Issue 4403 - 27.02.2024
27.02.2024

President Tokayev extends congratulations to Recep Tayyip Erdogan on his 70th anniversary

Kassym-Jomart Tokayev congratulated Recep Tayyip Erdogan on his 70th anniversary. The Head of State wished the President of Türkiye every success and expressed confidence that the brotherly country would continue on the path of progressive development and strengthening of its authority in the world community because of his far-sighted policies and tireless work.

During the conversation, the leaders exchanged views on the development of comprehensive strategic cooperation between Kazakhstan and Türkiye, paying special attention to the expansion of partnership in trade, economic and investment spheres.

The parties also discussed the implementation of the agenda of Kazakhstan's chairmanship in the Organization of Turkic States.

By Kazinform

Kazakhstan General

27.02.2024

Over million Kazakhstanis work overtime

More than 1.4 million Kazakhstanis work overtime. In the fourth quarter of last year, the number of employed people reached 9 million people. Of these, 7.1 million people worked 36-40 hours a week, and 1.4 million people worked more than 40 hours a week, reports the Bureau of National Statistics.

According...

More than 1.4 million Kazakhstanis work overtime. In the fourth quarter of last year, the number of employed people reached 9 million people. Of these, 7.1 million people worked 36-40 hours a week, and 1.4 million people worked more than 40 hours a week, reports the Bureau of National Statistics.

According...

27.02.2024

Regions of Kazakhstan with highest salaries in 2023 listed

How wages have changed and in which segments there has been the largest increase in 2023, as well as where in Kazakhstan the highest wage levels are observed.

Wage growth in 2023 remained at the level of 2022, notes the Ernst & Young Kazakhstan review. Last year, salaries increased by 13%....

How wages have changed and in which segments there has been the largest increase in 2023, as well as where in Kazakhstan the highest wage levels are observed.

Wage growth in 2023 remained at the level of 2022, notes the Ernst & Young Kazakhstan review. Last year, salaries increased by 13%....

27.02.2024

Kazakhstan ranks between Belarus and Botswana in terms of passport strength

According to the Passport Index World Passport Strength Rating, presented by the financial consulting company Arton Capital, the strongest this year is the UAE passport, which was awarded 179 points on the freedom of movement indicator.

The freedom of movement score is determined by the number of countries that can be...

According to the Passport Index World Passport Strength Rating, presented by the financial consulting company Arton Capital, the strongest this year is the UAE passport, which was awarded 179 points on the freedom of movement indicator.

The freedom of movement score is determined by the number of countries that can be...

Finance and Investment

27.02.2024

Kazakhstan lowers basic interest rate as inflation cools down, economy picks up

National Bank Chairman Timur Suleimenov announced that the bank’s Monetary Policy Committee reduced the base rate to 14.75% on Feb. 23, the bank’s press service reported. In a press statement, Suleimenov noted that one of the pivotal factors driving this decision is the trajectory of annual inflation, which is exhibiting...

National Bank Chairman Timur Suleimenov announced that the bank’s Monetary Policy Committee reduced the base rate to 14.75% on Feb. 23, the bank’s press service reported. In a press statement, Suleimenov noted that one of the pivotal factors driving this decision is the trajectory of annual inflation, which is exhibiting...

27.02.2024

Kazakhstan wants to boost economy using money from quasi-state companies and Unified Pension Fund

Attracting pension money for venture funds can become a catalyst for the formation of the country's modern economy. This opinion was expressed by the interviewed professional participants.

In the conversation, Yaroslav Kabakov, director of strategy for the investment company Finam, noted that the proposal by the Ministry of Digital Development to...

Attracting pension money for venture funds can become a catalyst for the formation of the country's modern economy. This opinion was expressed by the interviewed professional participants.

In the conversation, Yaroslav Kabakov, director of strategy for the investment company Finam, noted that the proposal by the Ministry of Digital Development to...

27.02.2024

Kaspi.kz leaves London Stock Exchange

Fintech group Kaspi.kz intends to delist American depositary shares (ADS) and global depositary receipts (GDR) from the London Stock Exchange (LSE) no later than March 25. This was said in a statement.

The decision was made due to low trading volume on the London Stock Exchange. The group called the costs...

Fintech group Kaspi.kz intends to delist American depositary shares (ADS) and global depositary receipts (GDR) from the London Stock Exchange (LSE) no later than March 25. This was said in a statement.

The decision was made due to low trading volume on the London Stock Exchange. The group called the costs...

27.02.2024

Kazakhstanis accumulate 18.1 trillion tenge in pension accounts

As of February 1, 2024, pension savings of Kazakhstanis amounted to more than 18.1 trillion tenge. In the first month of 2024, the figure increased by 240.5 billion tenge or 1.3%. Compared to the same date last year, the volume of pension savings increased by 3.3 trillion tenge or 21.9%,...

As of February 1, 2024, pension savings of Kazakhstanis amounted to more than 18.1 trillion tenge. In the first month of 2024, the figure increased by 240.5 billion tenge or 1.3%. Compared to the same date last year, the volume of pension savings increased by 3.3 trillion tenge or 21.9%,...

27.02.2024

Weighted average dollar rate on Kazakhstan Stock Exchange reaches 449.62 tenge

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on February 26, 2024 at 17:00 amounted to 449.62 tenge. Compared to the data at 17:00 on February 23 (450.05 tenge per 1 dollar), the national currency strengthened by 0.43 tenge against the dollar.

According to KASE information, the...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on February 26, 2024 at 17:00 amounted to 449.62 tenge. Compared to the data at 17:00 on February 23 (450.05 tenge per 1 dollar), the national currency strengthened by 0.43 tenge against the dollar.

According to KASE information, the...

27.02.2024

Greenback,stock markets lose ground with western economic trends in limbo

The dollar inched lower on Monday ahead of a macro-packed week that could shed more light on the global rate outlook, with a U.S. inflation reading taking centre stage.

The core personal consumption expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation, is due on Thursday, with a 0.4%...

The dollar inched lower on Monday ahead of a macro-packed week that could shed more light on the global rate outlook, with a U.S. inflation reading taking centre stage.

The core personal consumption expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation, is due on Thursday, with a 0.4%...

Oil and Gas Sector

27.02.2024

Kazakhstan takes third place in oil exports to European Union

The United States of America maintains a leading position in the list of countries exporting oil to the European Union. Kazakhstan took an unexpected position on this list.

Last year, the United States sold 67 million tonnes of oil worth $45.3 billion.

Next comes Norway, which sold 53.6 million tonnes of oil...

The United States of America maintains a leading position in the list of countries exporting oil to the European Union. Kazakhstan took an unexpected position on this list.

Last year, the United States sold 67 million tonnes of oil worth $45.3 billion.

Next comes Norway, which sold 53.6 million tonnes of oil...

27.02.2024

KazMunayGas reports on export shipment of first batch of gas condensate from Rozhkovsky

The first batch of 4.2 thousand tonnes of gas condensate from the Rozhkovskoye gas condensate field launched in December last year was exported in January, KazMunayGas reported.

“Since the beginning of the commissioning of the Rozhkovskoye field (December 21, 2023), in January 2024, the first shipment of gas condensate for export...

The first batch of 4.2 thousand tonnes of gas condensate from the Rozhkovskoye gas condensate field launched in December last year was exported in January, KazMunayGas reported.

“Since the beginning of the commissioning of the Rozhkovskoye field (December 21, 2023), in January 2024, the first shipment of gas condensate for export...

27.02.2024

Kazakhstan's Kyzylorda region increases gas production

More gas will be produced in the Kyzylorda region. Details were announced in Kazgermunai.

According to the oil producing company, oil production in this region in 2024 will decrease by 13%, to 1 billion tonnes. This is due to the natural development of deposits.

The planned volume of gas production will increase...

More gas will be produced in the Kyzylorda region. Details were announced in Kazgermunai.

According to the oil producing company, oil production in this region in 2024 will decrease by 13%, to 1 billion tonnes. This is due to the natural development of deposits.

The planned volume of gas production will increase...

27.02.2024

KazMunayGas and Tatneft companies create joint venture to carry out geological exploration work

The KazMunayGas and Tatneft companies will create a joint venture to conduct geological exploration at the Karaton Podsolevoy subsoil site in the Atyrau region. This was reported by the press service of the Kazakh company.

On February 21, a purchase and sale agreement, a shareholders’ agreement and a financing agreement for...

The KazMunayGas and Tatneft companies will create a joint venture to conduct geological exploration at the Karaton Podsolevoy subsoil site in the Atyrau region. This was reported by the press service of the Kazakh company.

On February 21, a purchase and sale agreement, a shareholders’ agreement and a financing agreement for...

27.02.2024

Brent withers within mid-range on overpriced US dollar

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high U.S. interest rates that have been capping global fuel demand growth.

Brent crude futures fell 14 cents, or 0.2%, to $81.48 a barrel by 0656...

Oil prices fell on Monday, extending losses from the previous session after the dollar rose on market views that higher-than-expected inflation could delay cuts to high U.S. interest rates that have been capping global fuel demand growth.

Brent crude futures fell 14 cents, or 0.2%, to $81.48 a barrel by 0656...

27.02.2024

Natural gas benchmarks hover on losing end

The European benchmark wholesale gas price declined on Monday, remaining near its lowest level in around three years, as weak demand and high storage inventories outweighed cold weather forecasts and lower renewables output.

The benchmark front-month contract at the Dutch TTF hub was down 0.37 euro at 23.08 euro per megawatt hour...

The European benchmark wholesale gas price declined on Monday, remaining near its lowest level in around three years, as weak demand and high storage inventories outweighed cold weather forecasts and lower renewables output.

The benchmark front-month contract at the Dutch TTF hub was down 0.37 euro at 23.08 euro per megawatt hour...

Metals and Minerals

27.02.2024

Kazatomprom becomes world’s most productive uranium miners

Kazatomprom National Atomic Company claims top position among the leading global uranium producers, according to Insider Monkey, a financial website specializing in insider trading and hedge fund data, on Feb. 23.

As Kazakhstan’s national operator for uranium export and import, nuclear power plant fuel, and related technologies, the company contributes 23%...

Kazatomprom National Atomic Company claims top position among the leading global uranium producers, according to Insider Monkey, a financial website specializing in insider trading and hedge fund data, on Feb. 23.

As Kazakhstan’s national operator for uranium export and import, nuclear power plant fuel, and related technologies, the company contributes 23%...

27.02.2024

Polymetal does not plan to initiate delisting from Moscow Exchange

Polymetal does not intend to initiate delisting from the Moscow Exchange, the company said.

Polymetal also confirms that the transfer to the third level of listing does not affect the exchange announced on November 23, 2023 of shares affected by EU sanctions against NSD.

On February 20, 2024, in accordance with the...

Polymetal does not intend to initiate delisting from the Moscow Exchange, the company said.

Polymetal also confirms that the transfer to the third level of listing does not affect the exchange announced on November 23, 2023 of shares affected by EU sanctions against NSD.

On February 20, 2024, in accordance with the...

27.02.2024

Bullion and peers back off pending inflation updates

Gold slipped on Monday as markets pared back expectations of the Federal Reserve's easing cycle and cautiously awaited a key inflation reading this week, which is likely to provide cues on the timing of interest rate cuts.

Spot gold edged down 0.2% at $2,030.86 per ounce as of 1209 GMT, after...

Gold slipped on Monday as markets pared back expectations of the Federal Reserve's easing cycle and cautiously awaited a key inflation reading this week, which is likely to provide cues on the timing of interest rate cuts.

Spot gold edged down 0.2% at $2,030.86 per ounce as of 1209 GMT, after...

27.02.2024

Ferrous, coal benchmarks hit bottom as demand fails to pick up

Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns.

The most-traded May iron ore on China’s Dalian Commodity Exchange ended daytime trade 3.21% lower at 875 yuan ($121.57) per...

Iron ore futures tumbled on Monday to their lowest level in four months as higher inventories in key buyer China and slower construction activity due to unfavourable weather raised demand concerns.

The most-traded May iron ore on China’s Dalian Commodity Exchange ended daytime trade 3.21% lower at 875 yuan ($121.57) per...

27.02.2024

Zinc appreciates as other base metals post losses

Aluminium prices hit a one-month low on Monday after inventories in Shanghai jumped and the United States did not impose sanctions on Russian metal.

Benchmark aluminium on the London Metal Exchange rose 0.2% to $2,185 a metric ton in official rings from an earlier $2,175, its lowest since Jan. 23. It...

Aluminium prices hit a one-month low on Monday after inventories in Shanghai jumped and the United States did not impose sanctions on Russian metal.

Benchmark aluminium on the London Metal Exchange rose 0.2% to $2,185 a metric ton in official rings from an earlier $2,175, its lowest since Jan. 23. It...

Energy Industry

27.02.2024

Ust-Kamenogorsk titanium-magnesium plant receives Kazakh head of state

Kazakh President Kassym-Jomart Tokayev was informed about the current production state and development prospects of the Ust-Kamenogorsk titanium-magnesium plant. The plant is among the world’s major vertically integrated manufacturers of titanium sponge, ingots and alloys with a full production cycle from raw material extraction to end-product output.

The plant’s production structure...

Kazakh President Kassym-Jomart Tokayev was informed about the current production state and development prospects of the Ust-Kamenogorsk titanium-magnesium plant. The plant is among the world’s major vertically integrated manufacturers of titanium sponge, ingots and alloys with a full production cycle from raw material extraction to end-product output.

The plant’s production structure...

27.02.2024

Turkestan region of Kazakhstan has 21 renewable energy facilities

The Turkestan region has high potential for the development of renewable energy sources. The region is the leader in the republic in terms of the capacity of renewable energy sources. Vice Minister of Energy Alibek Zhamauov said this on February 23 at a meeting with residents of the region.

“There are...

The Turkestan region has high potential for the development of renewable energy sources. The region is the leader in the republic in terms of the capacity of renewable energy sources. Vice Minister of Energy Alibek Zhamauov said this on February 23 at a meeting with residents of the region.

“There are...

27.02.2024

Kazakhstan invests over $110m in renewable energy in 2024

Kazakhstan plans to invest 50 billion tenge ($110.7 million) in renewable energy sources in 2024. This allocation includes nine billion tenge ($19.9 million) for wind power stations, 13 billion tenge ($28.7 million) for solar power stations, and 28 billion tenge ($62 million) for hydroelectric power stations.

In 2024, the country aims...

Kazakhstan plans to invest 50 billion tenge ($110.7 million) in renewable energy sources in 2024. This allocation includes nine billion tenge ($19.9 million) for wind power stations, 13 billion tenge ($28.7 million) for solar power stations, and 28 billion tenge ($62 million) for hydroelectric power stations.

In 2024, the country aims...

Manufacturing industry

27.02.2024

Kazakhstanis increase purchases of detergents, cleaners and cosmetics by a third

Kazakhstanis increased purchases of soap, detergents, cleaning products, perfumes and cosmetics. According to the Bureau of National Statistics, in January-December 2023, the total volume of such products sold in the domestic market approached 350.6 thousand tonnes - 33.9% more than in the same period of 2022. The figure can be...

Kazakhstanis increased purchases of soap, detergents, cleaning products, perfumes and cosmetics. According to the Bureau of National Statistics, in January-December 2023, the total volume of such products sold in the domestic market approached 350.6 thousand tonnes - 33.9% more than in the same period of 2022. The figure can be...

27.02.2024

Factory appears in Kazakhstan's Aktobe region

In the Aktobe region they want to launch 27 projects this year. Among them is the construction of a plant for the production of nonwoven materials and a factory for dry magnetic separation of iron ores.

As reported by the regional administration, the total investment volume is estimated at 201.01 billion...

In the Aktobe region they want to launch 27 projects this year. Among them is the construction of a plant for the production of nonwoven materials and a factory for dry magnetic separation of iron ores.

As reported by the regional administration, the total investment volume is estimated at 201.01 billion...

27.02.2024

Investment projects worth 578 billion tenge in Kazakhstan's Kyzylorda region face problems

In the Kyzylorda region, following the measures of prosecutors, problematic issues on five investment projects with a total value of 578 billion tenge have been eliminated, the press service of the regional prosecutor’s office reports.

“Under the chairmanship of the regional prosecutor Ozharov, with the participation of representatives of government bodies...

In the Kyzylorda region, following the measures of prosecutors, problematic issues on five investment projects with a total value of 578 billion tenge have been eliminated, the press service of the regional prosecutor’s office reports.

“Under the chairmanship of the regional prosecutor Ozharov, with the participation of representatives of government bodies...

27.02.2024

Fire occurs at machine-building plant in Kazakhstan's Karaganda

A fire broke out at a machine-building plant in Karaganda, the press service of the Ministry of Emergency Situations reports.

“At 06:32 in Karaganda in the area named after Bokeikhanov on the territory of the Karaganda Machine-Building Plant named after Parkhomenko the wooden sheathing of the workshop roof caught fire. The...

A fire broke out at a machine-building plant in Karaganda, the press service of the Ministry of Emergency Situations reports.

“At 06:32 in Karaganda in the area named after Bokeikhanov on the territory of the Karaganda Machine-Building Plant named after Parkhomenko the wooden sheathing of the workshop roof caught fire. The...

27.02.2024

Kazakhstan plans to inspect 300 asphalt concrete plants

KazdorNII specialists will check the readiness of all asphalt concrete plants in Kazakhstan for the new construction season and high-quality production of asphalt concrete mixtures, as well as laboratories where materials are tested, with reference to the press service of the Ministry of Transport.

Currently, a commission of experts and scientists...

KazdorNII specialists will check the readiness of all asphalt concrete plants in Kazakhstan for the new construction season and high-quality production of asphalt concrete mixtures, as well as laboratories where materials are tested, with reference to the press service of the Ministry of Transport.

Currently, a commission of experts and scientists...

Agriculture

27.02.2024

Export price of sprouted wheat from Kazakhstan may rise to $200 per tonne

Kazakh grain traders expect prices for sprouted wheat to rise to $195-200 per tonne in March (the current price is $165-170/tonne at the border station). The reason for the expected rise in price is the resumption of grain supplies to China by grain wagons.

Shipments were suspended for two months, from...

Kazakh grain traders expect prices for sprouted wheat to rise to $195-200 per tonne in March (the current price is $165-170/tonne at the border station). The reason for the expected rise in price is the resumption of grain supplies to China by grain wagons.

Shipments were suspended for two months, from...

27.02.2024

Southern regions of Kazakhstan test Hungarian moisture retention technologies

Minister of Water Resources and Irrigation Nurzhan Nurzhigitov met with representatives of the Hungarian company Water&Soil, which develops preparations for agricultural fields. The parties discussed the use of the company’s latest developments in Kazakhstan, the press service of the relevant department reports.

In particular, Water&Soil have developed an organic preparation to...

Minister of Water Resources and Irrigation Nurzhan Nurzhigitov met with representatives of the Hungarian company Water&Soil, which develops preparations for agricultural fields. The parties discussed the use of the company’s latest developments in Kazakhstan, the press service of the relevant department reports.

In particular, Water&Soil have developed an organic preparation to...

27.02.2024

Irrigation water supply to Kazakh farmers begins in April

Since 2024, the cost of irrigation water supply services for farmers in the south of the country has decreased. This became possible due to the fact that in preparation for the irrigation season, the Kazvodkhoz enterprise enters into direct contracts with consumers. This eliminates intermediaries. Accordingly, the cost of services...

Since 2024, the cost of irrigation water supply services for farmers in the south of the country has decreased. This became possible due to the fact that in preparation for the irrigation season, the Kazvodkhoz enterprise enters into direct contracts with consumers. This eliminates intermediaries. Accordingly, the cost of services...

27.02.2024

Kazakhstan notes 15% annual increase of area under oilseeds

In recent years, the area planted with oilseeds in Kazakhstan has increased annually by 12-15%, as the demand for these products remains high. This was announced by the director of the Oilseeds Experimental Farm LLP Farid Abitaev at a meeting with the President of the Republic of Kazakhstan Kassym-Jomart Tokayev.

As...

In recent years, the area planted with oilseeds in Kazakhstan has increased annually by 12-15%, as the demand for these products remains high. This was announced by the director of the Oilseeds Experimental Farm LLP Farid Abitaev at a meeting with the President of the Republic of Kazakhstan Kassym-Jomart Tokayev.

As...

27.02.2024

Abundant harvests subdue US grain benchmarks

Chicago corn, wheat and soybeans fell on Monday, giving up early gains as focus returned to large world supplies and expectations of bumper South American harvests which last week pushed corn to its lowest in around three years.

A firmer dollar, making U.S. grains more expensive in export markets, also weighed.

Chicago...

Chicago corn, wheat and soybeans fell on Monday, giving up early gains as focus returned to large world supplies and expectations of bumper South American harvests which last week pushed corn to its lowest in around three years.

A firmer dollar, making U.S. grains more expensive in export markets, also weighed.

Chicago...

Communications and Transportation

27.02.2024

Kazakhstan, Russia and Turkmenistan team up to develop North-South transport corridor

A meeting on the development of the North-South and Trans-Caspian International Transport Route transport corridors with the participation of Kazakh deputy prime minister Serik Zhumagarin took place in Mangistau.

During the meeting, it was noted that the North-South corridor across which goods are transported between Aktau and northern Iran is the...

A meeting on the development of the North-South and Trans-Caspian International Transport Route transport corridors with the participation of Kazakh deputy prime minister Serik Zhumagarin took place in Mangistau.

During the meeting, it was noted that the North-South corridor across which goods are transported between Aktau and northern Iran is the...

27.02.2024

Kazakhstan reports decline in exports amid falling global prices

Kazakhstan saw fall in earnings from exports of certain commodities in 2023 due to declining prices. The major reason (for fall in earnings from exports) is declining prices, the QazTrade trade policy promotion center said. So, prices for unrefined sunflower oil have been down since October 2022, declining 31% in...

Kazakhstan saw fall in earnings from exports of certain commodities in 2023 due to declining prices. The major reason (for fall in earnings from exports) is declining prices, the QazTrade trade policy promotion center said. So, prices for unrefined sunflower oil have been down since October 2022, declining 31% in...

27.02.2024

Kcell helps Kazakhstan rise to 23 positions in Global Speedtest Index

The world leader in the field of network analytics, Ookla, presented its traditional Speedtest Global Index rating for 2023, in which Kazakhstan took 72nd place among 146 countries, immediately rising by 23 positions from 95th in 2022.

According to company analysts, mobile download speed in the republic has improved by 61%...

The world leader in the field of network analytics, Ookla, presented its traditional Speedtest Global Index rating for 2023, in which Kazakhstan took 72nd place among 146 countries, immediately rising by 23 positions from 95th in 2022.

According to company analysts, mobile download speed in the republic has improved by 61%...

27.02.2024

Kazakhstan transports 2.1 million tonnes of cargo along North-South corridor

The volume of cargo transported by Kazakhstan by rail along the North-South transport corridor in 2023 amounted to 2.1 million tonnes, which is 4% more than in 2022.

This was reported by the press service of the Government of Kazakhstan following a meeting with the participation of Deputy Prime Minister Serik...

The volume of cargo transported by Kazakhstan by rail along the North-South transport corridor in 2023 amounted to 2.1 million tonnes, which is 4% more than in 2022.

This was reported by the press service of the Government of Kazakhstan following a meeting with the participation of Deputy Prime Minister Serik...

27.02.2024

Kazakhstan introduces restrictions on heavy trucks in eight regions from March 1

Every year in the spring, a temporary restriction on the movement of vehicles with a single axle load of over 8 tonnes is introduced to preserve roads of national importance after winter. From March 1, such rules will be in force on highways in eight regions, with reference to the...

Every year in the spring, a temporary restriction on the movement of vehicles with a single axle load of over 8 tonnes is introduced to preserve roads of national importance after winter. From March 1, such rules will be in force on highways in eight regions, with reference to the...

27.02.2024

Kazakhstan plans to complete road construction in 2024

This year, 2,091 kilometres of new and updated roads of national importance are expected to be put into operation. Vice-Minister Satzhan Ablaliev announced this at an extended meeting of the board of the Ministry of Transport, the press service of the department reports.

In 2024, repair, construction and reconstruction of 5.3...

This year, 2,091 kilometres of new and updated roads of national importance are expected to be put into operation. Vice-Minister Satzhan Ablaliev announced this at an extended meeting of the board of the Ministry of Transport, the press service of the department reports.

In 2024, repair, construction and reconstruction of 5.3...

27.02.2024

Kazakhstan discusses introduction of digital tools in transportation process with partner countries

The Chairman of the Committee on Road Transport and Transport Control of the Ministry of Transport of Kazakhstan took part in the meeting of the heads of delegations of the Special Program for the Economies of Central Asia (SPECA) within the framework of the 86th session of the UNECE Inland...

The Chairman of the Committee on Road Transport and Transport Control of the Ministry of Transport of Kazakhstan took part in the meeting of the heads of delegations of the Special Program for the Economies of Central Asia (SPECA) within the framework of the 86th session of the UNECE Inland...

27.02.2024

First batch of Starlink equipment arrives to Kazakhstan

The first batch of Starlink equipment arrived in Kazakhstan 500 sets. This was announced by the Minister of Digital Development, Innovation and Aerospace Industry Bagdat Musin. He noted that he came to Almaty to personally check the process of accepting the equipment.

“Over the next week, delivery will begin to specific...

The first batch of Starlink equipment arrived in Kazakhstan 500 sets. This was announced by the Minister of Digital Development, Innovation and Aerospace Industry Bagdat Musin. He noted that he came to Almaty to personally check the process of accepting the equipment.

“Over the next week, delivery will begin to specific...

Real Estate and Construction

27.02.2024

Kazakhstan allocates funds from National Fund to complete long-term construction in Astana

Prime Minister Olzhas Bektenov, in response to a parliamentary request, said that the state allocated funds from the National Fund to complete problem houses.

“From 2019 to 2022, the construction of 118 problematic objects was completed in the city of Astana, housing issues of about 12 thousand shareholders were resolved. 214.6...

Prime Minister Olzhas Bektenov, in response to a parliamentary request, said that the state allocated funds from the National Fund to complete problem houses.

“From 2019 to 2022, the construction of 118 problematic objects was completed in the city of Astana, housing issues of about 12 thousand shareholders were resolved. 214.6...

27.02.2024

Kazakhstan's Aktobe region has 13 long-term construction sites

Contracting companies that intend to build a facility using budget funds will now be required to install video cameras at construction sites. Through them, the customer organisation will monitor the work of the builders and evaluate the progress of the construction itself. According to the press service of the regional...

Contracting companies that intend to build a facility using budget funds will now be required to install video cameras at construction sites. Through them, the customer organisation will monitor the work of the builders and evaluate the progress of the construction itself. According to the press service of the regional...

Pharmaceutical and Healthcare News

27.02.2024

Kazakhstan’s Kostanay region to spend KZT 4bn to purchase medical equipment

Governor Kumar Aksakalov and representatives of the healthcare department, and health professionals of the region convened to discuss public health and medical personnel policy issues.

The governor said for the past five years budget for public health services rose by 1.6 times to reach 106 billion tenge. He added this year...

Governor Kumar Aksakalov and representatives of the healthcare department, and health professionals of the region convened to discuss public health and medical personnel policy issues.

The governor said for the past five years budget for public health services rose by 1.6 times to reach 106 billion tenge. He added this year...

Regional News

27.02.2024

Good time for shopping and savings in Russia

Data from February FOM surveys for the Bank of Russia record a decrease in inflation expectations of citizens (from 12.7% to 11.9%) and companies (especially important in retail), and weekly Rosstat measurements indicate a dampening of inflation in the first half of February, which allowed observers to expect based on...

Data from February FOM surveys for the Bank of Russia record a decrease in inflation expectations of citizens (from 12.7% to 11.9%) and companies (especially important in retail), and weekly Rosstat measurements indicate a dampening of inflation in the first half of February, which allowed observers to expect based on...

27.02.2024

Risk appetite comes with sanctions at Moscow Exchange

The Russian stock market traditionally begins the new week with purchases. True, this time the growth was rather emotional. At 15:10 Moscow time, the Moscow Exchange index grew by 2.02% to 3,205.92 points, the RTS was in positive territory by 2.88% to 1,094.98 points.

All last week, investors were leaving risky...

The Russian stock market traditionally begins the new week with purchases. True, this time the growth was rather emotional. At 15:10 Moscow time, the Moscow Exchange index grew by 2.02% to 3,205.92 points, the RTS was in positive territory by 2.88% to 1,094.98 points.

All last week, investors were leaving risky...

27.02.2024

Russia’s economic growth expected to slow down in 2024

The Russian economy will grow by 1.2% this year, which is half government expectations and three times lower than last year. Such calculations were published by the Institute of National Economic Forecasting (INP) of the Russian Academy of Sciences based on economic statistics of recent months. Industrial production has not...

The Russian economy will grow by 1.2% this year, which is half government expectations and three times lower than last year. Such calculations were published by the Institute of National Economic Forecasting (INP) of the Russian Academy of Sciences based on economic statistics of recent months. Industrial production has not...

27.02.2024

Russia's foreign currency debts to be replaced

The supply on the replacement bond (SR) market is expanding, both due to new issues and new issuers. Since the beginning of the year, four more companies have made debut issues of such securities. Replacement bonds allow you to protect your investments from the weakening of the rouble, and their yield...

The supply on the replacement bond (SR) market is expanding, both due to new issues and new issuers. Since the beginning of the year, four more companies have made debut issues of such securities. Replacement bonds allow you to protect your investments from the weakening of the rouble, and their yield...

27.02.2024

Yuan retreats pending US policy eventuality

China's yuan inched lower against the dollar on Monday, not far from a key threshold, as markets await a string of U.S. economic data that could delay prospects for a Federal Reserve rate cut. Markets are paying close attention to U.S. core personal consumption expenditures price index - the Fed's...

China's yuan inched lower against the dollar on Monday, not far from a key threshold, as markets await a string of U.S. economic data that could delay prospects for a Federal Reserve rate cut. Markets are paying close attention to U.S. core personal consumption expenditures price index - the Fed's...

27.02.2024

Bears enter China stock markets following rally

China stocks slipped on Monday, after rising for nine consecutive sessions, as investors questioned whether the recent rally could be sustained.

China's blue-chip CSI300 Index was down 0.7% by the lunch break, while the Shanghai Composite Index lost 0.6%. The Hong Kong benchmark Hang Seng Index fell 0.7%.

The CSI300 Index has...

China stocks slipped on Monday, after rising for nine consecutive sessions, as investors questioned whether the recent rally could be sustained.

China's blue-chip CSI300 Index was down 0.7% by the lunch break, while the Shanghai Composite Index lost 0.6%. The Hong Kong benchmark Hang Seng Index fell 0.7%.

The CSI300 Index has...

27.02.2024

China's forex market transactions total 3.47 tln USD in January

The Chinese foreign exchange market recorded transactions worth a total of 24.67 trillion yuan (3.47 trillion U.S. dollars) in January, according to data released by the State Administration of Foreign Exchange on Monday.

The transaction volume of the client market was 3.76 trillion yuan, and that of the interbank market was...

The Chinese foreign exchange market recorded transactions worth a total of 24.67 trillion yuan (3.47 trillion U.S. dollars) in January, according to data released by the State Administration of Foreign Exchange on Monday.

The transaction volume of the client market was 3.76 trillion yuan, and that of the interbank market was...

27.02.2024

Value of China's privately offered funds hits 20.33 trln yuan by end-January

The value of China's privately offered funds stood at 20.33 trillion yuan (about 2.86 trillion U.S. dollars) at the end of January 2024, industrial data showed.

A breakdown of this total revealed that equity investment funds, with a total worth of 11.07 trillion yuan, formed the largest category, followed by securities...

The value of China's privately offered funds stood at 20.33 trillion yuan (about 2.86 trillion U.S. dollars) at the end of January 2024, industrial data showed.

A breakdown of this total revealed that equity investment funds, with a total worth of 11.07 trillion yuan, formed the largest category, followed by securities...

Prices and Statistics

27.02.2024

Commodities

Date: February 27, 2024; Source: Bloomberg.com
...

Date: February 27, 2024; Source: Bloomberg.com

27.02.2024

Exchange Rates

Date: February 27, 2024; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 449.96
1 EURO EUR / KZT 487.67
1 RUSSIAN ROUBLE RUB / KZT 4.86
1 CHINESE YUAN CNY / KZT 62.52
1 KYRGYZIAN SOM KGS / KZT 5.03
1 GREAT BRITAIN POUND GBP / KZT 570.5
1 CANADIAN DOLLAR CAD / KZT 332.79
1 AUSTRALIAN DOLLAR AUD / KZT 294.54
...

Date: February 27, 2024; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

449.96

1 EURO

EUR / KZT

487.67

1 RUSSIAN ROUBLE

RUB / KZT

4.86

1 CHINESE YUAN

CNY / KZT

62.52

1 KYRGYZIAN SOM

KGS / KZT

5.03

1 GREAT BRITAIN POUND

GBP / KZT

570.5

1 CANADIAN DOLLAR

CAD / KZT

332.79

1 AUSTRALIAN DOLLAR

AUD / KZT

294.54