, the press service of the company reported.

'The oil will be pumped through the pipeline to Shagyr oil loading point, where it will be poured into railway tanks and...

Kazakhstan's KazTransOil plans to transport up to 80,000 tons of Russian oil via its pipeline to Uzbekistan by the end of 2017, the press service of the company reported.

'The oil will be pumped through the pipeline to Shagyr oil loading point, where it will be poured into railway tanks and...

21.11.2017

Fuel crisis hits Kazakhstan hard

Despite being the second-largest oil producer and exporter in the former Soviet Union, only behind Russia, Kazakhstan has been historically plagued by chronic deficits of fuel for domestic consumption. National energy security is at the top of the country’s priority list, yet little progress has been made since independence to...

Despite being the second-largest oil producer and exporter in the former Soviet Union, only behind Russia, Kazakhstan has been historically plagued by chronic deficits of fuel for domestic consumption. National energy security is at the top of the country’s priority list, yet little progress has been made since independence to...

21.11.2017

Kazakhstan donates 1,000 tonnes of fuel oil to Tajikistan

Kazakhstan's government is providing fuel oil to neighbouring Tajikistan as humanitarian aid, Kazinform reported Thursday (November 16), citing a Kazakhstani government database of legislation.

The Kazakhstani Ministry of Defence and Aerospace Industry will allocate about 128.6 million KZT (about $388,000) to Tajikistan so that it can purchase 1,000 tonnes of mazut,...

Kazakhstan's government is providing fuel oil to neighbouring Tajikistan as humanitarian aid, Kazinform reported Thursday (November 16), citing a Kazakhstani government database of legislation.

The Kazakhstani Ministry of Defence and Aerospace Industry will allocate about 128.6 million KZT (about $388,000) to Tajikistan so that it can purchase 1,000 tonnes of mazut,...

21.11.2017

Caspian Sunrise provides BNG operational update

Caspian Sunrise (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress of its Deep Well A5 at its flagship BNG Contract Area and at its shallow MJF structure.

Caspian Sunrise has a 99% interest...

Caspian Sunrise (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress of its Deep Well A5 at its flagship BNG Contract Area and at its shallow MJF structure.

Caspian Sunrise has a 99% interest...

21.11.2017

Med Crude-Urals differentials ease in NWE ahead of Surgut tender

Urals crude differentials in northwest Europe eased slightly on Monday ahead of Russia's Surgut sell tender.

Meanwhile Russian pipeline monopoly Transneft said the sulphur content of oil it exports to the West from Baltic ports and Novorossiisk will continue to rise.

The sulphur content of Urals exported from Primorsk will rise to...

Urals crude differentials in northwest Europe eased slightly on Monday ahead of Russia's Surgut sell tender.

Meanwhile Russian pipeline monopoly Transneft said the sulphur content of oil it exports to the West from Baltic ports and Novorossiisk will continue to rise.

The sulphur content of Urals exported from Primorsk will rise to...

21.11.2017

Oil eases on global markets as traders, investors grow edgy ahead of OPEC

Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the dollar negatively affected commodities across the board.

Brent crude futures LCOc1 were down 84 cents at $61.86, or 1.4 percent, by 11:37 a.m. EST (1637 GMT), while U.S. West Texas Intermediate...

Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the dollar negatively affected commodities across the board.

Brent crude futures LCOc1 were down 84 cents at $61.86, or 1.4 percent, by 11:37 a.m. EST (1637 GMT), while U.S. West Texas Intermediate...

Energy Industry

21.11.2017

Solar power plant to be built in Mangistau region

In the Mangistau region near the village Batyr, a solar power station is planned to be built, 24.kz reports.

The capacity of the future facility is 2 MW or 2 million kW / h. This is enough to provide electricity to 3 villages totaling 50 thousand people.

The engineering structure will occupy...

In the Mangistau region near the village Batyr, a solar power station is planned to be built, 24.kz reports.

The capacity of the future facility is 2 MW or 2 million kW / h. This is enough to provide electricity to 3 villages totaling 50 thousand people.

The engineering structure will occupy...

Finance and Investment

21.11.2017

Industrialists improve credit discipline

As of September, the volume of loans extended by banks to the industrial sector increased by 2.1% on-month and by 8.1% on-year to KZT1.89 trillion. The highest rates of growth were recorded in water supply, electric power and other industrial sectors: +9.7% on-month and +21% on-year, to KZT 273.9 billion...

As of September, the volume of loans extended by banks to the industrial sector increased by 2.1% on-month and by 8.1% on-year to KZT1.89 trillion. The highest rates of growth were recorded in water supply, electric power and other industrial sectors: +9.7% on-month and +21% on-year, to KZT 273.9 billion...

21.11.2017

Kazakh Halyk Bank's board may consider paying dividend in 2018 - CEO

The board of Halyk Bank , Kazakhstan’s biggest lender by assets, might consider resuming dividend payments starting from 2018, Chief Executive Umut Shayakhmetova said on Monday.

Halyk has paid no dividends for 2015 and 2016; it had previously paid out 15-50 percent of net income in dividends, and Shayakhmetova told analysts...

The board of Halyk Bank , Kazakhstan’s biggest lender by assets, might consider resuming dividend payments starting from 2018, Chief Executive Umut Shayakhmetova said on Monday.

Halyk has paid no dividends for 2015 and 2016; it had previously paid out 15-50 percent of net income in dividends, and Shayakhmetova told analysts...

21.11.2017

Kazakhstan: financial illiteracy hampering economic recovery

Kazakhstan’s National Bank will embark on research next year to find out just how well people understand how to handle their personal finances. The research will support a state program to enhance financial literacy.

The government is worried that even though Kazakhstan’s financial sector offers a relatively wide range of ways...

Kazakhstan’s National Bank will embark on research next year to find out just how well people understand how to handle their personal finances. The research will support a state program to enhance financial literacy.

The government is worried that even though Kazakhstan’s financial sector offers a relatively wide range of ways...

21.11.2017

Hope for Kazakhstan as English courts speak: bank liability for alleged AML failures impacting third Parties, and hauling into U.S. Court foreign defendants who launder the alleged fruits of foreign crime

We discuss two recent federal court opinions addressing two issues of increasing frequency and importance: (i) the potential civil liability of financial institutions to non-customers and other third-parties for alleged failures to implement an effective Anti-Money Laundering (“AML”) program; and (ii) the ability of private plaintiffs to sue foreign defendants...

We discuss two recent federal court opinions addressing two issues of increasing frequency and importance: (i) the potential civil liability of financial institutions to non-customers and other third-parties for alleged failures to implement an effective Anti-Money Laundering (“AML”) program; and (ii) the ability of private plaintiffs to sue foreign defendants...

Metals and Minerals

21.11.2017

Copper edges higher on upturn in China property prices

Copper was steady on Monday, supported by falling inventories and a monthly upturn in China's property prices, with gains capped by a firmer dollar.

Benchmark copper on the London Metal Exchange was 0.7 percent higher at $6,824 a tonne by 1618 GMT, having posted its second weekly decline on Friday.

"Housing prices...

Copper was steady on Monday, supported by falling inventories and a monthly upturn in China's property prices, with gains capped by a firmer dollar.

Benchmark copper on the London Metal Exchange was 0.7 percent higher at $6,824 a tonne by 1618 GMT, having posted its second weekly decline on Friday.

"Housing prices...

21.11.2017

Gold slips on stronger dollar, but still near one-month high

Gold slipped on Monday as the dollar rose, but prices still held near one-month highs hit last week as political and economic uncertainty in the United States dominated sentiment.

Spot gold was down 0.2 percent at $1,292.1 an ounce at 1241 GMT off Friday's peak of $1,297, its strongest since Oct....

Gold slipped on Monday as the dollar rose, but prices still held near one-month highs hit last week as political and economic uncertainty in the United States dominated sentiment.

Spot gold was down 0.2 percent at $1,292.1 an ounce at 1241 GMT off Friday's peak of $1,297, its strongest since Oct....

Manufacturing industry

21.11.2017

Industrial output slowdown in October and GDP for 9M2017

According to preliminary data of the Committee on Statistics, an economic growth for 9 months of 2017 amounted to 4.3% yoy against 4.2% yoy in the first half of this year. Therefore, according to our calculations, GDP in the third quarter slowed to 4.3% yoy, while a maximum since 2015...

According to preliminary data of the Committee on Statistics, an economic growth for 9 months of 2017 amounted to 4.3% yoy against 4.2% yoy in the first half of this year. Therefore, according to our calculations, GDP in the third quarter slowed to 4.3% yoy, while a maximum since 2015...

Trade and Consumer Goods

21.11.2017

Kazakhstan increased the exports of oilseeds to Iran

According to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in January-September of 2017 Iran imported 28.1 thsd tonnes of oilseed crops from Kazakhstan (6% of the general oilseeds exports from the country). In the same period of 2016, the exports of Kazakh oilseeds...

According to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in January-September of 2017 Iran imported 28.1 thsd tonnes of oilseed crops from Kazakhstan (6% of the general oilseeds exports from the country). In the same period of 2016, the exports of Kazakh oilseeds...

21.11.2017

Rice processing plant opened in Kazakhstan

LLC Abai Daulett has put into operation a rice processing plant in Kyzylorda region of Kazakhstan, informs UkrAgroConsult.

Reportedly, the plant currently processes 7 MT of grain per hour using a waste-free production technology.

Kyzylorda rice growers have been harvesting bumper crops since a few years ago. In particular,...

LLC Abai Daulett has put into operation a rice processing plant in Kyzylorda region of Kazakhstan, informs UkrAgroConsult.

Reportedly, the plant currently processes 7 MT of grain per hour using a waste-free production technology.

Kyzylorda rice growers have been harvesting bumper crops since a few years ago. In particular, the 2017 rice...

21.11.2017

Russia’s trading networks sell Kazakh food, beverages

Output of Kazakhstan’s 10 manufacturers went on sale to large regional retail chains in Russia, Kazpravda.kz reports with reference to the press service of KAZAKH INVEST.

"KAZAKH INVEST launched a project on domestic producers’ output sale in large regional retail chains of the Russian Federation, and Kazakhstani 10 manufacturers’ products appeared...

Output of Kazakhstan’s 10 manufacturers went on sale to large regional retail chains in Russia, Kazpravda.kz reports with reference to the press service of KAZAKH INVEST.

"KAZAKH INVEST launched a project on domestic producers’ output sale in large regional retail chains of the Russian Federation, and Kazakhstani 10 manufacturers’ products appeared...

21.11.2017

More than 13 000 jobs created in RK thanks to agro cooperatives

Since the year start, more than 13,000 jobs have been created in Kazakhstan thanks to the emergence of cooperatives and feed yards, Kazpravda.kz reports with reference to the RK Agriculture Ministry’s press service.

"Since the beginning of the year, as of November 10, 2017, 770 cooperatives have been established, including 273...

Since the year start, more than 13,000 jobs have been created in Kazakhstan thanks to the emergence of cooperatives and feed yards, Kazpravda.kz reports with reference to the RK Agriculture Ministry’s press service.

"Since the beginning of the year, as of November 10, 2017, 770 cooperatives have been established, including 273...

21.11.2017

Kazakhstan agro products export to China is 20.2% up in 2017

In the first 9 months of 2017, export of Kazakhstan’s agribusiness products to China has grown by 20.2%, Kazpravda.kz reports with reference to the RK Ministry of Agriculture.

"The Chinese market is open to fish, sheep breeding and beekeeping products, as well as bran. As a result, in the first 9...

In the first 9 months of 2017, export of Kazakhstan’s agribusiness products to China has grown by 20.2%, Kazpravda.kz reports with reference to the RK Ministry of Agriculture.

"The Chinese market is open to fish, sheep breeding and beekeeping products, as well as bran. As a result, in the first 9...

21.11.2017

OIC Food Security HQ to open in Kazakhstan

President Nursultan Nazarbayev signed the Law of the Republic of Kazakhstan On ratification of the Headquarters Agreement between the Government of Kazakhstan and the Islamic Organization for Food Security, Kazpravda.kz reports with reference to the Akorda press service.

It is expected that the establishment of the OICFS headquarters in the country...

President Nursultan Nazarbayev signed the Law of the Republic of Kazakhstan On ratification of the Headquarters Agreement between the Government of Kazakhstan and the Islamic Organization for Food Security, Kazpravda.kz reports with reference to the Akorda press service.

It is expected that the establishment of the OICFS headquarters in the country...

21.11.2017

Transportation of pest-infected tomatoes from Kyrgyzstan stopped in Zhambyl region

In the Kordai district of the Zhambyl region, a consignment of tomatoes infected with South American moth was stopped, Kazpravda.kz reports with reference to the press service of Kazakhstan’s Agriculture Ministry.

"On November 19, 2017, during the quarantine phytosanitary control in the Kordai district of the Zhambyl oblast, the state inspectors...

In the Kordai district of the Zhambyl region, a consignment of tomatoes infected with South American moth was stopped, Kazpravda.kz reports with reference to the press service of Kazakhstan’s Agriculture Ministry.

"On November 19, 2017, during the quarantine phytosanitary control in the Kordai district of the Zhambyl oblast, the state inspectors...

21.11.2017

Chicago launching Black Sea wheat and corn contracts

CME Group (Chicago Mercantile Exchange and Chicago Board of Trade) has announced the launch of Black Sea wheat and corn futures contracts based on Platts' price index to begin trading in December 2017, the Russian/ Kazakh agro news agency Zerno reports. The project’s goal consists in increasing the Group’s presence...

CME Group (Chicago Mercantile Exchange and Chicago Board of Trade) has announced the launch of Black Sea wheat and corn futures contracts based on Platts' price index to begin trading in December 2017, the Russian/ Kazakh agro news agency Zerno reports. The project’s goal consists in increasing the Group’s presence...

21.11.2017

Russian wheat export prices stable in quiet trade

Russian wheat export prices, which serve as a benchmark indicator for Kazakh price-settings as well, were broadly stable last week due to quiet trade, although Egypt, the world's largest wheat importer, agreed a large purchase of Russian wheat, analysts said on Monday.

Egypt's state grain buyer GASC bought a total of...

Russian wheat export prices, which serve as a benchmark indicator for Kazakh price-settings as well, were broadly stable last week due to quiet trade, although Egypt, the world's largest wheat importer, agreed a large purchase of Russian wheat, analysts said on Monday.

Egypt's state grain buyer GASC bought a total of...

21.11.2017

Wheat dips for 2nd day as world inventories weigh, corn down

Chicago wheat futures lost ground for a second session on Tuesday with abundant global supplies adding pressure on prices.

Corn slid after rising for two sessions while soyabeans were marginally lower for a second day.

U.S. and European wheat exporters are struggling to win business as Black Sea exporters led by Russia...

Chicago wheat futures lost ground for a second session on Tuesday with abundant global supplies adding pressure on prices.

Corn slid after rising for two sessions while soyabeans were marginally lower for a second day.

U.S. and European wheat exporters are struggling to win business as Black Sea exporters led by Russia...

Communications and Transportation

21.11.2017

Air Astana to become one of largest Airbus A320neo Family operators in CA and CIS

Air Astana, the flag carrier of Kazakhstan, is destined to become one of the largest A320neo Family operators in Central Asia and CIS over the next three years. The airline is the first operator of this type in the region from 2016 and the fleet will grow to 17 aircraft...

Air Astana, the flag carrier of Kazakhstan, is destined to become one of the largest A320neo Family operators in Central Asia and CIS over the next three years. The airline is the first operator of this type in the region from 2016 and the fleet will grow to 17 aircraft...

21.11.2017

First EAEU cyber training expected in 2018

Russia may organize the first round of cyber training with the Eurasian Economic Union (EAEU) member-states in March-June 2018, according to the draft ‘roadmap’, or plan of action, in the digital economy field obtained by Kommersant. Russia’s Ministry of Communication and the Federal Security Service (FSB) are in charge of...

Russia may organize the first round of cyber training with the Eurasian Economic Union (EAEU) member-states in March-June 2018, according to the draft ‘roadmap’, or plan of action, in the digital economy field obtained by Kommersant. Russia’s Ministry of Communication and the Federal Security Service (FSB) are in charge of...

Regional News

21.11.2017

China's property market to cool on tough curbs

China's property market is expected to cool in the fourth quarter as real estate investment growth faltered, monthly property sales value dropped and home prices declined in hotspot cities, economists said.

The property market remained stable in October, with new residential housing prices seeing slower...

China's property market is expected to cool in the fourth quarter as real estate investment growth faltered, monthly property sales value dropped and home prices declined in hotspot cities, economists said.

The property market remained stable in October, with new residential housing prices seeing slower growth year on year in 13...

21.11.2017

China's property market to cool on tough curbs

China's property market is expected to cool in the fourth quarter as real estate investment growth faltered, monthly property sales value dropped and home prices declined in hotspot cities, economists said.

The property market remained stable in October, with new residential housing prices seeing slower...

China's property market is expected to cool in the fourth quarter as real estate investment growth faltered, monthly property sales value dropped and home prices declined in hotspot cities, economists said.

The property market remained stable in October, with new residential housing prices seeing slower growth year on year in 13...

21.11.2017

Russian business community grumbles about rising fiscal burden to president

Russian entrepreneurs will have to pay more than 100 bln rubles ($1.6 bln) worth of additional taxes and fees in 2018 based on the draft federal budget for the upcoming three years. This violates the agreement on the rigidity of the fiscal burden imposed by President Putin in 2014 to...

Russian entrepreneurs will have to pay more than 100 bln rubles ($1.6 bln) worth of additional taxes and fees in 2018 based on the draft federal budget for the upcoming three years. This violates the agreement on the rigidity of the fiscal burden imposed by President Putin in 2014 to...

21.11.2017

As of November 1, Russia harvested 135 mln tonnes of grains – Rosstat

As of November 1, 2017, the general production of grains and pulses in all types of Russian agricultural households reached 135.3 mln tonnes in bunker weight, an increase of 12.7% compared with the same date last year. Also, agrarians harvested 8.2 mln tonnes of sunflower seed, down 20.7% compared with...

As of November 1, 2017, the general production of grains and pulses in all types of Russian agricultural households reached 135.3 mln tonnes in bunker weight, an increase of 12.7% compared with the same date last year. Also, agrarians harvested 8.2 mln tonnes of sunflower seed, down 20.7% compared with...

21.11.2017

EDB: Normalization of Tajik-Uzbek relations to help completing Rogun HPP construction

Normalization of Tajik-Uzbek relations and attraction of foreign investments may allow the government of Tajikistan to complete the Rogun hydro power plant (HPP), the world's tallest dam, analysts of the Eurasian Development Bank (EDB) believe.

"The plans of Tajik government to complete the construction of the Rogun hydroelectric power station received...

Normalization of Tajik-Uzbek relations and attraction of foreign investments may allow the government of Tajikistan to complete the Rogun hydro power plant (HPP), the world's tallest dam, analysts of the Eurasian Development Bank (EDB) believe.

"The plans of Tajik government to complete the construction of the Rogun hydroelectric power station received...

21.11.2017

Russian Export Center, Uzbek bank sign cooperation agreement

The Russian Export Center and the National Bank for Foreign Economic Activity of Uzbekistan signed an agreement on cooperation.

The agreement was signed by head of the Russian Export Center Petr Fradkov and chairman of the bank’s board Sukhrob Kholmuradov.

The document formalizes agreements on setting up a credit limit for operations...

The Russian Export Center and the National Bank for Foreign Economic Activity of Uzbekistan signed an agreement on cooperation.

The agreement was signed by head of the Russian Export Center Petr Fradkov and chairman of the bank’s board Sukhrob Kholmuradov.

The document formalizes agreements on setting up a credit limit for operations...

21.11.2017

Azerbaijan, Tajikistan to restore flights between capitals

Regular flights between the capitals of Azerbaijan and Tajikistan will be resumed from December this year, Tajik news agency Asia-Plus reported on November 20.

The agreement on launching regular flights of Tajikistan’s Somon Air company from December 2017 on the Dushanbe-Baku-Frankfurt-Baku-Dushanbe route was reached during a working visit of a delegation of the Somon...

Regular flights between the capitals of Azerbaijan and Tajikistan will be resumed from December this year, Tajik news agency Asia-Plus reported on November 20.

The agreement on launching regular flights of Tajikistan’s Somon Air company from December 2017 on the Dushanbe-Baku-Frankfurt-Baku-Dushanbe route was reached during a working visit of a delegation of the Somon...

21.11.2017

Chinese company to build new aluminium plant in Tajikistan

A Chinese company will build a new aluminium plant on the territory of the existing aluminium plant TALKO in Tajikistan, the national news agency of Tajikistan reported with reference to spokesman of the Tajik aluminium company Igor Sattarov.

According to him, the company TALKO plans to start implementation of the program...

A Chinese company will build a new aluminium plant on the territory of the existing aluminium plant TALKO in Tajikistan, the national news agency of Tajikistan reported with reference to spokesman of the Tajik aluminium company Igor Sattarov.

According to him, the company TALKO plans to start implementation of the program...

21.11.2017

Azerbaijani Caspian Shipping Company expands its fleet

Azerbaijan's Caspian Shipping Company increased the number of vessels sailing in international waters, The company reported.

The dry-cargo ship "Gafur mammadov" belonging to the shipping company will be operated in international waters.

The vessel with a deadweight of 5,500 tons was built in Nizhny Novgorod. Its length is 108.3 meters, width -...

Azerbaijan's Caspian Shipping Company increased the number of vessels sailing in international waters, The company reported.

The dry-cargo ship "Gafur mammadov" belonging to the shipping company will be operated in international waters.

The vessel with a deadweight of 5,500 tons was built in Nizhny Novgorod. Its length is 108.3 meters, width -...

21.11.2017

Light oil output down in Azerbaijan

Azerbaijan produced 22 million tons of light oil in January-September 2017 as compared to 24 million tons in the same period last year, BP Azerbaijan said Nov. 20 in a report on its activity in the country for January-September 2017.

BP Azerbaijan operates the development of the Azeri-Chirag-Gunashli (ACG) block of...

Azerbaijan produced 22 million tons of light oil in January-September 2017 as compared to 24 million tons in the same period last year, BP Azerbaijan said Nov. 20 in a report on its activity in the country for January-September 2017.

BP Azerbaijan operates the development of the Azeri-Chirag-Gunashli (ACG) block of...

21.11.2017

IS fighters finding sanctuary in Afghanistan: officials

Battered and beaten in Iraq and Syria, the Islamic State terror group is surging fighters into Afghanistan, rebuilding its presence and perhaps setting up a new base for attacks on both the West and Russia.

Afghan officials tell Voice of America that Islamic State may now have as many as 3,000...

Battered and beaten in Iraq and Syria, the Islamic State terror group is surging fighters into Afghanistan, rebuilding its presence and perhaps setting up a new base for attacks on both the West and Russia.

Afghan officials tell Voice of America that Islamic State may now have as many as 3,000...

Prices and Statistics

21.11.2017

Commodities

Date: November 21, 2017; Source: Bloomberg.com  Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 56.47 +0.05 +0.09% Jan 2018 12:34 AM
CO1:COMBrent Crude (ICE) USD/bbl. 62.32 +0.10 +0.16% Jan 2018 12:32 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 174.40 +0.02 +0.01% Dec 2017 11/20/2017
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.03 -0.01 -0.46% Dec 2017 12:34 AM
HO1:COMHeating Oil (Nymex) USd/gal. 193.40 +0.19 +0.10% Dec 2017 12:27 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,279.50 +4.20 +0.33% Dec 2017 12:35 AM
XAUUSD:CURGold Spot USD/t oz. 1,279.90 +2.98 +0.23% N/A 12:45 AM
SI1:COMSilver (Comex) USD/t oz. 16.95 +0.10 +0.61% Dec 2017 12:34 AM
HG1:COMCopper (Comex) USd/lb. 310.85 -0.70 -0.22% Mar 2018 12:34 AM
XPTUSD:CURPlatinum Spot USD/t oz. 928.75 +5.68 +0.62% N/A 12:44 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 355.25 -1.25 -0.35% Mar 2018 12:32 AM
W 1:COMWheat (CBOT) USd/bu. 438.00 -0.50 -0.11% Mar 2018 12:33 AM
CC1:COMCocoa (ICE) USD/MT 2,089.00 -42.00 -1.97% Mar 2018 11/20/2017
CT1:COMCotton #2 (ICE) USd/lb. 70.54 -0.31 -0.44% Mar 2018 12:33 AM
LC1:COMLive Cattle (CME) USd/lb. 123.03 -1.65 -1.32% Feb 2018 11/20/2017

Date: November 21, 2017; Source: Bloomberg.com 

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 56.47 +0.05 +0.09% Jan 2018 12:34 AM
CO1:COMBrent Crude (ICE) USD/bbl. 62.32 +0.10 +0.16% Jan 2018 12:32 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 174.40 +0.02 +0.01% Dec 2017 11/20/2017
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.03 -0.01 -0.46% Dec 2017 12:34 AM
HO1:COMHeating Oil (Nymex) USd/gal. 193.40 +0.19 +0.10% Dec 2017 12:27 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,279.50 +4.20 +0.33% Dec 2017 12:35 AM
XAUUSD:CURGold Spot USD/t oz. 1,279.90 +2.98 +0.23% N/A 12:45 AM
SI1:COMSilver (Comex) USD/t oz. 16.95 +0.10 +0.61% Dec 2017 12:34 AM
HG1:COMCopper (Comex) USd/lb. 310.85 -0.70 -0.22% Mar 2018 12:34 AM
XPTUSD:CURPlatinum Spot USD/t oz. 928.75 +5.68 +0.62% N/A 12:44 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 355.25 -1.25 -0.35% Mar 2018 12:32 AM
W 1:COMWheat (CBOT) USd/bu. 438.00 -0.50 -0.11% Mar 2018 12:33 AM
CC1:COMCocoa (ICE) USD/MT 2,089.00 -42.00 -1.97% Mar 2018 11/20/2017
CT1:COMCotton #2 (ICE) USd/lb. 70.54 -0.31 -0.44% Mar 2018 12:33 AM
LC1:COMLive Cattle (CME) USd/lb. 123.03 -1.65 -1.32% Feb 2018 11/20/2017
21.11.2017

Exchange Rates

Date: November 21, 2017; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 331
1 EURO EUR / KZT 390.32
1 RUSSIAN ROUBLE RUB / KZT 5.59
1 CHINESE YUAN CNY / KZT 49.94
1 KYRGYZIAN SOM KGS / KZT 4.76
1 CANADIAN DOLLAR CAD / KZT 259.38
1 AUSTRALIAN DOLLAR AUD / KZT 250.43

Date: November 21, 2017; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

331

1 EURO

EUR / KZT

390.32

1 RUSSIAN ROUBLE

RUB / KZT

5.59

1 CHINESE YUAN

CNY / KZT

49.94

1 KYRGYZIAN SOM

KGS / KZT

4.76

1 CANADIAN DOLLAR

CAD / KZT

259.38

1 AUSTRALIAN DOLLAR

AUD / KZT

250.43