Issue 3767 - 28.07.2021
28.07.2021

Head of State briefed on Akmola region’s investment projects

President Kassym-Jomart Tokayev head a report from akim (governor) of Akmola region Yermek Marzhikpayev during his working trip to the region.

In his report governor Marzhikpayev highlighted the implementation of investment projects in the region and prospects of the development of Kokshetau city. The President was briefed on the main socioeconomic indicators of the region, investment projects in agro-industrial sphere, tourism, mining complex, mechanical engineering, construction sector, energy and other sectors.

Having heard the report, the Head of State outlined the priorities of the region’s development.

By Kazinform

Kazakhstan General

28.07.2021

Head of State visits oncological clinic in Kokshetau

President Kassym-Jomart Tokayev was familiarized with the current COVID-19 situation in Akmola region.

The Head of State was informed that COVID-19 patients in the region are treated at 22 infectious facilities. The region’s bed capacity stands at 2,113 with a reserve of 5,000 beds.

While in the region, Kassym-Jomart Tokayev also surveyed...

President Kassym-Jomart Tokayev was familiarized with the current COVID-19 situation in Akmola region.

The Head of State was informed that COVID-19 patients in the region are treated at 22 infectious facilities. The region’s bed capacity stands at 2,113 with a reserve of 5,000 beds.

While in the region, Kassym-Jomart Tokayev also surveyed...

28.07.2021

President Tokayev meets with newly elected akims in Akmola region

Head of State Kassym-Jomart Tokayev met with newly elected rural akims of Akmola region.

The President noted that the first-ever direct elections of rural akims were a historical event of paramount importance signaling the new stage of political modernization in Kazakhstan. The Head of State believes that these elections will give...

Head of State Kassym-Jomart Tokayev met with newly elected rural akims of Akmola region.

The President noted that the first-ever direct elections of rural akims were a historical event of paramount importance signaling the new stage of political modernization in Kazakhstan. The Head of State believes that these elections will give...

28.07.2021

Ministry of Labour and Ministry of Health receive part of powers of Ministry of Internal Affairs

President Kassym-Jomart Tokayev signed a decree on the reorganisation of two ministries. The decree on measures to further improve the system of public administration of Kazakhstan was signed by the head of state on 19 July.

Thus, the President decided to reorganise: the Ministry of Labour and Social Protection of the...

President Kassym-Jomart Tokayev signed a decree on the reorganisation of two ministries. The decree on measures to further improve the system of public administration of Kazakhstan was signed by the head of state on 19 July.

Thus, the President decided to reorganise: the Ministry of Labour and Social Protection of the...

28.07.2021

Kazakhstan fines quarantine violators for 1.5 billion tenge

In Kazakhstan, quarantine violators paid 1.5 billion tenge, with reference to the Interdepartmental Commission on the Nonproliferation of COVID-19.

From January 1 to July 24, 2021, monitoring groups revealed violations at 20.1 thousand business facilities. In general, more than 132 thousand raids were carried out during this period, covering 758.6 thousand...

In Kazakhstan, quarantine violators paid 1.5 billion tenge, with reference to the Interdepartmental Commission on the Nonproliferation of COVID-19.

From January 1 to July 24, 2021, monitoring groups revealed violations at 20.1 thousand business facilities. In general, more than 132 thousand raids were carried out during this period, covering 758.6 thousand...

28.07.2021

Deeper into the Gulag: quarantine measures to be strengthened in various cities in Kazakhstan

Under the chairmanship of Deputy Prime Minister of the Republic of Kazakhstan Yeraly Tugzhanov, a meeting of the IDC was held to prevent the spread of coronavirus infection in the territory of the Republic of Kazakhstan.

The Vice Prime Minister, after hearing the report of the Minister of Health and the...

Under the chairmanship of Deputy Prime Minister of the Republic of Kazakhstan Yeraly Tugzhanov, a meeting of the IDC was held to prevent the spread of coronavirus infection in the territory of the Republic of Kazakhstan.

The Vice Prime Minister, after hearing the report of the Minister of Health and the...

28.07.2021

Kazakhstan’s daily COVID-19 case count up to 6,925

Kazakhstan has reported 6,925 new daily cases of the coronavirus infection as of Wednesday morning. The highest four-digit numbers of fresh daily COVID-19 cases have been reported in Nur-Sultan and Almaty cities – 1,531 and 1,250, accordingly. Karaganda region follows with 920 daily infections.

Out of the total number of fresh...

Kazakhstan has reported 6,925 new daily cases of the coronavirus infection as of Wednesday morning. The highest four-digit numbers of fresh daily COVID-19 cases have been reported in Nur-Sultan and Almaty cities – 1,531 and 1,250, accordingly. Karaganda region follows with 920 daily infections.

Out of the total number of fresh...

Finance and Investment

28.07.2021

Kazakhstani exports to Japan fall almost fourfold

The Olympic Games are now being held in Tokyo, in which 95 Kazakhstani athletes participate. According to the results of five months of 2021, Kazakhstani exports to Japan fell almost fourfold, to $125.6 million. The decline was influenced by the termination of oil supplies, the volume of which in the...

The Olympic Games are now being held in Tokyo, in which 95 Kazakhstani athletes participate. According to the results of five months of 2021, Kazakhstani exports to Japan fell almost fourfold, to $125.6 million. The decline was influenced by the termination of oil supplies, the volume of which in the...

28.07.2021

Number of complaints from participants in public procurement system doubles in Kazakhstan

Kazakhstani suppliers of goods and services for government agencies began to write more often objections and claims based on the results of tenders. Since the beginning of 2021, over 23 thousand complaints have been sent to the regional departments of state audit.

According to information from the database of the portal 

Kazakhstani suppliers of goods and services for government agencies began to write more often objections and claims based on the results of tenders. Since the beginning of 2021, over 23 thousand complaints have been sent to the regional departments of state audit.

According to information from the database of the portal goszakup.gov.kz,...

28.07.2021

National Bank of Kazakhstan explains base rate increases

The National Bank explained why the base rate was raised and what influenced the sharp rise in inflation. Deputy Chairman of the Department Akylzhan Baimagambetov noted that the change in the rate to 9.25% was a logical response to the acceleration of current inflation, in June to 7.9%, and the...

The National Bank explained why the base rate was raised and what influenced the sharp rise in inflation. Deputy Chairman of the Department Akylzhan Baimagambetov noted that the change in the rate to 9.25% was a logical response to the acceleration of current inflation, in June to 7.9%, and the...

28.07.2021

Kazakhstan extends refinancing scheme for residential mortgage loans

In connection with the COVID-19 pandemic and introduction of strict quarantine restrictions in 2020, as well as the difficult epidemiological situation in the current year, the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market on July 16, 2021 made a decision...

In connection with the COVID-19 pandemic and introduction of strict quarantine restrictions in 2020, as well as the difficult epidemiological situation in the current year, the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market on July 16, 2021 made a decision...

28.07.2021

What’s in a name: Kazakh public support for investment switches from “state” to “national” label

Kazakhstan seeks to enhance its public administration system and replaces state programs with national projects, deemed to become more effective and concise. 

The idea of national projects is envisioned in the country’s new National Development Plan until 2025. 

While at this point it seems difficult to see the difference between state programs...

Kazakhstan seeks to enhance its public administration system and replaces state programs with national projects, deemed to become more effective and concise. 

The idea of national projects is envisioned in the country’s new National Development Plan until 2025. 

While at this point it seems difficult to see the difference between state programs...

28.07.2021

Kazakhstan plunges into risky cryptocurrency business

Opening a bank account for cryptocurrency will soon be a possibility in Kazakhstan. Kazakh citizens will have the opportunity to invest in bitcoin, sell cryptocurrency on the exchange market and transfer their income into money.

The Kazakh Association of Blockchain and Data Center Industry reported that crypto exchanges registered on the...

Opening a bank account for cryptocurrency will soon be a possibility in Kazakhstan. Kazakh citizens will have the opportunity to invest in bitcoin, sell cryptocurrency on the exchange market and transfer their income into money.

The Kazakh Association of Blockchain and Data Center Industry reported that crypto exchanges registered on the...

28.07.2021

Kazakhstan Stock Exchange index on Tuesday decreases by 0.87% to 3,078.13

As a result of trades in shares on the Kazakhstan Stock Exchange on Tuesday, the value of the KASE index decreased by 0.87% from 3,105 to 3,078.13.

The volume of deals in shares included in the KASE index representative list decreased against the previous trading day by 12.7% and amounted to...

As a result of trades in shares on the Kazakhstan Stock Exchange on Tuesday, the value of the KASE index decreased by 0.87% from 3,105 to 3,078.13.

The volume of deals in shares included in the KASE index representative list decreased against the previous trading day by 12.7% and amounted to...

28.07.2021

Weighted average dollar rate at Kazakhstan Stock Exchange reaches 424.4 tenge

The weighted average dollar rate on the Kazakhstan Stock Exchange on July 27, 2021 at 17:00 amounted to 424.40 tenge. According to KASE information, the minimum rate at the trades amounted to 423.90 tenge per US dollar, the maximum to 424.90 tenge, the closing rate to 424.57 tenge.

The volume of...

The weighted average dollar rate on the Kazakhstan Stock Exchange on July 27, 2021 at 17:00 amounted to 424.40 tenge. According to KASE information, the minimum rate at the trades amounted to 423.90 tenge per US dollar, the maximum to 424.90 tenge, the closing rate to 424.57 tenge.

The volume of...

28.07.2021

Greenback continues fall as bulls turn to rival currencies

The U.S. dollar dipped slightly against a basket of peer currencies on Tuesday as investors held off from making big bets ahead of the outcome of this week's two-day Federal Reserve policy meeting.

The greenback was 0.026% softer at 92.582 by 10:30 a.m. Eastern time, within striking distance of its 3-1/2...

The U.S. dollar dipped slightly against a basket of peer currencies on Tuesday as investors held off from making big bets ahead of the outcome of this week's two-day Federal Reserve policy meeting.

The greenback was 0.026% softer at 92.582 by 10:30 a.m. Eastern time, within striking distance of its 3-1/2...

28.07.2021

Stock markets under pressure on China bullying concerns

European stocks were still lower on Tuesday as sharp falls in Hong Kong and Shanghai dragged on sentiment along with downbeat news from Reckitt Benckiser and MorphoSys.

The pan-European STOXX index fell 0.52% in early trade with all major regional bourses lower.Fears of stricter regulation of China's heavyweight technology sector have fuelled a...

European stocks were still lower on Tuesday as sharp falls in Hong Kong and Shanghai dragged on sentiment along with downbeat news from Reckitt Benckiser and MorphoSys.

The pan-European STOXX index fell 0.52% in early trade with all major regional bourses lower.Fears of stricter regulation of China's heavyweight technology sector have fuelled a...

Oil and Gas Sector

28.07.2021

ESS workers on strike at Tengiz oil and gas field

ESS workers at the Tengiz oil and gas field in the Atyrau region went on strike demanding higher wages.

According to the newspaper, ESS is a contracting organisation of Tengizchevroil, which develops the field.

“Tengizchevroil, as Ak Zhaiyk writes, said that it was aware of the strike, but recommended that all questions...

ESS workers at the Tengiz oil and gas field in the Atyrau region went on strike demanding higher wages.

According to the newspaper, ESS is a contracting organisation of Tengizchevroil, which develops the field.

“Tengizchevroil, as Ak Zhaiyk writes, said that it was aware of the strike, but recommended that all questions...

28.07.2021

Oil refineries in Kazakhstan increase production by more than 10% in 1H 2021

Total volume of oil refining at Kazakhstani refineries in Atyrau, Shymkent and Pavlodar petrochemical plants in January-June 2021 amounted to 7.673 million tonnes, the press service of the Ministry of Energy of Kazakhstan told Interfax-Kazakhstan.

In January-June 2020, the refineries processed 6.959 million tonnes of oil. Thus, this year the indicator...

Total volume of oil refining at Kazakhstani refineries in Atyrau, Shymkent and Pavlodar petrochemical plants in January-June 2021 amounted to 7.673 million tonnes, the press service of the Ministry of Energy of Kazakhstan told Interfax-Kazakhstan.

In January-June 2020, the refineries processed 6.959 million tonnes of oil. Thus, this year the indicator...

28.07.2021

Brent veers up on tight supply concerns

Oil prices edged higher on Tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging Covid-19 cases worldwide.

Brent crude futures rose $0.23, or 0.3%, to $74.73 a barrel by 1150 GMT. US West Texas Intermediate (WTI) crude futures rose $0.07, or...

Oil prices edged higher on Tuesday as investors bet tight supply and rising vaccination rates will help offset any impact on demand from surging Covid-19 cases worldwide.

Brent crude futures rose $0.23, or 0.3%, to $74.73 a barrel by 1150 GMT. US West Texas Intermediate (WTI) crude futures rose $0.07, or...

28.07.2021

Tight supplies keep North Sea region’s natural gas prices up

British wholesale gas prices rose on Tuesday morning due to subdued imports from Norway and few arrivals of liquefied natural gas (LNG) tankers.

The day-ahead contract was up 1.00 pence at 96.50 p/therm by 0746 GMT.

Norwegian flows both to the UK and to the Continent remained low on Tuesday as production...

British wholesale gas prices rose on Tuesday morning due to subdued imports from Norway and few arrivals of liquefied natural gas (LNG) tankers.

The day-ahead contract was up 1.00 pence at 96.50 p/therm by 0746 GMT.

Norwegian flows both to the UK and to the Continent remained low on Tuesday as production...

Metals and Minerals

28.07.2021

Bullion continues rally, other precious metals retreat

Gold ticked up on Tuesday, as the dollar softened and U.S. real yields plunged to a record low, though gains were kept in check on investor caution ahead of a Federal Reserve policy meeting that could provide details on the tapering of asset purchase.

Spot gold rose 0.2% to $1,800.16 per...

Gold ticked up on Tuesday, as the dollar softened and U.S. real yields plunged to a record low, though gains were kept in check on investor caution ahead of a Federal Reserve policy meeting that could provide details on the tapering of asset purchase.

Spot gold rose 0.2% to $1,800.16 per...

28.07.2021

Zinc, tin post gains as other base metals give way

Copper prices snapped a five-session winning streak on Tuesday under pressure from a rebounding dollar as investor focus shifted to a U.S. Federal Reserve meeting expected to give more direction on monetary policy.

Benchmark copper on the London Metal Exchange lost 0.8% to $9,727.50 per tonne in official trading, after touching...

Copper prices snapped a five-session winning streak on Tuesday under pressure from a rebounding dollar as investor focus shifted to a U.S. Federal Reserve meeting expected to give more direction on monetary policy.

Benchmark copper on the London Metal Exchange lost 0.8% to $9,727.50 per tonne in official trading, after touching...

Energy Industry

28.07.2021

State regulation cuts off intermediaries from market and prevents unreasonable price increases in heating season

Coal production in value terms for the year increased from 162.3 billion to 171.6 billion tenge in January-June 2021. In real terms, the sector recorded a decline of 3.9%.

For the entire 2020, the volume of coal production in value terms amounted to 336 billion tenge, a decline in real terms...

Coal production in value terms for the year increased from 162.3 billion to 171.6 billion tenge in January-June 2021. In real terms, the sector recorded a decline of 3.9%.

For the entire 2020, the volume of coal production in value terms amounted to 336 billion tenge, a decline in real terms...

Manufacturing industry

28.07.2021

President visits Eurasia Group Kazakhstan LLP service center

President Kassym-Jomart Tokayev visited the largest in the CIS service center of John Deere agricultural and farming equipment as part of his working trip to Akmola region.

The President surveyed everything that the center has to offer, including a full repair center of agriculture and farming equipment, a unit replacement shop,...

President Kassym-Jomart Tokayev visited the largest in the CIS service center of John Deere agricultural and farming equipment as part of his working trip to Akmola region.

The President surveyed everything that the center has to offer, including a full repair center of agriculture and farming equipment, a unit replacement shop,...

28.07.2021

Kazakh President inspects KazRost Engineering Ltd in Kostanay

President of Kazakhstan Kassym-Jomart Tokayev has visited KazRost Engineering Ltd assembling VECTOR410KZ and ACROS harvesters in collaboration with Rostselmash as part of his working trip to Akmola region.

The Kazakh President inspected the workshops assembling agricultural machinery and tractors. According to Kairat Kalmanbayev, director of KazRost Engineering Ltd, last year 504...

President of Kazakhstan Kassym-Jomart Tokayev has visited KazRost Engineering Ltd assembling VECTOR410KZ and ACROS harvesters in collaboration with Rostselmash as part of his working trip to Akmola region.

The Kazakh President inspected the workshops assembling agricultural machinery and tractors. According to Kairat Kalmanbayev, director of KazRost Engineering Ltd, last year 504...

Trade and Consumer Goods

28.07.2021

Trade turnover of Kazakhstan with Central Asian countries growth by 35% on-year

In January-May 2021, Kazakhstan's trade with Central Asian countries reached USD2.3 billion, which is 34.7% more than a year earlier. The share of CA countries in foreign trade increased from 4.7% to 6.3%.

Almost two-thirds of all trade with the Central Asian countries falls on Uzbekistan at USD1.5 billion, plus 46%...

In January-May 2021, Kazakhstan's trade with Central Asian countries reached USD2.3 billion, which is 34.7% more than a year earlier. The share of CA countries in foreign trade increased from 4.7% to 6.3%.

Almost two-thirds of all trade with the Central Asian countries falls on Uzbekistan at USD1.5 billion, plus 46%...

28.07.2021

Trade in Kazakhstan grows due to non-food products

Domestic trade in Kazakhstan in the first half of 2021 recovered due to a real increase in sales of non-food products, both in retail and wholesale. On the contrary, the dynamics of sales of food products in comparable prices turned out to be negative. The reason for this situation is...

Domestic trade in Kazakhstan in the first half of 2021 recovered due to a real increase in sales of non-food products, both in retail and wholesale. On the contrary, the dynamics of sales of food products in comparable prices turned out to be negative. The reason for this situation is...

28.07.2021

Energy goods show highest increase in EAEU mutual trade over 5 months

The most significant increase in the mutual trade of the EAEU member states for 5 months of 2021 was the increase in the share of energy products from 15.2% in January-May 2020 to 18.9% in January-May 2021. This is stated in the analytical review of the EAEU.

The share of consumer...

The most significant increase in the mutual trade of the EAEU member states for 5 months of 2021 was the increase in the share of energy products from 15.2% in January-May 2020 to 18.9% in January-May 2021. This is stated in the analytical review of the EAEU.

The share of consumer...

28.07.2021

Share of mutual trade turnover of Kyrgyzstan in total volume of EAEU foreign trade increases to 48% in 5 months

The share of mutual trade turnover in the total volume of EAEU foreign trade increased in January-May 2021 to 15.1%. This was reported in the analytical review of the Eurasian Economic Commission.

In January-May 2020, the share was 13.8%.

The share of mutual trade in Belarus increased to 49.9% from 49.5%, in...

The share of mutual trade turnover in the total volume of EAEU foreign trade increased in January-May 2021 to 15.1%. This was reported in the analytical review of the Eurasian Economic Commission.

In January-May 2020, the share was 13.8%.

The share of mutual trade in Belarus increased to 49.9% from 49.5%, in...

Agriculture

28.07.2021

Drought in Kazakhstan takes catastrophic dimensions

In the Republic of Kazakhstan, the heatwave that began in June 2021 in the Southern and Western regions of the country (Kyzylorda, Mangystau and Turkestan provinces) led to record temperatures1 up to 46.5℃ (recorded on 7 July) in the area with a baseline average of 28.3℃.

This has seriously affected the...

In the Republic of Kazakhstan, the heatwave that began in June 2021 in the Southern and Western regions of the country (Kyzylorda, Mangystau and Turkestan provinces) led to record temperatures1 up to 46.5℃ (recorded on 7 July) in the area with a baseline average of 28.3℃.

This has seriously affected the...

28.07.2021

Kazakhstan’s wheat supplies to be upheld by reserves amidst dry weather

 Kazakhstan’s drought-challenged 2021 wheat crop will be boosted by high stocks and Russian grain imports. 

The country has experienced dry, hot weather in recent weeks and plans to prohibit rye exports and limit barley and wheat exports for feed use for six months beginning Aug. 15. 

Kazakhstan, one of the largest grain...

 Kazakhstan’s drought-challenged 2021 wheat crop will be boosted by high stocks and Russian grain imports. 

The country has experienced dry, hot weather in recent weeks and plans to prohibit rye exports and limit barley and wheat exports for feed use for six months beginning Aug. 15. 

Kazakhstan, one of the largest grain...

28.07.2021

Kazakhstan's President stresses need for self-sufficiency in agricultural products

Head of State Kassym-Jomart Tokayev visited KazRost Engineering Ltd, which assembles VECTOR410KZ and ACROS grain harvesters in cooperation with the Russian company Rostselmash. Kassym-Jomart Tokayev examined the workshops for the assembly of agricultural machinery and tractors.

According to the director of the company Kairat Kalmanbaev, last year 504 harvesters were produced...

Head of State Kassym-Jomart Tokayev visited KazRost Engineering Ltd, which assembles VECTOR410KZ and ACROS grain harvesters in cooperation with the Russian company Rostselmash. Kassym-Jomart Tokayev examined the workshops for the assembly of agricultural machinery and tractors.

According to the director of the company Kairat Kalmanbaev, last year 504 harvesters were produced...

28.07.2021

Another poultry farm appears in Kazakhstan

This year, a poultry farm for almost 2 billion tenge should start operating in the Kyzylorda region. This was reported in the regional administration. According to the information provided, the facility is being built in the Karmakshy region. The implementation of the project is estimated at 1.93 billion tenge. After...

This year, a poultry farm for almost 2 billion tenge should start operating in the Kyzylorda region. This was reported in the regional administration. According to the information provided, the facility is being built in the Karmakshy region. The implementation of the project is estimated at 1.93 billion tenge. After...

28.07.2021

Land scam in Kazakhstan

Peasants from the North Kazakhstan region were deceived with share lands. Neither the administration, nor the prosecutor's office knows how this happened. Lawyers say that, as a rule, in all regional land scams with share lands, swindlers, in tandem with corrupt officials, effectively cover their tracks.

Lawyer on land issues Bakytzhan...

Peasants from the North Kazakhstan region were deceived with share lands. Neither the administration, nor the prosecutor's office knows how this happened. Lawyers say that, as a rule, in all regional land scams with share lands, swindlers, in tandem with corrupt officials, effectively cover their tracks.

Lawyer on land issues Bakytzhan...

28.07.2021

US wheat contracts down on disappointing demand

Chicago soybean and corn futures gained for a second consecutive session on Tuesday after a weekly U.S. government report showed the condition of both crops deteriorated unexpectedly last week.

Wheat edged lower, falling for a fourth session running, still pressured by low export demand for U.S. supplies. "We are in a...

Chicago soybean and corn futures gained for a second consecutive session on Tuesday after a weekly U.S. government report showed the condition of both crops deteriorated unexpectedly last week.

Wheat edged lower, falling for a fourth session running, still pressured by low export demand for U.S. supplies. "We are in a...

Communications and Transportation

28.07.2021

Kazakh operators earn almost 483 billion tenge since the beginning of year

In January-June of this year, the volume of the telecommunications market amounted to almost 483.3 billion tenge, which, according to the Statistics Agency of Kazakhstan, is 12.2% more than in January-June 2020. The volume of long-distance and international telephone communication services amounted to 9.6 billion tenge, which is 11.2% less...

In January-June of this year, the volume of the telecommunications market amounted to almost 483.3 billion tenge, which, according to the Statistics Agency of Kazakhstan, is 12.2% more than in January-June 2020. The volume of long-distance and international telephone communication services amounted to 9.6 billion tenge, which is 11.2% less...

28.07.2021

Kazakhstan wants to revive tourism for 1.5 trillion tenge

Almost 1.5 trillion tenge of investments is planned to be attracted to the tourism sector of Kazakhstan within 10 years. According to the strategy of the national company KazakhTourism for 2022-2031, by 2031, at least 1.47 trillion tenge of investments will be attracted to the projects of the industry. Including...

Almost 1.5 trillion tenge of investments is planned to be attracted to the tourism sector of Kazakhstan within 10 years. According to the strategy of the national company KazakhTourism for 2022-2031, by 2031, at least 1.47 trillion tenge of investments will be attracted to the projects of the industry. Including...

28.07.2021

New flight to link Kazakhstan and Uzbekistan

Prime Minister of the Republic of Kazakhstan Askar Mamin met with the Minister of Transport of the Republic of Uzbekistan Ilkhom Makhkamov. The parties discussed the prospects for development of cooperation in the transit and transport sector, in particular, the issues of increasing cargo transportation, development of rail and road...

Prime Minister of the Republic of Kazakhstan Askar Mamin met with the Minister of Transport of the Republic of Uzbekistan Ilkhom Makhkamov. The parties discussed the prospects for development of cooperation in the transit and transport sector, in particular, the issues of increasing cargo transportation, development of rail and road...

28.07.2021

Kazakhstan strengthens check of COVID status of passengers at airports and railway stations

The Ministry of Internal Affairs has strengthened the verification of the COVID status of passengers at airports and railway stations. "The Ministry, at the instruction of the Head of State, is taking all measures to identify and suppress the facts of falsification and use of PCR certificates and vaccination passports....

The Ministry of Internal Affairs has strengthened the verification of the COVID status of passengers at airports and railway stations. "The Ministry, at the instruction of the Head of State, is taking all measures to identify and suppress the facts of falsification and use of PCR certificates and vaccination passports....

28.07.2021

Linkedin blocked for violations in Kazakhstan

The Internet resource Linkedin has been blocked in Kazakhstan for a number of violations. "During the monitoring on the Internet resource Linkedin a number of violations of the law were revealed related to advertising online casinos and creation of fake accounts on behalf of real people who are not their...

The Internet resource Linkedin has been blocked in Kazakhstan for a number of violations. "During the monitoring on the Internet resource Linkedin a number of violations of the law were revealed related to advertising online casinos and creation of fake accounts on behalf of real people who are not their...

Real Estate and Construction

28.07.2021

Kazakhstan notes increase for housing prices

Comfortable apartments from the secondary market have become more expensive for Kazakhstanis, taking into account the average monthly salaries.

According to statistics, if in June 2020 for the purchase of an apartment of 40 sq. m. needed 42.56 average monthly wages, then in June this year 44.09 wages. In the current...

Comfortable apartments from the secondary market have become more expensive for Kazakhstanis, taking into account the average monthly salaries.

According to statistics, if in June 2020 for the purchase of an apartment of 40 sq. m. needed 42.56 average monthly wages, then in June this year 44.09 wages. In the current...

Regional News

28.07.2021

Russia sees rise in industrial confidence in July

Rosstat polls of 3.9 thousand company executives indicate an increase in entrepreneurial confidence in mining and processing. Taking into account the seasonality, the corresponding index in processing reached a maximum since the beginning of 2018, minus 0.4%, and in production it was minus 2% slightly better than in June, but...

Rosstat polls of 3.9 thousand company executives indicate an increase in entrepreneurial confidence in mining and processing. Taking into account the seasonality, the corresponding index in processing reached a maximum since the beginning of 2018, minus 0.4%, and in production it was minus 2% slightly better than in June, but...

28.07.2021

IMF upgrades Russia’s GDP growth outlook to 4.4% in 2021

Growth of Russian GDP will be 4.4% in 2021, the International Monetary Fund (IMF) says in its report on global economic development prospects.

The IMF has improved the estimate for this year by 0.6 percentage point as compared to its April paper.

At the same time, the Fund revised its outlook for...

Growth of Russian GDP will be 4.4% in 2021, the International Monetary Fund (IMF) says in its report on global economic development prospects.

The IMF has improved the estimate for this year by 0.6 percentage point as compared to its April paper.

At the same time, the Fund revised its outlook for...

28.07.2021

Bears dominate Russia’s currency, equity markets

The Russian rouble eased on Tuesday, having lost support from peak month-end tax payments, while a slight decline in oil prices put pressure on Russian stock indexes.

At 0755 GMT, the rouble was 0.3% weaker against the dollar at 73.89 and was down 0.1% to trade at 87.01 versus the euro.

The rouble...

The Russian rouble eased on Tuesday, having lost support from peak month-end tax payments, while a slight decline in oil prices put pressure on Russian stock indexes.

At 0755 GMT, the rouble was 0.3% weaker against the dollar at 73.89 and was down 0.1% to trade at 87.01 versus the euro.

The rouble...

28.07.2021

China markets depressed on red tape concerns

Hong Kong’s benchmark index and Chinese A-shares extended sharp losses to end at multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations.

What started off as a sell-off in shares bled into fixed income and foreign exchange markets by Tuesday afternoon, sending the yuan falling...

Hong Kong’s benchmark index and Chinese A-shares extended sharp losses to end at multi-month closing lows on Tuesday, as investors worried over the impact of tighter government regulations.

What started off as a sell-off in shares bled into fixed income and foreign exchange markets by Tuesday afternoon, sending the yuan falling...

28.07.2021

China's industrial firms report steady profit growth in H1

China's major industrial companies saw a steady increase in profits in the first half of this year amid a stable recovery in market demand and improving business performance, official data showed on Tuesday.

Industrial firms with an annual business turnover of at least 20 million yuan (about 3.09 million U.S. dollars)...

China's major industrial companies saw a steady increase in profits in the first half of this year amid a stable recovery in market demand and improving business performance, official data showed on Tuesday.

Industrial firms with an annual business turnover of at least 20 million yuan (about 3.09 million U.S. dollars)...

Prices and Statistics

28.07.2021

Commodities

Date: July 28, 2021; Source: Bloomberg.com

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Date: July 28, 2021; Source: Bloomberg.com

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28.07.2021

Exchange Rates

Date: July 28, 2021; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 424.37
1 EURO EUR / KZT 499.91
1 RUSSIAN ROUBLE RUB / KZT 5.75
1 CHINESE YUAN CNY / KZT 65.28
1 KYRGYZIAN SOM KGS / KZT 5.03
1 GREAT BRITAIN POUND GBP / KZT 584.7
1 CANADIAN DOLLAR CAD / KZT 337.61
1 AUSTRALIAN DOLLAR AUD / KZT 312.21
...

Date: July 28, 2021; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

424.37

1 EURO

EUR / KZT

499.91

1 RUSSIAN ROUBLE

RUB / KZT

5.75

1 CHINESE YUAN

CNY / KZT

65.28

1 KYRGYZIAN SOM

KGS / KZT

5.03

1 GREAT BRITAIN POUND

GBP / KZT

584.7

1 CANADIAN DOLLAR

CAD / KZT

337.61

1 AUSTRALIAN DOLLAR

AUD / KZT

312.21