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News: Thursday, August 03, 2017 -- Issue 2793 http://www.newsline.kz/rss/

Article of the Day

Nominal wages increased almost in all countries of the Eurasian Economic Union in Jan-June 2017 as Kazakh real wages declined
    Nominal wages rose almost in all countries of the Eurasian Economic Union in Jan-June 2017, the press office of the union reported on Wednesday referring to reports of member countriesí national statistical services.
    Belarus accounted for a 9.5% year-on-year growth in Jan-June 2017 showing the best result among the union member countries, Russia accounted for 7.2%, Kyrgyzstan for 5.5%, Kazakhstan for 5.1% and Armenia for 1.3%.
    The average nominal monthly salary in Russia was equal to $666 in the first half of this year, in Kazakhstan to $455, in Belarus to $ 405, in Armenia to $378 and in Kyrgyzstan to $209.
    The real salary, with taking into account consumer prices for goods and services, rose 2.3% in Belarus, 3% in Kyrgyzstan (Jan-May) and 2.7% in Russia, while in Kazakhstan it reduced by 2.4% and in Armenia it remained unchanged, compared with the same period a year earlier.
    The calculations were based on the national central banksí foreign exchange rates of their national currencies to the US dollar.
    But the decline in Kazakh citizens' real wages has accelerated in Q2 2017 as the purchasing power of the wage earners has dropped 2.9 percent against the last year level, according to Ranking.kz.
    Recall that the annual decline in the value of wages in Kazakhstan was 2pct in January-March this year.
    At the same time, the average monthly nominal wages of the Kazakh residents grew 4.4pct, however, the basic consumer goods and services price rise turned out to be higher, and the real value of the wage and salary income in the country happened to be lower.
    The national wage labor market is trying to get back, however, the growth rates are rather weak.
    The actual number of employees in Kazakhstan in January-June this year equaled 3.5 million people. This is only 1.5pct more than the number a year ago.
    It is noteworthy that the labour market size showed a steep decline last year, when the average annual decrease was 5.4%. Over the last 5 years, the maximum number of employees in the country, 3.6 million people, was recorded in 2015.
    In Q2 2017, the growth in real wages was registered in two regions of the Republic of Kazakhstan, in Aktobe (1.3pct) and Mangystau regions (0.8pct).
    In addition to the above, the residents of Atyrau region experienced the greatest decline in the purchasing power in April-June. There, the real wages fell 13.3% as compared to Q2 2016.
    In Astana, the salaries of workers began to value 0.1 percent lower, taking into account the inflation. In Almaty, the real wages dropped more considerably, minus 5.2% year on year.
    Since this year, the Productive Employment and Mass Entrepreneurship Development Programme has started in Kazakhstan.
    The programmeís timeline is until 2021. After its completion, it is expected that the unemployment rate in Kazakhstan will not exceed 4.8pct; the share of human resources having basic, secondary, general and primary education in the labor force will not exceed 20pct; the share of non-productive population among the self-employed will not exceed 10%.
    Reported by Arka (Armenia), Kazinform.

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Kazakhstan General

State technical service transferred from MIC to NSC
    The State Technical Service, which runs the sphere of information, electronic documents and electronic digital signatures, communications and television and radio broadcasting, was transferred to the ...
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New Kazakhstani charity to fight extremism, prevent radicalisation
    A new Kazakhstani charity is helping the government and clergy fight extremism's inroads, say observers.
    The Astana-based Uakyp Foundation, which was registered with the Justice Ministry ...
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Kazakhstan Country Report July, 2017
    The commodity-dependent Kazakh economy experienced one of its toughest years in 2016 as a result of low oil and other commodity prices together with a slowdown ...
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Kazakhstan to enjoy cooler weather in upcoming days
    Kazakhstani meteorologists predict that fervent heat will give way to cooler temperature in the upcoming days across Kazakhstan.
    According to Kazhydromet, occasional rains with thunderstorms, hail and ...
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Expo-2017

Astana World Exhibition looks to future energy as shared resource
    Sharing seems second nature to the Kazakhs, so much so that one cannot attend a meeting at the Permanent Mission of Kazakhstan to the United Nations ...
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Tour de France winner Chris Froome to race in EXPO 2017 International Criterium
    Tour de France 2017 winner and British cyclist Christopher Froome will participate in the August 12 EXPO 2017 International Criterium cycling event in Astana, President of ...
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Italyís EXPO 2017 pavilion showcases nationís history, achievements
    The nearly 900-square metre Italian pavilion is one of the largest at EXPO 2017. The average visit lasts about 20-30 minutes, which top Italian officials assure ...
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Kazakh designers showcase workwear of future at EXPO-2017
    Kazakhstani designers have developed clothes, which are convenient not only for office hours and comply with the business dress code, but are also suitable to ride ...
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Oil and Gas Sector

Iran ready to resume oil swaps with Russia, Turkmenistan, Kazakhstan: minister
    Iran would resume oil swap with Russia, Turkmenistan, and Kazakhstan as soon as the countries supply the required crude, Oil Minister Bijan Zanganeh said.
    Speaking to ...
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Reviewing Royal Dutch Shell PLC and ENI S.p.A.
    Royal Dutch Shell PLC (NYSE: RDS.A) and ENI S.p.A. (NYSE:E), both of which are outstanding investors and operators in Kazakhstan, are both large-cap oils/energy companies, but ...
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Russiaís natural gas producer mulls over LNG terminal in Kamchatka
    Russiaís independent natural gas producer NOVATEK is considering the construction of a large transshipment liquefied natural gas (LNG) terminal on the Kamchatka Peninsula with a capacity ...
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Med Crude-Urals at multi-year highs on strong margins, demand, arbitrage to Asia
    Kazakhstanís benchmark Urals crudeís differentials to dated Brent rose again on Wednesday as strong margins, limited supply and a steady flow of Baltic barrels to Asia ...
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Oil prices rise amid record U.S. gasoline demand
    Oil prices edged higher on Wednesday, as surging U.S. fuel demand and strong refinery runs offset data from the Energy Department that showed crude inventories did ...
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Finance and Investment

Finance Ministry: legalised money adds KZT150B to budget
    The tax revenues obtained within the recent legalization campaign make KZT150 billion of the national budget every year, Kazinform reports with reference to the Deputy Minister ...
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Inflation has moderated in July
    —onsumer inflation eased to 0.1% mom in July 2017 to 7.1% yoy, 3.8% from the beginning of the year. The level of average annual inflation fell ...
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Head of branch of Halyk Bank convicted in Atyrau region
    The court sentenced the head of the Inder district department of Atyrau branch of Halyk Bank, Kazinform reports.
    "During the trial it was found out that the ...
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Kazakhstanís National Bank blames weak tenge on rouble, speculation
    The Kazakh tenge's weakness is driven largely by speculative factors and the depreciation of the Russian rouble, Kazakhstan's central bank said on
    Wednesday, as the local ...
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Kazakhs buy less foreign currency
    In June, the volume of the net purchase of cash US dollars by the population at the exchange offices decreased by 9.8% compared to the previous ...
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KASE day session: USDKZT_TOD = 335.72
    The day foreign currencies trading session ended on Kazakhstan Stock Exchange (KASE).
    Based on results of trades on the spot-market:
    - weighted average US dollar rate with settlements ...
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Metals and Minerals

Itís been a crucial week for Polymetal International; hereís what analysts have to say.
    Among 14 analysts covering Polymetal International PLC (LON:POLY), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. Polymetal International PLC had 89 ...
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Cameco has decreased its loss by 66% in 1Q2017
    Last week Cameco published its operational and financial results for 2Q2017.
    Volume of uranium production decreased by 1%, mainly due to decreasing production at Inkai and suspension ...
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Centerra Gold presented strong results for 2q and raised gold production guidance for 2017
    In 2q2017 the company produced 195 719 ounces of gold, out of which 138 623 ounces at Kumtor (+42% yoy). At Mount Milligan mine the company ...
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London copper slips as dollar sparks profit-taking, aluminium up
    London copper slipped on Wednesday but stayed within reach of two-year highs hit earlier this week, as a slightly firmer dollar sparked profit-taking while a brightening ...
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Gold holds near seven-week high as investors look to Fed
    Gold prices held near seven-week highs on Wednesday after data showed fewer new jobs than forecast were created in the United States in July, bolstering expectations ...
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Spot uranium prices see first big movement in months
    After months of sideways movement, TradeTechís weekly uranium price indicator surged by 3% last week, rising to $20.60 per lb.
    While 3% may not seem to be ...
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Trade and Consumer Goods

Kazakhstan. Grain yield forecasts are raised
    In its July report, Europeís Monitoring Agricultural Resources Unit (MARS) forecasts winter wheat yield in Kazakhstan at 1.82 MT/ha, or 11% more than forecast in June ...
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Futures: bears hold fire on ags, although wheat struggles
    Ag markets came nowhere near the record-breaking performance of shares, which pushed the Dow Jones Industrial Average above 22,000 for the first time, helped by a ...
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EBRD finances district heating in Ust-Kamenogorsk, Kazakhstan
    The EBRD is increasing its support for municipalities in the regions of Kazakhstan with a new investment in East Kazakhstan: the modernisation of the district heating ...
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Communications and Transportation

Network sharing is the way ahead for Kcell in Kazakhstan
    Kazakhstan operator Kcell is planning to go to the market to look for alternative providers of nationwide long-distance fibre networks.
    The business, in which Swedenís Telia ...
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ICAO to audit aviation security in Kazakhstan
    A comprehensive audit of aviation security is expected in Kazakhstan in November this year. This was announced during the official visit of the Secretary General of ...
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EBRD funds Circle Maritime Invest Anchor handlers
    The European Bank for Reconstruction & Development (EBRD) has agreed to provide a six-year secured loan to Circle Maritime Invest to support the acquisition of two ...
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Culture and Society

Sea Cup 2017: Warships to conduct artillery firing in Caspian Sea
    Warships of Azerbaijan, Russia, Iran and Kazakhstan are on the Caspian Sea to carry out artillery fire on the marine targets as part of the Sea ...
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Regional News

Green revolution turns windy pass in northwest China's Xinjiang into a land of hope
    20 years have passed since Gong Zhengxiu first came to work as a ranger at Laofengkou, a notorious mountain pass in Tacheng, northwest China's Xinjiang Uygur ...
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BRICS nations unite to fight protectionism
    Trade ministers from BRICS countries agreed to oppose protectionism and safeguard the multilateral trade system after concluding their annual meeting in Shanghai Wednesday.
    All member countries, Brazil, ...
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China Focus: The world's factory replaces men with machines
    Unlike college graduates who swarm into office buildings as white collar workers, Yang Jitian is a blue collar worker in Dongguan, southern China's Guangdong Province.
    After graduating ...
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Putin signs law establishing fund for shared-equity construction
    President of Russia Vladimir Putin signed the federal law on the establishment of a compensation fund for shared-equity construction, which will replace the existing system of ...
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Plant producing vitamin and grass meal to be built in Novgorod region
    An investor from the Moscow region will build a plant producing vitamin and grass meal with a capacity of 7,500 tons in the Novgorod region.
    According to ...
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Russia: in the first half of 2017, agricultural enterprises increased grain sales - Rosstat
    In January-June of 2017, Russian agricultural enterprises increased its grain selling volumes by 11.4% compared with the same period last year, to 17 mln tonnes, reported ...
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Turkmenistan boosts construction materials industry
    Turkmenistanís construction industry reaches high levels of growth and development. The countryís policy regarding boosting the activity of local companies engaged in production of building materials ...
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Ashgabat, Bishkek mull prospects of trade cooperation
    Presidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev during a phone conversation confirmed the existence of great potential for boosting relations in a wide ...
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Expert says Line D via Tajikistan to China positive for Turkmenistan
    The construction of a gas trunk line, called Line D, via Tajikistan to China is definitely positive for Turkmenistan, even if it makes the Central Asian ...
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Afghanistan prepares for influx of Central Asian militants from Mideast
    Afghanistan is preparing for an influx of defeated Central Asian militants from the Mideast as the "Islamic State" (IS) crumbles, Radio Free Europe/Radio Liberty (RFE/RL)'s Gandhara ...
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New 'Islamic State' Khorasan video: children executing children
    The "Islamic State" (IS) Khorasan branch stooped to a new low recently when it released a video from an undisclosed location in Afghanistan showing children executing ...
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Prices and Statistics

Commodities
    

Date: August 3, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 49.42 -0.17 -0.34% Sep 2017 2:09 AM
USD/bbl. 52.16 -0.20 -0.38% Oct 2017 2:10 AM
USd/gal. 163.57 -0.91 -0.55% Sep 2017 2:07 AM
USD/MMBtu 2.82 +0.01 +0.18% Sep 2017 2:09 AM
USd/gal. 165.12 -0.76 -0.46% Sep 2017 2:08 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,268.60 -9.80 -0.77% Dec 2017 2:08 AM
USD/t oz. 1,262.44 -4.21 -0.33% N/A 2:19 AM
USD/t oz. 16.51 -0.22 -1.33% Sep 2017 2:09 AM
USd/lb. 288.00 -0.45 -0.16% Sep 2017 2:09 AM
USD/t oz. 948.12 +0.57 +0.06% N/A 2:19 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 378.00 -1.00 -0.26% Dec 2017 2:09 AM
USd/bu. 459.25 -1.50 -0.33% Sep 2017 2:08 AM
USD/MT 2,055.00 +32.00 +1.58% Sep 2017 8/2/2017
USd/lb. 70.54 +0.20 +0.28% Dec 2017 2:05 AM
USd/lb. 114.68 +1.80 +1.59% Oct 2017 8/2/2017
 

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Exchange Rates
    

Date: August 3, 2017; Source: the National Bank of Kazakhstan

1 AUSTRALIAN DOLLAR AUD / KZT 266.73  
1 AZERBAIJAN MANAT AZN / KZT 200.72  
10 ARMENIAN DRAM AMD / KZT 7.02  
1 BELARUS ROUBLE BYN / KZT 171.9  
1 BRAZILIAN REAL BRL / KZT 107.23  
10 HUNGARIAN FORINTS HUF / KZT 13.08  
1 HONG KONG DOLLAR HKD / KZT 42.88  
1 GEORGIAN LARI GEL / KZT 140.61  
1 DANISH KRONA DKK / KZT 53.35  
1 UAE DIRHAM AED / KZT 91.27  
1 US DOLLAR USD / KZT 335.21  
1 EURO EUR / KZT 396.79  
1 INDIAN RUPEE INR / KZT 5.25  
1000 IRANIAN RIAL IRR / KZT 10.23  
1 CANADIAN DOLLAR CAD / KZT 266.76  
1 CHINESE YUAN CNY / KZT 49.88  
1 KUWAIT DINAR KWD / KZT 1114.39  
1 KYRGYZIAN SOM KGS / KZT 4.86  
1 MALAYSIAN RINGGIT MYR / KZT 78.25  
1 MEXICAN PESO MXN / KZT 18.72  
1 MOLDAVIAN LEY MDL / KZT 18.75  
1 NORWEGIAN KRONA NOK / KZT 42.36  
1 POLISH ZLOTY PLN / KZT 93.35  
1 SAUDI RIYAL SAR / KZT 89.39  
1 RUSSIAN ROUBLE RUB / KZT 5.53  
1 SDR XDR / KZT 473.28  
1 SINGAPORE DOLLAR SGD / KZT 246.62  
1 TAJIKISTAN SOMONI TJS / KZT 38.18  
1 THAI BAHT THB / KZT 10.08  
1 TURKISH LIRA TRY / KZT 94.9  
100 UZBEKISTAN SUM UZS / KZT 8.19  
1 UKRAINIAN GRIVNA UAH / KZT 12.94  
1 GREAT BRITAIN POUND GBP / KZT 443.45  
1 CRECH KORUNA CZK / KZT 15.21  
1 SWEDISH KRONA SEK / KZT 41.35  
1 SWISS FRANC CHF / KZT 345.86  
1 SOUTH AFRICAN RAND ZAR / KZT 25.21  
100 SOUTH KOREAN WON KRW / KZT 29.86  
1 JAPANESE YEN JPY / KZT 3.03  

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