Speaking after the well-known events in the parliament, the President of the country recalled that, according to the Constitution, our state is social, but in practice this principle is not always observed. In this regard, a number of questions arise:

Why did it happen?

— What should be the welfare state in...

CSTO (Collective Security Treaty Organization) troops completed their peacekeeping mission in Kazakhstan on Jan. 19 after their last contingents left the territory of Kazakhstan, reports the Kazakh Defense Ministry. 

At the beginning of January, Kazakh President Kassym-Jomart Tokayev appealed to the CSTO, an alliance of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and...

President Kassym-Jomart Tokayev dismissed Murat Bektanov from the Minister of Defence’s position and appointed Ruslan Zhaksylykov as the new minister, the Akorda reported on Jan. 19. 

Zhaksylykov previously served as the Deputy Minister of Internal Affairs – Commander-in-Chief of the National Guard. 

Zhaksylykov was born in 1966 in the Almaty region. He...

Violations for 326.3 billion tenge were revealed by state auditors in Almaty in 2021. According to the department of internal state audit in the city, 5.9 billion tenge accounted for financial violations out of the total amount of detected violations. 5 billion tenge, or 84.7%, was reimbursed to the budget...

The last Russian troops returned home from Kazakhstan on Wednesday, having quelled violent protests in the central Asian country. But for Kazakhstan’s other big neighbour, the trouble has only just begun. For China, the crisis in Kazakhstan presented the latest challenge to its cautious approach to foreign interventions. A principle...

After the unrest was neutralised, Kazakhstan was faced with the task of restoring losses and carrying out reforms. In addition to large-scale personnel changes, President Kassym-Jomart Tokayev announced the creation of a new people's fund. It will be aimed at solving real problems in the field of healthcare, education, social...

In the past day, Kazakhstan for the first time documented a total of 16,284 fresh COVID-19, setting a new record since the start of the global pandemic as of Friday morning. The Kazakh capital, Nur-Sultan, recorded the highest number of daily infections with 5,006. The Karaganda region has the second...

According to the National Bank of Kazakhstan, at the end of September 2021, there were 12.5 thousand ATMs in the country, over the year their number decreased by only 5 units, and over 5 years it increased by 2.8 thousand units, or by 29 .3%.

At the same time, 5 years...

Mayor of Almaty Bakytzhan Sagintayev spoke about compensation for damage to SMEs, which suffered during the January riots. According to the Mayor, as a support for the affected SME, he will be released from utility bills for three months, from renting for communal facilities for six months. Sagintayev also said...

The UAPF explained the sale of shares of the People's Bank. The fund recalled that on December 2, 2021, the financial institution announced the repurchase of its own securities and depositary receipts (GDRs). Applications were accepted from 3 to 9 December 2021 at 182.1 tenge per security and $16.78 per...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on January 20, 2022 at 15:00 amounted to 434.24 tenge. According to KASE, the minimum rate at the trades amounted to KZT433.70 per dollar, the maximum to KZT434.70, closing rate to KZT434.20.

The volume of trading in the American currency amounted...

The growth of the economies of the countries of the Eurasian Economic Union (EAEU) in 2022 will be 3.1%, the Eurasian Economic Commission (EEC) predicts. “Although the economies of the EAEU were quite actively recovering last year and reached the pre-pandemic level, this year the experts of the commission predict...

The dollar dipped on Thursday as this week's rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth.

The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar...

European stocks were still lower at midday on Thursday as investors fretted about inflationary pressures.

The pan-European Stoxx 600 was down 0.17 after starting the session higher, driven by a positive close on Asian markets.

Inflation worries continue to put a brake on equities with investors eyeing the potential path and pace...

The Samruk-Kazyna Fund signed an agreement with the Russian Sintez-Capital and RUSNANO Management Company on co-investment in the amount of 14 billion rouble to create a platform and jointly implement chemical projects in Kazakhstan and Russia, the fund's press service reports.

The new platform will allow the funds to jointly launch...

In the Atyrau region, Kazakhstan’s core oil production centre, they calculated the preliminary damage that was caused to the region during the riots. According to the regional finance department, the work of the damage calculation commission continues, but there are preliminary data. According to these data, losses are estimated at...

Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.

Bumi Armada said Wednesday that its board of directors had agreed to sell subsidiaries owning...

OPEC+ can’t solve current oil market challenges alone because the world needs more energy investments to avert future oil price hikes that may impact global economic growth, the UAE’s energy minister said Jan. 19.

The world needs more investments in various crudes from around the world, international oil companies working in...

Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.

Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152...

British and Dutch gas prices fell on Thursday morning on strong supplies of Norwegian gas and liquefied natural gas (LNG) and with temperatures set to rise.

The British contract for day-ahead delivery was down by 7.00 pence to 173.00 pence per therm at 1003 GMT.

The Dutch equivalent day-ahead contract fell by...

Precious metals mining company Polymetal International, with operations in Russia and Kazakhstan, said on Thursday that an initial JORC-compliant mineral resource estimate for its Pavlov asset in Russia pointed to as much as 700,000 ounces of gold being on the property.

Polymetal stated an initial open-pit mineral resource estimate on the...

Gold prices held near two-month highs on Thursday as a retreat in U.S. Treasury yields and the dollar sparked investor interest, with concerns surrounding inflation and geopolitics lending support.

Spot gold eased 0.2% to $1,836.80 per ounce by 1102 GMT, after scaling its highest since Nov. 22 at $1,843.94. U.S. gold...

Low inventories propelled prices for nickel to 11-1/2 year highs on Thursday, with future demand expected to rocket thanks to higher electric vehicle battery consumption.

Benchmark three-month nickel on the London Metal Exchange (LME) climbed 1.1% to $23,375 per tonne, its highest since August 2011.

The most-traded February nickel contract on the Shanghai...

In the ranking of countries in the world in terms of the number of armed forces (regular troops) in 2021, Kazakhstan took 70th place out of 166. According to the rating, the number of the country's armed forces is 39 thousand people, the number of paramilitary formations (not related to...

In early January of this year, rallies were held in Kazakhstan, which turned into a real tragedy. During these events, hundreds of business points suffered at the hands of marauders. Thus, according to the Atameken NCE, as of January 13, 2022, 1,731 affected business entities were identified in 10 regions...

In January-November 2021, industrial production amounted to $1.2 trillion and grew by more than 5% compared to the same period in 2020. Belarus (6.7%) and Russia (5.2%) showed the highest growth.

According to the results of 11 months, there is also a positive trend in the commissioning of housing (growth by...

Recent alarming events in the country have not affected the pace of work at important construction sites in the agro-industrial complex of the region. The projects are aimed at providing both the domestic market with products and increasing export deliveries.

The construction of broiler poultry houses of Ust-Kamenogorsk Poultry Farm is...

The peasantry in Kazakhstan is in a very difficult position. It is on the verge of extinction. Diesel fuel, gasoline, spare parts, agricultural machinery, diesel oil - all this has doubled in price on average. Meanwhile, the farmer's output has either not increased at all, or even decreased in price....

Despite the lack of water in the Syrdarya and unfavourable weather at the height of the agricultural season of 2021, rice growers in the Kyzylorda region harvested 500,000 tonnes of rice.

For a crop grown in extreme conditions, this is a good indicator and indicates that the industry has reached a...

Chicago soybean futures edged higher on Thursday to a one-week high, as doubts over South American crop prospects and signs of strong demand helped the oilseed market recover from losses earlier in the week.

Corn and wheat eased after rallying to three-week highs as traders assessed South American weather and ongoing...

Air Astana said its entire network has been fully restored after domestic and international operations were disrupted by civil unrest across Kazakhstan.

The country’s largest airport, Almaty (ALA), reopened Jan. 13, but flights were initially limited to an 8 a.m. to 9 p.m. window. ALA “begins normal operations as the state of...

Sales of new cars grew by 25.9% in 2021, citing the Association of Kazakhstan Auto Business (AKAB). In total, 117.6 thousand vehicles were sold last year.

Changed positions in the ranking of the best-selling cars. Chevrolet is on the first line 29.1 thousand cars (+190.3% compared to 2020). Hyundai dealers sold...

Kazakhtelecom will provide a 50% discount to small and medium businesses. In particular, this measure will affect the OFD service (fiscal data operator) and the Internet. The money will be returned to your personal account by the end of January of this year.

SME clients who use Kazakhtelecom's Internet service will...

On January 13, 2022, Transtelecom paid dividends on ordinary shares for 2016–2018 in the total amount of 2,469,517,629.5 tenge. This became known from a document posted by the company on the website of the Kazakhstan Stock Exchange (KASE), on January 19, a correspondent of the Kapital.kz business information centre reports.

The...

Fraudsters cause significant material damage to Kazakhstanis in the housing market. The Ministry of Internal Affairs told about the most popular methods of deception.

According to the state agency, among the common types of fraud there is such a way as the sale of apartments, houses, the owners of which were...

The indicator of the intensity of bankruptcies of companies in Russia in 2021 remained below the pre-pandemic level. The fears of market participants about a wave of insolvency cases after the lifting of the moratorium on bankruptcy did not come true. This follows from the monitoring of corporate bankruptcies by...

The Russian rouble retreated from 76 versus the dollar on Thursday, but clung onto some gains after recovering in the previous session, while Russian stocks steadied with investors still focused on geopolitics.

By 0851 GMT, the rouble was 0.7% weaker against the dollar at 76.71 and had lost 0.7% to trade...

China's blue-chip stocks closed higher on Thursday after a set of key policy rates and lending benchmarks were cut to prop up a slowing economy, with investors pinning hopes on further easing in policies by Beijing.

The CSI300 index ended 0.9% higher at 4,823.51, while the Shanghai Composite Index edged down...

The yuan has now firmly placed itself among the world’s top five most popular currencies for cross-border payments, securing the fourth spot for the first time in six years. 

When the Society for Worldwide Interbank Financial Telecommunications (SWIFT) started tracking cross-border payment messages in 2010, the yuan ranked only 35th.

The Chinese...

Just days after China cut a major interest rate for central bank lending to big commercial banks, and hours after central bank officials delivered a clear signal about monetary easing through promises of opening the monetary policy toolbox wider, the country took one further step toward capital easing by cutting...

Date: January 21, 2022; Source: Bloomberg.com

Date: January 21, 2022; Source: the National Bank of Kazakhstan