The Head of State awarded outstanding public and political figure, Colonel General, a veteran of the national security and defense bodies Sat Tokpakbayev the title of the Khalyk Kakharmany (National Hero) and a special insignia – The Golden Star and Otan Order.

The solemn awarding ceremony was held at the Akorda...

President of Kazakhstan Kassym-Jomart Tokayev greeted Federal Chancellor of Germany Olaf Scholz at the presidential palace Akorda.

German Chancellor Olaf Scholz was officially welcomed to Akorda by a guard of honour, with the presidential orchestra performing the national anthems of Kazakhstan and Germany.

Kassym-Jomart Tokayev and Olaf Scholz walked down the carpet...

President of Kazakhstan Kassym-Jomart Tokayev revealed what issues were under discussion during his private meeting with Federal Chancellor of Germany Olaf Scholz. 

The Head of State of Kazakhstan highlighted that this is the first official visit of German Chancellor Olaf Scholz to the country.

We attach particular importance to this event. I’m...

Kazakh President Kassym-Jomart Tokayev and German Chancellor Olaf Scholz held talks in an extended format with the participation of members of the official delegations.

During the talks, the Kazakh leader pointed out the special importance of the first official visit of the German Chancellor to Kazakhstan and expressed confidence that today’s...

Following the talks between President of Kazakhstan Kassym-Jomart Tokayev and Federation Chancellor of Germany Olaf Scholz, the Joint Declaration on Cooperation between Kazakhstan and the Federal Republic of Germany was signed.

The members of the official delegations inked the following documents:

Memorandum of mutual understanding on technical issues of cooperation between central...

President of Kazakhstan Kassym-Jomart Tokayev met with the representatives of German business circles ahead of the Kazakh-German Business Forum in Astana.

The Kazakh leader said that the presence of the leading German companies in Kazakhstan is clear evidence of a shared commitment to the development of economic cooperation between the two...

The Prime Minister of Kazakhstan Olzhas Bektenov met with the Deputy Managing Director of the International Monetary Fund Bo Li.The meeting focused on cooperating in the financial and economic areas.Kazakhstan has been a member of the IMF since 1992.

Long-term partnership with the Fund is important to ensure economic stability of...

Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Gabidulla Ospankulov and Deputy Chairman of the Board of JSC "NC "KAZAKH INVEST" Madiyar Sultanbek spoke at the Eurasian Conference of the Society of Honorary Consuls, organized with the support of the Ministry of Foreign Affairs of the...

Almas Chukin, Chairman of the Board of Directors of Halyk Bank Kyrgyzstan, as well as Visor Managing Partner, gave a forecast for the tenge exchange rate for the year.

"From October to November, the tenge exchange rate will strengthen somewhere until April-May in the area of 440-460 tenge, and then by...

Kazakhstanis can establish a voluntary waiver of bank loans and microcredits for an indefinite period. This can be done on the portal eGov.kz. To do this, go to the "Customs and Taxes" section and open the "Economics and Finance" subsection.

Then you need to select the service "Voluntary refusal to receive...

Foreign companies can get more pension money into management. This rule is currently being discussed. Dauren Tasmagambetov, Managing Director of the AFK Securities Market Development Centre, spoke about what this could lead to.

In his opinion, the transfer of part of the UAPF funds may arouse additional interest from foreign financial...

The volume of funds (assets plus money in accounts) of the National Fund of Kazakhstan in August increased by 4% compared to July, to 33.6 trillion tenge. This is evidenced by the statistics of the National Bank. A week ago, the Ministry of Finance called other data: the volume of...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on September 16, 2024 at 17:00 amounted to 480.65 tenge. Compared with the data at 17:00 on September 13 (479.51 tenge per 1 dollar), the national currency against the dollar weakened by 1.14 tenge.

According to KASE, at the...

The dollar weakened, while the yen soared to its highest level in more than a year on Monday. Market participants increased their expectations for an oversized rate cut by the Federal Reserve later this week. The dollar hit a low of 139.58 yen, falling from the 140.285 end-December level to...

Kazakhstan's petrochemical industry has shown a tendency to grow and diversify in recent years. This sector is playing an increasingly important role in the country's economy, which is striving to reduce dependence on exports of basic commodities.

The development of the industry is characterized by several key trends.

Firstly, there is an...

Ken-Ai-Oil Kyzylorda, owned by Kenelbek Igenbayev and Sabyr Seitkhanov, plans to supply oil produced in the Syrdarya district of the Kyzylorda region to China.

"The planned activity is the Taikazan field development project… Access to the export route (to China) is possible via the Kumkol-Atasu-Alashankou oil pipeline with an oil reception...

Production facilities for the production of goods most in demand in the oil and gas industry are being localised in Kazakhstan. The Ministry of Energy gave details.

In response to the readjustment request, it is reported that the facilities want to open before the end of 2027 with global companies. The...

Kazakhstan Petrochemical Industries Inc. (KPI) has established itself as a key player in Kazakhstan's petrochemical industry, demonstrating an innovative approach not only in production processes, but also in human resource management strategies. As the first joint venture (KazMunayGas and SIBUR) for deep processing of raw materials from the Tengiz field,...

Atyrau oil refinery will stop for scheduled repairs from October 1 to October 25, the Ministry of Energy of Kazakhstan reported on Monday.

"In accordance with the approved schedule of scheduled preventive maintenance for 2024, the Atyrau refinery is scheduled to be repaired from October 1 to October 25," the Ministry...

Oil prices stabilised on Monday as ongoing disruption to U.S. Gulf oil infrastructure balanced persistent demand concerns after a fresh round of Chinese data while investors await news on U.S. interest rates this week.

Brent crude futures for November were up 23 cents, or 0.32%, at $71.84 a barrel by 0934...

Decades ago, academician Kanysh Satpayev wrote: "We do not think of science divorced from practice. The success of science lies in the fact that scientists work in conjunction with production workers and at the main facilities. This means that scientists should direct their efforts to large facilities of great economic...

Sokolovsko-Sarbayskoye Mining and Processing Production Association (SSGPO), part of the ERG owned by Alexander Mashkevich, Patokh Shodiev and the Ibragimov family, increased the supply of iron ore raw materials (pellets and iron ore concentrate) to the Karaganda Metallurgical Combine (Qarmet), owned by Andrey Lavrentiev, in January-August to 1.6 million tonnes...

Gold prices charged to a record high on Monday as a weaker dollar and the prospects of aggressive U.S. monetary policy easing boosted non-yielding bullion's appeal.

Spot gold was up 0.1% at $2,579.09 an ounce by 1059 GMT after touching a record peak of $2,589.59. U.S. gold futures edged down by...

Aluminium prices rose through key resistance levels on Monday, supported by lower inventory, a weaker dollar and expectations the U.S. Federal Reserve will this week announce a bigger rate cut.

Three-month aluminium on the London Metal Exchange (LME) was up 1.8% at $2,515 a metric ton by 0943 GMT, the highest...

In Kazakhstan, in January-August 2024, industrial production increased by 4.9% year-on-year, but a decrease was noted in six regions. Almaty showed the worst result among them, the figure is 6.5%. This follows from the data provided by the Bureau of National Statistics (BNS). Almaty showed a decline the following year,...

Three new projects are planned to be implemented in the Pavlodar region, with reference to the regional administration. The possibility of launching the production of high-purity battery grade manganese is being considered in the region.

"At the moment, Taza Metal Technologies is ready to build a new enterprise in the Aksu...

By the end of July, Kazakhstan's foreign trade turnover decreased by 3%, to $12 billion compared to the end of the year, but compared to June, turnover increased by 3%. The indicator grew by 0.1% year-on-year. Exports also decreased by 5.2% compared to the end of the year, to $6.8...

Zhanna Almanova, Head of the Centre for Agrobioresources and Ecology Sciences of the National Academy of Sciences of Kazakhstan, PhD in Soil Science and Agrochemistry, spoke about the advantages of nitrogen fertilisers.

One of the key problems of crop production in Kazakhstan is definitely a shortage of fertilisers. Currently, domestic agriculture...

The Ministry of Agriculture plans to start digitizing the processes of passing agricultural goods across the border of Kazakhstan (export-import). This was reported in the press service of the department.

It is noted that these measures will ensure end-to-end traceability of all livestock products, electronic certification of animals and goods of...

Chicago wheat futures dipped from three-month highs on Monday although the market was underpinned by crop concerns in Europe and escalating tensions between Russia and Ukraine.

Corn and soybean futures also fell as the United States geared up for large harvests of both crops.

The most-active wheat contract on the Chicago Board...

A new route to China will be paved from Kazakhstan in the next three years. This was reported by the Ministry of Transport.

According to the ministry, the government is implementing the Bakhty Ayagoz project, which will open a third border crossing on the border with China. In addition, a railway...

Kazakhstan will receive alternative Internet access next year. According to the Ministry of Digital Development, the laying of fibre-optic communication lines (fibre optic lines) along the bottom of the Caspian Sea continues together with Azerbaijan.

It is expected that this will provide an alternative physical route to the Internet and connect...

By the end of the year, Kazakhtelecom will replace 300 thousand old routers with new ones for its customers in order to improve the quality of the Internet. This was announced by the head of the company, Bagdat Musin, in his Telegram channel.

"When I came to Kazakhtelecom, I came across...

Yandex sells telemedicine under the Yandex Health brand to Genotek, a company in the field of genetic research, the Internet company said in a statement. Telemedicine has been an experimental field for Yandex since 2016.

The amount of the transaction was not disclosed.

As part of the sale, Yandex will transfer the...

Egyptian EIPICO is investing in the construction of a biopharmaceutical plant in Kazakhstan, with reference to the press service of the Ministry of Health.

"The Minister of Health of Kazakhstan Akmaral Alnazarova held a meeting with representatives of the Egyptian pharmaceutical company EIPICO. The parties discussed an investment project for the...

The Russian stock market continued to grow on Monday, September 16, playing back the results of Friday's meeting of the Central Bank, at which the regulator made a compromise decision, raising the rate by 100 bps to 19%. The head of the Bank of Russia, Elvira Nabiullina, said that the...

About a million people enrol in Russian universities every year, many of them risk getting outdated or unclaimed qualifications. Already today, more than a third of graduates do not find a place in the labour market. The situation can get much worse: the labour market in Russia is changing so...

Spending by Russian tourists on summer holidays in 2024 amounted to 67.4 thousand rouble per person, which is 7% more than a year earlier, and 75% more than in 2022, said Kirill Rodin, Director of Public Relations at VTSIOM on Monday.

"We asked: estimate how much money was spent on your...

China is likely to gradually introduce new policies to bolster quality-oriented growth in the near term, as the latest indicators suggest the economy is still feeling the pinch of lackluster demand and low confidence among investors and consumers, analysts said.

Existing policies are expected to be implemented in the following months...

China's aggregate social financing — the total amount of financing to the real economy — stood at 21.9 trillion yuan ($3.09 trillion) during the January-August period, down 3.32 trillion yuan compared with the same period of last year, official data showed.

The People's Bank of China, the country's central bank, said on Friday...

Date: September 17, 2024; Source: the National Bank of Kazakhstan