The meeting is chaired by President Kassym-Jomart Tokayev. During the online event, it is expected to discuss topical issues of the country's development, implementation of the previously announced proposals.

A number of new initiatives will also be put forward.Earlier, new members of the public and the expert community were included in...

At the fifth meeting of the National Council of Public Trust, President of the Republic of Kazakhstan Kassym-Jomart Tokayev proposed to start a phased introduction of national indicators for assessing human rights observance.

"Advanced international standards should apply to the entire sphere of human rights protection in our country. Indicators of...

Today there are 18 ministries in Kazakhstan. In January of this year, the head of state, Kassym-Zhomart Tokayev, signed a decree on the composition of the government of Kazakhstan. According to the document, almost all members of the government have retained their posts.

The analytical company Ranking.kz conducted a study, within...

After the replicated news about the birth rate boom, many Kaznet users wrote about a successful 2020 for Kazakhstan. Almost half a million babies were born in the country in a year, at 425,625.

However, this figure of half a million new Kazakhstanis has another meaning, which Kazakh political scientist Marat...

According to weather forecasters, on the night of February 26-27 in the North Kazakhstan region, a severe frost of 40 degrees is expected in some places.

Fog is expected in some places in Zhambyl region on February 26-28, a blizzard at night on February 26. On the night of February 26,...

In the past 24 hours Kazakhstan has added 855 new cases of the coronavirus infection, up 60 from the previous day. According to the updated statistics, the Kazakh capital, Nur-Sultan reported the highest number of fresh infections with 135. Almaty city which was the leader in terms of number of...

Kazakhstani companies have targeted Uzbekistan after excise taxes on many commodity items were abolished on January 1.

From January 1, 2021, excise tax was cancelled on 73 commodity items, including electrical, food products, carpets and others. Norma's experts then calculated how prices would change.

For example, the Shymkent carpet factory for the...

On January 2, 2021, Kazakhstan introduced amendments to various laws including the Concession Law and PPP Law.

The Amendments aim to clarify and improve a number of provisions of the Concession Law and PPP Law. Although we find these improvements generally positive, there remain open issues, that have long been debated...

The chairman of the Nur Otan party, Nursultan Nazarbayev, received Bauyrzhan Baybek.During the meeting, they discussed issues of further implementation of the pre-election program "Way of changes: A decent life for everyone!", as well as the party's work plan in the inter-electoral period.The First President of Kazakhstan emphasized the importance...

The Ministry of Trade and Integration has developed amendments to the legislation on exchange trading. The volume of exchange trade in Kazakhstan has been declining for 2 years in a row. In 2020, the Bureau of National Statistics recorded transactions on 13 exchanges, their total turnover amounted to 1.4 trillion...

In 2020, the coronavirus pandemic has had a strong negative impact on the economy of the country and the world. The corporate sector and directly SMEs suffered the most. The negative consequences led to a reduction in economic activity in the country. In January 2021, the business activity index fell...

According to the Bureau of National Statistics, in 2020 Kazakhstan's GDP amounted to 70.1 trillion tenge. In the general structure, 38.5% fell on the production of goods, and 55.7% on services.

The share of production compared to 2010 decreased by 6.6 percentage points, and compared to 2015 increased by 3 percentage...

In January 2021, more than 127 billion tenge of pension assets were invested in US government securities. According to the fund, as of February 1, 2021, pension assets held in trust by the National Bank amounted to 13.1 trillion tenge.

Last month, part of the government securities of the Ministry of...

There is a moratorium on business inspections in Kazakhstan, but the inspection authorities do not like the fact that entrepreneurs use this to avoid taxes. The State Revenue Committee told what they plan to do in this direction.

The committee said that the Ministry of Finance is going to amend the...

As of February 25, 2021, the Kazakhstan Deposit Insurance Fund paid out about 7.06 billion tenge to the depositors of AsiaCredit Bank through the agent bank, which is 37% of the total liabilities to the bank's depositors. This was reported in the press service of the fund.

The payment of guarantee...

The Atameken National Chamber believes that the deadlines for the introduction of accompanying invoices for goods (SNT) should be postponed to 2022, with reference to the press service of the board.

The NPP explained that they had previously pointed out the premature introduction of accompanying invoices due to the growth of...

As a result of trades in shares on the Kazakhstan Stock Exchange on Thursday, the value of the KASE index increased by 0.32% from 2,973.63 to 2,964.2.

The volume of deals in shares included in the KASE index representative list decreased relative to the previous trading day by 2.3 times and...

The weighted average dollar rate on the Kazakhstan Stock Exchange on February 25, 2021 at 17:00 was KZT414.81. According to KASE information, the minimum rate at the trades was at the level of 414.10 tenge per US dollar, the maximum 415.20 tenge, the closing rate 415 tenge.

The volume of trades...

The dollar index fell to a seven-week low on Thursday, the Australian dollar hit a three-year high and safe havens weakened as global growth optimism sent government debt yields surging worldwide.

Easy financial conditions, the promise of fiscal stimulus and accelerating COVID-19 vaccine rollouts have boosted expectations that growth and inflation...

World stocks clawed back towards record highs on their third day of gains on Thursday as the dollar dropped to a three-year low, after top Federal Reserve and European Central Bank officials attempted to talk down rising bond market yields.

There was a lot to keep tabs on. A renewed retail...

According to experts, this is the largest reservoir of hydrocarbons found in the region over the 30 years of Kazakhstan's independence. A powerful gusher of oil from the first exploration well T3-1. A new field is located on the Tepke site, which is located on the territory of two districts...

Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich met with the Chairman of the Court of the Eurasian Economic Union Erna Ayriyan on February 24 at the EEC headquarters.

During the meeting, issues of further cooperation of the bodies of the Eurasian Economic Union to improve the efficiency...

The inflation target in the countries of the Eurasian Economic Union was 8.7% at the end of 2020 and increased by 3% compared to 2019. Inflation in Kyrgyzstan exceeded the target of the EAEU, in connection with which the Eurasian Economic Commission in 2021 will develop recommendations for Kyrgyzstan on...

In February, the price of European grades of oil, after a year's break, rose above $60 per barrel. Since the beginning of the year, prices have risen by almost 20%. This was facilitated by the expectations of an active recovery of the world economy against the background of vaccination against...

The Caspian Pipeline Consortium has received bids for crude deliveries via its network in 2021 totaling 67.5 million mt, CPC General Director Nikolay Gorban told journalists Feb. 25. CPC accounts for the bulk of Kazakhstan’s crude oil exportation outlets.

This is equivalent to around 1.44 million b/d, using a conversion rate...

Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell, which is among Kazakhstan’s leading upstream investor and operators including the Karachaganak gas and gas condensate field, said in its annual LNG market outlook.

Demand was 360 million tonnes last year,...

Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in Texas.

Brent crude for April hit $67.70 a barrel during the session, its highest...

Prompt British wholesale gas prices edged higher on Thursday morning, with temperatures set to drop and demand expected to rise from power plants.

The within-day contract was up 0.20 pence at 41.00 p/therm by 1044 GMT.The day-ahead contract was up 0.55 p at 41.55 p/therm.

Traders said power output from the country’s...

Kazakhstan-/Kyrgyzstan-focused copper and gold miner KAZ Minerals reported on Thursday stronger annual earnings and lower debt, after rising commodity prices helped offset lower production.

The London-listed miner said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between...

In its full year 2020 results announced today, KAZ Minerals says construction works at the Aktogay copper mine expansion project in Kazakhstan were affected by reduced staff availability in the first half of 2020, however, works progressed according to plan in the second half of the year as COVID-19 related...

Gold shed more than 1.5% to a near one-week low on Thursday as a surge in U.S. Treasury yields and better-than-expected economic data out the United States dented demand for the safe-haven metal.

Spot gold was down 1.4% to $1,778.96 per ounce at 10:22 a.m. ET (1522 GMT), after earlier touching...

Copper hit new peaks on Thursday, close to its highest in a decade, as investors scrambled to buy metals as a hedge against potential inflation from ongoing central bank stimulus.

Three-month copper on the London Metal Exchange was up 2.2% at $9,513.50 a tonne by 1140 GMT, after hitting its highest...

At the fifth meeting of the National Council of Public Trust, President of the Republic of Kazakhstan Kassym-Jomart Tokayev ordered to develop a new law on development of alternative energy.

"One of the main competitive advantages of Kazakhstan at the global level has always been rich hydrocarbon resources. Meanwhile, the world...

Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and Samruk-Kazyna, the sovereign wealth fund of the Republic of Kazakhstan, announced today that they have signed a strategic agreement to explore renewable energy opportunities in Kazakhstan and support the country’s clean-energy objectives.

The two...

In 2020, 24 production facilities in the construction industry were opened in Kazakhstan for 124 billion tenge. This was reported by the Ministry of Industry and Infrastructure Development. In general, Kazakhstan is implementing 33 projects worth 167.7 billion tenge in the construction industry. Currently, 24 production facilities have been launched...

In 2020, Russia supplied goods to Kazakhstan for $13.3 billion, which is more than 7% less than a year earlier.

Russia has increased supplies of dairy products, sugar, gold, oil products, bodies, refrigeration equipment, TV, medicines, fertilisers, etc.

Imports of products made of ferrous metals and plastics, natural gas, tires, agricultural machinery...

In January 2021, Kazakhstani companies produced 7.2 thousand tonnes of fresh, chilled or frozen fish, which is 4.2 times more than a year earlier. The production of canned and prepared in other ways fish, as well as caviar reached 3.6 thousand tonnes, having increased 5.5 times on-year.

In value terms, processing...

President Tokayev instructed to legally prohibit the sale of agricultural land to foreigners. During a meeting of the National Council of Public Trust, he explained that the land issue is important for Kazakhstanis.

"This is a solid foundation and a sacred symbol of our statehood. I have said more than once...

Another project in the agro-industrial complex can be implemented in the Almaty region. Investments can reach up to 30 million euro, according to the regional administration.

The region plans to build a selection-hybrid livestock complex based on Swiss technologies with a livestock of 50 thousand pigs per year. It is noted...

Kazakhstan is experiencing a positive growth trend in the agricultural industry. Based on the preliminary results of 2020, the gross agricultural production increased by 5.6 percent and reached 6.3 trillion tenge (US$15 billion). The growth is mostly due to an increase in crop production of about 7.8 percent. 

The gross livestock...

Chicago soybeans rose on Thursday to a new 6-1/2 year high as rain delays to Brazil's harvest kept the focus on supply tensions in oilseeds and fuelled fund buying. Corn edged down after a three-day increase as the market assessed the risks of Brazil's slow-moving soybean harvest holding up corn...

Kazakhstan’s commission on the fight against coronavirus allowed for an increase in the number of international flights, reported the Kazakh Civil Aviation Committee. 

Starting Feb. 24, there will be more flights from Kazakhstan to Kyrgyzstan, Ukraine, and Uzbekistan. 

Almaty-Tashkent-Almaty flights will be increased from four to eight per week and operated by...

Due to unfavorable weather conditions, roads are closed in 10 out of 14 regions of Kazakhstan, according to the press service of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan.

Thus, in the Akmola region, the following roads are closed: -

Yekaterinburg - Almaty, section from Nur-Sultan to...

Minister of Internal Affairs Yerlan Turgumbayev checked the work of the Operational Management Centre of Uralsk during a working trip to the West Kazakhstan region. According to the press service of the Ministry of Internal Affairs of Kazakhstan, the head of the department was shown the equipment of the precinct...

The cost of air tickets abroad from Russia has recently been growing day by day. This is mainly due to the increased demand for flights after the resumption of flights.

Analysts of the travel service Tutu.ru have studied the demand for air tickets from Russia abroad for the first half of...

This year, Kazakhstan plans to collect 29 billion tenge for travel from almost 6 thousand km of toll roads. This was reported by the Ministry of Industry and Infrastructure Development.

According to the ministry, in the second quarter of 2021, a paid travel system will be introduced on 18 sections with...

In the laboratory of business surveys of the Gaidar Institute, they calculated the index of surprises. It shows how the forecasts of companies regarding their main indicators differ from the actual results. The idea of such an index has been ripening among analysts for a long time, and 2020, in...

Russia’s national debt surged in 2020 by 5.4 trillion rouble ($73.5 bln), its biggest figure in history. The debt rose due to increased spending during the coronavirus pandemic, and the key source of this growth turned out to be domestic borrowings. The total debt volume hit 18% of GDP, but...

Rising oil prices and a weak rouble could boost Russian state coffers before a parliamentary election this autumn, giving the authorities more leeway for social spending despite the risk of fuelling inflation.

This year’s budget deficit is forecast to come in at 2.4% of gross domestic product (GDP), but Russia could...

The rouble weakened on Thursday after hitting a more than one-week high against the U.S. dollar in early trade, drawing little support from higher oil prices or from easing fears of tough new sanctions over the jailing of Kremlin critic Alexei Navalny.

Worries about fresh sanctions against Russia have pressured the rouble for months, but...

China shares rebounded on Thursday, as strong gains in the property sector helped the market recover from sharp losses made a day earlier.At the close, the Shanghai Composite index was up 0.59 per cent at 3,585.05, while the blue-chip CSI300 index was ended 0.59 per cent higher at 5,469.56.

The smaller...

China has announced new targets for tackling air pollution over the next five years, an environmental official said Thursday.

The country vowed to reduce the average PM2.5 density by 10 percent in 337 major cities between 2021 and 2025 compared with that of the previous five years, said Liu Bingjiang, an...

Date: February 26, 2021;Source: Bloomberg.com

Date: February 26; Source: the National Bank of Kazakhstan