Issue 2972 - 26.04.2018
26.04.2018

How to attract investments to an operating enterprise?

Private investor, ex-vice-minister of industry and trade Nurbek Raev notes that businessmen often start thinking about turning to investors after visiting banks. The impossibility of obtaining a loan without collateral and the need for money to further develop the business make it necessary to look for an alternative.

To make it easier for businessmen to orient themselves, Nurbek Raev divided the types of investors in the increasing gradation in accordance with the size of the financing. These are private individuals, such as family, friends, acquaintances, etc., who can provide a small amount of investments up to $1 million, equipment vendors and construction companies such as General Electric, Siemens and others, can invest up to $5 million, private equity funds such as ADM, Aureous , Falah, CITIC, KIF and others, can provide $5-20 million, and institutional investors like EBRD, IFC, ADB, DEG, HERMES, fr om $20 million.

The appeal to this or that type of investor depends on the level and stage of business development. "At the start-up level, a small amount of investment is enough. If you, for example, open two or three stores or a mall after you have opened one, and feel that you have established a business and can scale, then go on to earlier financing, where private investors and business angels invest," he explained.

At this stage, it is important to grow quickly. If you are a producer of some product, you should immediately get on the shelves of effective stores, the retail network. "When the business is fixed, there is a certain growth model, you can switch to working with venture funds or private equity funds. You refer to them when, for example, you opened 10 stores with a private investor, went out to the income of several million dollar a year. Their task is further geographic expansion or reduction of the costs," Nurbek Raev advises.

At the next stage of maturity at a growth rate of 25-40% per year, the company either goes to an IPO, or is sold to a major strategist.

Speaking about the company's appraisal process, Nurbek Raev noted that it consists of a number of indicators and cannot be represented by one figure. This is the range of several types of valuation such as cost, income and comparative methods. At the same time, he stressed that when negotiating with an investor there is no one price. "When there is a dispute over figures, there is never an agreement. You have one vision, and the investor has another. There is no such crystal through which you can see and determine the price. So do not talk about one price. There must be several numbers, several scenarios, but they should be simple. We need to negotiate. For example, I buy the company at such a price, but if the situation changes, there will be a compensation. And the compensation formula should be discussed," the expert notes.

Nurbek Raev called on businessmen to be honest when communicating with investors. "Personally, I do not consider applications in which the necessary requirements are not met, the requested figures, indicators, for example, revenues for the last year are not indicated," he admitted. “If you want to be partners, you need to be honest to the end. It's like getting married, even more serious than getting married. There's money involved."

The speaker also advised entrepreneurs to master the ability to talk with investors in one language, to know and operate with a special professional terminology, and be prepared in general. There are many funds in Kazakhstan, there is money, but businessmen cannot get them, because they come unprepared.

Nurbek Raev pointed out the importance of packaging business. "Business packaging can be compared to buying a phone. If in the store, where you came for the purchase of a phone, someone will offer you to take the phone fr om hand, will you buy it? You ask wh ere is the charger, why is it not packed, wh ere are the accessories, warranty? Similarly, when you sell your business, you must sell not only the company, but the rest of the components, the product, the information memorandum, the yield guarantees, the infrastructure, the assets," he explains.

Nurbek Raev is convinced that it is a mistake to seek to find investors independently with the help of friends, acquaintances, colleagues, etc. The probability of finding the right one is small, besides it is fraught with time loss and negative consequences for business. For example, an investor may be almost bankrupt, information provided may go to competitors, etc. Professionals have a proven base with a clear industry focus of investors, they know the situation in funds, requirements, etc.

The investor shared the criteria for investing in his own iKapitalist site. These are an understandable business model, a steady growth of 5% per month, a stable team. By the way, out of 80 submitted applications iKapitalist invested only in one. In January of this year, KZT 30 million was invested in McRus, which sells and installs car covers for cars in Astana with revenue of 10 million per month, and monthly growth by 10%. As a result, in three months the company increased sales by 35% compared to the same period last year, expanded the range of goods three-fold, and opens a new trading and production site.

The process of attracting and receiving investments is long and complicated, Nurbek Raev admits. It is like preparation for the Olympic Games, but the reward is worth it. He gave an illustrative example from his experience. Somehow his acquaintance, the owner of the greenhouse, asked help to find an investor. The request was granted, but the applicant himself reversed, deciding to find, as it seemed to him, a more advantageous option. A few months later, the businessman made the same request again. But the foreign investor refused this time, since he has already invested more than 10 million euro in a similar project. Money was found, but the businessman got greedy when it was necessary to shoot. When the game goes on a grand scale, the stakes are high," Nurbek Raev said.

By Aliya Bekova for Kapital (Kazakhstan).

Kazakhstan General

26.04.2018

President Nazarbayev to visit China

Foreign Minister of Kazakhstan Kairat Abdrahmanov on April 24 met with Foreign Minister Wang Yi as part of his official visit to China.

The Foreign Ministers discussed bilateral ties. A special attention was paid to the upcoming visit of President Nursultan Nazarbayev to China and his participation in the SCO Summit,...

Foreign Minister of Kazakhstan Kairat Abdrahmanov on April 24 met with Foreign Minister Wang Yi as part of his official visit to China.

The Foreign Ministers discussed bilateral ties. A special attention was paid to the upcoming visit of President Nursultan Nazarbayev to China and his participation in the SCO Summit,...

26.04.2018

Kazakhstan’s Kagazy wins $300m UK court case

Following the London High Court Judgment in the fraud case of Kazakhstan Kagazy Group v Zhunus, Arip and Dikhanbayeva which awarded $300m to Kazakhstan Kagazy, Hugh McGregor, the General Counsel of Kazakhstan Kagazy PLC, outlines the process that his firm followed to uncover and litigate what Lord...

Following the London High Court Judgment in the fraud case of Kazakhstan Kagazy Group v Zhunus, Arip and Dikhanbayeva which awarded $300m to Kazakhstan Kagazy, Hugh McGregor, the General Counsel of Kazakhstan Kagazy PLC, outlines the process that his firm followed to uncover and litigate what Lord Justice Longmore described...

26.04.2018

No precipitation across Kazakhstan on Apr 26-28

Chances of precipitation will be low countrywide in the upcoming three days, Kazinform has learnt from Kazhydromet.

Meteorologists claim that quick weather change is due to cyclones and anticyclones moving through the territory of Kazakhstan. There will be no precipitation in most regions of the country in the upcoming days. However,...

Chances of precipitation will be low countrywide in the upcoming three days, Kazinform has learnt from Kazhydromet.

Meteorologists claim that quick weather change is due to cyclones and anticyclones moving through the territory of Kazakhstan. There will be no precipitation in most regions of the country in the upcoming days. However,...

Oil and Gas Sector

26.04.2018

Kazakhstan to build fourth refinery

The Kazakh Energy Ministry has found a private investor ready to take part in construction of the fourth refinery in the territory of Kazakhstan, our correspondent reports.

"Another key step in the domestic oil and gas industry is construction of a new refinery. A group was set up on the instructions...

The Kazakh Energy Ministry has found a private investor ready to take part in construction of the fourth refinery in the territory of Kazakhstan, our correspondent reports.

"Another key step in the domestic oil and gas industry is construction of a new refinery. A group was set up on the instructions...

26.04.2018

Two gas-chemical projects in Atyrau rgn will attract $ 9bn investment - Bozumbaev

Implementation of two gas-chemical projects on polypropylene and polyethylene production in Atyrau region will attract about $9 billion of investment, Minister of Energy, Kanat Bozumbayev told the meeting with civil sector representatives in Astana, Kazpravda reports.

"The project will attract 9 billion US dollars and will create up...

Implementation of two gas-chemical projects on polypropylene and polyethylene production in Atyrau region will attract about $9 billion of investment, Minister of Energy, Kanat Bozumbayev told the meeting with civil sector representatives in Astana, Kazpravda reports.

"The project will attract 9 billion US dollars and will create up to 10,000 jobs...

26.04.2018

Mangistaumunaigas increased oil production by 1.4% in 3 months of 2018

In January-March, 2018, the Mangistaumunaigaz increased oil production by 1.4%, to 1 million 570.7 thousand tonnes, the acting head of the regional department of industrial and innovative development Talgat Abdykadyrov informed, as the Interfax Kazakhstan reports.

According to Talgat Abdykadyrov, an increase in oil production by 1.4% compared to the same...

In January-March, 2018, the Mangistaumunaigaz increased oil production by 1.4%, to 1 million 570.7 thousand tonnes, the acting head of the regional department of industrial and innovative development Talgat Abdykadyrov informed, as the Interfax Kazakhstan reports.

According to Talgat Abdykadyrov, an increase in oil production by 1.4% compared to the same...

26.04.2018

Oil hovers near $74 a barrel, U.S. bonds, crude supply cast a shadow

Oil eased on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

Overall, the environment for oil is bullish. Supplier cutbacks, steady demand growth, geopolitical tensions and a favourable structure in the futures market have...

Oil eased on Wednesday, but held in sight of three-year highs reached the previous day, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.

Overall, the environment for oil is bullish. Supplier cutbacks, steady demand growth, geopolitical tensions and a favourable structure in the futures market have...

26.04.2018

Oil, gas, coal prices set to shoot up by 20% this year: World Bank

Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20%  this year, the World Bank has said in a report.

The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of...

Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20%  this year, the World Bank has said in a report.

The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of...

26.04.2018

Gazprom to complete Power of Siberia construction by Chinese border before end of 2018

By the end of 2018, Gazprom intends to conclude construction on the Power of Siberia gas pipeline as far as the border with China, Deputy Chairman of Gazprom’s Management Committee Vitaly Markelov said on Wednesday.

"Before the end of this year we plan to complete construction of the gas pipeline at...

By the end of 2018, Gazprom intends to conclude construction on the Power of Siberia gas pipeline as far as the border with China, Deputy Chairman of Gazprom’s Management Committee Vitaly Markelov said on Wednesday.

"Before the end of this year we plan to complete construction of the gas pipeline at...

26.04.2018

Russia ready to build another pipeline & provide Europe with as much gas as it needs

Gazprom, Russia’s leading natural gas producer which is also responsible for most of Kazakhstan’s and Uzbekistan’s exports, says it's ready to supply as much blue fuel as Europe wants. The company is ready to build the Nord Stream 3 pipeline, if necessary.

"We have proven reserves, we have transport, we are...

Gazprom, Russia’s leading natural gas producer which is also responsible for most of Kazakhstan’s and Uzbekistan’s exports, says it's ready to supply as much blue fuel as Europe wants. The company is ready to build the Nord Stream 3 pipeline, if necessary.

"We have proven reserves, we have transport, we are...

Finance and Investment

26.04.2018

Bad loans in Kazakh banks go to KZT1.3trln

In Kazakhstan, the volume of overdue debts to banks decreased by 18% over the year. At the same time, the most dangerous "hopeless" arrears of over 90 days increased by almost 14% year-on-year, Ranking.kz says.

The loan portfolio of the RK STB over the year decreased by 12.7% (by 1.9 trillion...

In Kazakhstan, the volume of overdue debts to banks decreased by 18% over the year. At the same time, the most dangerous "hopeless" arrears of over 90 days increased by almost 14% year-on-year, Ranking.kz says.

The loan portfolio of the RK STB over the year decreased by 12.7% (by 1.9 trillion...

26.04.2018

Kazakhstan seeks managers for $300 mln in pension fund assets

Kazakhstan’s central bank has sent out a request for proposals to asset managers to invest about $300 million in state pension fund assets in a global passive equity portfolio, it said on Wednesday, Reuters reports.

The pension fund, replenished by mandatory contributions from working Kazakhs and managed by...

Kazakhstan’s central bank has sent out a request for proposals to asset managers to invest about $300 million in state pension fund assets in a global passive equity portfolio, it said on Wednesday, Reuters reports.

The pension fund, replenished by mandatory contributions from working Kazakhs and managed by the central bank,...

26.04.2018

Kazakhstan and US sign agreements worth over $2.5 billion in January 2018

The US is interested in developing economic relations with Kazakhstan, the US Ambassador to Kazakhstan George Krol said at the forum of the American Chamber of Commerce in Kazakhstan, Kazakh media outlets reported.

He added that American and Kazakh experts interact with each other both in Washington and Astana, participating in...

The US is interested in developing economic relations with Kazakhstan, the US Ambassador to Kazakhstan George Krol said at the forum of the American Chamber of Commerce in Kazakhstan, Kazakh media outlets reported.

He added that American and Kazakh experts interact with each other both in Washington and Astana, participating in...

26.04.2018

Insurers have increased their profit by 11 times on-year

In March 2018, the assets of insurance companies amounted to 946.1 billion tenge, 6.9% increase over the year. Since the beginning of the year the insurers have increased their assets by 12.2 billion tenge.

Insurance reserves amounted to 478.1 billion tenge, while a year earlier it was 429.4 billion tenge. Own...

In March 2018, the assets of insurance companies amounted to 946.1 billion tenge, 6.9% increase over the year. Since the beginning of the year the insurers have increased their assets by 12.2 billion tenge.

Insurance reserves amounted to 478.1 billion tenge, while a year earlier it was 429.4 billion tenge. Own...

26.04.2018

Kazakhstan PM focused on business support measures in Karaganda

In the Karaganda region, Prime Minister of Kazakhstan, Bakytzhan Sagintayev visited the pasta production factory Hanum in the Satpayev town and assessed the pace of SME development in the region and implementation of the Program of productive employment and mass entrepreneurship, Kazpravda.kz reports.

Deputy governor of Karaganda region, Almas Aidarov, reported...

In the Karaganda region, Prime Minister of Kazakhstan, Bakytzhan Sagintayev visited the pasta production factory Hanum in the Satpayev town and assessed the pace of SME development in the region and implementation of the Program of productive employment and mass entrepreneurship, Kazpravda.kz reports.

Deputy governor of Karaganda region, Almas Aidarov, reported...

26.04.2018

KASE day session: USDKZT_TOD = 326.17

Based on the results of trades on the spot-market:

- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT326.17 per US dollar at the trades volume USD147,950 th.;

- on US dollar with settlements Т+1 and T+2 in tenge no deals were made, at the session close quotes...

Based on the results of trades on the spot-market:

- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT326.17 per US dollar at the trades volume USD147,950 th.;

- on US dollar with settlements Т+1 and T+2 in tenge no deals were made, at the session close quotes...

26.04.2018

Bond yield rally pushes dollar to 4-month high, euro struggles

The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent led investors to consider whether the greenback was breaking out of a prolonged weak spell.

The U.S. 10-year Treasury yield has risen to its highest in more than four years, driven by...

The dollar hit a four-month high on Wednesday after a rise in benchmark U.S. Treasury yields above 3 percent led investors to consider whether the greenback was breaking out of a prolonged weak spell.

The U.S. 10-year Treasury yield has risen to its highest in more than four years, driven by...

Metals and Minerals

26.04.2018

Rusal sanctions seen risk to Kazakh coal venture – Samruk Energy

The Bogatyr Komir coal mining joint venture between Kazakhstan's state-run Samruk Energy and Rusal could face risks linked to US sanctions against the Russian aluminium producer, Samruk said on Tuesday.

The Bogatyr Komir coal mining joint venture between Kazakhstan's state-run Samruk Energy and Rusal could face risks linked to US sanctions against the Russian aluminium producer, Samruk said on Tuesday.

Bogatyr Komir produces 41-million tonnes of coal a year, which it sells in Kazakhstan and Russia, mostly to power plants.

US sanctions...

26.04.2018

Sagintayev visited Kazakhmys Corp’s medical center in Zhezkazgan

Prime Minister of Kazakhstan, Bakytzhan Sagintayev, visited the medical center of Kazakhmys Corporation in Zhezkazgan, Kazpravda.kz reports.

Director of the medical center Vladimir Motorykin told the Prime Minister about the work of the institution, showed a new angiographic installation Innova IGS 530, which allows performing complex heart surgeries.

When visiting the Bubnovsky...

Prime Minister of Kazakhstan, Bakytzhan Sagintayev, visited the medical center of Kazakhmys Corporation in Zhezkazgan, Kazpravda.kz reports.

Director of the medical center Vladimir Motorykin told the Prime Minister about the work of the institution, showed a new angiographic installation Innova IGS 530, which allows performing complex heart surgeries.

When visiting the Bubnovsky...

26.04.2018

Prime minister gets acquainted with reconstruction of Zhezkazgan copper smelter: production level will double

On April 25 as part of the working visit to Karaganda region, the Prime Minister Bakytzhan Sagintayev visited the Zhezkazgan copper smelting plant of KazakhmysSmelting LLP where he got acquainted with the progress of the second ore-thermal furnace reconstruction.

The development of the mining and metallurgical industry is one of the...

On April 25 as part of the working visit to Karaganda region, the Prime Minister Bakytzhan Sagintayev visited the Zhezkazgan copper smelting plant of KazakhmysSmelting LLP where he got acquainted with the progress of the second ore-thermal furnace reconstruction.

The development of the mining and metallurgical industry is one of the...

26.04.2018

Gold falls on strong dollar and higher U.S. yields

Gold slumped to a five-week low on Wednesday as the dollar and U.S. Treasury yields jumped on robust U.S. data and signs of an easing in the U.S.-China trade conflict.

The benchmark U.S 10-year Treasury yields rose to 3 percent for the first time in more than four years, reflecting the...

Gold slumped to a five-week low on Wednesday as the dollar and U.S. Treasury yields jumped on robust U.S. data and signs of an easing in the U.S.-China trade conflict.

The benchmark U.S 10-year Treasury yields rose to 3 percent for the first time in more than four years, reflecting the...

26.04.2018

Aluminium falls for fifth day as Rusal fears ease

Aluminium fell for a fifth day on Wednesday and was down 18 percent from its April peak as concerns over the impact of U.S. sanctions on Russian producer United Company Rusal eased.

Prices of the metal, used in products from food cans to aeroplane parts, soared after the sanctions were announced,...

Aluminium fell for a fifth day on Wednesday and was down 18 percent from its April peak as concerns over the impact of U.S. sanctions on Russian producer United Company Rusal eased.

Prices of the metal, used in products from food cans to aeroplane parts, soared after the sanctions were announced,...

26.04.2018

Excessive taxation requirements in subsoil field may lower interest of investors - US ambassador to Kazakhstan

Excessive taxation requirements in field of subsoil use may lower the interest of investors, said George Krol, US ambassador to Kazakhstan at the forum of the US trade chamber of economic politics "Economic diversification: technologies, renewable energy sources, mining industry, agriculture".

In his words there are certain excessive requirements in the...

Excessive taxation requirements in field of subsoil use may lower the interest of investors, said George Krol, US ambassador to Kazakhstan at the forum of the US trade chamber of economic politics "Economic diversification: technologies, renewable energy sources, mining industry, agriculture".

In his words there are certain excessive requirements in the...

Manufacturing industry

26.04.2018

Kazakhs bring textile industry into new era

Ultra-modern and automated technologies of digital design like sewing robots with artificial intelligence, three-dimensional body scanner and 3-D modeling system will be introduced at enterprises of the light industry in Kazakhstan. According to Kazakh Ministry of Investments and Development spokesperson, innovations will increase labor productivity and significantly reduce the costs...

Ultra-modern and automated technologies of digital design like sewing robots with artificial intelligence, three-dimensional body scanner and 3-D modeling system will be introduced at enterprises of the light industry in Kazakhstan. According to Kazakh Ministry of Investments and Development spokesperson, innovations will increase labor productivity and significantly reduce the costs...

Trade and Consumer Goods

26.04.2018

Sagintayev visited food production in Karaganda

During a working trip to the Karaganda region, Prime Minister of Kazakhstan, Bakytzhan Sagintayev visited the food production of BAYAN Company LLP, launched on state support, Kazpravda.kz reports.

Sagintayev watched the work of the technological lines and was briefed on the company's developments and products assortment.

General director of the BAYAN Company...

During a working trip to the Karaganda region, Prime Minister of Kazakhstan, Bakytzhan Sagintayev visited the food production of BAYAN Company LLP, launched on state support, Kazpravda.kz reports.

Sagintayev watched the work of the technological lines and was briefed on the company's developments and products assortment.

General director of the BAYAN Company...

Agriculture

26.04.2018

Kazakhstan’s total oilseed stocks higher than a year ago

The Statistics Committee of the National Economy Ministry of the Republic of Kazakhstan reports that oilseed inventories totaled 904.3 KMT on April 1, 2018, i.e. almost 18% (136 KMT) more than a year ago (768.3 KMT on April 1, 2017), reports UkrAgroConsult.

A rise was registered in stocks of all staple...

The Statistics Committee of the National Economy Ministry of the Republic of Kazakhstan reports that oilseed inventories totaled 904.3 KMT on April 1, 2018, i.e. almost 18% (136 KMT) more than a year ago (768.3 KMT on April 1, 2017), reports UkrAgroConsult.

A rise was registered in stocks of all staple...

26.04.2018

Cotton seeds of China and Turkey planted in S Kazakhstan

95,000 ha of cotton will be planted this year in Maktaaral district, South Kazakhstan region, the local administration's press service said.

Cotton producers are provided with 3,000 tons of seeds, including the country's breeds and those bought in China and Turkey. Besides, the Government allocated 3,900 tons of fuel and lubricant...

95,000 ha of cotton will be planted this year in Maktaaral district, South Kazakhstan region, the local administration's press service said.

Cotton producers are provided with 3,000 tons of seeds, including the country's breeds and those bought in China and Turkey. Besides, the Government allocated 3,900 tons of fuel and lubricant...

26.04.2018

Work on food belt development around Astana failed - MP

Deputy Turgun Syzdykov believes that the program on creation and development of the food belt around Astana is failed. The corresponding deputy enquiry to the Prime Minister was made today at the plenary session in Majilis, Kazpravda reports.

According to Syzdykov, it is enough to go to any supermarket in Astana...

Deputy Turgun Syzdykov believes that the program on creation and development of the food belt around Astana is failed. The corresponding deputy enquiry to the Prime Minister was made today at the plenary session in Majilis, Kazpravda reports.

According to Syzdykov, it is enough to go to any supermarket in Astana...

26.04.2018

Presowing tillage guarantees yield

For the first time in a long time, the Karaganda agricultural experimental station approaches sowing without debt and can concentrate entirely on quality field work, not on financial issues. Although two years ago the KarAES had tens of millions tenge of overdue payments and there was a clear threat of...

For the first time in a long time, the Karaganda agricultural experimental station approaches sowing without debt and can concentrate entirely on quality field work, not on financial issues. Although two years ago the KarAES had tens of millions tenge of overdue payments and there was a clear threat of...

26.04.2018

Kazakh farmers will be given 76 million hectares of pasture fields

At the press conference following the meeting of the government, First Vice Minister of Agriculture Arman Yevniev spoke about the procedure for the allocation of pastures for farmers under the new Program for the Development of Meat Livestock for 2018-2027, the official website of the Prime Minister of Kazakhstan reports.

According...

At the press conference following the meeting of the government, First Vice Minister of Agriculture Arman Yevniev spoke about the procedure for the allocation of pastures for farmers under the new Program for the Development of Meat Livestock for 2018-2027, the official website of the Prime Minister of Kazakhstan reports.

According...

26.04.2018

Demand for Russian wheat drives export prices to three-year high

Average prices for wheat produced by Russian farmers, which are considered a benchmark for their Kazakh counterparts, have increased to $215 per ton, according to Moscow-based agricultural markets research firm SovEcon. The figure marks the highest level since the 2014-2015 agricultural season.

According to analysts’ estimates, Russia exported 1.6 million tons...

Average prices for wheat produced by Russian farmers, which are considered a benchmark for their Kazakh counterparts, have increased to $215 per ton, according to Moscow-based agricultural markets research firm SovEcon. The figure marks the highest level since the 2014-2015 agricultural season.

According to analysts’ estimates, Russia exported 1.6 million tons...

26.04.2018

Wheat extends gains, prices of soybean, corn face pressure from U.S. weather

Chicago wheat futures rose for a second session on Wednesday as investors covered short positions and looked for bargains, although plentiful world supplies capped gains.

Soybean and corn prices also gained ground, but both markets expected to remain under pressure as crop-friendly warm weather boosts planting across the U.S. Midwest.

The Chicago...

Chicago wheat futures rose for a second session on Wednesday as investors covered short positions and looked for bargains, although plentiful world supplies capped gains.

Soybean and corn prices also gained ground, but both markets expected to remain under pressure as crop-friendly warm weather boosts planting across the U.S. Midwest.

The Chicago...

Real Estate

26.04.2018

Hospitable Kazakhstan: hotels of the country took over 5 million visitors a year, one quarter more than a year ago

The volume of services rendered to guests by places of accommodation increased by 31 % year-on-year.

At the end of 2017, the number of hotels, hotels, campsites, sanatoria and other accommodation in Kazakhstan grew by 8.5%, to almost 3 thousand.

16.9%, 505 of them are concentrated in the East Kazakhstan region, 11%...

The volume of services rendered to guests by places of accommodation increased by 31 % year-on-year.

At the end of 2017, the number of hotels, hotels, campsites, sanatoria and other accommodation in Kazakhstan grew by 8.5%, to almost 3 thousand.

16.9%, 505 of them are concentrated in the East Kazakhstan region, 11%...

26.04.2018

Brother of Kazakhstan’s president sells Plaza Hotel condo

Bolat Nazarbayev, the brother of Kazakhstan’s authoritarian leader Nursultan Nazarbayev, sold his four-bedroom Plaza Hotel pad for $14 million.

The apartment, which sold for $3,666 per square foot, was once at the center of a bitter legal dispute between Bolat and his family. It was first listed in 2016 for $17.9...

Bolat Nazarbayev, the brother of Kazakhstan’s authoritarian leader Nursultan Nazarbayev, sold his four-bedroom Plaza Hotel pad for $14 million.

The apartment, which sold for $3,666 per square foot, was once at the center of a bitter legal dispute between Bolat and his family. It was first listed in 2016 for $17.9...

Education and Science

26.04.2018

Number of education grants increased by 20 000 in Kazakhstan

In Kazakhstan, additional 20,000 education grants were allocated on the state order, Education and Science Minister, Yerlan Sagadiyev announced during the account meeting with the population, Kazpravda.kz correspondent reports.

"Within the framework of the Five Presidential Initiatives, the Ministry launched two projects: the first is an increase in the order by...

In Kazakhstan, additional 20,000 education grants were allocated on the state order, Education and Science Minister, Yerlan Sagadiyev announced during the account meeting with the population, Kazpravda.kz correspondent reports.

"Within the framework of the Five Presidential Initiatives, the Ministry launched two projects: the first is an increase in the order by...

Tourism

26.04.2018

Scandal around the Tas Bulak resort

About two hundred Kazakhstan citizens are now trying to find out where their money went, paid for trips to the Tas Bulak mountain hotel.

Deceived tourists wrote an open letter to the President of Kazakhstan Nursultan Nazarbayev. They ask to pay attention to the problem and understand the situation, the correspondent...

About two hundred Kazakhstan citizens are now trying to find out where their money went, paid for trips to the Tas Bulak mountain hotel.

Deceived tourists wrote an open letter to the President of Kazakhstan Nursultan Nazarbayev. They ask to pay attention to the problem and understand the situation, the correspondent...

Regional News

26.04.2018

Caspian games: Central Asian ‘stans’ vie for connectivity market

Azerbaijan held a presidential election this month. Predictably, incumbent leader Ilham Aliyev won his fourth consecutive term with a Kim dynasty-esque 86% of the votes.

International monitors for the Organization for Security and Cooperation in Europe (OSCE) Office for Democratic Institutions and Human Rights (ODIHR) stressed “widespread disregard for mandatory procedures, numerous instances...

Azerbaijan held a presidential election this month. Predictably, incumbent leader Ilham Aliyev won his fourth consecutive term with a Kim dynasty-esque 86% of the votes.

International monitors for the Organization for Security and Cooperation in Europe (OSCE) Office for Democratic Institutions and Human Rights (ODIHR) stressed “widespread disregard for mandatory procedures, numerous instances...

26.04.2018

Uzbekistan intends to join International Plant Protection Convention

The United Nations Food and Agriculture Organization (FAO) recently held the thirteenth session of the Commission on phytosanitary measures in Rome. The Uzbek delegation headed by the Head of the State Inspectorate for Plant Quarantine under the Cabinet of Ministers of the Republic of Uzbekistan attended it.

The Commission on phytosanitary...

The United Nations Food and Agriculture Organization (FAO) recently held the thirteenth session of the Commission on phytosanitary measures in Rome. The Uzbek delegation headed by the Head of the State Inspectorate for Plant Quarantine under the Cabinet of Ministers of the Republic of Uzbekistan attended it.

The Commission on phytosanitary...

26.04.2018

Mirziyoyev managed to significantly improve the business climate in the country

One year ago, Ahmet Demir, who was expelled from Uzbekistan by the first president Islam Karimov, the owner of Demir Holding, which was considered one of the first Turkish enterprises that started work in independent Uzbekistan, returned to Tashkent and resumed his business.

Ozodlik earlier informed that the conflict between Ahmet...

One year ago, Ahmet Demir, who was expelled from Uzbekistan by the first president Islam Karimov, the owner of Demir Holding, which was considered one of the first Turkish enterprises that started work in independent Uzbekistan, returned to Tashkent and resumed his business.

Ozodlik earlier informed that the conflict between Ahmet...

26.04.2018

SCO Council of Foreign Ministers nominates head of Uzbek think tank for the post of the Organization secretary-general

The Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO) has nominated Vladimir Norov, Director of the Institute for Strategic and Interregional Studies under the President of Uzbekistan, for the post of SCO Secretary-General.

If approved by the SCO Council of Heads of State that will meet in Qingdao, China...

The Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO) has nominated Vladimir Norov, Director of the Institute for Strategic and Interregional Studies under the President of Uzbekistan, for the post of SCO Secretary-General.

If approved by the SCO Council of Heads of State that will meet in Qingdao, China...

26.04.2018

Parliament of Tajikistan ratifies agreement on ensuring operation of Farkhad Dam

The agreement between the governments of Tajikistan and Uzbekistan on cooperation in ensuring operation of the Farkhad hydropower plant has been ratified today at the session of the lower chamber of the Tajik Parliament.

Speaking at the meeting, the First Deputy Minister of Energy and Water Resources of Tajikistan Sulton Rahimzoda...

The agreement between the governments of Tajikistan and Uzbekistan on cooperation in ensuring operation of the Farkhad hydropower plant has been ratified today at the session of the lower chamber of the Tajik Parliament.

Speaking at the meeting, the First Deputy Minister of Energy and Water Resources of Tajikistan Sulton Rahimzoda...

26.04.2018

Chinese state councilor calls for improved SCO cooperation in defense, security

Chinese State Councilor and Minister of National Defense Wei Fenghe on Tuesday called on defense ministers from Shanghai Cooperation Organization (SCO) member countries to implement consensus reached by heads of state and continuously improve cooperation in defense and security.

Wei made the remarks while delivering a keynote speech at the 15th...

Chinese State Councilor and Minister of National Defense Wei Fenghe on Tuesday called on defense ministers from Shanghai Cooperation Organization (SCO) member countries to implement consensus reached by heads of state and continuously improve cooperation in defense and security.

Wei made the remarks while delivering a keynote speech at the 15th...

26.04.2018

China to cut coal production by 150m metric tons

China is committed to the goal of cutting 150 million metric tons of coal production capacity and will deepen supply-side reform with a focus on "zombie enterprise" withdrawal in 2018, according to the National Energy Administration.

China will continue to cut outdated and ineffective capacity and withdraw coal exploration in national...

China is committed to the goal of cutting 150 million metric tons of coal production capacity and will deepen supply-side reform with a focus on "zombie enterprise" withdrawal in 2018, according to the National Energy Administration.

China will continue to cut outdated and ineffective capacity and withdraw coal exploration in national...

26.04.2018

China urges ditching dollar & euro trade with Russia in favour of national currencies

There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia.

“The leaders of the two countries should think over improving relations, especially in...

There is no need for Russian and Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia.

“The leaders of the two countries should think over improving relations, especially in...

26.04.2018

Putin to sign new decree to spend ten trillion rouble on social needs

President Putin may sign a new decree after his inauguration on May 7 about the development of healthcare system and infrastructure in Russia. It is believed that the decree will stipulate the budget of nearly ten trillion rouble for these purposes, Bloomberg said.

The number can be revised. Most of the...

President Putin may sign a new decree after his inauguration on May 7 about the development of healthcare system and infrastructure in Russia. It is believed that the decree will stipulate the budget of nearly ten trillion rouble for these purposes, Bloomberg said.

The number can be revised. Most of the...

26.04.2018

Where does Russia keep her gold?

Last week, it was reported that the Central Bank of Turkey withdrew the national gold reserve fr om the US Federal Reserve System. Given the fact that the United States has been imposing whole packages of sanctions on Russia one after another since 2014, why does Russia...

Last week, it was reported that the Central Bank of Turkey withdrew the national gold reserve fr om the US Federal Reserve System. Given the fact that the United States has been imposing whole packages of sanctions on Russia one after another since 2014, why does Russia still keep its...

26.04.2018

Dollar deficit observed in Tajikistan

The foreign exchange market of Tajikistan is facing shortage of the American dollars over the past years, local media reported.

Dollar strengthened almost by $1% against the Tajik currency after a Russian ruble collapse after American sanctions from the beginning of the second decade of April. The official dollar rate today...

The foreign exchange market of Tajikistan is facing shortage of the American dollars over the past years, local media reported.

Dollar strengthened almost by $1% against the Tajik currency after a Russian ruble collapse after American sanctions from the beginning of the second decade of April. The official dollar rate today...

26.04.2018

Tajiks going back for more after 2017’s successful bond debut

Central Asia’s poorest nation, Tajikistan, is reportedly planning to issue more notes following its successful international bond debut in 2017, Radio Ozodi reported on April 23, citing an unnamed official in the Tajik Finance Ministry. Merrill Lynch, the wealth management division of Bank of America, apparently intends to buy a...

Central Asia’s poorest nation, Tajikistan, is reportedly planning to issue more notes following its successful international bond debut in 2017, Radio Ozodi reported on April 23, citing an unnamed official in the Tajik Finance Ministry. Merrill Lynch, the wealth management division of Bank of America, apparently intends to buy a...

26.04.2018

Azerbaijan steps up gold mining development

By the end of 2018, a document will be prepared on the feasibility study of the sulphide phase in the operation of the Chovdar Deposit located in the Dashkasan region of Azerbaijan, Chairman of the Board of AzerGold Company Zakir Ibrahimov said in an exclusive interview to Trend.

"At the moment,...

By the end of 2018, a document will be prepared on the feasibility study of the sulphide phase in the operation of the Chovdar Deposit located in the Dashkasan region of Azerbaijan, Chairman of the Board of AzerGold Company Zakir Ibrahimov said in an exclusive interview to Trend.

"At the moment,...

Prices and Statistics

26.04.2018

Commodities

Date: April 26, 2018; Source: Bloomberg.com   Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 68.42 +0.37 +0.54% Jun 2018 12:36 AM
CO1:COMBrent Crude (ICE) USD/bbl. 74.46 +0.46 +0.62% Jun 2018 12:34 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 209.62 +0.65 +0.31% May 2018 4/25/2018
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.78 0.00 -0.14% May 2018 12:31 AM
HO1:COMHeating Oil (Nymex) USd/gal. 214.63 +1.03 +0.48% May 2018 12:03 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,324.70 +1.90 +0.14% Jun 2018 12:36 AM
XAUUSD:CURGold Spot USD/t oz. 1,323.60 +0.47 +0.04% N/A 12:47 AM
SI1:COMSilver (Comex) USD/t oz. 16.62 +0.04 +0.26% Jul 2018 12:35 AM
HG1:COMCopper (Comex) USd/lb. 314.70 -1.05 -0.33% Jul 2018 12:34 AM
XPTUSD:CURPlatinum Spot USD/t oz. 911.84 +0.74 +0.08% N/A 12:47 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 395.25 -0.50 -0.13% Jul 2018 12:35 AM
W 1:COMWheat (CBOT) USd/bu. 502.25 +3.25 +0.65% Jul 2018 12:36 AM
CC1:COMCocoa (ICE) USD/MT 2,836.00 +21.00 +0.75% Jul 2018 4/25/2018
CT1:COMCotton #2 (ICE) USd/lb. 83.66 -0.28 -0.33% Jul 2018 12:16 AM
LC1:COMLive Cattle (CME) USd/lb. 105.58 +0.53 +0.50% Jun 2018 4/25/2018

Date: April 26, 2018; Source: Bloomberg.com

 

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 68.42 +0.37 +0.54% Jun 2018 12:36 AM
CO1:COMBrent Crude (ICE) USD/bbl. 74.46 +0.46 +0.62% Jun 2018 12:34 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 209.62 +0.65 +0.31% May 2018 4/25/2018
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.78 0.00 -0.14% May 2018 12:31 AM
HO1:COMHeating Oil (Nymex) USd/gal. 214.63 +1.03 +0.48% May 2018 12:03 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,324.70 +1.90 +0.14% Jun 2018 12:36 AM
XAUUSD:CURGold Spot USD/t oz. 1,323.60 +0.47 +0.04% N/A 12:47 AM
SI1:COMSilver (Comex) USD/t oz. 16.62 +0.04 +0.26% Jul 2018 12:35 AM
HG1:COMCopper (Comex) USd/lb. 314.70 -1.05 -0.33% Jul 2018 12:34 AM
XPTUSD:CURPlatinum Spot USD/t oz. 911.84 +0.74 +0.08% N/A 12:47 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 395.25 -0.50 -0.13% Jul 2018 12:35 AM
W 1:COMWheat (CBOT) USd/bu. 502.25 +3.25 +0.65% Jul 2018 12:36 AM
CC1:COMCocoa (ICE) USD/MT 2,836.00 +21.00 +0.75% Jul 2018 4/25/2018
CT1:COMCotton #2 (ICE) USd/lb. 83.66 -0.28 -0.33% Jul 2018 12:16 AM
LC1:COMLive Cattle (CME) USd/lb. 105.58 +0.53 +0.50% Jun 2018 4/25/2018
26.04.2018

Exchange Rates

Date: April 26, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 326.28
1 EURO EUR / KZT 398.22
1 RUSSIAN ROUBLE RUB / KZT 5.29
1 CHINESE YUAN CNY / KZT 51.64
1 KYRGYZIAN SOM KGS / KZT 4.77
1 GREAT BRITAIN POUND GBP / KZT 455.42
1 CANADIAN DOLLAR CAD / KZT 253.8
1 AUSTRALIAN DOLLAR AUD / KZT 247.42

Date: April 26, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

326.28

1 EURO

EUR / KZT

398.22

1 RUSSIAN ROUBLE

RUB / KZT

5.29

1 CHINESE YUAN

CNY / KZT

51.64

1 KYRGYZIAN SOM

KGS / KZT

4.77

1 GREAT BRITAIN POUND

GBP / KZT

455.42

1 CANADIAN DOLLAR

CAD / KZT

253.8

1 AUSTRALIAN DOLLAR

AUD / KZT

247.42