Issue 3587 - 27.10.2020
27.10.2020

Kazakh PM updates President on epidemiological situation

President Kassym-Jomart Tokayev received Prime Minister Askar Mamin. Tokayev was briefed on the measures taken to stabilize the sanitary-epidemiological situation and on topical issues of the country's socio-economic development.

Askar Mamin told the President that the sanitary and epidemiological situation in the country is under control. As part of preparedness for a new coronavirus infection wave, work is being carried out on drug provision of medical organizations and the population, supply of ventilators and oxygen concentrators to hospitals, equipping regions with mobile diagnostic systems, digital X-ray machines, mobile teams and ambulances. Construction of modular infectious hospitals has been completed in 10 out of 13 regions, the remaining three will be commissioned by the end of November this year.

Republican and regional stabilization funds were established, in which a two-month supply of 91 types of medicines and personal protective equipment for the health care system was formed. In order to prevent a shortage of drugs in pharmacies, an additional stock of 33 most demanded drugs is being formed to saturate the retail pharmacy network.

Work is going on to enhance the PCR testing volume. According to the PM, due to the increase in the number of laboratories to 124, the testing coverage of the population has grown 2.5 times, the cost of PCR tests was reduced.

Sanitary and epidemiological control at border checkpoints was tightened. At the same time business entities are gradually resuming work in the regions with a "green" stable epidemiological situation, provided that there is no increase in morbidity.Steps were taken to support business entities, attract foreign investment, provide employment and to address other pressing issues of the country's socio-economic development.

The President underscored the importance of steady fulfillment of the plans outlined by the Government, taking into account the pessimistic forecasts of the head of WHO regarding the consequences of the coronavirus pandemic spread in the coming months.

Reported by the Kazakhstanskaya Pravda.

Kazakhstan General

27.10.2020

President received Justice Minister

President Kassym-Jomart Tokayev received the Minister of Justice Marat Beketayev.

Kassym-Jomart Tokayev accepted the ministry's report on 9 months’ performance.

The Justice Minister accounted on the work carried out to combat the coronavirus pandemic in terms of supporting a number of bills, their legal examination and passing in Parliament, also on the...

President Kassym-Jomart Tokayev received the Minister of Justice Marat Beketayev.

Kassym-Jomart Tokayev accepted the ministry's report on 9 months’ performance.

The Justice Minister accounted on the work carried out to combat the coronavirus pandemic in terms of supporting a number of bills, their legal examination and passing in Parliament, also on the...

27.10.2020

Kazakh PM chaired meeting of Interdepartmental Commission on Preventing Spread of COVID-19

Prime Minister Askar Mamin chaired a selector meeting of the Interdepartmental Commission on Preventing the Spread of Coronavirus Infection in the territory of Kazakhstan. Minister of Healthcare Alexey Tsoy, Minister of Internal Affairs Yerlan Turgumbayev, Minister of Information and Social Development Aida Balayeva, First Vice Minister of Industry and Infrastructure...

Prime Minister Askar Mamin chaired a selector meeting of the Interdepartmental Commission on Preventing the Spread of Coronavirus Infection in the territory of Kazakhstan. Minister of Healthcare Alexey Tsoy, Minister of Internal Affairs Yerlan Turgumbayev, Minister of Information and Social Development Aida Balayeva, First Vice Minister of Industry and Infrastructure...

27.10.2020

Kazakh PM received Minister of Defense of Turkey Hulusi Akar

Prime Minister Askar Mamin received the Minister of Defense of the Republic of Turkey Hulusi Akar. The Head of Government noted the high level of cooperation between Kazakhstan and Turkey.

“The established friendly relations between the leaders of our states play an important role in expanding bilateral cooperation. Along with constructive...

Prime Minister Askar Mamin received the Minister of Defense of the Republic of Turkey Hulusi Akar. The Head of Government noted the high level of cooperation between Kazakhstan and Turkey.

“The established friendly relations between the leaders of our states play an important role in expanding bilateral cooperation. Along with constructive...

27.10.2020

Kazakh, Turkish defense ministers hold talks in Nur-Sultan

Kazakhstan’s Defense Minister Nurlan Yermekbayev has held talks with his Turkish counterpart - Minister of Defense Hulusi Akar.

At the onset of the meeting, Minister Yermekbayev welcomed the Turkish official in the Kazakh capital and thanked him for paying the first visit to Kazakhstan despite tight schedule. The Kazakh Defense Minister...

Kazakhstan’s Defense Minister Nurlan Yermekbayev has held talks with his Turkish counterpart - Minister of Defense Hulusi Akar.

At the onset of the meeting, Minister Yermekbayev welcomed the Turkish official in the Kazakh capital and thanked him for paying the first visit to Kazakhstan despite tight schedule. The Kazakh Defense Minister...

27.10.2020

Technicians tend to leave Kazakhstan

In January-June 2020, 8.4 thousand people over the age of 15 left the country, 1.8 times less than a year earlier. Among them, the number of pensioners amounted to 459 people, having decreased by half; the number of able-bodied population to 7.9 thousand people, 1.8 times less than a year...

In January-June 2020, 8.4 thousand people over the age of 15 left the country, 1.8 times less than a year earlier. Among them, the number of pensioners amounted to 459 people, having decreased by half; the number of able-bodied population to 7.9 thousand people, 1.8 times less than a year...

27.10.2020

Most deficient professions in Kazakhstan are road worker, security guard, waiter, welder and car driver

In the third quarter of this year, 176 thousand vacancies for skilled workers were posted on the electronic labour exchange, 12.2%, or 19.1 thousand, more than in the second quarter. The number of posted CVs reached 123.1 thousand, having increased by 20.2% as compared to the second quarter. In general,...

In the third quarter of this year, 176 thousand vacancies for skilled workers were posted on the electronic labour exchange, 12.2%, or 19.1 thousand, more than in the second quarter. The number of posted CVs reached 123.1 thousand, having increased by 20.2% as compared to the second quarter. In general,...

27.10.2020

Amount of material damage from bribery increases in Kazakhstan by 138 times on-year

In January-September 2020, 1.7 thousand corruption and other criminal offenses against the interests of the civil service and public administration were registered in the country, 12.4% less than a year earlier.

65.8% of them accounted for bribery, at 1.1 thousand offenses, plus 10.5% compared to January-September 2019. Of these, 603 offenses...

In January-September 2020, 1.7 thousand corruption and other criminal offenses against the interests of the civil service and public administration were registered in the country, 12.4% less than a year earlier.

65.8% of them accounted for bribery, at 1.1 thousand offenses, plus 10.5% compared to January-September 2019. Of these, 603 offenses...

27.10.2020

Kazakhstan revises quarantine policy

Prime Minister Askar Mamin chaired an online session of the Inter-departmental Commission (IDC) on coronavirus infection spread prevention. Ministers of Health Aleksey Tsoi, Internal Affairs Yerlan Turgumbayev, Information and Social Development Aida Balayeva, First Vice Minister of Industry and Infrastructure Development Kiarbek Uskenbaev, as well as governors of the Pavlodar...

Prime Minister Askar Mamin chaired an online session of the Inter-departmental Commission (IDC) on coronavirus infection spread prevention. Ministers of Health Aleksey Tsoi, Internal Affairs Yerlan Turgumbayev, Information and Social Development Aida Balayeva, First Vice Minister of Industry and Infrastructure Development Kiarbek Uskenbaev, as well as governors of the Pavlodar...

27.10.2020

East Kazakhstan, capital report biggest number of fresh COVID-19 cases

The number of new COVID-19 cases in the last 24 hours has climbed to 142 across Kazakhstan. The East Kazakhstan region and Nur-Sultan city for the second day in a row have reported the biggest number of new coronavirus cases accounting for 30 and 20, respectively.

10 new COVID-19 cases have...

The number of new COVID-19 cases in the last 24 hours has climbed to 142 across Kazakhstan. The East Kazakhstan region and Nur-Sultan city for the second day in a row have reported the biggest number of new coronavirus cases accounting for 30 and 20, respectively.

10 new COVID-19 cases have...

Finance and Investment

27.10.2020

Development of small and medium enterprise sector of Kazakhstan assessed

In connection with the crisis, small and medium-sized businesses in Kazakhstan faced serious economic problems, as a result of which, in the first half of this year, the profit of small businesses fell by almost a third in annual terms. The main decline in profits was recorded in such sectors...

In connection with the crisis, small and medium-sized businesses in Kazakhstan faced serious economic problems, as a result of which, in the first half of this year, the profit of small businesses fell by almost a third in annual terms. The main decline in profits was recorded in such sectors...

27.10.2020

Kazakhstan develops new rules for the rehabilitation of overdue borrowers

New rules for the rehabilitation of overdue borrowers are being developed in Kazakhstan. The Agency for Regulation and Development of the Financial Market has submitted a draft resolution for public discussion. The document was published on the official portal of legal information on Friday, October 23rd. The discussion will run...

New rules for the rehabilitation of overdue borrowers are being developed in Kazakhstan. The Agency for Regulation and Development of the Financial Market has submitted a draft resolution for public discussion. The document was published on the official portal of legal information on Friday, October 23rd. The discussion will run...

27.10.2020

AIFC donates private foundations to the government of Kazakhstan

The government of Kazakhstan received from the AIFC 100% of the shares of private investment funds. This was reported in the corresponding document dated October 20, 2020.

"Accept the proposal of the AIFC administration to transfer to national ownership 100% of shares of the private company Direct Investment Fund Kazakhstan Investment...

The government of Kazakhstan received from the AIFC 100% of the shares of private investment funds. This was reported in the corresponding document dated October 20, 2020.

"Accept the proposal of the AIFC administration to transfer to national ownership 100% of shares of the private company Direct Investment Fund Kazakhstan Investment...

27.10.2020

Microcredits procedure changed in Kazakhstan

The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market has made changes in the procedure for issuing microcredits. There are new requirements for the content, design and mandatory terms of the agreement with the client, also forms of the microcredit repayment schedule.

The procedure is established...

The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market has made changes in the procedure for issuing microcredits. There are new requirements for the content, design and mandatory terms of the agreement with the client, also forms of the microcredit repayment schedule.

The procedure is established...

27.10.2020

Weighted average rate at the Kazakhstan Stock Exchange reaches 429.6 tenge per dollar

The weighted average dollar rate on the Kazakhstan Stock Exchange on October 26, 2020 at 17:00 amounted to 429.65 tenge. According to KASE's information, the minimum rate at the trades amounted to 428.50 tenge per US dollar, the maximum to 429.90 tenge, the closing rate to 429.80 tenge.

The value of...

The weighted average dollar rate on the Kazakhstan Stock Exchange on October 26, 2020 at 17:00 amounted to 429.65 tenge. According to KASE's information, the minimum rate at the trades amounted to 428.50 tenge per US dollar, the maximum to 429.90 tenge, the closing rate to 429.80 tenge.

The value of...

27.10.2020

Greenback gains on retreating paper markets as bug fears keep pinching

The dollar gained on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress on a U.S. stimulus package made traders turn to the safe-haven currency.

U.S. House Speaker Nancy Pelosi said on Sunday she expected a White House response on Monday to the latest...

The dollar gained on Monday, as surging coronavirus cases in Europe and the United States and a lack of progress on a U.S. stimulus package made traders turn to the safe-haven currency.

U.S. House Speaker Nancy Pelosi said on Sunday she expected a White House response on Monday to the latest...

27.10.2020

Stock markets waver on rising bug concerns

Global shares fell on Monday as surging coronavirus cases in Europe and the United States clouded the global economic outlook, while China's leaders meet to plan the country's economic future.

The United States has seen its highest-ever number of new COVID-19 cases in the past two days. France also set case...

Global shares fell on Monday as surging coronavirus cases in Europe and the United States clouded the global economic outlook, while China's leaders meet to plan the country's economic future.

The United States has seen its highest-ever number of new COVID-19 cases in the past two days. France also set case...

27.10.2020

External debt in EAEU countries increases as of July 1

The external debt for the EAEU as a whole as of July 1, 2020, compared to July 1, 2019, increased by 0.04% or $305.4 million. Such information is provided in the statistical information of the Eurasian Economic Commission.

The external debt in Armenia increased by 9.4%, Belarus by 2.6%, Kazakhstan by...

The external debt for the EAEU as a whole as of July 1, 2020, compared to July 1, 2019, increased by 0.04% or $305.4 million. Such information is provided in the statistical information of the Eurasian Economic Commission.

The external debt in Armenia increased by 9.4%, Belarus by 2.6%, Kazakhstan by...

27.10.2020

Due to the open monetary and financial system in a number of EAEU countries, any manipulations in the global financial market affect the economies

"The current state of monetary and financial relations cannot satisfy us," member of the Board (Minister) for Integration and Macroeconomics of the Eurasian Economic Commission Sergey Glazyev said, on October 26, at sessions on the prospects for expanding financial cooperation between the EAEU and China at the forum Conjugation of...

"The current state of monetary and financial relations cannot satisfy us," member of the Board (Minister) for Integration and Macroeconomics of the Eurasian Economic Commission Sergey Glazyev said, on October 26, at sessions on the prospects for expanding financial cooperation between the EAEU and China at the forum Conjugation of...

Oil and Gas Sector

27.10.2020

Expatriates, losses and retirement: dark times for oilfield services market in Kazakhstan

The coronavirus pandemic has hit hard in all areas. But it was felt most acutely by the country's oil industry, which has been firmly on the black needle for the third decade. The once prosperous and profitable industry has turned into a climbing and barely surviving industry. Together with it,...

The coronavirus pandemic has hit hard in all areas. But it was felt most acutely by the country's oil industry, which has been firmly on the black needle for the third decade. The once prosperous and profitable industry has turned into a climbing and barely surviving industry. Together with it,...

27.10.2020

Transit of Russian oil to Poland is suspended

Oil transit through the pipeline in Belarus has been suspended due to technical problems in Poland, oil from Russia is accumulating in reservoirs, Belneftekhim reported.

"So far there are no critical moments, we are coping. We are dealing with the volume of oil and the situation in general. We are waiting...

Oil transit through the pipeline in Belarus has been suspended due to technical problems in Poland, oil from Russia is accumulating in reservoirs, Belneftekhim reported.

"So far there are no critical moments, we are coping. We are dealing with the volume of oil and the situation in general. We are waiting...

27.10.2020

Gazprom increases export to Europe to maximum in September 2020

In September 2020, Gazprom supplied 16.2 billion cubic metres of gas to non-CIS countries, the maximum figure for the year, the head of Gazprom Export, Elena Burmistrova, said speaking at the Eurasian Economic Forum.

“Already in mid-summer, when demand in the power generation and industrial sectors began to recover in Europe,...

In September 2020, Gazprom supplied 16.2 billion cubic metres of gas to non-CIS countries, the maximum figure for the year, the head of Gazprom Export, Elena Burmistrova, said speaking at the Eurasian Economic Forum.

“Already in mid-summer, when demand in the power generation and industrial sectors began to recover in Europe,...

27.10.2020

China gives up LNG from Russia

China may reduce purchases of Russian LNG in the coming years. We are talking about 5-8 billion cubic metres per year for up to $1.5 billion, calculated by analysts. Earlier, the Chinese oil and gas company PetroChina presented an optimistic forecast on the situation with gas in the country. The...

China may reduce purchases of Russian LNG in the coming years. We are talking about 5-8 billion cubic metres per year for up to $1.5 billion, calculated by analysts. Earlier, the Chinese oil and gas company PetroChina presented an optimistic forecast on the situation with gas in the country. The...

27.10.2020

Gazprom to boost LNG output starting 2021

Russia’s top gas producer Gazprom, which exports gas from Russia, Kazakhstan, Uzbekistan and Turkmenistan, plans to sell around 6 mln tonnes of liquified natural gas in 2020 and boost volumes starting 2021 due to commissioning of new projects, Deputy Chairman of Gazprom Management Committee, Chief Executive Officer of Gazprom Export...

Russia’s top gas producer Gazprom, which exports gas from Russia, Kazakhstan, Uzbekistan and Turkmenistan, plans to sell around 6 mln tonnes of liquified natural gas in 2020 and boost volumes starting 2021 due to commissioning of new projects, Deputy Chairman of Gazprom Management Committee, Chief Executive Officer of Gazprom Export...

27.10.2020

China's crude oil output up 2.4% in September

China's crude oil output increased 2.4 percent year-on-year to 16.1 million tons in September, accelerating from an increase of 2.3 percent in August, official data showed.

During the period, China processed about 57.35 million tons of crude oil, up 1.3 percent year-on-year, according to the National Bureau of Statistics.

In the first...

China's crude oil output increased 2.4 percent year-on-year to 16.1 million tons in September, accelerating from an increase of 2.3 percent in August, official data showed.

During the period, China processed about 57.35 million tons of crude oil, up 1.3 percent year-on-year, according to the National Bureau of Statistics.

In the first...

27.10.2020

China's natural gas output up 7.6% in September

China saw accelerated growth in its natural gas output last month, according to official data.

The country's natural gas output rose 7.6 percent year-on-year to 14.6 billion cubic meters last month, accelerating from the 3.7 percent rise seen in August, data from the National Bureau of Statistics showed.

Average daily production came...

China saw accelerated growth in its natural gas output last month, according to official data.

The country's natural gas output rose 7.6 percent year-on-year to 14.6 billion cubic meters last month, accelerating from the 3.7 percent rise seen in August, data from the National Bureau of Statistics showed.

Average daily production came...

27.10.2020

Brent keeps losing ground as Libya reopens taps

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices.

Brent was down 88 cents, or 2.1%, at $40.89 by 1306 GMT. U.S. West Texas Intermediate (WTI) dropped...

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices.

Brent was down 88 cents, or 2.1%, at $40.89 by 1306 GMT. U.S. West Texas Intermediate (WTI) dropped...

27.10.2020

North Sea natural gas prices retreat despite uncertainty on Norway supplies

British wholesale gas prices fell on Monday morning, amid slight oversupply and abundant liquefied natural gas (LNG) supply, while prices further out shrugged off news of a long-term outage at Equinor's Norwegian Hammerfest LNG plant.

The within-day contract was down 0.80 pence at 40.80 pence per therm by 1017 GMT.

The day-ahead...

British wholesale gas prices fell on Monday morning, amid slight oversupply and abundant liquefied natural gas (LNG) supply, while prices further out shrugged off news of a long-term outage at Equinor's Norwegian Hammerfest LNG plant.

The within-day contract was down 0.80 pence at 40.80 pence per therm by 1017 GMT.

The day-ahead...

Metals and Minerals

27.10.2020

Russia complains to the EEC about Kazakhstan due to restrictions on the export of scrap metal

The Eurasian Economic Commission notified Kazakhstan about the inadmissibility of restrictions on the export of scrap and waste of ferrous and non-ferrous metals from Kazakhstan to other EAEU countries.

The Russian side lodged a complaint against the actions of Kazakhstan with the Eurasian Economic Commission. Its representatives claim that Kazakhstan has...

The Eurasian Economic Commission notified Kazakhstan about the inadmissibility of restrictions on the export of scrap and waste of ferrous and non-ferrous metals from Kazakhstan to other EAEU countries.

The Russian side lodged a complaint against the actions of Kazakhstan with the Eurasian Economic Commission. Its representatives claim that Kazakhstan has...

27.10.2020

Russia to open world’s largest gold mine in Siberia

Russia's largest gold miner Polyus, which also rund operations in Kazakhstan, said it is working on securing 100 percent ownership of the Sukhoi Log gold deposit in Siberia, which has estimated reserves of 540 million tons of ore, containing 40 million troy ounces of gold.

According to the firm, the undeveloped...

Russia's largest gold miner Polyus, which also rund operations in Kazakhstan, said it is working on securing 100 percent ownership of the Sukhoi Log gold deposit in Siberia, which has estimated reserves of 540 million tons of ore, containing 40 million troy ounces of gold.

According to the firm, the undeveloped...

27.10.2020

Bullion in race with US dollar over crisis gains

Gold edged up on Monday as growing fears over a second COVID-19 wave countered a firmer dollar and a lack of headway on a U.S. stimulus package to combat the economic impact of the pandemic.

Spot gold was 0.1% higher at $1,902.06 per ounce by 1221 GMT, regaining some ground after...

Gold edged up on Monday as growing fears over a second COVID-19 wave countered a firmer dollar and a lack of headway on a U.S. stimulus package to combat the economic impact of the pandemic.

Spot gold was 0.1% higher at $1,902.06 per ounce by 1221 GMT, regaining some ground after...

27.10.2020

Non-ferrous base metals continue to drop as investors secure cash

Copper prices extended their decline on Monday to touch their lowest in almost a week as investors locked in profits amid surging COVID-19 cases and more delays to a U.S. stimulus deal.

Copper tracked a pullback in wider financial markets that were also eyeing the launch of an assembly in China,...

Copper prices extended their decline on Monday to touch their lowest in almost a week as investors locked in profits amid surging COVID-19 cases and more delays to a U.S. stimulus deal.

Copper tracked a pullback in wider financial markets that were also eyeing the launch of an assembly in China,...

Energy Industry

27.10.2020

Kazakhstan allocates about 3 billion tenge for modernisation of Uralsk CHP

About 3 billion tenge was allocated for the modernisation of the CHP in Uralsk. These funds were allocated under the investment program for 2016-2020 for Zhaiykteploenergo.

Reconstruction and modernisation of the city's heat supply system, CHP equipment, water intake and boiler houses are designed for 2016-2020. Today, one of the main...

About 3 billion tenge was allocated for the modernisation of the CHP in Uralsk. These funds were allocated under the investment program for 2016-2020 for Zhaiykteploenergo.

Reconstruction and modernisation of the city's heat supply system, CHP equipment, water intake and boiler houses are designed for 2016-2020. Today, one of the main...

27.10.2020

EBRD, AIIB, ICBC and GCF provide US$ 95.3 million for wind farm in Kazakhstan

The European Bank for Reconstruction and Development (EBRD) and its partners are promoting Kazakhstan’s further transition from coal-fired power plants to renewable-energy power generation by supporting the construction of a 100 MW wind farm near the town of Zhanatas in the south of the country.

The EBRD’s financing of up to...

The European Bank for Reconstruction and Development (EBRD) and its partners are promoting Kazakhstan’s further transition from coal-fired power plants to renewable-energy power generation by supporting the construction of a 100 MW wind farm near the town of Zhanatas in the south of the country.

The EBRD’s financing of up to...

Manufacturing industry

27.10.2020

Developers in Kazakhstan breed subsidiaries

All large development companies in Kazakhstan are holdings with dozens of related limited liability partnerships. The editors, together with the experts of the law firm SIGNUM, figured out in what cases the developer is the wrong legal entity under whose brand the object is being sold, and why developers are...

All large development companies in Kazakhstan are holdings with dozens of related limited liability partnerships. The editors, together with the experts of the law firm SIGNUM, figured out in what cases the developer is the wrong legal entity under whose brand the object is being sold, and why developers are...

Trade and Consumer Goods

27.10.2020

Foreign trade turnover of Kazakhstan decreases by 12%

Over 8 months of this year, Kazakhstan's foreign trade turnover decreased by 12% compared to January-August last year, amounting to $55.6 billion, of which 57.3% or $31.85 billion accounted for exports and 42.7% or $23.78 billion for imports. The downward trend is observed both in exports by 15.7%, and in...

Over 8 months of this year, Kazakhstan's foreign trade turnover decreased by 12% compared to January-August last year, amounting to $55.6 billion, of which 57.3% or $31.85 billion accounted for exports and 42.7% or $23.78 billion for imports. The downward trend is observed both in exports by 15.7%, and in...

27.10.2020

National food distribution system project to go ahead in Kazakhstan

A national distribution system is set to become the main Eurasian food hub infrastructure, Bakyt Sultanov, Kazakh Trade and Integration Minister told a briefing held at the Central Communications Service, Kazinform correspondent reports. According to him, the national distribution system is to include 24 wholesale distribution centers set to provide...

A national distribution system is set to become the main Eurasian food hub infrastructure, Bakyt Sultanov, Kazakh Trade and Integration Minister told a briefing held at the Central Communications Service, Kazinform correspondent reports. According to him, the national distribution system is to include 24 wholesale distribution centers set to provide...

27.10.2020

Kazakhstan set to expand list of exchange goods

Kazakhstan is to expand the list of exchange goods, Bakyt Sultanov, Kazakh Minister of Trade and Integration said during the briefing at the Central Communications Service on Monday. According to the minister, there are plans to expand the list of exchange goods.

He went on to say that in order to...

Kazakhstan is to expand the list of exchange goods, Bakyt Sultanov, Kazakh Minister of Trade and Integration said during the briefing at the Central Communications Service on Monday. According to the minister, there are plans to expand the list of exchange goods.

He went on to say that in order to...

27.10.2020

Kazakhstan launches export acceleration program

The Minister of Trade and Integration of Kazakhstan, Bakhyt Sultanov, told a briefing in the CCS that Kazakhstan had launched an export acceleration program for non-resource producers.

“Unfortunately, today there are very few regular exporters in the country - just a little less than 2% of the total number of companies...

The Minister of Trade and Integration of Kazakhstan, Bakhyt Sultanov, told a briefing in the CCS that Kazakhstan had launched an export acceleration program for non-resource producers.

“Unfortunately, today there are very few regular exporters in the country - just a little less than 2% of the total number of companies...

Agriculture

27.10.2020

Kazakhstan reveals details of the construction of the largest greenhouse in the world

In the Turkestan region, an investor from Russia will invest 534 billion tenge in the construction of a greenhouse. The project will be implemented in the Keles district. According to the information, the greenhouse is planned to be launched in 2021-2024.

The value of investment will amount to 534 billion tenge....

In the Turkestan region, an investor from Russia will invest 534 billion tenge in the construction of a greenhouse. The project will be implemented in the Keles district. According to the information, the greenhouse is planned to be launched in 2021-2024.

The value of investment will amount to 534 billion tenge....

27.10.2020

Turkish investor intends to invest 12 billion tenge in the project in Kazakhstan

A Kazakh-Turkish plant for 12 billion tenge may appear in the Akmola region. According to the information, they want to build a plant for processing plant and animal waste in the Burabay region in the region.

"The Kazakh-Turkish enterprise is being implemented by the investors of the Burabai Biogas and Fertilisers...

A Kazakh-Turkish plant for 12 billion tenge may appear in the Akmola region. According to the information, they want to build a plant for processing plant and animal waste in the Burabay region in the region.

"The Kazakh-Turkish enterprise is being implemented by the investors of the Burabai Biogas and Fertilisers...

27.10.2020

Kazakhstan aspires farm output growth

Kazakh PM Askar Mamin declared he focused on the farm gross output growth. Kazakhstan works on forming the national commodity distribution system through building the wholesale distribution centers. The main goals are to provide access of farm producers, especially, small and medium farmers to the infrastructure of procurement, storage, processing...

Kazakh PM Askar Mamin declared he focused on the farm gross output growth. Kazakhstan works on forming the national commodity distribution system through building the wholesale distribution centers. The main goals are to provide access of farm producers, especially, small and medium farmers to the infrastructure of procurement, storage, processing...

27.10.2020

Wheat posts losses as soybeans remain in focus

Chicago soybeans climbed to their highest in more than four years on Monday, rising for a sixth consecutive session, on the back of strong Chinese demand and dryness in parts of top producer Brazil. Corn retreated from a 14-month peak hit on Friday while wheat eased after sharp gains in...

Chicago soybeans climbed to their highest in more than four years on Monday, rising for a sixth consecutive session, on the back of strong Chinese demand and dryness in parts of top producer Brazil. Corn retreated from a 14-month peak hit on Friday while wheat eased after sharp gains in...

Communications and Transportation

27.10.2020

Kazakhstan Railways plans to almost double tariffs

On October 21, the Committee on Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan held a public hearing on consideration of applications of Kazakhstan Railways for increasing tariffs and tariff estimates in the areas of main railway networks and access roads. The railway workers' appetite is...

On October 21, the Committee on Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan held a public hearing on consideration of applications of Kazakhstan Railways for increasing tariffs and tariff estimates in the areas of main railway networks and access roads. The railway workers' appetite is...

27.10.2020

VTB Bank Kazakhstan opens a new credit line for Kcell

The leading operator in the telecommunications market of Kazakhstan, Kcell, and VTB Bank (Kazakhstan) signed an agreement on the allocation of a non-revolving credit limit in the amount of 6 billion tenge for a period of 36 months with a fee of 10.7% per annum. The company intends to use...

The leading operator in the telecommunications market of Kazakhstan, Kcell, and VTB Bank (Kazakhstan) signed an agreement on the allocation of a non-revolving credit limit in the amount of 6 billion tenge for a period of 36 months with a fee of 10.7% per annum. The company intends to use...

27.10.2020

Internet fraudsters pull millions of tenge from Kazakhstanis

The number of Internet frauds has jumped sharply in Kazakhstan. According to the Deputy Head of the Criminal Police Department of the Ministry of Internal Affairs Yerlan Omarbekov, in 3 years the registration of such crimes has doubled in the country, from 4 thousand to 8 thousand.

"This year, the internal...

The number of Internet frauds has jumped sharply in Kazakhstan. According to the Deputy Head of the Criminal Police Department of the Ministry of Internal Affairs Yerlan Omarbekov, in 3 years the registration of such crimes has doubled in the country, from 4 thousand to 8 thousand.

"This year, the internal...

Real Estate

27.10.2020

Kazakhstan includes shared housing and housing under construction in preferential mortgage

The National Bank has increased the cost of purchased housing under the Baspana Hit program. According to the information of the Kazakhstan Fund for Sustainability, during the implementation of the program, the applications of citizens and proposals of banks, developers and public associations were analysed. On their basis, in September...

The National Bank has increased the cost of purchased housing under the Baspana Hit program. According to the information of the Kazakhstan Fund for Sustainability, during the implementation of the program, the applications of citizens and proposals of banks, developers and public associations were analysed. On their basis, in September...

Regional News

27.10.2020

Bank of Russia keeps key rate at 4.25% for the second time in a row

Russia’s Central Bank kept the key rate at 4.25% per annum for the second time in a row, noting the fact that disinflationary risks prevail over the medium-term horizon, according to a press release published following its board meeting on Friday.

"On October 23, 2020, the Bank of Russia Board of...

Russia’s Central Bank kept the key rate at 4.25% per annum for the second time in a row, noting the fact that disinflationary risks prevail over the medium-term horizon, according to a press release published following its board meeting on Friday.

"On October 23, 2020, the Bank of Russia Board of...

27.10.2020

Bank of Russia notes decline in loan, deposit rates

Russia’s Central Bank registers a decline in loan and deposit rates, as well as lending expansion, according to a press release published following its board meeting on Friday.

"Monetary conditions have generally softened since the previous meeting of the Bank of Russia Board of Directors. Loan and deposit rates mainly declined;...

Russia’s Central Bank registers a decline in loan and deposit rates, as well as lending expansion, according to a press release published following its board meeting on Friday.

"Monetary conditions have generally softened since the previous meeting of the Bank of Russia Board of Directors. Loan and deposit rates mainly declined;...

27.10.2020

Rouble, Russian equity down: blame it on the bug

The rouble weakened on Monday, pulling away from a one-month high as rising coronavirus cases around the world and opinion polls showing a solid lead for Democrat Joe Biden in the U.S. presidential election reduced appetite for Russian assets.

By 1324 GMT, the rouble was 0.3% weaker against the dollar at...

The rouble weakened on Monday, pulling away from a one-month high as rising coronavirus cases around the world and opinion polls showing a solid lead for Democrat Joe Biden in the U.S. presidential election reduced appetite for Russian assets.

By 1324 GMT, the rouble was 0.3% weaker against the dollar at...

27.10.2020

Booze producer blamed as China’s stock markets sober up

China stocks ended lower on Monday, dragged down by the consumer sector after the country’s largest liquor maker Kweichow Moutai posted slower-than-expected growth in quarterly profit. ** At the close, the Shanghai Composite index was down 0.82% at 3,251.12, while the blue-chip CSI300 index was down 0.58%. ** The consumer...

China stocks ended lower on Monday, dragged down by the consumer sector after the country’s largest liquor maker Kweichow Moutai posted slower-than-expected growth in quarterly profit. ** At the close, the Shanghai Composite index was down 0.82% at 3,251.12, while the blue-chip CSI300 index was down 0.58%. ** The consumer...

27.10.2020

China Telecom posts higher profits, revenues in first three quarters

China Telecom, one of China's three largest telecom operators, reported growth in both profits and operating revenues in the first three quarters of the year.

The company's net profits totaled 18.71 billion yuan (about $2.81 billion), up 1.7 percent year-on-year, the company said in a statement.

Operating revenues rose 3.5 percent from...

China Telecom, one of China's three largest telecom operators, reported growth in both profits and operating revenues in the first three quarters of the year.

The company's net profits totaled 18.71 billion yuan (about $2.81 billion), up 1.7 percent year-on-year, the company said in a statement.

Operating revenues rose 3.5 percent from...

27.10.2020

China's postal industry reports robust revenue growth

China's postal industry has maintained robust expansion since 2016, with revenues soaring and business volumes hiking.

The industry's revenues are expected to surge to 1.1 trillion yuan (about $165.4 billion) at the end of the year, up from 403.9 billion yuan in 2015 and representing an annual growth rate of 22...

China's postal industry has maintained robust expansion since 2016, with revenues soaring and business volumes hiking.

The industry's revenues are expected to surge to 1.1 trillion yuan (about $165.4 billion) at the end of the year, up from 403.9 billion yuan in 2015 and representing an annual growth rate of 22...

27.10.2020

China's overnight Shibor interbank rate increases

The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 1.9 basis points to 2.18 percent Monday.

The seven-day rate rose 2.2 basis points to 2.227 percent, the one-month rate went up 0.5 basis points to 2.658 percent, and the one-year rate rose 1.5...

The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China's interbank market, increased 1.9 basis points to 2.18 percent Monday.

The seven-day rate rose 2.2 basis points to 2.227 percent, the one-month rate went up 0.5 basis points to 2.658 percent, and the one-year rate rose 1.5...

27.10.2020

Renewed fighting in Nagorno-Karabakh threatens US-backed truce

Armenia and Azerbaijan accused each other on Monday of violating a new US-brokered ceasefire in fighting over the mountain enclave of Nagorno-Karabakh, casting doubt over the prospects of the latest international push to end a month of clashes.

Azeri President Ilham Aliyev said in a televised...

Armenia and Azerbaijan accused each other on Monday of violating a new US-brokered ceasefire in fighting over the mountain enclave of Nagorno-Karabakh, casting doubt over the prospects of the latest international push to end a month of clashes.

Azeri President Ilham Aliyev said in a televised address that he wanted to resolve the conflict "by...

Prices and Statistics

27.10.2020

Commodities

Date: October 27, 2020; Source: Bloomberg.com

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Date: October 27, 2020; Source: Bloomberg.com

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27.10.2020

Exchange Rates

Date: October 27, 2020; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 429.59
1 EURO EUR / KZT 507.3
1 RUSSIAN ROUBLE RUB / KZT 5.62
1 CHINESE YUAN CNY / KZT 64.1
1 KYRGYZIAN SOM KGS / KZT 5.33
1 GREAT BRITAIN POUND GBP / KZT 560.57
1 CANADIAN DOLLAR CAD / KZT 325.92
1 AUSTRALIAN DOLLAR AUD / KZT 306.56

Date: October 27, 2020; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

429.59

1 EURO

EUR / KZT

507.3

1 RUSSIAN ROUBLE

RUB / KZT

5.62

1 CHINESE YUAN

CNY / KZT

64.1

1 KYRGYZIAN SOM

KGS / KZT

5.33

1 GREAT BRITAIN POUND

GBP / KZT

560.57

1 CANADIAN DOLLAR

CAD / KZT

325.92

1 AUSTRALIAN DOLLAR

AUD / KZT

306.56