Issue 3717 - 14.05.2021
14.05.2021

President held telephone talks with leaders of a number of states

Kassym-Jomart Tokayev held telephone conversations with the leaders of a number of states.During telephone conversations, Kassym-Jomart Tokayev and the presidents of Azerbaijan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan exchanged congratulations on the occasion of the sacred holiday of Oraza Ait.

The head of state heartily wished prosperity to the fraternal peoples.During the conversation with the President of Kyrgyzstan Sadyr Japarov, topical issues of development of the Kazakh-Kyrgyz strategic partnership were raised. Particular attention was paid to the implementation of the agreements reached following the state visit of Sadyr Japarov to Kazakhstan on March 2-3 this year.The interlocutors agreed to continue close interaction in ensuring peace and stability in Central Asia.

The Kyrgyz leader expressed gratitude for provision of humanitarian aid.Within the framework of negotiations with President Emomali Rahmon, the agenda of the forthcoming official visit of the President of Kazakhstan to Tajikistan was considered.According to the heads of state, the talks in Dushanbe will help define new horizons for development of Kazakh-Tajik cooperation, as well as outline new steps to enhance regional cooperation.Prospects for interstate relations also became the main topic of the conversation between the presidents of Kazakhstan and Turkmenistan.Kassym-Jomart Tokayev and Gurbanguly Berdimuhamedov confirmed their intention to build up the multifaceted Kazakh-Turkmen partnership in order to bring it to a qualitatively new level.

According to the heads of state, the forthcoming visit of the President of Kazakhstan to Ashgabat will decisively contribute to this.During the conversation of Kassym-Jomart Tokayev with the President of Uzbekistan Shavkat Mirziyoyev, the high level of Kazakh-Uzbek relations, friendship, good-neighborliness and strategic partnership was especially noted.The heads of state noted the interaction of the governments of the two countries in order to maintain the intensive dynamics of trade, economic, investment, cultural and humanitarian ties. The leaders of Kazakhstan and Uzbekistan exchanged views on the situation in the Central Asian region and on Afghan issues.Kassym-Jomart Tokayev invited Shavkat Mirziyoyev to visit Kazakhstan this year.

During the conversation with President of Azerbaijan Ilham Aliyev, the importance of giving impetus to the entire range of Kazakh-Azerbaijani cooperation was noted.An agreement was reached on adoption of joint measures aimed at increasing mutual trade, implementing joint projects in key areas of the economy. Kassym-Jomart Tokayev expressed gratitude to his Azerbaijani counterpart for supporting Kazakhstani initiatives in the Turkic Council.

By the Kazakhstanskaya Pravda

Kazakhstan General

14.05.2021

President signs law banning sale of land to foreigners in Kazakhstan

President of Kazakhstan Kassym-Zhomart Tokayev signed a law on land relations. "The head of state signed the Law of Kazakhstan On Amendments and Additions to Certain Legislative Acts on Land Relations," the Akorda report says.

The document introduces a complete ban on the sale and lease of agricultural land to foreigners....

President of Kazakhstan Kassym-Zhomart Tokayev signed a law on land relations. "The head of state signed the Law of Kazakhstan On Amendments and Additions to Certain Legislative Acts on Land Relations," the Akorda report says.

The document introduces a complete ban on the sale and lease of agricultural land to foreigners....

14.05.2021

Kazakh head of state talks harmony and understanding with neighbour peers

During telephone conversations, Kassym-Jomart Tokayev and the Presidents of Azerbaijan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan exchanged congratulations on the Eid al-Fitr. The Head of State expressed sincere wishes of good, prosperity to the fraternal peoples.

During talks with President Sadyr Zhaparov of Kyrgyzstan, the two touched upon the development of the...

During telephone conversations, Kassym-Jomart Tokayev and the Presidents of Azerbaijan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan exchanged congratulations on the Eid al-Fitr. The Head of State expressed sincere wishes of good, prosperity to the fraternal peoples.

During talks with President Sadyr Zhaparov of Kyrgyzstan, the two touched upon the development of the...

14.05.2021

Ministry of National Economy and French Development Agency signed a memorandum of cooperation

Ministry of National Economy of the Republic of Kazakhstan and the French Development Agency signed a Memorandum of Understanding on mutual cooperation.

The memorandum was signed by Vice Minister of National Economy Alibek Kuantyrov and Regional Director of the French Development Agency Vincent Coupin.

The main objective of the document will be...

Ministry of National Economy of the Republic of Kazakhstan and the French Development Agency signed a Memorandum of Understanding on mutual cooperation.

The memorandum was signed by Vice Minister of National Economy Alibek Kuantyrov and Regional Director of the French Development Agency Vincent Coupin.

The main objective of the document will be...

14.05.2021

Kazakhstan reports 2,549 more COVID-19 cases, total at 353,140

Over the last 24 hours Kazakhstan detected 2,549 more COVID-19 cases as of Friday morning. 452 were detected in the Kazakh capital city, 557 in Almaty, 125 in Shymkent, 130 in the Akmola region, 102 in the Aktobe region, 222 in the Almaty region, 75 in the Atyrau region, 102...

Over the last 24 hours Kazakhstan detected 2,549 more COVID-19 cases as of Friday morning. 452 were detected in the Kazakh capital city, 557 in Almaty, 125 in Shymkent, 130 in the Akmola region, 102 in the Aktobe region, 222 in the Almaty region, 75 in the Atyrau region, 102...

Finance and Investment

14.05.2021

President discussed progress of new investment projects with ERG shareholders

The head of state received ERG shareholders Alexander Mashkevich and Patokh Shodiev.

Kassym-Jomart Tokayev was informed about the results of the financial and production activities of the mining and metallurgical corporation in 2020 and in the first quarter of this year.

Chairman of the Board of Directors Alexander Mashkevich and co-founder of...

The head of state received ERG shareholders Alexander Mashkevich and Patokh Shodiev.

Kassym-Jomart Tokayev was informed about the results of the financial and production activities of the mining and metallurgical corporation in 2020 and in the first quarter of this year.

Chairman of the Board of Directors Alexander Mashkevich and co-founder of...

14.05.2021

Kazakhstan's GDP re-enters positive zone

Kazakhstan's GDP indicator entered the positive zone for the first time since March last year. Minister of National Economy Asset Irgaliyev announced this at a Government meeting.

"According to January-April 2021 results, the GDP growth rate entered the positive zone for the first time since March last year, amounting to 0.7%....

Kazakhstan's GDP indicator entered the positive zone for the first time since March last year. Minister of National Economy Asset Irgaliyev announced this at a Government meeting.

"According to January-April 2021 results, the GDP growth rate entered the positive zone for the first time since March last year, amounting to 0.7%....

14.05.2021

Industry of Kazakhstan returns to growth

At a government meeting on May 12, 2021, the results of the country's socio-economic development and the execution of the national budget for January-April 2021 were considered. Minister of Industry and Infrastructure Development Beibut Atamkulov reported on the situation in industry, transport and construction.

Over 4 months of this year, a...

At a government meeting on May 12, 2021, the results of the country's socio-economic development and the execution of the national budget for January-April 2021 were considered. Minister of Industry and Infrastructure Development Beibut Atamkulov reported on the situation in industry, transport and construction.

Over 4 months of this year, a...

14.05.2021

Kursiv-20 index increases in two weeks from 1,123.85 to 1,133.52

Over the past 14 days, the Kursiv-20 index, represented by 20 shares traded on the Kazakhstan Stock Exchange, has grown from 1,123.85 to 1,133.52, as of 15:00 on May 12, 2021.

Kazakhstani issuers provided positive dynamics. The most active growth was shown by Kazatomprom, which added 7.2% over the period. Investor...

Over the past 14 days, the Kursiv-20 index, represented by 20 shares traded on the Kazakhstan Stock Exchange, has grown from 1,123.85 to 1,133.52, as of 15:00 on May 12, 2021.

Kazakhstani issuers provided positive dynamics. The most active growth was shown by Kazatomprom, which added 7.2% over the period. Investor...

14.05.2021

Business activity index of Kazakhstan falls in April

The business activity index slowed down slightly in April, amounting to 50.5 against 50.6 in March. The director of the monetary policy department of the NBRK, Zhandos Shaimardanov, told about this, citing the press service of the National Bank.

“This was influenced by the decline in the service sector to 50.7...

The business activity index slowed down slightly in April, amounting to 50.5 against 50.6 in March. The director of the monetary policy department of the NBRK, Zhandos Shaimardanov, told about this, citing the press service of the National Bank.

“This was influenced by the decline in the service sector to 50.7...

14.05.2021

Banks of Kazakhstan in 1Q2021

In 1Q2021, the loan portfolio of STBs grew by 1.2% qoq due to a significant increase in loans issued in March. The corporate loan portfolio contracted 0.54% qoq, while the retail portfolio grew by 2.8% qoq. Deposit growth in 1Q2021 accelerated from 3.4% qoq in 4Q2020 to 5.8% qoq. This...

In 1Q2021, the loan portfolio of STBs grew by 1.2% qoq due to a significant increase in loans issued in March. The corporate loan portfolio contracted 0.54% qoq, while the retail portfolio grew by 2.8% qoq. Deposit growth in 1Q2021 accelerated from 3.4% qoq in 4Q2020 to 5.8% qoq. This...

14.05.2021

Kazakh National Bank does not conduct foreign exchange interventions in April

The foreign exchange market continues to be supported by the sale of foreign currency from the National Fund as part of the allocation of transfers to the budget and the sale of export earnings from the quasi-public sector, sales of which in April amounted to $175 million. There was no...

The foreign exchange market continues to be supported by the sale of foreign currency from the National Fund as part of the allocation of transfers to the budget and the sale of export earnings from the quasi-public sector, sales of which in April amounted to $175 million. There was no...

14.05.2021

Internal migrants in Kazakhstan ask for credit holidays

According to Senator Alimzhan Kurtaev, migrants under the Enbek program, who have bank loans, must be granted credit holidays for a period of 6 months to a year.

It is also important because often due to arising in the process of moving debts in the subsequent citizens are denied the provision...

According to Senator Alimzhan Kurtaev, migrants under the Enbek program, who have bank loans, must be granted credit holidays for a period of 6 months to a year.

It is also important because often due to arising in the process of moving debts in the subsequent citizens are denied the provision...

14.05.2021

Defendants in Buzgul Aurum case reimburse 899.4 million tenge to Unified Accumulative Pension Fund

The defendants in the case of investing the funds of the Unified Accumulative Pension Fund in the obviously problematic company Buzgul Aurum reimbursed the fund at their own expense part of the damage in the amount of 899.4 million tenge.

Within the framework of the enforcement proceedings in favour of the...

The defendants in the case of investing the funds of the Unified Accumulative Pension Fund in the obviously problematic company Buzgul Aurum reimbursed the fund at their own expense part of the damage in the amount of 899.4 million tenge.

Within the framework of the enforcement proceedings in favour of the...

14.05.2021

Alfa-Bank sums up results for 1Q2021

For the first quarter of 2021, the bank's own assets amounted to 718 billion tenge, the volume of customer funds reached 534 billion tenge. The client base of legal entities and individual entrepreneurs increased by 9%, individuals by 5%.

In March this year, the international agency Fitch Rating has affirmed the...

For the first quarter of 2021, the bank's own assets amounted to 718 billion tenge, the volume of customer funds reached 534 billion tenge. The client base of legal entities and individual entrepreneurs increased by 9%, individuals by 5%.

In March this year, the international agency Fitch Rating has affirmed the...

14.05.2021

India’s PNB faces Rs 500-cr hit this fiscal after its Kazakh venture is told to shut down

Punjab National Bank (PNB), one of India’s biggest public sector banks, may have to end up providing Rs 500 crore in fiscal 2021 towards the erosion of its investment in Kazakhstan’s JSC Tengri Bank, people aware of the matter said. The provision will be more than a quarter of the...

Punjab National Bank (PNB), one of India’s biggest public sector banks, may have to end up providing Rs 500 crore in fiscal 2021 towards the erosion of its investment in Kazakhstan’s JSC Tengri Bank, people aware of the matter said. The provision will be more than a quarter of the...

14.05.2021

KASE index down 0.53% to 3294.87 on May 13

As a result of shares trading on Kazakhstan Stock Exchange (KASE) on Thursday the KASE index value decreased by 0.47% from 3312.28 to 3294.87.

Volume of transactions with shares included in KASE index representative list decreased by 2.7 times relative to previous trade one and amounted to T80,1 million or $188...

As a result of shares trading on Kazakhstan Stock Exchange (KASE) on Thursday the KASE index value decreased by 0.47% from 3312.28 to 3294.87.

Volume of transactions with shares included in KASE index representative list decreased by 2.7 times relative to previous trade one and amounted to T80,1 million or $188...

14.05.2021

Weighted average dollar exchange rate on KASE settles at 428.50 tenge

The weighted average dollar exchange rate on Kazakhstan stock exchange (KASE) on May 13, 2021 at 17:00 amounted to 427.59 tenge. According to KASE, the minimum exchange rate was 426.80 tenge per US dollar, the maximum 429 tenge, the closing rate 428.50 tenge.

Trading volume in US currency amounted to 136...

The weighted average dollar exchange rate on Kazakhstan stock exchange (KASE) on May 13, 2021 at 17:00 amounted to 427.59 tenge. According to KASE, the minimum exchange rate was 426.80 tenge per US dollar, the maximum 429 tenge, the closing rate 428.50 tenge.

Trading volume in US currency amounted to 136...

14.05.2021

Greenback stocks to position as US inflation looms

The dollar held on to its gains on Thursday and riskier currencies fell, in a continuation of moves that started in the previous session when a surprisingly large rise in U.S. consumer prices fanned inflation fears.

Data showed that U.S. consumer prices increased by the most in nearly 12 years in...

The dollar held on to its gains on Thursday and riskier currencies fell, in a continuation of moves that started in the previous session when a surprisingly large rise in U.S. consumer prices fanned inflation fears.

Data showed that U.S. consumer prices increased by the most in nearly 12 years in...

14.05.2021

Stock markets plummet as commodities support falters

World stocks were spiraling towards their worst week of the year on Thursday, as a bigger-than-expected rise in U.S. inflation worried bond markets and as red-hot metals, crop and cryptocurrency prices all suffered sudden stops.

For traders the only place to take refuge was the U.S. dollar.

Asia had taken a post-Wall...

World stocks were spiraling towards their worst week of the year on Thursday, as a bigger-than-expected rise in U.S. inflation worried bond markets and as red-hot metals, crop and cryptocurrency prices all suffered sudden stops.

For traders the only place to take refuge was the U.S. dollar.

Asia had taken a post-Wall...

Oil and Gas Sector

14.05.2021

Russia, Kazakhstan, other CIS states announce works on midstream installations

Kazakhstan's Shymkent refinery has started its planned maintenance May 6, according to local media reports. Following its upgrade, the refinery has increased its turnaround cycle to once every three years. Its previous major maintenance was in 2018. The refinery is expected to be back in early June. Works at the...

Kazakhstan's Shymkent refinery has started its planned maintenance May 6, according to local media reports. Following its upgrade, the refinery has increased its turnaround cycle to once every three years. Its previous major maintenance was in 2018. The refinery is expected to be back in early June. Works at the...

14.05.2021

Oil supply/demand balance approaches deficit

Oil demand in 2021 will grow to 96.4 million barrels per day, which is 5.4 million b/d more than in 2020, the previous estimate of the increase has been reduced by 270 thousand b/d, follows from the report of the International Energy Agency. The adjustment took into account the change...

Oil demand in 2021 will grow to 96.4 million barrels per day, which is 5.4 million b/d more than in 2020, the previous estimate of the increase has been reduced by 270 thousand b/d, follows from the report of the International Energy Agency. The adjustment took into account the change...

14.05.2021

Tenge fails to strengthen along with higher oil prices

The National Bank explained why the rising oil price did not help the tenge to strengthen. According to the Deputy Chairman of the National Bank Aliya Moldabekova, tendencies for the weakening of the tenge were formed at the beginning of April and were caused by a reduction in investments of...

The National Bank explained why the rising oil price did not help the tenge to strengthen. According to the Deputy Chairman of the National Bank Aliya Moldabekova, tendencies for the weakening of the tenge were formed at the beginning of April and were caused by a reduction in investments of...

14.05.2021

KazMunayGas changes composition of board of directors

The composition of the Board of Directors of National Company KazMunayGas has been changed. The decision was made by the general meeting of shareholders on April 26, 2021, with reference to the information of KASE.

The following changes have been made:

Almasadam Satkaliev, member of the board of directors, Anthony Espina, member...

The composition of the Board of Directors of National Company KazMunayGas has been changed. The decision was made by the general meeting of shareholders on April 26, 2021, with reference to the information of KASE.

The following changes have been made:

Almasadam Satkaliev, member of the board of directors, Anthony Espina, member...

14.05.2021

Decision to reduce tariff of KazTransGas Aimak remains in force

Earlier, by order of the Department of the Committee for Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan for the city of Shymkent, dated November 5, 2020, No. 135-NK, the Shymkent production branch of KazTransGas Aimak approved a tariff and a tariff estimate for services for...

Earlier, by order of the Department of the Committee for Regulation of Natural Monopolies of the Ministry of National Economy of Kazakhstan for the city of Shymkent, dated November 5, 2020, No. 135-NK, the Shymkent production branch of KazTransGas Aimak approved a tariff and a tariff estimate for services for...

14.05.2021

Kazakhstan produces 4.1 million tonnes of oil products in 2021

The Minister of Energy of Kazakhstan Nurlan Nogayev announced the production of oil products for four months of this year.

"In January-April of this year, more than 4.1 million tonnes of oil products were produced, this figure is 105.4% to the plan of the reporting period, including the figure for motor...

The Minister of Energy of Kazakhstan Nurlan Nogayev announced the production of oil products for four months of this year.

"In January-April of this year, more than 4.1 million tonnes of oil products were produced, this figure is 105.4% to the plan of the reporting period, including the figure for motor...

14.05.2021

Gasoline in Kazakhstan continues to rise in price

The cost of gasoline in Kazakhstan will continue to grow. This forecast was voiced by experts in the oil and gas industry. According to economist Arman Baiganov, by the end of the year the cost of AI-92 will exceed 170 tenge per litre and may grow up to 180 tenge...

The cost of gasoline in Kazakhstan will continue to grow. This forecast was voiced by experts in the oil and gas industry. According to economist Arman Baiganov, by the end of the year the cost of AI-92 will exceed 170 tenge per litre and may grow up to 180 tenge...

14.05.2021

Gazprom Neft to produce high-tech graphite electrodes for metallurgy industry

Gazprom Neft, one of Russia’s leading oil companies with extensive downstream business in Central Asia, has begun implementing an investment project to develop a cutting-edge graphite-electrode plant in the Avangard Special Economic Zone (SEZ) in Omsk. Target capacity at the plant is 30,000 tonnes per year, which will cover...

Gazprom Neft, one of Russia’s leading oil companies with extensive downstream business in Central Asia, has begun implementing an investment project to develop a cutting-edge graphite-electrode plant in the Avangard Special Economic Zone (SEZ) in Omsk. Target capacity at the plant is 30,000 tonnes per year, which will cover domestic steel manufacturers’...

14.05.2021

Production at Azeri-Chirag-Guneshli hits 44 million barrels

The total production at Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of fields amounted to 44 million barrels in the 1st quarter of 2021, BP Azerbaijan has said in its report.

According to the report, during the reported period:

the total production on the block of fields amounted to 484,000 barrels per day

the Chirag field...

The total production at Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of fields amounted to 44 million barrels in the 1st quarter of 2021, BP Azerbaijan has said in its report.

According to the report, during the reported period:

the total production on the block of fields amounted to 484,000 barrels per day

the Chirag field accounted for 30,000...

14.05.2021

Brent drops below $68/b on India’s raging bug

Oil prices fell more than 2% on Thursday as India's coronavirus crisis deepened and a key US pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after the IEA and Opec forecast a rebound in global demand later in the year.

Brent crude was down $1.65,...

Oil prices fell more than 2% on Thursday as India's coronavirus crisis deepened and a key US pipeline resumed operations, halting a rally that had lifted crude to an eight-week high after the IEA and Opec forecast a rebound in global demand later in the year.

Brent crude was down $1.65,...

14.05.2021

North Sea natural gas prices retreat as EU carbon benchmark peaks

British wholesale gas prices fell on Thursday morning as European Union carbon prices retreated from record levels and on a balanced system.

The within-day contract was down 1.75 pence at 66.00 p/therm by 0918 GMT.

The day-ahead contract was down 1.25 p at 66.25 p/therm.

Gas prices had risen on Wednesday, partly due...

British wholesale gas prices fell on Thursday morning as European Union carbon prices retreated from record levels and on a balanced system.

The within-day contract was down 1.75 pence at 66.00 p/therm by 0918 GMT.

The day-ahead contract was down 1.25 p at 66.25 p/therm.

Gas prices had risen on Wednesday, partly due...

Metals and Minerals

14.05.2021

Kazakh PM confers with head of French nuclear company Orano

Prime Minister of the Republic of Kazakhstan Askar Mamin held a meeting with the chairman of the board of directors of Orano Claude Imoven, according to the press service of the head of the Government of the Republic of Kazakhstan.

Claude Imoven presented to the PM the plans for further development...

Prime Minister of the Republic of Kazakhstan Askar Mamin held a meeting with the chairman of the board of directors of Orano Claude Imoven, according to the press service of the head of the Government of the Republic of Kazakhstan.

Claude Imoven presented to the PM the plans for further development...

14.05.2021

Zinc extraction increases at Uchalinsky MMC

At the enrichment plant of Uchalinsky MMC, an enterprise of the raw materials complex of UMMC, as part of the implementation of the plan of scientific and practical cooperation with BFK Engineering, work was carried out to increase the technological indicators of enrichment. For the first time in Russia and...

At the enrichment plant of Uchalinsky MMC, an enterprise of the raw materials complex of UMMC, as part of the implementation of the plan of scientific and practical cooperation with BFK Engineering, work was carried out to increase the technological indicators of enrichment. For the first time in Russia and...

14.05.2021

Bullion remains bearish, competition by US dollar, state paper blamed

Gold prices fell to a week-long low on Thursday, pressured by a rise in US Treasury yields and the appreciation of the dollar, after a sharp slump in consumer prices boosted expectations of early interest rate hikes.

At 0921 GMT, spot gold was down 0.1% at $ 1,814.21 an ounce, after...

Gold prices fell to a week-long low on Thursday, pressured by a rise in US Treasury yields and the appreciation of the dollar, after a sharp slump in consumer prices boosted expectations of early interest rate hikes.

At 0921 GMT, spot gold was down 0.1% at $ 1,814.21 an ounce, after...

14.05.2021

Base metals down on disappointing China data

Copper prices slipped on Thursday as a higher dollar, weak loan data from top consumer China and worries that Chinese authorities could cap commodity prices triggered a sell-off.

Benchmark copper on the London Metal Exchange was down 1% at $10,344 a tonne at 0956 GMT. Earlier this week prices of the...

Copper prices slipped on Thursday as a higher dollar, weak loan data from top consumer China and worries that Chinese authorities could cap commodity prices triggered a sell-off.

Benchmark copper on the London Metal Exchange was down 1% at $10,344 a tonne at 0956 GMT. Earlier this week prices of the...

Energy Industry

14.05.2021

Kazakhstan generates 40 billion kWh of electricity in 1Q

The Minister of Energy of Kazakhstan Nurlan Nogayev spoke about the electricity generated in the first quarter, Kazinform correspondent reports.

“During the reporting period, 40 billion kWh of electricity was generated, i.e. the plan is 100% fulfilled. According to the results of the first quarter, the volume of electricity generated by...

The Minister of Energy of Kazakhstan Nurlan Nogayev spoke about the electricity generated in the first quarter, Kazinform correspondent reports.

“During the reporting period, 40 billion kWh of electricity was generated, i.e. the plan is 100% fulfilled. According to the results of the first quarter, the volume of electricity generated by...

Manufacturing industry

14.05.2021

Production of pharmaceutical products in Kazakhstan increases by 9% on-year

In January-March of this year, the country produced basic pharmaceutical products and drugs for 37.9 billion tenge 20.2% more in value terms than a year earlier. Real growth adjusted for inflation amounted to 9.1%.

In the regional context, the largest production volume traditionally fell on Shymkent at 11.2 billion tenge, 36%...

In January-March of this year, the country produced basic pharmaceutical products and drugs for 37.9 billion tenge 20.2% more in value terms than a year earlier. Real growth adjusted for inflation amounted to 9.1%.

In the regional context, the largest production volume traditionally fell on Shymkent at 11.2 billion tenge, 36%...

14.05.2021

Industrial production in Kazakhstan in January-April increases by 0.8%

Industrial production in Kazakhstan in January-April 2021 increased by 0.8% compared to January-April 2020, citing the Bureau of National Statistics. In the mining and quarrying industries, production declined by 6.7%.

In water supply, collection, treatment and disposal of waste, activities to eliminate pollution, production increased by 7.5%, in the supply of...

Industrial production in Kazakhstan in January-April 2021 increased by 0.8% compared to January-April 2020, citing the Bureau of National Statistics. In the mining and quarrying industries, production declined by 6.7%.

In water supply, collection, treatment and disposal of waste, activities to eliminate pollution, production increased by 7.5%, in the supply of...

14.05.2021

Another factory worth billions opens in Karaganda region

In Karaganda, a new production was launched for 12 billion tenge, with reference to the regional administration. The city will start producing high-quality coal with low ash content. In particular, an enrichment plant was opened for 12 billion tenge. The project's capacity is 300 tonnes of clean coal per hour,...

In Karaganda, a new production was launched for 12 billion tenge, with reference to the regional administration. The city will start producing high-quality coal with low ash content. In particular, an enrichment plant was opened for 12 billion tenge. The project's capacity is 300 tonnes of clean coal per hour,...

14.05.2021

East Kazakhstan region implements two new projects

In the East Kazakhstan region, two projects are being implemented with a total cost of about 14 billion tenge. This was reported in the regional department of energy and housing and communal services. In Ust-Kamenogorsk and Semey, it is planned to build new sanitary landfills and waste processing complexes with...

In the East Kazakhstan region, two projects are being implemented with a total cost of about 14 billion tenge. This was reported in the regional department of energy and housing and communal services. In Ust-Kamenogorsk and Semey, it is planned to build new sanitary landfills and waste processing complexes with...

14.05.2021

Projects of Pavlodar region receive 588 billion tenge

In the Pavlodar region, over the years of independence, 8 large industries were launched for 588.2 billion tenge. This was reported in the regional administration. The projects were implemented in the mining and metallurgical, chemical industry, mechanical engineering. According to the administration, over 30 years in the region launched eight...

In the Pavlodar region, over the years of independence, 8 large industries were launched for 588.2 billion tenge. This was reported in the regional administration. The projects were implemented in the mining and metallurgical, chemical industry, mechanical engineering. According to the administration, over 30 years in the region launched eight...

Trade and Consumer Goods

14.05.2021

Kazakhstan sharply increases sales of goods to Argentina, Thailand and Singapore

While Kazakhstan was reducing its exports to a number of countries, supplies increased to others, and many times over. In Q1 2021, Kazakhstan's exports to Argentina amounted to $18.6 million against $2.1 thousand in the same period in 2020. The growth was mainly due to the supply of uranium. Volumes...

While Kazakhstan was reducing its exports to a number of countries, supplies increased to others, and many times over. In Q1 2021, Kazakhstan's exports to Argentina amounted to $18.6 million against $2.1 thousand in the same period in 2020. The growth was mainly due to the supply of uranium. Volumes...

14.05.2021

Retail trade in Kazakhstan slows down

Over 2 months of this year, the retail trade turnover in Kazakhstan yielded to last year's indicators by 3%.

Among the CIS countries, there is no data for Moldova and Turkmenistan, the indicator is in positive territory in Tajikistan, Ukraine and Uzbekistan. In Russia and Azerbaijan, retail turnover is in the...

Over 2 months of this year, the retail trade turnover in Kazakhstan yielded to last year's indicators by 3%.

Among the CIS countries, there is no data for Moldova and Turkmenistan, the indicator is in positive territory in Tajikistan, Ukraine and Uzbekistan. In Russia and Azerbaijan, retail turnover is in the...

14.05.2021

Kazakhstan significantly reduces exports to USA, Japan and South Korea

According to the results of the first quarter of 2021, Kazakhstan reduced exports to a number of countries. Among export destinations with a volume of more than $10 million, the largest decrease was recorded in supplies to Japan four times.

Exports to Belgium and Lithuania dropped almost threefold. The volumes to...

According to the results of the first quarter of 2021, Kazakhstan reduced exports to a number of countries. Among export destinations with a volume of more than $10 million, the largest decrease was recorded in supplies to Japan four times.

Exports to Belgium and Lithuania dropped almost threefold. The volumes to...

Agriculture

14.05.2021

Kazakh grain stocks total 8m tonnes as of May 1

According to the Committee on Statistics of Ministry of National Economy of Kazakhstan, as of May 1, the stocks of grains and pulses decreased to 8 mln tonnes compared to 9.39 mln tonnes in the previous month.

In particular, by the beginning of May, the total stocks of Kazakh wheat were...

According to the Committee on Statistics of Ministry of National Economy of Kazakhstan, as of May 1, the stocks of grains and pulses decreased to 8 mln tonnes compared to 9.39 mln tonnes in the previous month.

In particular, by the beginning of May, the total stocks of Kazakh wheat were...

14.05.2021

Exports of Russian agricultural machinery increase by 2.2 times in 1Q2021

The volume of exports of products of Russian agricultural machinery factories in the 1st quarter of 2021 increased 2.2 times compared to the same period last year and reached 3.9 billion rouble, the press service of Rosspetsmash reports. In 2020, domestic factories demonstrated record indicators of foreign shipments of agricultural...

The volume of exports of products of Russian agricultural machinery factories in the 1st quarter of 2021 increased 2.2 times compared to the same period last year and reached 3.9 billion rouble, the press service of Rosspetsmash reports. In 2020, domestic factories demonstrated record indicators of foreign shipments of agricultural...

14.05.2021

US grain futures down as supply shortage fears prove highly exaggerated

Chicago corn futures fell to a more than one-week low on Thursday, as concerns about tight supplies were tempered after the U.S. Department of Agriculture (USDA) pegged a U.S. stocks forecast above market expectations.

Wheat and soybean prices were also weaker with a stronger dollar .DXY adding to downward pressure on prices.

The most-active...

Chicago corn futures fell to a more than one-week low on Thursday, as concerns about tight supplies were tempered after the U.S. Department of Agriculture (USDA) pegged a U.S. stocks forecast above market expectations.

Wheat and soybean prices were also weaker with a stronger dollar .DXY adding to downward pressure on prices.

The most-active...

14.05.2021

Eurasian Economic Commission develops cooperation with International Grains Council

On May 12, the Minister for Industry and Agroindustrial Complex of the Eurasian Economic Commission Artak Kamalyan and the Executive Director of the International Grain Council Arnaud Petit signed a Memorandum of Understanding between the EEC and the International Grains Council.

The document provides for the exchange of experience and data...

On May 12, the Minister for Industry and Agroindustrial Complex of the Eurasian Economic Commission Artak Kamalyan and the Executive Director of the International Grain Council Arnaud Petit signed a Memorandum of Understanding between the EEC and the International Grains Council.

The document provides for the exchange of experience and data...

Communications and Transportation

14.05.2021

Netherlands and Montenegro open flights to Kazakhstanis

Kazakhstan opens flights with European countries, with reference to the Ministry of Industry and Infrastructure Development. An interdepartmental commission allowed the opening of flights to Montenegro and the Netherlands. It is also possible to increase air traffic with the United Arab Emirates, Kyrgyzstan, Uzbekistan.

Passenger flights with Montenegro will open from...

Kazakhstan opens flights with European countries, with reference to the Ministry of Industry and Infrastructure Development. An interdepartmental commission allowed the opening of flights to Montenegro and the Netherlands. It is also possible to increase air traffic with the United Arab Emirates, Kyrgyzstan, Uzbekistan.

Passenger flights with Montenegro will open from...

14.05.2021

Kazakhstan increases number of flights with other countries

Kazakhstan decided to open and increase regular international flights to Montenegro, UAE, Kyrgyzstan, Uzbekistan and the Netherlands. This became known during a meeting of the Interdepartmental Commission to prevent the emergence and spread of COVID-19, the press service of the Ministry of Industry of the republic reports.

In particular, from May...

Kazakhstan decided to open and increase regular international flights to Montenegro, UAE, Kyrgyzstan, Uzbekistan and the Netherlands. This became known during a meeting of the Interdepartmental Commission to prevent the emergence and spread of COVID-19, the press service of the Ministry of Industry of the republic reports.

In particular, from May...

14.05.2021

Kazakhstan introduces electronic customs escort of goods

In Kazakhstan, from May 16, 2021, the transit of goods imported to the address of Kazakhstani importers will begin to use electronic customs escort. This was reported by the State Revenue Committee.

To monitor the transportation of foreign goods across the country, they will use technical means of satellite navigation seals.

"Directly...

In Kazakhstan, from May 16, 2021, the transit of goods imported to the address of Kazakhstani importers will begin to use electronic customs escort. This was reported by the State Revenue Committee.

To monitor the transportation of foreign goods across the country, they will use technical means of satellite navigation seals.

"Directly...

14.05.2021

Kazakhstan redefines approaches to blockchain technologies

The government considered the development of the cryptoindustry and blockchain technologies. According to the press service of the head of the Cabinet of Ministers of Kazakhstan, at the meeting chaired by the First Deputy Prime Minister of Kazakhstan Alikhan Smailov, proposals were systematised, which will become the basis of the...

The government considered the development of the cryptoindustry and blockchain technologies. According to the press service of the head of the Cabinet of Ministers of Kazakhstan, at the meeting chaired by the First Deputy Prime Minister of Kazakhstan Alikhan Smailov, proposals were systematised, which will become the basis of the...

Regional News

14.05.2021

С5+1: Central Asia modelled on Latin America

The world knows many formats of diplomatic and political dialogue between different countries of the world. They serve not only to develop joint positions on certain issues, but also in a number of cases so that a global or regional hegemon could, without intermediaries and witnesses, bring his position to...

The world knows many formats of diplomatic and political dialogue between different countries of the world. They serve not only to develop joint positions on certain issues, but also in a number of cases so that a global or regional hegemon could, without intermediaries and witnesses, bring his position to...

14.05.2021

Russian workers not ready for retraining

The human capital accumulated by Russian workers is in little demand on the national labour market, it follows from the data of the Higher School of Economics. This is due to the specifics of the Russian attitude to education. Although more than half of the country's adult population has a...

The human capital accumulated by Russian workers is in little demand on the national labour market, it follows from the data of the Higher School of Economics. This is due to the specifics of the Russian attitude to education. Although more than half of the country's adult population has a...

14.05.2021

Russia faces liquidity shortage this year

The Russian economy this year may face a serious liquidity shortage, writes Vedomosti, citing the opinion of a number of experts.

Last year, the lack of money in the economy was avoided by consuming previously accumulated excess bank liquidity and increasing the effect of credit multiplication of money, Deshko notes. This...

The Russian economy this year may face a serious liquidity shortage, writes Vedomosti, citing the opinion of a number of experts.

Last year, the lack of money in the economy was avoided by consuming previously accumulated excess bank liquidity and increasing the effect of credit multiplication of money, Deshko notes. This...

14.05.2021

Russian currency keeps firming as equity depreciates

The Russian rouble strengthened on Thursday, recovering some losses sustained in the previous session after a bigger-than-expected increase in U.S. consumer prices fuelled inflation concerns.

At 0733 GMT, the rouble was 0.4% stronger against the dollar at 74.32 and had gained 0.2% to trade at 89.95 versus the euro.

U.S. consumer prices...

The Russian rouble strengthened on Thursday, recovering some losses sustained in the previous session after a bigger-than-expected increase in U.S. consumer prices fuelled inflation concerns.

At 0733 GMT, the rouble was 0.4% stronger against the dollar at 74.32 and had gained 0.2% to trade at 89.95 versus the euro.

U.S. consumer prices...

14.05.2021

China stock markets keep dwindling as yuan keeps strengthening

China stocks ended lower on Thursday after the country's latest bank lending data missed forecasts, and as Sino-U.S. tensions weighed. The blue-chip CSI300 index fell 1.0% to 4,992.97, while the Shanghai Composite Index shed 1% to 3,429.54 points.

Chinese banks extended 1.47 trillion yuan ($227.91 billion) in new...

China stocks ended lower on Thursday after the country's latest bank lending data missed forecasts, and as Sino-U.S. tensions weighed. The blue-chip CSI300 index fell 1.0% to 4,992.97, while the Shanghai Composite Index shed 1% to 3,429.54 points.

Chinese banks extended 1.47 trillion yuan ($227.91 billion) in new yuan loans in April, down from...

14.05.2021

China's use of FDI surges 38.6% in 4 months

China's actual use of foreign direct investment surged by 38.6 percent on a yearly basis to 397.07 billion yuan ($61.55 billion) in the first four months of 2021, the Ministry of Commerce announced on Thursday.

The FDI volume also represents an increase of 30.1 percent over the same period in 2019,...

China's actual use of foreign direct investment surged by 38.6 percent on a yearly basis to 397.07 billion yuan ($61.55 billion) in the first four months of 2021, the Ministry of Commerce announced on Thursday.

The FDI volume also represents an increase of 30.1 percent over the same period in 2019,...

14.05.2021

China to extend pro-employment policies

China will extend some of its pro-employment policies until the end of this year, further facilitate flexible employment, and increase financial support for sectors that continue to be impacted by the epidemic, a State Council executive meeting said.

The meeting, chaired by Premier Li Keqiang on Wednesday, also passed a draft...

China will extend some of its pro-employment policies until the end of this year, further facilitate flexible employment, and increase financial support for sectors that continue to be impacted by the epidemic, a State Council executive meeting said.

The meeting, chaired by Premier Li Keqiang on Wednesday, also passed a draft...

Prices and Statistics

14.05.2021

Commodities

Date: May 14, 2021;Source: Bloomberg.com

...

Date: May 14, 2021;Source: Bloomberg.com

...
14.05.2021

Exchange Rates

Date: May 14; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 427.55
1 EURO EUR / KZT 515.84
1 RUSSIAN ROUBLE RUB / KZT 5.75
1 CHINESE YUAN CNY / KZT 66.24
1 KYRGYZIAN SOM KGS / KZT 5.05
1 GREAT BRITAIN POUND GBP / KZT 599.6
1 CANADIAN DOLLAR CAD / KZT 352.42
1 AUSTRALIAN DOLLAR AUD / KZT 329.3
...

Date: May 14; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

427.55

1 EURO

EUR / KZT

515.84

1 RUSSIAN ROUBLE

RUB / KZT

5.75

1 CHINESE YUAN

CNY / KZT

66.24

1 KYRGYZIAN SOM

KGS / KZT

5.05

1 GREAT BRITAIN POUND

GBP / KZT

599.6

1 CANADIAN DOLLAR

CAD / KZT

352.42

1 AUSTRALIAN DOLLAR

AUD / KZT

329.3