Issue 2908 - 22.01.2018
22.01.2018

Four sectors of the economy contributed to almost half of Kazakhstan’s GDP growth

The short-term economic indicator with a slight acceleration was at 5.2% yoy (>60% of GDP), so the contribution of the six main sectors of economy to GDP was more than 3pp out of 4% in 2017 according to preliminary data.

The industrial sector, as we expected, continued to slow down to 7.1% yoy by the end of the year. However, the growth surpassed our expectations due to the strong performance in oil and gas production in December. Compared to 2016, the index of the oil sector increased by 10.5% over 12 months (according to our expectations - up to 10%).

At the end of the year, growth in the mining sector amounted to 9.3% (share 52%, thus the contribution to the industry was about 4.8pp). The extraction of non-ferrous and ferrous metals (+8.2% and 6.9%, respectively) also largely contributed to the impressive growth in mining.

A growth in the manufacturing sector was at 5.1%, the index reached a peak in 2017 since 2011. The largest contribution was made by metallurgy (due to ferrous, +6.5%, and non-ferrous, +6.3% per year), motor vehicle production increased significantly (+39% yoy), refinery production increased due to expansion of capacities after modernization (+5% yoy).

By results of the year, the three main commodity industries - crude oil production, extraction of metals, and metallurgy contributed, according to our calculations, to almost 40% of GDP growth (1.5pp from 4%).

The transport sector grew significantly by 4.8% (~10% contribution to GDP, 0.4pp) due to an increased industrial production: the highest turnover was observed in the pipeline (7%) and railway (9.3%) transportation. As a result, the commodity industry recovery in 2017 provided almost half of the country's GDP growth (about 2pp).

Construction in 2017 grew by 1.9% (in 2016, the growth was at a record 7.9% mainly due to the construction of facilities for the international exhibition in Astana). The sharp slowdown in construction volumes coincided with the completion of preparations for this event, then the index in the second half of the year was at a level of around 1% and was supported by the works in Western Kazakhstan, which is apparently related to the construction of infrastructure in the area of ​​oil fields.

Trade for 12 months of 2017 grew by 3.2% compared to the previous year, in the same period in 2016 physical volumes of trade decreased by 2%. A significant increase in the index occurred entirely due to the recovery in the retail segment (6.3% per year), while in wholesale the growth was at 1.5%. In the structure of retail trade, the main source was observed in food products, +8.7% yoy, non-food products increased by 4.9% yoy. However, the qualitative growth of trade is possible along with an increase in real incomes of the population, so the development of the industry will stimulate further growth of incomes. The average nominal salary increased by 4%, by our estimations, which in real terms means a decrease of 3.1%. In the current situation of the persistence of negative dynamics in wages and incomes, we can assume that the growth in sales of non-food products in the structure of retail trade (+T680 million nominally for the year) was partially financed by growth in consumer lending (+T430 million in 11 months). While growth in non-food sector is questionable.

At the end of the year, agriculture grew by 2.9% yoy, which is 5.5% lower than last year. This growth was mainly due to the increase in livestock production, while in 2016 a driver for growth was a crop production. The increase in production in the agricultural sector supported a noticeable increase in investment at 30%, but its share in total investments of the country is small, only at 4%.

The index of physical volume of communication services in 2017 was at 3.3%, while a significant share in the total volume of services is taken by Internet and mobile communication services (64%). For 12 months of 2017 the volume of mobile services remained at the level of last year (index 100%), growth in Internet services - 11.8% (contribution 3.9pp), but a significant decrease of telephone services (negative contribution at 0.6pp) formed a total index at 3.3%.

Investments in fixed assets increased by 5.5% yoy (5.1% yoy in 2016), of which more than 55% were directed to industry (including about 40% to the commodity sector), 14% - to the transport sector, 13% - in the operation with real estate. The growth rate of investments in fixed assets is higher than in the last 3 years. The main source of financing was the enterprises’ own funds (69% of the total). Despite the almost double-digit growth in capital investments in construction, trade and communications, their share in the total volume remains small (together 1.6%). The acceleration of investment growth was mainly due to the production of oil and gas (+ 19.4% yoy), real estate operations (+ 18.5% yoy).

According to preliminary data, the GDP growth of the country was 4%, while the Ministry noted that one of the factors that supported the indicator was price - namely, the reduction of inflation to 7.1% by the end of the year. In the structure of the economy, we do not notice significant changes, 3 industries (oil and gas, metals and metallurgy), as well as the related transport sector, are accounted for almost half of the growth.

Thus, the raw material dependence is preserved. The remaining 2pp provided the remaining sectors of economy - trade, agriculture and construction. Trade, while real incomes of the population are still negative, in our view, looks unsustainable, and we expect a decline in its growth during 2018. Construction and agriculture showed a moderate growth with a slowdown compared to 2016, while the main sources of financing were state programs for the development of the agriculture, as well as the increased construction works for the Expo. A positive trend, we believe, is a continued growth of investment, mainly due to the company's own funds. Over the past 5 years, the average growth of the economy was about 4.5%, which is roughly comparable to the average growth rate of capital investments for the same period - 4.3%. This trend should support the growth of the economy stably. However, for the GDP acceleration, the increase in investments in fixed assets should outgrow the country's gross output.

Further rise of oil production in Kashagan as the project is expanding will allow to maintain a moderate growth in the mining industry, we also see the prospects for the improvement in manufacturing (oil refining and metallurgy), agriculture, electricity supply as lending activity recovers and domestic demand grows.

By Elmira Arnabekova for Halyk Finance (Kazakhstan).

Kazakhstan General

22.01.2018

President Nursultan Nazarbayev addressed UNSC meeting

In New York, a meeting of the UN Security Council "Nonproliferation of weapons of mass destruction (WMD): Confidence Building Measures" was held, chaired by President of Kazakhstan Nursultan Nazarbayev, Kazpravda.kz reports.

As the RK President’s press service informed, opening the meeting, the Head of State greeted the UN Secretary General Antonio...

In New York, a meeting of the UN Security Council "Nonproliferation of weapons of mass destruction (WMD): Confidence Building Measures" was held, chaired by President of Kazakhstan Nursultan Nazarbayev, Kazpravda.kz reports.

As the RK President’s press service informed, opening the meeting, the Head of State greeted the UN Secretary General Antonio...

22.01.2018

Kazakhstan suggests three-pillar approach to achieve stability and prosperity in Afghanistan and CA

According to the Minister of Foreign Affairs of Kazakhstan, Kairat Abdrakhmanov, long-term stability and prosperity in Central Asia should be based on three pillars: recognition and strengthening of the security development nexus, a regional approach, and a coordinated and transparent approach led by United Nations agencies.

Recognition and strengthening of the...

According to the Minister of Foreign Affairs of Kazakhstan, Kairat Abdrakhmanov, long-term stability and prosperity in Central Asia should be based on three pillars: recognition and strengthening of the security development nexus, a regional approach, and a coordinated and transparent approach led by United Nations agencies.

Recognition and strengthening of the...

22.01.2018

Kazakhstan ready to host East Ukraine reconciliation talks if sides agree - diplomat

Kazakhstan is ready to organize talks on East Ukraine reconciliation in its capital Astana if the parties to the conflict agree, Kazakhstan’s UN envoy Kairat Umarov said on Friday, commenting on the possibility of relocating the talks, currently held in the Belarusian capital, Minsk.

Answering to a question from TASS, the...

Kazakhstan is ready to organize talks on East Ukraine reconciliation in its capital Astana if the parties to the conflict agree, Kazakhstan’s UN envoy Kairat Umarov said on Friday, commenting on the possibility of relocating the talks, currently held in the Belarusian capital, Minsk.

Answering to a question from TASS, the...

22.01.2018

Possible cause of bus fire in Aktobe region named

A possible cause of a fire in the bus in Aktobe region, which killed 52 citizens of Uzbekistan, was a blowtorch, Kazpravda.kz reports. 

"Deputy Interior Minister of the Republic of Kazakhstan Yerlan Turgumbayev informed that during the inspection of the scene, a blowtorch was found, which drivers supposedly used to heat...

A possible cause of a fire in the bus in Aktobe region, which killed 52 citizens of Uzbekistan, was a blowtorch, Kazpravda.kz reports. 

"Deputy Interior Minister of the Republic of Kazakhstan Yerlan Turgumbayev informed that during the inspection of the scene, a blowtorch was found, which drivers supposedly used to heat...

Oil and Gas Sector

22.01.2018

Giant Kashagan oilfield resumes output after power disruption

Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week.

Supply from the field is expected to regain planned levels in the next two days, Kazakhstan’s Energy Ministry said by email. Output was cut on Jan. 15 by a power failure at the project’s onshore facilities, followed by a...

Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week.

Supply from the field is expected to regain planned levels in the next two days, Kazakhstan’s Energy Ministry said by email. Output was cut on Jan. 15 by a power failure at the project’s onshore facilities, followed by a...

22.01.2018

Victoria Oil & Gas stock rating reaffirmed by GMP Securities

GMP Securities reiterated their buy rating on shares of Victoria Oil & Gas (LON:VOG) in a report issued on Tuesday, January 2nd.

Victoria Oil & Gas (LON:VOG) traded up GBX 0.83 ($0.01) during trading hours on Tuesday, reaching GBX 37.73 ($0.51). 231,337 shares of the company traded hands,...

GMP Securities reiterated their buy rating on shares of Victoria Oil & Gas (LON:VOG) in a report issued on Tuesday, January 2nd.

Victoria Oil & Gas (LON:VOG) traded up GBX 0.83 ($0.01) during trading hours on Tuesday, reaching GBX 37.73 ($0.51). 231,337 shares of the company traded hands, compared to its...

22.01.2018

Gazprom receives permit to build second line of Turkish Stream gas pipeline

Gazprom, which markets the bulk of Russia’s and Kazakhstan’s natural gas exports, received an authorization from Turkish authorities to build the second line of the offshore segment of the Turkish Stream gas pipeline to Turkish coast, the Russian gas holding said on Friday.

"Implementation of the Turkish Stream project is in...

Gazprom, which markets the bulk of Russia’s and Kazakhstan’s natural gas exports, received an authorization from Turkish authorities to build the second line of the offshore segment of the Turkish Stream gas pipeline to Turkish coast, the Russian gas holding said on Friday.

"Implementation of the Turkish Stream project is in...

22.01.2018

China’s CEFC waiting to seal Rosneft stake purchase

The deal on selling 14.16% shares of Russian oil and gas major Rosneft to CEFC China Energy may be sealed next week, two sources close to the negotiations told Vedomosti. Both companies have stakes in Kazakh upstream ventures. Another source familiar with one of shareholders said the deal may be...

The deal on selling 14.16% shares of Russian oil and gas major Rosneft to CEFC China Energy may be sealed next week, two sources close to the negotiations told Vedomosti. Both companies have stakes in Kazakh upstream ventures. Another source familiar with one of shareholders said the deal may be...

22.01.2018

Oil prices fall 1 pct as growing U.S. crude output weighs

Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.

Brent crude futures LCOc1 were trading 69 cents lower at $68.53 a barrel at 11:22 a.m. EST (1622 GMT). On Monday,...

Oil prices slid 1 percent on Friday and were on track for the biggest weekly falls since October as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.

Brent crude futures LCOc1 were trading 69 cents lower at $68.53 a barrel at 11:22 a.m. EST (1622 GMT). On Monday,...

Energy Industry

22.01.2018

Mangistau region launches eco-green city project, advances energy solutions

A unique eco-green city worth $2.1 billion will be constructed in Aktau, according to the Mangistau region’s press service.

The Mangistau region akimat (local executive body) signed an agreement on the construction and financing of the project with Global Project Capital Ltd, AAG Corporate Services Ltd and China Road and Bridge...

A unique eco-green city worth $2.1 billion will be constructed in Aktau, according to the Mangistau region’s press service.

The Mangistau region akimat (local executive body) signed an agreement on the construction and financing of the project with Global Project Capital Ltd, AAG Corporate Services Ltd and China Road and Bridge...

Finance and Investment

22.01.2018

Kazakh stock exchange chief upbeat on economic growth

"Kazakhstan's economy is recovering, and even without taking into account state programs there are serious grounds that allow to say that the market will be more active," KASE's deputy chairman of board Andrey Tsalyuk said on January 19.

He said that business activity is expected to increase, including through attraction of...

"Kazakhstan's economy is recovering, and even without taking into account state programs there are serious grounds that allow to say that the market will be more active," KASE's deputy chairman of board Andrey Tsalyuk said on January 19.

He said that business activity is expected to increase, including through attraction of...

22.01.2018

Banks move towards remote control for transfers

In November, the volume of non-cash payments amounted to 300.8 billion tenge or 4.6% more than a month earlier, and 2.4 times more than a year ago. The number of transactions increased by 6.5% on-month, and 2.4 times on-year to 23.4 million.

Non-cash payments have already reached 23.4% of the entire...

In November, the volume of non-cash payments amounted to 300.8 billion tenge or 4.6% more than a month earlier, and 2.4 times more than a year ago. The number of transactions increased by 6.5% on-month, and 2.4 times on-year to 23.4 million.

Non-cash payments have already reached 23.4% of the entire...

22.01.2018

The new Tax Code will attract 4 trillion tenge in investments

The implementation of the new Tax Code will not result in losses for the budget and will contribute to the inflow of additional investments in the amount of 4 trillion tenge, vice Minister of National Economy Ruslan Dalenov said at a press conference in the Central Communications Service.

"Calculations regarding eventual...

The implementation of the new Tax Code will not result in losses for the budget and will contribute to the inflow of additional investments in the amount of 4 trillion tenge, vice Minister of National Economy Ruslan Dalenov said at a press conference in the Central Communications Service.

"Calculations regarding eventual...

22.01.2018

Kazakh National Bank lays out strict rules for collections agencies’ behaviour

The National Bank of Kazakhstan has announced what will be considered legal methods of interaction between collection agencies and debtors.

On Jan. 9, representatives of the National Bank met with employees of collection agencies and public associations, the press service of the regulator reported. Representatives of the National Bank announced legally...

The National Bank of Kazakhstan has announced what will be considered legal methods of interaction between collection agencies and debtors.

On Jan. 9, representatives of the National Bank met with employees of collection agencies and public associations, the press service of the regulator reported. Representatives of the National Bank announced legally...

Metals and Minerals

22.01.2018

Kaz Minerals upgraded to buy by Zacks Investment Research

Kaz Minerals (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, January 9th. The firm currently has a $6.75 price objective on the stock. Zacks Investment Research‘s target price would suggest...

Kaz Minerals (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, January 9th. The firm currently has a $6.75 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 1.53% from...

22.01.2018

Supply fears drive zinc and lead to multi-year highs

Falling stockpiles and pollution alerts in top metals producer China fuelled supply concerns and helped to drive zinc and lead prices to multi-year highs and aluminium to a two-week peak on Friday.

Demand for metals looked strong after data showed economic growth in China, the world’s biggest consumer, accelerated for the...

Falling stockpiles and pollution alerts in top metals producer China fuelled supply concerns and helped to drive zinc and lead prices to multi-year highs and aluminium to a two-week peak on Friday.

Demand for metals looked strong after data showed economic growth in China, the world’s biggest consumer, accelerated for the...

22.01.2018

Gold up as dollar hurt by U.S. government shutdown fears

Gold prices rose half a percent on Friday as the dollar laboured near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six.

The U.S. dollar fell versus a basket of currencies after legislation to...

Gold prices rose half a percent on Friday as the dollar laboured near a three-year low on heightened fears of a U.S. government shutdown, but the precious metal was still on track for its first weekly drop in six.

The U.S. dollar fell versus a basket of currencies after legislation to...

22.01.2018

Uranium prices: hopes pinned on long-term market development

Nuclear utilities purchase uranium primarily through long-term contracts. These contracts usually provide for deliveries to begin two to four years after they are signed and provide for delivery from four to ten years thereafter. In awarding medium and long-term contracts, electric utilities consider the producer's uranium reserves, record of performance...

Nuclear utilities purchase uranium primarily through long-term contracts. These contracts usually provide for deliveries to begin two to four years after they are signed and provide for delivery from four to ten years thereafter. In awarding medium and long-term contracts, electric utilities consider the producer's uranium reserves, record of performance...

Trade and Consumer Goods

22.01.2018

Technodom, Metro Cash&Carry to cooperate in Kazakhstan

Kazakhstan’s company Technodom, running the retail chain of electronics and household appliances, has signed a cooperation memorandum with Metro Cash&Carry. Shop-in-shops selling electronics and household appliances will be opened in Metro Cash&Carry commercial centres under the deal. The units will become available in the cities of Astana, Almaty, Karaganda, Shymkent,...

Kazakhstan’s company Technodom, running the retail chain of electronics and household appliances, has signed a cooperation memorandum with Metro Cash&Carry. Shop-in-shops selling electronics and household appliances will be opened in Metro Cash&Carry commercial centres under the deal. The units will become available in the cities of Astana, Almaty, Karaganda, Shymkent,...

Agriculture

22.01.2018

Kazakh grain production or MY 2017/’18 set at 17.9 million tonnes - experts

According to the updated January report of the International Grains Council (IGC), published last week, the grain harvest in Kazakhstan in 2017-18 MY (marketing year, running from 1/7 to 30/6) is still expected at 17.9 million tonnes. A month earlier, the forecast was similar. This is inferior by 1.5 million...

According to the updated January report of the International Grains Council (IGC), published last week, the grain harvest in Kazakhstan in 2017-18 MY (marketing year, running from 1/7 to 30/6) is still expected at 17.9 million tonnes. A month earlier, the forecast was similar. This is inferior by 1.5 million...

22.01.2018

In December 2017, Kazakhstan produced record volumes of vegetable oils

According to the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan, in December 2017 the production of vegetable oils in the country totaled 47 thsd tonnes, which became a new monthly historical peak.

In particular, Kazakhstan significantly increased the production of refined sunflower oil – 21...

According to the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan, in December 2017 the production of vegetable oils in the country totaled 47 thsd tonnes, which became a new monthly historical peak.

In particular, Kazakhstan significantly increased the production of refined sunflower oil – 21...

22.01.2018

In December 2017, Kazakhstan increased the production of mixed fodder by 25%

In December 2017, the production volumes of finished feed for farm animals in Kazakhstan break a record for the reporting month, and reached 93.8 thsd tonnes, an increase of 25% compared with the same month in the previous year.

Also, in November 2017 Kazakhstan produced 105 thsd tonnes of mixed fodder,...

In December 2017, the production volumes of finished feed for farm animals in Kazakhstan break a record for the reporting month, and reached 93.8 thsd tonnes, an increase of 25% compared with the same month in the previous year.

Also, in November 2017 Kazakhstan produced 105 thsd tonnes of mixed fodder,...

22.01.2018

Iran invests in meat processing plant construction in Semipalatinsk

The Iranian company Agro Portal, with the help of Kazakh Invest, has invested in the construction of the halal meat processing plant in the Ondiris Industrial Zone in Semipalatinsk (Semei in Kazakh).

Foreign investment in the project stands at about $21.5 million. The construction of the plant will start this year,...

The Iranian company Agro Portal, with the help of Kazakh Invest, has invested in the construction of the halal meat processing plant in the Ondiris Industrial Zone in Semipalatinsk (Semei in Kazakh).

Foreign investment in the project stands at about $21.5 million. The construction of the plant will start this year,...

22.01.2018

Russia’s wheat price once more on the rise last week

Noticeable price growth was observed last week in the export market of Russian wheat, which also serves as a trend indicator for Kaakhstan’s export price settings, and it concerned wheat of all classes, reports UkrAgroConsult.

Milling wheat price closed the week on average up $1/MT at $192‑194/MT FOB for 12.5%-protein...

Noticeable price growth was observed last week in the export market of Russian wheat, which also serves as a trend indicator for Kaakhstan’s export price settings, and it concerned wheat of all classes, reports UkrAgroConsult.

Milling wheat price closed the week on average up $1/MT at $192‑194/MT FOB for 12.5%-protein wheat and $182‑185/MT FOB...

22.01.2018

Global agro markets: CBOT soya extends winning streak on Argentine weather concerns

U.S. soybean futures rose for the fifth straight day on Friday, hitting their highest in 5-1/2 weeks as concerns about parched soil in Argentina underpinned prices, traders said.

 “Dryness in Argentina has provided enough fuel for soybean prices to find footing with multiday gains this week,” Ben Potter of Farm Futures...

U.S. soybean futures rose for the fifth straight day on Friday, hitting their highest in 5-1/2 weeks as concerns about parched soil in Argentina underpinned prices, traders said.

 “Dryness in Argentina has provided enough fuel for soybean prices to find footing with multiday gains this week,” Ben Potter of Farm Futures...

Communications and Transportation

22.01.2018

State bodies’ 157 info systems integrated in Kazakhstan

At present, 157 information systems of state bodies in Kazakhstan are integrated, Kazpravda.kz reports.

"Integration of information systems of state bodies will allow switching from rendering individual services to complex ones based on the principle of one application. Today, 157 info systems of state bodies have been integrated", - the press...

At present, 157 information systems of state bodies in Kazakhstan are integrated, Kazpravda.kz reports.

"Integration of information systems of state bodies will allow switching from rendering individual services to complex ones based on the principle of one application. Today, 157 info systems of state bodies have been integrated", - the press...

22.01.2018

Almaty businessmen suffer losses due to new traffic signs

Businessmen have appealed to the Chamber of Entrepreneurs of Almaty with a complaint that because of the modernisation of the structural appearance of the city they suffer losses, the Chamber informed Kapital.

Director of the trading house Voskhod Yuri Kovtun said that the store, which was popular among Almaty residents since...

Businessmen have appealed to the Chamber of Entrepreneurs of Almaty with a complaint that because of the modernisation of the structural appearance of the city they suffer losses, the Chamber informed Kapital.

Director of the trading house Voskhod Yuri Kovtun said that the store, which was popular among Almaty residents since...

Regional News

22.01.2018

China begins campaign to eliminate online pyramid schemes

Chinese police will work with the State Administration for Industry and Commerce in a campaign to eliminate online pyramid schemes, according to the Ministry of Public Security (MPS).

The campaign will focus on four types of pyramid schemes, including those that are disguised as rebates, online games, charity or poverty relief...

Chinese police will work with the State Administration for Industry and Commerce in a campaign to eliminate online pyramid schemes, according to the Ministry of Public Security (MPS).

The campaign will focus on four types of pyramid schemes, including those that are disguised as rebates, online games, charity or poverty relief...

22.01.2018

China's consumption upgrades accelerate

China's consumption upgrades picked up pace last year with increasing demand for high-quality goods and services, the Ministry of Commerce (MOC) said Friday.

The Engel's coefficient, which measures food expenditure as a proportion of total household spending, dropped to 29.3 percent in 2017, from 30.1 percent in 2016 and 33 percent...

China's consumption upgrades picked up pace last year with increasing demand for high-quality goods and services, the Ministry of Commerce (MOC) said Friday.

The Engel's coefficient, which measures food expenditure as a proportion of total household spending, dropped to 29.3 percent in 2017, from 30.1 percent in 2016 and 33 percent...

22.01.2018

China’s growth may moderate but will remain stable, analysts say

The Chinese economy is expected to remain resilient this year, and policymakers need to focus on reform and prevention of financial risks to improve the quality of growth, economists said.

China's year-on-year GDP growth reached 6.9 percent last year, which beat general market expectations, according to data released by the National...

The Chinese economy is expected to remain resilient this year, and policymakers need to focus on reform and prevention of financial risks to improve the quality of growth, economists said.

China's year-on-year GDP growth reached 6.9 percent last year, which beat general market expectations, according to data released by the National...

22.01.2018

EU nations, Russia sign border cooperation deals

Russia and the European Union have signed agreements to finance and implement Russia-Lithuania and Russia-Poland border cooperation projects, the Russian economic development ministry said in a statement on Friday.

"The number of border cooperation projects between Russia and the European Union has increased to seven (in 2016, Russia signed border cooperation...

Russia and the European Union have signed agreements to finance and implement Russia-Lithuania and Russia-Poland border cooperation projects, the Russian economic development ministry said in a statement on Friday.

"The number of border cooperation projects between Russia and the European Union has increased to seven (in 2016, Russia signed border cooperation...

22.01.2018

Russian stocks surge to all-time high on strong rouble momentum

The Russian key rouble stock index – MICEX – surged to a historic high on Friday, surpassing the 2,300 mark. The rouble was also near multi-year highs against the US dollar.

The MICEX touched a record 2,306 mark before sliding to 2,288. The dollar-traded RTS Index was trading flat at 1,274...

The Russian key rouble stock index – MICEX – surged to a historic high on Friday, surpassing the 2,300 mark. The rouble was also near multi-year highs against the US dollar.

The MICEX touched a record 2,306 mark before sliding to 2,288. The dollar-traded RTS Index was trading flat at 1,274...

22.01.2018

Russia expects to complete 780 import substitution projects in two years

A total of 780 projects, included into the import substitution plan, are expected to be implemented in Russia within two years, Russian Industry and Trade Minister Denis Manturov reported to the Russian president on Friday.

"To date, we have already brought 350 projects [to completion] by launching production of competitive products...

A total of 780 projects, included into the import substitution plan, are expected to be implemented in Russia within two years, Russian Industry and Trade Minister Denis Manturov reported to the Russian president on Friday.

"To date, we have already brought 350 projects [to completion] by launching production of competitive products...

22.01.2018

Russia’s car industry, machine-building show fastest growth in 2017

Car industry, agricultural machinery production and transport machine-building have become the fastest-growing among all sectors of the Russian industry, Russian Industry and Trade Minister Denis Manturov reported to the Russian president on Friday.

"The fastest growth was recorded in three sectors - car industry, agricultural machinery production and transport machine-building. Those...

Car industry, agricultural machinery production and transport machine-building have become the fastest-growing among all sectors of the Russian industry, Russian Industry and Trade Minister Denis Manturov reported to the Russian president on Friday.

"The fastest growth was recorded in three sectors - car industry, agricultural machinery production and transport machine-building. Those...

22.01.2018

State corporation Rostec ready to invest up to 40bn rouble in MC-21 airliner project

The supervisory board of Russia’s state corporation Rostec has given its preliminary approval to investing about 30-40 billion rouble within the next three years into the MC-21 airliner project, Russian Industry and Trade Minister Denis Manturov told RBC TV on Friday.

He said the issue of investment was discussed in the...

The supervisory board of Russia’s state corporation Rostec has given its preliminary approval to investing about 30-40 billion rouble within the next three years into the MC-21 airliner project, Russian Industry and Trade Minister Denis Manturov told RBC TV on Friday.

He said the issue of investment was discussed in the...

22.01.2018

Shavkat Mirziyoyev gave instructions on wide introduction of intensive irrigation technologies

President Shavkat Mirziyoyev got acquainted with activities of Jarkurgon meva-sabzavot export LLC belonging the ASG Group of companies, in the Surkhandarya region. 

At present, the ASG Group includes 18 enterprises. Six of them, operating in Surkhandarya region, are engaged in cultivation, deep processing and export of agricultural products. In 2016-2017, products...

President Shavkat Mirziyoyev got acquainted with activities of Jarkurgon meva-sabzavot export LLC belonging the ASG Group of companies, in the Surkhandarya region. 

At present, the ASG Group includes 18 enterprises. Six of them, operating in Surkhandarya region, are engaged in cultivation, deep processing and export of agricultural products. In 2016-2017, products...

22.01.2018

Transit fees for Tajikistan’s rail cargo carried though Uzbek territory reduced by 30-50 percent

Tajik Railways (Tajikistan’s national railway company) has confirmed that Uzbekistan reduced rail transit cargo fees for Tajikistan.  

“The rail transit cargo fees have been reduced for three routes,” Usmon Qalandarov, the deputy head of Tajik Railways told Asia-Plus in an interview.

According to him, Uzbekistan has reduced transit fees for cargo carried...

Tajik Railways (Tajikistan’s national railway company) has confirmed that Uzbekistan reduced rail transit cargo fees for Tajikistan.  

“The rail transit cargo fees have been reduced for three routes,” Usmon Qalandarov, the deputy head of Tajik Railways told Asia-Plus in an interview.

According to him, Uzbekistan has reduced transit fees for cargo carried...

22.01.2018

Tajikistan last year reduced primary aluminum exports by nearly 22 percent

Tajikistan last year exported some 103,000 tons of primary aluminum, which is 29,000 tons less than in 2016, according to the Customs Service under the Government of Tajikistan. 

In 2017, the international price for one ton of primary aluminum was 1,970 U.S. dollars.

The Ministry of Industry and New Technologies (MoINT) had...

Tajikistan last year exported some 103,000 tons of primary aluminum, which is 29,000 tons less than in 2016, according to the Customs Service under the Government of Tajikistan. 

In 2017, the international price for one ton of primary aluminum was 1,970 U.S. dollars.

The Ministry of Industry and New Technologies (MoINT) had...

22.01.2018

Tajik official gets jail term of 11 years for taking a half-million dollar bribe

Tajik official, who was arrested in late September last year for taking a half-million dollar bribe, has got a lengthy jail term.

A court in Dushanbe’s Ismoili Somoni district has sentenced Askar Nouralizoda, the deputy head of the Main Directorate for Investment and Development of Regions at the Ministry of Economic...

Tajik official, who was arrested in late September last year for taking a half-million dollar bribe, has got a lengthy jail term.

A court in Dushanbe’s Ismoili Somoni district has sentenced Askar Nouralizoda, the deputy head of the Main Directorate for Investment and Development of Regions at the Ministry of Economic...

22.01.2018

Northern Afghanistan turning into springboard for international terrorism — Lavrov

Surviving jihadists are fleeing from Syria to Central Asia, including Northern Afghanistan, Russian Foreign Minister Sergey Lavrov said on Friday at a meeting of the UN Security Council devoted to security in Afghanistan and Central Asia.

"Northern Afghanistan is turning into a main base for international terrorism with the Afghan wing...

Surviving jihadists are fleeing from Syria to Central Asia, including Northern Afghanistan, Russian Foreign Minister Sergey Lavrov said on Friday at a meeting of the UN Security Council devoted to security in Afghanistan and Central Asia.

"Northern Afghanistan is turning into a main base for international terrorism with the Afghan wing...

22.01.2018

Taliban claims deadly Kabul hotel siege

The Afghan Taliban has claimed responsibility for the attack on Kabul's Intercontinental Hotel that left at least five civilians killed and six wounded.

Gunmen dressed in army uniform stormed the heavily guarded hotel in the Bagh-e Bala area on Saturday evening, holding a siege that continued into Sunday.

Al Jazeera's Jennifer...

The Afghan Taliban has claimed responsibility for the attack on Kabul's Intercontinental Hotel that left at least five civilians killed and six wounded.

Gunmen dressed in army uniform stormed the heavily guarded hotel in the Bagh-e Bala area on Saturday evening, holding a siege that continued into Sunday.

Al Jazeera's Jennifer Glasse, reporting from...

Prices and Statistics

22.01.2018

Commodities

Date: January 22, 2018; Source: Bloomberg.com   Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 63.52 +0.15 +0.24% Feb 2018 12:07 AM
CO1:COMBrent Crude (ICE) USD/bbl. 68.80 +0.19 +0.28% Mar 2018 12:28 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 187.36 +1.00 +0.54% Feb 2018 12:22 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.26 +0.07 +2.20% Feb 2018 12:27 AM
HO1:COMHeating Oil (Nymex) USd/gal. 205.91 +0.07 +0.03% Feb 2018 12:21 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,330.90 -2.20 -0.17% Feb 2018 12:28 AM
XAUUSD:CURGold Spot USD/t oz. 1,332.17 +0.33 +0.02% N/A 12:38 AM
SI1:COMSilver (Comex) USD/t oz. 17.00 -0.04 -0.21% Mar 2018 12:27 AM
HG1:COMCopper (Comex) USd/lb. 319.60 +0.85 +0.27% Mar 2018 12:26 AM
XPTUSD:CURPlatinum Spot USD/t oz. 1,014.05 +0.85 +0.08% N/A 12:38 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 354.50 +2.00 +0.57% Mar 2018 12:27 AM
W 1:COMWheat (CBOT) USd/bu. 426.50 +3.75 +0.89% Mar 2018 12:27 AM
CC1:COMCocoa (ICE) USD/MT 1,931.00 -53.00 -2.67% Mar 2018 1/19/2018
CT1:COMCotton #2 (ICE) USd/lb. 83.73 +0.31 +0.37% Mar 2018 12:22 AM
LC1:COMLive Cattle (CME) USd/lb. 122.73 -0.75 -0.61% Apr 2018 1/19/2018

Date: January 22, 2018; Source: Bloomberg.com 

 Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 63.52 +0.15 +0.24% Feb 2018 12:07 AM
CO1:COMBrent Crude (ICE) USD/bbl. 68.80 +0.19 +0.28% Mar 2018 12:28 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 187.36 +1.00 +0.54% Feb 2018 12:22 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.26 +0.07 +2.20% Feb 2018 12:27 AM
HO1:COMHeating Oil (Nymex) USd/gal. 205.91 +0.07 +0.03% Feb 2018 12:21 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,330.90 -2.20 -0.17% Feb 2018 12:28 AM
XAUUSD:CURGold Spot USD/t oz. 1,332.17 +0.33 +0.02% N/A 12:38 AM
SI1:COMSilver (Comex) USD/t oz. 17.00 -0.04 -0.21% Mar 2018 12:27 AM
HG1:COMCopper (Comex) USd/lb. 319.60 +0.85 +0.27% Mar 2018 12:26 AM
XPTUSD:CURPlatinum Spot USD/t oz. 1,014.05 +0.85 +0.08% N/A 12:38 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 354.50 +2.00 +0.57% Mar 2018 12:27 AM
W 1:COMWheat (CBOT) USd/bu. 426.50 +3.75 +0.89% Mar 2018 12:27 AM
CC1:COMCocoa (ICE) USD/MT 1,931.00 -53.00 -2.67% Mar 2018 1/19/2018
CT1:COMCotton #2 (ICE) USd/lb. 83.73 +0.31 +0.37% Mar 2018 12:22 AM
LC1:COMLive Cattle (CME) USd/lb. 122.73 -0.75 -0.61% Apr 2018 1/19/2018
22.01.2018

Exchange Rates

Date: January 22, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 324.27
1 EURO EUR / KZT 398.27
1 RUSSIAN ROUBLE RUB / KZT 5.73
1 CHINESE YUAN CNY / KZT 50.68
1 KYRGYZIAN SOM KGS / KZT 4.7
1 CANADIAN DOLLAR CAD / KZT 261.32
1 AUSTRALIAN DOLLAR AUD / KZT 260.13

Date: January 22, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

324.27

1 EURO

EUR / KZT

398.27

1 RUSSIAN ROUBLE

RUB / KZT

5.73

1 CHINESE YUAN

CNY / KZT

50.68

1 KYRGYZIAN SOM

KGS / KZT

4.7

1 CANADIAN DOLLAR

CAD / KZT

261.32

1 AUSTRALIAN DOLLAR

AUD / KZT

260.13