President Kassym-Jomart Tokayev and Prime Minister of Hungary Viktor Orbán are holding a meeting in Akorda now.

The sides will hold negotiations both in narrow and extended formats. Viktor Orbán arrived in Kazakhstan for an official visit. The politicians are expected to discuss the Kazakh-Hungarian cooperation as well as a number...

Minister of Digital Development, Defense and Aerospace Industry Askar Zhumagaliyev has met with Ambassador Extraordinary and Plenipotentiary of Germany to Kazakhstan Tilo Klinner.

The meeting discussed the prospects of strengthening cooperation in defense industry and digital development, the press service of the Ministry of Digital Development, Defense and Aerospace Industry says....

At its XV Congress the Ak Zhol Democratic Party has nominated Daniya Yesspayeva as its candidate for the 2019 presidential election.

It is worth mentioning that Daniya Yesspayeva was chosen by secret ballot. This is the first female candidate will run for president in the Republic of Kazakhstan. Born on March...

The sitiing on April 24 of the general council of the Federation of Trade Unions of Kazakhstan considered nomination of its candidate for the presidential election.

As a result of debates it was decided to nominate Amangeldy Taspikhov as the candidate for the presidential election. Taspikhov was born on November 20,...

President of Kazakhstan Kassym-Jomart Tokayev has received today Minister of Labor and Social Protection of the Population Berdibek Saparbayev.

The Head of State heard a report on the progress in implementation of the Enbek State Program, measures assumed to help low-income families with many children as well as increasing the employment...

A naval flotilla of Iran’s Caspian Sea fleet, comprising two missile-launching corvettes, berthed at the Kazakh port city of Aktau on Wednesday.

The Iranian flotilla, including Separ and Joshan missile-launching corvettes, docked at the Kazakh port as part of the regular naval visits to neighboring states.

The visiting naval forces were given a welcome...

In the first three months of 2019, capital investments aimed at protecting the environment amounted to 33.1 billion tenge, 15.6 times more than in the same period last year. For comparison, in January – March 2018, the amount of investments amounted to only 2.1 billion tenge, with an annual growth...

Prime Minister Askar Mamin has met today with Executive Director of the American Chamber of Commerce Doris Bradbury, Ambassador of Great Britain to Kazakhstan Michael Gifford, Canadian Ambassador Nicholas Brousseau, Head of the EU Delegation to Kazakhstan Sven-Olov Carlsson and U.S. Chargé d'Affaires Theodore Lyng.

The meeting discussed scaling up investment...

President of Kazakhstan Kassym-Jomart Tokayev has held a session on the results of the National Bank's activity in 2018.

Participating in the session were Head of the Presidential Administration Bakytzhan Sagintayev, Assistant to President Timur Suleimenov, First Vice Prime Minister - Minister of Finance Alikhan Smailov, Chairman of the National Bank...

The volume of loans issued by banks of Kazakhstan to individuals in February 2019 amounted to 360 billion tenge, 4% more than last month, and 31.3% more compared to February 2018.

Most of them are consumer loans, at 275.9 billion tenge, with a growth by 2.3% on-month, by 20.3% on-year. The...

The speaker of the Parliament Nurlan Nigmatulin demanded to tighten the responsibility of the first heads of state bodies for the inefficient use of the budget.

During the plenary session of the Parliament, members considered amendments to the Code of Administrative Offenses. During the discussion, MP Meiram Pshembaev asked questions about...

The Kazakhstani HR start-up attracted 40 million tenge of investments and launched on the Russian market.

I2BF and businessman Murat Abdrakhmanov invested in capital.

The HR-bot project is based on WhatsApp. The system allows to automate invitations to interviews, independently forms the base of personnel reserve, conducts surveys among employees, systematises work...

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made up KZT378.77 per US dollar at the trades volume of USD86,596 th.;

- on US dollar with settlements Т+0 and T+2 in tenge no deals were made; at the session close...

The euro fell against the U.S. dollar on Wednesday after a surprise drop in a leading indicator for economic activity in Germany highlighted the divergence between economic data in the United States and the euro zone.

German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions...

Prime Minister of Kazakhstan Askar Mamin has held a meeting with representatives of Royal Dutch Shell, namely Andrew Brown, Upstream Director, Wael Sawan, Executive Vice President Deepwater, and Gerald Schotman, Executive Vice President Upstream JVs.

During the meeting the sides discussed a wide range of issues of bilateral cooperation. Attending the...

In just 28 years of independence, there were 11 prime ministers who presided over a different composition of the government. Some members of the Cabinet were transitional. The government of Kasym-Zhomart Tokayev should be recognised as the most effective, experts of the Centre for Applied Economics Research said.

External conditions were...

The rally in oil prices supports the tenge and the Russian rouble.

The current week began for the national currency with a relatively positive trend. On the side of the tenge, there is a formal tax period, as well as high oil prices and the strengthening of the Russian rouble.

As a...

The privatisation of the Kazakh oil and gas giant KazMunayGas is planned to take place at the site of the Astana international financial centre in 2020. This was announced on April 24, in Novosibirsk during the presentation of the AIFC, claiming the status of the financial hub of Eurasia.

AIFC was...

Kazakhstan’s benchmark Urals crude’s differentials in the Mediterranean softened on Wednesday after Russia’s provisional loading plan for the full month of May showed exports from Baltic Sea ports and Novorossiisk rising by 11 percent on a daily basis from April.

Urals crude loadings from Russia’s Baltic Sea ports of Primorsk and...

Oil prices hovered around six-month highs on Wednesday after data showing rising U.S. stocks countered fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

U.S. crude stocks rose by 6.9 million barrels last week, more than expected, data from the industry group American Petroleum...

British wholesale gas prices recovered somewhat on Wednesday after slumping in the previous session due to oversupply and a shut-in export pipeline but remained at multi-year seasonal lows.

Day-ahead gas rose 4.3 pence, or 16 percent, to 31.00 pence per therm by 0840 GMT. It had closed down 19 percent on...

In the I quarter of 2019, the production of precious and non-ferrous metals in Kazakhstan amounted to 712.4 billion tenge.

This figure has increased by 6.1% in comparison with the same period of 2018.

230.2 thousand kg of raw silver with a decrease by 4.9%, and 22.7 thousand kg of raw gold...

Chem-plus plans to launch a chemical complex for the production of glyphosate and phosphorus in 2020. The project cost is 70.104 billion tenge.

"Chem-plus plans to complete the implementation of the project for Integrated chemical complex for production of glyphosate (herbicide) and phosphorus trichloride in 2020," the management explained. Project capacity...

Kazakhstan intends to export $30 million worth of titanium and niobium products to Turkmenistan, India and Germany.

800-900 tonnes of Kazakhstani products will be sold to these countries.

In addition, starting from 2020, titanium will be supplied to Japan.

"According to the contract signed between the enterprise-manufacturer Dinatron-Kazakhstan and the Japanese company GOTAYIO,...

Gold steadied on Wednesday, crawling up slightly from the lowest in nearly four months hit during the previous session, with bullion pressured by a robust dollar as U.S. stocks took a breather following a strong rally.

Spot gold was up 0.2 percent at $1,274.24 per ounce as of 11:06 a.m. EDT...

Copper and other base metals recovered on Wednesday from the previous day's losses, buoyed by hopes for a U.S.-China trade deal and stronger economic growth in top metals consumer China.

The White House said that top U.S. officials will travel to Beijing for trade talks next week, with one leading official...

A solar power plant worth $46 million was launched in the Karaganda region.

The project with a capacity of 40 MW was implemented in Balkhash at the Gulshat site. The investor was the Chinese company Risen Energy Co Ltd.

"Today, the installed capacity of the SPP in the Karaganda region is 140...

Nursultan Nazarbayev met with the ALSTOM company CEO, Henri Poupart-Lafarge, according to the press service of the First President of the Republic of Kazakhstan.

During the meeting, the parties discussed the current state and prospects of the investment cooperation. “7 years ago we started a successful cooperation. Your enterprises operate in...

Leader of the Nation Nursultan Nazarbayev has met with Henri Poupart-Lafarge, CEO of Alstom.

The sides debated the current state and prospects for investment cooperation. Nursultan Nazarbayev highlighted significance of infrastructure development in the context of strengthening of transit and transport potential of the country.

"Infrastructure development grows in importance nowadays, taking...

The trade sector is traditionally one of the most attractive for small business. Thus, by the end of March of this year, the number of small active companies in the sector reached 37.3 thousand, having increased by 15.8% on-year. For comparison, in the same period a year earlier, their number...

The decline of grain reserves in Kazakhstan in March was even lower than in February, which is obviously associated with a decrease in its export volumes. Grain reserves declined in February not in such a significant amount as in January. For the first month of this year, a record amount...

In March 2019, the production of vegetable oils in Kazakhstan reached the monthly maximum figures, and totaled 41.1 thsd tonnes. Traditionally, in the reporting month sunflower oil formed the main share in the production structure. Oil-producing enterprises of Kazakhstan produced 12.5 thsd tonnes of crude sunflower oil and 10.4 thsd...

"Hungary will invest into construction of a dairy factory in Kazakhstan," Prime Minister of Hungary Viktor Orbán revealed following the talks with Kazakh President Kassym-Jomart Tokayev.

We were the first to support establishing the financial centre in Nur-Sultan. We founded the Kazakhstan-Hungary Investment Fund which has already delivered benefits. We have...

North Kazakhstan region plans to produce agricultural equipment.

According to the regional management of industrial-innovative development, the start of this project is scheduled for the second half of 2019.

The new production in Petropavlovsk will be opened by the German company CLAAS.

“80 jobs will be created at the enterprise. Negotiations regarding the...

Chicago soybeans edged higher on Wednesday, steadying after hitting a 2019 low the previous day, as investors weighed the chances of a U.S.-China trade deal against bumper crop prospects in South America and swine fever in China.

Wheat ticked lower as a bounce from one-month lows this week petered out in...

Capital expenditure totaled KZT 10.7 billion in the ICT sector in Kazakhstan in January-February, reports Profit.kz. The spending grew by 69.1 percent year-on-year, after totaling KZT 6.3 billion in the year-earlier period.

Capital expenditure in the ICT sector formed 0.8 percent of the total capital spending in the country, up by...

From May 22, 2019, the schedule of some passenger trains will change, according to the Passenger Transportation Authority.

As previously reported, after numerous appeals to the carrier, work was carried out in coordination with the Transport Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan and East Kazakhstan region’s...

The Eurasian Economic Union member states have settled the last disagreement regarding the common electricity market, the Eurasian Economic Commission (EEC) press service told BelTA following a meeting held under the chairmanship of EEC Board head Tigran Sargsyan to discuss the development of the common electricity market in the EAEU,...

It took less than half an hour to clear eight truckloads of sunflower seeds through the Bakti port in Xinjiang along the China-Kazakhstan border, as local customs authorities take measures to make trade more efficient.

Liu Junyi, manager of the Yongli Trade Co., Ltd in the city of Tacheng, said the...

Chinese shares closed higher on Wednesday, with the benchmark Shanghai Composite Index ending at 3,201.61 points, up 0.09 percent.

The Shenzhen Component Index closed 1.1 percent higher at 10,236.27 points.

Combined turnover of stocks in the two indices stood at 652.3 billion yuan (about 97.36 billion U.S. dollars), expanding from 324.9 billion...

The Russian rouble slipped against the dollar on Wednesday along with other emerging market currencies, despite receiving support from month-end tax payments and investor expectations of high demand for government bonds.

At 0720 GMT, the rouble was 0.47 percent weaker against the dollar at 63.99 and had lost 0.33 percent to...

The Central Bank of Russia keeps buying gold, adding some 18.7 tons of the precious metal to the county’s vast stockpile in March alone, according to the latest figures released by the regulator.

The boost brought Russia’s estimated gold holdings to more than 2,170 tons (69,700,000 ounces), that amounts to nearly...

The total cost of modernizing the Azerikimya Production Association (PA) is about $500 million, Deputy Director General of Azerikimya Production Association Orkhan Jafarov said.

He made the announcement while speaking at a conference “Oil Refining and Petrochemistry of the Caspian Sea and Central Asia - Conjuncture, Projects Implementation, Technical Solutions” in...

Date: April 25, 2019; Source: Bloomberg.com

Energy

Precious and Industrial Metals

Agriculture

Date: April 25, 2019; Source: the National Bank of Kazakhstan