Issue 3742 - 18.06.2021
18.06.2021

Kazakh President holds gas industry development meeting

President Kassym-Jomart Tokayev chaired the meeting on the development of the country’s gas industry.

Energy Minister Nurlan Nogayev, Samruk Kazyna JSC CEO Almasadam Satkaliyev, Nur-Sultan Mayor Altai Kulginov, Karaganda region Governor Zhenis Kassymbek, Turkestan Governor Umirzak Shukeyev and Tengizchevroil LLP director general Kevin Lyon reported during the meeting held via a videoconferencing.

Opening the meeting the Head of State noted significance of the industry for the country and global energy system. Gas industry is an integral part of socioeconomic development. The Head of State stressed the need to raise the gas industry investment attractiveness.

The Government is charged to develop approaches to attract investments into gas production. KazTransGas will become a national gas company and its operations will range from geological protecting works to end-products sales. The President also prioritized updating of the price formation in the domestic market. Active gasification of the regions led to expansion of gas consumption. For the past 5 years the internal market grew by 40% from 12 bln to 17 bln cu m of gas. Besides, gas price is one of the lowest in CIS.

In a conclusion Kassym –Jomart Tokayev assigned to increase gas generation by one-and-a-half times by 2030 from 21 to 33TWh. The share of renewables should hit 15% by this time.

By Kazinform

Kazakhstan General

18.06.2021

Prospects for Kazakhstan–U.S. cooperation discussed by representatives of the foreign offices of the two countries

A regular review meeting of the Kazakhstan–U.S. Enhanced Strategic Partnership Dialog Commission (ESPD) was held via videoconference. The event was co-chaired by Akan Rakhmetullin, Deputy Foreign Minister, and Ervin Massinga, Acting Assistant Secretary in the Bureau of South and Central Asian Affairs.

The main purpose of the Commission meeting was to...

A regular review meeting of the Kazakhstan–U.S. Enhanced Strategic Partnership Dialog Commission (ESPD) was held via videoconference. The event was co-chaired by Akan Rakhmetullin, Deputy Foreign Minister, and Ervin Massinga, Acting Assistant Secretary in the Bureau of South and Central Asian Affairs.

The main purpose of the Commission meeting was to...

18.06.2021

Kazakhstan Enhances Interaction with UN Office for Disaster Risk Reduction

Ambassador-Designate of Kazakhstan to Belgium Margulan Baimukhan met with the Head of the Regional Office for Disaster Risk Reduction of the United Nations (UNDRR), Octavian Bivol.

On June 1, 2021, the UNDRR’s Brussels-based office, which covers cooperation with 55 nations, was renamed into the UNDRR Regional Office for Europe and Central...

Ambassador-Designate of Kazakhstan to Belgium Margulan Baimukhan met with the Head of the Regional Office for Disaster Risk Reduction of the United Nations (UNDRR), Octavian Bivol.

On June 1, 2021, the UNDRR’s Brussels-based office, which covers cooperation with 55 nations, was renamed into the UNDRR Regional Office for Europe and Central...

18.06.2021

Construction sector employs most foreign workers in Kazakhstan

At the end of the first quarter of this year, the employed population in Kazakhstan amounted to 8.78 million people, 0.1% less than in the first quarter of 2020. Prior to that, the indicator was in the growth zone for 3 years in a row.

Almost half of the population is...

At the end of the first quarter of this year, the employed population in Kazakhstan amounted to 8.78 million people, 0.1% less than in the first quarter of 2020. Prior to that, the indicator was in the growth zone for 3 years in a row.

Almost half of the population is...

18.06.2021

Kazakhstan’s daily COVID-19 case count stands at 1,174

As of Friday morning, 1,174 cases of the coronavirus infection have been detected in the country in the past 24 hours. Nur-Sultan, Almaty cities and the Karaganda region have logged triple-digit numbers of fresh daily COVID-19 cases with 372, 105, and 152, respectively. The East Kazakhstan region has reported 90...

As of Friday morning, 1,174 cases of the coronavirus infection have been detected in the country in the past 24 hours. Nur-Sultan, Almaty cities and the Karaganda region have logged triple-digit numbers of fresh daily COVID-19 cases with 372, 105, and 152, respectively. The East Kazakhstan region has reported 90...

Finance and Investment

18.06.2021

Elbasy visits AIFC

First President of Kazakhstan-Elbasy Nursultan Nazarbayev visited the Astana International Financial Centre.

The Elbasy got familiarized with the AIFC activities, including attractions of large foreign capital in Kazakhstan, human potential and creative industries development. AIFC Governor Kairat Kelimbetov reported on results of the 2025 Centre Development Strategy fulfillment and further plans.

Nursultan...

First President of Kazakhstan-Elbasy Nursultan Nazarbayev visited the Astana International Financial Centre.

The Elbasy got familiarized with the AIFC activities, including attractions of large foreign capital in Kazakhstan, human potential and creative industries development. AIFC Governor Kairat Kelimbetov reported on results of the 2025 Centre Development Strategy fulfillment and further plans.

Nursultan...

18.06.2021

Kazakhstanis lose 8.5 billion tenge to financial pyramids in 2020

For 2020, Kazakhstanis have assigned 8.5 billion tenge to financial pyramids these are the official data; public assessment speaks of 500 billion tenge. Modern financial pyramids are disguised as investment, brokerage companies, taking forms sometimes indistinguishable from professionals.

Stock market participants say that having a broker's license to engage in professional...

For 2020, Kazakhstanis have assigned 8.5 billion tenge to financial pyramids these are the official data; public assessment speaks of 500 billion tenge. Modern financial pyramids are disguised as investment, brokerage companies, taking forms sometimes indistinguishable from professionals.

Stock market participants say that having a broker's license to engage in professional...

18.06.2021

Volume of loans issued in Kazakhstan continues to grow

At the beginning of May, volume of loans has already exceeded 15 trillion tenge. Ramazan Dosov, a leading analyst of the Association of Financiers of Kazakhstan, noted that, according to the National Bank, preference is mainly given to mortgage and consumer loans.

"Of the total portfolio of loans to individuals of...

At the beginning of May, volume of loans has already exceeded 15 trillion tenge. Ramazan Dosov, a leading analyst of the Association of Financiers of Kazakhstan, noted that, according to the National Bank, preference is mainly given to mortgage and consumer loans.

"Of the total portfolio of loans to individuals of...

18.06.2021

National Bank of Kazakhstan tells about plans to introduce digital tenge

The National Bank told about what resources will be used to create digital tenge. The financial institute explained that the volume of money issue and other parameters of the pilot project will be determined by the scenarios for using the digital tenge and the technological capabilities of the platform.

"Digital tenge...

The National Bank told about what resources will be used to create digital tenge. The financial institute explained that the volume of money issue and other parameters of the pilot project will be determined by the scenarios for using the digital tenge and the technological capabilities of the platform.

"Digital tenge...

18.06.2021

KAZAKH INVEST took part in the Kazakh-Chinese investment round table

Issues of investment cooperation in the mining industry were discussed at a round table held within the framework of the Kazakhstan-China Business Council.

The event was organized by the Embassy of the Republic of Kazakhstan in China and «Samruk-Kazyna» JSC. The round table was attended by Deputy Minister of Foreign Affairs...

Issues of investment cooperation in the mining industry were discussed at a round table held within the framework of the Kazakhstan-China Business Council.

The event was organized by the Embassy of the Republic of Kazakhstan in China and «Samruk-Kazyna» JSC. The round table was attended by Deputy Minister of Foreign Affairs...

18.06.2021

Inspections of small businesses in Kazakhstan decrease by 7 times

Since 2020, a 3-year moratorium has been in effect in Kazakhstan on inspections of small and micro-businesses. The acting Deputy Chairman of the Board of Atameken NCE Erbol Ustemirov told in what cases state bodies can check entrepreneurs.

According to him, businesses can be checked if there are violations that potentially...

Since 2020, a 3-year moratorium has been in effect in Kazakhstan on inspections of small and micro-businesses. The acting Deputy Chairman of the Board of Atameken NCE Erbol Ustemirov told in what cases state bodies can check entrepreneurs.

According to him, businesses can be checked if there are violations that potentially...

18.06.2021

National companies of Kazakhstan pay dividends through foreign currency loans

National companies attracted foreign currency loans to pay dividends to their shareholders. This statement was made by the Accounts Committee following the results of the audit of the quasi-public sector. “There are facts when a foreign currency loan was attracted by a subsidiary of one of the largest national companies...

National companies attracted foreign currency loans to pay dividends to their shareholders. This statement was made by the Accounts Committee following the results of the audit of the quasi-public sector. “There are facts when a foreign currency loan was attracted by a subsidiary of one of the largest national companies...

18.06.2021

Overdue loans in Kazakhstan decrease by 6.7% over 3 years

According to the National Bank, as of May 1, 2021, the delay on loans over one year amounted to more than 1 trillion tenge. On the same date in 2018, the figure amounted to 1.07 trillion tenge, minus 6.7%, or 71.6 billion tenge. Of these, individuals including individual entrepreneurs account...

According to the National Bank, as of May 1, 2021, the delay on loans over one year amounted to more than 1 trillion tenge. On the same date in 2018, the figure amounted to 1.07 trillion tenge, minus 6.7%, or 71.6 billion tenge. Of these, individuals including individual entrepreneurs account...

18.06.2021

Accounts Committee of Kazakhstan reveals violations of 355 billion tenge when spending anti-crisis money

Natalya Godunova, Chairperson of the Accounts Committee, announced the audit data on the use of funds allocated for anti-crisis measures. “There are also questions about the use of anti-crisis funds. Of the 6.9 trillion tenge, 4.5 trillion tenge was checked, of which 2 trillion tenge was audited. Violations were found...

Natalya Godunova, Chairperson of the Accounts Committee, announced the audit data on the use of funds allocated for anti-crisis measures. “There are also questions about the use of anti-crisis funds. Of the 6.9 trillion tenge, 4.5 trillion tenge was checked, of which 2 trillion tenge was audited. Violations were found...

18.06.2021

Kazakh Senate evaluates execution of state budget for 2020

The Senate of the Parliament of the Republic of Kazakhstan at a plenary session considered the report of the Government on the execution of the republican budget for 2020, Kazpravda.kz correspondent reports.

As Minister of Finance Yerulan Zhamaubayev noted, the execution of the republican budget in 2020 was carried out in...

The Senate of the Parliament of the Republic of Kazakhstan at a plenary session considered the report of the Government on the execution of the republican budget for 2020, Kazpravda.kz correspondent reports.

As Minister of Finance Yerulan Zhamaubayev noted, the execution of the republican budget in 2020 was carried out in...

18.06.2021

Kazakhstan Stock Exchange index on Thursday increases by 0.14% to 3,357.86

As a result of trades in shares on the Kazakhstan Stock Exchange on Thursday, the value of the KASE index increased by 0.14% from 3,353.32 to 3,357.86.

The volume of deals in shares, included in the KASE index representative list, decreased against the previous trading day by 3.3 times and amounted...

As a result of trades in shares on the Kazakhstan Stock Exchange on Thursday, the value of the KASE index increased by 0.14% from 3,353.32 to 3,357.86.

The volume of deals in shares, included in the KASE index representative list, decreased against the previous trading day by 3.3 times and amounted...

18.06.2021

Weighted average dollar rate at Kazakhstan Stock Exchange reaches KZT426.79

The weighted average dollar rate on the Kazakhstan Stock Exchange on June 17, 2021 at 17:00 amounted to 426.79 tenge. According to KASE information, the minimum rate at the trades amounted to 426 tenge per US dollar, the maximum to 427.05 tenge, the closing rate to 426.70 tenge.

The volume of...

The weighted average dollar rate on the Kazakhstan Stock Exchange on June 17, 2021 at 17:00 amounted to 426.79 tenge. According to KASE information, the minimum rate at the trades amounted to 426 tenge per US dollar, the maximum to 427.05 tenge, the closing rate to 426.70 tenge.

The volume of...

18.06.2021

Greenback rallies on US Fed support

The dollar extended its gains against a basket of currencies on Thursday, a day after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected.

Fed officials on Wednesday projected an accelerated timetable for rate increases, began talks on how to end...

The dollar extended its gains against a basket of currencies on Thursday, a day after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected.

Fed officials on Wednesday projected an accelerated timetable for rate increases, began talks on how to end...

18.06.2021

Stock markets recaptured by bears as US trade floors struggle

World equity markets were heading for their biggest fall in weeks on Thursday and U.S. stocks advanced in choppy trading after the U.S. Federal Reserve signaled it might raise interest rates at a much faster pace than assumed.

Bond yields and the dollar rose sharply on the surprise move. The greenback touched...

World equity markets were heading for their biggest fall in weeks on Thursday and U.S. stocks advanced in choppy trading after the U.S. Federal Reserve signaled it might raise interest rates at a much faster pace than assumed.

Bond yields and the dollar rose sharply on the surprise move. The greenback touched...

Oil and Gas Sector

18.06.2021

Kazakhstan should develop new gas pricing model by September

One of the priority issues is the improvement of pricing in the domestic gas market. Active gasification of regions has led to an increase in gas consumption. Over the past 5 years, the domestic market has increased by 40%, from 12 to 17 billion cubic metres of gas. The price...

One of the priority issues is the improvement of pricing in the domestic gas market. Active gasification of regions has led to an increase in gas consumption. Over the past 5 years, the domestic market has increased by 40%, from 12 to 17 billion cubic metres of gas. The price...

18.06.2021

National Fund transfers increase amid coronacrisis in Kazakhstan

The growth in the size of transfers from the National Fund took place in the context of the coronavirus crisis, said Minister of Finance of Kazakhstan Yerulan Zhamaubayev.

“During the discussion of the report, the issue of increasing dependence of the budget on oil revenues was raised. In fact, under the...

The growth in the size of transfers from the National Fund took place in the context of the coronavirus crisis, said Minister of Finance of Kazakhstan Yerulan Zhamaubayev.

“During the discussion of the report, the issue of increasing dependence of the budget on oil revenues was raised. In fact, under the...

18.06.2021

Gas processing plant on fire in southwest Kazakhstan

On June 16 at 22.19 at the Zhanaozen Industrial Zone, on the territory of KazGPZ LLP, a fire broke out in the compressor shop on the area of 980 square meters.

"There are no casualties or injuries. The fire was localized at 23.02 and extinguished at 23.17. The cause of the...

On June 16 at 22.19 at the Zhanaozen Industrial Zone, on the territory of KazGPZ LLP, a fire broke out in the compressor shop on the area of 980 square meters.

"There are no casualties or injuries. The fire was localized at 23.02 and extinguished at 23.17. The cause of the...

18.06.2021

Brent drops below $74/b on alleged overbidding

Crude oil prices fell on Thursday as the U.S. dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S. crude oil inventories.

Brent crude oil futures dropped by 42 cents, or 0.6%, to $73.97 a barrel...

Crude oil prices fell on Thursday as the U.S. dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S. crude oil inventories.

Brent crude oil futures dropped by 42 cents, or 0.6%, to $73.97 a barrel...

18.06.2021

North Sea natural gas prices up on supply pattern shift

The British wholesale gas price for day-ahead delivery rose on Thursday as flows were expected to be re-routed to the continent tomorrow and amid low wind output.

The day-ahead contract rose by 0.95 pence to 68.95 pence per therm by 0836 GMT.

"The important driver on the bullish side is the expectation for rerouting...

The British wholesale gas price for day-ahead delivery rose on Thursday as flows were expected to be re-routed to the continent tomorrow and amid low wind output.

The day-ahead contract rose by 0.95 pence to 68.95 pence per therm by 0836 GMT.

"The important driver on the bullish side is the expectation for rerouting...

Metals and Minerals

18.06.2021

Bullion bites dust on US Fed hawkish turn

Gold slipped below the $1,800 level on Thursday, after the Federal Reserve signalled earlier-than-expected interest rate increases.

Spot gold fell 0.8% to $1,797.25 per ounce by 1124 GMT, having touched its lowest since May 6 at $1,794.19.

U.S. gold futures fell 3.3% to $1,799.80 per ounce.

A majority of 11 Fed officials projected...

Gold slipped below the $1,800 level on Thursday, after the Federal Reserve signalled earlier-than-expected interest rate increases.

Spot gold fell 0.8% to $1,797.25 per ounce by 1124 GMT, having touched its lowest since May 6 at $1,794.19.

U.S. gold futures fell 3.3% to $1,799.80 per ounce.

A majority of 11 Fed officials projected...

18.06.2021

Non-ferrous base markets down on US Fed offensive

Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.

Prices have also been weighed down by top consumer China's plans to release industrial metals from its national...

Copper prices fell to their lowest in two months on Thursday after the U.S. Federal Reserve brought forward its expectations for raising interest rates, sending the dollar higher and sapping demand for metals.

Prices have also been weighed down by top consumer China's plans to release industrial metals from its national...

Manufacturing industry

18.06.2021

Capital investments in construction of highways in Kazakhstan over 4 months amount to almost 40 billion tenge

At the beginning of this year, the length of public roads in Kazakhstan amounted to 95.8 thousand km, 0.1% more than a year earlier. Among them, 38.8 thousand km were roads of regional significance, 32.1 thousand km roads of regional significance, 24.9 thousand km roads of international and national significance.

In...

At the beginning of this year, the length of public roads in Kazakhstan amounted to 95.8 thousand km, 0.1% more than a year earlier. Among them, 38.8 thousand km were roads of regional significance, 32.1 thousand km roads of regional significance, 24.9 thousand km roads of international and national significance.

In...

18.06.2021

Turkestan region plans to attract over 2 trillion tenge for new projects

In the Turkestan region, they plan to attract over 2 trillion tenge for the implementation of new projects. This was reported by the regional administration. During 2021-2025, it is planned to launch 181 projects. Presumably, 2.6 trillion tenge will be invested in the start of these facilities. The opening of...

In the Turkestan region, they plan to attract over 2 trillion tenge for the implementation of new projects. This was reported by the regional administration. During 2021-2025, it is planned to launch 181 projects. Presumably, 2.6 trillion tenge will be invested in the start of these facilities. The opening of...

18.06.2021

Investors help open two more factories in Kazakhstan

In the Turkestan region, it is planned to launch two more production facilities for billions by 2023. This was reported in the regional administration. According to the information provided, both projects for 1.3 billion tenge are being implemented in the Maktaaral district.

Thus, a company from Malaysia is investing in the...

In the Turkestan region, it is planned to launch two more production facilities for billions by 2023. This was reported in the regional administration. According to the information provided, both projects for 1.3 billion tenge are being implemented in the Maktaaral district.

Thus, a company from Malaysia is investing in the...

18.06.2021

Special economic zones remain empty, and another 280 billion tenge needed to complete their construction

60% of the territories in special economic zones are empty. According to the chairman of the Accounts Committee Natalia Godunova, the audit of the SEZ was completed the other day.

"From 2001 to 2019, 372 billion tenge was allocated from the national budget for the development of the SEZ alone, of...

60% of the territories in special economic zones are empty. According to the chairman of the Accounts Committee Natalia Godunova, the audit of the SEZ was completed the other day.

"From 2001 to 2019, 372 billion tenge was allocated from the national budget for the development of the SEZ alone, of...

Trade and Consumer Goods

18.06.2021

Wholesale and retail prices rise in Kazakhstan

In connection with the rise in prices for products, I decided to see how the wholesale price for them differs from the retail one.

According to the May data of the Bureau of National Statistics, the national average price of beef in retail outlets exceeds 2.1 thousand tenge per 1 kg,...

In connection with the rise in prices for products, I decided to see how the wholesale price for them differs from the retail one.

According to the May data of the Bureau of National Statistics, the national average price of beef in retail outlets exceeds 2.1 thousand tenge per 1 kg,...

Agriculture

18.06.2021

Passivity interferes with development of agriculture in Kazakhstan

The lack of a timely response from the Ministry of Agriculture leads to Kazakhstan lagging behind the positive experience of its neighbours. Passivity at the national level leads to the fact that the national interests of Kazakhstani producers are giving way under the pressure of more active countries in the...

The lack of a timely response from the Ministry of Agriculture leads to Kazakhstan lagging behind the positive experience of its neighbours. Passivity at the national level leads to the fact that the national interests of Kazakhstani producers are giving way under the pressure of more active countries in the...

18.06.2021

Kazakhstan returns unused land to state

More than 8,300 hectares of unused land were returned to the state in the Saryagash region. Active work on the return of unused land is being carried out in the Saryagash region. To date, careless business executives had to return 8,350 hectares to state ownership. Basically, these are pasture lands...

More than 8,300 hectares of unused land were returned to the state in the Saryagash region. Active work on the return of unused land is being carried out in the Saryagash region. To date, careless business executives had to return 8,350 hectares to state ownership. Basically, these are pasture lands...

18.06.2021

US grain contracts retreat on improving FSU market positions

Chicago corn futures slid more than 2% on Thursday and soybeans dropped to a six-week low, as forecasts of improved weather in parts of the United States and a strong rise in the U.S. dollar weighed on prices.

Wheat followed the downward trend after rising earlier in Asian trade and in...

Chicago corn futures slid more than 2% on Thursday and soybeans dropped to a six-week low, as forecasts of improved weather in parts of the United States and a strong rise in the U.S. dollar weighed on prices.

Wheat followed the downward trend after rising earlier in Asian trade and in...

18.06.2021

EAEU unifies export measures for buckwheat

The Board of the Eurasian Economic Commission decided to introduce a unified non-tariff regulation measure in the form of a quantitative export restriction on buckwheat.

The measure is introduced until August 31 of this year and provides for a zero quota for the export of goods from Armenia, Belarus, Kyrgyzstan and...

The Board of the Eurasian Economic Commission decided to introduce a unified non-tariff regulation measure in the form of a quantitative export restriction on buckwheat.

The measure is introduced until August 31 of this year and provides for a zero quota for the export of goods from Armenia, Belarus, Kyrgyzstan and...

Communications and Transportation

18.06.2021

87% of rural families in Kazakhstan already actively use mobile Internet

From year to year in Kazakhstan, as well as throughout the world, technological solutions are being introduced into all life processes of both individuals and enterprises. The coronavirus pandemic has significantly accelerated the process of digitalisation and technological development. In these conditions, the Internet has become a connecting circulatory system...

From year to year in Kazakhstan, as well as throughout the world, technological solutions are being introduced into all life processes of both individuals and enterprises. The coronavirus pandemic has significantly accelerated the process of digitalisation and technological development. In these conditions, the Internet has become a connecting circulatory system...

18.06.2021

Fund with participation of Kazyna Capital Management withdraws from transport project

Direct investment fund Baiterek Venture Fund announced the successful exit from the project of the Allur Group of Companies.

Allur Group of Companies is a shareholder of the largest car manufacturer in Kazakhstan SaryarkaAvtoProm, an official distributor, manufacturer and dealer of JAC, Ankai, Yutong, Chevrolet, Ravon KIA, Niva Chevrolet, UAZ, MAN...

Direct investment fund Baiterek Venture Fund announced the successful exit from the project of the Allur Group of Companies.

Allur Group of Companies is a shareholder of the largest car manufacturer in Kazakhstan SaryarkaAvtoProm, an official distributor, manufacturer and dealer of JAC, Ankai, Yutong, Chevrolet, Ravon KIA, Niva Chevrolet, UAZ, MAN...

Regional News

18.06.2021

Putin and Biden announce practical steps after Geneva summit for coming months

The summit of the Russian and US presidents, which lasted less than 4 hours, ended better than many predicted. A joint communique on strategic stability was signed, and the ambassadors of both countries are returning in the coming days to work on bilateral relations. Furthermore, in the next six months,...

The summit of the Russian and US presidents, which lasted less than 4 hours, ended better than many predicted. A joint communique on strategic stability was signed, and the ambassadors of both countries are returning in the coming days to work on bilateral relations. Furthermore, in the next six months,...

18.06.2021

Russia moves up five spots in 2021 IMD World Competitiveness Ranking

Russia climbed five spots to 45th place out of 64 in the 2021 IMD World Competitiveness Ranking of the leading economies, according to the annual ranking of the IMD International Business School and the Moscow School of Management Skolkovo.

According to the newspaper, Russia’s higher performance is linked to the development...

Russia climbed five spots to 45th place out of 64 in the 2021 IMD World Competitiveness Ranking of the leading economies, according to the annual ranking of the IMD International Business School and the Moscow School of Management Skolkovo.

According to the newspaper, Russia’s higher performance is linked to the development...

18.06.2021

Russian stock markets on the retreat as rouble keeps reaching new highs

The Russian rouble rallied against the euro to its strongest since mid-August on Thursday and firmed versus the dollar after falling to a more than one-week low in the previous session following hawkish signals from the U.S. Federal Reserve.

The rouble strengthened for most of Wednesday after Russian President Vladimir Putin...

The Russian rouble rallied against the euro to its strongest since mid-August on Thursday and firmed versus the dollar after falling to a more than one-week low in the previous session following hawkish signals from the U.S. Federal Reserve.

The rouble strengthened for most of Wednesday after Russian President Vladimir Putin...

18.06.2021

China’s equity veers up following mini-slump

China stocks rose on Thursday after three straight sessions of losses as downbeat factory output data eased fears of policy tightening in the world’s second-largest economy.

The CSI300 index rose 0.3%, to 5,096.38 points at the end of the morning session, while the Shanghai Composite Index gained 0.2%, to 3,524.31 points.

The...

China stocks rose on Thursday after three straight sessions of losses as downbeat factory output data eased fears of policy tightening in the world’s second-largest economy.

The CSI300 index rose 0.3%, to 5,096.38 points at the end of the morning session, while the Shanghai Composite Index gained 0.2%, to 3,524.31 points.

The...

18.06.2021

China's fiscal revenue up 24.2 pct in first five months

China's fiscal revenue jumped 24.2 percent year on year in the first five months of 2021, official data showed Thursday.

According to data released by the Ministry of Finance, the country's fiscal revenue reached nearly 9.65 trillion yuan (about 1.5 trillion U.S. dollars) during the reporting period.

Tax revenue came in at...

China's fiscal revenue jumped 24.2 percent year on year in the first five months of 2021, official data showed Thursday.

According to data released by the Ministry of Finance, the country's fiscal revenue reached nearly 9.65 trillion yuan (about 1.5 trillion U.S. dollars) during the reporting period.

Tax revenue came in at...

Prices and Statistics

18.06.2021

Commodities

Date: June 18, 2021; Source: Bloomberg.com

...

Date: June 18, 2021; Source: Bloomberg.com

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18.06.2021

Exchange Rates

Date: June 18, 2021; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 426.77
1 EURO EUR / KZT 509.95
1 RUSSIAN ROUBLE RUB / KZT 5.89
1 CHINESE YUAN CNY / KZT 66.34
1 KYRGYZIAN SOM KGS / KZT 5.05
1 GREAT BRITAIN POUND GBP / KZT 596.28
1 CANADIAN DOLLAR CAD / KZT 346.43
1 AUSTRALIAN DOLLAR AUD / KZT 324.13
...

Date: June 18, 2021; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

426.77

1 EURO

EUR / KZT

509.95

1 RUSSIAN ROUBLE

RUB / KZT

5.89

1 CHINESE YUAN

CNY / KZT

66.34

1 KYRGYZIAN SOM

KGS / KZT

5.05

1 GREAT BRITAIN POUND

GBP / KZT

596.28

1 CANADIAN DOLLAR

CAD / KZT

346.43

1 AUSTRALIAN DOLLAR

AUD / KZT

324.13