Over the past 24 hours Kazakhstan had detected 1,650 new COVID-19 cases as of Wednesday morning, the Telegram Channel of the Interdepartmental Commission for preventing coronavirus spread read.

Of which 427 fresh cases were reported in the city of Nur-Sultan, 183 in Almaty, 28 in Shymkent, 81 in the Akmola region,...

Against the background of the general stabilisation of the socio-economic situation within the country, the pace of lending in the republic accelerated. The loan portfolio of Kazakh banks in June increased by 2.7% mom (+0.6% mom in May) to KZT20,051bln (+8.4% YTD) both due to lending to individuals (+2.9%) and...

In the first half of this year, investments in fixed assets in the field of public administration and defence, as well as compulsory social security in Kazakhstan, reached 38.8 billion tenge, which is 2.2 times more than a year earlier (IFO 205.9%).

For comparison: in the first half of 2021, investments...

The Analytical Centre of the Association of Financiers of Kazakhstan has published a review of statistics on non-cash card transactions for the first half of 2022.

Growth in non-cash transactions in the country slowed to double digits (+48% yoy) compared to triple digits (+148% yoy) in the first half of last...

The Analytical Centre of the Association of Financiers of Kazakhstan has published a review of the Kazakhstani life insurance market for the first half of 2022.

In the first half of 2022, the main indicators of the life insurance market showed growth, with the exception of the volume of insurance premiums...

Director of the Monetary Policy Department of the National Bank Rustem Orazalin spoke about the business activity index in July 2022, citing the press service of the NBRK.

“The low level of new orders in a number of industries, as well as long lead times for the supply of raw materials...

Quarantine restrictions have already been eased in many countries, and tourism is gradually recovering. But health issues and the likelihood of hospitalisation in another country are no less relevant than during the coronavirus pandemic. What insurance programs are on the market and what points of the contract should be paid...

The Ministry of Labour told what changes await the pension system of Kazakhstan. In response to an official request, the department noted that from January 1, 2023, the introduction of a 5% mandatory pension contribution for employers is envisaged. This is spelled out in the concept of further modernisation of...

Analyst of the Association of Financiers of Kazakhstan Ramazan Dosov noted that in matters of investment it is important to clearly define the investment horizon, risk appetite, volume and structure of the potential portfolio.

Further, in his opinion, for the vast majority of instruments (stocks, bonds, precious metals, mutual funds, housing),...

The weighted average rate on the Kazakhstan Stock Exchange (KASE) on August 9, 2022 at 17:00 amounted to 478.46 tenge per dollar. Compared to the data at 17:00 on August 8 (476.66 tenge per 1 dollar), the national currency weakened by 1.8 tenge. According to KASE, the minimum rate at...

The dollar was mixed on Tuesday as markets brace for the latest US inflation reading.

"Tomorrow the latest US inflation figures will be released, in what is likely to be this week's big moment for the American currency. Current investor expectations factor in another 75 bp Fed rate hike in September....

European shares were lower on Tuesday as investors took some money off the table ahead of key US consumer price inflation data due out the next day.

The pan-European Stoxx 600 index fell 0.67%, after making gains on Monday.

Britain's FTSE 100 was just above the flatline after data showed retail sales...

One of the shareholders of CPC ExxonMobil said that he sees sanctions risks for the transportation of oil from Kazakhstan through the system of the Caspian Pipeline Consortium, Interfax reports.

“In the event of an expansion of existing sanctions related to military operations in Ukraine, the imposition of new sanctions, the...

Kazakhstan found itself in a balance of payments surplus thanks to rising fuel prices, NBRK Chairman Galymzhan Pirmatov said in an August 8 interview.

“Indeed, in the first half of the year we observed the highest prices in recent years. Considering that, on average, 60% of Kazakhstan's exports are oil, the...

The Department of Economic Investigations for the Kyzylorda region is conducting a pre-trial investigation into the fact of an unjustified increase in tariffs against officials of KazTransGas Aimak, with reference to the press service of the Agency for Financial Monitoring.

“During the investigation of the case, the company’s income from illegal...

Ukraine’s state oil pipeline operator Ukrtransnafta has stopped pumping Russian, Kazakh and Turkmen crude through the southern branch of the Druzhba system to the EU, RIA Novosti news agency reported on Monday, citing Russia’s Transneft.

According to the report, transit supplies have been halted to Hungary, the Czech Republic and Slovakia.

Igor...

Oil rose $1 a barrel on Tuesday, reversing an earlier decline, after Russia said oil exports to Europe via the southern leg of the Druzhba pipeline had been suspended since early August, reviving concern about tight supply.

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg...

The day before, the pumping volume made up 41.8 mln cubic meters

MOSCOW, August 9. /TASS/. Gazprom supplies gas for Europe through Ukraine in the volume of 42.1 mln cubic meters per day via the Sudzha gas pumping station, a Gazprom representative told reporters, adding that the request for pumping through...

British and Dutch gas prices were mostly down on Tuesday morning after the French nuclear regulator said it would tweak rules that would keep nuclear plants running during a heatwave.

The British contract for immediate delivery was up 8.00 pence at 278.00 pence per therm by 0952 GMT, after rising to 298.00 p/therm...

The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore, which controls multiple mining and metallurgy assets in the world including Kazakhstan’s combine Kazzinc, warned of the continuing margin squeeze on its European smelters.

The commodities powerhouse idled part of its Portovesme smelter in Italy at the...

Gold prices inched lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising pricing pressures.

Spot gold was down 0.2% at $1,785.89

per ounce, as of 0710 GMT. U.S. gold futures eased 0.2% to...

Zinc prices in London fell on Tuesday, as higher inventories in exchange warehouses raised concerns over demand for the metal despite prospects of disrupted supply amid an energy crisis.

Three-month zinc on the London Metal Exchange  fell 0.7% to $3,423 a tonne, as of 0331 GMT, retreating from a six-week high scaled...

In terms of investment in the EAEU, the metallurgical industry is the leader, according to the Strategic Culture Fund publication on August 8.

“Financial experts of the EAEU countries believe that the current level of economic integration does not provide prerequisites for the introduction of a single currency in the space,”...

In the Almaty region, two production facilities are expected to open. One of the projects is being implemented with a foreign investor. According to the regional administration, it is planned to open a plant for waste-free production of building materials from alloys in the Bereke industrial zone by the end...

Export from Kazakhstan to the United States almost doubled in the first half of the year. Deliveries to the United States in January-June 2022 exceeded $730 million, up by 98% from the same period in 2021. The largest volume is occupied by crude oil and oil products. As well as...

The volume of sunflower oil production in the first half of 2022 reached 235 thousand tonnes, which is 38.1% more than in the same period last year. Unrefined sunflower oil accounted for 160,000 tonnes (a 71.5% increase on-year), and 75,000 tonnes for refined sunflower oil (2.5% less than in the...

In Moscow, negotiations were held between the head of Rosselkhoznadzor Sergey Dankvert and the Chairman of the Committee for Veterinary Control and Supervision of the Ministry of Agriculture of Kazakhstan Askar Zhakupbaev. During the meeting, data on trade between the countries was announced.

Thus, in the current year, Russia increased the...

In fact, behind the first third of August, the fields of Pavlodar region become livelier: naturally, the harvesting of roughage does not stop, but only picks up pace, and some peasants put the first harvesters into grain fields: we are talking about early sowings and winter crops, they are gradually...

Chicago corn, wheat and soybean futures rose on Tuesday after reduced U.S. crop ratings in a weekly government report put attention back on weather risks.

The decline in growing conditions, together with a weaker dollar, helped offset pressure from a resumption in sea exports from Ukraine under a wartime corridor agreement.

The...

The volume of computer programming services, as well as consulting and other related services, excluding the non-observed sector of the economy, for the first quarter of this year amounted to a record 139.6 billion tenge, which is 42.2% more compared to the same period last year. Growth in the volume...

Air Astana explained the delay by the Almaty-Nur-Sultan flight for seven hours, citing the company's press service.

“Flight KS 855 in the direction of Almaty-Nur-Sultan was scheduled to depart at 19:45 NST on August 8. Due to a lightning strike on the aircraft during the previous flight, the aircraft was replaced...

Kazakhstan is expanding the geography of passenger air transportation in the direction of Southeast and South Asia, as well as the Middle East.

At a joint online briefing, Kazakh airlines shared their plans to expand the foreign geography of flights.

Air Astana plans to resume the Almaty-Bangkok flight four times a week...

The representative of the Ministry of Internal Affairs of Kazakhstan, Shugyla Turlybek, announced a joint meeting of the department to combat Internet fraud. The meeting was attended by representatives of the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan, as well as managers and responsible specialists of telecom...

A Soyuz-2.1b carrier rocket carrying a group of satellites blasted off from launch pad No31 of Baikonur cosmodrome at 11:55 am Nur-Sultan time on Tuesday.

The carrier rocket with Fregat upper-stage will bring Khayyam remote sensing satellite into orbit under an order of the Islamic Republic of Iran. Apart from the...

Kazakh Digital Development, Innovations and Aerospace Industry miinster Bagdat Mussin arrived for a working visit at the Baikonur space centre.

The Minister is expected to meet with director general of Roscosmos state corporation Yuri Borisov to discuss joint cooperation issues between Kazakhstan and Russia at the Baikonur space complex. Besides the...

Over 3.12 million people entered Russia in the second quarter of 2022 to work, TASS reported on Monday citing data from FinExpertiza audit and consulting network.

“In the second quarter of 2022 there were 4.16 million foreigners on migration registration… while 3.12 million people (75%) indicated work as the purpose of...

Russian companies will be able to open D type accounts to honour commitments towards Eurobond holders, according to the presidential decree posted on Monday.

A Russian legal entity having commitments related to Eurobonds will be able to send an application to a Russian bank on the basis of authorisations issued by...

The rouble firmed towards 60 against the U.S. dollar on Tuesday, retaining support from capital controls and high prices for oil, Russia's key export, while stock indexes were mixed as the market lacked momentum.

At 0738 GMT, the rouble was 0.6% stronger against the dollar at 60.40, trading in a range...

Russia bought $6.7 billion worth of goods from China in July, an increase of more than a third from the previous month, Bloomberg reported on Monday, citing data from China’s customs authority.

According to the report, Chinese goods are filling the void left by the exodus of western brands amid unprecedented...

China shares edged up on Tuesday led by energy and renewable energy stocks, while gains were capped as COVID-19 outbreaks and tensions with the United States weighed on sentiment.

The CSI300 index rose 0.3% to 4,159.36 at the end of the morning session, while the Shanghai Composite Index gained 0.3% to...

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 111 pips to 6.7584 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

Date: August 10, 2022; Source: the National Bank of Kazakhstan