Kazakh Head of State Kassym-Jomart Tokayev held a meeting with newly appointed Chairman of the Supreme Court Aslambek Mergaliyev.

The Supreme Court Chairman shared his vision on conceptual directions to improve the judicial system so as to ensure the rile of law and increase trust in courts.

Following the meeting, Tokayev noted...

Head of State Kassym-Jomart Tokayev has received today newly appointed governors of West Kazakhstan, Pavlodar, North Kazakhstan and Kostanay regions, Akorda press service reported.

Governor of West Kazakhstan region Nariman Turegaliyev reported to the President on the main indicators of the region’s socio-economic development, the course of implementation of investment projects...

Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Roman Vassilenko, paid a working visit to Vienna, during which he held meetings with representatives of official and business circles.

At a meeting with the Secretary General of the Austrian Foreign Ministry, Peter Launsky-Tieffenthal, the parties noted the vital impetus for...

The issues of strengthening cooperation in healthcare and pharmaceuticals were discussed at the 11th meeting of the Kazakhstan-European Union dialogue platform, chaired by the Prime Minister of Kazakhstan, Alikhan Smailov. 

The event was attended by the Head of the EU Delegation to Kazakhstan, the Ambassadors of Austria, Belgium, Bulgaria, Germany, Italy,...

Analysts of Freedom Finance presented a macro review about rates, rates, shares. Oil prices have been swinging for the third month now, if you look at monthly quotes. After falling 11% in September and recovering 11% in October, prices fell 10% in November. The price at the end of the...

Kursiv Research continues to monitor the consumer confidence index of Kazakhstan residents, examining the main factors affecting this leading macroeconomic indicator inflationary sentiment, unemployment expectations, attitudes towards savings and loans. In November, a telephone survey (CATI) was conducted in all regions of the republic and covered 3,606 respondents the sample...

By the beginning of November of this year, 496.3 thousand small enterprises were registered in Kazakhstan by 5.4% more than last year. Of these, operating enterprises amounted to 379 thousand, an increase of 11.4% compared to October 2021.

The number of small businesses in the process of liquidation has been declining...

Trading in KazMunayGas shares has started in Kazakhstan. Bauyrzhan Tulepov, head of the analytical research department at Jusan Invest, assessed how interested investors are in this asset.

According to him, most applications for participation in the IPO of KazMunayGas traditionally came from Almaty at 31%, Astana at 19%. The East Kazakhstan...

AFK analyst Zarina Skripchenko does not expect significant changes in the market. According to her forecasts, the US Federal Reserve will continue to raise rates until it sees signs of a steady decline in inflation in its country (approximately in the first quarter of 2023).

"After that, it will keep it...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on December 8, 2022 at 17:00 amounted to 472.04 tenge. Compared to the data at 17:00 on December 7 (473.51 tenge per 1 dollar), the national currency strengthened against the dollar by 1.47 tenge.

According to KASE, the minimum...

The U.S. dollar remained weak on Thursday after sliding against major peers overnight for the first time this week as investors fretted about the potential for recession in the United States.

The yen garnered support from a decline in Treasury yields amid bets the U.S. Federal Reserve will slow the pace...

European shares were still mostly in the red at the end of trading on Thursday, as worries over a looming recession dampened sentiment.

The pan-regional Stoxx 600 was down 0.12% at 435.68, as the DAX in Frankfurt eked out gains of 0.02% to 14,264.56.

France's CAC 40 was off 0.2% at 6,647.31,...

Prime Minister of Kazakhstan Alikhan Smailov took part in the opening ceremony of trading in NC KazMunayGas  JSC shares within the largest IPO in the history of Kazakhstan's stock market.

People could already buy KMG shares at a price of 8,406 tenge from November 9 to December 2 on Astana International...

Magzum Mirzagaliyev, Chairman of the Board of the National Company KazMunayGas, commented on the situation with tankers in the Bosporus Strait, a correspondent of the Kapital.kz business information centre reports. According to the head of KMG, in December the term for the passage of tankers through the Bosporus and Dardanelles...

KazMunayGas shares during the year may rise in price by 20-30%. Such a forecast after the start of trading on AIX was announced by the chief executive officer of Freedom Holding Corp. Timur Turlov.

"We believe that the fair price of the share could be almost 1.5 times higher than today....

Vladimir Demidov explained why Russia should unite with Uzbekistan and Kazakhstan in the supply of liquefied natural gas (LNG).

He noted that Russia is currently making attempts to expand the list of gas buyers. And since the EU countries are now cut off from Russian LNG supplies, our country is trying...

The two largest U.S. oil companies Exxon Mobil Corp and Chevron Corp, both of which have major upstream assets  in Kazakhstan, disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.

While spending more, it will be less than half the combined $84 billion they...

Oil settled lower for a fifth straight session on Thursday as traders shrugged off the closure of a major Canada-to-U.S. crude pipeline, focusing instead on concerns that global economic slowdowns would slash fuel demand.

Brent crude settled at $76.15 a barrel, losing $1.02, or 1.3%. U.S. West Texas Intermediate (WTI) crude...

European natural gas prices slumped as record imports of liquefied natural gas helped to offset a blast of winter weather that’s testing the region’s resilience to the energy crisis.

LNG imports into northwest Europe have surged in recent weeks as high prices attract shipments. The continent is also seeking to prevent...

Minister of Industry and Infrastructure Development Kairbek Uskenbayev does not rule out the possibility of banning Arcelor Mittal’s activity in Kazakhstan territory.

“You will get to know about it soon. Tough decisions are taken in regards to the leadership of JSC Arcelor Mittal Temirtau. We even put an issue of banning...

Gold prices eased on Thursday as the dollar recovered slightly, while market participants await further direction on U.S. rate hikes from the Federal Reserve meeting next week.

Spot gold fell 0.2% to $1,783.50 per ounce, as of 0248 GMT, after rising more than 1% on Wednesday supported by a pullback in...

Iron ore futures rebounded on Thursday as higher imports into China suggested improving demand, with easing COVID restrictions in the country boosting hopes for a rise in consumption.

The most-traded May iron ore contract on China’s Dalian Commodity Exchange advanced 1.4% to 790 yuan ($113.37) a tonne.

Dalian iron ore prices have...

Copper rose on Thursday on hopes that an easing of coronavirus controls in top consumer China will increase demand, with Goldman Sachs predicting prices could reach a record high of $11,000 in a year.

Benchmark copper on the London Metal Exchange (LME) was up 0.5% at $8,501.50 a tonne at 1122...

Several major accidents at Kazakhstan's thermal power plants in recent weeks have shaped the perception that the thermal power industry is a high-risk area created by private players seeking to maximise profits from the dying energy enterprises. In reality, the industry was bombed by the authorities during the period of...

In the Zhetysu region, the implementation of the Kazakh-Chinese project will be resumed, with reference to the regional administration.

 The head of the region, Beibit Isabayev, held an online meeting with investors. In particular, the issue of resuming the project on Kazakhstan-Chinese International Industrial City on the territory of the Khorgos...

In six regions of Kazakhstan, problematic shared construction projects have been identified. This was reported in the Ministry of Industry and Infrastructure Development.

 According to the agency, the construction of 50 housing facilities of this category has not been completed to date. Including 21 in Astana, 11 in the Aktobe region,...

In 11 months of 2022 over 90 thousand cars were manufactured in Kazakhstan.

“Last year, up to 80 thousand cars were manufactured. In 11 months of this year over 90 thousand cars were manufactured. In fact, 110 thousand cars will be made by the yearend. The figure is to rise up...

Personnel changes did not bypass the West Kazakhstan region. Nariman Turegaliyev was appointed to the post of governor, who replaced Gali Iskaliyev. According to the National Statistics Bureau, the population of the WKO as of November 1, 2022 reached 687 thousand people.

Over 9 months, goods worth $6 billion were exported...

Kazakh seed companies will be able to purchase equipment on favourable terms from the world's largest manufacturer of breeding equipment Wintersteiger AG, the press service of the Ministry of Agriculture of Kazakhstan reports.

“This became possible thanks to the memorandum of cooperation, which was signed by the Vice Minister of Agriculture...

In October 2022, Kazakhstan exported 37.6 thsd tonnes of flaxseed, up by 8.1 thsd tonnes m/m, the Kazakh Grain Union reported with reference to the data of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.

In October 2021, Kazakhstan exported 31.3 thsd tonnes of flaxseed,...

Chicago soybean futures climbed on Thursday, supported by strong export demand, pushing the oilseed to nearly 3-month highs.

Wheat traded near even after Wednesday's rebound from a one-year low, although prices remained capped by competition from record high Russian supplies. Corn followed soybeans higher.

Movements in grains were limited as traders awaited...

In January-October 2022, agricultural production in the Eurasian Economic Union in farms of all categories amounted to USD139.2 billion and increased by 5.3% compared to January-October 2021.

Growth was observed in Kazakhstan by 8.2%, Kyrgyzstan by 6.7%, Russia by 5.0%, Belarus by 3.5%.

The positive dynamics is associated with an increase in...

Kazakh airlines carried nearly nine million passengers in 10 months of 2022, which is 16 percent more than last year, reported the Kazakh Civil Aviation Committee press service on Dec. 7, summing up the results of the year.

Among the main achievements of this year is the European Commission’s positive assessment...

In January-October of this year, the transport companies of Kazakhstan transported 3.1 billion tonnes of cargo and luggage, which is 2.9% less than a year earlier.

The largest volume of cargo transportation fell on the Karaganda region: 592.7 million tonnes. The TOP-3 also included the Abay (449.4 million tonnes) and the...

In Kazakhstan, the production of passenger cars and light commercial vehicles shows strong growth. Compared to the nine months of 2021, production increased by 29.8%, and if compared with the same period of the pre-corona crisis 2019, it increased by 2.4 times.

Compared to 2019, car production also increased in Uzbekistan...

Illegal remuneration as a result of corruption in KTZ in the field of cargo transportation can reach several billion tenge. This was announced by the head of the Prevention Service of the Anti-Corruption Agency Sayan Akhmetzhanov.

During his report, he explained that over the past five years, 139 criminal cases have...

The Anti-Corruption Agency warned of the risks of corruption in the financing of road repairs in the future.

During his report, the head of the agency’s prevention service, Sayan Akhmetzhanov, drew attention to the fact that in the period from 2023 to 2025, it is planned to allocate 643 billion tenge...

Telecommunications market expert Marina Popova analysed the situation with the introduction of 5G in Kazakhstan. Here is the text in full.

The Minister of Digitalisation often says that Kazakhstan is one of the most advanced countries in the field of digitalisation: a high level of population coverage, the introduction of new...

Rental housing in Kazakhstan fell in price over the month by 2.4%. According to the National Statistics Bureau, in November the rent for housing averaged 4.7 thousand tenge per sq. m. This is 2.4% less than in October 2022. Nevertheless, compared to the same month last year, the rise in...

Among state and municipal e-services among Russians, healthcare services are the most popular. In 2021, 44.6% of all residents of the country applied for them, according to the HSE Institute for Statistical Research and Economics of Knowledge (ISREK). Health-related services lead in all age groups, but then age differences begin....

Historically, the main participants in the Russian stock market were individuals and non-residents, who often took opposite positions in transactions. After February 2022, as a result of a significant change in external conditions and the absence of non-residents from unfriendly countries in trading, the structure of the Russian stock market...

In 2023, the authorities will discuss a mechanism for introducing irrevocable deposits that do not imply the possibility of full or partial withdrawal of funds earlier than the period specified in the agreement. There are proposals to apply 100% insurance compensation to such deposits, at least up to 10 million...

The Russian rouble gained ground on Thursday despite uncertainty over how an oil price cap will affect Russia's main source of income.

At 0930 GMT the Russian rouble was up 0.7% against the dollar at 62.28, advancing from seven-week lows hit in recent sessions. Against the euro, the rouble was up...

China's yuan weakened on Thursday despite the government loosening rigid COVID-19 rules, with the moves seen largely priced in by a market increasingly worried that the road to economic recovery would be bumpy. The onshore yuan was slightly softer than the previous late session close, trading around 6.9770 per dollar...

China's imports of major commodities in November appeared unambiguously strong, but delving into the details shows a more nuanced picture amid ongoing uncertainty.

Imports of energy commodities crude oil, natural gas, coal all showed strong gains from the prior month, as did metals such as copper and iron ore, according to...

Date: December 09, 2022; Source: the National Bank of Kazakhstan