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News: Thursday, June 22, 2017 -- Issue 2764 http://www.newsline.kz/rss/

Article of the Day

President Nazarbayev chairs 30th session of Foreign Investors Council in Astana
    The 30th plenary session of the Foreign Investors' Council chaired by President of Kazakhstan Nursultan Nazarbayev has kicked off in Astana today, Kazinform reports.
    The plenary session is themed The Future Energy. EBRD President Suma Chakrabarti, Minister for Investment and Development Zhenis Kassymbek, Minister of Energy Kanat Bozumbayev, President of CEO of GE Oil & Gas Lorenzo Simonelli, Eni Chief Executive Officer Claudio Descalzi, ADB Vice President for Private Sector and Cofinancing Operations Diwakar Gupta and many others are expected to deliver keynote speeches.
    The Foreign Investors' Council is a unique platform under the chairmanship of the President of Kazakhstan. Created in 1998, the FIC sees it as its mission to maintain direct dialogue between the Government of Kazakhstan and foreign investors to effectively solve the problems related to their investment activity in Kazakhstan and improve its investment climate. The FIC is comprised of heads of 35 large transnational foreign companies and international organizations.
    The FIC Secretariat notes that its work is gaining momentum in light of the recent instructions of the Head of State. The FIC plays an important role in propelling Kazakhstan into the club of the world's 30 most developed countries, according to Kazinform (inform.kz).

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Kazakhstan General

Kazakhstan, Thailand to introduce a mutual visa-free regime for citizens
    First Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tileuberdi met with Deputy Minister of Foreign Affairs of the Kingdom of Thailand Virasakdi ...
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Nearly 1200 prisoners released under amnesty law in Kazakhstan
    Nearly 1,200 prisoners have been released in Kazakhstan under an amnesty program for the 25th anniversary of Kazakhstans independence, the Penitentiary System Committee of the Ministry ...
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Heat up to 40 C forecast in Kazakhstan
    Meteorologists gave the forecast for June 22-24, Kazpravda.kz reports.
    "Active cyclones are moving one by one through Western Siberia, and the associated atmospheric fronts move through the ...
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Expo-2017

Expo hosts Media Forum
    The eyes of the world are already on Astana as it hosts EXPO 2017, a vast international fair from June to September, specialising in future energy ...
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UK presented the most delicate and durable material at EXPO 2017
    The UK EXPO pavilion in Astana held a presentation of the most delicate and durable material in the world - graphene, which is used in everyday ...
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Nigmatulin and South Korean Ambassador: topic of EXPO-2017 is current
    The current issues of bilateral relationship including interparliament partnership were discussed by speaker of Mazhilis Nurlan Nigmatulin and Kim Dae-sik, the Ambassador Extraordinary and Plenipotentiary of ...
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Oil and Gas Sector

Kazakhstan "hugely" important to oil and gas industry
    Kazakhstan, with its strategic trade position and strong energy portfolio, is "hugely" import to the global energy sector, a director at GE Oil & Gas said.
    General ...
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International Consortium for Eurasia Caspian project established
    Prime Minister of Kazakhstan Bakytzhan Sagintayev took part in the signing ceremony of the Memorandum of Understanding between the Energy Ministry and the Committee for Geology ...
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Kazakh PM, Chevron Vice President discuss modernization of Kazakhstan's oil and gas sector
    On June 21, Prime Minister of Kazakhstan Bakytzhan Sagintayev met with Executive Vice President of Chevron James W. Johnson within the framework of the upcoming 30th ...
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Kazakh Energy Minister voices oil price forecast
    Kazakh Minister of Energy Kanat Bozumbayev has announced the near future forecast for oil prices, Kazinform reports.
    "The price of oil has fallen due to the information ...
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Oil firms could waste trillions if climate targets reached -report
    Energy giants including Exxon Mobil (XOM.N) and Royal Dutch Shell (RDSa.L) risk wasting more than a third of their budgets on projects that will not be ...
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Prime Minister discussed prospects for further cooperation with the management of the Total company
    On June 21 on the threshold of the 30th plenary meeting of the Foreign Investors Council, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met ...
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Sagintayev discusses the implementation of joint projects with CNPC management
    Within the framework of the 30th meeting of the Foreign Investors Council, Prime Minister Bakytzhan Sagintayev met with the First Vice President of CNPC, President of ...
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Energy Industry

Kazakhstan to get 700 MW from new RES projects
    On June 21 at the Government House Kazakh Energy Ministry signed a number of important international agreements and memorandums with financial institutions and investors in the ...
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Ministry of Energy: Use of RES is an important direction in the development of Kazakhstan's energy sector
    The agreements signed yesterday in the Government between the Ministry of Energy of the Republic of Kazakhstan, financial institutions and investors will create the basis for ...
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Finance and Investment

Kazakhstan to reduce tax inspections
    The Kazakh government will reduce the number of tax inspections 37.5 percent in 2017, Minister of Finance Bakhyt Sultanov said during a June 19 joint session ...
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Unemployed and self-employed to fill Kazakh labour market next 5 yrs
    Labour and Social Welfare minister Tamara Duisenova gave a forecast on the labour market until 2023, Kazpravda.kz correspondent reports.
    Kazakhstan is short of qualified labour force, she ...
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Kazakhstan, World Bank are strong partners, says WB official
    Kazakhstan and the World Bank (WB) are celebrating a partnership anniversary this year, for in the last 25 years the financial institution has funded 45 projects ...
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Now in Kazakhstan, gold ingots can be bought in banks of second level
    In our restless time the question how to keep the savings, concerns many. Someone keeps money in the bank on deposit, someone at home in ...
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KASE day session: USDKZT_TOD = 326.63
    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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Sagintayev met with the Minister of Economic Affairs of the Netherlands Kamp
    On June 21 in Astana within the framework of the 30th plenary meeting of the Foreign Investors Council, Prime Minister of the Republic of Kazakhstan Bakytzhan ...
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Sagintayev, Managing Director of JPMorgan Chase discussed financial cooperation
    On June 21 in Astana Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev discussed issues of cooperation in financial sphere with Managing Director, Chief Executive ...
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Metals and Minerals

Polymetal government payments total USD225.8 million in 2016
    Polymetal International PLC released its report on government payments on Wednesday, revealing it paid a total of USD225.8 million in tax, rental fees, licence costs and ...
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Trade and Consumer Goods

EU, Kazakhstan promote control of dual-use goods in Central Asia
    The Head of the European Unions Delegation to Kazakhstan, Ambassador Traian Laurentiu Hristea, opened in Astana a regional conference on dual-use export control on 21 June ...
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Expansion of lentil plantings will make Kazakhstan the fourth top exporter
    The 2017 spring field work results were considered today at the Government of the Republic of Kazakhstan.
    The countrys planted areas totaled 22.5 Ml ha this year, ...
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Communications and Transportation

Astana airport renamed after Nursultan Nazarbayev
    Astana international airport has been reportedly renamed after the President and now it is "Nursultan Nazarbayev international airport," Kazakh media report Wednesday citing government resolution.
    The resolution ...
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Air Astana celebrates Skytrax success - for sixth consecutive year
    Air Astana, the flag carrier of Kazakhstan, has once again been recognized for 4 Star service excellence, retaining the accolade of Best Airline in Central Asia ...
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Information Ministry to punish mobile operations for malperformance
    The Kazakh Ministry of Information and Communications will start punishing mobile operators based on complaints from mobile users, Kazinform reports.
    On Wednesday, Minister Dauren Abayev revealed the ...
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Kazakh e-government mobile app offers 83 services
    Kazakhstans electronic government mobile app offers 83 services to its citizens, announced Deputy Minister of Information and Communication Kairat Balykbayev at a June 15 session of ...
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Europe's Telia finds it hard to say goodbye to Asia
    Stung by a corruption scandal over its investment in Uzbekistan, Scandinavian telecommunications company Telia declared in September 2015 that it would make a quick exit from ...
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KTZ establishes cooperation with foreign colleagues
    Chairman of "NC "Kazakhstan Temir Zholy" JSC Kanat Alpysbayev held bilateral meetings with the heads of railway administrations and transport and logistics companies that arrived in ...
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Pharmaceutical and Healthcare News

Sagintayev discussed prospects for development of pharmaceutical cooperation with a representative of Polpharma
    On June 21, on the threshold of the forthcoming 30th meeting of the Foreign Investors Council in Astana, the Prime Minister of the Republic of Kazakhstan ...
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Sports

WSB final match to take place July 15 at Astana Arena
    The Astana Arlans and Cuba Domadores, the two most decorated teams in the series, will contest July 15 for the World Series of Boxing (WSB) champions ...
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Regional News

China's private wealth market increased five-fold over the decade
    China's private wealth market has continued to maintain rapid growth, with the gross personal investable assets reaching 165 trillion yuan last year, according to the 2017 ...
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Economic Watch: China gains global market approval by MSCI inclusion
    China won a measure of recognition from the world's financial markets Wednesday (Beijing time) for its tireless efforts to upgrade and internationalize its financial markets.
    Global equity ...
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In January-May of 2017, Russia increased agricultural production - Rosstat
    In January-May of 2017, the volume of agricultural commodities production in Russia totaled 1.298 trln RUR in current prices, an increase of 0.6% compared with the ...
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Russia looks to maintain huge share in global arms market
    One of Russias top arms trade officials believes markets will remain pretty steady over the next few years and that Moscow wont be losing any ...
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Russia writes off all of Kyrgyzstans debts
    Kyrgyzstan's Finance Ministers Adylbek Kasymaliev and Russia's Anton Siluanov signed a protocol on writing off of Kyrgyzstan's debt to Russia totaling $ 240 million.
    The signing ceremony ...
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Kyrgyz Zhongda oil refinery sued for causing damage to water resources
    The Zhongda oil refinery in Kara-Balta was sued for causing damage to water resources. The problems with biological treatment of water are tangentially related to industrial ...
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Uralmashzavod to supply mining equipment to Uzbekistan
    Russias Uralmashzavod (UZTM) plans to sign a contract for supply of mining equipment with the Navoi Mining and Smelting Combine (NGMK), the press service of UZTM ...
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Prices and Statistics

Commodities
    

Date: June 22, 2017; Source: Bloomberg.com

Energy

Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/bbl. 42.53 0.00 0.00% Aug 2017 1:17 AM
USD/bbl. 44.80 -0.02 -0.04% Aug 2017 1:17 AM
USd/gal. 140.80 -0.25 -0.18% Jul 2017 12:10 AM
USD/MMBtu 2.90 +0.01 +0.17% Jul 2017 1:16 AM
USd/gal. 136.30 -0.18 -0.13% Jul 2017 12:56 AM
 
Index Units Price Change %Change Contract Time (EDT) 2 Day
USD/t oz. 1,253.10 +7.30 +0.59% Aug 2017 1:18 AM
USD/t oz. 1,253.35 +6.87 +0.55% N/A 1:28 AM
USD/t oz. 16.57 +0.19 +1.17% Sep 2017 1:17 AM
USd/lb. 260.75 -0.75 -0.29% Sep 2017 1:10 AM
USD/t oz. 932.36 +4.08 +0.44% N/A 1:28 AM
Index Units Price Change %Change Contract Time (EDT) 2 Day
USd/bu. 375.75 -1.00 -0.27% Sep 2017 1:14 AM
USd/bu. 476.75 -2.75 -0.57% Sep 2017 1:12 AM
USD/MT 1,853.00 -65.00 -3.39% Sep 2017 6/21/2017
USd/lb. 67.75 -0.42 -0.62% Dec 2017 1:01 AM
USd/lb. 115.35 -0.55 -0.47% Aug 2017 6/21/2017
 

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Exchange Rates
    

Date: June 22, 2017; Source: the National Bank of Kazakhstan

1 USD KZT 326.28 1 CHF

KZT 335.13

1 CNY

KZT 47.8

1 TRY KZT 92.15 1 JPY KZT 2.94
1 EUR

KZT 363.67

1 AUD

KZT 246.86

1 KGS KZT 4.76 100 UZS KZT 8.32 1 BYN KZT 170.11
1 GBP KZT 412.19 1 CAD KZT 245.47 1 RUB KZT 5.47 100 KRW KZT 28.54 1 UAH KZT 12.54

 

 

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