Issue 4342 - 29.11.2023
29.11.2023

Kazakh and Togolese leaders hold extended talks in Astana

Kassym-Jomart Tokayev and Faure Essozimna Gnassingbé held talks in extended format in Astana with the participation of the two countries’ official delegations.

Welcoming the Togolese delegation, the President of Kazakhstan noted symbolism of this visit paid on the eve of the 10th anniversary since establishment of diplomatic relations between the two friendly countries.

As Kassym-Jomart Tokayev said, today’s negotiations mark a new era in the bilateral relations and provide a good opportunity for studying the promising areas of  mutually beneficial cooperation. He said Kazakhstan is interested in strengthening the ties with Togo and considers it as an important partner in Africa.

Despite a vast geographical distance, Kazakhstan and Togo have much in common, like multireligious and polyethnic composition of the population, he noted.

More than 100 ethnic groups live in Kazakhstan. The development of interconfessional and interreligious dialogue is one of priority areas of our state policy, said the Kazakh President.

According to him, Kazakhstan and Togo need to sign bilateral documents including an agreement on mutual protection of investments to unlock the potential of the bilateral partnership.

Having emphasized the importance of development of the bilateral trade and strengthening the ties between business communities, the President of Kazakhstan suggested choosing a person eligible for the appointment as the Honorary Consul of Kazakhstan to Togo, which will let “promote development of B2B contacts between the countries.”

I believe that such countries as Kazakhstan and Togo may play more active and constructive role in promotion of international cooperation around the world, said Kassym-Jomart Tokayev.

Faure Gnassingbé thanked the Kazakh side for a warm welcome and confirmed Togo’s commitment to building cooperation in various spheres representing mutual interest.

He said Kazakhstan and Togo may become strategic partners. In his words, Kazakhstan has great economic potential, and Togolese delegation in interested in expanding cooperation in trade-economic sector, mining industry, agriculture, transport, and digitalization.

He then said that the talks aimed at the establishment of comprehensive ties proved the sides’ interest in deepening the interaction.

The two leaders discussed the prospects for the Kazakh-Togolese partnership. Special attention was given to building a political dialogue, deepening cooperation in trade-economic, investment, energy, transport-logistics, and cultural-humanitarian spheres as well as to the interaction in healthcare and military industry.

By Kazinform

Kazakhstan General

29.11.2023

Presidents of Kazakhstan and Togo hold restricted-attendance talks

Head of State Kassym-Jomart Tokayev held talks with President of Togolese Republic Faure Essozimna Gnassingbé, who arrived in Kazakhstan for an official visit. 

Kassym-Jomart Tokayev said greeting Faure Essozimna Gnassingbé that his historical visit to Kazakhstan marks a turning point in bilateral relations.

The Head of State said Kazakhstan is interested in...

Head of State Kassym-Jomart Tokayev held talks with President of Togolese Republic Faure Essozimna Gnassingbé, who arrived in Kazakhstan for an official visit. 

Kassym-Jomart Tokayev said greeting Faure Essozimna Gnassingbé that his historical visit to Kazakhstan marks a turning point in bilateral relations.

The Head of State said Kazakhstan is interested in...

29.11.2023

Kazakh President congratulates Albania on Independence Day

Kazakh President Kassym-Jomart Tokayev congratulated President of Albania Bajram Begaj on Independence Day.

Albania has achieved significant success in the sphere of sustainable development, raising people’s welfare and strengthening its standing in the international arena, the telegram reads.

The Head of State wished Albania to advance on the path of steady growth...

Kazakh President Kassym-Jomart Tokayev congratulated President of Albania Bajram Begaj on Independence Day.

Albania has achieved significant success in the sphere of sustainable development, raising people’s welfare and strengthening its standing in the international arena, the telegram reads.

The Head of State wished Albania to advance on the path of steady growth...

29.11.2023

Kazakhstan took part in the Second Meeting of States Parties to the TPNW

Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu took part in the Second Conference of the States Parties to the Treaty on the Prohibition of Nuclear Weapons (TPNW).

Murat Nurtleu spoke at the high-level session of the conference and drew the attention of the...

Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu took part in the Second Conference of the States Parties to the Treaty on the Prohibition of Nuclear Weapons (TPNW).

Murat Nurtleu spoke at the high-level session of the conference and drew the attention of the...

Finance and Investment

29.11.2023

Turkiye catches up with Russia by amount of remittances received from Kazakhstan

In October, 21.6 billion tenge was sent from Kazakhstan to Turkiye through international money transfer systems (IMTS). This is almost 7% (1.3 billion tenge) more than in September, and also the maximum for 11 months, according to data from the National Bank of Kazakhstan. Turkiye found itself practically on the...

In October, 21.6 billion tenge was sent from Kazakhstan to Turkiye through international money transfer systems (IMTS). This is almost 7% (1.3 billion tenge) more than in September, and also the maximum for 11 months, according to data from the National Bank of Kazakhstan. Turkiye found itself practically on the...

29.11.2023

Kazakhstan forces commodity exchanges to operate transparently and open to local businesses

Every year, over 1 trillion tenge does not reach Kazakh businesses due to transactions on commodity exchanges. Prime Minister Alikhan Smailov stated this. According to him, there are 10 commodity exchanges in Kazakhstan that trade grain, oil products, coal and other goods.

"Great expectations were associated with them. However, commodity exchanges...

Every year, over 1 trillion tenge does not reach Kazakh businesses due to transactions on commodity exchanges. Prime Minister Alikhan Smailov stated this. According to him, there are 10 commodity exchanges in Kazakhstan that trade grain, oil products, coal and other goods.

"Great expectations were associated with them. However, commodity exchanges...

29.11.2023

Budget expenditures in Kazakhstan exceed revenues

The government is living beyond its means, and Kazakhstanis will have to pay for it sooner or later. This opinion was voiced by expert Olzhas Baidildinov. In the conversation, he said that, despite the instructions of President Kassym-Jomart Tokayev to rationally spend the funds of the National Fund, there are...

The government is living beyond its means, and Kazakhstanis will have to pay for it sooner or later. This opinion was voiced by expert Olzhas Baidildinov. In the conversation, he said that, despite the instructions of President Kassym-Jomart Tokayev to rationally spend the funds of the National Fund, there are...

29.11.2023

USA and Uzbekistan transfer less money to Kazakhstan

Over the year, transfers from abroad to Kazakhstan have decreased significantly. According to the National Bank, in October of this year, Kazakhstan received 23.5 billion tenge from foreign countries, while for the same period in 2022 at 74.3 billion tenge. Thus, over the year the volume of remittances decreased by...

Over the year, transfers from abroad to Kazakhstan have decreased significantly. According to the National Bank, in October of this year, Kazakhstan received 23.5 billion tenge from foreign countries, while for the same period in 2022 at 74.3 billion tenge. Thus, over the year the volume of remittances decreased by...

29.11.2023

Kazakhstan intends to exempt executor of defence order of Kazakhstan from transferring funds to National Fund

The national company Kazakhstan Engineering, which carries out the state defence order, wants to be exempted from transferring funds to the National Fund from the sale of three companies so that the company can pay off its internal debt. This is stated in the minutes of the meeting of the...

The national company Kazakhstan Engineering, which carries out the state defence order, wants to be exempted from transferring funds to the National Fund from the sale of three companies so that the company can pay off its internal debt. This is stated in the minutes of the meeting of the...

29.11.2023

Kazakhstani financiers name reasons for strengthening of tenge

Financiers from the AFK (Association of Financiers of Kazakhstan) explained the strengthening of the tenge. Buyers of the national currency had an advantage at the opening of currency trading this week, despite the decline in oil prices and the risk appetite of global investors. At the end of trading on...

Financiers from the AFK (Association of Financiers of Kazakhstan) explained the strengthening of the tenge. Buyers of the national currency had an advantage at the opening of currency trading this week, despite the decline in oil prices and the risk appetite of global investors. At the end of trading on...

29.11.2023

Kazakhstan complicates procedure for issuing IINs to foreigners

The Ministry of Internal Affairs proposed to prohibit foreigners from obtaining an IIN through the e-government portal. Instead, they will have to personally come to the public service centre at their place of residence and submit an application.

Changes to the order of the head of the Ministry of Internal Affairs...

The Ministry of Internal Affairs proposed to prohibit foreigners from obtaining an IIN through the e-government portal. Instead, they will have to personally come to the public service centre at their place of residence and submit an application.

Changes to the order of the head of the Ministry of Internal Affairs...

29.11.2023

Weighted average US dollar rate on Kazakhstan Stock Exchange amounts to 459.04 tenge

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on November 28, 2023 at 17:00 amounted to 459.05 tenge. Compared to the data at 17:00 on November 27 (459.33 tenge per 1 dollar), the national currency strengthened by 0.28 tenge against the dollar.

According to KASE information, the...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on November 28, 2023 at 17:00 amounted to 459.05 tenge. Compared to the data at 17:00 on November 27 (459.33 tenge per 1 dollar), the national currency strengthened by 0.28 tenge against the dollar.

According to KASE information, the...

29.11.2023

European stock markets down, Wall Street up with dollar lingering on downside

The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week's U.S. and euro zone inflation data.

The dollar index, a measure of the greenback against six major currencies, was last at 103.17, a whisker...

The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week's U.S. and euro zone inflation data.

The dollar index, a measure of the greenback against six major currencies, was last at 103.17, a whisker...

Oil and Gas Sector

29.11.2023

Oil production at Kazakhstan's largest fields falls by 56%

Oil production at Kazakhstan's largest fields fell by 56%, said Shyngys Ilyasov, adviser to the Minister of Energy of Kazakhstan.

“At the moment, at the country’s large fields, the decline in production is 56%,” Ilyasov told reporters on Tuesday.

The largest oil and gas fields in Kazakhstan are Tengiz, Kashagan, Karachaganak.

As reported...

Oil production at Kazakhstan's largest fields fell by 56%, said Shyngys Ilyasov, adviser to the Minister of Energy of Kazakhstan.

“At the moment, at the country’s large fields, the decline in production is 56%,” Ilyasov told reporters on Tuesday.

The largest oil and gas fields in Kazakhstan are Tengiz, Kashagan, Karachaganak.

As reported...

29.11.2023

Caspian Pipeline Consortium increases oil pumping and prepares to reconstruct several sections of oil pipeline

Since the beginning of this year, as of November 24, the Caspian Pipeline Consortium (CPC) has shipped almost 57.5 million tonnes of oil for export, compared to 51 million tonnes on the same date a year earlier, CPC reported.

“The current volumes of oil transportation through the CPC system significantly exceed...

Since the beginning of this year, as of November 24, the Caspian Pipeline Consortium (CPC) has shipped almost 57.5 million tonnes of oil for export, compared to 51 million tonnes on the same date a year earlier, CPC reported.

“The current volumes of oil transportation through the CPC system significantly exceed...

29.11.2023

Kaztransoil increases profit by third

Kazakhstan gas pipeline operator KazTransOil reported consolidated financial results for the first nine months of 2023. The document was published on the website of the Kazakhstan Stock Exchange (KASE).

The company's consolidated revenue in January-September increased by 16.6% in annual terms, to 209.4 billion tenge. Consolidated net profit increased by 32.3%...

Kazakhstan gas pipeline operator KazTransOil reported consolidated financial results for the first nine months of 2023. The document was published on the website of the Kazakhstan Stock Exchange (KASE).

The company's consolidated revenue in January-September increased by 16.6% in annual terms, to 209.4 billion tenge. Consolidated net profit increased by 32.3%...

29.11.2023

GLOPEC struggles for consensus as views continue to differ

OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts to support the market, four OPEC+ sources said on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia and Kazakhstan, known as OPEC+ or popularly GLOPEC, is currently...

OPEC+ talks on oil policy are difficult, making a rollover a possibility rather than deeper production cuts to support the market, four OPEC+ sources said on Tuesday. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia and Kazakhstan, known as OPEC+ or popularly GLOPEC, is currently...

29.11.2023

Brent retakes $80/b threshold pending GLOPEC move

Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand.

OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, will...

Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand.

OPEC+, which combines the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, will...

Metals and Minerals

29.11.2023

Kazakhstan implements tin project worth 150 billion tenge

A tin project is being implemented in the North Kazakhstan region for 150 billion tenge. This was reported to the regional administration.

Currently, the subsoil user has approved the documentation for the construction of the necessary infrastructure. Development of design and estimate documentation for the construction of a mining and metallurgical...

A tin project is being implemented in the North Kazakhstan region for 150 billion tenge. This was reported to the regional administration.

Currently, the subsoil user has approved the documentation for the construction of the necessary infrastructure. Development of design and estimate documentation for the construction of a mining and metallurgical...

29.11.2023

Kazakhmys suspends work in underground mines

The management of the Kazakhmys Group of Companies decided to suspend mining and capital works at all underground mines of the corporation for inspection. This is due to the death of two workers at the Zhaisan mine.

“Internal emergency commission inspections have been created at the mines. The commissions are headed...

The management of the Kazakhmys Group of Companies decided to suspend mining and capital works at all underground mines of the corporation for inspection. This is due to the death of two workers at the Zhaisan mine.

“Internal emergency commission inspections have been created at the mines. The commissions are headed...

29.11.2023

Bullion keeps riding high on ailing greenback

Gold rose for a fourth consecutive session on Tuesday and hit a more than six-month high, driven by a retreating dollar and expectations that the U.S. Federal Reserve has finished hiking interest rates.

Spot gold gained 0.8% to $2,030.49 per ounce by 10:50 a.m. ET (1550 GMT), highest since May 11.

U.S....

Gold rose for a fourth consecutive session on Tuesday and hit a more than six-month high, driven by a retreating dollar and expectations that the U.S. Federal Reserve has finished hiking interest rates.

Spot gold gained 0.8% to $2,030.49 per ounce by 10:50 a.m. ET (1550 GMT), highest since May 11.

U.S....

29.11.2023

Ferrous, coal futures mixed under Chinese price control

Dalian iron ore futures hit a one-week low on Tuesday as the Chinese government continued to monitor prices and intervene in the market to curb a price rally.

The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 recorded its steepest decline in more than a month and fell 2.6%...

Dalian iron ore futures hit a one-week low on Tuesday as the Chinese government continued to monitor prices and intervene in the market to curb a price rally.

The most-traded January iron ore on China’s Dalian Commodity Exchange DCIOcv1 recorded its steepest decline in more than a month and fell 2.6%...

29.11.2023

Copper, nickel log gains as other base metals depreciate

Copper prices edged higher on Tuesday on hopes that top metals consumer China will extend support measures for its economy while nickel rebounded from three-year lows.

Benchmark copper on the London Metal Exchange was up 0.1% at $8,374 a metric ton at 1200 GMT after falling by 0.8% on Monday from...

Copper prices edged higher on Tuesday on hopes that top metals consumer China will extend support measures for its economy while nickel rebounded from three-year lows.

Benchmark copper on the London Metal Exchange was up 0.1% at $8,374 a metric ton at 1200 GMT after falling by 0.8% on Monday from...

Energy Industry

29.11.2023

Kazakh national power grid reports positive financial results

KEGOC provided positive financial results, recording double-digit growth rates in revenue and profit. The company's income continued to grow at a rate faster than cost, which had a positive impact on the company's business margins. In addition to rising tariffs and increasing operating indicators, the noticeable increase in KEGOC's profitability...

KEGOC provided positive financial results, recording double-digit growth rates in revenue and profit. The company's income continued to grow at a rate faster than cost, which had a positive impact on the company's business margins. In addition to rising tariffs and increasing operating indicators, the noticeable increase in KEGOC's profitability...

29.11.2023

Kazakhstan agrees with Russia to cover electricity shortage

The Parliament of Kazakhstan will ratify an agreement with Russia, according to which Russia will cover the hourly shortage of electricity in the republic, according to documents accompanying the draft law.

“The main purpose of the agreement between the governments of Kazakhstan and Russia on measures to ensure parallel operation of...

The Parliament of Kazakhstan will ratify an agreement with Russia, according to which Russia will cover the hourly shortage of electricity in the republic, according to documents accompanying the draft law.

“The main purpose of the agreement between the governments of Kazakhstan and Russia on measures to ensure parallel operation of...

29.11.2023

Prosecutor's office defends rights of Chinese investor building wind farm worth 75 billion tenge in Kazakhstan

The prosecutor's office of the Ulytau region protected the rights of the Chinese investor from the fiscal authorities, which paralyzed the activities of Mezgilder Qushteri. The company is building a wind farm in Kazakhstan worth 75 billion tenge, the press service of the supervisory authority reports.

According to the prosecutor's office,...

The prosecutor's office of the Ulytau region protected the rights of the Chinese investor from the fiscal authorities, which paralyzed the activities of Mezgilder Qushteri. The company is building a wind farm in Kazakhstan worth 75 billion tenge, the press service of the supervisory authority reports.

According to the prosecutor's office,...

Manufacturing industry

29.11.2023

New factories appear in Almaty of Kazakhstan

They are building a car production plant in Almaty, and also intend to organise the production of its components and accessories. The city administration provided details about the creation of the cluster.

The government agency reported that the impetus for its development was the launch of an automobile plant in 2020...

They are building a car production plant in Almaty, and also intend to organise the production of its components and accessories. The city administration provided details about the creation of the cluster.

The government agency reported that the impetus for its development was the launch of an automobile plant in 2020...

Trade and Consumer Goods

29.11.2023

Trade turnover between Kazakhstan and Uzbekistan down by 4%, investments soar

Based on the results of January–September of this year, trade turnover between Kazakhstan and Uzbekistan amounted to $3.3 billion, which is 4% less than a year earlier.The majority of trade turnover traditionally came from exports from Kazakhstan: $2.3 billion - 7% less than in the same period in 2022. At...

Based on the results of January–September of this year, trade turnover between Kazakhstan and Uzbekistan amounted to $3.3 billion, which is 4% less than a year earlier.The majority of trade turnover traditionally came from exports from Kazakhstan: $2.3 billion - 7% less than in the same period in 2022. At...

29.11.2023

Kazakhstan brings in vitamins from Mongolia, and cars from Indonesia

Exports to Mongolia in January-September 2023 decreased by 20%, to 13.3 thousand tonnes, compared to the same period in 2022. Kazakhstan earned $99.7 million from supplies.

The main volume of supplies fell on smartphones at 128.8 thousand units (-22.9%), diesel-electric locomotives at 4 units and monitors at 9.3 thousand units (+28...

Exports to Mongolia in January-September 2023 decreased by 20%, to 13.3 thousand tonnes, compared to the same period in 2022. Kazakhstan earned $99.7 million from supplies.

The main volume of supplies fell on smartphones at 128.8 thousand units (-22.9%), diesel-electric locomotives at 4 units and monitors at 9.3 thousand units (+28...

29.11.2023

Kazakhstan's trade turnover with China increases by quarter

Since the beginning of the year, trade turnover between Kazakhstan and China has increased by 24%. This was announced during negotiations between the Prime Minister of Kazakhstan Alikhan Smailov and the Deputy Prime Minister of the State Council of China Ding Xuexiang, who is in Astana on a working visit.

“Over...

Since the beginning of the year, trade turnover between Kazakhstan and China has increased by 24%. This was announced during negotiations between the Prime Minister of Kazakhstan Alikhan Smailov and the Deputy Prime Minister of the State Council of China Ding Xuexiang, who is in Astana on a working visit.

“Over...

Agriculture

29.11.2023

Household spending on vegetables in Kazakhstan up by 3%

According to the results of January-September 2023, Kazakhstan reduced imports of vegetables in many categories. For example, imports of white cabbage decreased by 57.6% to 38.6 thousand tonnes, carrots by 45.1% to 22 thousand tonnes, peppers by 36.9% to 17.6 thousand tonnes, garlic by 36.4% to 2.6 thousand tonnes, gourds...

According to the results of January-September 2023, Kazakhstan reduced imports of vegetables in many categories. For example, imports of white cabbage decreased by 57.6% to 38.6 thousand tonnes, carrots by 45.1% to 22 thousand tonnes, peppers by 36.9% to 17.6 thousand tonnes, garlic by 36.4% to 2.6 thousand tonnes, gourds...

29.11.2023

China ready to consider resuming import of livestock products from Kazakhstan

The official meeting of the Minister of Agriculture of Kazakhstan Aidarbek Saparov with the Chairman of the General Administration of Customs of China, Yu Jianhua, took place on November 27, reports the press service of the Ministry of Agriculture of Kazakhstan.

At the meeting, issues of increasing the trade turnover of...

The official meeting of the Minister of Agriculture of Kazakhstan Aidarbek Saparov with the Chairman of the General Administration of Customs of China, Yu Jianhua, took place on November 27, reports the press service of the Ministry of Agriculture of Kazakhstan.

At the meeting, issues of increasing the trade turnover of...

29.11.2023

Kazakhstan exports stone fruit crops to China

In early November, after negotiations with the Minister of Trade and Integration Arman Shakkaliev in Beijing, the General Administration of Customs of China expressed its readiness to purchase stone fruits from Kazakhstan. Now the Ministry of Agriculture of Kazakhstan has signed a corresponding Protocol with the State Technical University of...

In early November, after negotiations with the Minister of Trade and Integration Arman Shakkaliev in Beijing, the General Administration of Customs of China expressed its readiness to purchase stone fruits from Kazakhstan. Now the Ministry of Agriculture of Kazakhstan has signed a corresponding Protocol with the State Technical University of...

29.11.2023

Kazakhstan proposes to remove agricultural goods from general list of exchange commodities

The Ministry of Trade and Integration proposes to separate socially significant food products from the general list of exchange goods. Their trading will be carried out on special exchanges determined by the government on a competitive basis. Minister of Trade and Integration Arman Shakkaliev announced this during a government meeting.

"The...

The Ministry of Trade and Integration proposes to separate socially significant food products from the general list of exchange goods. Their trading will be carried out on special exchanges determined by the government on a competitive basis. Minister of Trade and Integration Arman Shakkaliev announced this during a government meeting.

"The...

29.11.2023

US wheat contract rebounds pending trade updates

Chicago wheat edged higher on Tuesday in a technical recovery from a day-earlier slide, with traders watching to see if recent price lows will stir export demand.

Corn also steadied after a sharp fall on Monday, with the market still capped by the arrival of a bumper U.S. harvest.

Soybeans rose as...

Chicago wheat edged higher on Tuesday in a technical recovery from a day-earlier slide, with traders watching to see if recent price lows will stir export demand.

Corn also steadied after a sharp fall on Monday, with the market still capped by the arrival of a bumper U.S. harvest.

Soybeans rose as...

Communications and Transportation

29.11.2023

Trans-Caspian corridor remains tight

The volume of freight traffic along the Trans-Caspian International Transport Route (TITR, another name is the Middle Corridor) could triple by 2030, to 11 million tonnes, the World Bank predicts. The significance of the TITR, which runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkiye and Europe, is only...

The volume of freight traffic along the Trans-Caspian International Transport Route (TITR, another name is the Middle Corridor) could triple by 2030, to 11 million tonnes, the World Bank predicts. The significance of the TITR, which runs through China, Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, Turkiye and Europe, is only...

29.11.2023

Five medications may be banned in Kazakhstan

Kazakhstan plans to make changes to the list of narcotic drugs, psychotropic substances and precursors subject to control. The corresponding resolution of the Minister of Internal Affairs was published on the Open NLA portal.

As indicated in the comparative table, they want to add several items to the list of narcotic...

Kazakhstan plans to make changes to the list of narcotic drugs, psychotropic substances and precursors subject to control. The corresponding resolution of the Minister of Internal Affairs was published on the Open NLA portal.

As indicated in the comparative table, they want to add several items to the list of narcotic...

29.11.2023

Transport and logistics hub appears in Kazakhstan

A transport and logistics hub (TLH) will be created in the Almaty region. Such plans were announced in the relevant department. According to the Ministry of Transport, together with the Kazakhstan Temir Zholy and the regional administration, the issue of the TLC project is being worked out, since the main...

A transport and logistics hub (TLH) will be created in the Almaty region. Such plans were announced in the relevant department. According to the Ministry of Transport, together with the Kazakhstan Temir Zholy and the regional administration, the issue of the TLC project is being worked out, since the main...

29.11.2023

Kazakhstan needs billions of tenge to complete LRT in Astana

Transport Minister Marat Karabaev told how 52 billion tenge allocated from the National Fund for the LRT project in Astana was spent. “Yes, at the beginning of this year, 52 billion tenge were allocated. Piling work for the construction of supports was completed by 96%. The construction of the supports...

Transport Minister Marat Karabaev told how 52 billion tenge allocated from the National Fund for the LRT project in Astana was spent. “Yes, at the beginning of this year, 52 billion tenge were allocated. Piling work for the construction of supports was completed by 96%. The construction of the supports...

29.11.2023

Travel on toll roads in Kazakhstan becomes more expensive

In Kazakhstan, starting from 2024, there will be 1.2 thousand km more toll roads. According to Transport Minister Marat Karabaev, about 60 billion tenge is required annually to maintain the country’s highways.

“To reduce the burden on the budget, toll sections are being gradually introduced. To date, the toll system has...

In Kazakhstan, starting from 2024, there will be 1.2 thousand km more toll roads. According to Transport Minister Marat Karabaev, about 60 billion tenge is required annually to maintain the country’s highways.

“To reduce the burden on the budget, toll sections are being gradually introduced. To date, the toll system has...

29.11.2023

Kazakh seaport of Kuryk handles over 1.8 million tonnes of cargo

For 10 months of 2023, the volume of cargo transhipment through the seaport of Kuryk exceeded 1.8 million tonnes, which is 15% higher than the same period last year, reports the press service of Kazakhstan Temir Zholy.

It is specified that over 1.2 million tonnes were delivered to the port by...

For 10 months of 2023, the volume of cargo transhipment through the seaport of Kuryk exceeded 1.8 million tonnes, which is 15% higher than the same period last year, reports the press service of Kazakhstan Temir Zholy.

It is specified that over 1.2 million tonnes were delivered to the port by...

29.11.2023

Kazakhstani delegation takes part in second Global Digital Trade Exhibition

The event was organised by the Ministry of Commerce of China and the Zhejiang Provincial Government. The Kazakh delegation included representatives of the Ministry of Trade and Integration of Kazakhstan, the Embassy of Kazakhstan in the PRC and the Digital Kazakhstan Association.

More than 60 countries, international organisations, chambers of commerce...

The event was organised by the Ministry of Commerce of China and the Zhejiang Provincial Government. The Kazakh delegation included representatives of the Ministry of Trade and Integration of Kazakhstan, the Embassy of Kazakhstan in the PRC and the Digital Kazakhstan Association.

More than 60 countries, international organisations, chambers of commerce...

Regional News

29.11.2023

Russian market lingers in red

The Russian stock market remained in the red zone on Tuesday. External factors have not changed significantly. There are no internal bright ideas either. By 14.20 Moscow time, the Moscow Exchange index was losing 0.77% to 3,166.57 points, the RTS index was in the red by 0.5% to 1,126.19 points.

The shares...

The Russian stock market remained in the red zone on Tuesday. External factors have not changed significantly. There are no internal bright ideas either. By 14.20 Moscow time, the Moscow Exchange index was losing 0.77% to 3,166.57 points, the RTS index was in the red by 0.5% to 1,126.19 points.

The shares...

29.11.2023

Economists expect employees to have advantage over Russian employers in labour market

The overheated labour market, most economists are convinced, will become almost the main limitation to the accelerated economic growth of Russia in the foreseeable future. Analysts from the ACRA agency, having updated their medium-term macro forecast until 2026, note that low economic growth in the forecast period will be accompanied...

The overheated labour market, most economists are convinced, will become almost the main limitation to the accelerated economic growth of Russia in the foreseeable future. Analysts from the ACRA agency, having updated their medium-term macro forecast until 2026, note that low economic growth in the forecast period will be accompanied...

29.11.2023

Sources of economic overheating still beyond control of Russia

The noticeable November surge in inflation expectations, recorded by the Central Bank after their short-term stabilisation, appears to be no coincidence. The population from the middle class and workers to the poorest households is not only again interested in consumption, but also has or expects to receive the resources for...

The noticeable November surge in inflation expectations, recorded by the Central Bank after their short-term stabilisation, appears to be no coincidence. The population from the middle class and workers to the poorest households is not only again interested in consumption, but also has or expects to receive the resources for...

29.11.2023

Transcontainer's quarterly net profit under IFRS increases by 35%

The net profit of TransContainer (part of the Delo Group) according to IFRS in the third quarter of 2023 increased by 35% year-on-year, to 4.709 billion rouble, the company’s report says.

For 9 months, net profit amounted to 19.378 billion rouble, which is 1.7 times more than in January-September 2022.

The company's...

The net profit of TransContainer (part of the Delo Group) according to IFRS in the third quarter of 2023 increased by 35% year-on-year, to 4.709 billion rouble, the company’s report says.

For 9 months, net profit amounted to 19.378 billion rouble, which is 1.7 times more than in January-September 2022.

The company's...

29.11.2023

Moscow Exchange launches three new instruments for yuan/rouble pair on December 4

On December 4, the Moscow Exchange will launch new instruments on the foreign exchange market for the Chinese yuan/Russian rouble pair, which will allow participants to enter into transactions at the weighted average rate of the yuan and at currency fixing, according to a press release from the trading platform.

In...

On December 4, the Moscow Exchange will launch new instruments on the foreign exchange market for the Chinese yuan/Russian rouble pair, which will allow participants to enter into transactions at the weighted average rate of the yuan and at currency fixing, according to a press release from the trading platform.

In...

29.11.2023

Central Bank support keeps yuan up

China's yuan firmed slightly against the dollar on Tuesday, after the People's Bank of China (PBOC) emphasised its determination to keep the currency stable in a quarterly policy implementation report released a day earlier.

Addressing the exchange rate, the report said PBOC would "resolutely correct pro-cyclical market activities, deal with behaviors that disrupt...

China's yuan firmed slightly against the dollar on Tuesday, after the People's Bank of China (PBOC) emphasised its determination to keep the currency stable in a quarterly policy implementation report released a day earlier.

Addressing the exchange rate, the report said PBOC would "resolutely correct pro-cyclical market activities, deal with behaviors that disrupt...

Prices and Statistics

29.11.2023

Commodities

Date: November 29, 2023; Source: Bloomberg.com
...

Date: November 29, 2023; Source: Bloomberg.com

29.11.2023

Exchange Rates

Date: November 29, 2023; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 459.04
1 EURO EUR / KZT 502.92
1 RUSSIAN ROUBLE RUB / KZT 5.18
1 CHINESE YUAN CNY / KZT 64.18
1 KYRGYZIAN SOM KGS / KZT 5.17
1 GREAT BRITAIN POUND GBP / KZT 579.63
1 CANADIAN DOLLAR CAD / KZT 337.98
1 AUSTRALIAN DOLLAR AUD / KZT 303.84
...

Date: November 29, 2023; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

459.04

1 EURO

EUR / KZT

502.92

1 RUSSIAN ROUBLE

RUB / KZT

5.18

1 CHINESE YUAN

CNY / KZT

64.18

1 KYRGYZIAN SOM

KGS / KZT

5.17

1 GREAT BRITAIN POUND

GBP / KZT

579.63

1 CANADIAN DOLLAR

CAD / KZT

337.98

1 AUSTRALIAN DOLLAR

AUD / KZT

303.84