Issue 3669 - 26.02.2021
26.02.2021

President of Kazakhstan: We need further economic and political reforms

We need further economic and political reforms, transformations in the spheres of education, healthcare, digitalization, protection of human rights, and the environment. The President of Kazakhstan Kassym-Jomart Tokayev wrote about this on his official Twitter page.

"At the 5th meeting of the NCPT, I proposed a number of specific measures and initiatives aimed at modernizing the country. We need further economic and political reforms, transformations in the spheres of education, healthcare, digitalization, protection of human rights, and the environment," the President of Kazakhstan twitted.

"Special attention should be paid to children with special educational needs and persons with disabilities. It is necessary to constantly improve the work on formation of an inclusive public environment, updating the relevant standards and regulations," Kassym-Jomart Tokayev explained.

The Head of State also mentioned that a phased implementation of the National Indicators for assessing the observance of human rights will begin in Kazakhstan.

"In Kazakhstan, a phased implementation of the National Indicators for assessing the observance of human rights will begin, which will be compiled on the basis of 14 global indicators developed by the Office of the UN High Commissioner for Human Rights," the President of Kazakhstan added.

The issue of elections of district akims, which should take place in 2024, was also raised.

"Direct elections of district akims are to be held in 2024. I believe that this initiative will make a significant contribution to the democratization of our country and strengthening of the institution of local government," the Head of State said.

The Head of State also instructed to legally prohibit the sale, lease of agricultural land to foreigners and foreign legal entities.

"The land is a solid foundation and a sacred symbol of our statehood. Therefore, I instructed to legally prohibit the sale, lease of agricultural land to foreigners and foreign legal entities," concluded Kassym-Jomart Tokayev.

Recall today the fifth meeting of the National Council of Public Trust was held under the chairmanship of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev.

By Kazakhstanskaya Pravda

Kazakhstan General

26.02.2021

The fifth online meeting of the National Council of Public Trust started in the capital

The meeting is chaired by President Kassym-Jomart Tokayev. During the online event, it is expected to discuss topical issues of the country's development, implementation of the previously announced proposals.

A number of new initiatives will also be put forward.Earlier, new members of the public and the expert community were included in...

The meeting is chaired by President Kassym-Jomart Tokayev. During the online event, it is expected to discuss topical issues of the country's development, implementation of the previously announced proposals.

A number of new initiatives will also be put forward.Earlier, new members of the public and the expert community were included in...

26.02.2021

Kazakh President demands national indicators for assessing observance of human rights

At the fifth meeting of the National Council of Public Trust, President of the Republic of Kazakhstan Kassym-Jomart Tokayev proposed to start a phased introduction of national indicators for assessing human rights observance.

"Advanced international standards should apply to the entire sphere of human rights protection in our country. Indicators of...

At the fifth meeting of the National Council of Public Trust, President of the Republic of Kazakhstan Kassym-Jomart Tokayev proposed to start a phased introduction of national indicators for assessing human rights observance.

"Advanced international standards should apply to the entire sphere of human rights protection in our country. Indicators of...

26.02.2021

7 out of 18 ministers of Kazakhstan do not speak English

Today there are 18 ministries in Kazakhstan. In January of this year, the head of state, Kassym-Zhomart Tokayev, signed a decree on the composition of the government of Kazakhstan. According to the document, almost all members of the government have retained their posts.

The analytical company Ranking.kz conducted a study, within...

Today there are 18 ministries in Kazakhstan. In January of this year, the head of state, Kassym-Zhomart Tokayev, signed a decree on the composition of the government of Kazakhstan. According to the document, almost all members of the government have retained their posts.

The analytical company Ranking.kz conducted a study, within...

26.02.2021

Kazakhstan's youth may be unemployed

After the replicated news about the birth rate boom, many Kaznet users wrote about a successful 2020 for Kazakhstan. Almost half a million babies were born in the country in a year, at 425,625.

However, this figure of half a million new Kazakhstanis has another meaning, which Kazakh political scientist Marat...

After the replicated news about the birth rate boom, many Kaznet users wrote about a successful 2020 for Kazakhstan. Almost half a million babies were born in the country in a year, at 425,625.

However, this figure of half a million new Kazakhstanis has another meaning, which Kazakh political scientist Marat...

26.02.2021

Severe frost expected in Kazakhstan

According to weather forecasters, on the night of February 26-27 in the North Kazakhstan region, a severe frost of 40 degrees is expected in some places.

Fog is expected in some places in Zhambyl region on February 26-28, a blizzard at night on February 26. On the night of February 26,...

According to weather forecasters, on the night of February 26-27 in the North Kazakhstan region, a severe frost of 40 degrees is expected in some places.

Fog is expected in some places in Zhambyl region on February 26-28, a blizzard at night on February 26. On the night of February 26,...

26.02.2021

Number of fresh COVID-19 cases up in Kazakhstan

In the past 24 hours Kazakhstan has added 855 new cases of the coronavirus infection, up 60 from the previous day. According to the updated statistics, the Kazakh capital, Nur-Sultan reported the highest number of fresh infections with 135. Almaty city which was the leader in terms of number of...

In the past 24 hours Kazakhstan has added 855 new cases of the coronavirus infection, up 60 from the previous day. According to the updated statistics, the Kazakh capital, Nur-Sultan reported the highest number of fresh infections with 135. Almaty city which was the leader in terms of number of...

26.02.2021

Kazakhstani companies target Uzbekistan after excise abolition

Kazakhstani companies have targeted Uzbekistan after excise taxes on many commodity items were abolished on January 1.

From January 1, 2021, excise tax was cancelled on 73 commodity items, including electrical, food products, carpets and others. Norma's experts then calculated how prices would change.

For example, the Shymkent carpet factory for the...

Kazakhstani companies have targeted Uzbekistan after excise taxes on many commodity items were abolished on January 1.

From January 1, 2021, excise tax was cancelled on 73 commodity items, including electrical, food products, carpets and others. Norma's experts then calculated how prices would change.

For example, the Shymkent carpet factory for the...

26.02.2021

Kazakhstan continues improving conditions for concessions and public-private partnerships

On January 2, 2021, Kazakhstan introduced amendments to various laws including the Concession Law and PPP Law.

The Amendments aim to clarify and improve a number of provisions of the Concession Law and PPP Law. Although we find these improvements generally positive, there remain open issues, that have long been debated...

On January 2, 2021, Kazakhstan introduced amendments to various laws including the Concession Law and PPP Law.

The Amendments aim to clarify and improve a number of provisions of the Concession Law and PPP Law. Although we find these improvements generally positive, there remain open issues, that have long been debated...

26.02.2021

Elbasy meets with Nur Otan Party First Deputy Chairman

The chairman of the Nur Otan party, Nursultan Nazarbayev, received Bauyrzhan Baybek.During the meeting, they discussed issues of further implementation of the pre-election program "Way of changes: A decent life for everyone!", as well as the party's work plan in the inter-electoral period.The First President of Kazakhstan emphasized the importance...

The chairman of the Nur Otan party, Nursultan Nazarbayev, received Bauyrzhan Baybek.During the meeting, they discussed issues of further implementation of the pre-election program "Way of changes: A decent life for everyone!", as well as the party's work plan in the inter-electoral period.The First President of Kazakhstan emphasized the importance...

Finance and Investment

26.02.2021

Kazakhstan wants to change requirements for commodity exchanges

The Ministry of Trade and Integration has developed amendments to the legislation on exchange trading. The volume of exchange trade in Kazakhstan has been declining for 2 years in a row. In 2020, the Bureau of National Statistics recorded transactions on 13 exchanges, their total turnover amounted to 1.4 trillion...

The Ministry of Trade and Integration has developed amendments to the legislation on exchange trading. The volume of exchange trade in Kazakhstan has been declining for 2 years in a row. In 2020, the Bureau of National Statistics recorded transactions on 13 exchanges, their total turnover amounted to 1.4 trillion...

26.02.2021

Number of active small companies in Kazakhstan decreases

In 2020, the coronavirus pandemic has had a strong negative impact on the economy of the country and the world. The corporate sector and directly SMEs suffered the most. The negative consequences led to a reduction in economic activity in the country. In January 2021, the business activity index fell...

In 2020, the coronavirus pandemic has had a strong negative impact on the economy of the country and the world. The corporate sector and directly SMEs suffered the most. The negative consequences led to a reduction in economic activity in the country. In January 2021, the business activity index fell...

26.02.2021

Structure of Kazakhstan's GDP subject to change

According to the Bureau of National Statistics, in 2020 Kazakhstan's GDP amounted to 70.1 trillion tenge. In the general structure, 38.5% fell on the production of goods, and 55.7% on services.

The share of production compared to 2010 decreased by 6.6 percentage points, and compared to 2015 increased by 3 percentage...

According to the Bureau of National Statistics, in 2020 Kazakhstan's GDP amounted to 70.1 trillion tenge. In the general structure, 38.5% fell on the production of goods, and 55.7% on services.

The share of production compared to 2010 decreased by 6.6 percentage points, and compared to 2015 increased by 3 percentage...

26.02.2021

National Bank invests pension money of Kazakhstanis in January

In January 2021, more than 127 billion tenge of pension assets were invested in US government securities. According to the fund, as of February 1, 2021, pension assets held in trust by the National Bank amounted to 13.1 trillion tenge.

Last month, part of the government securities of the Ministry of...

In January 2021, more than 127 billion tenge of pension assets were invested in US government securities. According to the fund, as of February 1, 2021, pension assets held in trust by the National Bank amounted to 13.1 trillion tenge.

Last month, part of the government securities of the Ministry of...

26.02.2021

Kazakhstan plans to punish traders who do not issue checks

There is a moratorium on business inspections in Kazakhstan, but the inspection authorities do not like the fact that entrepreneurs use this to avoid taxes. The State Revenue Committee told what they plan to do in this direction.

The committee said that the Ministry of Finance is going to amend the...

There is a moratorium on business inspections in Kazakhstan, but the inspection authorities do not like the fact that entrepreneurs use this to avoid taxes. The State Revenue Committee told what they plan to do in this direction.

The committee said that the Ministry of Finance is going to amend the...

26.02.2021

AsiaCredit Bank's depositors receive more than 7 billion tenge

As of February 25, 2021, the Kazakhstan Deposit Insurance Fund paid out about 7.06 billion tenge to the depositors of AsiaCredit Bank through the agent bank, which is 37% of the total liabilities to the bank's depositors. This was reported in the press service of the fund.

The payment of guarantee...

As of February 25, 2021, the Kazakhstan Deposit Insurance Fund paid out about 7.06 billion tenge to the depositors of AsiaCredit Bank through the agent bank, which is 37% of the total liabilities to the bank's depositors. This was reported in the press service of the fund.

The payment of guarantee...

26.02.2021

Atameken National Chamber proposes to postpone introduction of the accompanying invoices for goods

The Atameken National Chamber believes that the deadlines for the introduction of accompanying invoices for goods (SNT) should be postponed to 2022, with reference to the press service of the board.

The NPP explained that they had previously pointed out the premature introduction of accompanying invoices due to the growth of...

The Atameken National Chamber believes that the deadlines for the introduction of accompanying invoices for goods (SNT) should be postponed to 2022, with reference to the press service of the board.

The NPP explained that they had previously pointed out the premature introduction of accompanying invoices due to the growth of...

26.02.2021

Kazakhstan Stock Exchange index on Thursday increases by 0.32% to 2,964.2

As a result of trades in shares on the Kazakhstan Stock Exchange on Thursday, the value of the KASE index increased by 0.32% from 2,973.63 to 2,964.2.

The volume of deals in shares included in the KASE index representative list decreased relative to the previous trading day by 2.3 times and...

As a result of trades in shares on the Kazakhstan Stock Exchange on Thursday, the value of the KASE index increased by 0.32% from 2,973.63 to 2,964.2.

The volume of deals in shares included in the KASE index representative list decreased relative to the previous trading day by 2.3 times and...

26.02.2021

US dollar settles at 414.8 tenge

The weighted average dollar rate on the Kazakhstan Stock Exchange on February 25, 2021 at 17:00 was KZT414.81. According to KASE information, the minimum rate at the trades was at the level of 414.10 tenge per US dollar, the maximum 415.20 tenge, the closing rate 415 tenge.

The volume of trades...

The weighted average dollar rate on the Kazakhstan Stock Exchange on February 25, 2021 at 17:00 was KZT414.81. According to KASE information, the minimum rate at the trades was at the level of 414.10 tenge per US dollar, the maximum 415.20 tenge, the closing rate 415 tenge.

The volume of trades...

26.02.2021

Greenback extends depreciation as Pacific rivals, euro gain

The dollar index fell to a seven-week low on Thursday, the Australian dollar hit a three-year high and safe havens weakened as global growth optimism sent government debt yields surging worldwide.

Easy financial conditions, the promise of fiscal stimulus and accelerating COVID-19 vaccine rollouts have boosted expectations that growth and inflation...

The dollar index fell to a seven-week low on Thursday, the Australian dollar hit a three-year high and safe havens weakened as global growth optimism sent government debt yields surging worldwide.

Easy financial conditions, the promise of fiscal stimulus and accelerating COVID-19 vaccine rollouts have boosted expectations that growth and inflation...

26.02.2021

Global equity recovers losses as overall market disorientation persists

World stocks clawed back towards record highs on their third day of gains on Thursday as the dollar dropped to a three-year low, after top Federal Reserve and European Central Bank officials attempted to talk down rising bond market yields.

There was a lot to keep tabs on. A renewed retail...

World stocks clawed back towards record highs on their third day of gains on Thursday as the dollar dropped to a three-year low, after top Federal Reserve and European Central Bank officials attempted to talk down rising bond market yields.

There was a lot to keep tabs on. A renewed retail...

26.02.2021

Kazakhstan discovers new large oil field in the Mangystau region

According to experts, this is the largest reservoir of hydrocarbons found in the region over the 30 years of Kazakhstan's independence. A powerful gusher of oil from the first exploration well T3-1. A new field is located on the Tepke site, which is located on the territory of two districts...

According to experts, this is the largest reservoir of hydrocarbons found in the region over the 30 years of Kazakhstan's independence. A powerful gusher of oil from the first exploration well T3-1. A new field is located on the Tepke site, which is located on the territory of two districts...

26.02.2021

Eurasian Economic Commission and the EAEU Court strengthen cooperation

Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich met with the Chairman of the Court of the Eurasian Economic Union Erna Ayriyan on February 24 at the EEC headquarters.

During the meeting, issues of further cooperation of the bodies of the Eurasian Economic Union to improve the efficiency...

Chairman of the Board of the Eurasian Economic Commission Mikhail Myasnikovich met with the Chairman of the Court of the Eurasian Economic Union Erna Ayriyan on February 24 at the EEC headquarters.

During the meeting, issues of further cooperation of the bodies of the Eurasian Economic Union to improve the efficiency...

26.02.2021

Inflation in Kyrgyzstan at the end of 2020 exceeds the EAEU target

The inflation target in the countries of the Eurasian Economic Union was 8.7% at the end of 2020 and increased by 3% compared to 2019. Inflation in Kyrgyzstan exceeded the target of the EAEU, in connection with which the Eurasian Economic Commission in 2021 will develop recommendations for Kyrgyzstan on...

The inflation target in the countries of the Eurasian Economic Union was 8.7% at the end of 2020 and increased by 3% compared to 2019. Inflation in Kyrgyzstan exceeded the target of the EAEU, in connection with which the Eurasian Economic Commission in 2021 will develop recommendations for Kyrgyzstan on...

Oil and Gas Sector

26.02.2021

Oil gets vaccinated, Kazakhstan obtains relief

In February, the price of European grades of oil, after a year's break, rose above $60 per barrel. Since the beginning of the year, prices have risen by almost 20%. This was facilitated by the expectations of an active recovery of the world economy against the background of vaccination against...

In February, the price of European grades of oil, after a year's break, rose above $60 per barrel. Since the beginning of the year, prices have risen by almost 20%. This was facilitated by the expectations of an active recovery of the world economy against the background of vaccination against...

26.02.2021

CPC crude shipments may increase by 12.5% on year in 2021

The Caspian Pipeline Consortium has received bids for crude deliveries via its network in 2021 totaling 67.5 million mt, CPC General Director Nikolay Gorban told journalists Feb. 25. CPC accounts for the bulk of Kazakhstan’s crude oil exportation outlets.

This is equivalent to around 1.44 million b/d, using a conversion rate...

The Caspian Pipeline Consortium has received bids for crude deliveries via its network in 2021 totaling 67.5 million mt, CPC General Director Nikolay Gorban told journalists Feb. 25. CPC accounts for the bulk of Kazakhstan’s crude oil exportation outlets.

This is equivalent to around 1.44 million b/d, using a conversion rate...

26.02.2021

Royal Dutch Shell outlook expects global LNG demand to almost double by 2040

Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell, which is among Kazakhstan’s leading upstream investor and operators including the Karachaganak gas and gas condensate field, said in its annual LNG market outlook.

Demand was 360 million tonnes last year,...

Global liquefied natural gas (LNG) demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell, which is among Kazakhstan’s leading upstream investor and operators including the Karachaganak gas and gas condensate field, said in its annual LNG market outlook.

Demand was 360 million tonnes last year,...

26.02.2021

Brent holds strong position, US monetary policy pointed at

Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in Texas.

Brent crude for April hit $67.70 a barrel during the session, its highest...

Oil prices remained close to 13-month highs on Thursday, with profit-taking limited by an assurance that U.S. interest rates will stay low and a sharp drop in U.S. crude output last week due to the storm in Texas.

Brent crude for April hit $67.70 a barrel during the session, its highest...

26.02.2021

North Sea region natural gas prices veer up with cold wave looming

Prompt British wholesale gas prices edged higher on Thursday morning, with temperatures set to drop and demand expected to rise from power plants.

The within-day contract was up 0.20 pence at 41.00 p/therm by 1044 GMT.The day-ahead contract was up 0.55 p at 41.55 p/therm.

Traders said power output from the country’s...

Prompt British wholesale gas prices edged higher on Thursday morning, with temperatures set to drop and demand expected to rise from power plants.

The within-day contract was up 0.20 pence at 41.00 p/therm by 1044 GMT.The day-ahead contract was up 0.55 p at 41.55 p/therm.

Traders said power output from the country’s...

Metals and Minerals

26.02.2021

KAZ Minerals sees earnings rise as sales prices cover output reduction

Kazakhstan-/Kyrgyzstan-focused copper and gold miner KAZ Minerals reported on Thursday stronger annual earnings and lower debt, after rising commodity prices helped offset lower production.

The London-listed miner said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between...

Kazakhstan-/Kyrgyzstan-focused copper and gold miner KAZ Minerals reported on Thursday stronger annual earnings and lower debt, after rising commodity prices helped offset lower production.

The London-listed miner said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between...

26.02.2021

KAZ Minerals’ Aktogay expansion on track with first production from second concentrator set for late 2021

In its full year 2020 results announced today, KAZ Minerals says construction works at the Aktogay copper mine expansion project in Kazakhstan were affected by reduced staff availability in the first half of 2020, however, works progressed according to plan in the second half of the year as COVID-19 related...

In its full year 2020 results announced today, KAZ Minerals says construction works at the Aktogay copper mine expansion project in Kazakhstan were affected by reduced staff availability in the first half of 2020, however, works progressed according to plan in the second half of the year as COVID-19 related...

26.02.2021

Bears return to bullion as US state securities post better yields

Gold shed more than 1.5% to a near one-week low on Thursday as a surge in U.S. Treasury yields and better-than-expected economic data out the United States dented demand for the safe-haven metal.

Spot gold was down 1.4% to $1,778.96 per ounce at 10:22 a.m. ET (1522 GMT), after earlier touching...

Gold shed more than 1.5% to a near one-week low on Thursday as a surge in U.S. Treasury yields and better-than-expected economic data out the United States dented demand for the safe-haven metal.

Spot gold was down 1.4% to $1,778.96 per ounce at 10:22 a.m. ET (1522 GMT), after earlier touching...

26.02.2021

Base metals except nickel persist in strong performance

Copper hit new peaks on Thursday, close to its highest in a decade, as investors scrambled to buy metals as a hedge against potential inflation from ongoing central bank stimulus.

Three-month copper on the London Metal Exchange was up 2.2% at $9,513.50 a tonne by 1140 GMT, after hitting its highest...

Copper hit new peaks on Thursday, close to its highest in a decade, as investors scrambled to buy metals as a hedge against potential inflation from ongoing central bank stimulus.

Three-month copper on the London Metal Exchange was up 2.2% at $9,513.50 a tonne by 1140 GMT, after hitting its highest...

Energy Industry

26.02.2021

Kazakh head of state urges to step up shift towards renewable energy resources

At the fifth meeting of the National Council of Public Trust, President of the Republic of Kazakhstan Kassym-Jomart Tokayev ordered to develop a new law on development of alternative energy.

"One of the main competitive advantages of Kazakhstan at the global level has always been rich hydrocarbon resources. Meanwhile, the world...

At the fifth meeting of the National Council of Public Trust, President of the Republic of Kazakhstan Kassym-Jomart Tokayev ordered to develop a new law on development of alternative energy.

"One of the main competitive advantages of Kazakhstan at the global level has always been rich hydrocarbon resources. Meanwhile, the world...

26.02.2021

Masdar signs strategic agreement with Samruk-Kazyna to explore renewable energy opportunities in Kazakhstan

Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and Samruk-Kazyna, the sovereign wealth fund of the Republic of Kazakhstan, announced today that they have signed a strategic agreement to explore renewable energy opportunities in Kazakhstan and support the country’s clean-energy objectives.

The two...

Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala Investment Company, and Samruk-Kazyna, the sovereign wealth fund of the Republic of Kazakhstan, announced today that they have signed a strategic agreement to explore renewable energy opportunities in Kazakhstan and support the country’s clean-energy objectives.

The two...

Manufacturing industry

26.02.2021

Kazakhstan implements construction projects worth almost 170 billion tenge

In 2020, 24 production facilities in the construction industry were opened in Kazakhstan for 124 billion tenge. This was reported by the Ministry of Industry and Infrastructure Development. In general, Kazakhstan is implementing 33 projects worth 167.7 billion tenge in the construction industry. Currently, 24 production facilities have been launched...

In 2020, 24 production facilities in the construction industry were opened in Kazakhstan for 124 billion tenge. This was reported by the Ministry of Industry and Infrastructure Development. In general, Kazakhstan is implementing 33 projects worth 167.7 billion tenge in the construction industry. Currently, 24 production facilities have been launched...

Trade and Consumer Goods

26.02.2021

Russia floods Kazakhstan with food, cars and gold

In 2020, Russia supplied goods to Kazakhstan for $13.3 billion, which is more than 7% less than a year earlier.

Russia has increased supplies of dairy products, sugar, gold, oil products, bodies, refrigeration equipment, TV, medicines, fertilisers, etc.

Imports of products made of ferrous metals and plastics, natural gas, tires, agricultural machinery...

In 2020, Russia supplied goods to Kazakhstan for $13.3 billion, which is more than 7% less than a year earlier.

Russia has increased supplies of dairy products, sugar, gold, oil products, bodies, refrigeration equipment, TV, medicines, fertilisers, etc.

Imports of products made of ferrous metals and plastics, natural gas, tires, agricultural machinery...

Agriculture

26.02.2021

Fishery industry of Kazakhstan starts the year with a success: production of fresh and frozen fish grows 4 times

In January 2021, Kazakhstani companies produced 7.2 thousand tonnes of fresh, chilled or frozen fish, which is 4.2 times more than a year earlier. The production of canned and prepared in other ways fish, as well as caviar reached 3.6 thousand tonnes, having increased 5.5 times on-year.

In value terms, processing...

In January 2021, Kazakhstani companies produced 7.2 thousand tonnes of fresh, chilled or frozen fish, which is 4.2 times more than a year earlier. The production of canned and prepared in other ways fish, as well as caviar reached 3.6 thousand tonnes, having increased 5.5 times on-year.

In value terms, processing...

26.02.2021

Kazakhstan legally prohibits lease and sale of agricultural land to foreigners

President Tokayev instructed to legally prohibit the sale of agricultural land to foreigners. During a meeting of the National Council of Public Trust, he explained that the land issue is important for Kazakhstanis.

"This is a solid foundation and a sacred symbol of our statehood. I have said more than once...

President Tokayev instructed to legally prohibit the sale of agricultural land to foreigners. During a meeting of the National Council of Public Trust, he explained that the land issue is important for Kazakhstanis.

"This is a solid foundation and a sacred symbol of our statehood. I have said more than once...

26.02.2021

Pig farm for millions of euro appears in the Almaty region of Kazakhstan

Another project in the agro-industrial complex can be implemented in the Almaty region. Investments can reach up to 30 million euro, according to the regional administration.

The region plans to build a selection-hybrid livestock complex based on Swiss technologies with a livestock of 50 thousand pigs per year. It is noted...

Another project in the agro-industrial complex can be implemented in the Almaty region. Investments can reach up to 30 million euro, according to the regional administration.

The region plans to build a selection-hybrid livestock complex based on Swiss technologies with a livestock of 50 thousand pigs per year. It is noted...

26.02.2021

Kazakhstan’s agro sector posts positive signs

Kazakhstan is experiencing a positive growth trend in the agricultural industry. Based on the preliminary results of 2020, the gross agricultural production increased by 5.6 percent and reached 6.3 trillion tenge (US$15 billion). The growth is mostly due to an increase in crop production of about 7.8 percent. 

The gross livestock...

Kazakhstan is experiencing a positive growth trend in the agricultural industry. Based on the preliminary results of 2020, the gross agricultural production increased by 5.6 percent and reached 6.3 trillion tenge (US$15 billion). The growth is mostly due to an increase in crop production of about 7.8 percent. 

The gross livestock...

26.02.2021

US grain futures retreat as crystal ball gazers get it wrong again

Chicago soybeans rose on Thursday to a new 6-1/2 year high as rain delays to Brazil's harvest kept the focus on supply tensions in oilseeds and fuelled fund buying. Corn edged down after a three-day increase as the market assessed the risks of Brazil's slow-moving soybean harvest holding up corn...

Chicago soybeans rose on Thursday to a new 6-1/2 year high as rain delays to Brazil's harvest kept the focus on supply tensions in oilseeds and fuelled fund buying. Corn edged down after a three-day increase as the market assessed the risks of Brazil's slow-moving soybean harvest holding up corn...

Communications and Transportation

26.02.2021

Kazakhstan restores international air links

Kazakhstan’s commission on the fight against coronavirus allowed for an increase in the number of international flights, reported the Kazakh Civil Aviation Committee. 

Starting Feb. 24, there will be more flights from Kazakhstan to Kyrgyzstan, Ukraine, and Uzbekistan. 

Almaty-Tashkent-Almaty flights will be increased from four to eight per week and operated by...

Kazakhstan’s commission on the fight against coronavirus allowed for an increase in the number of international flights, reported the Kazakh Civil Aviation Committee. 

Starting Feb. 24, there will be more flights from Kazakhstan to Kyrgyzstan, Ukraine, and Uzbekistan. 

Almaty-Tashkent-Almaty flights will be increased from four to eight per week and operated by...

26.02.2021

Roads closed in 11 regions of Kazakhstan

Due to unfavorable weather conditions, roads are closed in 10 out of 14 regions of Kazakhstan, according to the press service of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan.

Thus, in the Akmola region, the following roads are closed: -

Yekaterinburg - Almaty, section from Nur-Sultan to...

Due to unfavorable weather conditions, roads are closed in 10 out of 14 regions of Kazakhstan, according to the press service of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan.

Thus, in the Akmola region, the following roads are closed: -

Yekaterinburg - Almaty, section from Nur-Sultan to...

26.02.2021

Minister of Internal Affairs speaks about the digitalisation of the work of the Kazakh police

Minister of Internal Affairs Yerlan Turgumbayev checked the work of the Operational Management Centre of Uralsk during a working trip to the West Kazakhstan region. According to the press service of the Ministry of Internal Affairs of Kazakhstan, the head of the department was shown the equipment of the precinct...

Minister of Internal Affairs Yerlan Turgumbayev checked the work of the Operational Management Centre of Uralsk during a working trip to the West Kazakhstan region. According to the press service of the Ministry of Internal Affairs of Kazakhstan, the head of the department was shown the equipment of the precinct...

26.02.2021

Golden Ticket: How Central Asia flights rise in price

The cost of air tickets abroad from Russia has recently been growing day by day. This is mainly due to the increased demand for flights after the resumption of flights.

Analysts of the travel service Tutu.ru have studied the demand for air tickets from Russia abroad for the first half of...

The cost of air tickets abroad from Russia has recently been growing day by day. This is mainly due to the increased demand for flights after the resumption of flights.

Analysts of the travel service Tutu.ru have studied the demand for air tickets from Russia abroad for the first half of...

26.02.2021

Kazakhstan earns 29 billion on highways

This year, Kazakhstan plans to collect 29 billion tenge for travel from almost 6 thousand km of toll roads. This was reported by the Ministry of Industry and Infrastructure Development.

According to the ministry, in the second quarter of 2021, a paid travel system will be introduced on 18 sections with...

This year, Kazakhstan plans to collect 29 billion tenge for travel from almost 6 thousand km of toll roads. This was reported by the Ministry of Industry and Infrastructure Development.

According to the ministry, in the second quarter of 2021, a paid travel system will be introduced on 18 sections with...

Regional News

26.02.2021

Russian market players experience trouble in forecasting industrial output

In the laboratory of business surveys of the Gaidar Institute, they calculated the index of surprises. It shows how the forecasts of companies regarding their main indicators differ from the actual results. The idea of such an index has been ripening among analysts for a long time, and 2020, in...

In the laboratory of business surveys of the Gaidar Institute, they calculated the index of surprises. It shows how the forecasts of companies regarding their main indicators differ from the actual results. The idea of such an index has been ripening among analysts for a long time, and 2020, in...

26.02.2021

Russia’s public debt grows due to anti-crisis measures

Russia’s national debt surged in 2020 by 5.4 trillion rouble ($73.5 bln), its biggest figure in history. The debt rose due to increased spending during the coronavirus pandemic, and the key source of this growth turned out to be domestic borrowings. The total debt volume hit 18% of GDP, but...

Russia’s national debt surged in 2020 by 5.4 trillion rouble ($73.5 bln), its biggest figure in history. The debt rose due to increased spending during the coronavirus pandemic, and the key source of this growth turned out to be domestic borrowings. The total debt volume hit 18% of GDP, but...

26.02.2021

Russia could gain on competitive currency

Rising oil prices and a weak rouble could boost Russian state coffers before a parliamentary election this autumn, giving the authorities more leeway for social spending despite the risk of fuelling inflation.

This year’s budget deficit is forecast to come in at 2.4% of gross domestic product (GDP), but Russia could...

Rising oil prices and a weak rouble could boost Russian state coffers before a parliamentary election this autumn, giving the authorities more leeway for social spending despite the risk of fuelling inflation.

This year’s budget deficit is forecast to come in at 2.4% of gross domestic product (GDP), but Russia could...

26.02.2021

Russian stocks ride high as currency remains on lower end

The rouble weakened on Thursday after hitting a more than one-week high against the U.S. dollar in early trade, drawing little support from higher oil prices or from easing fears of tough new sanctions over the jailing of Kremlin critic Alexei Navalny.

Worries about fresh sanctions against Russia have pressured the rouble for months, but...

The rouble weakened on Thursday after hitting a more than one-week high against the U.S. dollar in early trade, drawing little support from higher oil prices or from easing fears of tough new sanctions over the jailing of Kremlin critic Alexei Navalny.

Worries about fresh sanctions against Russia have pressured the rouble for months, but...

26.02.2021

China equity cools down, losses capped by strong property performance

China shares rebounded on Thursday, as strong gains in the property sector helped the market recover from sharp losses made a day earlier.At the close, the Shanghai Composite index was up 0.59 per cent at 3,585.05, while the blue-chip CSI300 index was ended 0.59 per cent higher at 5,469.56.

The smaller...

China shares rebounded on Thursday, as strong gains in the property sector helped the market recover from sharp losses made a day earlier.At the close, the Shanghai Composite index was up 0.59 per cent at 3,585.05, while the blue-chip CSI300 index was ended 0.59 per cent higher at 5,469.56.

The smaller...

26.02.2021

China sets new air-quality targets for next five years

China has announced new targets for tackling air pollution over the next five years, an environmental official said Thursday.

The country vowed to reduce the average PM2.5 density by 10 percent in 337 major cities between 2021 and 2025 compared with that of the previous five years, said Liu Bingjiang, an...

China has announced new targets for tackling air pollution over the next five years, an environmental official said Thursday.

The country vowed to reduce the average PM2.5 density by 10 percent in 337 major cities between 2021 and 2025 compared with that of the previous five years, said Liu Bingjiang, an...

Prices and Statistics

26.02.2021

Commodities

Date: February 26, 2021;Source: Bloomberg.com

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Date: February 26, 2021;Source: Bloomberg.com

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26.02.2021

Exchange Rates

Date: February 26; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 414.77
1 EURO EUR / KZT 506.81
1 RUSSIAN ROUBLE RUB / KZT 5.64
1 CHINESE YUAN CNY / KZT 64.32
1 KYRGYZIAN SOM KGS / KZT 4.9
1 GREAT BRITAIN POUND GBP / KZT 587.85
1 CANADIAN DOLLAR CAD / KZT 332.43
1 AUSTRALIAN DOLLAR AUD / KZT 331.86
...

Date: February 26; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

414.77

1 EURO

EUR / KZT

506.81

1 RUSSIAN ROUBLE

RUB / KZT

5.64

1 CHINESE YUAN

CNY / KZT

64.32

1 KYRGYZIAN SOM

KGS / KZT

4.9

1 GREAT BRITAIN POUND

GBP / KZT

587.85

1 CANADIAN DOLLAR

CAD / KZT

332.43

1 AUSTRALIAN DOLLAR

AUD / KZT

331.86