The delegation of the Republic of Kazakhstan headed by Ambassador of Kazakhstan to Thailand and Permanent Representative of Kazakhstan to UN ESCAP Arman Issetov took part in the Tenth Asia-Pacific Forum on Sustainable Development under the theme «Accelerating the recovery from the coronavirus disease (COVID-19) and the full implementation of...

Kazakhstan’s Deputy Foreign Minister Roman Vassilenko and Germany’s Federal Government Commissioner for Repatriates and National Minorities, Bundestag MP Natalie Pawlik co-hosted the 19th meeting of the Kazakh-German Intergovernmental Commission for the Affairs of Ethnic Germans in Kazakhstan.

The Intergovernmental Commission holds regular meetings to lend support to 226 thousand ethnic Germans living...

As of June 30, 2022, Kazakhstan had about 30,000 registered HIV-positive patients, according to the Kazakh Research Centre for Dermatology and Infectious Diseases of the Kazakh Ministry of Health. Of those, 89.6% (26,900) were Kazakhstani men aged 15-49.

The main indicator for the disease globally is the HIV prevalence rate in...

An additional increase in spending is 2.2 trillion tenge, which will be used to implement the initiatives of the head of state from the message and the election program.

The head of state signed the Law of the Republic of Kazakhstan “On Amendments and Additions to the Law of the Republic...

The volume of money transfers through international money transfer systems increased by 32.7% last year, to 1.8 trillion tenge, follows from the data published by the National Bank.

According to the regulator, the main share of transactions (94.7%) fell on cross-border transfers between Kazakhstan and other countries. Most of all, Kazakhstanis...

One of the most popular credit products among Kazakhstanis is consumer loans without collateral and without restrictions on the purposes for which funds can be used. Today, 12 out of 21 BSTBs in Kazakhstan offer unsecured consumer loans for any purpose.

Bereke Bank offers the lowest rate in the segment: from...

Kazakh banks want to oblige them to sell distressed assets on special digital platforms. Olzhas Kizatov, Deputy Chairman of the Agency for Financial Market Regulation, spoke about what other changes await the financial market.

According to him, this year the regular AQR will be held on 11 banks. It is scheduled...

Kazakhstan plans to amend the budget for 2023. According to the draft resolution, the national budget revenues for 2023 will be increased from 17.5 trillion tenge to 19.1 trillion tenge. Tax revenues will increase to 14.3 trillion tenge (previously 13.5 trillion tenge), non-tax revenues will amount to 351.8 billion tenge...

Since 2022, the AQR assessment of the quality of assets of the banking sector has been carried out in 10 large second-tier banks, which occupy a 71% share in the assets of the banking sector. Olzhas Kizatov, Deputy Chairman of the Agency of Kazakhstan for Regulation and Development of the...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on March 28, 2023 at 17:00 amounted to 454.74 tenge. Compared to the data as of 17:00 on March 27 (458.63 tenge per 1 dollar), the national currency strengthened against the dollar by 3.89 tenge.

According to KASE, the...

The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets.

The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of overseas profits by Japanese...

The KazTransOil company in the port of Aktau shipped 9,959 tonnes of oil from the Kazakh Tengiz field to the President Heydar Aliev tanker for further delivery of raw materials to the Baku-Tbilisi-Ceyhan oil pipeline. According to the company's press service, by the end of March it is planned to...

Russia could agree with Kazakhstan on a rather interesting scheme for the supply of oil to the countries of the European Union. Stanislav Mitrakhovich, an expert from the National Energy Security Fund and the Financial University under the Government of Russia, came to this conclusion. In an interview with the...

The KazMunayGas national company is forced to conduct legal disputes in several jurisdictions at once. This became known from the published consolidated financial statements of KMG for 2022.

As it turned out, the international consortium Karachaganak Petroleum Operating (KPO) in August last year filed a lawsuit with the International Chamber of...

Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to "friendly" countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil and gas output this year.

The West imposed wide-ranging sanctions, including an embargo on seaborne Russian oil imports, after Moscow...

Crude prices edged higher on Tuesday, extending sharp gains from the previous session on supply disruption risks from Iraqi Kurdistan and hopes that turmoil in banking is being contained.

Brent crude futures gained 32 cents, or 0.4%, to $78.44 a barrel by 1408 GMT. West Texas Intermediate U.S. crude was up...

British and Dutch wholesale gas prices fell on Tuesday morning as milder temperature and stronger wind forecasts curbed demand.

The front-month contract at the Dutch TTF hub edged down by 0.20 euro to 41.30 euros per megawatt hour (MWh), while the May contract was 0.55 euro lower at 41.40 euros/MWh by...

In April, high demand for gold will continue. Oksana Lukicheva, an analyst at Otkritie Investments, shared this opinion. During the conversation, the expert noted that several factors currently influence the gold market. First of all, it is financial instability in the economies of Western countries, as well as throughout the...

The largest company in the region continues to take measures to reduce the burden on the environment. Significant results have been achieved in 26 years. Ust-Kamenogorsk Metallurgical Complex (UK MK) has significantly reduced the amount of sulphur dioxide emissions from 69 thousand tonnes in 2001 to 16 thousand tonnes in...

The Ministry of Industry and Infrastructure Development of Kazakhstan hosted a ceremony of signing a tripartite agreement on providing domestic raw materials to manufacturing enterprises in the copper industry. The document was concluded between MIID, Kazakhmys Corporation and manufacturing enterprises, the press service of the Ministry of Industry reports.

The ministry...

Gold prices edged up on Tuesday as the U.S. dollar eased, although an improvement in risk appetite after efforts by regulators to contain worries over the global banking system limited the safe-haven metal's appeal .

Spot gold was up 0.1% at $1,958.85 per ounce, as of 0048 GMT. U.S. gold futures...

Dalian and Singapore iron ore futures rebounded on Monday from oversold levels, although traders’ disappointment particularly over tepid demand for construction steel products in China capped gains.

Benchmark prices of the steelmaking ingredient slumped last week, hitting the lowest levels in more than five weeks on China’s Dalian Commodity Exchange and...

Nickel prices extended gains on Tuesday, boosted by dwindling inventories and short covering by speculators, but expectations of rising supply from Indonesia curbed the upside.

Three-month nickel on the London Metal Exchange gained 0.1% to $23,865 a tonne in official open-outcry trading after earlier climbing as much as 1% and following...

Samruk-Kazyna Construction, which is in charge of the construction of a new 1,000 MW gas power plant in the Turkestan region, has identified a contractor to create its main site, citing the press service of the Samruk-Kazyna Foundation.

“In March, an open tender was held for the purchase of complex turnkey...

The French company may invest 50 million euro in Kazakhstan. This was reported in the Foreign Ministry. The investor is interested in the production and maintenance of locomotives and rolling stock equipment. The company from France also wants to invest in railway infrastructure projects. The Foreign Ministry noted that the...

Projects worth $565.4 million are planned to be implemented by Kazakhstan jointly with China. Within the framework of the II Friendly Dialogue of Cross-Border Cooperation between Kazakhstan and China (Xinjiang Uygur Autonomous Region) 16 documents were signed. Including five commercial contracts for $565.4 million. Six interregional agreements and five memorandums...

Kazakhstan plans to start construction work on 12 projects worth more than $6 billion, Kazakh Invest said. Construction of new facilities will begin in 2023-2025. All these 12 projects are planned to be implemented with investors from China.

Thus, in Kazakhstan, companies from the Middle Kingdom will help establish the production...

It is planned to open a zinc plant in the Turkestan region, with reference to the regional administration. The Turkish company Jayland Holding is interested in the implementation of the project. It is expected that the zinc plant will start working on the territory of the free economic zone.

"A foreign...

A survey of Kazakhstani retail chains showed that retailers are looking for more affordable goods to replace the more expensive categories. According to the study, 45.5% of Kazakhstani retail chains participating in the survey admit that the current trend of this year is the search for more affordable goods to...

Kazakhstan began to sell more cucumbers and tomatoes to Russia, but less cabbage. Traditionally, the country supplied vegetables to Russia, Uzbekistan, Turkmenistan, Pakistan and Afghanistan.

In January 2023, potato exports increased by 28.4 times and amounted to 19.8 thousand tonnes compared to the same period in 2022. Uzbekistan became the largest...

Agricultural prices will remain low for at least the next two seasons. The reason is the record carry-over stocks accumulated by buying countries during the pandemic, as well as good harvests from the main producing countries.

It will be especially difficult for Kazakhstan in this situation, since our domestic market will...

The region plans to start the spring campaign in traditional agricultural terms. The amount of state support that will be allocated for these purposes is already known.

How is the situation with subsidies for fertilisers, herbicides and other necessary components to guarantee a good harvest, told the Department of Agriculture.

For the...

Chicago corn futures slipped on Tuesday, after touching a one-month high in the previous session on concerns over Argentina and U.S crops, while wheat and soy futures were little changed.

Traders are looking ahead to Friday’s annual U.S. Agriculture Department (USDA) planting intentions report.

U.S. 2023 corn seeding is seen at 90.880...

Modern life is unimaginable without mobile Internet, the consumption of which is growing rapidly. Beeline shares its data. If in 2021 the company's subscriber spent on average about 12 GB of mobile Internet, then in 2022 this figure increased by 25% and amounted to 15 GB. The leaders in consumption...

Depreciation of locomotives in Kazakhstan is planned to be reduced at the expense of billions of tenge. The Ministry of Industry and Infrastructure Development announced the details. According to the agency, as of March 1, the depreciation of the locomotive fleet was 64.7%. The average age is 24 years. The...

Yandex Plus announces the expansion of the international team and the formation of a regional cluster in the countries of Central Asia, where Kazakhstan will become a focus region. The head office of the cluster will be located in the city of Almaty.

The local hub will allow Plus to continue...

The Ministry of Investment and Development of Kazakhstan has developed the Rules for subsidising the costs of employers who have built rental housing in a village, township, rural district. Lists of villages, settlements, rural districts, on the territory of which employers plan to build dwellings, are determined by administrations and...

In 2022, the volume of endowment funds managed by management companies more than tripled, exceeding RUB120 billion. This was facilitated by the formation by the Vladimir Potanin Charitable Foundation of six endowment funds, most of which were transferred to market management companies, as well as the emergence of several smaller...

The dollar fell by 39.5 kopeck to 76.68 rouble this week. The euro slipped by 6 kopeck to 82.65 rouble. The Chinese yuan fell by 2.6 kopeck to 11.113 rouble.

• Trading volume in USDRUB and CNYRUB decreased versus Friday, while volume in EURRUB increased. For the first time in the...

The Russian stock market by the middle of the Tuesday session, after rising at its beginning, corrected down. By 14:05 Moscow time, the Moscow Exchange Index fell by 0.28% to 2,433.81 points, while the dollar RTS fell by less than 0.1% to 1,001.41 points.

The rouble on the Moscow Exchange changed...

Finam analysts assessed the effectiveness of previously released forecasts for securities. Among the most profitable were the shares of Russian oilmen and metallurgists Bashneft, Rosneft, Polymetal and Rusal.

Uncertainty remains on the Russian stock market, which is reinforced by growing geopolitical tensions. Nevertheless, the investment ideas of Finam analysts, including the...

Against the backdrop of sanctions against Russia and Belarus, their trade turnover in 2022 grew to a record $43 billion. As was reported on Monday, March 27, at a meeting of the Council of Ministers of the Union State, Russian supplies decreased, and Belarusian supplies due to the reorientation of...

China's yuan weakened on Tuesday while holding to a narrow range, as investors waited on the sidelines for further evidence that the country is on track for a solid economic recovery after recent data gave mixed signals.

The yuan meandered within a tight range of 133 pips during the morning in...

Hong Kong stocks rose on Tuesday, as investor fears of deeper banking stress were eased after failed Silicon Valley Bank secured a buyer. Chinese shares, however, were dragged lower by information technology companies.

Hong Kong's benchmark Hang Seng Index climbed 1.1%, and the China Enterprises Index added 1.2%.

China's blue-chip CSI300 Index...

Economic experts and business leaders showed optimism about China's economic growth outlook in 2023 at the just-concluded China Development Forum (CDF) 2023, saying that China is a major driver of the global economy and a reliable supplier for industrial and supply chains.

In its government work report, China unveiled an around...

Date: March 29, 2023; Source: the National Bank of Kazakhstan