GDP in 1Q2018 continued to rise, reaching 4.1% yoy. According to our calculations, GDP growth was 2.4% qoq for 1Q2018, while an average quarterly rate in 2017 was at around 1.2% qoq. This year, as before, the industrial sector remains the main catalyst for growth, but it is starting to lose some momentum (+5.4% yoy in 1Q2018 vs. 6.3% yoy in 1Q2017). In these conditions, non-tradable sectors of the economy (trade, transport and other services) are the main contributors for the further GDP expansion.
GDP in 1Q2018 continued to rise, reaching 4.1% yoy. With seasonal correction, the dynamics of gross production is also on the rise from 4Q2017 after a slight slowdown in the middle of last year. According to our calculations, GDP growth was 2.4% qoq for 1Q2018, while an average quarterly GDP rate in 2017 was at around 1.2% qoq.
According to our estimates, the industrial sector provides ~2pp of annual GDP growth. In the 1st quarter of 2018, the contribution of trade and transport widened to 1.3pp (vs. 0.8pp in 1Q2017). This year as before the industrial sector remains the main catalyst for growth, but it is starting to lose some momentum (+5.4% yoy in 1Q2018 vs. 6.3% yoy in 1Q2017). In these conditions, non-tradable sectors of the economy (trade, transport and other services) are the main contributors for the further GDP expansion. In view of the world oil prices upturn, revenues from the commodity sector are apparently starting to be redistributed into labor wages, stimulating demand and expanding the services sector and trade.
As a result, a significant increase in retail and wholesale turnover is consistent with positive real incomes (+3.7% yoy in January-March) and real wages (+2% yoy in January-March). In turn, the recovery in domestic demand will partly be met through increased imports, which will have a negative effect on GDP growth.
Short-term economic indicator for the first time since the beginning of the year slowed in April, for the period from January to April, the increase was 5% yoy (5.3% yoy in January-March, 5.4% yoy in January-April 2017).
The growth rates of industrial production for the first 4 months of the year are positive: +5.1% yoy, but with a slowdown by 0.2pp compared with the growth for the first three months of this year. IP is also lower than last year (for comparison, +7.1% yoy for January-April 2017).
Positive dynamics is maintained in oil production (+5.9% yoy vs. 6.1% yoy in January-March 2018), ferrous metallurgy (+6.1% yoy against 7.7% yoy in January-March), production of non-ferrous metals (+2.4% yoy against 3.9% yoy in January-March). Oil production by April reached 30 million tons, while the Government expects a production level of 87 million tons by the end of the year (of which 11 million tons are planned to be produced at Kashagan).
Considering the dynamics of the industrial production index on a monthly basis, in April, although it shows a decrease of 2.2% mom (mainly as a result of a decrease in oil and metallurgy, mom), adjusted for seasonality, growth is at 1% mom. Thus, we believe that this slowdown in industry is not yet significant. Seasonally adjusted monthly growth in this sector remains positive at 1% mom. The contribution of industrial production to the indicator of STEI for January-April was about 2.7pp from 5% (~54%), according to our calculations.
The high growth in trade supported the STEI: the contribution of the industry, according to our calculations, was about 1.5pp out of 5% (~30% of the increase in STEI). The indices of the physical volume of trade have significantly increased since the beginning of the year, +6.2% yoy in January-April 2018 (+2.4% yoy in the same period last year). The wholesale trade is growing faster, +6.8% yoy, in the retail segment - the index is at the level of 5.4% yoy.
A significant increase in wholesale trade occurs in the food products segment (+53% yoy, share - 27%), there is a decrease in the non-food sector (-4.7% yoy, share - 73%). A breakdown by region shows an impressive increase in wholesale trade in Atyrau, which is consistent with the acceleration of oil sales in the domestic market (+38.7% yoy in January-February 2018 against 26.6% in the same period last year). Wholesale trade in food products in Almaty has more than doubled. In general, in almost all regions of the country there is an increase in wholesale trade, excluding Astana.
The increase in retail turnover was due to non-food products (+9.9% yoy in January-April 2018), financed apparently by consumer loans (loans increased by 19% yoy in March), food turnover decreased (-2.7% yoy).
Transport services also show acceleration this year, +4.6% yoy in January-April (against +3.5% yoy in January-April 2017). The contribution of this sector to STEI, according to our calculations, was at around 0.6pt (~12%). Freight turnover increased by 9.6% yoy in 4 months. However, after a slowdown in industry, in rail transport, which takes the largest share of the entire country's freight turnover (49%), there is a decrease of 5.4% mom.
In agriculture, since the beginning of the year, an acceleration is observed: +3.8% yoy in January-April 2018 against 2.9% yoy in January-April 2017 (contribution to the STEI: 0.13pp). The index of physical volume in crop production seasonally at an unchanged level compared to last year, a significant increase in livestock production (+4% yoy in January-April 2018) against a background of growth in investments in agriculture (+21% yoy in January-April this year).
The volume of construction work in April fell by 4.3% yoy, which is why in January-April 2018 the industry index amounted to 2.1% yoy against 5.9% yoy in January-March 2018. Construction for the first 4 months compared to last year shows a slight increase in almost all regions of the country, except Atyrau, Pavlodar and Astana. Completion of modernization projects at the refinery (in Atyrau and Pavlodar) affects the slowdown of the entire industry. In the structure: construction and installation work is being reduced, and the entire increase was due to works on capital repair.
In the communications sector, the growth amounted to 6.9% (January-April 2018) versus 5.1% (January-March 2018), compared to the previous year, the volume of communication services also increased (+ 2% in January-April 2017).
Investments in fixed assets in January-April are higher by 28.9% yoy. The investment growth rate slows down: the main jump occurred in January this year (+ 64% yoy), an increase in April subsided to 7.2% yoy. The largest share of capital investments falls on the production of crude oil and natural gas (41.6% of total investments), real estate operations (12.8%), transportation and warehouse (11.6%). The most rapid growth was in capex in construction (+61% yoy), transport (+51% yoy), real estate operations (+27% yoy).
The export-oriented model of the country's economy supports a relatively high GDP growth rate of 4.1% yoy in 1Q2018 in view of an increase in world prices and demand for oil. At the same time, in our assessment, the structure of GDP has changed somewhat towards non-tradable sectors of the economy, the income of the commodity sector is slowly being distributed to the domestic sectors of the economy and services (trade, financial services, communications, transport). With the growth of real wages and incomes of the population, on the one hand, we expect the recovery of domestic demand, but on the other hand, this will partly stimulate imports, having a negative impact on GDP. The growth of trade in the absence of sufficient rates of production of goods in the country may soon come to end. By the end of the year, the GDP growth rate, according to our estimates, will be at 3.9%.
The short-term economic indicator shows a slowdown in April, caused by a seasonal decline, on a monthly basis, in April in the industrial production and a fall in the volume of construction work. Based on capital investments, we expect accelerated rates of output in agriculture and the extractive sector. However, the persistence of commodity concentration and the dominance of the public sector in stimulating GDP growth make the economy vulnerable to negative external shocks.
By Elmira Arnabekova for Halyk Finance (Kazakhstan).
In Astana, a meeting of the Council of Defense Ministers of the Collective Security Treaty Organization (CSTO) took place, which resolved to conduct special exercises Echelon-2019, Kazpravda reports.
"Next year we plan to conduct special exercises of the CSTO logistical forces, Echelon-2019, said the head of the CSTO Joint Staff Anatoly...
In Astana, a meeting of the Council of Defense Ministers of the Collective Security Treaty Organization (CSTO) took place, which resolved to conduct special exercises Echelon-2019, Kazpravda reports.
"Next year we plan to conduct special exercises of the CSTO logistical forces, Echelon-2019, said the head of the CSTO Joint Staff Anatoly...
Chinese State Councilor and Minister of Public Security Zhao Kezhi on Tuesday called on theShanghai Cooperation Organization (SCO) countries to enhance political mutual trust and jointly safeguard regional stability and development.
Zhao made the remarks in a keynote speech at the 13th meeting of SCO Security Council Secretaries in Beijing. Delegations...
Chinese State Councilor and Minister of Public Security Zhao Kezhi on Tuesday called on theShanghai Cooperation Organization (SCO) countries to enhance political mutual trust and jointly safeguard regional stability and development.
Zhao made the remarks in a keynote speech at the 13th meeting of SCO Security Council Secretaries in Beijing. Delegations...
The National Security Committee of Kazakhstan on May 5 detained businessman Yerkyn Amirhanov.
The pre-trial investigation was launched against the businessman on charges with commercial bribery during his tenure as chairman for procurement of the Centerkazenergomontazh JSC.
The court sanctioned 2-month arrest for the businessman. The investigation is ongoing.
Amirhanov was ranked 40th...
The National Security Committee of Kazakhstan on May 5 detained businessman Yerkyn Amirhanov.
The pre-trial investigation was launched against the businessman on charges with commercial bribery during his tenure as chairman for procurement of the Centerkazenergomontazh JSC.
The court sanctioned 2-month arrest for the businessman. The investigation is ongoing.
Amirhanov was ranked 40th...
The President of Kazakhstan, Nursultan Nazarbayev, said that the main feature of the 5th International Exhibition of Weapons Systems and Military Equipment "KADEX 2018" is the holding of the "Days of Space in Kazakhstan" International Forum, Kazinform cites the press service of Akorda.
Nursultan Nazarbayev underlined the fact that KADEX 2018...
The President of Kazakhstan, Nursultan Nazarbayev, said that the main feature of the 5th International Exhibition of Weapons Systems and Military Equipment "KADEX 2018" is the holding of the "Days of Space in Kazakhstan" International Forum, Kazinform cites the press service of Akorda.
Nursultan Nazarbayev underlined the fact that KADEX 2018...
At the meeting, the sides discussed topical issues of cooperation in the field of defense and cooperation within the CSTO framework.
Nursultan Nazarbayev and Sergei Shoigu noted the importance of holding the international exhibition KADEX-2018 and pointed out its effectiveness for strengthening interstate relations in the defense industry of the two...
At the meeting, the sides discussed topical issues of cooperation in the field of defense and cooperation within the CSTO framework.
Nursultan Nazarbayev and Sergei Shoigu noted the importance of holding the international exhibition KADEX-2018 and pointed out its effectiveness for strengthening interstate relations in the defense industry of the two...
Kazakhstan’s government is asking an appeals court to throw out a decision that allowed BNY Mellon to freeze about $22 billion of assets in the country’s oil fund as part of a dispute over an unpaid arbitration award.
BNY Mellon says it is required to freeze the assets because of Belgian...
Kazakhstan’s government is asking an appeals court to throw out a decision that allowed BNY Mellon to freeze about $22 billion of assets in the country’s oil fund as part of a dispute over an unpaid arbitration award.
BNY Mellon says it is required to freeze the assets because of Belgian...
The claimants sought to enforce a NY Convention award in their favour both in the UK and in other jurisdictions. In the proceedings here, the defendant sought to set aside the order granting permission to enforce the award. The court directed that the defendant's claim that the award was obtained...
The claimants sought to enforce a NY Convention award in their favour both in the UK and in other jurisdictions. In the proceedings here, the defendant sought to set aside the order granting permission to enforce the award. The court directed that the defendant's claim that the award was obtained...
Britain’s Serious Fraud Office has laid new bribery charges against two Unaoil executives over a $US730 million ($970m) Iraqi government contract to build oil pipelines won by Australian company Leighton in 2010.
It is the first time the SFO investigation has drawn in Leighton, now known as CIMIC following its takeover...
Britain’s Serious Fraud Office has laid new bribery charges against two Unaoil executives over a $US730 million ($970m) Iraqi government contract to build oil pipelines won by Australian company Leighton in 2010.
It is the first time the SFO investigation has drawn in Leighton, now known as CIMIC following its takeover...
Following the results of 1Q2018, the Company's revenue decreased by 15% yoy to $95mn, which was caused by a decline in production (-31% yoy) and partially offset by an increase in the average crude oil price (+ 21% yoy).
The cost of sales decreased by 7% to $41mn. The company managed...
Following the results of 1Q2018, the Company's revenue decreased by 15% yoy to $95mn, which was caused by a decline in production (-31% yoy) and partially offset by an increase in the average crude oil price (+ 21% yoy).
The cost of sales decreased by 7% to $41mn. The company managed...
Oil eased on Wednesday, under pressure fr om a potential increase in OPEC crude output to cool the market's recent rally and cover any shortfalls in supply fr om Iran and Venezuela.
Across the broader financial markets, investors dumped equities and other industrial commodities in favour of the Japanese yen, U.S....
Oil eased on Wednesday, under pressure fr om a potential increase in OPEC crude output to cool the market's recent rally and cover any shortfalls in supply fr om Iran and Venezuela.
Across the broader financial markets, investors dumped equities and other industrial commodities in favour of the Japanese yen, U.S....
Eight agreements for $62 million were signed during the Kazakh-Uzbek business forum on May 22 in Shymkent.
The forum participants discussed joint projects, export and import of products, cooperation with the purpose to access markets of other countries.
The signed documents include memorandums between administration of South Kazakhstan region and Uzbekistan’s Alliance...
Eight agreements for $62 million were signed during the Kazakh-Uzbek business forum on May 22 in Shymkent.
The forum participants discussed joint projects, export and import of products, cooperation with the purpose to access markets of other countries.
The signed documents include memorandums between administration of South Kazakhstan region and Uzbekistan’s Alliance...
Kazakhstan will form a legal framework for development of venture financing. The corresponding bill was approved in the first reading at the plenary session in Majilis, Kazpravda reports.
As the Minister for Investments and Development Zhenis Kasymbek noted, presenting the bill, in Kazakhstan the venture financing market is practically absent.
"Our investors,...
Kazakhstan will form a legal framework for development of venture financing. The corresponding bill was approved in the first reading at the plenary session in Majilis, Kazpravda reports.
As the Minister for Investments and Development Zhenis Kasymbek noted, presenting the bill, in Kazakhstan the venture financing market is practically absent.
"Our investors,...
Bank of Astana is experiencing difficulties associated with the outflow of liquidity since the beginning of this year, the National Bank of Kazakhstan said, when commenting on the situation with Bank of Astana at the presentation of the report on financial stability, Kazinform reported.
The message says the clients of Bank...
Bank of Astana is experiencing difficulties associated with the outflow of liquidity since the beginning of this year, the National Bank of Kazakhstan said, when commenting on the situation with Bank of Astana at the presentation of the report on financial stability, Kazinform reported.
The message says the clients of Bank...
Leading global economic experts and Astana International Financial Centre (AIFC) executives outlined important changes in the global financial system and the role of financial centres in the rapidly changing financial environment of the 21st century at a May 18 panel session of the Astana Economic Forum dedicated to the new...
Leading global economic experts and Astana International Financial Centre (AIFC) executives outlined important changes in the global financial system and the role of financial centres in the rapidly changing financial environment of the 21st century at a May 18 panel session of the Astana Economic Forum dedicated to the new...
Russia's Sberbank intends to reduce its presence in Europe, but expand it in Kazakhstan and Belarus, the head of the state bank Herman Gref said.
"We stay in Europe, Belarus, Kazakhstan and Ukraine. Ukraine is a separate story, we have already made three attempts to sell the bank, now we will make one more...
Russia's Sberbank intends to reduce its presence in Europe, but expand it in Kazakhstan and Belarus, the head of the state bank Herman Gref said.
"We stay in Europe, Belarus, Kazakhstan and Ukraine. Ukraine is a separate story, we have already made three attempts to sell the bank, now we will make one more...
Based on the results of trades on the spot-market:
- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT326.20 per US dollar at the trades volume USD121,900 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 KZT326.20 per US dollar at the trades volume USD121,900 th.;
- on US dollar with settlements Т+1 and T+2 in tenge no deals were made, at the session close quotes...
The dollar rose to a six-month high against the euro on Wednesday as data indicating a slowdown in European business activity hurt the common currency, while broader risk aversion hurt the dollar against the Japanese yen.
The dollar index, which measures the greenback against a basket of six other currencies, was...
The dollar rose to a six-month high against the euro on Wednesday as data indicating a slowdown in European business activity hurt the common currency, while broader risk aversion hurt the dollar against the Japanese yen.
The dollar index, which measures the greenback against a basket of six other currencies, was...
Kazakhstan intends to sell at least 25% of the world's largest uranium miner Kazatomprom, Wall Street Journal said referring to Akhmetzhan Yesimov, CEO of Samruk-Kazyna NWF, Kommersant.ru reports.
Kazakhstan government has already applied to several banks, including JPMorgan Chase & Co, to offer the company's shares on the stock exchanges in...
Kazakhstan intends to sell at least 25% of the world's largest uranium miner Kazatomprom, Wall Street Journal said referring to Akhmetzhan Yesimov, CEO of Samruk-Kazyna NWF, Kommersant.ru reports.
Kazakhstan government has already applied to several banks, including JPMorgan Chase & Co, to offer the company's shares on the stock exchanges in...
The National Atomic Company of Kazakhstan Kazatomprom has won a tender for supply of uranium concentrates to Indústrias nucleares do Brasil (INB). The uranium has been already delivered.
INB is a government-run producer of nuclear fuel in Brazil. Its operations are licensed and controlled by the National Commission for Nuclear Power,...
The National Atomic Company of Kazakhstan Kazatomprom has won a tender for supply of uranium concentrates to Indústrias nucleares do Brasil (INB). The uranium has been already delivered.
INB is a government-run producer of nuclear fuel in Brazil. Its operations are licensed and controlled by the National Commission for Nuclear Power,...
KAZ Minerals (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, May 4th.
According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The...
KAZ Minerals (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, May 4th.
According to Zacks, “KAZ Minerals PLC is involved in mining, producing and selling copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company’s operating segment...
Gold prices fell on Wednesday as a stronger dollar outpaced concerns over U.S.-China trade talks, which had earlier boosted the metal's safe-haven appeal.
The dollar, in which gold and other commodities are priced, rose versus a basket of currencies as investors awaited the release later in the day of minutes from...
Gold prices fell on Wednesday as a stronger dollar outpaced concerns over U.S.-China trade talks, which had earlier boosted the metal's safe-haven appeal.
The dollar, in which gold and other commodities are priced, rose versus a basket of currencies as investors awaited the release later in the day of minutes from...
Copper fell 2 percent on Wednesday as U.S. President Donald Trump tempered optimism that a China-U.S. trade stand-off was at an end, knocking appetite for cyclical assets and helping pull the metal fr om the previous day’s near one-month high.
Stock markets slid and the dollar fell against the Japanese yen...
Copper fell 2 percent on Wednesday as U.S. President Donald Trump tempered optimism that a China-U.S. trade stand-off was at an end, knocking appetite for cyclical assets and helping pull the metal fr om the previous day’s near one-month high.
Stock markets slid and the dollar fell against the Japanese yen...
Vertical takeoff and landing (VTOL) unmanned aerial vehicles for military applications will be manufactured in Kazakhstan, Kazinform correspondent reports.
K-310 is a multi-purpose UAV designed by Kazakhstan Gharysh Sapary National Company. It has been presented today at KADEX 2018 International Exhibition of Weapons Systems and Military Equipment.
"In Kazakhstan, this type of...
Vertical takeoff and landing (VTOL) unmanned aerial vehicles for military applications will be manufactured in Kazakhstan, Kazinform correspondent reports.
K-310 is a multi-purpose UAV designed by Kazakhstan Gharysh Sapary National Company. It has been presented today at KADEX 2018 International Exhibition of Weapons Systems and Military Equipment.
"In Kazakhstan, this type of...
Kazakhstan will export its optoelectron devices to Turkmenistan and Uzbekistan.
Kazakhstan Aselsan Engineering LLP, founded in 2011, fulfills defense industry tasks in the sphere of electronic and optoelectron devices. It has presented today new combat modules, optoelectron devices, mobile software and hardware packages at the V International Weapons Systems and Military...
Kazakhstan will export its optoelectron devices to Turkmenistan and Uzbekistan.
Kazakhstan Aselsan Engineering LLP, founded in 2011, fulfills defense industry tasks in the sphere of electronic and optoelectron devices. It has presented today new combat modules, optoelectron devices, mobile software and hardware packages at the V International Weapons Systems and Military...
Keeping in step with the vision of President of the Republic of Kazakhstan, Nursultan Nazarbayev in creating a vibrant defense and aerospace industry, buttressed by the appointment of Beibut Atamkulov Bakirovich to the position of Minister of Defense and Aerospace, Paramount Group, a worldwide leader in defence and security innovation...
Keeping in step with the vision of President of the Republic of Kazakhstan, Nursultan Nazarbayev in creating a vibrant defense and aerospace industry, buttressed by the appointment of Beibut Atamkulov Bakirovich to the position of Minister of Defense and Aerospace, Paramount Group, a worldwide leader in defence and security innovation...
In 2018, in Kazakhstan the planting campaign rates became somewhat lower compared with last year, due to cool weather conditions and late maturity of the soil, declared the First Vice-Minister of Agriculture of the Republic of Kazakhstan, Arman Evniev on May 22.
According to the announcement, in the current year the...
In 2018, in Kazakhstan the planting campaign rates became somewhat lower compared with last year, due to cool weather conditions and late maturity of the soil, declared the First Vice-Minister of Agriculture of the Republic of Kazakhstan, Arman Evniev on May 22.
According to the announcement, in the current year the...
Chicago wheat turned lower on Wednesday, pausing after a weather-fuelled rally a day earlier, as investors weighed up risks to crop yields from dryness in the U.S. Plains and several other key wheat-producing zones worldwide.
Chicago soybean and corn futures also edged down to give up a slight earlier gain, as...
Chicago wheat turned lower on Wednesday, pausing after a weather-fuelled rally a day earlier, as investors weighed up risks to crop yields from dryness in the U.S. Plains and several other key wheat-producing zones worldwide.
Chicago soybean and corn futures also edged down to give up a slight earlier gain, as...
Kazakhstan will examine the Belarusian nuclear power plant construction experience, BelTA learned from the press service of the Ministry of energy of Belarus.
Belarus' Deputy Energy Minister Mikhail Mikhadyuk will meet with a delegation of the Kazakhstan Energy Ministry led by Deputy Energy Minister Bakytzhan Dzhaksaliev.
The purpose of the visit is...
Kazakhstan will examine the Belarusian nuclear power plant construction experience, BelTA learned from the press service of the Ministry of energy of Belarus.
Belarus' Deputy Energy Minister Mikhail Mikhadyuk will meet with a delegation of the Kazakhstan Energy Ministry led by Deputy Energy Minister Bakytzhan Dzhaksaliev.
The purpose of the visit is...
The largest SAP business conference so far will be held on May 30 at Astana Hilton Hotel. It annually brings together hundreds of experts.
Heads of corporate and public sectors companies of Kazakhstan, SAP clients and partners, experts, reps of higher educational establishments, leading software developers, reps of leading international IT...
The largest SAP business conference so far will be held on May 30 at Astana Hilton Hotel. It annually brings together hundreds of experts.
Heads of corporate and public sectors companies of Kazakhstan, SAP clients and partners, experts, reps of higher educational establishments, leading software developers, reps of leading international IT...
The Government for Citizens State Corporation plans to simplify the procedure for registering real estate rights and reduce its terms, Kazpravda.kz correspondent quotes the Corporation’s board chairman Ablayhan Ospanov as saying during the briefing at the Central Communications Service.
"The Government for Citizens corporation is soon taking over the function of...
The Government for Citizens State Corporation plans to simplify the procedure for registering real estate rights and reduce its terms, Kazpravda.kz correspondent quotes the Corporation’s board chairman Ablayhan Ospanov as saying during the briefing at the Central Communications Service.
"The Government for Citizens corporation is soon taking over the function of...
Kazakh Ministry of Education and Science recently expanded its list of leading foreign educational institutions, foreign organisations for training and language schools recommended to the recipients of the Bolashak international scholarship for 2018.
Prospective students can apply to leading North American, European and Asian research institutions and receive funding from the...
Kazakh Ministry of Education and Science recently expanded its list of leading foreign educational institutions, foreign organisations for training and language schools recommended to the recipients of the Bolashak international scholarship for 2018.
Prospective students can apply to leading North American, European and Asian research institutions and receive funding from the...
May 23, the Prime Minister Bakytzhan Sagintayev chaired a regular meeting of the Council on Improvement of Investment Climate.
At the meeting, issues of expanding opportunities for attracting foreign investment to the country's healthcare were discussed. In particular, the members of the Council shared their views on the modernization of the...
May 23, the Prime Minister Bakytzhan Sagintayev chaired a regular meeting of the Council on Improvement of Investment Climate.
At the meeting, issues of expanding opportunities for attracting foreign investment to the country's healthcare were discussed. In particular, the members of the Council shared their views on the modernization of the...
The 71st World Health Assembly (WHA71) started on May 21 at the Palace of Nations in Geneva. Over 2 thousand representatives of WHO member states and international agencies are taking part in the event.
In the course of the Assembly, the issues of holding the WHO Global Conference, timed to the...
The 71st World Health Assembly (WHA71) started on May 21 at the Palace of Nations in Geneva. Over 2 thousand representatives of WHO member states and international agencies are taking part in the event.
In the course of the Assembly, the issues of holding the WHO Global Conference, timed to the...
China's Ministry of Commerce on Wednesday published the names of 11 private refineries with a plan to allow them to directly import crude oil.
The ministry said it has examined the firms' applications and found them in accordance with requirements.
The refineries are located in the provinces of Liaoning, Shaanxi, Shandong, Henan...
China's Ministry of Commerce on Wednesday published the names of 11 private refineries with a plan to allow them to directly import crude oil.
The ministry said it has examined the firms' applications and found them in accordance with requirements.
The refineries are located in the provinces of Liaoning, Shaanxi, Shandong, Henan...
The yuan's exchange rate is expected to follow a two-way fluctuation path this year, facing little disturbance from trade talks between China and the United States unless "actual conflicts occur" in the future, according to a former senior official with China's foreign exchange regulator.
"Trade frictions between the two nations have...
The yuan's exchange rate is expected to follow a two-way fluctuation path this year, facing little disturbance from trade talks between China and the United States unless "actual conflicts occur" in the future, according to a former senior official with China's foreign exchange regulator.
"Trade frictions between the two nations have...
China will increase investment in education in poverty-stricken areas and on weak links in the sector, take measures to boost its dairy industry, and give priority to developing service trade, according to a State Council statement.
The central government will add 13 billion yuan (about 2 billion U.S. dollars) of funding...
China will increase investment in education in poverty-stricken areas and on weak links in the sector, take measures to boost its dairy industry, and give priority to developing service trade, according to a State Council statement.
The central government will add 13 billion yuan (about 2 billion U.S. dollars) of funding...
Russian President Vladimir Putin will meet with the chief executives of foreign companies on the sidelines of the St. Petersburg International Economic Forum (SPIEF), representatives of BP, Siemens, Huawei, Shell, Boeing, Total, Volvo and Toyota will attend the meeting, Kremlin aide Yury Ushakov told reporters.
"Another traditional event in the program...
Russian President Vladimir Putin will meet with the chief executives of foreign companies on the sidelines of the St. Petersburg International Economic Forum (SPIEF), representatives of BP, Siemens, Huawei, Shell, Boeing, Total, Volvo and Toyota will attend the meeting, Kremlin aide Yury Ushakov told reporters.
"Another traditional event in the program...
The Russian government approved the draft amendment to the the bill on federal budget for 2018 and the planned period of 2019-2020. Information about this is published on the website of the Cabinet.
"The draft law provides for an increase in total revenues by 1.815 trillion rubles, including through the increase in...
The Russian government approved the draft amendment to the the bill on federal budget for 2018 and the planned period of 2019-2020. Information about this is published on the website of the Cabinet.
"The draft law provides for an increase in total revenues by 1.815 trillion rubles, including through the increase in...
The Uzbek national company Uzbekneftegaz plans to approve its portfolio of investment projects for the next 10 years in July.
“Foreign investors are planned to be involved in the implementation of the largest of them. In addition, Uzbekneftegaz has already started working on a concept for the long-term development of the...
The Uzbek national company Uzbekneftegaz plans to approve its portfolio of investment projects for the next 10 years in July.
“Foreign investors are planned to be involved in the implementation of the largest of them. In addition, Uzbekneftegaz has already started working on a concept for the long-term development of the...
Uztekstilprom Association (Uzbek Textile Industry Association) hosted a meeting with officials of Rieter Machines & Systems company Jan Siebert and vice-president of Rieter AG Rieto Tom.
The sides considered issues of further strengthening of bilateral cooperation and participation of investment projects in the textile industry, the Uztekstilprom Association said in a...
Uztekstilprom Association (Uzbek Textile Industry Association) hosted a meeting with officials of Rieter Machines & Systems company Jan Siebert and vice-president of Rieter AG Rieto Tom.
The sides considered issues of further strengthening of bilateral cooperation and participation of investment projects in the textile industry, the Uztekstilprom Association said in a...
The European Investment Bank (EIB) will provide Uzbekistan with financial resources for about US$500 million, Vice President of the Bank Vazil Hudak said on 21 May.
According to him, the bank will provide funds for 100 million euros to finance projects in the field of energy conservation and water supply in...
The European Investment Bank (EIB) will provide Uzbekistan with financial resources for about US$500 million, Vice President of the Bank Vazil Hudak said on 21 May.
According to him, the bank will provide funds for 100 million euros to finance projects in the field of energy conservation and water supply in...
About 268,000 tonnes of coal were mined in Tajikistan in the first four months of this year.
The preliminary needs of coal industry enterprises in 2018 are 920,000 tons, budget organizations 57,200 tonnes, Dushanbe-2 TPP and boiler-houses 1.2 million tonnes, according to the Tajik Ministry of Industry and New Technologies.
This volume...
About 268,000 tonnes of coal were mined in Tajikistan in the first four months of this year.
The preliminary needs of coal industry enterprises in 2018 are 920,000 tons, budget organizations 57,200 tonnes, Dushanbe-2 TPP and boiler-houses 1.2 million tonnes, according to the Tajik Ministry of Industry and New Technologies.
This volume...
Tajikistan's external debt fell by almost $20 million in the first quarter of this year to $2,859.7 million as of April 1, 2018, Tajik media reported citing the Statistical Agency.
In early 2018, Tajikistan owed about $2,879 million to external creditors.
About $100 million in the structure of external debt accounts for...
Tajikistan's external debt fell by almost $20 million in the first quarter of this year to $2,859.7 million as of April 1, 2018, Tajik media reported citing the Statistical Agency.
In early 2018, Tajikistan owed about $2,879 million to external creditors.
About $100 million in the structure of external debt accounts for...
An Azerbaijani-Chinese free economic industrial town is planned to be established in Alat, Azerbaijani Economy Minister Shahin Mustafayev said May 22 at a meeting with Chairman of the Board of the China Export & Credit Insurance Corporation (SINOSURE) Wang Yi.
The Minister of Economy, noting the level of development of relations...
An Azerbaijani-Chinese free economic industrial town is planned to be established in Alat, Azerbaijani Economy Minister Shahin Mustafayev said May 22 at a meeting with Chairman of the Board of the China Export & Credit Insurance Corporation (SINOSURE) Wang Yi.
The Minister of Economy, noting the level of development of relations...
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | 2 DAY |
|---|---|---|---|---|---|---|---|
| CL1:COMWTI Crude Oil (Nymex) | USD/bbl. | 71.58 | -0.26 | -0.36% | Jul 2018 | 1:02 AM | |
| CO1:COMBrent Crude (ICE) | USD/bbl. | 79.44 | -0.36 | -0.45% | Jul 2018 | 1:01 AM | |
| XB1:COMRBOB Gasoline (Nymex) | USd/gal. | 224.84 | -1.17 | -0.52% | Jun 2018 | 1:00 AM | |
| NG1:COMNatural Gas (Nymex) | USD/MMBtu | 2.92 | +0.00 | +0.14% | Jun 2018 | 1:02 AM | |
| HO1:COMHeating Oil (Nymex) | USd/gal. | 228.11 | -0.85 | -0.37% | Jun 2018 | 12:46 AM |
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | 2 DAY |
|---|---|---|---|---|---|---|---|
| GC1:COMGold (Comex) | USD/t oz. | 1,300.10 | +5.30 | +0.41% | Aug 2018 | 1:03 AM | |
| XAUUSD:CURGold Spot | USD/t oz. | 1,295.34 | +1.93 | +0.15% | N/A | 1:13 AM | |
| SI1:COMSilver (Comex) | USD/t oz. | 16.47 | +0.06 | +0.37% | Jul 2018 | 1:02 AM | |
| HG1:COMCopper (Comex) | USd/lb. | 307.15 | +0.10 | +0.03% | Jul 2018 | 1:03 AM | |
| XPTUSD:CURPlatinum Spot | USD/t oz. | 907.22 | +3.69 | +0.41% | N/A | 1:13 AM |
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | 2 DAY |
|---|---|---|---|---|---|---|---|
| C 1:COMCorn (CBOT) | USd/bu. | 408.75 | +0.25 | +0.06% | Jul 2018 | 12:59 AM | |
| W 1:COMWheat (CBOT) | USd/bu. | 530.75 | -0.25 | -0.05% | Jul 2018 | 1:00 AM | |
| CC1:COMCocoa (ICE) | USD/MT | 2,618.00 | +29.00 | +1.12% | Jul 2018 | 5/23/2018 | |
| CT1:COMCotton #2 (ICE) | USd/lb. | 86.83 | -0.13 | -0.15% | Dec 2018 | 1:03 AM | |
| LC1:COMLive Cattle (CME) | USd/lb. | 102.80 | +2.15 | +2.14% | Aug 2018 | 5/23/2018 |
Date: May 24, 2018; Source: Bloomberg.com
Energy
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | 2 DAY |
|---|---|---|---|---|---|---|---|
| CL1:COMWTI Crude Oil (Nymex) | USD/bbl. | 71.58 | -0.26 | -0.36% | Jul 2018 | 1:02 AM | |
| CO1:COMBrent Crude (ICE) | USD/bbl. | 79.44 | -0.36 | -0.45% | Jul 2018 | 1:01 AM | |
| XB1:COMRBOB Gasoline (Nymex) | USd/gal. | 224.84 | -1.17 | -0.52% | Jun 2018 | 1:00 AM | |
| NG1:COMNatural Gas (Nymex) | USD/MMBtu | 2.92 | +0.00 | +0.14% | Jun 2018 | 1:02 AM | |
| HO1:COMHeating Oil (Nymex) | USd/gal. | 228.11 | -0.85 | -0.37% | Jun 2018 | 12:46 AM |
Precious and Industrial Metals
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | 2 DAY |
|---|---|---|---|---|---|---|---|
| GC1:COMGold (Comex) | USD/t oz. | 1,300.10 | +5.30 | +0.41% | Aug 2018 | 1:03 AM | |
| XAUUSD:CURGold Spot | USD/t oz. | 1,295.34 | +1.93 | +0.15% | N/A | 1:13 AM | |
| SI1:COMSilver (Comex) | USD/t oz. | 16.47 | +0.06 | +0.37% | Jul 2018 | 1:02 AM | |
| HG1:COMCopper (Comex) | USd/lb. | 307.15 | +0.10 | +0.03% | Jul 2018 | 1:03 AM | |
| XPTUSD:CURPlatinum Spot | USD/t oz. | 907.22 | +3.69 | +0.41% | N/A | 1:13 AM |
Agriculture
| INDEX | UNITS | PRICE | CHANGE | %CHANGE | CONTRACT | TIME (EDT) | 2 DAY |
|---|---|---|---|---|---|---|---|
| C 1:COMCorn (CBOT) | USd/bu. | 408.75 | +0.25 | +0.06% | Jul 2018 | 12:59 AM | |
| W 1:COMWheat (CBOT) | USd/bu. | 530.75 | -0.25 | -0.05% | Jul 2018 | 1:00 AM | |
| CC1:COMCocoa (ICE) | USD/MT | 2,618.00 | +29.00 | +1.12% | Jul 2018 | 5/23/2018 | |
| CT1:COMCotton #2 (ICE) | USd/lb. | 86.83 | -0.13 | -0.15% | Dec 2018 | 1:03 AM | |
| LC1:COMLive Cattle (CME) | USd/lb. | 102.80 | +2.15 | +2.14% | Aug 2018 | 5/23/2018 |
| 1 US DOLLAR | USD / KZT | 326 |
| 1 EURO | EUR / KZT | 382.2 |
| 1 RUSSIAN ROUBLE | RUB / KZT | 5.29 |
| 1 CHINESE YUAN | CNY / KZT | 51.05 |
| 1 KYRGYZIAN SOM | KGS / KZT | 4.78 |
| 1 GREAT BRITAIN POUND | GBP / KZT | 435.08 |
| 1 CANADIAN DOLLAR | CAD / KZT | 253.22 |
| 1 AUSTRALIAN DOLLAR | AUD / KZT | 245.8 |
Date: May 24, 2018; Source: the National Bank of Kazakhstan
|
1 US DOLLAR |
USD / KZT |
326 |
|
1 EURO |
EUR / KZT |
382.2 |
|
1 RUSSIAN ROUBLE |
RUB / KZT |
5.29 |
|
1 CHINESE YUAN |
CNY / KZT |
51.05 |
|
1 KYRGYZIAN SOM |
KGS / KZT |
4.78 |
|
1 GREAT BRITAIN POUND |
GBP / KZT |
435.08 |
|
1 CANADIAN DOLLAR |
CAD / KZT |
253.22 |
|
1 AUSTRALIAN DOLLAR |
AUD / KZT |
245.8 |
