Issue 4020 - 10.08.2022
10.08.2022

Head of State receives Kazakh PM

Head of State Kassym-Jomart Tokayev received Prime Minister Alikhan Smailov to hear a report on the results of Kazakhstan’s socioeconomic development in January-July 2022, Kazinform has learned from the Akorda press service.

According to Prime Minister Smailov, the country’s GDP has grown by 3.2% in the reporting period. Production of goods has increased by 3.3%, while volume of service has spiked by 2.4%. Сonstruction, trade, processing industry, transport and communications are the sectors which have seen the biggest growth in the reporting period.

The Prime Minister informed the President of the measures taken to control food staples’ prices as the Kazakh Government continues on with the plan on ensuring food security in 2022-2024.

The head of the Government briefed the Head of State on the work done to lower inflation, demonopolise economy, develop the transit and transport potential and implement the pool of investment projects worth KZT 22.2 trillion.

In addition, Prime Minister Smailov made a presentation of the forecast of Kazakhstan’s socioeconomic development for 2023-2025.

In conclusion, President Tokayev pointed out the need to carry on the structural reforms and demonopolization of economy, continue to support entrepreneurs and raise household incomes of Kazakhstanis.

Reported by Kazinform.

Kazakhstan General

10.08.2022

Kazakhstan reports 1,650 new COVID cases

Over the past 24 hours Kazakhstan had detected 1,650 new COVID-19 cases as of Wednesday morning, the Telegram Channel of the Interdepartmental Commission for preventing coronavirus spread read.

Of which 427 fresh cases were reported in the city of Nur-Sultan, 183 in Almaty, 28 in Shymkent, 81 in the Akmola region,...

Over the past 24 hours Kazakhstan had detected 1,650 new COVID-19 cases as of Wednesday morning, the Telegram Channel of the Interdepartmental Commission for preventing coronavirus spread read.

Of which 427 fresh cases were reported in the city of Nur-Sultan, 183 in Almaty, 28 in Shymkent, 81 in the Akmola region,...

Finance and Investment

10.08.2022

Loan portfolio of Kazakh banks increases by 2.7% mom in June

Against the background of the general stabilisation of the socio-economic situation within the country, the pace of lending in the republic accelerated. The loan portfolio of Kazakh banks in June increased by 2.7% mom (+0.6% mom in May) to KZT20,051bln (+8.4% YTD) both due to lending to individuals (+2.9%) and...

Against the background of the general stabilisation of the socio-economic situation within the country, the pace of lending in the republic accelerated. The loan portfolio of Kazakh banks in June increased by 2.7% mom (+0.6% mom in May) to KZT20,051bln (+8.4% YTD) both due to lending to individuals (+2.9%) and...

10.08.2022

Investment in fixed capital in Kazakhstan in defence sector doubles

In the first half of this year, investments in fixed assets in the field of public administration and defence, as well as compulsory social security in Kazakhstan, reached 38.8 billion tenge, which is 2.2 times more than a year earlier (IFO 205.9%).

For comparison: in the first half of 2021, investments...

In the first half of this year, investments in fixed assets in the field of public administration and defence, as well as compulsory social security in Kazakhstan, reached 38.8 billion tenge, which is 2.2 times more than a year earlier (IFO 205.9%).

For comparison: in the first half of 2021, investments...

10.08.2022

Non-cash transactions in Kazakhstan increase to record 43.9 trillion tenge

The Analytical Centre of the Association of Financiers of Kazakhstan has published a review of statistics on non-cash card transactions for the first half of 2022.

Growth in non-cash transactions in the country slowed to double digits (+48% yoy) compared to triple digits (+148% yoy) in the first half of last...

The Analytical Centre of the Association of Financiers of Kazakhstan has published a review of statistics on non-cash card transactions for the first half of 2022.

Growth in non-cash transactions in the country slowed to double digits (+48% yoy) compared to triple digits (+148% yoy) in the first half of last...

10.08.2022

Assets of life insurance companies in Kazakhstan increase to 833 billion tenge

The Analytical Centre of the Association of Financiers of Kazakhstan has published a review of the Kazakhstani life insurance market for the first half of 2022.

In the first half of 2022, the main indicators of the life insurance market showed growth, with the exception of the volume of insurance premiums...

The Analytical Centre of the Association of Financiers of Kazakhstan has published a review of the Kazakhstani life insurance market for the first half of 2022.

In the first half of 2022, the main indicators of the life insurance market showed growth, with the exception of the volume of insurance premiums...

10.08.2022

Business activity index of Kazakhstan falls in July

Director of the Monetary Policy Department of the National Bank Rustem Orazalin spoke about the business activity index in July 2022, citing the press service of the NBRK.

“The low level of new orders in a number of industries, as well as long lead times for the supply of raw materials...

Director of the Monetary Policy Department of the National Bank Rustem Orazalin spoke about the business activity index in July 2022, citing the press service of the NBRK.

“The low level of new orders in a number of industries, as well as long lead times for the supply of raw materials...

10.08.2022

Kazakhstani insurance companies promote illness insurance

Quarantine restrictions have already been eased in many countries, and tourism is gradually recovering. But health issues and the likelihood of hospitalisation in another country are no less relevant than during the coronavirus pandemic. What insurance programs are on the market and what points of the contract should be paid...

Quarantine restrictions have already been eased in many countries, and tourism is gradually recovering. But health issues and the likelihood of hospitalisation in another country are no less relevant than during the coronavirus pandemic. What insurance programs are on the market and what points of the contract should be paid...

10.08.2022

Pension system of Kazakhstan changes

The Ministry of Labour told what changes await the pension system of Kazakhstan. In response to an official request, the department noted that from January 1, 2023, the introduction of a 5% mandatory pension contribution for employers is envisaged. This is spelled out in the concept of further modernisation of...

The Ministry of Labour told what changes await the pension system of Kazakhstan. In response to an official request, the department noted that from January 1, 2023, the introduction of a 5% mandatory pension contribution for employers is envisaged. This is spelled out in the concept of further modernisation of...

10.08.2022

Association of Financiers of Kazakhstan tells how to protect investments during crisis

Analyst of the Association of Financiers of Kazakhstan Ramazan Dosov noted that in matters of investment it is important to clearly define the investment horizon, risk appetite, volume and structure of the potential portfolio.

Further, in his opinion, for the vast majority of instruments (stocks, bonds, precious metals, mutual funds, housing),...

Analyst of the Association of Financiers of Kazakhstan Ramazan Dosov noted that in matters of investment it is important to clearly define the investment horizon, risk appetite, volume and structure of the potential portfolio.

Further, in his opinion, for the vast majority of instruments (stocks, bonds, precious metals, mutual funds, housing),...

10.08.2022

Weighted average dollar rate at Kazakhstan Stock Exchange amounts to 478.46 tenge

The weighted average rate on the Kazakhstan Stock Exchange (KASE) on August 9, 2022 at 17:00 amounted to 478.46 tenge per dollar. Compared to the data at 17:00 on August 8 (476.66 tenge per 1 dollar), the national currency weakened by 1.8 tenge. According to KASE, the minimum rate at...

The weighted average rate on the Kazakhstan Stock Exchange (KASE) on August 9, 2022 at 17:00 amounted to 478.46 tenge per dollar. Compared to the data at 17:00 on August 8 (476.66 tenge per 1 dollar), the national currency weakened by 1.8 tenge. According to KASE, the minimum rate at...

10.08.2022

Greenback swaggers for lack of direction

The dollar was mixed on Tuesday as markets brace for the latest US inflation reading.

"Tomorrow the latest US inflation figures will be released, in what is likely to be this week's big moment for the American currency. Current investor expectations factor in another 75 bp Fed rate hike in September....

The dollar was mixed on Tuesday as markets brace for the latest US inflation reading.

"Tomorrow the latest US inflation figures will be released, in what is likely to be this week's big moment for the American currency. Current investor expectations factor in another 75 bp Fed rate hike in September....

10.08.2022

Stock markets subdued as bulls stick to cash

European shares were lower on Tuesday as investors took some money off the table ahead of key US consumer price inflation data due out the next day.

The pan-European Stoxx 600 index fell 0.67%, after making gains on Monday.

Britain's FTSE 100 was just above the flatline after data showed retail sales...

European shares were lower on Tuesday as investors took some money off the table ahead of key US consumer price inflation data due out the next day.

The pan-European Stoxx 600 index fell 0.67%, after making gains on Monday.

Britain's FTSE 100 was just above the flatline after data showed retail sales...

Oil and Gas Sector

10.08.2022

ExxonMobil announces sanctions risks for oil transportation from Kazakhstan

One of the shareholders of CPC ExxonMobil said that he sees sanctions risks for the transportation of oil from Kazakhstan through the system of the Caspian Pipeline Consortium, Interfax reports.

“In the event of an expansion of existing sanctions related to military operations in Ukraine, the imposition of new sanctions, the...

One of the shareholders of CPC ExxonMobil said that he sees sanctions risks for the transportation of oil from Kazakhstan through the system of the Caspian Pipeline Consortium, Interfax reports.

“In the event of an expansion of existing sanctions related to military operations in Ukraine, the imposition of new sanctions, the...

10.08.2022

Kazakhstan runs $6bln surplus on rising fuel prices

Kazakhstan found itself in a balance of payments surplus thanks to rising fuel prices, NBRK Chairman Galymzhan Pirmatov said in an August 8 interview.

“Indeed, in the first half of the year we observed the highest prices in recent years. Considering that, on average, 60% of Kazakhstan's exports are oil, the...

Kazakhstan found itself in a balance of payments surplus thanks to rising fuel prices, NBRK Chairman Galymzhan Pirmatov said in an August 8 interview.

“Indeed, in the first half of the year we observed the highest prices in recent years. Considering that, on average, 60% of Kazakhstan's exports are oil, the...

10.08.2022

KazTransGas Aimak doubles prices for services in Kyzylorda region

The Department of Economic Investigations for the Kyzylorda region is conducting a pre-trial investigation into the fact of an unjustified increase in tariffs against officials of KazTransGas Aimak, with reference to the press service of the Agency for Financial Monitoring.

“During the investigation of the case, the company’s income from illegal...

The Department of Economic Investigations for the Kyzylorda region is conducting a pre-trial investigation into the fact of an unjustified increase in tariffs against officials of KazTransGas Aimak, with reference to the press service of the Agency for Financial Monitoring.

“During the investigation of the case, the company’s income from illegal...

10.08.2022

Ukraine halts Russian oil supply to EU

Ukraine’s state oil pipeline operator Ukrtransnafta has stopped pumping Russian, Kazakh and Turkmen crude through the southern branch of the Druzhba system to the EU, RIA Novosti news agency reported on Monday, citing Russia’s Transneft.

According to the report, transit supplies have been halted to Hungary, the Czech Republic and Slovakia.

Igor...

Ukraine’s state oil pipeline operator Ukrtransnafta has stopped pumping Russian, Kazakh and Turkmen crude through the southern branch of the Druzhba system to the EU, RIA Novosti news agency reported on Monday, citing Russia’s Transneft.

According to the report, transit supplies have been halted to Hungary, the Czech Republic and Slovakia.

Igor...

10.08.2022

Brent recovers after mini-slump

Oil rose $1 a barrel on Tuesday, reversing an earlier decline, after Russia said oil exports to Europe via the southern leg of the Druzhba pipeline had been suspended since early August, reviving concern about tight supply.

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg...

Oil rose $1 a barrel on Tuesday, reversing an earlier decline, after Russia said oil exports to Europe via the southern leg of the Druzhba pipeline had been suspended since early August, reviving concern about tight supply.

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg...

10.08.2022

Gazprom supplies gas for Europe through Ukraine equaling 42.1 mln cubic meters via Sudzha

The day before, the pumping volume made up 41.8 mln cubic meters

MOSCOW, August 9. /TASS/. Gazprom supplies gas for Europe through Ukraine in the volume of 42.1 mln cubic meters per day via the Sudzha gas pumping station, a Gazprom representative told reporters, adding that the request for pumping through...

The day before, the pumping volume made up 41.8 mln cubic meters

MOSCOW, August 9. /TASS/. Gazprom supplies gas for Europe through Ukraine in the volume of 42.1 mln cubic meters per day via the Sudzha gas pumping station, a Gazprom representative told reporters, adding that the request for pumping through...

10.08.2022

Natural gas benchmarks back down pending new heat wave

British and Dutch gas prices were mostly down on Tuesday morning after the French nuclear regulator said it would tweak rules that would keep nuclear plants running during a heatwave.

The British contract for immediate delivery was up 8.00 pence at 278.00 pence per therm by 0952 GMT, after rising to 298.00 p/therm...

British and Dutch gas prices were mostly down on Tuesday morning after the French nuclear regulator said it would tweak rules that would keep nuclear plants running during a heatwave.

The British contract for immediate delivery was up 8.00 pence at 278.00 pence per therm by 0952 GMT, after rising to 298.00 p/therm...

Metals and Minerals

10.08.2022

Glencore's smelter warning galvanises zinc prices

The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore, which controls multiple mining and metallurgy assets in the world including Kazakhstan’s combine Kazzinc, warned of the continuing margin squeeze on its European smelters.

The commodities powerhouse idled part of its Portovesme smelter in Italy at the...

The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore, which controls multiple mining and metallurgy assets in the world including Kazakhstan’s combine Kazzinc, warned of the continuing margin squeeze on its European smelters.

The commodities powerhouse idled part of its Portovesme smelter in Italy at the...

10.08.2022

Bullion down as US monetary policy hangs in the air

Gold prices inched lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising pricing pressures.

Spot gold was down 0.2% at $1,785.89

per ounce, as of 0710 GMT. U.S. gold futures eased 0.2% to...

Gold prices inched lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising pricing pressures.

Spot gold was down 0.2% at $1,785.89

per ounce, as of 0710 GMT. U.S. gold futures eased 0.2% to...

10.08.2022

Copper gas ground as other base metals post losses

Zinc prices in London fell on Tuesday, as higher inventories in exchange warehouses raised concerns over demand for the metal despite prospects of disrupted supply amid an energy crisis.

Three-month zinc on the London Metal Exchange  fell 0.7% to $3,423 a tonne, as of 0331 GMT, retreating from a six-week high scaled...

Zinc prices in London fell on Tuesday, as higher inventories in exchange warehouses raised concerns over demand for the metal despite prospects of disrupted supply amid an energy crisis.

Three-month zinc on the London Metal Exchange  fell 0.7% to $3,423 a tonne, as of 0331 GMT, retreating from a six-week high scaled...

10.08.2022

Metallurgical industry leads in terms of investment in EAEU

In terms of investment in the EAEU, the metallurgical industry is the leader, according to the Strategic Culture Fund publication on August 8.

“Financial experts of the EAEU countries believe that the current level of economic integration does not provide prerequisites for the introduction of a single currency in the space,”...

In terms of investment in the EAEU, the metallurgical industry is the leader, according to the Strategic Culture Fund publication on August 8.

“Financial experts of the EAEU countries believe that the current level of economic integration does not provide prerequisites for the introduction of a single currency in the space,”...

Manufacturing industry

10.08.2022

Investor from Netherlands helps launch plant in Kazakhstan

In the Almaty region, two production facilities are expected to open. One of the projects is being implemented with a foreign investor. According to the regional administration, it is planned to open a plant for waste-free production of building materials from alloys in the Bereke industrial zone by the end...

In the Almaty region, two production facilities are expected to open. One of the projects is being implemented with a foreign investor. According to the regional administration, it is planned to open a plant for waste-free production of building materials from alloys in the Bereke industrial zone by the end...

Trade and Consumer Goods

10.08.2022

Kazakhstan almost doubles exports to USA in 1H 2022

Export from Kazakhstan to the United States almost doubled in the first half of the year. Deliveries to the United States in January-June 2022 exceeded $730 million, up by 98% from the same period in 2021. The largest volume is occupied by crude oil and oil products. As well as...

Export from Kazakhstan to the United States almost doubled in the first half of the year. Deliveries to the United States in January-June 2022 exceeded $730 million, up by 98% from the same period in 2021. The largest volume is occupied by crude oil and oil products. As well as...

Agriculture

10.08.2022

Sunflower oil in Kazakhstan increases in price by 12% over year

The volume of sunflower oil production in the first half of 2022 reached 235 thousand tonnes, which is 38.1% more than in the same period last year. Unrefined sunflower oil accounted for 160,000 tonnes (a 71.5% increase on-year), and 75,000 tonnes for refined sunflower oil (2.5% less than in the...

The volume of sunflower oil production in the first half of 2022 reached 235 thousand tonnes, which is 38.1% more than in the same period last year. Unrefined sunflower oil accounted for 160,000 tonnes (a 71.5% increase on-year), and 75,000 tonnes for refined sunflower oil (2.5% less than in the...

10.08.2022

Kazakhstan and Russia continue to cooperate in agricultural sector

In Moscow, negotiations were held between the head of Rosselkhoznadzor Sergey Dankvert and the Chairman of the Committee for Veterinary Control and Supervision of the Ministry of Agriculture of Kazakhstan Askar Zhakupbaev. During the meeting, data on trade between the countries was announced.

Thus, in the current year, Russia increased the...

In Moscow, negotiations were held between the head of Rosselkhoznadzor Sergey Dankvert and the Chairman of the Committee for Veterinary Control and Supervision of the Ministry of Agriculture of Kazakhstan Askar Zhakupbaev. During the meeting, data on trade between the countries was announced.

Thus, in the current year, Russia increased the...

10.08.2022

Pavlodar region of Kazakhstan prepares for grain harvest

In fact, behind the first third of August, the fields of Pavlodar region become livelier: naturally, the harvesting of roughage does not stop, but only picks up pace, and some peasants put the first harvesters into grain fields: we are talking about early sowings and winter crops, they are gradually...

In fact, behind the first third of August, the fields of Pavlodar region become livelier: naturally, the harvesting of roughage does not stop, but only picks up pace, and some peasants put the first harvesters into grain fields: we are talking about early sowings and winter crops, they are gradually...

10.08.2022

Bulls recapture US grain benchmarks

Chicago corn, wheat and soybean futures rose on Tuesday after reduced U.S. crop ratings in a weekly government report put attention back on weather risks.

The decline in growing conditions, together with a weaker dollar, helped offset pressure from a resumption in sea exports from Ukraine under a wartime corridor agreement.

The...

Chicago corn, wheat and soybean futures rose on Tuesday after reduced U.S. crop ratings in a weekly government report put attention back on weather risks.

The decline in growing conditions, together with a weaker dollar, helped offset pressure from a resumption in sea exports from Ukraine under a wartime corridor agreement.

The...

Communications and Transportation

10.08.2022

IT consulting and other related services in Kazakhstan this year reach record 140 billion tenge

The volume of computer programming services, as well as consulting and other related services, excluding the non-observed sector of the economy, for the first quarter of this year amounted to a record 139.6 billion tenge, which is 42.2% more compared to the same period last year. Growth in the volume...

The volume of computer programming services, as well as consulting and other related services, excluding the non-observed sector of the economy, for the first quarter of this year amounted to a record 139.6 billion tenge, which is 42.2% more compared to the same period last year. Growth in the volume...

10.08.2022

Air Astana explains flight delay by seven hours

Air Astana explained the delay by the Almaty-Nur-Sultan flight for seven hours, citing the company's press service.

“Flight KS 855 in the direction of Almaty-Nur-Sultan was scheduled to depart at 19:45 NST on August 8. Due to a lightning strike on the aircraft during the previous flight, the aircraft was replaced...

Air Astana explained the delay by the Almaty-Nur-Sultan flight for seven hours, citing the company's press service.

“Flight KS 855 in the direction of Almaty-Nur-Sultan was scheduled to depart at 19:45 NST on August 8. Due to a lightning strike on the aircraft during the previous flight, the aircraft was replaced...

10.08.2022

Kazakh airlines open new flights before end of year

Kazakhstan is expanding the geography of passenger air transportation in the direction of Southeast and South Asia, as well as the Middle East.

At a joint online briefing, Kazakh airlines shared their plans to expand the foreign geography of flights.

Air Astana plans to resume the Almaty-Bangkok flight four times a week...

Kazakhstan is expanding the geography of passenger air transportation in the direction of Southeast and South Asia, as well as the Middle East.

At a joint online briefing, Kazakh airlines shared their plans to expand the foreign geography of flights.

Air Astana plans to resume the Almaty-Bangkok flight four times a week...

10.08.2022

Number of Internet frauds in Kazakhstan increases by 21 times over 6 years

The representative of the Ministry of Internal Affairs of Kazakhstan, Shugyla Turlybek, announced a joint meeting of the department to combat Internet fraud. The meeting was attended by representatives of the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan, as well as managers and responsible specialists of telecom...

The representative of the Ministry of Internal Affairs of Kazakhstan, Shugyla Turlybek, announced a joint meeting of the department to combat Internet fraud. The meeting was attended by representatives of the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan, as well as managers and responsible specialists of telecom...

10.08.2022

Soyuz 2.1b carrying Iranian satellite blasts off from Baikonur

A Soyuz-2.1b carrier rocket carrying a group of satellites blasted off from launch pad No31 of Baikonur cosmodrome at 11:55 am Nur-Sultan time on Tuesday.

The carrier rocket with Fregat upper-stage will bring Khayyam remote sensing satellite into orbit under an order of the Islamic Republic of Iran. Apart from the...

A Soyuz-2.1b carrier rocket carrying a group of satellites blasted off from launch pad No31 of Baikonur cosmodrome at 11:55 am Nur-Sultan time on Tuesday.

The carrier rocket with Fregat upper-stage will bring Khayyam remote sensing satellite into orbit under an order of the Islamic Republic of Iran. Apart from the...

10.08.2022

Kazakhstan and Russia plan joint space projects at Baikonur

Kazakh Digital Development, Innovations and Aerospace Industry miinster Bagdat Mussin arrived for a working visit at the Baikonur space centre.

The Minister is expected to meet with director general of Roscosmos state corporation Yuri Borisov to discuss joint cooperation issues between Kazakhstan and Russia at the Baikonur space complex. Besides the...

Kazakh Digital Development, Innovations and Aerospace Industry miinster Bagdat Mussin arrived for a working visit at the Baikonur space centre.

The Minister is expected to meet with director general of Roscosmos state corporation Yuri Borisov to discuss joint cooperation issues between Kazakhstan and Russia at the Baikonur space complex. Besides the...

Regional News

10.08.2022

Strong rouble draws foreign workers to Russia

Over 3.12 million people entered Russia in the second quarter of 2022 to work, TASS reported on Monday citing data from FinExpertiza audit and consulting network.

“In the second quarter of 2022 there were 4.16 million foreigners on migration registration… while 3.12 million people (75%) indicated work as the purpose of...

Over 3.12 million people entered Russia in the second quarter of 2022 to work, TASS reported on Monday citing data from FinExpertiza audit and consulting network.

“In the second quarter of 2022 there were 4.16 million foreigners on migration registration… while 3.12 million people (75%) indicated work as the purpose of...

10.08.2022

Russian companies to be able to open D type accounts to honor Eurobond commitments

Russian companies will be able to open D type accounts to honour commitments towards Eurobond holders, according to the presidential decree posted on Monday.

A Russian legal entity having commitments related to Eurobonds will be able to send an application to a Russian bank on the basis of authorisations issued by...

Russian companies will be able to open D type accounts to honour commitments towards Eurobond holders, according to the presidential decree posted on Monday.

A Russian legal entity having commitments related to Eurobonds will be able to send an application to a Russian bank on the basis of authorisations issued by...

10.08.2022

Rouble turns bullish as Russian stock markets hover

The rouble firmed towards 60 against the U.S. dollar on Tuesday, retaining support from capital controls and high prices for oil, Russia's key export, while stock indexes were mixed as the market lacked momentum.

At 0738 GMT, the rouble was 0.6% stronger against the dollar at 60.40, trading in a range...

The rouble firmed towards 60 against the U.S. dollar on Tuesday, retaining support from capital controls and high prices for oil, Russia's key export, while stock indexes were mixed as the market lacked momentum.

At 0738 GMT, the rouble was 0.6% stronger against the dollar at 60.40, trading in a range...

10.08.2022

China’s exports to Russia soar

Russia bought $6.7 billion worth of goods from China in July, an increase of more than a third from the previous month, Bloomberg reported on Monday, citing data from China’s customs authority.

According to the report, Chinese goods are filling the void left by the exodus of western brands amid unprecedented...

Russia bought $6.7 billion worth of goods from China in July, an increase of more than a third from the previous month, Bloomberg reported on Monday, citing data from China’s customs authority.

According to the report, Chinese goods are filling the void left by the exodus of western brands amid unprecedented...

10.08.2022

Energy equity pulls China stock markets up

China shares edged up on Tuesday led by energy and renewable energy stocks, while gains were capped as COVID-19 outbreaks and tensions with the United States weighed on sentiment.

The CSI300 index rose 0.3% to 4,159.36 at the end of the morning session, while the Shanghai Composite Index gained 0.3% to...

China shares edged up on Tuesday led by energy and renewable energy stocks, while gains were capped as COVID-19 outbreaks and tensions with the United States weighed on sentiment.

The CSI300 index rose 0.3% to 4,159.36 at the end of the morning session, while the Shanghai Composite Index gained 0.3% to...

10.08.2022

Chinese yuan strengthens to 6.7584 against USD Tuesday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 111 pips to 6.7584 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 111 pips to 6.7584 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

Prices and Statistics

10.08.2022

Commodities

Date: August 10, 2022; Source: Bloomberg.com
...

Date: August 10, 2022; Source: Bloomberg.com

10.08.2022

Exchange Rates

Date: August 10, 2022; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 478.39
1 EURO EUR / KZT 489.68
1 RUSSIAN ROUBLE RUB / KZT 7.95
1 CHINESE YUAN CNY / KZT 70.86
1 KYRGYZIAN SOM KGS / KZT 5.76
1 GREAT BRITAIN POUND GBP / KZT 580.05
1 CANADIAN DOLLAR CAD / KZT 372.46
1 AUSTRALIAN DOLLAR AUD / KZT 334.39
...

Date: August 10, 2022; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

478.39

1 EURO

EUR / KZT

489.68

1 RUSSIAN ROUBLE

RUB / KZT

7.95

1 CHINESE YUAN

CNY / KZT

70.86

1 KYRGYZIAN SOM

KGS / KZT

5.76

1 GREAT BRITAIN POUND

GBP / KZT

580.05

1 CANADIAN DOLLAR

CAD / KZT

372.46

1 AUSTRALIAN DOLLAR

AUD / KZT

334.39