At a meeting of the Council of Heads of State of the Commonwealth of Independent States, President of the Republic of Kazakhstan Kassym-Jomart Tokayev spoke about the effectiveness of the QazVac vaccine.

“Overcoming the negative consequences of the pandemic is one of the most pressing topics on our agenda. In the...

Since the beginning of the year, almost 17.2 thousand legal entities have been liquidated in Kazakhstan, which is 35.5% more than in the same period in 2020. According to the National Statistics Bureau, over 9 months of 2021, the industry of trade, auto and motorcycle repairs suffered the most more...

In January-September 2021, 31.9 thousand offenses under the article for fraud were registered in the country, which is 39% more than a year earlier.

For comparison, in the same period of 2020, 23 thousand cases of fraud were recorded, minus 4.4% on-year.

More than half of all cases this year were Internet...

At the end of 2020, 695.3 thousand people with disabilities lived in the country. Over the year, the number of Kazakhstanis with special needs has hardly changed. Of these, 94.7 thousand people are children, which is 3.4% more than a year earlier.

Most people with disabilities lived in the Turkestan region...

Kazakhstan won a case in Paris for 6.7 billion tenge, citing the Ministry of Justice. According to the department, on October 12, the Paris court ruled in favour of Kazakhstan on the claim of the company Tasyapi Insaat Taahhut San. ve Ticaret A.S. (Tasyapi Insaat Taahhut San. Ve Ticaret A.S....

The average nominal salary of a Kazakhstani worker in September 2021 amounted to 257,030 tenge. According to the National Statistics Bureau, the figure has been growing since last autumn. In October 2020, it amounted to 209,818 tenge, in November to 211,033 tenge, in December to 220,848 tenge, in January 2021...

In the past 24 hours, Kazakhstan has recorded 1,642 fresh cases of the coronavirus infection, down 163 from the previous day, as of Monday morning. Almaty city again registered the highest daily number of new cases of the coronavirus infection with 318. Ranked second is the Kazakh capital, Nur-Sultan, with...

The National Bank showed the greatest increase in debt. According to the regulator, as of July 1, 2021, in the structure of liabilities, the main part is occupied by intercompany debt at $100.2 billion (-1% compared to the same period in 2020). This is followed by other sectors, where debt,...

The average citizen of Kazakhstan holds 642 thousand tenge in bank accounts, which is equivalent to the average per capita income of a Kazakhstani for 5 months. Only in two regions this amount turned out to be higher than in the whole country. The inflow of client funds into the...

The Kazakhstan Stock Exchange plans to create a separate platform for foreign shares. "The exchange has long been engaged in the issue of creating a separate platform for foreign stocks. This is due to the growing interest of investors in the US stock market. We are considering this initiative to...

The Financial Market Regulatory Agency told about what is happening with the sale of overdue loans in Kazakhstan. In response to an official request, the department reported that, according to Resolution No. 84, a bank or a microfinance institution has the right to assign a loan to a collection agency....

Trade turnover between Kazakhstan and the countries of the Shanghai Cooperation Organisation for 7 months of this year amounted to $26.8 billion, which is 14.2% higher than the same period last year. Vice Minister of National Economy of Kazakhstan Alibek Kuantyrov said this at a meeting of SCO ministers responsible...

The plan for tax revenues to the state budget of Kazakhstan for January-September 2021 was fulfilled by 103.8%: while the plan was 7,263.7 billion tenge, 7,538.2 billion tenge were received. The amount of overfulfilment is 274.5 billion tenge, with reference to the press service of the State Revenue Committee.

Compared to...

The weighted average dollar rate on the Kazakhstan Stock Exchange on October 15, 2021 at 17:00 amounted to 425.83 tenge. During the trading week, the national currency weakened by 1.25 tenge. On Monday, October 11, the weighted average rate at 15:30 amounted to 424.53 tenge per dollar, on Friday, October...

The dollar edged lower against a basket of major currencies on Friday, on track to break its five-week winning streak, as global risk appetite rebounded, reducing demand for the safe-haven currency.

Global stock markets have rallied this week as fears about a stagflationary economy have been eased by forecast-beating corporate earnings in the...

European shares finished higher on Friday as strong US corporate earnings overnight helped to drive sentiment."Earnings season has only just begun to hit its stride, but if it continues in a similar vein to the past few days equities will continue to find support," said IG chief market analyst Chris Beauchamp.

"After a...

At a meeting of the Supreme Eurasian Economic Council, the heads of state of the Eurasian five made a decision to move to the second stage of creating common markets for oil and oil products in the EAEU. This project will undoubtedly ensure the deepening of integration in the space...

For the first time, a mobile hydrogen filling station will appear in Kazakhstan and a set of works to provide a gas station with hydrogen. This was reported by the press service of KazMunayGas.

KazMunayGas, Atyrau Refinery and Air Liquide Munai Tech Gases (Air Liquide division) signed a Memorandum of Understanding...

Transneft admits the suspension of the activities of its Belarusian subsidiary, which supplies oil products from Russian and Belarusian oil refineries in transit through Belarus to Hungary and Latvia.

This was announced by the President of Transneft Tokarev on October 13, 2021 on the sidelines of the Russian Energy Week.

The situation...

The Royal Dutch Shell, Kazakhstan’s top-ranking upstream operator and investor along with US Chevron and Italy’s Eni, has appointed Wael Sawan as head of its integrated gas and renewables division, replacing Maarten Wetselaar who will leave the energy company after 25 years.

Sawan currently heads Shell's oil and gas production, or...

Oil prices hit a fresh three-year high on Friday, climbing above $85 a barrel on forecasts of a supply deficit over the next few months as rocketing gas and coal prices stoke a switch to oil products.

Brent crude futures were up 80 cents, or 0.95%, to $84.80 a barrel at...

European wholesale gas prices were mixed on Friday morning, with the Dutch month-ahead up slightly of transit auctions next week but British prompt prices down on oversupply and milder temperatures.

The Dutch wholesale gas price for November rose by 2.49 euro to 100.00 euro per megawatt hour by 0758 GMT, having...

The countries of the Eurasian Economic Union in the formation of common markets for gas, oil and oil products to determine market prices for energy resources were offered to use indicators based on exchange trading.

This was announced in an interview by the chairman of the board of the Eurasian Economic...

2020 became a crisis year for national economies around the world, and Kazakhstan is no exception GDP decreased by 2.6%. Nevertheless, some industries were able to show growth. Among them, the mining and metallurgical complex, the production of mining and metallurgical products increased by 14.4%, reaching the level of 8.5...

Since the beginning of the year, the KASE Index has grown by 26.5% to 3,383.68 points. The total volume of transactions in index shares amounted to 124.4 billion tenge, with reference to the press service of the Kazakhstan Stock Exchange.

The growth leader among the shares of the KASE Index basket...

Gold prices fell on Friday as a rebound in U.S. bond yields and a surprise increase in September retail sales dented bullion’s safe-haven status.

Spot gold fell 1.5% to $1,768.38 per ounce by 01:43 p.m. ET (1743 GMT). U.S. gold futures settled down 1.7% at $1,768.30.

“Gold has everything going against it....

Copper on Friday was heading for its biggest weekly gain since 2016 as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom.

A rapid rise in the cost of energy and shortages of power in China have already forced zinc and aluminium smelters...

At 3 power plants in the north of Kazakhstan, power units with a total capacity of more than 1000 MW were emergency shutdown.

This was announced on October 15, 2021 by the press service of the Kazakh company for the management of electric grids KEGOC.

On October 14, 2021, with an interval...

In January-August 2021, paper and paper products in Kazakhstan were produced by 56.8 billion tenge, 5.4% more in value terms than a year earlier. Real growth in industrial production in the sector was 3.7%.

The largest production volume fell on the Almaty region at 19.3 billion tenge, plus 38.7% on-year. The...

Kazakhstan ranked last in the ranking of 40 European countries in terms of the share of household spending on food. If residents of developed European countries spend 8-12% of their income on food, then Kazakhstanis spend almost half. The share of expenses for primary needs in Kazakhstan has been growing...

Over 8 months of 2021, Kazakhstan's exports to 11 countries are estimated in billions. Among the main partners, Spain significantly increased supplies from Kazakhstan by 83.8%, exceeding $1.1 billion in January-August 2021. This is evidenced by data from the National Statistics Bureau.

Exports to the Netherlands for the reporting period increased...

President of Kazakhstan Kassym-Jomart Tokayev suggested the CIS member states mapping out the development strategy of food systems’ interaction at the meeting of the CIS Heads of State Council held online and chaired by Belarus.

Addressing the participants of the virtual meeting, the Head of State also pointed to the need...

In January-September 2021, the gross output of products and services of the agricultural, forestry and fishery industries in Kazakhstan totaled 5.52 tln KZT, an increase of 1.4% compared with the same period last year, reported the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan (KazStat).

In...

Four projects with foreign participation will be launched in the Almaty region. This was reported in the regional administration. New facilities will be opened in the agro-industrial complex in 2021-2025. According to the information, the total cost is 68.8 billion tenge, 417 jobs will be created.

According to the information provided,...

The other day, an official message came: at a meeting of the government of Kazakhstan, the National Project for the Development of the Agro-Industrial Complex for 2021-2025 was considered. This is within the framework of the instructions of the President of the country regarding the development of agriculture.

The project, as...

Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said.

Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department...

The reentry module of Russia’s Soyuz MS-18 spacecraft, carrying cosmonaut Oleg Novitsky, actress Yulia Peresild and film director Klim Shipenko, landed in Kazakhstan on Sunday, according to a live broadcast by Russia’s state-run space corporation Roscosmos.

Rescuers are currently approaching the capsule to help crew members leave it. The actress and...

Violations for 163.9 million tenge were revealed by the Accounts Committee during the audit of Kazpost. It is reported that the inspections affected the activities of the national operator from 2018 to 2020.

According to the results of the state audit, financial violations were revealed in the amount of 163.9 million...

The construction of the satellite city Gate City was discussed in the Almaty region, with reference to the regional administration. According to the press service, it is planned to build more than 450 thousand square metres of housing, several schools, kindergartens, medical outpatient clinics, as well as parks and squares.

In...

The new issue of the bulletin Comments on Government and Business by the HSE Development Centre is devoted to the analysis of imports in September 2021. According to the Federal Customs Service, the cost of importing goods from non-CIS countries in the past month was 23% higher than a year...

Russia’s Economic Development Minister Maxim Reshetnikov said that the inflation forecast for the 2021 has been increased from 5.8% to 7.4% Experts deem that inflation is a global problem, not a local one, and that strengthening the rouble could lead to slower price hikes.

Food item inflation is perhaps the biggest...

The Russian rouble firmed to its highest level in nearly 15 months and stocks hovered near all-time peaks on Friday, buttressed by rising prices for oil, the country's main export.

At 0724 GMT, the rouble was 0.1% stronger against the dollar at 71.28 after touching 71.23, its strongest level since late...

Chinese shares ended higher on Friday, supported by gains in tech and financial firms, but sentiment remained cautious as investors balanced expectations of policy easing against worries of a slowing economy.

At the close, the Shanghai Composite index was up 0.4% at 3,572.37. The blue-chip CSI300 index was up 0.38%, with...

Merchandise exports soared 28.1% year-on-year in September, on the heels of August’s 25.6% upturn and overshooting market expectations. Exports likely benefited from the taming of the domestic Covid-19 outbreak, with shipments to key markets such as the U.S., EU and ASEAN all up sharply. Meanwhile, merchandise imports jumped 17.6% on...

In September, Chinese banks distributed CNY 1.7 trillion (roughly USD 260 billion) in new yuan loans, up from August’s 1.2 trillion figure.Annual growth in M2 money supply edged up from 8.2% in August to 8.3% in September, while annual growth in the stock of total social financing (TSF)—a broader measure...

Date: October 18, 2021; Source: the National Bank of Kazakhstan