Issue 3532 - 10.08.2020
10.08.2020

Abai urged not to live from holiday to holiday - Tokayev

The Kazakh people could not completely get rid of the "five enemies" mentioned by Abay in his work. President Kassym-Jomart Tokayev wrote about this in his article "Abai - Ruhani Reformer".

"Next year we will mark the 30th anniversary of Kazakhstan Independence. However, our society still shows some shortcomings about which the great thinker was so worried. Unfortunately, we could not completely get rid of the" five enemies "mentioned by Abai. Quite often we witness laziness, lofty talk among our citizens, who still gravitate towards an idle lifestyle, politicization of every social event, rather than everyday work," the President said.

In the publication, Tokayev noted that Abai urged not to live from holiday to holiday, but to get used to work, to grow spiritually.

"Abai's doctrines are relevant, topical to this day. That is why we never cease to admire the depth of his thoughts, the ability to foresee the challenges of the future. Abai's doctrines are relevant in a number of areas. First of all, it is achievement of knowledge. We can take a worthy place in the world only thanks to knowledge. Modern education opens up the way to the formation of an intellectual nation ", - the President said.

Secondly, it is nurturing. It is necessary to give the right guidance in life to the young generation. One must always remember the commandment of the great thinker: "Do not think about profit, think about honor, strive to know as much as possible."

“Thirdly, mastering new professions. The poet dreamed that every Kazakh would become a master of his craft. This is especially important in a rapidly changing, competitive world. Hakim Abai said: “Wealth dries up over time, but skill does not.” We must fundamentally change our attitude to work and development of new skills. The key to wealth and happiness is in your favorite profession, "the President of Kazakhstan continued.

Fourth, the problem of solidarity. Abai always put the unity and well-being of the society above all else. He called on the people to solidarity, saying that "if Kazakhs do not see each other as friends, then everything is in vain."

"Our country is going through a very difficult period, which requires from us mutual support, accord and even stronger unity. Abai tirelessly called for this, and turning to his work at such a difficult stage in our history is appropriate. Abai's words will never become outdated, they are understandable and universal. His thoughts and edifications, expressed in the perfect forms of poetry and prose, serve as a life guide to this day," Kassym-Jomart Tokayev wrote.

He noted that reflections on the future of our people, as well as compassion and love for people - these moral postulates of the great thinker are extremely relevant for the present generation of our country.

By Ekaterina Eliseeva for Kazakhstanskaya Pravda

Kazakhstan General

10.08.2020

Abai Day is celebrated in Kazakhstan

For the first time Kazakhstan celebrates the day of Abai.

The new holiday was approved only recently. Kazakhstanis do not rest on this day. Now, Abai Day in Kazakhstan will be marked on August 10 every year. It was on this day in 1845 that the great poet of the Kazakh...

For the first time Kazakhstan celebrates the day of Abai.

The new holiday was approved only recently. Kazakhstanis do not rest on this day. Now, Abai Day in Kazakhstan will be marked on August 10 every year. It was on this day in 1845 that the great poet of the Kazakh...

10.08.2020

Kazakhstan postpones population census to 2021

The census of the population of Kazakhstan has been postponed for a year due to the pandemic and will be held in October 2021, the press service of the Ministry of National Economy reported. "According to the decree of the Government of Kazakhstan of June 19, 2019, N419 On the...

The census of the population of Kazakhstan has been postponed for a year due to the pandemic and will be held in October 2021, the press service of the Ministry of National Economy reported. "According to the decree of the Government of Kazakhstan of June 19, 2019, N419 On the...

10.08.2020

Kazakh head of state, defence minister outline military policy to follow

President Kassym-Jomart Tokayev received Defence Minister, Nurlan Ermekbayev. The President, the Supreme Commander-in-Chief of the Armed Forces, heard the report of the Defence Minister on the course of combat and operational training of the armed forces, directions of the Kazakh army development.

Nurlan Yermekbayev briefed Kassym-Jomart Tokayev on the work of...

President Kassym-Jomart Tokayev received Defence Minister, Nurlan Ermekbayev. The President, the Supreme Commander-in-Chief of the Armed Forces, heard the report of the Defence Minister on the course of combat and operational training of the armed forces, directions of the Kazakh army development.

Nurlan Yermekbayev briefed Kassym-Jomart Tokayev on the work of...

10.08.2020

Kazakhstan plans to create vaccine against CVI together with Russia

President Kassym-Jomart Tokayev received the NWF Samruk-Kazyna JSC board chairman, Akhmetzhan Yessimov. The President was briefed on Samruk-Kazyna actions in the fight against the coronavirus pandemic.

Akhmetzhan Yesimov told Kassym-Jomart Tokayev that in March of this year the Fund had financed the purchase of 6 million protective masks for doctors, police...

President Kassym-Jomart Tokayev received the NWF Samruk-Kazyna JSC board chairman, Akhmetzhan Yessimov. The President was briefed on Samruk-Kazyna actions in the fight against the coronavirus pandemic.

Akhmetzhan Yesimov told Kassym-Jomart Tokayev that in March of this year the Fund had financed the purchase of 6 million protective masks for doctors, police...

10.08.2020

29 patients with coronavirus succumb during weekend Kazakhstan

In Kazakhstan, 46 people died from coronavirus and pneumonia on Saturday,. According to the Health Ministry, at the moment, 25,002 people continue to receive treatment for coronavirus infection, including 114 children. There are 5,039 patients in hospitals, 19,963 at the outpatient treatment.

130 people are in serious condition, 27 - extreme...

In Kazakhstan, 46 people died from coronavirus and pneumonia on Saturday,. According to the Health Ministry, at the moment, 25,002 people continue to receive treatment for coronavirus infection, including 114 children. There are 5,039 patients in hospitals, 19,963 at the outpatient treatment.

130 people are in serious condition, 27 - extreme...

10.08.2020

COVID-19-like pneumonia affects over 1,000 more Kazakhstanis, killing 15

1,011 cases of and 15 deaths from pneumonia flagged as pneumonia with coronavirus-like symptoms have been reported in the last 24 hours in Kazakhstan,

Thus, pneumonia with symptoms similar to COVID-19 has affected 13,121 people and killed 152 in the country since August 1.

The Health Ministry publishes daily updates on the...

1,011 cases of and 15 deaths from pneumonia flagged as pneumonia with coronavirus-like symptoms have been reported in the last 24 hours in Kazakhstan,

Thus, pneumonia with symptoms similar to COVID-19 has affected 13,121 people and killed 152 in the country since August 1.

The Health Ministry publishes daily updates on the...

10.08.2020

Kazakhstan and Turkey discussed issues of resuming flights

On August 7, in Ankara, a Kazakh delegation headed by Deputy Prime Minister of the Republic of Kazakhstan Yeraly Tugzhanov held a meeting with the Minister of Health of the Republic of Turkey Fahrettin Koca.

At the instruction of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, the delegation of...

On August 7, in Ankara, a Kazakh delegation headed by Deputy Prime Minister of the Republic of Kazakhstan Yeraly Tugzhanov held a meeting with the Minister of Health of the Republic of Turkey Fahrettin Koca.

At the instruction of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, the delegation of...

Finance and Investment

10.08.2020

Kazakhstanis send more and more money abroad

The value of funds sent abroad through international money transfer systems in June 2020 amounted to a record 92.8 billion tenge. This is 22.1 billion tenge higher than the last record figure reached in May of this year.

In quarantine April, the value of transfers abroad amounted to only 22.5 billion...

The value of funds sent abroad through international money transfer systems in June 2020 amounted to a record 92.8 billion tenge. This is 22.1 billion tenge higher than the last record figure reached in May of this year.

In quarantine April, the value of transfers abroad amounted to only 22.5 billion...

10.08.2020

Population's deposits in Kazakhstan banks in national currency reach 6 trillion tenge

As of July 24 of the current year, the exchange rate of the tenge against the US dollar amounted to 414.2 tenge. In March of this year, against the background of a collapse in oil prices, the exchange rate of the national currency of Kazakhstan dropped to a maximum of...

As of July 24 of the current year, the exchange rate of the tenge against the US dollar amounted to 414.2 tenge. In March of this year, against the background of a collapse in oil prices, the exchange rate of the national currency of Kazakhstan dropped to a maximum of...

10.08.2020

Economy of simple things: Kazakhstan approves projects worth 504.2 billion tenge

Prime Minister Askar Mamin chaired a meeting of the Project Office on Entrepreneurship. The interim results of the implementation of the Economy of Simple Things program of concessional lending, the issues of local content in public procurement, procurement of Samruk-Kazyna and subsoil users, as well as the results of a...

Prime Minister Askar Mamin chaired a meeting of the Project Office on Entrepreneurship. The interim results of the implementation of the Economy of Simple Things program of concessional lending, the issues of local content in public procurement, procurement of Samruk-Kazyna and subsoil users, as well as the results of a...

10.08.2020

National Welfare Fund of Kazakhstan pays $287 million in dividends to the government by the end of the year

The Samruk-Kazyna Kazakhstan National Welfare Fund will pay the government of the country 120 billion tenge of dividends by the end of this year. This was reported on Friday by the press service of the country's president following his meeting with the chairman of the NWF board, Akhmetzhan Yesimov.

“During the...

The Samruk-Kazyna Kazakhstan National Welfare Fund will pay the government of the country 120 billion tenge of dividends by the end of this year. This was reported on Friday by the press service of the country's president following his meeting with the chairman of the NWF board, Akhmetzhan Yesimov.

“During the...

10.08.2020

Kazakhstan evaluates entrepreneurship development

Prime Minister Askar Mamin held a meeting of the Project Office on entrepreneurship. The meeting examined the interim results of the concessional lending program "Economy of Simple Things", issues of local content in public procurement, procurement of NWF Samruk-Kazyna JSC and subsoil users, as well as the survey results of...

Prime Minister Askar Mamin held a meeting of the Project Office on entrepreneurship. The meeting examined the interim results of the concessional lending program "Economy of Simple Things", issues of local content in public procurement, procurement of NWF Samruk-Kazyna JSC and subsoil users, as well as the survey results of...

10.08.2020

Kazakhstan’s BTA Bank wins ruling against offshore funds investors

The BTA Bank, that was the leading bank of Kazakhstan in the 90s and early 2000s had been busted by the epic scale banking fraud and embezzlement case. It went bankrupt in 2009 and was bailed out by the state. Mukhtar Ablyazov, the owner of the bank and the mastermind...

The BTA Bank, that was the leading bank of Kazakhstan in the 90s and early 2000s had been busted by the epic scale banking fraud and embezzlement case. It went bankrupt in 2009 and was bailed out by the state. Mukhtar Ablyazov, the owner of the bank and the mastermind...

10.08.2020

Kazakhstan Stock Exchange index decreases on Friday by 0.34% to 2,440.47

As a result of trades in shares on the Kazakhstan Stock Exchange on Friday, the value of the KASE index decreased by 0.34% from 2,448.7 to 2,440.47.

The value of deals in shares, included to the KASE index representative list, decreased against the previous trading day by 28.3% and amounted to...

As a result of trades in shares on the Kazakhstan Stock Exchange on Friday, the value of the KASE index decreased by 0.34% from 2,448.7 to 2,440.47.

The value of deals in shares, included to the KASE index representative list, decreased against the previous trading day by 28.3% and amounted to...

10.08.2020

National Bank of Kazakhstan explains support mechanism for national currency

The National Bank told how seasonal and traditional factors affect the exchange rate of the national currency. Ivan Serdyuk, the Deputy Director of the monetary operations department of the main bank, noted that oil prices have shown a slight increase since the beginning of August. This is due to data...

The National Bank told how seasonal and traditional factors affect the exchange rate of the national currency. Ivan Serdyuk, the Deputy Director of the monetary operations department of the main bank, noted that oil prices have shown a slight increase since the beginning of August. This is due to data...

10.08.2020

Greenback veers up on Friday, posts weekly loss

The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines. The U.S. Labor Department’s report showed nonfarm payrolls increased by 1.76 million in July. While that was more...

The U.S. dollar bounced on Friday after U.S. job growth for July helped ease some investor worries on the U.S. labor market, but the currency logged a seventh straight week of declines. The U.S. Labor Department’s report showed nonfarm payrolls increased by 1.76 million in July. While that was more...

10.08.2020

Global equity markets face setback: it’s Trump again

World stocks ended four days of gains on Friday after U.S. President Donald Trump cranked up antagonism with Beijing by banning U.S. transactions with two popular Chinese apps: Tencent's WeChat and ByteDance's TikTok.

With second quarter GDP data showing double digit percentage declines for major economies that may be the worst...

World stocks ended four days of gains on Friday after U.S. President Donald Trump cranked up antagonism with Beijing by banning U.S. transactions with two popular Chinese apps: Tencent's WeChat and ByteDance's TikTok.

With second quarter GDP data showing double digit percentage declines for major economies that may be the worst...

Oil and Gas Sector

10.08.2020

Kazakhstan’s midstream sector reduces refining in the first half of 2020 by 10%

Kazakhstani KazMunayGas refineries reduced the processing of raw materials by 9.7%, to 6.02 million tonnes. The company's Romanian refineries reduced refining by 31.8%, to 2.27 million tonnes in 6 months of 2020, KMG reported. The total volume of raw materials processing at KazMunayGas plants decreased by 17.1% to 8.29 million...

Kazakhstani KazMunayGas refineries reduced the processing of raw materials by 9.7%, to 6.02 million tonnes. The company's Romanian refineries reduced refining by 31.8%, to 2.27 million tonnes in 6 months of 2020, KMG reported. The total volume of raw materials processing at KazMunayGas plants decreased by 17.1% to 8.29 million...

10.08.2020

Oil production in Kazakhstan grows amid a pandemic

KazMunayGas National Company announced production results for the first half of 2020. The indicators are impressive, to put it mildly. Oil production from two fields increased at once, despite the pandemic, the halt of drilling operations and the OPEC+ agreement to cut production. Only at Kashagan, production grew by 42.5%....

KazMunayGas National Company announced production results for the first half of 2020. The indicators are impressive, to put it mildly. Oil production from two fields increased at once, despite the pandemic, the halt of drilling operations and the OPEC+ agreement to cut production. Only at Kashagan, production grew by 42.5%....

10.08.2020

Brent drops below $45/b threshold, keeps on-week gains

Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases. The rise in infections remains the dominant issue for the fuel demand outlook. Cases in the United States are still rising in a number of...

Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases. The rise in infections remains the dominant issue for the fuel demand outlook. Cases in the United States are still rising in a number of...

10.08.2020

Supply restraints push North Sea region’s natural gas prices up

Prompt British wholesale gas prices rose on Friday as an outage in Norway led to lower exports from that country while warm weather was expected to boost demand for power for cooling.

The day-ahead contract was up 0.98 pence at 19.23 p/therm by 0915 GMT.

The weekend contract was up 0.50 p...

Prompt British wholesale gas prices rose on Friday as an outage in Norway led to lower exports from that country while warm weather was expected to boost demand for power for cooling.

The day-ahead contract was up 0.98 pence at 19.23 p/therm by 0915 GMT.

The weekend contract was up 0.50 p...

Metals and Minerals

10.08.2020

Glencore has no plans to spin off gold business, open to Kazzinc sale, says CEO

Glencore has no plans to spin off its gold business but remains open to selling gold-producing Kazzinc, like any other asset, at the right price, the chief executive said.

Gold prices are trading at record highs of above $2,050 an ounce, spurring on merger and acquisitions in the industry. Glencore produces...

Glencore has no plans to spin off its gold business but remains open to selling gold-producing Kazzinc, like any other asset, at the right price, the chief executive said.

Gold prices are trading at record highs of above $2,050 an ounce, spurring on merger and acquisitions in the industry. Glencore produces...

10.08.2020

Gold reserves of Kazakhstan exceed 378 tonnes

According to the World Gold Council, the volume of the precious metal as of August 1, 2020 in the country's international reserves reached 65.5%. In total, they amounted to 378.5 tonnes. Over the year, the reserves increased by 3.2 tonnes.

Kazakhstan still ranks 14th, excluding the IMF and ECB, and is...

According to the World Gold Council, the volume of the precious metal as of August 1, 2020 in the country's international reserves reached 65.5%. In total, they amounted to 378.5 tonnes. Over the year, the reserves increased by 3.2 tonnes.

Kazakhstan still ranks 14th, excluding the IMF and ECB, and is...

10.08.2020

Ust-Kamenogorsk Titanium and Magnesium Combine in Kazakhstan increase revenue by one third

The only integrated titanium producer in Kazakhstan, UK TMC, ended last year with a significant increase in profit. The total income of the company increased by 40%.

According to data from the consolidated financial statements, published on the kase.kz website, the company's assets for 2019 exceeded 127.7 billion tenge. During...

The only integrated titanium producer in Kazakhstan, UK TMC, ended last year with a significant increase in profit. The total income of the company increased by 40%.

According to data from the consolidated financial statements, published on the kase.kz website, the company's assets for 2019 exceeded 127.7 billion tenge. During the reporting period,...

10.08.2020

Glencore may sell stake in Kazzinc

The Swiss company Glencore is open for sale of the metallurgical company Kazzinc. Glencore CEO Ivan Glazenberg told Reuters about it.

The company does not plan to develop its gold mining business and remains open for the sale of its stake in Kazzinc at the right price, like any other asset.

Gold...

The Swiss company Glencore is open for sale of the metallurgical company Kazzinc. Glencore CEO Ivan Glazenberg told Reuters about it.

The company does not plan to develop its gold mining business and remains open for the sale of its stake in Kazzinc at the right price, like any other asset.

Gold...

10.08.2020

Kazakhstan introduces electronic auctions for subsoil users

In Kazakhstan, the right to subsoil use for hydrocarbons will be provided through electronic auctions. This became possible thanks to the amendments to the Code on Subsoil and Subsoil Use, which make it possible to conduct auctions in electronic format.

"In order to implement the Law of Kazakhstan dated December 30,...

In Kazakhstan, the right to subsoil use for hydrocarbons will be provided through electronic auctions. This became possible thanks to the amendments to the Code on Subsoil and Subsoil Use, which make it possible to conduct auctions in electronic format.

"In order to implement the Law of Kazakhstan dated December 30,...

10.08.2020

Bullion posts momentary halt in reckless overall spike

Gold slumped over 2% on Friday, snapping its record-breaking rally, after a decent U.S. jobs report boosted the dollar, but a worsening pandemic kept prices on course for their longest streak of weekly gains in about a decade. Spot gold fell 1.4% to $2,033.89 per ounce by 2:46 p.m. EDT...

Gold slumped over 2% on Friday, snapping its record-breaking rally, after a decent U.S. jobs report boosted the dollar, but a worsening pandemic kept prices on course for their longest streak of weekly gains in about a decade. Spot gold fell 1.4% to $2,033.89 per ounce by 2:46 p.m. EDT...

10.08.2020

Non-ferrous base metals mixed as demand outlook remains unclear

Copper prices slipped on Friday as a stronger dollar triggered profit-taking on long positions, but expectations of stronger growth and demand around the world limited losses.

Benchmark copper on the London Metal Exchange traded down 0.8% at $6,428.5 a tonne in official rings. Prices of the metal used in the power...

Copper prices slipped on Friday as a stronger dollar triggered profit-taking on long positions, but expectations of stronger growth and demand around the world limited losses.

Benchmark copper on the London Metal Exchange traded down 0.8% at $6,428.5 a tonne in official rings. Prices of the metal used in the power...

Manufacturing industry

10.08.2020

Kazakhstan finds a way to keep factories running at 80% of their capacity

The transition of construction companies to domestically produced materials will support enterprises and create new jobs. This was reported by the Ministry of Industry and Infrastructure Development.

The department explained that an increase in the share of local content in the construction of buildings to 90% will increase the capacity utilisation...

The transition of construction companies to domestically produced materials will support enterprises and create new jobs. This was reported by the Ministry of Industry and Infrastructure Development.

The department explained that an increase in the share of local content in the construction of buildings to 90% will increase the capacity utilisation...

10.08.2020

Kazakh packers fear dependence on Russian factories

Kazakh packers complain about the possible introduction of a 6.5% duty on the import of polymer raw materials for their products. The Association of Packers of Kazakhstan noted that the introduction of the duty would have negative consequences for the market. At the moment, polymer raw materials are freely imported...

Kazakh packers complain about the possible introduction of a 6.5% duty on the import of polymer raw materials for their products. The Association of Packers of Kazakhstan noted that the introduction of the duty would have negative consequences for the market. At the moment, polymer raw materials are freely imported...

Agriculture

10.08.2020

Gross output in the livestock industry of Kazakhstan amounts to 1.2 trillion tenge

In January-June 2020, the gross output in the livestock sector of Kazakhstan reached 1.2 trillion tenge, which is 11.5% more than a year earlier. Real growth adjusted for inflation amounted to 2.5%.

In January-December last year, the value of output in the sector amounted to 2.3 trillion tenge, with a real...

In January-June 2020, the gross output in the livestock sector of Kazakhstan reached 1.2 trillion tenge, which is 11.5% more than a year earlier. Real growth adjusted for inflation amounted to 2.5%.

In January-December last year, the value of output in the sector amounted to 2.3 trillion tenge, with a real...

10.08.2020

Flour in Kazakhstan rising in price for 12 years in a row

In January-June 2020, Kazakh enterprises produced 1.7 million tonnes of flour from grain and vegetable crops. Over the past 28 years, the smallest volume of flour was produced in 1999 at 1.2 million tonnes. After that, the figure rose to 4 million tonnes in 2012, falling to 3.7 million tonnes...

In January-June 2020, Kazakh enterprises produced 1.7 million tonnes of flour from grain and vegetable crops. Over the past 28 years, the smallest volume of flour was produced in 1999 at 1.2 million tonnes. After that, the figure rose to 4 million tonnes in 2012, falling to 3.7 million tonnes...

10.08.2020

World leader in agricultural machinery sets up production in Kazakhstan

Recently, one of the most successful manufacturers of agricultural machinery in Europe, the PÖTTINGER company, concluded a Cooperation Agreement with the largest domestic agricultural machine-building enterprise AgromashHolding KZ.

This is another large world engineering company that is establishing work in Kazakhstan. In 2019, the Kirovets plant was launched in Kostanay, now...

Recently, one of the most successful manufacturers of agricultural machinery in Europe, the PÖTTINGER company, concluded a Cooperation Agreement with the largest domestic agricultural machine-building enterprise AgromashHolding KZ.

This is another large world engineering company that is establishing work in Kazakhstan. In 2019, the Kirovets plant was launched in Kostanay, now...

10.08.2020

Kazakh rice growers still have a shortage of irrigation water

6,630 hectares of rice were under threat. According to the data of the regional department of agriculture, the farmers of the region were warned in advance about the forthcoming lack of water. They were advised to reduce the sown area. But still, this sowing of rice has increased by almost...

6,630 hectares of rice were under threat. According to the data of the regional department of agriculture, the farmers of the region were warned in advance about the forthcoming lack of water. They were advised to reduce the sown area. But still, this sowing of rice has increased by almost...

10.08.2020

Wheat contracts strengthen on competitive dollar impact on US exports

U.S. wheat futures edged higher on Friday as a weaker dollar boosted export prospects, though the grain was poised to record its biggest weekly loss in more than a year due to ample global supplies.

The most active wheat futures on the Chicago Board Of Trade down more than 5% for...

U.S. wheat futures edged higher on Friday as a weaker dollar boosted export prospects, though the grain was poised to record its biggest weekly loss in more than a year due to ample global supplies.

The most active wheat futures on the Chicago Board Of Trade down more than 5% for...

Communications and Transportation

10.08.2020

Logistics and transportation are among the top problems for entrepreneurs in Kazakhstan

To collect, systematise and solve business problems, since 2014, Atameken NCE has been implementing a unique project, Register of problems of entrepreneurs. This is a platform where every entrepreneur can post a message about the difficulties encountered in their business practice. Also, the register records the proposals of regional chambers...

To collect, systematise and solve business problems, since 2014, Atameken NCE has been implementing a unique project, Register of problems of entrepreneurs. This is a platform where every entrepreneur can post a message about the difficulties encountered in their business practice. Also, the register records the proposals of regional chambers...

10.08.2020

Khorgos receives 3 billion tenge less in 2020

Income losses of the Khorgos International Centre for Cross-Border Cooperation in the first half of 2020 amounted to about 1.5 billion tenge excluding VAT. This was reported in the management company of the Khorgos ICBC.

The centre should be considered as a complex consisting of the Kazakh and Chinese parts, connected...

Income losses of the Khorgos International Centre for Cross-Border Cooperation in the first half of 2020 amounted to about 1.5 billion tenge excluding VAT. This was reported in the management company of the Khorgos ICBC.

The centre should be considered as a complex consisting of the Kazakh and Chinese parts, connected...

10.08.2020

About 1.4 billion tons of cargo transported by road in six months in Kazakhstan

The pandemic and quarantine measures in Kazakhstan did not affect revenues from the transportation of goods by road, despite a decrease in total traffic volumes, which are associated with a decrease in business activity and a reduction in the geography of cargo supplies. According to the Ministry of Industry and...

The pandemic and quarantine measures in Kazakhstan did not affect revenues from the transportation of goods by road, despite a decrease in total traffic volumes, which are associated with a decrease in business activity and a reduction in the geography of cargo supplies. According to the Ministry of Industry and...

10.08.2020

Kazakhstan launches special Bilim tariff for students and teachers

In order to support distance education, the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan, together with cellular operators, worked out the issue of launching a special tariff plan, Bilim, which can be used by teachers, pupils and students. The tariff plan includes unlimited access to 380 domestic...

In order to support distance education, the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan, together with cellular operators, worked out the issue of launching a special tariff plan, Bilim, which can be used by teachers, pupils and students. The tariff plan includes unlimited access to 380 domestic...

Real Estate

10.08.2020

Kazakhstan witnesses price spike in residential accommodation

Housing has risen in price in Kazakhstan. For a month - July 2020 to June 2020 - resale prices of comfortable housing increased by 1.1%, new sales - by 0.2%. The rent for comfortable housing increased by 0.4%, according  to the Statistics Committee of the Ministry of National Economy of...

Housing has risen in price in Kazakhstan. For a month - July 2020 to June 2020 - resale prices of comfortable housing increased by 1.1%, new sales - by 0.2%. The rent for comfortable housing increased by 0.4%, according  to the Statistics Committee of the Ministry of National Economy of...

Regional News

10.08.2020

Russian air transportation braces for recovery

Russia’s airport traffic exceeded expectations in July. Passenger traffic dropped by only 45% compared to the same month last year, while forecasts had warned of a 65% plunge, according to the International Association of Airports. Tourists have reacted to the lifting of coronavirus restrictions, said experts.

Data from airports confirms overall...

Russia’s airport traffic exceeded expectations in July. Passenger traffic dropped by only 45% compared to the same month last year, while forecasts had warned of a 65% plunge, according to the International Association of Airports. Tourists have reacted to the lifting of coronavirus restrictions, said experts.

Data from airports confirms overall...

10.08.2020

Fitch affirms Russia’s sovereign rating at BBB, outlook stable

Fitch Ratings has affirmed Russia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a stable outlook, the internaiotnal ratings agency said in a statement on Friday.

"Russia's 'BBB' IDRs balance its credible and consistent policy framework, and robust public and external balance sheets, underpinned by a solid sovereign net foreign...

Fitch Ratings has affirmed Russia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a stable outlook, the internaiotnal ratings agency said in a statement on Friday.

"Russia's 'BBB' IDRs balance its credible and consistent policy framework, and robust public and external balance sheets, underpinned by a solid sovereign net foreign...

10.08.2020

Russian stock markets mixed as rouble resumes retreat

The Russian rouble weakened on Friday, heading towards a three-month low amid pressure from global risk aversion fuelled by Sino-U.S. tensions.

At 0754 GMT, the rouble was 0.5% weaker against the dollar at 73.61, moving closer to its weakest level since early May of 74.68, which it hit on Monday.

Against the...

The Russian rouble weakened on Friday, heading towards a three-month low amid pressure from global risk aversion fuelled by Sino-U.S. tensions.

At 0754 GMT, the rouble was 0.5% weaker against the dollar at 73.61, moving closer to its weakest level since early May of 74.68, which it hit on Monday.

Against the...

10.08.2020

Trade between China and Russia down 4.3%

The value of trade between China and Russia decreased from January to July 2020 by 4.3% year-on-year and amounted to 58.83 bln, according to a report published on Friday by the General Administration of Customs of China.

According to the published data, China's exports to Russia fell by 3.7% to $25.83...

The value of trade between China and Russia decreased from January to July 2020 by 4.3% year-on-year and amounted to 58.83 bln, according to a report published on Friday by the General Administration of Customs of China.

According to the published data, China's exports to Russia fell by 3.7% to $25.83...

10.08.2020

China stocks post weekly gain on recovery hopes

China stocks ended lower on Friday after the Trump administration unveiled a plan to ban U.S. transactions with ByteDance’s TikTok and Tencent-owned WeChat, but posted weekly gains on upbeat trade data.

The blue-chip CSI300 index dropped as much as 2.6% before ending 1.2% lower at 4,707.93, while the Shanghai Composite Index...

China stocks ended lower on Friday after the Trump administration unveiled a plan to ban U.S. transactions with ByteDance’s TikTok and Tencent-owned WeChat, but posted weekly gains on upbeat trade data.

The blue-chip CSI300 index dropped as much as 2.6% before ending 1.2% lower at 4,707.93, while the Shanghai Composite Index...

10.08.2020

China’s exports surge in July

Data from China’s General Administration of Customs showed on Friday the country’s dollar-denominated exports rose 7.2 percent last month, well ahead of analysts’ expectations. Imports fell 1.4 percent from a year ago.

The export growth was powered by rising overseas demand for electronics, medical supplies and other goods used in coronavirus...

Data from China’s General Administration of Customs showed on Friday the country’s dollar-denominated exports rose 7.2 percent last month, well ahead of analysts’ expectations. Imports fell 1.4 percent from a year ago.

The export growth was powered by rising overseas demand for electronics, medical supplies and other goods used in coronavirus...

10.08.2020

China adopts new strategy to speed up economic recovery

China will accelerate the establishment of a "dual circulation" development pattern that takes the domestic market as the mainstay while domestic and foreign markets can boost each other.

Since May this year, the top leadership of the country has reaffirmed the dual-circulation development pattern on various occasions, indicating the strategic priority...

China will accelerate the establishment of a "dual circulation" development pattern that takes the domestic market as the mainstay while domestic and foreign markets can boost each other.

Since May this year, the top leadership of the country has reaffirmed the dual-circulation development pattern on various occasions, indicating the strategic priority...

Prices and Statistics

10.08.2020

Commodities

Date: August 10, 2020; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 41.75 +0.53 +1.29% Sep 2020 11:36 PM
CO1:COMBrent Crude (ICE) USD/bbl. 44.83 +0.43 +0.97% Oct 2020 11:37 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 121.84 +1.08 +0.89% Sep 2020 11:36 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.25 +0.02 +0.71% Sep 2020 11:35 PM
HO1:COMHeating Oil (Nymex) USd/gal. 123.18 +1.19 +0.98% Sep 2020 11:33 PM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 2,039.10 +11.10 +0.55% Dec 2020 11:37 PM
XAUUSD:CURGold Spot USD/t oz. 2,029.18 -6.37 -0.31% N/A 11:47 PM
SI1:COMSilver (Comex) USD/t oz. 28.10 +0.56 +2.02% Sep 2020 11:37 PM
HG1:COMCopper (Comex) USd/lb. 280.50 +1.25 +0.45% Sep 2020 11:36 PM
XPTUSD:CURPlatinum Spot USD/t oz. 972.48 +5.86 +0.61% N/A 11:47 PM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 321.50 +0.75 +0.23% Dec 2020 11:36 PM
W 1:COMWheat (CBOT) USd/bu. 495.75 +0.25 +0.05% Sep 2020 11:37 PM
CC1:COMCocoa (ICE) USD/MT 2,523.00 +29.00 +1.16% Dec 2020 8/7/2020
CT1:COMCotton #2 (ICE) USd/lb. 62.95 +0.59 +0.95% Dec 2020 11:21 PM
LC1:COMLive Cattle (CME) USd/lb. 106.45 -0.52 -0.49% Oct 2020 8/7/2020

Date: August 10, 2020; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 41.75 +0.53 +1.29% Sep 2020 11:36 PM
CO1:COMBrent Crude (ICE) USD/bbl. 44.83 +0.43 +0.97% Oct 2020 11:37 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 121.84 +1.08 +0.89% Sep 2020 11:36 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.25 +0.02 +0.71% Sep 2020 11:35 PM
HO1:COMHeating Oil (Nymex) USd/gal. 123.18 +1.19 +0.98% Sep 2020 11:33 PM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 2,039.10 +11.10 +0.55% Dec 2020 11:37 PM
XAUUSD:CURGold Spot USD/t oz. 2,029.18 -6.37 -0.31% N/A 11:47 PM
SI1:COMSilver (Comex) USD/t oz. 28.10 +0.56 +2.02% Sep 2020 11:37 PM
HG1:COMCopper (Comex) USd/lb. 280.50 +1.25 +0.45% Sep 2020 11:36 PM
XPTUSD:CURPlatinum Spot USD/t oz. 972.48 +5.86 +0.61% N/A 11:47 PM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 321.50 +0.75 +0.23% Dec 2020 11:36 PM
W 1:COMWheat (CBOT) USd/bu. 495.75 +0.25 +0.05% Sep 2020 11:37 PM
CC1:COMCocoa (ICE) USD/MT 2,523.00 +29.00 +1.16% Dec 2020 8/7/2020
CT1:COMCotton #2 (ICE) USd/lb. 62.95 +0.59 +0.95% Dec 2020 11:21 PM
LC1:COMLive Cattle (CME) USd/lb. 106.45 -0.52 -0.49% Oct 2020 8/7/2020
10.08.2020

Exchange Rates

Date: August 10, 2020; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 418.17
1 EURO EUR / KZT 494.07
1 RUSSIAN ROUBLE RUB / KZT 5.68
1 CHINESE YUAN CNY / KZT 60.11
1 KYRGYZIAN SOM KGS / KZT 5.44
1 GREAT BRITAIN POUND GBP / KZT 547.38
1 CANADIAN DOLLAR CAD / KZT 312.95
1 AUSTRALIAN DOLLAR AUD / KZT 301.42

Date: August 10, 2020; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

418.17

1 EURO

EUR / KZT

494.07

1 RUSSIAN ROUBLE

RUB / KZT

5.68

1 CHINESE YUAN

CNY / KZT

60.11

1 KYRGYZIAN SOM

KGS / KZT

5.44

1 GREAT BRITAIN POUND

GBP / KZT

547.38

1 CANADIAN DOLLAR

CAD / KZT

312.95

1 AUSTRALIAN DOLLAR

AUD / KZT

301.42