The Head of State, Kassym-Jomart Tokayev, received the Supreme Mufti Nauryzbay kazhy Taganuly.

The Chairman of the Spiritual Administration of Muslims of Kazakhstan, Supreme Mufti Nauryzbay kazhy Taganuly told the President about the main directions of the current activities of the SAMK and plans for the coming period.

Kassym-Jomart Tokayev was informed...

More and more foreign companies are operating in Kazakhstan. Prepared infographics for the industries where they are most represented.

As of April 1, 2021, almost 20 thousand foreign legal entities are operating in Kazakhstan. Over the year, their number increased by 9.4%.

Most of these companies are represented in the trade. A...

The Persian leopard, Przewalski horse and tiger are now listed in the Red Book of Endangered Species, reported the press service of the Kazakh Ministry of Ecology, Geology and Natural Resources.

The total population consists of no more than 1,300 of the species globally. A leopard can only be found in the...

Amendments to the Constitutional Law of the Republic of Kazakhstan on elections in the Republic of Kazakhstan with accompanying amendments were presented in Parliament. As Vice Minister of National Economy of the Republic of Kazakhstan Alisher Abdykadyrov noted, according to the bill, candidates for the post of head of a...

On 4 April 2021, an agreement on labour activity and protection of the rights of migrant workers who are citizens of Uzbekistan and in Uzbekistan of migrant workers who are citizens of Kazakhstan, signed on 15 April 2019 during the state visit of President Kassym-Jomart Tokayev to our country, came...

Kazakhstan has added 2,229 fresh cases of the coronavirus infection in the past 24 hours, taking the total number of COVID-19 cases in the country to 276,054. Almaty city has recorded 612 fresh COVID-19 cases – the highest daily figure. Nur-Sultan is second with 465 cases. The Almaty region has...

President of the Republic of Kazakhstan Kassym-Jomart Tokayev received the Minister of National Economy Aset Irgaliyev.

Kassym-Jomart Tokayev heard a report on the preliminary results of economic development for the first quarter of this year, the progress of the Comprehensive Plan to Restore Economic Growth.

The Head of State was informed about...

A special group to work with potential investors, the Task Force, was established in Kazakhstan pursuant to the President’s task, the Kazakh MFA’s official website reads.

Deputy PM - Foreign Minister of Kazakhstan Mukhtar Tileuberdi, AIFC Governor Kairat Kelimbetov signed today the joint decree on its establishment. The Task Force is...

By March, the assets of Kazakhstani banks amounted to 32 trillion tenge by 2.2% more than a month ago, and by 19.7% more than a year earlier.

The largest growth in annual dynamics among the TOP-10 strongest players in the banking sector is again shown by the leader in the sector...

The macro-regulator published statistics on the STBs' activities in February, which recorded the continued growth of the sector's assets against the background of a decrease in the loan portfolio. As of March 1, the weight of loans in total assets amounted to 48% against 54.4% a year earlier. Nevertheless, banks'...

Leasing company Capital Leasing Group on March 31 raised KZT1.3bln at KASE by placing unsecured bonds with a circulation period of 2.8 years. The activation of real sector companies on the stock exchange, according to market participants, is quite natural and is explained by the increased rates of housing construction.

The...

For the first quarter, cameral control covered more than 305 thousand public procurement procedures in the amount of 2.9 trillion tenge. This was announced by the head of the Ministry of Finance Yerulan Zhamaubayev.

According to the Minister of Finance, according to the results of inspections, violations of 9,111 procedures were...

33-year-old Russian Timur Turlov owns the lion’s share of a U.S. listed stock brokerage targeting clients in countries like Russia and Kazakhstan.

Timur Turlov has made a fortune tied to the stock market. But when the usually stoic Russian native is asked his thoughts about trading shares in GameStop, the video...

As a result of trades in shares on the Kazakhstan Stock Exchange on Tuesday, the value of the KASE index increased by 0.92% from 3,311.51 to 3,280.94.

The volume of deals in shares included in the KASE index representative list decreased against the previous trading list by 6.9% and amounted to...

The weighted average dollar rate on the Kazakhstan Stock Exchange on April 13, 2021 at 17:00 amounted to 433.58 tenge. According to KASE information, the minimum rate at the trades amounted to 433.35 tenge per US dollar, the maximum to 433.80 tenge, the closing rate to 433.65 tenge.

The volume of...

The U.S. dollar fell to three-week lows on Tuesday after data showed inflation making strong gains in March, though the rise was not expected to alter the Federal Reserve’s commitment to keeping interest rates at rock-bottom levels for years to come.

The consumer price index jumped 0.6% last month, the largest...

European shares hovered just below all-time highs on Tuesday as investors awaited data that is expected to show a pickup in U.S. inflation on the back of a swift global economic recovery.

The pan-European STOXX 600 rose 0.3% and the export-heavy German stock index gained 0.4%, as data also showed China’s...

Kazakhstan’s liquid hydrocarbon production in February increased by around 120 tb/d m-o-m to reach 1.89 mb/d, OPEC’s think tank in Vienna reports. In March, preliminary data indicates a drop of around 0.13 mb/d to average 1.75 mb/d. Kazakhstan’s liquids production in 2020 is estimated to have declined by 0.10 mb/d...

The North Caspian Operating Company (NCOC) which operates Kazakhstan's Kashagan field is planning to conduct an open round-table in respect of the Marine Access Channels Project for the purpose of discussing the issues of interest with stakeholders, Trend reported citing the NCOC.

On April 7, the NCOC informed the public about Marine access...

For 2016–2020 the volume of petrochemical products produced in the country quadrupled and amounted to 360 thousand tonnes. Kazakhstan plans to increase the production of petrochemical products, said Roman Sklyar, Deputy Prime Minister of the Republic.

“Today, there are 5 plants for the production of oil and gas chemical products with...

Overhaul at the Shymkent Oil Refinery has been postponed to May. This was announced by the Minister of Energy of Kazakhstan Nurlan Nogayev.

In order to prevent a shortage of oil products during the repair of installations of the Atyrau oil refinery, the Ministry of Energy, together with KazMunayGaz, decided to...

A feasibility analysis regarding the construction project for the Soyuz Vostok gas trunk line was approved on April 12. The analysis was performed by Gazprom within the framework of the comprehensive feasibility analysis regarding the project for pipeline supplies of Russian, Kazakh, Uzbek and Turkmen gas across Mongolia to China. In the course of the feasibility...

Delo Group, the largest transport and logistics holding in Russia, and Atomenergoprom, a company consolidating Rosatom civil assets, signed an agreement for joint actions to promote switching of logistics terminals to low-carbon green energy sources. The agreement was signed by CEO of Delo Management Company Igor Yakovenko and Head of Business Development...

Malaysia's Petronas launched the GDDP-A (Garagol Deniz Drilling Platform) oil drilling platform in the Turkmen sector of the Caspian Sea.  

CEO of Petronas Carigali (Turkmenistan) Sdn Bhd Ruslan bin Abdul Ghani via video link thanked Turkmengas, ILK Insaat Taahut San. Ve Tic. A.S., that was involved in the technical execution of the project...

Global oil demand in 2021 is forecast to grow by around 6.0 mb/d y-o-y. The year started with new waves of COVID-19 infections, necessitating renewed lockdown measures in many OECD economies. Therefore, the bulk of consumption growth is expected to take place in 2Q21 and 3Q21, with global demand y-o-y...

Oil prices rose on Tuesday after strong Chinese import data but markets broadly shrugged off Middle East tensions which have so far not disrupted oil supply.

Brent crude oil futures were up 61 cents, or 1%, at $63.89 a barrel by 1221 GMT while U.S. crude oil futures gained 53 cents,...

British wholesale gas prices dropped by almost 3% on Tuesday morning on high imports, though losses were kept in check by strong demand because of unseasonally cold weather.

The within-day contract was down 1.65 pence at 56.10 p/therm by 0739 GMT.

The day-ahead contract was down 1.5 pence at 55.75 p/therm.

The British...

The volume of production in the mining industry and quarrying in the EAEU in January-February 2021 amounted to $44.9 billion and decreased compared to January-February 2020 at constant prices by 8.1%.

Note that there is an increase in coal production in Kazakhstan, Kyrgyzstan and Russia, compared to January February 2020 by...

Central Asia Metals reported declines in production in its first quarter on Tuesday, at the Kounrad dump leach, solvent extraction and electro-winning copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia.

The AIM-traded firm said there was one lost time injury at Sasa in the period, as a...

2,898 measured bars with a total weight of 48.2 kg were purchased by Kazakhstanis from second-tier banks and individual non-bank exchange offices in March 2021, the press service of the National Bank of Kazakhstan reported.

Gold bars are available in five varieties: 5, 10, 20, 50 and 100 g. Bars weighing...

Gold prices fell to their lowest in more than a week on Tuesday after the metal's appeal was dented by higher Treasury yields and as investors awaited U.S. inflation data.

Spot gold was 0.2% lower at $1,729 per ounce by 1200 GMT, having earlier dipped to its lowest since April 5...

Copper prices fell on Tuesday, as increasing inventories in global exchanges and worries about possible governmental price control measures in top consumer China weighed on sentiment, despite data showing solid copper imports in the first quarter.

Three-month copper on the London Metal Exchange fell 0.1% to $8,856.50 a tonne by 0706...

In the rating of the International Energy Agency, Kazakhstan in 2019 took 11th place in the world in terms of subsidies for energy resources at USD6.6 billion, or 3.6% of GDP. Kazakhstan is the only country in the ranking with coal subsidies at USD2.2 billion. In terms of subsidies for...

Steppe Cement, a leading investor in the sector in Kazakhstan, said on Tuesday that it sold 265,556 tonnes of cement for KZT 4.88bn (£8.2m) in the first quarter, representing increases of 13% and 22% respectively.

The AIM-traded firm said the Kazakh cement market in the first three months of 2021 increased...

Sharcem, part of Singapore-based International Cement Group (ICG), plans to acquire US$16.3m-worth of cement assets in Kazakhstan. The Business Times newspaper has reported that the sellers are Kazakhcement and the Development Bank of Kazakhstan. Kazakhcement currently operates the 1.0Mt/yr Shar plant in Charsk, East Kazakhstan. ICG said that the opportunity...

According to the information provided by the regional administration, the most significant project that was launched in the region is the production of flour products and pasta. The project was implemented with foreign participation in 1998. The volume of investments is about $100 million. The products are made from Kazakh...

Last Saturday, the press service of the Ministry of Ecology, Geology and Natural Resources of Kazakhstan announced how much irrigation water will be saved in the Turkestan region due to the digitalisation of the canal. The head of the department, Magzum Mirzagaliyev, paid a working visit to the region, where...

The Zhambyl region’s main drivers of socio-economic stability comes from key industries such as manufacturing, trade and agriculture. At the end of 2020, the region retained its growth dynamics in all major economic indicators. According to the analysis of the development of manufacturing, tourism industries, small and medium-sized businesses, the...

In January-February 2021, an increase in industrial production was noted in some countries of the Eurasian Economic Union. This is stated in the analytical review of the Eurasian Economic Union.

Thus, industrial production in Belarus increased by 8.3%, the volume of construction work performed in Kazakhstan increased by 9.7%, Armenia by...

Retail trade in Kazakhstan showed growth for the first time in 2021. This is evidenced by the data of the Bureau of National Statistics for March. In March, the volume of retail trade amounted to 922.4 billion tenge, which is 2.2% more than in March last year. The indicator showed...

According to the Committee on Statistics of Ministry of National Economy of Kazakhstan, as of April 1, the stocks of grains and pulses decreased to 9.39 mln tonnes compared to 10.046 mln tonnes in the previous month.

In particular, by the beginning of April, the total stocks of Kazakh wheat were...

In Kazakhstan, they decided to reimburse transport costs for the supply of wheat to millers in the southern and western regions of the republic. The Ministry of Agriculture of Kazakhstan explains its decision by the need to keep prices for tin bread, which is made from first grade flour. For...

Why were soybean, sunflower and corn farmers rich? They had contracts with a processor. Why did the grain crops go bankrupt? Because they preferred short export margins instead of collaboration with millers. Why does the Meat Program crash for all of us? Because farmers are forced to export commercial livestock...

In Shymkent, it is planned to lay intensive gardens for more than 6 billion tenge. This was reported in the city administration. Four projects for 6.6 billion tenge will be implemented in 2021-2023. Their total area is 441 hectares.

They plan to start implementing two agro-industrial projects this year. Their total...

U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on some bargain buying by investment funds and concerns about tight supplies of both commodities, traders said.

Wheat futures also were firm, with concerns about dry conditions limiting U.S. and European production underpinning prices.

Corn and soybean...

The length of regional and district roads in Kazakhstan is 71.6 thousand km. At the end of 2020, 71% of them are in good and satisfactory technical condition. By 2025, the share of such roads should reach 95%.

As of January 1, 2021, due to the work performed in previous years,...

In Kazakhstan, car sales increased by a third in the first quarter of 2021, with reference to the Association of the Kazakh Auto Business. As noted in the organisation, in January-March 2021, Kazakhstanis purchased 24.2 thousand new cars, trucks and buses. This is 35% more than a year earlier.

In March...

Kcell shareholders approved the delisting of securities on the London Stock Exchange and the AIFC site. According to the company, shareholders have the right to demand the buyback of their securities and GDRs from April 9, 2021.

"To approve the termination of the GDR issuance and circulation program, as well as...

Kcell plans to almost double the amount of dividends. According to the information, the company will direct 100% of its net income to pay.

"The size of dividends for 2020 may amount to 87.89 tenge per share or 17.5 billion tenge," Kcell reported.

At the end of 2019, the company allocated 9...

Since 2000, new housing in Kazakhstan has risen in price by 15.2 times. If in 2000 1 sq. m of square housing in a new building cost 21 thousand tenge, then in January 2021 319 thousand tenge. Such data are provided by KazNIISA specialists.

In the secondary market, housing has risen...

The Russian central bank said on Monday that the current pattern of inflation pressure confirms it was right to raise interest rates last month and pave the way for a return to a neutral monetary policy.

Last month, the central bank raised its key rate to 4.5%, embarking on a monetary...

The share of foreign investors among holders of Russia's OFZ treasury bonds slumped further in March to its lowest since August 2015, the central bank data showed on Monday.

Foreign investors' share of Russian debt has been on decline for months and its slide accelerated recently amid intensified fears of fresh...

The Russian rouble firmed on Tuesday, stepping away from a five-month low against the dollar as the market kept a close watch on geopolitical tensions between Moscow and the West.

The rouble was up 0.5% at 77.00 versus the dollar at 1430 GMT, moving away from its weakest level since Nov....

China stocks ended lower on Tuesday, extending losses into a third day on weakness in financials and consumer discretionary shares, as robust trade data added to investor concerns that authorities could begin to tighten policy.

At the close, the Shanghai Composite index was down 0.48% at 3,396.47, its third day of...

China's foreign trade surged in the first quarter of 2021, as the country made continuous progress in COVID-19 prevention and control, as well as economic and social development.

The country's total imports and exports of goods surged 29.2 percent year on year to 8.47 trillion yuan (about 1.29 trillion U.S. dollars)...

China's economy will continue to rebound in 2021 with expected growth of around 8.8 percent, according to the China Economic Security Outlook Report 2021 released recently by Peking University.

The report predicted China's growth rate of consumption, investment and foreign trade will all rise year-on-year. The increase in the growth rate...

Date: April 14, 2021;Source: Bloomberg.com

Date: April 14; Source: the National Bank of Kazakhstan