The First President of the Republic of Kazakhstan - Elbasy, the chairman of the Nur Otan party Nursultan Nazarbayev took part in a meeting of the party faction in the Majilis of the Parliament of the Republic of Kazakhstan.

Opening the meeting, Nursultan Nazarbayev once again congratulated the deputies of the...

The First President of the Republic of Kazakhstan - Elbasy, chairman of the Nur Otan party Nursultan Nazarbayev spoke about the candidacy of the future Prime Minister of the country.

"My opinion is that continuity should be preserved. Despite all the difficulties, the Government coped with its work. Against the background...

More than 425 billion tenge is allocated for the development of the construction industry and housing and communal services in 2021. According to the plans of the Ministry of Industry and Infrastructure Development, 425.9 billion tenge will be allocated for 2 strategic goals. The industry itself will receive the main...

For the IV quarter of 2020, 165.6 thousand vacancies and 74.5 thousand resumes requiring qualifications were posted on the Electronic Labour Exchange. This was reported in the press service of the Centre for the Development of Labour Resources.

In October, the largest number of vacancies for the IV quarter was posted...

Consultations of the leaders of the factions of political parties included in the parliamentary majority and parliamentary opposition were held in Parliament. The very concept of parliamentary opposition is enshrined in current legislation. The parties that have won the least number of votes have the opportunity to enter it. To...

Kazakhstan intends to reduce the tariff for water in villages at the expense of state subsidies. During the meeting of the Senate, amendments to the Water Code, initiated by the deputies, were adopted.

The parliament explained that at the moment the cost of drinking water in rural areas is higher than...

Over the last 24 hours Kazakhstan detected 835 more coronavirus cases. 74 fresh cases were registered in the Kazakh capital, 131 in Almaty, 25 in Shymkent, 68 in the Akmola region, 4 in the Aktobe region, 69 in the Almaty region, 85 in the Atyrau region, 41 in East Kazakhstan,...

In Kazakhstan, the number of foreign companies in 2020 increased by 12% and exceeded 19 thousand. The largest share is occupied by trade almost 8.2 thousand. This is followed by construction, manufacturing, transport, real estate transactions, etc.

Note also that there is an increase in the number in all industries. The...

Kazakhstan successfully completed its privatization plan for 2016-2020, said Kazakh Minister of Finance Yerulan Zhamaubayev at a Jan. 12 government meeting. In 2015, Kazakhstan developed a privatisation plan to decrease the participation of the state in the country’s economy – up to 15 percent of the gross domestic product. 

Despite the big...

More than 103 billion tenge will be allocated to support SMEs in 2021. The chairman of the board of the fund, Damu Gaukhar Buribayeva, shared her plans for 2021. The issue of providing loan guarantees to leasing companies is being considered.

They are already being offered subsidies, but the provision of...

The UAPF answered questions about the conditions for the withdrawal of a part of pension savings for housing and treatment. The pension fund noted that Kazakhstanis will be able to take advantage of the opportunity only after the official publication of the following documents:

Rules for making lump sum payments to...

The National Bank of Kazakhstan in 2020, in certain periods of low liquidity to ensure the functioning of the foreign exchange market, carried out interventions for the year for $1.905 billion. They were carried out in February, March, September and October.

According to the regulator, the largest volume of interventions was...

In 2021, the first stage of the introduction of universal declaration in the country began. The press service of the State Revenue Committee of the Ministry of Finance of Kazakhstan explained what declaration should be submitted by civil servants in the current year.

Prior to the introduction of universal tax declaration,...

Entrepreneurship Development Fund Damu plans to introduce several products for IT-companies: soft loans at 6% per annum and the provision of guarantees from the fund. The chairman of the FRP board Gaukhar Buribayeva announced this at a meeting with journalists. “We plan to support the IT sector through our products....

As a result of trades in shares on the Kazakhstan Stock Exchange  on Thursday, the value of the KASE index increased by 1.89% from 2,804.77 to 2,857.71.

The volume of deals in shares included in the KASE index representative list decreased against the previous trading day by 2.5 times and amounted...

The weighted average dollar rate on the Kazakhstan Stock Exchange on January 14, 2021 at 17:00 amounted to KZT419.92. According to the KASE, the minimum rate at the trades amounted to 419.50 tenge per US dollar, the maximum to 420.29 tenge, the closing rate to 419.65 tenge.

The volume of trades...

The dollar rose for a second straight session on Thursday, holding above three-year lows against major peers, in line with a rise in Treasury yields, amid upbeat expectations about President-elect Joe Biden’s fiscal stimulus.

The U.S. 10-year Treasury yield rose, as Biden is expected to unveil a stimulus package proposal on...

European shares rose for a third straight session on Thursday, as hopes of a large stimulus under incoming U.S. President Joe Biden and upbeat Chinese export data boosted sentiment.

The pan-European STOXX 600 index rose 0.4%, with automakers, travel and mining stocks making it to the top gainers' list.

Germany's DAX index...

Kazakhstan’s preliminary liquids production in December shows a drop of 0.03 mb/d, m-o-m, to average 1.65 mb/d, which is down by 0.24 mb/d y-o-y. Following an increase of 0.05 mb/d m-o-m in November, liquids output in December was affected due to a decline in NGLs output to an average of...

The tenge may strengthen to $398 per $1 if oil prices continue to rise. Sophia Donets, economist for Russia and the CIS at Renaissance Capital, noted that in the baseline scenario, the investment company adheres to the oil price at $50 in 2021. However, she added that recently there has...

At the end of December 2020, Kazakhstan fulfilled its obligations by 96% under the OPEC+ deal, which provides for a reduction in oil production, the press service of the Republic's Ministry of Energy told TASS. The fulfilment of obligations under the OPEC+ agreement in December amounted to 96%, the ministry...

Oil markets faced an unprecedented volatile environment in 2020, impacted massively by COVID-19 and its ensuing demand collapse, necessitating considerable reactions by policy makers. At one point in April, a confluence of factors even pushed WTI futures into negative territory for the first time in the history of the oil...

Oil prices dipped on Thursday as bullish signals from Chinese import data and U.S. crude oil stocks draws were outweighed by surging coronavirus cases in Europe and new lockdowns in China.

Brent crude oil futures fell 35 cents to $55.71 a barrel by 1438 GMT, while U.S. West Texas Intermediate (WTI)...

The decision of the EEC Board on amending the Decision of the Board of the Eurasian Economic Commission On the transitional provisions of the technical regulation of the Eurasian Economic Union On the safety of oil prepared for transportation and (or) use came into force.

According to the amendments, the transitional...

The issues of creating a common gas market in the Eurasian Economic Union and everything connected with it are among the most important from the point of view of the further development of the commonwealth. As Russian President Vladimir Putin said last spring, this problem remains the main stumbling block...

On the evening of January 13, a major accident occurred at the Lenin mine. During the drilling operations, gas and coal were released; one miner is reported missing. Immediately after the emergency, a crew of drillers ascended to the surface, but the drilling rig operator could not get out of...

Gold prices edged lower on Thursday as the dollar steadied and U.S. Treasury yields held near 10-month highs, with markets waiting for President-elect Joe Biden to reveal details of his stimulus plan.

Spot gold was 0.2% lower at $1,840.40 per ounce by 1232 GMT, while U.S. gold futures slipped 0.7% to...

Copper hovered around $8,000 a tonne on Thursday as a firmer dollar and a coronavirus outbreak in China, the biggest metals consumer, sapped confidence in a rally that has lifted prices to eight-year highs.

Benchmark copper on the London Metal Exchange (LME) was up 0.1% at $8,016 a tonne in official...

In the East Kazakhstan province, they launched new industries worth 37.5 billion tenge. This was reported in the regional administration.

Last year, 5 enterprises were launched in the province for 37.5 billion tenge. As an example, the administration told about the mining and processing complex at the Karchiginskoye deposit. Implementation in...

The decision of the Council of the Eurasian Economic Commission came into force on the approval of the Rules for determining the country of origin of certain types of goods for the purposes of state (municipal) procurement.

The rules are designed to provide national treatment with the participation of suppliers from...

On January 12, a government meeting was held, at which the Minister of Agriculture Saparkhan Omarov made a statement. Last year, Kazakhstan produced 3,322.6 thousand tonnes of flour. Compared to 2019, the volume of its production increased by 1.6% from 3,271.7 thousand tonnes.

It is common knowledge that flour is one...

In Kazakhstan, there is an increase in the production of agricultural machinery. Despite the period of the pandemic and widespread quarantines, the factories for the production of tractors and combines did not stop work. Thanks to this, the farmers reaped a stable harvest last year.

In 2020, Kazakhstani machine builders produced...

Valley Irrigation, a US-based global leader in irrigation technologies, inked an investment agreement with the Kusto Group, a Kazakhstan-based diversified international holding company, and the Kazakh Agriculture Ministry at a Jan. 12 video conference. Valmont Industries, which owns Valley Irrigation, has been in the field since 1954 and holds nearly...

Chicago corn futures lost ground on Thursday as the market paused for breath after hitting a 7-1/2 year peak in the previous session, although losses were limited by tight global supplies. Soybeans edged higher, while wheat slid for a second straight session.

"The USDA's (U.S. Department of Agriculture) cut to corn...

According to the Bureau of National Statistics, in 2020, revenue from passenger transportation by rail, air, water, road and city electric transport amounted to 287.7 billion tenge.

Compared to 2019, the figure fell by more than half, or 596.8 billion. Partially these losses were compensated by the growth of income from...

Despite a global decline in air travel and a grounding that lasted two months, Kazakhstan’s only low-cost carrier FlyArystan managed to fly 1.5 million passengers last year, and claims ambitious targets for 2021.

The LCC division of Kazakhstan’s national carrier Air Astana is set to proceed on its expansion course with...

The Khorgos International Centre for Cross-Border Cooperation lost about 3 billion tenge of income in 2020. This was reported in the management company of the SEZ MCBC.

The organisation noted that the special passage between the two parts of the centre has remained closed since January last year. Through it, trade...

In May 2020, a hacker attacked the Goszakup.gov.kz website and moved 7,901 government purchases worth 164 billion tenge. This was reported by the press service of the National Security Committee of Kazakhstan. The Committee, with the assistance of the Centre for Electronic Finance, identified the citizen who carried out the attack with...

In 2020, the cost of new housing in Kazakhstan increased by almost 5%. According to the bureau of national statistics, the most significant increase in real estate prices was in Pavlodar, by 30.8% to 242.6 thousand tenge per sq. m. Also by 22.5%, to 246.9 thousand tenge per sq. m.,...

Real estate registration process will be simplified in Kazakhstan. The senators considered and adopted new amendments to the bill on state registration of rights to real estate. According to the deputy Kanatbek Safinov, the changes should lead to the optimization and improvement of the processes of providing public services in...

Cash held by the the Russian National Wealth Fund in December 2020 increased by 89 bln rubles ($1.21 bln) and on January 1 reached 13.546 trillion rubles ($183.93 bln), the Ministry of Finance said on Wednesday.

"As of January 1, 2021, the volume of the National Wealth Fund amounted to 13.546...

Russia’s economy is recovering gradually after contraction amid the pandemic, Prime Minister Mikhail Mishustin said in a video address to participants of the Gaidar Forum that started on Thursday, adding that the authorities expect sustainable growth of the economy as early as by the end of 2021.

The response of the...

The Russian rouble traded steady on Thursday against a mixed backdrop, as an oil price rally stalled and hopes for global economic recovery were hit by lockdowns in Europe and China, but expectations of U.S. fiscal stimulus boosted risk appetite.

Events in the United States later on Thursday could support the...

China’s blue-chip index slumped on Thursday, moving further away from a 13-year closing high earlier this week, as the country reported its biggest jump in COVID-19 cases in more than 10 months. At the close, the blue-chip CSI300 index was down 1.93%, its biggest daily fall since Sept. 9. The...

China’s trade surplus has hit $535 billion, its highest level since 2015, amid the global coronavirus pandemic and an ongoing trade war with Washington.

According to the latest customs data, China’s exports rose 18.1 percent in December from a year earlier, slowing from a 21.1-percent surge in November but exceeding the...

Date: January 15, 2021; Source: Bloomberg.com

Date: January 15; Source: the National Bank of Kazakhstan