Issue 3371 - 05.12.2019
05.12.2019

Tokayev gave interview to German Deutsche Welle

On the eve of his official visit to Germany, President of Kazakhstan Kassym-Jomart Tokayev gave an interview to Deutsche Welle.

President Tokayev’s Press Secretary Berik Uali revealed that during the interview the Head of State focused on the upcoming negotiations with Chancellor Angela Merkel and the state of bilateral relations.

Tokayev stressed that Germany is a key European partner for Kazakhstan, adding that 86% of German trade with the Central Asian region falls at Kazakhstan. The Kazakh President expressed hope that during his visit to Berlin the sides will ink the agreements and memorandums to the tune of nearly $2 billion.

By Kazinform.

In an interview, Tokayev spoke about the special development path of Kazakhstan and wish to cooperate with Germany.

One of the first topics was power transition in Kazakhstan.

“As for Kazakhstan, there has been a political innovation in some way. In the person of Nursultan Nazarbayev, we have the founding father of the Republic of Kazakhstan, a person who deserves great respect, the Leader of the nation. I am the legally elected President, Head of State, Supreme Commander. There are no contradictions (sometimes, you know, the press likes to stoke up this topic) between us. I admit openly that we consult with each other, sometimes I ask his advice. There is no dual power, no tandem - there is a legally elected President ", - Tokayev said.

He also spoke about the development model of Kazakhstan.

“We are striving for our model. We are striving for the development of democracy. And by the way, democracy, unlike some statements in media, exists in the Republic of Kazakhstan. We have more than 3,500 non-governmental organizations that we support. I mentioned the National Council of Public Confidence, comprised of well-known journalists, public figures, bloggers, economists, with whom I consult from time to time. We have built a market economy. In doing business indicator (World Bank index), Kazakhstan is in the 25 place in the world,” - said the President of Kazakhstan.

He touched upon cooperation with Germany.

“For Kazakhstan, Germany is a key European partner. Kazakhstan accounts for 86% of Germany’s trade with Central Asia. During the visit, I hope a package of agreements and a memorandum the sum of about two billion dollars will be signed. Kazakhstan’s attitude to the European Union is exceptionally positive. In 2018, Kazakhstan's trade with the EU exceeded $ 37 billion, which is half of our country's foreign trade. More than 80% of German investment in our economy is in non-primary sector. It is very important,” Kassym-Jomart Tokayev said.

He noted that Germany is a world leader in engineering and processing of resource materials.

"That is why we are interested in cooperating with it. All the interest areas will be presented to potential German investors. And we will provide special conditions for them," the Head of State concluded.

By Kazakhstanskaya Pravda.

Kazakhstan General

05.12.2019

Kassym-Jomart Tokayev to pay official visit to Germany

The President of Kazakhstan Kassym-Jomart Tokayev will pay an official visit to the Federal Republic of Germany on December 5-6.

The planned negotiations with Chancellor Angela Merkel will consider the state and prospects of the development of bilateral relations between Kazakhstan and Germany. The program of the visit also includes meetings...

The President of Kazakhstan Kassym-Jomart Tokayev will pay an official visit to the Federal Republic of Germany on December 5-6.

The planned negotiations with Chancellor Angela Merkel will consider the state and prospects of the development of bilateral relations between Kazakhstan and Germany. The program of the visit also includes meetings...

05.12.2019

Kazakh PM holds meeting of National Qualifications Council

At the expanded meeting of the National Qualifications Council chaired by Prime Minister Askar Mamin, issues of developing professional standards were considered.

Minister of Labor and Social Protection of the Population Birzhan Nurymbetov reported on the results of the work on developing qualifications framework and professional standards, Minister of Education and...

At the expanded meeting of the National Qualifications Council chaired by Prime Minister Askar Mamin, issues of developing professional standards were considered.

Minister of Labor and Social Protection of the Population Birzhan Nurymbetov reported on the results of the work on developing qualifications framework and professional standards, Minister of Education and...

05.12.2019

Nursultan Nazarbayev receives Almatykitap publishing house CEO

Elbasy Nursultan Nazarbayev received chairwoman of the board of directors of Almatykitap baspasy LLP (publishing house) Eleonora Batalov.

Nursultan Nazarbayev highlighted her contribution to the development of the country’s publishing. He also added that Almatykitap publishes interesting and good books.

Batalova, in her turn thanked Nursultan Nazarbayev for his merits to build...

Elbasy Nursultan Nazarbayev received chairwoman of the board of directors of Almatykitap baspasy LLP (publishing house) Eleonora Batalov.

Nursultan Nazarbayev highlighted her contribution to the development of the country’s publishing. He also added that Almatykitap publishes interesting and good books.

Batalova, in her turn thanked Nursultan Nazarbayev for his merits to build...

05.12.2019

Singaporean experience of the pension system deemed unfit for Kazakhstan

Over 10 months of 2019, the value of pension contributions to the UAPF amounted to 799.7 billion tenge, with an increase by 16.1% compared to the same period last year at 688.5 billion tenge. An increase is observed for all types of deposits.

One of the reasons for the increase in...

Over 10 months of 2019, the value of pension contributions to the UAPF amounted to 799.7 billion tenge, with an increase by 16.1% compared to the same period last year at 688.5 billion tenge. An increase is observed for all types of deposits.

One of the reasons for the increase in...

05.12.2019

Kazakhstanis have to pay 8% more for services in the sports and leisure sector

According to the results of three quarters, the volume of services rendered to Kazakhstanis in the field of sports and recreation organisation reached 152.4 billion tenge, against 148 billion tenge a year earlier. However, taking into account inflation, the IPO in the sector amounted to only 94.7%, which indicates a...

According to the results of three quarters, the volume of services rendered to Kazakhstanis in the field of sports and recreation organisation reached 152.4 billion tenge, against 148 billion tenge a year earlier. However, taking into account inflation, the IPO in the sector amounted to only 94.7%, which indicates a...

05.12.2019

Schengen visa applications by Kazakh citizens increase 26 percent since 2016

Schengen visa applications from Kazakh citizens have increased 26 percent in the last two years, reported Schengen Visa Info.

After a five-year low of 124,735 applications in 2016, Kazakh passport holders have increased the number to 157,608, the highest indicator in the last half-decade. According to the most recent Schengen Visa...

Schengen visa applications from Kazakh citizens have increased 26 percent in the last two years, reported Schengen Visa Info.

After a five-year low of 124,735 applications in 2016, Kazakh passport holders have increased the number to 157,608, the highest indicator in the last half-decade. According to the most recent Schengen Visa...

05.12.2019

Kazakhstan’s third peacekeeping unit starts mission in Lebanon

The third consolidated unit of Kazakh peacekeeping forces started its operations Nov. 27 as part in the United Nations Interim Forces in Lebanon, reported the Ministry of Defence press service. The company consists of 120 military personnel from regional commands and the country’s Air Assault Forces.

“The first and second rotation...

The third consolidated unit of Kazakh peacekeeping forces started its operations Nov. 27 as part in the United Nations Interim Forces in Lebanon, reported the Ministry of Defence press service. The company consists of 120 military personnel from regional commands and the country’s Air Assault Forces.

“The first and second rotation...

Finance and Investment

05.12.2019

Cashless payments in Kazakhstan exceed 1.5 trillion tenge

In October 2019, the volume of non-cash payments on cards used in the territory of Kazakhstan amounted to 1 512.6 billion tenge, an increase of 2.7 times compared to October last year and by 11.5% compared to September. The city of Almaty remains the absolute leader in the volume of...

In October 2019, the volume of non-cash payments on cards used in the territory of Kazakhstan amounted to 1 512.6 billion tenge, an increase of 2.7 times compared to October last year and by 11.5% compared to September. The city of Almaty remains the absolute leader in the volume of...

05.12.2019

ATF Bank rating affirmed

Fitch Ratings affirmed ATFBank at a long-term issuer default rating (IDR) of B-. The outlook is stable. The opinion of Fitch Ratings analysts is based on the fact that ATFBank has “potentially smaller problems with the quality of assets in relation to capital”, as well as “significant reserves of junior...

Fitch Ratings affirmed ATFBank at a long-term issuer default rating (IDR) of B-. The outlook is stable. The opinion of Fitch Ratings analysts is based on the fact that ATFBank has “potentially smaller problems with the quality of assets in relation to capital”, as well as “significant reserves of junior...

05.12.2019

Kazakhstanis no longer able to hide assets in Cyprus

Deputies of the Mazhilis of Parliament approved the ratification of the convention between Kazakhstan and Cyprus on avoiding double taxation and preventing tax evasion. Minister of Finance Alikhan Smailova presented this bill to the deputies of the Mazhilis.

According to him, the convention was concluded on the basis of the model...

Deputies of the Mazhilis of Parliament approved the ratification of the convention between Kazakhstan and Cyprus on avoiding double taxation and preventing tax evasion. Minister of Finance Alikhan Smailova presented this bill to the deputies of the Mazhilis.

According to him, the convention was concluded on the basis of the model...

05.12.2019

Investment residents will be checked for cleanliness of funds

AIFC investment resident candidates will be checked for the legal origin of the funds. According to the Minister of Finance Alikhan Smailov, the main criteria for refusal of residence for investors are determined by the legislation on migration.

"Anyone who wants to obtain a visa and investment residency status will have...

AIFC investment resident candidates will be checked for the legal origin of the funds. According to the Minister of Finance Alikhan Smailov, the main criteria for refusal of residence for investors are determined by the legislation on migration.

"Anyone who wants to obtain a visa and investment residency status will have...

05.12.2019

AIFC exchange promises to abandon state financing in the coming years

The AIFC exchange plans to achieve full self-sufficiency in the next three to five years. During the plenary session of the Mazhilis, deputy Sergei Simonov asked for clarification when it is planned to completely stop financing the AIFC from the budget.

To this, Minister of Finance Alikhan Smailov replied that 36...

The AIFC exchange plans to achieve full self-sufficiency in the next three to five years. During the plenary session of the Mazhilis, deputy Sergei Simonov asked for clarification when it is planned to completely stop financing the AIFC from the budget.

To this, Minister of Finance Alikhan Smailov replied that 36...

05.12.2019

Kazakhstan boosts 2020-2022 budget expenditures by $106 million

The Kazakh government will add 40.8 billion tenge (US$105.5 million) to its budget expenditures for 2020-2022, made possible by redistributing budget programme expenses, said Minister of National Economy Ruslan Dalenov in introducing the draft budget during the Senate plenary session.

“Expenses increased by 40.8 billion tenge (US$105.5 million), including 15 billion...

The Kazakh government will add 40.8 billion tenge (US$105.5 million) to its budget expenditures for 2020-2022, made possible by redistributing budget programme expenses, said Minister of National Economy Ruslan Dalenov in introducing the draft budget during the Senate plenary session.

“Expenses increased by 40.8 billion tenge (US$105.5 million), including 15 billion...

05.12.2019

Sberbank to offer risk-bearing loans with blue-chip stock as collateral

Large Russian and other CIS businesses taking loans from the country’s biggest bank Sberbank, which also holds a leading position in Kazakhstan, will be offered a new loan scheme next year, under which the lender could gain decision-making powers in the companies.

Sberbank announced Tuesday it will introduce a...

Large Russian and other CIS businesses taking loans from the country’s biggest bank Sberbank, which also holds a leading position in Kazakhstan, will be offered a new loan scheme next year, under which the lender could gain decision-making powers in the companies.

Sberbank announced Tuesday it will introduce a new “golden share”...

05.12.2019

Greenback whirls vigorously at the rhythm Washington’s war drums

The US dollar held firm above a one-month low against its rivals on Wednesday as uncertainty about the progress of trade talks between the United States and China fuelled demand for the greenback.

The dollar had come under some pressure this week as some decent eurozone data and surprisingly strong China...

The US dollar held firm above a one-month low against its rivals on Wednesday as uncertainty about the progress of trade talks between the United States and China fuelled demand for the greenback.

The dollar had come under some pressure this week as some decent eurozone data and surprisingly strong China...

05.12.2019

Kazakh PM holds board meeting of Kazakh Invest

At the meeting of the board of directors of JS Kazakh Invest National Company chaired by the Prime Minister Askar Mamin, the results of the company’s work for 11 months of this year were considered

Currently, with the assistance of Kazakh Invest, 228 investment projects with a total volume of about...

At the meeting of the board of directors of JS Kazakh Invest National Company chaired by the Prime Minister Askar Mamin, the results of the company’s work for 11 months of this year were considered

Currently, with the assistance of Kazakh Invest, 228 investment projects with a total volume of about...

Oil and Gas Sector

05.12.2019

Kazakhstan gets over historic slump in gas condensate output

In 1991, hydrocarbon companies received 4.5 million tonnes of gas condensate. In 1994, this figure decreased 2.6 times to 1.7 million tonnes.

The enterprises managed to restore the previous volumes only in 2000, when 4.6 million tonnes of gas were received.

Four years later, this figure almost doubled to 8.8 million tonnes.

In...

In 1991, hydrocarbon companies received 4.5 million tonnes of gas condensate. In 1994, this figure decreased 2.6 times to 1.7 million tonnes.

The enterprises managed to restore the previous volumes only in 2000, when 4.6 million tonnes of gas were received.

Four years later, this figure almost doubled to 8.8 million tonnes.

In...

05.12.2019

Transneft will pay 18 Kazakhstan oil companies compensation for substandard oil

In April-May 2019, an emergency occurred in the pipeline system of Transneft Pdue to the presence of high concentrations of organochlorine compounds in the transported oil, which led to the shipment of substandard oil for Kazakhstan's shippers to tankers in the port of Ust-Luga.

KazTransOil as the national operator of Kazakhstan...

In April-May 2019, an emergency occurred in the pipeline system of Transneft Pdue to the presence of high concentrations of organochlorine compounds in the transported oil, which led to the shipment of substandard oil for Kazakhstan's shippers to tankers in the port of Ust-Luga.

KazTransOil as the national operator of Kazakhstan...

05.12.2019

Over 10 years, 52 million tonnes of oil were transported through the Kenkiyak-Kumkol pipeline

This year marks ten years since the start of operation of the Kenkiyak-Kumkol oil pipeline. A 794.2 km long oil transportation route was built as part of the Kazakhstan-China strategic pipeline project.

It provides for the diversification of domestic oil transportation directions.

At the first stage of the Kazakhstan-China project, the Atasu-Alashankou...

This year marks ten years since the start of operation of the Kenkiyak-Kumkol oil pipeline. A 794.2 km long oil transportation route was built as part of the Kazakhstan-China strategic pipeline project.

It provides for the diversification of domestic oil transportation directions.

At the first stage of the Kazakhstan-China project, the Atasu-Alashankou...

05.12.2019

Commercial metreing of oil has begun on the section of the Uzen-Atyrau-Samara pipeline

On December 1, 2019, commercial accounting of Kazakhstani oil began for export transportation via the Uzen-Atyrau-Samara trunk pipeline of KazTransOil according to the system for measuring the quantity and quality indicators of oil (SICN) of the 1235 km oil pipeline Uzen - Atyrau - Samara ”, located on the territory...

On December 1, 2019, commercial accounting of Kazakhstani oil began for export transportation via the Uzen-Atyrau-Samara trunk pipeline of KazTransOil according to the system for measuring the quantity and quality indicators of oil (SICN) of the 1235 km oil pipeline Uzen - Atyrau - Samara ”, located on the territory...

05.12.2019

Mangistau region exported ten thousand tonnes of bitumen to Uzbekistan

The CASPIBITUM Joint Venture (JV) plant has begun supplying bitumen to Uzbekistan. The amount of exported product amounted to ten thousand tonnes.

- The first export of road bitumen was sent to Uzbekistan in 2017 in the amount of 650 tonnes. Now, after providing the domestic market, the export of products...

The CASPIBITUM Joint Venture (JV) plant has begun supplying bitumen to Uzbekistan. The amount of exported product amounted to ten thousand tonnes.

- The first export of road bitumen was sent to Uzbekistan in 2017 in the amount of 650 tonnes. Now, after providing the domestic market, the export of products...

05.12.2019

Petrol in Kazakhstan bound to rise in price with a growing excise tax on fuels and lubricants

From January 1, 2020, excise taxes per liter of gasoline can increase by 10 tenge in Kazakhstan. At the same time, the Ministry of National Economy does not expect a sharp increase in prices after increasing the excise tax on gasoline. Meanwhile, experts expressed their opinion on the products of...

From January 1, 2020, excise taxes per liter of gasoline can increase by 10 tenge in Kazakhstan. At the same time, the Ministry of National Economy does not expect a sharp increase in prices after increasing the excise tax on gasoline. Meanwhile, experts expressed their opinion on the products of...

05.12.2019

Russia, Ukraine agree on oil transit

Despite the Druzhba pipeline’s contamination fiasco not long ago, it did not prevent Russia’s Transneft oil transportation company from extending an agreement with a key transit country, Ukraine, through which about 14 mln tonnes of oil are delivered per year. Supplies include portions from Kazakhstan, Azerbaijan and Turkmenistan.

The terms of...

Despite the Druzhba pipeline’s contamination fiasco not long ago, it did not prevent Russia’s Transneft oil transportation company from extending an agreement with a key transit country, Ukraine, through which about 14 mln tonnes of oil are delivered per year. Supplies include portions from Kazakhstan, Azerbaijan and Turkmenistan.

The terms of...

05.12.2019

Lukoil CEO speaks out against extension of OPEC+ deal

The head of Lukoil, Vagit Alekperov, has said in an interview with TV station Rossiya-24 that it would not be expedient to deepen global oil production cuts in the winter season, especially for the country.

Alekperov, who is a known opponent of ongoing production cuts 

The head of Lukoil, Vagit Alekperov, has said in an interview with TV station Rossiya-24 that it would not be expedient to deepen global oil production cuts in the winter season, especially for the country.

Alekperov, who is a known opponent of ongoing production cuts agreed between Russia and OPEC, had his comments, recorded last week, aired on Tuesday,...

05.12.2019

Brent edges up despite Russia’s hesitation to stick to OPEC+

Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles. Brent crude futures were up $1.04, or 1.71%, at $61.86 a barrel by 1320 GMT. U.S. West...

Oil gained on Wednesday ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in U.S. crude stockpiles. Brent crude futures were up $1.04, or 1.71%, at $61.86 a barrel by 1320 GMT. U.S. West...

05.12.2019

Persistent warm weather in North Sea region keeps natural gas prices down

Prompt British wholesale gas prices fell sharply on Wednesday morning, with the UK gas system oversupplied and rising temperatures expected to reduce demand.

The within-day contract was down 2.90 pence at 34.00 p/therm by 1048 GMT.

The day-ahead contract was down 3.33 pence at 34.25 p/therm.

UK gas system was 25.1 million cubic...

Prompt British wholesale gas prices fell sharply on Wednesday morning, with the UK gas system oversupplied and rising temperatures expected to reduce demand.

The within-day contract was down 2.90 pence at 34.00 p/therm by 1048 GMT.

The day-ahead contract was down 3.33 pence at 34.25 p/therm.

UK gas system was 25.1 million cubic...

Metals and Minerals

05.12.2019

Altynalmas buys 54.24% stake in Kazakhaltyn

Gold mining company Altynalmas acquired a 54.2417% stake in Mining and Metallurgical Concern Kazakhaltyn, this is stated in a message posted on the Kazakhstan Stock Exchange website. AK Altinalmas (Almaty), whose shares are on the official list of the Kazakhstan Stock Exchange (KASE), informed KASE that since November 29, 2019...

Gold mining company Altynalmas acquired a 54.2417% stake in Mining and Metallurgical Concern Kazakhaltyn, this is stated in a message posted on the Kazakhstan Stock Exchange website. AK Altinalmas (Almaty), whose shares are on the official list of the Kazakhstan Stock Exchange (KASE), informed KASE that since November 29, 2019...

05.12.2019

Bullion maintains gains while palladium jumps on supply concerns

Gold steadied on Wednesday, hovering near a one-month high as investors awaited clarity on U.S.-China trade talks, while palladium soared to a record high on scarce supply.

Spot gold was little changed at $1,477.65 an ounce at 1250 GMT, having touched its highest since Nov. 7 at $1,484, while U.S. gold...

Gold steadied on Wednesday, hovering near a one-month high as investors awaited clarity on U.S.-China trade talks, while palladium soared to a record high on scarce supply.

Spot gold was little changed at $1,477.65 an ounce at 1250 GMT, having touched its highest since Nov. 7 at $1,484, while U.S. gold...

05.12.2019

Trumping up, Trumping down: fixed on politics, base metals market watchers express dim views on markets

Copper rose on Wednesday on reports of progress towards a phase one deal in U.S.-China trade negotiations but expectations that a near-term agreement will not be struck quickly kept a lid on gains.

Bloomberg reported that the United States and China were moving closer to agreeing on the amount of tariffs...

Copper rose on Wednesday on reports of progress towards a phase one deal in U.S.-China trade negotiations but expectations that a near-term agreement will not be struck quickly kept a lid on gains.

Bloomberg reported that the United States and China were moving closer to agreeing on the amount of tariffs...

05.12.2019

Voting Results from Extraordinary General Meeting of Shareholders

National Atomic Company Kazatomprom JSC (hereinafter referred to as the Company or NAC Kazatomprom JSC) has announced today the results of the absentee voting on each key issue of the agenda of the extraordinary General Meeting of Shareholders (EGM), summed up on December 4, 2019 at 12:00 local time (GMT+6). At the time of the EGM, the total number of outstanding shares was 259,356,608. According to the list of shareholders compiled by the Central Securities Depository JSC, the total number of voting shares as of October 18, 2019 was 228,003,891. The shareholders and their authorized representatives holding a total of 225,688,310 ordinary shares, which is 98.98% of the Company’s total number of voting shares, took part in the voting. Shareholders voted and made decisions on each key issue included in the EGM agenda.
Decisions For % Against % Abstained %
Approval of the agenda of the extraordinary General Meeting of Shareholders of NAC Kazatomprom JSC 225,688 310 100% zero - zero -
Appointment of the audit company to conduct an audit of NAC Kazatomprom JSC. 225,688 310 100% zero - zero -
Appointment of the audit company to conduct an audit of NAC Kazatomprom JSC  Following the results of the corporate procedures for appointment of the external auditor for the Company, the shareholders decided to approve PricewaterhouseCoopers LLP (PwC) as an audit company to audit the consolidated and separate financial statements of NAC Kazatomprom JSC for 2020, 2021 and 2022 according to the International Financial Reporting Standards. Peported by the press service of Kazatomprom.

National Atomic Company Kazatomprom JSC (hereinafter referred to as the Company or NAC Kazatomprom JSC) has announced today the results of the absentee voting on each key issue of the agenda of the extraordinary General Meeting of Shareholders (EGM), summed up on December 4, 2019 at 12:00 local time (GMT+6).

At the time of the EGM, the total number of outstanding shares was 259,356,608. According to the list of shareholders compiled by the Central Securities Depository JSC, the total number of voting shares as of October 18, 2019 was 228,003,891. The shareholders and their authorized representatives holding a total of 225,688,310 ordinary shares, which is 98.98% of the Company’s total number of voting shares, took part in the voting. Shareholders voted and made decisions on each key issue included in the EGM agenda.

Decisions For % Against % Abstained %
Approval of the agenda of the extraordinary General Meeting of Shareholders of NAC Kazatomprom JSC 225,688 310 100% zero - zero -
Appointment of the audit company to conduct an audit of NAC Kazatomprom JSC. 225,688 310 100% zero - zero -

Appointment of the audit company to conduct an audit of NAC Kazatomprom JSC 

Following the results of the corporate procedures for appointment of the external auditor for the Company, the shareholders decided to approve PricewaterhouseCoopers LLP (PwC) as an audit company to audit the consolidated and separate financial statements of NAC Kazatomprom JSC for 2020, 2021 and 2022 according to the International Financial Reporting Standards.

Peported by the press service of Kazatomprom.

Manufacturing industry

05.12.2019

Dutch Riwal adds Kazakhstan to its JLG territory

JLG has appointed Riwal as its distributor for Kazakhstan. As such it will be responsible for all sales, marketing, training and after sales service for the full range of JLG aerial work platforms to customers such as rental companies and contractors in the construction, oil & gas, manufacturing and logistics...

JLG has appointed Riwal as its distributor for Kazakhstan. As such it will be responsible for all sales, marketing, training and after sales service for the full range of JLG aerial work platforms to customers such as rental companies and contractors in the construction, oil & gas, manufacturing and logistics...

Trade and Consumer Goods

05.12.2019

Production of confectionery goods made of chocolate and sugar drops 6%

The production of chocolate and confectionery from it and sugar in January-October 2019 amounted to 81.2 thousand tonnes - 6.3% less than the same period last year. The decline in production is observed for the second year in a row: in January – October 2018, the volume decreased immediately by...

The production of chocolate and confectionery from it and sugar in January-October 2019 amounted to 81.2 thousand tonnes - 6.3% less than the same period last year. The decline in production is observed for the second year in a row: in January – October 2018, the volume decreased immediately by...

05.12.2019

Inflation in Kazakhstan in November amounted to 0.7%

Prices for food products in January-November of this year increased by 8.4%, non-food - by 4.3%, and for paid services - by 0.4%, the Statistical Committee of the Ministry of Economy and Trade said on Tuesday, December 3.

From the beginning of this year (November 2019 to December 2018), price increases...

Prices for food products in January-November of this year increased by 8.4%, non-food - by 4.3%, and for paid services - by 0.4%, the Statistical Committee of the Ministry of Economy and Trade said on Tuesday, December 3.

From the beginning of this year (November 2019 to December 2018), price increases...

Agriculture

05.12.2019

Kazakhstan imports wheat, oats and mustard from Tatarstan

Tatarstan since the beginning of the year exported more than 170 thousand tonnes of grain products. According to the correspondent, referring to the data of the regional Office of Rosselkhoznadzor, including sent fourteen thousand tonnes of grain, legumes, oilseeds and industrial crops, and more than 156 thousand tonnes of processed...

Tatarstan since the beginning of the year exported more than 170 thousand tonnes of grain products. According to the correspondent, referring to the data of the regional Office of Rosselkhoznadzor, including sent fourteen thousand tonnes of grain, legumes, oilseeds and industrial crops, and more than 156 thousand tonnes of processed...

05.12.2019

On the Kazakhstani counters 49% of imported chicken

Kazakhstan currently has import dependence on six types of products - it is poultry, sausages, cheeses and cottage cheese, apples, sugar and fish.

According to the head of the Ministry of Agriculture, Saparkhan Omarov, at the Government meeting, import dependence today totals $505 million.

In particular, the country imports 191.6 thousand tonnes...

Kazakhstan currently has import dependence on six types of products - it is poultry, sausages, cheeses and cottage cheese, apples, sugar and fish.

According to the head of the Ministry of Agriculture, Saparkhan Omarov, at the Government meeting, import dependence today totals $505 million.

In particular, the country imports 191.6 thousand tonnes...

05.12.2019

Kazakhstan implements 113 agro investment projects worth 4.4 trillion tenge

At a government session chaired by Prime Minister Askar Mamin, Minister of Agriculture Saparkhan Omarov reported on new approaches to state support for the agro-industrial complex. As Omarov noted, at present there are a number of problems in the sector that hinder the development of the agricultural sector of Kazakhstan....

At a government session chaired by Prime Minister Askar Mamin, Minister of Agriculture Saparkhan Omarov reported on new approaches to state support for the agro-industrial complex. As Omarov noted, at present there are a number of problems in the sector that hinder the development of the agricultural sector of Kazakhstan....

05.12.2019

Rising demand pulls Russia’s wheat benchmark price up

For the third consecutive week, Russian wheat prices, which represent a benchmark for wheat from Kazakhstan, recorded a rise last week, driven by higher demand from exporters and domestic processors, which offset rising supply from farmers.

Some 12.5% Russian wheat prices for December delivery were up $0.50 to $208.5 per ton...

For the third consecutive week, Russian wheat prices, which represent a benchmark for wheat from Kazakhstan, recorded a rise last week, driven by higher demand from exporters and domestic processors, which offset rising supply from farmers.

Some 12.5% Russian wheat prices for December delivery were up $0.50 to $208.5 per ton...

05.12.2019

Wheat contract recovers from earlier setback as soybeans’ impact on markets remains overestimated

Chicago soybean futures edged higher on Wednesday as investors took a more hopeful view on chances for a U.S.-Chinese trade agreement, while wheat also firmed after a two-day slide. Corn was little changed as traders continued to monitor weather-delayed U.S. harvesting. Broadly favourable crop conditions in South America were continuing...

Chicago soybean futures edged higher on Wednesday as investors took a more hopeful view on chances for a U.S.-Chinese trade agreement, while wheat also firmed after a two-day slide. Corn was little changed as traders continued to monitor weather-delayed U.S. harvesting. Broadly favourable crop conditions in South America were continuing...

Communications and Transportation

05.12.2019

LOT Polish Airlines will increase the number of flights from Warsaw to Nur Sultan

LOT Polish Airlines will increase the number of flights from Warsaw to Nur Sultan from 4 to 7 flights a week from the summer season of 2020. In 2020, LOT Polish Airlines will open a regular flight to Almaty. The plans of the Polish airline also flights to Shymkent.

“Under the“...

LOT Polish Airlines will increase the number of flights from Warsaw to Nur Sultan from 4 to 7 flights a week from the summer season of 2020. In 2020, LOT Polish Airlines will open a regular flight to Almaty. The plans of the Polish airline also flights to Shymkent.

“Under the“...

05.12.2019

Finnair to open Helsinki-Almaty air link

Within the framework of the 12th event on negotiations on air communications (ICAN 2019), held under the auspices of the International Civil Aviation Organization (ICAO), the Kazakh delegation held talks with the Finnish aviation authorities, Kazpravda.kz reports with reference to the press service of the MIID of the Republic of...

Within the framework of the 12th event on negotiations on air communications (ICAN 2019), held under the auspices of the International Civil Aviation Organization (ICAO), the Kazakh delegation held talks with the Finnish aviation authorities, Kazpravda.kz reports with reference to the press service of the MIID of the Republic of...

05.12.2019

Air Astana completes first C-check on Airbus A320neo at Almaty Airport base

Air Astana completed its first independent C-check, at its base at Almaty Airport in November 2019. An Airbus A320neo aircraft, registration P4-KBH was selected for this C-check. Air Astana received certification from the European Aviation Safety Agency (EASA) in October to perform this advanced level of maintenance. The certificate allows...

Air Astana completed its first independent C-check, at its base at Almaty Airport in November 2019. An Airbus A320neo aircraft, registration P4-KBH was selected for this C-check. Air Astana received certification from the European Aviation Safety Agency (EASA) in October to perform this advanced level of maintenance. The certificate allows...

Regional News

05.12.2019

Russia’s service sector suffers minor setback

Russia’s services sector declined slightly in November from a one-year high reached a month earlier but remained strong overall this year, supported by a rise in new orders, IHS Markit‘s purchasing managers index (PMI) showed on Wednesday.

The indicator fell to 55.6 in November, from 55.8 in...

Russia’s services sector declined slightly in November from a one-year high reached a month earlier but remained strong overall this year, supported by a rise in new orders, IHS Markit‘s purchasing managers index (PMI) showed on Wednesday.

The indicator fell to 55.6 in November, from 55.8 in October, but remained well above the 50 mark that...

05.12.2019

Russia posts reduced cereals, increased livestock produce sales

In January-October of 2019, all types of agricultural organizations of the Russian Federation reduced the selling volumes of grain crops by 11.5% in comparison with the figures in the same period last year — to 48.1 mln tonnes, reported the Federal State Statistics Service (Rosstat) on December 3.

In particular, in...

In January-October of 2019, all types of agricultural organizations of the Russian Federation reduced the selling volumes of grain crops by 11.5% in comparison with the figures in the same period last year — to 48.1 mln tonnes, reported the Federal State Statistics Service (Rosstat) on December 3.

In particular, in...

05.12.2019

Central Bank’s supportive measures push Russian stocks, currency upwards

The Russian rouble strengthened on Wednesday after the finance ministry announced lower than forecast daily purchases of foreign currency for the month ahead.

The finance ministry said it would buy 9.3 billion roubles ($146 million) worth of foreign currency between Dec. 6 and Jan. 14, down from 11.4 billion roubles the...

The Russian rouble strengthened on Wednesday after the finance ministry announced lower than forecast daily purchases of foreign currency for the month ahead.

The finance ministry said it would buy 9.3 billion roubles ($146 million) worth of foreign currency between Dec. 6 and Jan. 14, down from 11.4 billion roubles the...

05.12.2019

China’s stocks, yuan Trumped down as inconsistency sets the mood

Shanghai stocks ended lower on Wednesday, as hopes of a quick initial trade deal were dented following U.S. President Donald Trump’s remarks, but a series of recent upbeat data and surveys pointing to pick-ups in the Chinese economy helped check losses.

The blue-chip CSI300 index was unchanged at 3,849.82, while the...

Shanghai stocks ended lower on Wednesday, as hopes of a quick initial trade deal were dented following U.S. President Donald Trump’s remarks, but a series of recent upbeat data and surveys pointing to pick-ups in the Chinese economy helped check losses.

The blue-chip CSI300 index was unchanged at 3,849.82, while the...

05.12.2019

Investment access eased for Chinese bank's wealth units

The latest regulation on net capital management of commercial banks' wealth management subsidiaries encourages the subsidiaries to invest in standard and high-grade assets, operate in a prudent manner, and avoid expanding business blindly, analysts said.

The China Banking and Insurance Regulatory Commission has fixed the net capital threshold for commercial lenders'...

The latest regulation on net capital management of commercial banks' wealth management subsidiaries encourages the subsidiaries to invest in standard and high-grade assets, operate in a prudent manner, and avoid expanding business blindly, analysts said.

The China Banking and Insurance Regulatory Commission has fixed the net capital threshold for commercial lenders'...

Prices and Statistics

05.12.2019

Commodities

Date: December 05, 2019; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 58.20 -0.23 -0.39% Jan 2020 12:25 AM
CO1:COMBrent Crude (ICE) USD/bbl. 62.88 -0.12 -0.19% Feb 2020 12:25 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 160.48 +0.06 +0.04% Jan 2020 12:24 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.43 +0.03 +1.29% Jan 2020 12:25 AM
HO1:COMHeating Oil (Nymex) USd/gal. 192.30 +0.01 +0.01% Jan 2020 12:22 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
GC1:COMGold (Comex) USD/t oz. 1,482.30 +2.10 +0.14% Feb 2020 12:25 AM
XAUUSD:CURGold Spot USD/t oz. 1,478.08 +3.49 +0.24% N/A 12:34 AM
SI1:COMSilver (Comex) USD/t oz. 16.95 +0.04 +0.23% Mar 2020 12:24 AM
HG1:COMCopper (Comex) USd/lb. 265.45 -0.45 -0.17% Mar 2020 12:24 AM
XPTUSD:CURPlatinum Spot USD/t oz. 900.84 +5.22 +0.58% N/A 12:34 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
C 1:COMCorn (CBOT) USd/bu. 379.25 +0.75 +0.20% Mar 2020 12:24 AM
W 1:COMWheat (CBOT) USd/bu. 529.75 +2.25 +0.43% Mar 2020 12:20 AM
CC1:COMCocoa (ICE) USD/MT 2,547.00 -18.00 -0.70% Mar 2020 12/4/2019
CT1:COMCotton #2 (ICE) USd/lb. 64.68 -0.02 -0.03% Mar 2020 12/4/2019
LC1:COMLive Cattle (CME) USd/lb. 124.18 -1.47 -1.17% Feb 2020 12/4/2019

Date: December 05, 2019; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 58.20 -0.23 -0.39% Jan 2020 12:25 AM
CO1:COMBrent Crude (ICE) USD/bbl. 62.88 -0.12 -0.19% Feb 2020 12:25 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 160.48 +0.06 +0.04% Jan 2020 12:24 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.43 +0.03 +1.29% Jan 2020 12:25 AM
HO1:COMHeating Oil (Nymex) USd/gal. 192.30 +0.01 +0.01% Jan 2020 12:22 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
GC1:COMGold (Comex) USD/t oz. 1,482.30 +2.10 +0.14% Feb 2020 12:25 AM
XAUUSD:CURGold Spot USD/t oz. 1,478.08 +3.49 +0.24% N/A 12:34 AM
SI1:COMSilver (Comex) USD/t oz. 16.95 +0.04 +0.23% Mar 2020 12:24 AM
HG1:COMCopper (Comex) USd/lb. 265.45 -0.45 -0.17% Mar 2020 12:24 AM
XPTUSD:CURPlatinum Spot USD/t oz. 900.84 +5.22 +0.58% N/A 12:34 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST)
C 1:COMCorn (CBOT) USd/bu. 379.25 +0.75 +0.20% Mar 2020 12:24 AM
W 1:COMWheat (CBOT) USd/bu. 529.75 +2.25 +0.43% Mar 2020 12:20 AM
CC1:COMCocoa (ICE) USD/MT 2,547.00 -18.00 -0.70% Mar 2020 12/4/2019
CT1:COMCotton #2 (ICE) USd/lb. 64.68 -0.02 -0.03% Mar 2020 12/4/2019
LC1:COMLive Cattle (CME) USd/lb. 124.18 -1.47 -1.17% Feb 2020 12/4/2019
05.12.2019

Exchange Rates

Date: December 05, 2019; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 387.48
1 EURO EUR / KZT 428.98
1 RUSSIAN ROUBLE RUB / KZT 6.05
1 CHINESE YUAN CNY / KZT 54.93
1 KYRGYZIAN SOM KGS / KZT 5.55
1 GREAT BRITAIN POUND GBP / KZT 505.78
1 CANADIAN DOLLAR CAD / KZT 291.8
1 AUSTRALIAN DOLLAR AUD / KZT 264.57

Date: December 05, 2019; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

387.48

1 EURO

EUR / KZT

428.98

1 RUSSIAN ROUBLE

RUB / KZT

6.05

1 CHINESE YUAN

CNY / KZT

54.93

1 KYRGYZIAN SOM

KGS / KZT

5.55

1 GREAT BRITAIN POUND

GBP / KZT

505.78

1 CANADIAN DOLLAR

CAD / KZT

291.8

1 AUSTRALIAN DOLLAR

AUD / KZT

264.57