Meeting of the Expert Council for Economy was held Dec. 13 in Ukimet Uyi with the participation of Prime Minister Bakytzhan Sagintayev.

The development of public-private partnership in the regions, as well as the economic agenda for 2019 was discussed at the meeting.

Chairman of the Governing Board of the Association of...

The Unified Pension Savings Fund of Kazakhstan reported on the Kazakhstan's life expectancy.

Kazakhstan as well as the entire world eyes currently growth of expected lifespan. According to 2017 data, the average life expectancy makes 73 years old, ranging from 69 years for men to 77 years for women. Research...

The Ministry of Energy of Kazakhstan, the Plenipotentiary Body (PSA), and the companies participating in the Northern Caspian Production Sharing Agreement (NCPSA) as shareholders, signed an agreement on the provision of the Development Plan for the Kalamkas-Sea field located in the NCPSA license area.

The agreement provides for the companies to...

Deliveries of crude oil from the Karachaganak field for processing at Kazakhstani oil refineries will be held on commercial terms, that is, at a price close to the netback, Magzum Mirzagaliyev, deputy minister of energy, told.

"We agreed in the framework of the settlement of the dispute that Kazakhstan will have...

In January-November 2018, Kazakhstan produced 3.599 million tonnes of gasoline, including aviation fuel, which is 28.9% more than in January-November 2017, the statistics committee of the Ministry of Economy said.

The output of diesel fuel increased by 8.3%, to 4.327 million tonnes, fuel oil decreased by 12.3%, to 2.622 million tonnes....

The first batch of paraxylene of the Atyrau Oil Refinery in a total volume of 300 tonnes was sent to China on Wednesday, December 12. Last week, the AOR reported on the start of shipment of paraxylene.

Paraxylene along with another petrochemical product - benzene - is a product of the...

In 2018, the throughput capacity of the Kazakhstan-China gas pipeline increased by 5 billion cubic metres to 55 billion cubic metres of gas per year.

This was announced by the Deputy Minister of Energy of Kazakhstan M. Mirzagaliyev.

M. Mirzagaliyev’s theses:

- Kazakhstan plays an ever-increasing role in the regional transit of energy...

Atyrau Oil Pipeline Administration of KazTransOil systematically carries out modernisation and automation of all production processes related to oil transportation. The Greater Chagan oil pumping station in the Zelionovsky District of the West Kazakhstan Region has introduced the most advanced digital technologies in the protection, monitoring and control system.

Greater Chagan...

One of the directors of the refinery of Aktobe Oil Refining Almaz Kuzhagaliyev was sentenced to 19 years in prison for illegal sale and export of oil.

The co-participant of the criminal group, the deputy director of Inter Oil Export, a Belarusian citizen Sergei Kuntsevich was found guilty and sentenced to...

The issue of gasification of the country's regions remains one of the most urgent on the agenda for both the government and regional authorities. No exception is the East Kazakhstan region. On December 8, 2012, an Agreement between the Government of Kazakhstan and the Government of China on cooperation in...

Turkey is launching the construction of the onshore part of the Turkish Stream gas pipeline on the territory of the republic.

Turkish President Recep Tayyip Erdogan announced this presenting the action plan for the second 100 days of the new cabinet after the country’s transition to the presidential form of government.

"We...

Oil prices climbed 1 percent on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.

OPEC's output agreement with Russia and Canada's decision to mandate production cuts could create...

British wholesale gas prices rose on December 13 as colder than expected temperatures lifted demand for gas for heating.

The day-ahead gas price was up 1.25 pence at 66.25 pence per therm by 0915 GMT.

The within-day gas price was up 1.25 pence at 65.50p/therm.

Traders said temperature forecasts had been revised downwards...

Prime Minister of Kazakhstan Bakytzhan Sagintayev chaired a regular meeting of the Board of Directors of Samruk-Kazyna Sovereign Wealth Fund JSC in Ukimet Uyi.

On the agenda, the results of the Fund’s work for 2018 including the implementation of the Transformation Program were reviewed and the Development Plan of Samruk-Kazyna JSC...

During the teleconference on the Industrialization Day, President Nursultan Nazarbayev launched 28 new projects throughout the country. The Head of State summarized the implementation results of the Industrialization Map, identifying new tasks and future prospects. Well-known experts spoke to PrimeMinister.kz about the importance of the industrial and innovative development of...

The document was designed to upgrade the automotive industry of Kazakhstan. 

Chairman of the Kazakh Senate Kassym-Jomart Tokayev congratulated Chairman of the Board of China General Technology Holding (Genertec) Lu Yi Min on the signing of the outstanding investment deal, a press office of the Senate reports.

The document was designed to...

The National Bank published the results of its next forecast round dedicated to changes in the balance of payments. Rounds are held at intervals of three months, and this time it took place under conditions of a clear decline in oil prices in November.

The revision of the forecasts was not...

The value of net sales of euro by exchange offices in October reached 33.6 billion tenge, which is 9.1% more than last month. This is the highest figure in the current year.

The average official euro exchange rate in October was 422.2 KZT for 1 EUR, which is 1.4% less than...

At the end of October 2018, industry lending in Kazakhstan reached almost 2 trillion tenge.

The main share (almost 65%) of lending is traditionally accounted for the manufacturing industry, the size of the loan portfolio reached 1.2 trillion tenge.

Mining industry accounted for 21.3%, or 407.2 billion tenge; other industries (electric power...

At the end of November this year, the number of operating enterprises reached 279.2 thousand, with the growth by 9.4% yoy. The proportion of small enterprises is 96.9% of the total number of companies.

The number of small enterprises reached 270.6 thousand, which is 9.6% more than a year earlier. The...

Qazaq Banki denied the appeal, so on December 12, 2018, the decision of the Almaty Economic Court on the forced liquidation of the bank came into force. This decision was made on October 24, 2018, the bank filed an appeal on November 29.

Individuals and individual entrepreneurs are entitled to reimbursement...

On December 12, ForteBank announced the purchase of IT products developed by DAR Ecosystems - DAR Bazar, DAR Business, chatbot and DAR VIS chat technologies. DAR Ecosystems is an electronic money operator and is licensed by the payment organisation of the National Bank of Kazakhstan. At this point, ForteBank is...

The midterm results of the Comprehensive Privatisation Plan for 2016 to 2020 show that 465 entities, including state-owned and communal companies as well as assets of national holdings worth 296 billion tenge or US$800.93 million have been sold, out of a total of 532 put up for sale.

Ninety-six entities are...

A regular meeting of the Board of Directors of National Welfare Fund Samruk-Kazyna JSC was chaired by Prime Minister of Kazakhstan Bakytzhan Sagintayev.

The agenda included the results of the Fund’s work for 2018, including the progress of the Transformation Program; the Development Plan of Samruk-Kazyna JSC for 2019-2023 was approved.

Chairman...

Khairat Lama Sharif, Ambassador of Kazakhstan to the UAE, said that the two countries are reinforcing their ties, through promoting political cooperation, economic and cultural interaction, and regional communication, WAM reports. 

In his speech during a reception marking Kazakhstan's National Day, Sharif said that the current year witnessed many historic events,...

Since its opening in July 2018, around 100 companies have registered with Astana International Financial Center.

The latest reports from Kazakhstan capital says that the number will touch to 250 companies by 2019 and 500 by the end of 2020. Media gathering was chaired by HE Mr. Madiyar Menilbekov, Consul General...

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TОМ) made KZT370.10 per US dollar at the trades volume of USD80,400 th.;

- on US dollar with settlements T+0 and T+2 in tenge no deals were made; at the session close quotes...

The euro fell against the dollar on Thursday after the European Central Bank as expected halted new bond purchases and promised to maintain policy support for the euro zone due to risks from trade tensions, Brexit and budget woes in Italy and France.

Sterling held steady following UK Prime Minister Theresa...

For the third year in a row, Russian and Kazakhstan pipe producers have managed to maintain an approximate parity on mutual deliveries of seamless pipes within the EEU. The industry explains the situation by the fact that Pavlodar KSP Steel is more profitable to supply pipes to Russia than to...

KAZ MINL PLC/ADR (OTCMKTS:KZMYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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 consists...

Spot gold and U.S. gold futures were steady at $1,245.74 per ounce and $1,250.3 per ounce, respectively, as of 0657 GMT.

"Market sentiment is neutral today... We've got a little more positive sentiment than we anticipated from U.S.-China trade tensions, which is weighing on the topside," said Stephen Innes, APAC trading...

Copper hit its highest in more than a week on Dec. 13 after U.S.-China trade tensions eased, but gains were capped due to persistent worries about Chinese demand and global growth. China made its first purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck...

A meeting of the Council on export policy was held in Ukimet Uyi under the chairmanship of the Prime Minister of Kazakhstan Bakytzhan Sagintayev. Specifically, approaches were considered for financial and service support of enterprises in order to create new export positions, expand the presence of Kazakhstan commodities in “traditional”...

On December 12, 2018, over 16 tonnes of Kazakhstan's frozen lamb arrived at a special railway receiving station of the railway port of Urumqi, which was Kazakhstan’s first export supply of meat products to China.

In an interview with the Evening Newspaper Urumqi, the general manager of the recipient company of...

For 11 months of 2018, the value of trade between Turkestan region and Uzbekistan reached $447 million, increasing by 27.7 percent year-on-year, Deputy Head of the Turkestan Regional State Revenue Department Yeldos Saudabayev has told today's briefing at the Regional Communications Service, Kazinform cites the Governor's press service.

The region's State...

As stated at the Kazakhstan-Japan Business Forum the commodity turnover between Kazakhstan and Japan grew almost by one-half as compared to the last year, Khabar 24 reports.

Kazakh Investments and Development Vice Minister Arystan Kabikenov led the country's delegation to attend the forum. Representatives of Japan's Government and 20 large companies...

In January-October of this year, prices for exported Kazakhstan goods increased by 19.2%, imported by 7%. This is reported by the Committee on Statistics of the Ministry of National Economy of Kazakhstan.

Since the beginning of the year, the increase in prices for export deliveries by statisticians has been noted for...

The United Nations Development Programme’s (UNDP) new report “Climate Change Adaptation in Europe and Central Asia: Adapting to a Changing Climate for Resilient Development,” which draws on lessons learned from Kazakhstan’s wheat farming project, was presented at the Dec. 2-14 Katowice Climate Change conference in Poland.

“With impressive development progress over...

Chicago soybean futures eased on Thursday, extending a retreat from the prior session's six-month high, as the market absorbed news of China's first major purchases of U.S. supplies since a truce was struck in the Sino-U.S. trade war.

The most-active soybean contract on the Chicago Board of Trade was down 0.2...

In Astana, an agreement of Kazakhtelecom with Telia Company and Fintur Holdings BV on the acquisition of 75% of the voting shares of Kcell was signed.

The participants of the transaction, Kazakhtelecom, Telia Company and Fintur Holdings BV, signed an agreement on the acquisition by Kazakhtelecom of the total 75% stake...

Foreign direct investment (FDI) into the Chinese mainland stayed basically stable in the first 11 months of the year, the Ministry of Commerce (MOC) said Thursday.

A total of 54,703 new overseas-funded companies were established during the period, up 77.5 percent year on year, MOC data showed.

FDI from January to November...

China's industrial sector continued stable expansion in October, according to a survey by the China Federation of Industrial Economics (CFIE).

The Industrial Composite Index (ICI) came in at 52.2 in October, slightly down from 52.3 in September and 52.5 in August, according to data released by the CFIE.

A reading above 50...

China has decided to boost mechanised farming and the upgrading of agricultural machinery, according to the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday.

The meeting said that quickening the work as required by the country's rural vitalisation strategy would provide essential support for China to achieve agricultural...

Russia’s oil giant Rosneft has changed its mind on cooperating with Iran, three sources linked to the state company’s top managers told Vedomosti. Late last year, Rosneft and the National Iranian Oil Company announced plans to fulfill joint projects in oil and gas production to the tune of $30 bln...

Rough diamond sales by Alrosa in 2019 could exceed the projected production of 38 mln carats and reach 38-39 mln carats, Head of the company Sergey Ivanov told reporters on Thursday. "We will approve the next year’s budget tomorrow at the supervisory board meeting. We proceed from the assumption that...

Date: December 14, 2018; Source: the National Bank of Kazakhstan

Date: December 14, 2018; Source: Bloomberg.com

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