Issue 3400 - 24.01.2020
24.01.2020

New Kazakhstan-EU cooperation agreement about to come into force

Kazakh Foreign Minister Mukhtar Tileuberdi made his first visit to Brussels Jan. 20 to participate in the 17th meeting of the Cooperation Council of the Republic of Kazakhstan-the European Union and meet with high-level officials. Earlier on the same day, the council adopted the conclusion of the EU-Kazakhstan Enhanced Partnership and Cooperation Agreement (EPCA) signed in 2015. The new agreement that has also been ratified by all member states and the European Parliament will enter into force March 1. Kazakhstan was the first country in Central Asia to sign the EPCA in 2015.

“The new ECPA, (…), opens the way to both a deepening and expansion of many ties between us at an important moment in Kazakhstan’s economic, social and political development. It is why it is an exciting time to be making my first visit to Brussels as foreign minister this week. I am determined to do all I can to build on the already strong partnership between Kazakhstan and the EU and ensure new opportunities for increased cooperation are taken,” wrote Minister Tileuberdi in an op-ed published on Euractiv ahead of the visit.

Delegations to the council meeting also discussed political, trade and economic cooperation and implementation of the new EU strategy and Europe-Asia interconnectedness.

Council representatives also said they are ready to work with Kazakhstan to apply the EPCA in 29 areas of cooperation, such as international and regional security, trade, investment, infrastructure development, as well as innovation, culture, sports and tourism. Other priority areas of the agreement were energy, transport, the environment, education and science, according to a press release by the Ministry of Foreign Affairs of Kazakhstan.

Trade with EU countries accounts for 50 percent of Kazakhstan’s foreign trade while the EU is also the largest investor in the Kazakh economy.

Between January and November 2019, trade between Kazakhstan and EU memberstates reached $28.7 billion (exports $22.7 billion, imports $6 billion). Foreign direct investment from the EU to Kazakhstan in the first six months of 2019 reached $5.4 billion.

The Cooperation Council meeting was Chaired by Minister for Foreign Affairs of Croatia Gordan Grlić Radman and Minister Tileuberdi.

On the sidelines of the Cooperation Council meeting, Minister Tileuberdi met with High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the European Commission Josep Borrell as well as members of the European Parliament, including members of the Kazakhstan-EU Friendship Group and the Delegation of the European Parliament for Central Asia and Mongolia to discuss regional development in Central Asia and political reforms that have had a positive impact on democratic changes in society.

The European Parliament members hailed the decision of Kazakh President Kassym-Jomart Tokayev to  accede to the Second Optional Protocol of the International Covenant on Civil and Political Rights, aimed at abolishing the death penalty in the country, as well as initiatives on peaceful assemblies, decriminalising defamation and lowering the threshold for creating political parties. Tokayev is scheduled to visit Brussels in February to discuss relations between Kazakhstan and the EU.

By Elya Altynsarina for the Astana Times.

Kazakhstan General

24.01.2020

Elbasy receives Assistant to President-Secretary of Security Council

First President of Kazakhstan-Elbasy Nursultan Nazarbayev received newly appointed Assistant to the President-Secretary of the Security Council Asset Issekeshev on January 23.

During the meeting, Nursultan Nazarbayev highlighted the important role the Security Council plays in making sure that the unified state policy is carried out in terms of ensuring the...

First President of Kazakhstan-Elbasy Nursultan Nazarbayev received newly appointed Assistant to the President-Secretary of the Security Council Asset Issekeshev on January 23.

During the meeting, Nursultan Nazarbayev highlighted the important role the Security Council plays in making sure that the unified state policy is carried out in terms of ensuring the...

24.01.2020

Jania Aubakirova shared her creative plans with Elbasy

The First President of Kazakhstan, Nursultan Nazarbayev, met with People's Artist of the Republic of Kazakhstan Jania Aubakirova.

During the conversation, Jania Aubakirova told Nursultan Nazarbayev about current activities and shared her creative plans for the coming period.

"You are a very famous person in the country who has achieved high results...

The First President of Kazakhstan, Nursultan Nazarbayev, met with People's Artist of the Republic of Kazakhstan Jania Aubakirova.

During the conversation, Jania Aubakirova told Nursultan Nazarbayev about current activities and shared her creative plans for the coming period.

"You are a very famous person in the country who has achieved high results...

24.01.2020

Kazakhstan adopts set of measures over coronavirus

Chairman of the Committee for quality control and safety of goods and services of the Ministry of health of Kazakhstan Lyudmila Byurabekova and Deputy Chairman Zhandarbek Bekshin informed the public about the measures taken to prevent coronavirus infection in Kazakhstan at a press conference held in the Central communications service. Cases of...

Chairman of the Committee for quality control and safety of goods and services of the Ministry of health of Kazakhstan Lyudmila Byurabekova and Deputy Chairman Zhandarbek Bekshin informed the public about the measures taken to prevent coronavirus infection in Kazakhstan at a press conference held in the Central communications service. Cases of...

24.01.2020

Schengen visa fees for Kazakh nationals to increase as of February

Schengen visa fees will increase for Kazakh citizens from $66 to $88 for adults and from $38 to $44 for children from ages six to 12 as of February 2020. All representative missions of the Schengen countries located abroad are obliged to apply the new rules as part of the...

Schengen visa fees will increase for Kazakh citizens from $66 to $88 for adults and from $38 to $44 for children from ages six to 12 as of February 2020. All representative missions of the Schengen countries located abroad are obliged to apply the new rules as part of the...

Finance and Investment

24.01.2020

Construction loans in Kazakhstan down by 15% on-year

By December last year, the loan portfolio of the construction industry of Kazakhstan amounted to only 690.2 billion tenge tenge, the annual reduction in the volume of loans in the sector amounted to 14.7% at once. In November 2018, the indicator was equal to 809.1 billion tenge.

The sector's share of...

By December last year, the loan portfolio of the construction industry of Kazakhstan amounted to only 690.2 billion tenge tenge, the annual reduction in the volume of loans in the sector amounted to 14.7% at once. In November 2018, the indicator was equal to 809.1 billion tenge.

The sector's share of...

24.01.2020

Kazakhstanis increasingly use online currency conversion

By January of this year, 2.6 thousand exchange points were functioning in Kazakhstan, 2.5% less than a year earlier, and 0.9% less than a month ago. Of these, the main share is formed by the exchange points of banks and Kazpost at 71.6% or 1,888 thousand, and non-bank exchange points...

By January of this year, 2.6 thousand exchange points were functioning in Kazakhstan, 2.5% less than a year earlier, and 0.9% less than a month ago. Of these, the main share is formed by the exchange points of banks and Kazpost at 71.6% or 1,888 thousand, and non-bank exchange points...

24.01.2020

State budget of Kazakhstan receives almost 10 trillion tenge in 2019

In 2019, the state budget received 9.7 trillion tenge of taxes and payments. This is 18.3% more than in 2018.

The largest volume of revenues was provided by Almaty, Atyrau region and Astana.

Almost all of the funds came from tax revenues at 9.2 trillion tenge. Internal taxes on goods, work and...

In 2019, the state budget received 9.7 trillion tenge of taxes and payments. This is 18.3% more than in 2018.

The largest volume of revenues was provided by Almaty, Atyrau region and Astana.

Almost all of the funds came from tax revenues at 9.2 trillion tenge. Internal taxes on goods, work and...

24.01.2020

Samruk-Kazyna Fund pays dividends to the Kazakh government worth 190 billion tenge

The group's debt burden since 2017 decreased by 1 trillion tenge. External debt was reduced by almost 2 trillion tenge. Dividends to the government amounted to 190 billion tenge, doubling in comparison with the previous period.

“Passenger traffic of Air Astana increased by 17% against 2018. Net income of KazMunayGas increased...

The group's debt burden since 2017 decreased by 1 trillion tenge. External debt was reduced by almost 2 trillion tenge. Dividends to the government amounted to 190 billion tenge, doubling in comparison with the previous period.

“Passenger traffic of Air Astana increased by 17% against 2018. Net income of KazMunayGas increased...

24.01.2020

Irregularities noted on exchange office market of Kazakhstan

Over 6 months of 2019, non-bank exchange offices committed more than 140 administrative violations.

“81.6% of entrepreneurs violated the law on combating money laundering. They did not adequately check customers and did not comply with the requirements of the internal control rules. They also did not provide or did not provide...

Over 6 months of 2019, non-bank exchange offices committed more than 140 administrative violations.

“81.6% of entrepreneurs violated the law on combating money laundering. They did not adequately check customers and did not comply with the requirements of the internal control rules. They also did not provide or did not provide...

24.01.2020

Pension savings in Unified Accumulative Pension Fund of Kazakhstan reach 10.8 trillion tenge

Accumulations of depositors of the Unified Accumulative Pension Fund as of January 1, 2020 amounted to 10.8 trillion tenge. The volume of pension assets in 2018 amounted to 9.38 trillion tenge. Thus, the growth by 15.1% was recorded.

Of these, the amount of accumulations on compulsory pension contributions amounted to 10.552...

Accumulations of depositors of the Unified Accumulative Pension Fund as of January 1, 2020 amounted to 10.8 trillion tenge. The volume of pension assets in 2018 amounted to 9.38 trillion tenge. Thus, the growth by 15.1% was recorded.

Of these, the amount of accumulations on compulsory pension contributions amounted to 10.552...

24.01.2020

Domestic demand remains key driver of growth in Kazakhstan

According to analysts of the Eurasian Development Bank, in late 2019 to early 2020, a high degree of uncertainty in the external economic conditions for the development of the economies of the EDB member countries remained.

On the one hand, the emerging progress in resolving the trade conflict between the US...

According to analysts of the Eurasian Development Bank, in late 2019 to early 2020, a high degree of uncertainty in the external economic conditions for the development of the economies of the EDB member countries remained.

On the one hand, the emerging progress in resolving the trade conflict between the US...

Oil and Gas Sector

24.01.2020

Contaminated oil incident could affect Rosneft's supply to China

Kazakhstan unexpectedly limited oil exports to China due to the discovery of organochlorine in raw materials. According to the Kazakh Ministry of Energy, the contaminated oil was produced at one of the largest assets in the country, CNPC-Aktobemunaigas, which belongs to the Chinese CNPC. As a result, Kazakhstan had to...

Kazakhstan unexpectedly limited oil exports to China due to the discovery of organochlorine in raw materials. According to the Kazakh Ministry of Energy, the contaminated oil was produced at one of the largest assets in the country, CNPC-Aktobemunaigas, which belongs to the Chinese CNPC. As a result, Kazakhstan had to...

24.01.2020

Kazakhstan reduces export and oil supplies to its refineries due to organochlorine

Kaztransoil has not yet resumed receiving oil from the CNPC-Aktobemunaigas, which was stopped due to the increased content of organic chlorides in raw materials, which led to a reduction in the supply of Kazakh oil to the country's refineries and for export, the Kazakhstan transport monopoly said on Wednesday.

"... export...

Kaztransoil has not yet resumed receiving oil from the CNPC-Aktobemunaigas, which was stopped due to the increased content of organic chlorides in raw materials, which led to a reduction in the supply of Kazakh oil to the country's refineries and for export, the Kazakhstan transport monopoly said on Wednesday.

"... export...

24.01.2020

Russian oil and gas companies become the most profitable in the world

Russian oil and gas companies will set a record for dividend yield for 2020 and will be the most profitable in the sector in the world, experts say. Companies are helped by government policy and the OPEC+ deal

The return on shares of Russian oil and gas companies will be a...

Russian oil and gas companies will set a record for dividend yield for 2020 and will be the most profitable in the sector in the world, experts say. Companies are helped by government policy and the OPEC+ deal

The return on shares of Russian oil and gas companies will be a...

24.01.2020

Gazprom Neft is the first Russian company to receive an international IPTC award

Gazprom Neft, Russia’s oil major with extensive downstream business in Kazakhstan and Kyrgyzstan, became the first Russian company which received the prestigious industry award Excellence in Project Integration. The prize was awarded to the project to develop the Gazprom Neft Arctic asset, the Novoportovskoye field, the company said.

The prize is...

Gazprom Neft, Russia’s oil major with extensive downstream business in Kazakhstan and Kyrgyzstan, became the first Russian company which received the prestigious industry award Excellence in Project Integration. The prize was awarded to the project to develop the Gazprom Neft Arctic asset, the Novoportovskoye field, the company said.

The prize is...

24.01.2020

Kazakhstan pins hopes on Royal Dutch Shell to invest in geological exploration

Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev met with Olivier Lazare, Country Chair of Shell Kazakhstan, and invited the foreign company to study the opportunities of investing in geological exploration of Caspian Basin.

“I have met with Olivier Lazare, Country Chair of Shell Kazakhstan. I have invited Shell to...

Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev met with Olivier Lazare, Country Chair of Shell Kazakhstan, and invited the foreign company to study the opportunities of investing in geological exploration of Caspian Basin.

“I have met with Olivier Lazare, Country Chair of Shell Kazakhstan. I have invited Shell to...

24.01.2020

Condor receives a further US$18.7 million for sale of oilfields in Kazakhstan

Condor Petroleum Inc. (“Condor” or the “Company”) (TSX:CPI) is pleased to announce the receipt of a further US$18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan. In October 2019 the Company received an initial deposit of US$3.8 million of...

Condor Petroleum Inc. (“Condor” or the “Company”) (TSX:CPI) is pleased to announce the receipt of a further US$18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan. In October 2019 the Company received an initial deposit of US$3.8 million of...

24.01.2020

Tracking Kazakhstan’s sovereign wealth funds through the last oil slump

A steadier oil market has helped Kazakhstan’s National Oil Fund regain its footing. But Kazakhstan’s other fund, Samruk-Kazyna, has struggled in its privatization drive.

Kazakhstan’s ample natural resources have carried the country from post-Soviet crisis into the ranks of upper-middle-income nations. Today it sits on two sovereign wealth funds, which are...

A steadier oil market has helped Kazakhstan’s National Oil Fund regain its footing. But Kazakhstan’s other fund, Samruk-Kazyna, has struggled in its privatization drive.

Kazakhstan’s ample natural resources have carried the country from post-Soviet crisis into the ranks of upper-middle-income nations. Today it sits on two sovereign wealth funds, which are...

24.01.2020

Lukoil to sign agreement with Azerbaijan’s Socar on new Caspian projects

Lukoil plans new joint projects in the Caspian Sea with Azerbaijan’s state oil company Socar, Chief Executive Officer of Russia’s oil major Vagit Alekperov told reporters on Wednesday, adding that the sides might sign a respective agreement during the World Economic Forum in Davos.

"We are discussing a number of projects, including...

Lukoil plans new joint projects in the Caspian Sea with Azerbaijan’s state oil company Socar, Chief Executive Officer of Russia’s oil major Vagit Alekperov told reporters on Wednesday, adding that the sides might sign a respective agreement during the World Economic Forum in Davos.

"We are discussing a number of projects, including...

24.01.2020

Over 30 Russian Navy ships to hold drills in Caspian Sea

The crews of Caspian Flotilla ships and vessels have taken to the sea to practice combat assignments of eliminating a notional enemy force, the press office of Russia’s Southern Military District reported on Thursday.

"The crews of the missile ships Dagestan and Tatarstan, the small artillery ships Astrakhan, Volgodonsk and Grad...

The crews of Caspian Flotilla ships and vessels have taken to the sea to practice combat assignments of eliminating a notional enemy force, the press office of Russia’s Southern Military District reported on Thursday.

"The crews of the missile ships Dagestan and Tatarstan, the small artillery ships Astrakhan, Volgodonsk and Grad...

24.01.2020

Urals’ price stagnant on Belarus, contamination concerns

Kazakhstan’s benchmark Urals crude’s differentials to dated Brent were stable on Thursday, as traders assessed how a stand-off over Russian oil supplies to Belarus might affect loadings from Russia’s ports in February.

Urals crude oil loadings from Primorsk and Ust-Luga for Feb. 1-10 were revised upwards by 0.3 million tonnes to 2.0...

Kazakhstan’s benchmark Urals crude’s differentials to dated Brent were stable on Thursday, as traders assessed how a stand-off over Russian oil supplies to Belarus might affect loadings from Russia’s ports in February.

Urals crude oil loadings from Primorsk and Ust-Luga for Feb. 1-10 were revised upwards by 0.3 million tonnes to 2.0...

24.01.2020

Of markets and monsters: China microbe thought to eat into Brent

Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. Brent crude futures were down 88 cents, or 1.39%, at $62.33 a barrel by...

Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. Brent crude futures were down 88 cents, or 1.39%, at $62.33 a barrel by...

24.01.2020

Persistent warm weather cools down European natural gas price settings

British wholesale gas prices fell on Thursday, pressured by decreasing demand and expectations that mild weather will continue.

The day-ahead contract fell 0.25 pence to 26.90 p/therm by 0910 GMT. The within-day contract was yet to trade.

After temperatures became milder on Wednesday reducing gas demand for heating, a further decline in...

British wholesale gas prices fell on Thursday, pressured by decreasing demand and expectations that mild weather will continue.

The day-ahead contract fell 0.25 pence to 26.90 p/therm by 0910 GMT. The within-day contract was yet to trade.

After temperatures became milder on Wednesday reducing gas demand for heating, a further decline in...

Metals and Minerals

24.01.2020

Bulls turn away from yuan, embrace Japanese rival currency

The Japanese yen strengthened and China’s yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the European Central Bank meeting.

Elsewhere, Australia’s dollar rose half a percent after a surprise drop in...

The Japanese yen strengthened and China’s yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the European Central Bank meeting.

Elsewhere, Australia’s dollar rose half a percent after a surprise drop in...

24.01.2020

Profit taking causes momentary bullion price dip

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite.

Spot gold was down 0.3% at $1,554.24 an ounce by 1127 GMT. U.S. gold futures fell 0.2% to $1,553.80.

“From the beginning...

Gold eased on Thursday as investors booked profits from recent rallies but held above the $1,550 technical support level on continuing low interest rates and a drop in risk appetite.

Spot gold was down 0.3% at $1,554.24 an ounce by 1127 GMT. U.S. gold futures fell 0.2% to $1,553.80.

“From the beginning...

24.01.2020

Non-ferrous base metals’ prices said to be pressed down by China virus spread

Copper prices fell to their lowest in six weeks on Thursday due to the potential impact of the deadly coronavirus outbreak on economic activity in China as the death toll rises.

Other industrial metals also slipped, oil prices fell more than 1.5% and Chinese shares had their biggest fall since May...

Copper prices fell to their lowest in six weeks on Thursday due to the potential impact of the deadly coronavirus outbreak on economic activity in China as the death toll rises.

Other industrial metals also slipped, oil prices fell more than 1.5% and Chinese shares had their biggest fall since May...

24.01.2020

Rice in Kazakhstan vulnerable to physical rifts

In the Kyzylorda region, rice areas occupy more than 80 thousand hectares. Despite the fact that rice is a water-consuming crop, its area in the region does not decrease. And there are serious reasons for this.

“If rice crops are sharply reduced, then in 2-3 years it will not be possible...

In the Kyzylorda region, rice areas occupy more than 80 thousand hectares. Despite the fact that rice is a water-consuming crop, its area in the region does not decrease. And there are serious reasons for this.

“If rice crops are sharply reduced, then in 2-3 years it will not be possible...

Energy Industry

24.01.2020

Regions of Kazakhstan vary in electricity bills

MP Snezhanna Imasheva informed about the need to establish fair prices for all consumer groups. In the regions, entrepreneurs complain about high tariffs and ask to return the differentiated cost of electricity by day zones, thanks to which they at least somehow reduced electricity bills.

Meanwhile, the Ministry of Energy noted...

MP Snezhanna Imasheva informed about the need to establish fair prices for all consumer groups. In the regions, entrepreneurs complain about high tariffs and ask to return the differentiated cost of electricity by day zones, thanks to which they at least somehow reduced electricity bills.

Meanwhile, the Ministry of Energy noted...

Manufacturing industry

24.01.2020

Large construction projects unfold in regions of Kazakhstan

Over 4.4 trillion tenge has been spent on construction work in Kazakhstan in 2019. Compared to 2018, this indicator grew by 12.9%.

The largest amount of work was performed by local private construction organisations at 88.3%, foreign at 11.5%, state at 0.2%.

An increase in the volume of construction work was observed...

Over 4.4 trillion tenge has been spent on construction work in Kazakhstan in 2019. Compared to 2018, this indicator grew by 12.9%.

The largest amount of work was performed by local private construction organisations at 88.3%, foreign at 11.5%, state at 0.2%.

An increase in the volume of construction work was observed...

Trade and Consumer Goods

24.01.2020

Import occupies more than 70% of Kazakhstan's trade with other EAEU countries

More than 70% of the volume of mutual trade between Kazakhstan and the countries of the Eurasian Economic Union is occupied by imports. In January-November 2019, Kazakhstan's trade with the EAEU countries exceeded $18.6 billion. Exports amounted to more than $5.5 billion, and imports to $13.1 billion, according to Union...

More than 70% of the volume of mutual trade between Kazakhstan and the countries of the Eurasian Economic Union is occupied by imports. In January-November 2019, Kazakhstan's trade with the EAEU countries exceeded $18.6 billion. Exports amounted to more than $5.5 billion, and imports to $13.1 billion, according to Union...

Agriculture

24.01.2020

Kazakhstan fills its barns with Russian grain

In January, Kazakhstani wheat gained a new additional value, and the falling dollar exchange rate threw it even higher in the equivalent of world trade. When going abroad, domestic wheat is no longer competitive.

The general context of the regional wheat and barley market of inland Eurasia, namely Kazakhstan, the Russian...

In January, Kazakhstani wheat gained a new additional value, and the falling dollar exchange rate threw it even higher in the equivalent of world trade. When going abroad, domestic wheat is no longer competitive.

The general context of the regional wheat and barley market of inland Eurasia, namely Kazakhstan, the Russian...

24.01.2020

Kazakhstan maintains historically high level of oilseeds processing

According to APK-Inform analysts, for the first three months of 2019/20 MY the processing volumes of oilseeds in Kazakhstan remained at the historically high level. Thus, in September-November of 2019 Kazakhstan produced more than 125 thsd tonnes of vegetable oils (refined and crude oils), an increase of 42% compared with...

According to APK-Inform analysts, for the first three months of 2019/20 MY the processing volumes of oilseeds in Kazakhstan remained at the historically high level. Thus, in September-November of 2019 Kazakhstan produced more than 125 thsd tonnes of vegetable oils (refined and crude oils), an increase of 42% compared with...

24.01.2020

US wheat benchmark futures continue upwar price settings

Chicago wheat futures edged higher on Thursday to hold near an 18-month high, underpinned by strong overseas demand, rising export prices and potential supply snags.

Chicago corn inched up while soybeans eased to a new one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of...

Chicago wheat futures edged higher on Thursday to hold near an 18-month high, underpinned by strong overseas demand, rising export prices and potential supply snags.

Chicago corn inched up while soybeans eased to a new one-month low as traders awaited signs of Chinese purchases of U.S. crops in the wake of...

Communications and Transportation

24.01.2020

Transit of goods through Kazakhstan grew 23 percent in 2019

The transit of goods through Kazakhstan grew 23 percent to 664,000 containers and total transit revenues for Kazakhstan reached more than 450 billion tenge (US$1.2 billion) in 2019, the Ministry of Infrastructure and Industrial Development reported Jan. 20.

Among this cargo, the number of containers in the direction of China –...

The transit of goods through Kazakhstan grew 23 percent to 664,000 containers and total transit revenues for Kazakhstan reached more than 450 billion tenge (US$1.2 billion) in 2019, the Ministry of Infrastructure and Industrial Development reported Jan. 20.

Among this cargo, the number of containers in the direction of China –...

24.01.2020

47 sections of Kazakhstan roads remain closed for traffic

Due to bad weather, traffic on 47 sections of Kazakhstan roads remains closed, according to KazAutoZhol JSC.

"Due to bad weather conditions, traffic has been closed on 47 sections with a length of 5387 km. This is almost 22% of all republican roads. Most of the routes are closed in East...

Due to bad weather, traffic on 47 sections of Kazakhstan roads remains closed, according to KazAutoZhol JSC.

"Due to bad weather conditions, traffic has been closed on 47 sections with a length of 5387 km. This is almost 22% of all republican roads. Most of the routes are closed in East...

24.01.2020

Kazakhstan, Russia co-finance Baiterek missile system

Kazakhstan and Russia will share financing for the creation of the Baiterek missile system. The relevant amendments to the agreement between the governments of Kazakhstan and Russia on the creation of the Baiterek space rocket complex at the Baikonur cosmodrome dated December 22, 2004 were ratified by the Senate at...

Kazakhstan and Russia will share financing for the creation of the Baiterek missile system. The relevant amendments to the agreement between the governments of Kazakhstan and Russia on the creation of the Baiterek space rocket complex at the Baikonur cosmodrome dated December 22, 2004 were ratified by the Senate at...

Pharmaceutical and Healthcare News

24.01.2020

Health services in Kazakhstan increase by 7% on-year

In the ranking of countries in terms of health, Kazakhstan took 84th place out of 167, overtaking Russia and Kyrgyzstan among partners in the EAEU, but losing to Belarus and Armenia.

Health rating is a subsection of the Wellness Index of the Legatum Institute. The index quantitatively measures well-being in 167...

In the ranking of countries in terms of health, Kazakhstan took 84th place out of 167, overtaking Russia and Kyrgyzstan among partners in the EAEU, but losing to Belarus and Armenia.

Health rating is a subsection of the Wellness Index of the Legatum Institute. The index quantitatively measures well-being in 167...

Regional News

24.01.2020

Russian economic dynamics set to outshine US, EU

Russia’s economic growth rate in 2020-2022 will be higher than in the United States and the Eurozone, according to an updated macroeconomic forecast by the Institute of Economic Forecasting of the Russian Academy of Sciences. In 2020, Russia’s GDP will grow 1.8% and 2.2% over the next two years, while...

Russia’s economic growth rate in 2020-2022 will be higher than in the United States and the Eurozone, according to an updated macroeconomic forecast by the Institute of Economic Forecasting of the Russian Academy of Sciences. In 2020, Russia’s GDP will grow 1.8% and 2.2% over the next two years, while...

24.01.2020

Russia posts increase average grain yield in 2019

According to the preliminary figures of the Federal State Statistics Service (Rosstat), in 2019 the average yield of grain crops in Russia increased by nearly 4.7% compared with the previous year and totaled 2.66 t/ha, reported the Ministry of Agriculture of the Russian Federation, on January 22.

The market segment of...

According to the preliminary figures of the Federal State Statistics Service (Rosstat), in 2019 the average yield of grain crops in Russia increased by nearly 4.7% compared with the previous year and totaled 2.66 t/ha, reported the Ministry of Agriculture of the Russian Federation, on January 22.

The market segment of...

24.01.2020

New Russian PM Mishustin sets digital economy goals

The new Russian Prime Minister Mikhail Mishustin, a known cryptocurrency enthusiast, has called on the country to prioritize the development of the digital economy, Coin Idol reports.

On his appointment as PM last week, the former head of Russian tax services vowed to transform the modern blockchain-powered state for the...

The new Russian Prime Minister Mikhail Mishustin, a known cryptocurrency enthusiast, has called on the country to prioritize the development of the digital economy, Coin Idol reports.

On his appointment as PM last week, the former head of Russian tax services vowed to transform the modern blockchain-powered state for the benefit of Russians....

24.01.2020

Russia’s currency, stock markets abandon part of earlier gains on viral China syndrome

The rouble opened weaker on Thursday, as the price of Brent crude oil fell to a seven-week low and investors' risk appetite was hit by growing concerns about the spread of a dangerous virus from China.

China on Thursday locked down the city of Wuhan, considered the epicentre of the coronavirus...

The rouble opened weaker on Thursday, as the price of Brent crude oil fell to a seven-week low and investors' risk appetite was hit by growing concerns about the spread of a dangerous virus from China.

China on Thursday locked down the city of Wuhan, considered the epicentre of the coronavirus...

24.01.2020

Russia-China highway bridge ready for launch

The first highway bridge connecting China and Russia across the Amur (Heilongjiang) River has recently passed the final acceptance test and is ready for opening, the authorities have said.

The maximum load capacity of the bridge reached 318 tons during the test, Chinese transport and engineering authorities have said, the...

The first highway bridge connecting China and Russia across the Amur (Heilongjiang) River has recently passed the final acceptance test and is ready for opening, the authorities have said.

The maximum load capacity of the bridge reached 318 tons during the test, Chinese transport and engineering authorities have said, the news agency said.

Measuring...

24.01.2020

Little monster microbe keeps gnawing at China’s stock, currency values

China stocks fell about 3% on Thursday, their biggest single-day loss in nearly nine months, as investors unloaded shares related to restaurants, cinemas, airlines and theme parks after a lockdown in the central city of Wuhan to curb a SARS-like virus.

Authorities in Wuhan, the epicentre of the new coronavirus outbreak...

China stocks fell about 3% on Thursday, their biggest single-day loss in nearly nine months, as investors unloaded shares related to restaurants, cinemas, airlines and theme parks after a lockdown in the central city of Wuhan to curb a SARS-like virus.

Authorities in Wuhan, the epicentre of the new coronavirus outbreak...

24.01.2020

Positive year seen ahead for Chinese A-shares

The outlook for China's A-share market remains positive for the year ahead, despite uncertainty surrounding the new coronavirus outbreak causing market instability in the short term, analysts said.

The benchmark Shanghai Composite Index gained 0.28 percent to close at 3060.75 points on Wednesday, recovering from a 1.41-percent slump on Tuesday, when...

The outlook for China's A-share market remains positive for the year ahead, despite uncertainty surrounding the new coronavirus outbreak causing market instability in the short term, analysts said.

The benchmark Shanghai Composite Index gained 0.28 percent to close at 3060.75 points on Wednesday, recovering from a 1.41-percent slump on Tuesday, when...

24.01.2020

Multinational firms in China move up the global value chain

The operations of multinational companies in China have changed over time, moving up the global value chain as the country has diverted its focus.

China is no longer the world's factory. Today, it is a cradle embracing and nurturing advanced technologies, a production base for more sophisticated and higher value-added products,...

The operations of multinational companies in China have changed over time, moving up the global value chain as the country has diverted its focus.

China is no longer the world's factory. Today, it is a cradle embracing and nurturing advanced technologies, a production base for more sophisticated and higher value-added products,...

24.01.2020

Gas production on Azerbaijan's Total-operated Absheron field to start in 2021

Azerbaijan's Minister of Energy Parviz Shahbazov received Total’s Executive Director for Azerbaijan Regis Agut on Jan. 22, according to the Azerbaijani Ministry of Energy.

The current situation related to the Absheron project implementation and the issues of cooperation with France’s Total company in the field of renewable energy sources were discussed...

Azerbaijan's Minister of Energy Parviz Shahbazov received Total’s Executive Director for Azerbaijan Regis Agut on Jan. 22, according to the Azerbaijani Ministry of Energy.

The current situation related to the Absheron project implementation and the issues of cooperation with France’s Total company in the field of renewable energy sources were discussed...

Prices and Statistics

24.01.2020

Commodities

Date: January 24, 2020; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 55.84 +0.25 +0.45% Mar 2020 12:14 AM
CO1:COMBrent Crude (ICE) USD/bbl. 62.29 +0.25 +0.40% Mar 2020 12:13 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 157.02 +1.00 +0.64% Feb 2020 12:05 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.93 +0.00 +0.21% Feb 2020 12:13 AM
HO1:COMHeating Oil (Nymex) USd/gal. 179.40 +0.24 +0.13% Feb 2020 1/23/2020
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
GC1:COMGold (Comex) USD/t oz. 1,560.10 -5.30 -0.34% Apr 2020 12:14 AM
XAUUSD:CURGold Spot USD/t oz. 1,560.93 -2.01 -0.13% N/A 12:24 AM
SI1:COMSilver (Comex) USD/t oz. 17.79 -0.04 -0.22% Mar 2020 12:12 AM
HG1:COMCopper (Comex) USd/lb. 272.60 0.00 0.00% Mar 2020 12:13 AM
XPTUSD:CURPlatinum Spot USD/t oz. 1,003.78 -1.23 -0.12% N/A 12:23 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
C 1:COMCorn (CBOT) USd/bu. 392.25 -1.50 -0.38% Mar 2020 12:13 AM
W 1:COMWheat (CBOT) USd/bu. 578.75 -1.75 -0.30% Mar 2020 12:14 AM
CC1:COMCocoa (ICE) USD/MT 2,771.00 -32.00 -1.14% Mar 2020 1/23/2020
CT1:COMCotton #2 (ICE) USd/lb. 69.91 -0.12 -0.17% Mar 2020 12:12 AM
LC1:COMLive Cattle (CME) USd/lb. 124.18 -2.60 -2.05% Apr 2020 1/23/2020

Date: January 24, 2020; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 55.84 +0.25 +0.45% Mar 2020 12:14 AM
CO1:COMBrent Crude (ICE) USD/bbl. 62.29 +0.25 +0.40% Mar 2020 12:13 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 157.02 +1.00 +0.64% Feb 2020 12:05 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.93 +0.00 +0.21% Feb 2020 12:13 AM
HO1:COMHeating Oil (Nymex) USd/gal. 179.40 +0.24 +0.13% Feb 2020 1/23/2020

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
GC1:COMGold (Comex) USD/t oz. 1,560.10 -5.30 -0.34% Apr 2020 12:14 AM
XAUUSD:CURGold Spot USD/t oz. 1,560.93 -2.01 -0.13% N/A 12:24 AM
SI1:COMSilver (Comex) USD/t oz. 17.79 -0.04 -0.22% Mar 2020 12:12 AM
HG1:COMCopper (Comex) USd/lb. 272.60 0.00 0.00% Mar 2020 12:13 AM
XPTUSD:CURPlatinum Spot USD/t oz. 1,003.78 -1.23 -0.12% N/A 12:23 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
C 1:COMCorn (CBOT) USd/bu. 392.25 -1.50 -0.38% Mar 2020 12:13 AM
W 1:COMWheat (CBOT) USd/bu. 578.75 -1.75 -0.30% Mar 2020 12:14 AM
CC1:COMCocoa (ICE) USD/MT 2,771.00 -32.00 -1.14% Mar 2020 1/23/2020
CT1:COMCotton #2 (ICE) USd/lb. 69.91 -0.12 -0.17% Mar 2020 12:12 AM
LC1:COMLive Cattle (CME) USd/lb. 124.18 -2.60 -2.05% Apr 2020 1/23/2020
24.01.2020

Exchange Rates

Date: January 24, 2020; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 377.86
1 EURO EUR / KZT 418.74
1 RUSSIAN ROUBLE RUB / KZT 6.1
1 CHINESE YUAN CNY / KZT 54.5
1 KYRGYZIAN SOM KGS / KZT 5.41
1 GREAT BRITAIN POUND GBP / KZT 496.13
1 CANADIAN DOLLAR CAD / KZT 287.11
1 AUSTRALIAN DOLLAR AUD / KZT 259.59

Date: January 24, 2020; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

377.86

1 EURO

EUR / KZT

418.74

1 RUSSIAN ROUBLE

RUB / KZT

6.1

1 CHINESE YUAN

CNY / KZT

54.5

1 KYRGYZIAN SOM

KGS / KZT

5.41

1 GREAT BRITAIN POUND

GBP / KZT

496.13

1 CANADIAN DOLLAR

CAD / KZT

287.11

1 AUSTRALIAN DOLLAR

AUD / KZT

259.59