Issue 3217 - 25.04.2019
25.04.2019

Kazakhstan, Hungary outlined priority areas of coop

Kazakhstan and Hungary determined priority areas in development of cooperation, President Kassym-Jomart Tokayev said while making a joint statement after the talks with Hungarian Prime Minister Viktor Orbán in Akorda.

"Today we have outlined priority areas in development of political, trade and economic and cultural ties between our countries," said Tokayev. The Head of State highlighted that the two sides laid special emphasis on the activity of the Strategic Council and the Intergovernmental Commission for Economic Cooperation.

He added that a business delegation of Hungary led by Deputy Prime Minister -Minister of Finance of this country will visit Nur-Sultan on April 29-30 to participate in the III Meeting of the Strategic Council. "This event will boost our trade and economic ties and will bring our investment cooperation to a brand new level," he said.

By KazInform.

Kazakhstan General

25.04.2019

Kazakh President, Hungarian PM meet in Akorda

President Kassym-Jomart Tokayev and Prime Minister of Hungary Viktor Orbán are holding a meeting in Akorda now.

The sides will hold negotiations both in narrow and extended formats. Viktor Orbán arrived in Kazakhstan for an official visit. The politicians are expected to discuss the Kazakh-Hungarian cooperation as well as a number...

President Kassym-Jomart Tokayev and Prime Minister of Hungary Viktor Orbán are holding a meeting in Akorda now.

The sides will hold negotiations both in narrow and extended formats. Viktor Orbán arrived in Kazakhstan for an official visit. The politicians are expected to discuss the Kazakh-Hungarian cooperation as well as a number...

25.04.2019

Askar Zhumagaliyev, German Ambassador Tilo Klinner meet in Nur-Sultan

Minister of Digital Development, Defense and Aerospace Industry Askar Zhumagaliyev has met with Ambassador Extraordinary and Plenipotentiary of Germany to Kazakhstan Tilo Klinner.

The meeting discussed the prospects of strengthening cooperation in defense industry and digital development, the press service of the Ministry of Digital Development, Defense and Aerospace Industry says....

Minister of Digital Development, Defense and Aerospace Industry Askar Zhumagaliyev has met with Ambassador Extraordinary and Plenipotentiary of Germany to Kazakhstan Tilo Klinner.

The meeting discussed the prospects of strengthening cooperation in defense industry and digital development, the press service of the Ministry of Digital Development, Defense and Aerospace Industry says....

25.04.2019

Ak Zhol Party names 1st female candidate to run for president in Kazakhstan

At its XV Congress the Ak Zhol Democratic Party has nominated Daniya Yesspayeva as its candidate for the 2019 presidential election.

It is worth mentioning that Daniya Yesspayeva was chosen by secret ballot. This is the first female candidate will run for president in the Republic of Kazakhstan. Born on March...

At its XV Congress the Ak Zhol Democratic Party has nominated Daniya Yesspayeva as its candidate for the 2019 presidential election.

It is worth mentioning that Daniya Yesspayeva was chosen by secret ballot. This is the first female candidate will run for president in the Republic of Kazakhstan. Born on March...

25.04.2019

Kazakh Trade Unions Federation nominates its candidate for presidency

The sitiing on April 24 of the general council of the Federation of Trade Unions of Kazakhstan considered nomination of its candidate for the presidential election.

As a result of debates it was decided to nominate Amangeldy Taspikhov as the candidate for the presidential election. Taspikhov was born on November 20,...

The sitiing on April 24 of the general council of the Federation of Trade Unions of Kazakhstan considered nomination of its candidate for the presidential election.

As a result of debates it was decided to nominate Amangeldy Taspikhov as the candidate for the presidential election. Taspikhov was born on November 20,...

25.04.2019

Labor Minister reports on social programs' implementation to Head of State

President of Kazakhstan Kassym-Jomart Tokayev has received today Minister of Labor and Social Protection of the Population Berdibek Saparbayev.

The Head of State heard a report on the progress in implementation of the Enbek State Program, measures assumed to help low-income families with many children as well as increasing the employment...

President of Kazakhstan Kassym-Jomart Tokayev has received today Minister of Labor and Social Protection of the Population Berdibek Saparbayev.

The Head of State heard a report on the progress in implementation of the Enbek State Program, measures assumed to help low-income families with many children as well as increasing the employment...

25.04.2019

Iranian flotilla visits Kazakhstan

A naval flotilla of Iran’s Caspian Sea fleet, comprising two missile-launching corvettes, berthed at the Kazakh port city of Aktau on Wednesday.

The Iranian flotilla, including Separ and Joshan missile-launching corvettes, docked at the Kazakh port as part of the regular naval visits to neighboring states.

The visiting naval forces were given a welcome...

A naval flotilla of Iran’s Caspian Sea fleet, comprising two missile-launching corvettes, berthed at the Kazakh port city of Aktau on Wednesday.

The Iranian flotilla, including Separ and Joshan missile-launching corvettes, docked at the Kazakh port as part of the regular naval visits to neighboring states.

The visiting naval forces were given a welcome...

Finance and Investment

25.04.2019

Investment in the environmental safety of Kazakhstan in the Q1 2019 amounts to 33 billion tenge

In the first three months of 2019, capital investments aimed at protecting the environment amounted to 33.1 billion tenge, 15.6 times more than in the same period last year. For comparison, in January – March 2018, the amount of investments amounted to only 2.1 billion tenge, with an annual growth...

In the first three months of 2019, capital investments aimed at protecting the environment amounted to 33.1 billion tenge, 15.6 times more than in the same period last year. For comparison, in January – March 2018, the amount of investments amounted to only 2.1 billion tenge, with an annual growth...

25.04.2019

Kazakh PM confers with foreign diplomats on investment issues

Prime Minister Askar Mamin has met today with Executive Director of the American Chamber of Commerce Doris Bradbury, Ambassador of Great Britain to Kazakhstan Michael Gifford, Canadian Ambassador Nicholas Brousseau, Head of the EU Delegation to Kazakhstan Sven-Olov Carlsson and U.S. Chargé d'Affaires Theodore Lyng.

The meeting discussed scaling up investment...

Prime Minister Askar Mamin has met today with Executive Director of the American Chamber of Commerce Doris Bradbury, Ambassador of Great Britain to Kazakhstan Michael Gifford, Canadian Ambassador Nicholas Brousseau, Head of the EU Delegation to Kazakhstan Sven-Olov Carlsson and U.S. Chargé d'Affaires Theodore Lyng.

The meeting discussed scaling up investment...

25.04.2019

President informed of results of National Bank's activity in 2018

President of Kazakhstan Kassym-Jomart Tokayev has held a session on the results of the National Bank's activity in 2018.

Participating in the session were Head of the Presidential Administration Bakytzhan Sagintayev, Assistant to President Timur Suleimenov, First Vice Prime Minister - Minister of Finance Alikhan Smailov, Chairman of the National Bank...

President of Kazakhstan Kassym-Jomart Tokayev has held a session on the results of the National Bank's activity in 2018.

Participating in the session were Head of the Presidential Administration Bakytzhan Sagintayev, Assistant to President Timur Suleimenov, First Vice Prime Minister - Minister of Finance Alikhan Smailov, Chairman of the National Bank...

25.04.2019

Total loan debt of Kazakhstan citizens to credit organisations exceeds 6 trillion tenge

The volume of loans issued by banks of Kazakhstan to individuals in February 2019 amounted to 360 billion tenge, 4% more than last month, and 31.3% more compared to February 2018.

Most of them are consumer loans, at 275.9 billion tenge, with a growth by 2.3% on-month, by 20.3% on-year. The...

The volume of loans issued by banks of Kazakhstan to individuals in February 2019 amounted to 360 billion tenge, 4% more than last month, and 31.3% more compared to February 2018.

Most of them are consumer loans, at 275.9 billion tenge, with a growth by 2.3% on-month, by 20.3% on-year. The...

25.04.2019

Heads of state bodies in Kazakhstan are demanded to be punished for the budget violations

The speaker of the Parliament Nurlan Nigmatulin demanded to tighten the responsibility of the first heads of state bodies for the inefficient use of the budget.

During the plenary session of the Parliament, members considered amendments to the Code of Administrative Offenses. During the discussion, MP Meiram Pshembaev asked questions about...

The speaker of the Parliament Nurlan Nigmatulin demanded to tighten the responsibility of the first heads of state bodies for the inefficient use of the budget.

During the plenary session of the Parliament, members considered amendments to the Code of Administrative Offenses. During the discussion, MP Meiram Pshembaev asked questions about...

25.04.2019

Kazakhstan bot masters Russian HR market

The Kazakhstani HR start-up attracted 40 million tenge of investments and launched on the Russian market.

I2BF and businessman Murat Abdrakhmanov invested in capital.

The HR-bot project is based on WhatsApp. The system allows to automate invitations to interviews, independently forms the base of personnel reserve, conducts surveys among employees, systematises work...

The Kazakhstani HR start-up attracted 40 million tenge of investments and launched on the Russian market.

I2BF and businessman Murat Abdrakhmanov invested in capital.

The HR-bot project is based on WhatsApp. The system allows to automate invitations to interviews, independently forms the base of personnel reserve, conducts surveys among employees, systematises work...

25.04.2019

Kazakh national currency drops to 378.77 per US dollar on April 24

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made up KZT378.77 per US dollar at the trades volume of USD86,596 th.;

- on US dollar with settlements Т+0 and T+2 in tenge no deals were made; at the session close...

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOМ) made up KZT378.77 per US dollar at the trades volume of USD86,596 th.;

- on US dollar with settlements Т+0 and T+2 in tenge no deals were made; at the session close...

25.04.2019

Greenback flies high on negative mood in Europe

The euro fell against the U.S. dollar on Wednesday after a surprise drop in a leading indicator for economic activity in Germany highlighted the divergence between economic data in the United States and the euro zone.

German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions...

The euro fell against the U.S. dollar on Wednesday after a surprise drop in a leading indicator for economic activity in Germany highlighted the divergence between economic data in the United States and the euro zone.

German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions...

Oil and Gas Sector

25.04.2019

Kazakh PM confers on expanding engagements with Royal Dutch Shell

Prime Minister of Kazakhstan Askar Mamin has held a meeting with representatives of Royal Dutch Shell, namely Andrew Brown, Upstream Director, Wael Sawan, Executive Vice President Deepwater, and Gerald Schotman, Executive Vice President Upstream JVs.

During the meeting the sides discussed a wide range of issues of bilateral cooperation. Attending the...

Prime Minister of Kazakhstan Askar Mamin has held a meeting with representatives of Royal Dutch Shell, namely Andrew Brown, Upstream Director, Wael Sawan, Executive Vice President Deepwater, and Gerald Schotman, Executive Vice President Upstream JVs.

During the meeting the sides discussed a wide range of issues of bilateral cooperation. Attending the...

25.04.2019

Working conditions of various Cabinets were different, largely due to different oil prices

In just 28 years of independence, there were 11 prime ministers who presided over a different composition of the government. Some members of the Cabinet were transitional. The government of Kasym-Zhomart Tokayev should be recognised as the most effective, experts of the Centre for Applied Economics Research said.

External conditions were...

In just 28 years of independence, there were 11 prime ministers who presided over a different composition of the government. Some members of the Cabinet were transitional. The government of Kasym-Zhomart Tokayev should be recognised as the most effective, experts of the Centre for Applied Economics Research said.

External conditions were...

25.04.2019

Oil quotes update the maximum of the current year

The rally in oil prices supports the tenge and the Russian rouble.

The current week began for the national currency with a relatively positive trend. On the side of the tenge, there is a formal tax period, as well as high oil prices and the strengthening of the Russian rouble.

As a...

The rally in oil prices supports the tenge and the Russian rouble.

The current week began for the national currency with a relatively positive trend. On the side of the tenge, there is a formal tax period, as well as high oil prices and the strengthening of the Russian rouble.

As a...

25.04.2019

Kazakhstan AIFC invites Novosibirsk business to cooperate

The privatisation of the Kazakh oil and gas giant KazMunayGas is planned to take place at the site of the Astana international financial centre in 2020. This was announced on April 24, in Novosibirsk during the presentation of the AIFC, claiming the status of the financial hub of Eurasia.

AIFC was...

The privatisation of the Kazakh oil and gas giant KazMunayGas is planned to take place at the site of the Astana international financial centre in 2020. This was announced on April 24, in Novosibirsk during the presentation of the AIFC, claiming the status of the financial hub of Eurasia.

AIFC was...

25.04.2019

Urals benchmark under constraint by ample offer, cautious demand

Kazakhstan’s benchmark Urals crude’s differentials in the Mediterranean softened on Wednesday after Russia’s provisional loading plan for the full month of May showed exports from Baltic Sea ports and Novorossiisk rising by 11 percent on a daily basis from April.

Urals crude loadings from Russia’s Baltic Sea ports of Primorsk and...

Kazakhstan’s benchmark Urals crude’s differentials in the Mediterranean softened on Wednesday after Russia’s provisional loading plan for the full month of May showed exports from Baltic Sea ports and Novorossiisk rising by 11 percent on a daily basis from April.

Urals crude loadings from Russia’s Baltic Sea ports of Primorsk and...

25.04.2019

Oil prices halt hike on US stockpiling

Oil prices hovered around six-month highs on Wednesday after data showing rising U.S. stocks countered fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

U.S. crude stocks rose by 6.9 million barrels last week, more than expected, data from the industry group American Petroleum...

Oil prices hovered around six-month highs on Wednesday after data showing rising U.S. stocks countered fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

U.S. crude stocks rose by 6.9 million barrels last week, more than expected, data from the industry group American Petroleum...

25.04.2019

North Sea region’s natural gas prices recover on demand hopes, tempered by looming LNG glut

British wholesale gas prices recovered somewhat on Wednesday after slumping in the previous session due to oversupply and a shut-in export pipeline but remained at multi-year seasonal lows.

Day-ahead gas rose 4.3 pence, or 16 percent, to 31.00 pence per therm by 0840 GMT. It had closed down 19 percent on...

British wholesale gas prices recovered somewhat on Wednesday after slumping in the previous session due to oversupply and a shut-in export pipeline but remained at multi-year seasonal lows.

Day-ahead gas rose 4.3 pence, or 16 percent, to 31.00 pence per therm by 0840 GMT. It had closed down 19 percent on...

Metals and Minerals

25.04.2019

Kazakhstan values production of precious and non-ferrous metals

In the I quarter of 2019, the production of precious and non-ferrous metals in Kazakhstan amounted to 712.4 billion tenge.

This figure has increased by 6.1% in comparison with the same period of 2018.

230.2 thousand kg of raw silver with a decrease by 4.9%, and 22.7 thousand kg of raw gold...

In the I quarter of 2019, the production of precious and non-ferrous metals in Kazakhstan amounted to 712.4 billion tenge.

This figure has increased by 6.1% in comparison with the same period of 2018.

230.2 thousand kg of raw silver with a decrease by 4.9%, and 22.7 thousand kg of raw gold...

25.04.2019

Chem-plus plans to start production of glyphosate and phosphorus in Zhambyl region

Chem-plus plans to launch a chemical complex for the production of glyphosate and phosphorus in 2020. The project cost is 70.104 billion tenge.

"Chem-plus plans to complete the implementation of the project for Integrated chemical complex for production of glyphosate (herbicide) and phosphorus trichloride in 2020," the management explained. Project capacity...

Chem-plus plans to launch a chemical complex for the production of glyphosate and phosphorus in 2020. The project cost is 70.104 billion tenge.

"Chem-plus plans to complete the implementation of the project for Integrated chemical complex for production of glyphosate (herbicide) and phosphorus trichloride in 2020," the management explained. Project capacity...

25.04.2019

Kazakhstan to start exporting products from titanium and niobium to Germany

Kazakhstan intends to export $30 million worth of titanium and niobium products to Turkmenistan, India and Germany.

800-900 tonnes of Kazakhstani products will be sold to these countries.

In addition, starting from 2020, titanium will be supplied to Japan.

"According to the contract signed between the enterprise-manufacturer Dinatron-Kazakhstan and the Japanese company GOTAYIO,...

Kazakhstan intends to export $30 million worth of titanium and niobium products to Turkmenistan, India and Germany.

800-900 tonnes of Kazakhstani products will be sold to these countries.

In addition, starting from 2020, titanium will be supplied to Japan.

"According to the contract signed between the enterprise-manufacturer Dinatron-Kazakhstan and the Japanese company GOTAYIO,...

25.04.2019

Bulls return to bullion on cash vs. paper stalemate

Gold steadied on Wednesday, crawling up slightly from the lowest in nearly four months hit during the previous session, with bullion pressured by a robust dollar as U.S. stocks took a breather following a strong rally.

Spot gold was up 0.2 percent at $1,274.24 per ounce as of 11:06 a.m. EDT...

Gold steadied on Wednesday, crawling up slightly from the lowest in nearly four months hit during the previous session, with bullion pressured by a robust dollar as U.S. stocks took a breather following a strong rally.

Spot gold was up 0.2 percent at $1,274.24 per ounce as of 11:06 a.m. EDT...

25.04.2019

Base metal benchmarks mixed on moving reserves, Chinese economy’s resilience

Copper and other base metals recovered on Wednesday from the previous day's losses, buoyed by hopes for a U.S.-China trade deal and stronger economic growth in top metals consumer China.

The White House said that top U.S. officials will travel to Beijing for trade talks next week, with one leading official...

Copper and other base metals recovered on Wednesday from the previous day's losses, buoyed by hopes for a U.S.-China trade deal and stronger economic growth in top metals consumer China.

The White House said that top U.S. officials will travel to Beijing for trade talks next week, with one leading official...

Energy Industry

25.04.2019

Investors from China help launch solar power plant in Kazakhstan

A solar power plant worth $46 million was launched in the Karaganda region.

The project with a capacity of 40 MW was implemented in Balkhash at the Gulshat site. The investor was the Chinese company Risen Energy Co Ltd.

"Today, the installed capacity of the SPP in the Karaganda region is 140...

A solar power plant worth $46 million was launched in the Karaganda region.

The project with a capacity of 40 MW was implemented in Balkhash at the Gulshat site. The investor was the Chinese company Risen Energy Co Ltd.

"Today, the installed capacity of the SPP in the Karaganda region is 140...

Manufacturing industry

25.04.2019

Nazarbayev receives Alstom top executive

Nursultan Nazarbayev met with the ALSTOM company CEO, Henri Poupart-Lafarge, according to the press service of the First President of the Republic of Kazakhstan.

During the meeting, the parties discussed the current state and prospects of the investment cooperation. “7 years ago we started a successful cooperation. Your enterprises operate in...

Nursultan Nazarbayev met with the ALSTOM company CEO, Henri Poupart-Lafarge, according to the press service of the First President of the Republic of Kazakhstan.

During the meeting, the parties discussed the current state and prospects of the investment cooperation. “7 years ago we started a successful cooperation. Your enterprises operate in...

25.04.2019

Nazarbayev, Poupart-Lafarge debate investment coop prospects

Leader of the Nation Nursultan Nazarbayev has met with Henri Poupart-Lafarge, CEO of Alstom.

The sides debated the current state and prospects for investment cooperation. Nursultan Nazarbayev highlighted significance of infrastructure development in the context of strengthening of transit and transport potential of the country.

"Infrastructure development grows in importance nowadays, taking...

Leader of the Nation Nursultan Nazarbayev has met with Henri Poupart-Lafarge, CEO of Alstom.

The sides debated the current state and prospects for investment cooperation. Nursultan Nazarbayev highlighted significance of infrastructure development in the context of strengthening of transit and transport potential of the country.

"Infrastructure development grows in importance nowadays, taking...

Trade and Consumer Goods

25.04.2019

Small business dominates trading sector

The trade sector is traditionally one of the most attractive for small business. Thus, by the end of March of this year, the number of small active companies in the sector reached 37.3 thousand, having increased by 15.8% on-year. For comparison, in the same period a year earlier, their number...

The trade sector is traditionally one of the most attractive for small business. Thus, by the end of March of this year, the number of small active companies in the sector reached 37.3 thousand, having increased by 15.8% on-year. For comparison, in the same period a year earlier, their number...

Agriculture

25.04.2019

Decline in grain reserves of Kazakhstan narrows in March by almost 1.5 times

The decline of grain reserves in Kazakhstan in March was even lower than in February, which is obviously associated with a decrease in its export volumes. Grain reserves declined in February not in such a significant amount as in January. For the first month of this year, a record amount...

The decline of grain reserves in Kazakhstan in March was even lower than in February, which is obviously associated with a decrease in its export volumes. Grain reserves declined in February not in such a significant amount as in January. For the first month of this year, a record amount...

25.04.2019

Kazakhstan’s production of vegetable oils reaches new record

In March 2019, the production of vegetable oils in Kazakhstan reached the monthly maximum figures, and totaled 41.1 thsd tonnes. Traditionally, in the reporting month sunflower oil formed the main share in the production structure. Oil-producing enterprises of Kazakhstan produced 12.5 thsd tonnes of crude sunflower oil and 10.4 thsd...

In March 2019, the production of vegetable oils in Kazakhstan reached the monthly maximum figures, and totaled 41.1 thsd tonnes. Traditionally, in the reporting month sunflower oil formed the main share in the production structure. Oil-producing enterprises of Kazakhstan produced 12.5 thsd tonnes of crude sunflower oil and 10.4 thsd...

25.04.2019

Hungary commits to construction of dairy combine in Kazakhstan

"Hungary will invest into construction of a dairy factory in Kazakhstan," Prime Minister of Hungary Viktor Orbán revealed following the talks with Kazakh President Kassym-Jomart Tokayev.

We were the first to support establishing the financial centre in Nur-Sultan. We founded the Kazakhstan-Hungary Investment Fund which has already delivered benefits. We have...

"Hungary will invest into construction of a dairy factory in Kazakhstan," Prime Minister of Hungary Viktor Orbán revealed following the talks with Kazakh President Kassym-Jomart Tokayev.

We were the first to support establishing the financial centre in Nur-Sultan. We founded the Kazakhstan-Hungary Investment Fund which has already delivered benefits. We have...

25.04.2019

Investors from Germany to establish new agro-machinery industry in Kazakhstan

North Kazakhstan region plans to produce agricultural equipment.

According to the regional management of industrial-innovative development, the start of this project is scheduled for the second half of 2019.

The new production in Petropavlovsk will be opened by the German company CLAAS.

“80 jobs will be created at the enterprise. Negotiations regarding the...

North Kazakhstan region plans to produce agricultural equipment.

According to the regional management of industrial-innovative development, the start of this project is scheduled for the second half of 2019.

The new production in Petropavlovsk will be opened by the German company CLAAS.

“80 jobs will be created at the enterprise. Negotiations regarding the...

25.04.2019

Bears dominate wheat futures market on high US, FSU harvest hopes

Chicago soybeans edged higher on Wednesday, steadying after hitting a 2019 low the previous day, as investors weighed the chances of a U.S.-China trade deal against bumper crop prospects in South America and swine fever in China.

Wheat ticked lower as a bounce from one-month lows this week petered out in...

Chicago soybeans edged higher on Wednesday, steadying after hitting a 2019 low the previous day, as investors weighed the chances of a U.S.-China trade deal against bumper crop prospects in South America and swine fever in China.

Wheat ticked lower as a bounce from one-month lows this week petered out in...

Communications and Transportation

25.04.2019

Kazakhstan ICT sector increases capital spending

Capital expenditure totaled KZT 10.7 billion in the ICT sector in Kazakhstan in January-February, reports Profit.kz. The spending grew by 69.1 percent year-on-year, after totaling KZT 6.3 billion in the year-earlier period.

Capital expenditure in the ICT sector formed 0.8 percent of the total capital spending in the country, up by...

Capital expenditure totaled KZT 10.7 billion in the ICT sector in Kazakhstan in January-February, reports Profit.kz. The spending grew by 69.1 percent year-on-year, after totaling KZT 6.3 billion in the year-earlier period.

Capital expenditure in the ICT sector formed 0.8 percent of the total capital spending in the country, up by...

25.04.2019

Kazakh authorities announce change in railway schedule

From May 22, 2019, the schedule of some passenger trains will change, according to the Passenger Transportation Authority.

As previously reported, after numerous appeals to the carrier, work was carried out in coordination with the Transport Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan and East Kazakhstan region’s...

From May 22, 2019, the schedule of some passenger trains will change, according to the Passenger Transportation Authority.

As previously reported, after numerous appeals to the carrier, work was carried out in coordination with the Transport Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan and East Kazakhstan region’s...

Regional News

25.04.2019

EAEU reaches agreement on common electricity market

The Eurasian Economic Union member states have settled the last disagreement regarding the common electricity market, the Eurasian Economic Commission (EEC) press service told BelTA following a meeting held under the chairmanship of EEC Board head Tigran Sargsyan to discuss the development of the common electricity market in the EAEU,...

The Eurasian Economic Union member states have settled the last disagreement regarding the common electricity market, the Eurasian Economic Commission (EEC) press service told BelTA following a meeting held under the chairmanship of EEC Board head Tigran Sargsyan to discuss the development of the common electricity market in the EAEU,...

25.04.2019

Farm produce trade thrives between Xinjiang and neighboring B&R countries

It took less than half an hour to clear eight truckloads of sunflower seeds through the Bakti port in Xinjiang along the China-Kazakhstan border, as local customs authorities take measures to make trade more efficient.

Liu Junyi, manager of the Yongli Trade Co., Ltd in the city of Tacheng, said the...

It took less than half an hour to clear eight truckloads of sunflower seeds through the Bakti port in Xinjiang along the China-Kazakhstan border, as local customs authorities take measures to make trade more efficient.

Liu Junyi, manager of the Yongli Trade Co., Ltd in the city of Tacheng, said the...

25.04.2019

Chinese shares end higher Wednesday

Chinese shares closed higher on Wednesday, with the benchmark Shanghai Composite Index ending at 3,201.61 points, up 0.09 percent.

The Shenzhen Component Index closed 1.1 percent higher at 10,236.27 points.

Combined turnover of stocks in the two indices stood at 652.3 billion yuan (about 97.36 billion U.S. dollars), expanding from 324.9 billion...

Chinese shares closed higher on Wednesday, with the benchmark Shanghai Composite Index ending at 3,201.61 points, up 0.09 percent.

The Shenzhen Component Index closed 1.1 percent higher at 10,236.27 points.

Combined turnover of stocks in the two indices stood at 652.3 billion yuan (about 97.36 billion U.S. dollars), expanding from 324.9 billion...

25.04.2019

Russian currency, stocks hike stagnates along with oil price drop

The Russian rouble slipped against the dollar on Wednesday along with other emerging market currencies, despite receiving support from month-end tax payments and investor expectations of high demand for government bonds.

At 0720 GMT, the rouble was 0.47 percent weaker against the dollar at 63.99 and had lost 0.33 percent to...

The Russian rouble slipped against the dollar on Wednesday along with other emerging market currencies, despite receiving support from month-end tax payments and investor expectations of high demand for government bonds.

At 0720 GMT, the rouble was 0.47 percent weaker against the dollar at 63.99 and had lost 0.33 percent to...

25.04.2019

Russia fills vaults with another 600,000 ounces of gold

The Central Bank of Russia keeps buying gold, adding some 18.7 tons of the precious metal to the county’s vast stockpile in March alone, according to the latest figures released by the regulator.

The boost brought Russia’s estimated gold holdings to more than 2,170 tons (69,700,000 ounces), that amounts to nearly...

The Central Bank of Russia keeps buying gold, adding some 18.7 tons of the precious metal to the county’s vast stockpile in March alone, according to the latest figures released by the regulator.

The boost brought Russia’s estimated gold holdings to more than 2,170 tons (69,700,000 ounces), that amounts to nearly...

25.04.2019

Half a billion greenbacks needed to upgrade Azerbaijan’s petrochemical industry

The total cost of modernizing the Azerikimya Production Association (PA) is about $500 million, Deputy Director General of Azerikimya Production Association Orkhan Jafarov said.

He made the announcement while speaking at a conference “Oil Refining and Petrochemistry of the Caspian Sea and Central Asia - Conjuncture, Projects Implementation, Technical Solutions” in...

The total cost of modernizing the Azerikimya Production Association (PA) is about $500 million, Deputy Director General of Azerikimya Production Association Orkhan Jafarov said.

He made the announcement while speaking at a conference “Oil Refining and Petrochemistry of the Caspian Sea and Central Asia - Conjuncture, Projects Implementation, Technical Solutions” in...

Prices and Statistics

25.04.2019

Commodities

Date: April 25, 2019; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 65.85 -0.04 -0.06% Jun 2019 1:21 AM
CO1:COMBrent Crude (ICE) USD/bbl. 74.65 +0.08 +0.11% Jun 2019 1:21 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 213.35 +0.50 +0.23% May 2019 1:00 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.47 +0.01 +0.24% May 2019 1:17 AM
HO1:COMHeating Oil (Nymex) USd/gal. 209.55 -0.32 -0.15% May 2019 12:40 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,276.90 -2.50 -0.20% Jun 2019 1:20 AM
XAUUSD:CURGold Spot USD/t oz. 1,274.95 -0.81 -0.06% N/A 1:30 AM
SI1:COMSilver (Comex) USD/t oz. 14.94 -0.06 -0.37% Jul 2019 1:17 AM
HG1:COMCopper (Comex) USd/lb. 291.35 -0.25 -0.09% Jul 2019 1:20 AM
XPTUSD:CURPlatinum Spot USD/t oz. 882.07 -2.03 -0.23% N/A 1:29 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 355.00 -1.00 -0.28% Jul 2019 1:14 AM
W 1:COMWheat (CBOT) USd/bu. 438.50 0.00 0.00% Jul 2019 1:14 AM
CC1:COMCocoa (ICE) USD/MT 2,248.00 -44.00 -1.92% Jul 2019 4/24/2019
CT1:COMCotton #2 (ICE) USd/lb. 77.43 +0.31 +0.40% Jul 2019 1:13 AM
LC1:COMLive Cattle (CME) USd/lb. 118.35 -2.77 -2.29% Jun 2019 4/24/2019

Date: April 25, 2019; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 65.85 -0.04 -0.06% Jun 2019 1:21 AM
CO1:COMBrent Crude (ICE) USD/bbl. 74.65 +0.08 +0.11% Jun 2019 1:21 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 213.35 +0.50 +0.23% May 2019 1:00 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.47 +0.01 +0.24% May 2019 1:17 AM
HO1:COMHeating Oil (Nymex) USd/gal. 209.55 -0.32 -0.15% May 2019 12:40 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,276.90 -2.50 -0.20% Jun 2019 1:20 AM
XAUUSD:CURGold Spot USD/t oz. 1,274.95 -0.81 -0.06% N/A 1:30 AM
SI1:COMSilver (Comex) USD/t oz. 14.94 -0.06 -0.37% Jul 2019 1:17 AM
HG1:COMCopper (Comex) USd/lb. 291.35 -0.25 -0.09% Jul 2019 1:20 AM
XPTUSD:CURPlatinum Spot USD/t oz. 882.07 -2.03 -0.23% N/A 1:29 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 355.00 -1.00 -0.28% Jul 2019 1:14 AM
W 1:COMWheat (CBOT) USd/bu. 438.50 0.00 0.00% Jul 2019 1:14 AM
CC1:COMCocoa (ICE) USD/MT 2,248.00 -44.00 -1.92% Jul 2019 4/24/2019
CT1:COMCotton #2 (ICE) USd/lb. 77.43 +0.31 +0.40% Jul 2019 1:13 AM
LC1:COMLive Cattle (CME) USd/lb. 118.35 -2.77 -2.29% Jun 2019 4/24/2019
25.04.2019

Exchange Rates

Date: April 25, 2019; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 378.56
1 EURO EUR / KZT 424.44
1 RUSSIAN ROUBLE RUB / KZT 5.91
1 CHINESE YUAN CNY / KZT 56.36
1 KYRGYZIAN SOM KGS / KZT 5.43
1 GREAT BRITAIN POUND GBP / KZT 489.71
1 CANADIAN DOLLAR CAD / KZT 281.44
1 AUSTRALIAN DOLLAR AUD / KZT 266.66

Date: April 25, 2019; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

378.56

1 EURO

EUR / KZT

424.44

1 RUSSIAN ROUBLE

RUB / KZT

5.91

1 CHINESE YUAN

CNY / KZT

56.36

1 KYRGYZIAN SOM

KGS / KZT

5.43

1 GREAT BRITAIN POUND

GBP / KZT

489.71

1 CANADIAN DOLLAR

CAD / KZT

281.44

1 AUSTRALIAN DOLLAR

AUD / KZT

266.66