Issue 2968 - 20.04.2018
20.04.2018

National campaign legalises more than 600,000 informal jobs

Labour and Social Protection Minister Madina Abylkassymova reported that 607,000 out of 2.7 million people had formalised their employment status since the beginning of the year at an April 17 government meeting.

Approximately 197,000 employees concluded employment contracts and began making mandatory pension contributions, and 12,000 individuals registered their entrepreneurial activities. The regions continue to carry out employment promotion measures for the self-employed and unemployed population.

“Activities on clarifying the status of citizens are underway in all regions. The regional headquarters operate at the akimats [administration offices] and the central state bodies. The work is based on the adopted regional road maps on formalisation of the self-employed population,” she said.

These regional road maps offer methods to address key employment-related issues, including statistical accounting, the complex tax system and the lack of some organisational and legal regimes. The draft law “On Amendments and Additions to Certain Legislative Acts on Legalising Informal Activities of Self-Employed Population” is currently being developed.

Modernising the infrastructure of the labour market will help provide access to productive employment.

Work is being carried out to renew employment centres around the country, to create a single online platform and to implement an electronic labour exchange nationwide as part of instructions from Kazakh President Nursultan Nazarbayev.

“The electronic labour exchange was launched in a pilot mode in Astana, Almaty, Pavlodar and Shymkent in October 2017. The web portal was launched throughout the country in January. It ranks second among the most visited websites in the jobs and vacancies category and has 74th place among all Kazakhstan’s sites,” the minister noted.

More than 21,000 people have been employed and about 28,000 employers are registered through the electronic labour exchange website.

Private employment agencies will also be involved in state programmes to provide workplaces for the unemployed. Employment centres will collaborate with private agencies to transfer services for vocational guidance and job placement for the unemployed. This measure will provide jobs for up to 60,000 individuals.

The updating of citizen statuses depends on the integration of state bodies’ information systems. Most of these systems have already been integrated. The ministry will integrate systems with the Ministry of Finance on entrepreneurs and the Ministry of Education and Science on students, children under 18 and persons raising children up to the age of three before the end of this year.

Minister of National Economy Timur Suleimenov said a single social payment (SSP) system had been proposed to simplify the registration and legalisation of employees in informal sectors. The payment is expected to be one monthly calculated indicator (MCI) in the amount of 2,405 tenge (US$7.3) for city residents and 0.3 MCI or 722 tenge (US$2) for village residents.  The payment includes tax and all social payments.

The SSP includes an individual income tax in the amount of 10 percent, a mandatory pension contribution of 40 percent, a contribution to the state social insurance fund of 10 percent and a contribution to the social insurance fund of 40 percent. The SSP norms will be included in the Tax Code.

The relevant draft law is being developed and will be submitted to the Mazhilis (lower chamber of Parliament) in the second quarter of 2018.

By Zhanna Shayakhmetova for the Astana Times.

Kazakhstan General

20.04.2018

Kazakhstan announces priority areas for coop with Economic Cooperation Organisation

Deputy Minister of Foreign Affairs of Kazakhstan, Akylbek Kamaldinov, attended the 23rd meeting of the Council of Foreign Ministers of the Economic Cooperation Organisation (ECO) in Dushanbe this week, Kazinform has learnt from Kazakh MFA's press service. 

During the meeting, at which the ECO Chairmanship moved from Pakistan to Tajikistan, the participants...

Deputy Minister of Foreign Affairs of Kazakhstan, Akylbek Kamaldinov, attended the 23rd meeting of the Council of Foreign Ministers of the Economic Cooperation Organisation (ECO) in Dushanbe this week, Kazinform has learnt from Kazakh MFA's press service. 

During the meeting, at which the ECO Chairmanship moved from Pakistan to Tajikistan, the participants...

20.04.2018

Young social entrepreneurs call for celebrating diversity through education, inclusion

The School for All is planning to expand by opening a new office in the capital to welcome more children of all abilities. Set up two years ago by Nazarbayev University (NU) student Kamila Rollan, the social enterprise has the mission of integrating children with special needs into regular classrooms.

Rollan...

The School for All is planning to expand by opening a new office in the capital to welcome more children of all abilities. Set up two years ago by Nazarbayev University (NU) student Kamila Rollan, the social enterprise has the mission of integrating children with special needs into regular classrooms.

Rollan...

20.04.2018

New report reviews religion and secularism in Kazakhstan

Kazakhstan can offer the world a completely different model of state secularism and may serve as an example for other Muslim-majority states, according to a recent study published by the Stockholm-based Institute for Security and Development Policy (ISDP).

After the fall of the Soviet Union, independent Kazakhstan, like other Central Asian...

Kazakhstan can offer the world a completely different model of state secularism and may serve as an example for other Muslim-majority states, according to a recent study published by the Stockholm-based Institute for Security and Development Policy (ISDP).

After the fall of the Soviet Union, independent Kazakhstan, like other Central Asian...

20.04.2018

Three nature reserves to open as part of Sacred Kazakhstan initiative

Kazakhstan plans to open three new nature reserves, Sacred Kazakhstan Science and Research Centre Head Berik Abdygaliuly announced at a recent exhibit dedicated to the one-year anniversary of Kazakhstan’s National Identity Programme or Rukhani Zhangyru, inform.kz reports.

“Kazakh President Nursultan Nazarbayev initiated the idea and his administration supported it,” he said....

Kazakhstan plans to open three new nature reserves, Sacred Kazakhstan Science and Research Centre Head Berik Abdygaliuly announced at a recent exhibit dedicated to the one-year anniversary of Kazakhstan’s National Identity Programme or Rukhani Zhangyru, inform.kz reports.

“Kazakh President Nursultan Nazarbayev initiated the idea and his administration supported it,” he said....

20.04.2018

"Smart District" to be created in Astana

A district with the most advanced technologies is to be created in Astana, Kazpravda.kz reports. 

According to the press service of Astana mayor, the "smart district" will be located in the old part of the city, in the Zhastar microdistrict, within the boundaries of Barayev, Kravtsov, Tashenov and Hussein streets. 

According to...

A district with the most advanced technologies is to be created in Astana, Kazpravda.kz reports. 

According to the press service of Astana mayor, the "smart district" will be located in the old part of the city, in the Zhastar microdistrict, within the boundaries of Barayev, Kravtsov, Tashenov and Hussein streets. 

According to...

Oil and Gas Sector

20.04.2018

KazTransGas and EBRD to develop gas industry in Kazakhstan

Chairman of the Board of Directors of KazTransGas JSC Kairat Sharipbayev and President of the European Bank for reconstruction development Suma Chakrabarti signed a Memorandum of understanding on cooperation in gas sector reforms and development of the gas industry, Kazinform has learnt from the company's press service. 

The Memorandum of understanding...

Chairman of the Board of Directors of KazTransGas JSC Kairat Sharipbayev and President of the European Bank for reconstruction development Suma Chakrabarti signed a Memorandum of understanding on cooperation in gas sector reforms and development of the gas industry, Kazinform has learnt from the company's press service. 

The Memorandum of understanding...

20.04.2018

Last CPC expansion project facility commissioned in Kalmykia

Pump Station of CPC Expansion Project - PS-2 in Kalmykia - was put into permanent operation on April 18, 2018.

The new Pump Station facilities are located near the settlement of Achinery, Chernozemelsky District, Republic of Kalmykia.

The construction workers installed frame buildings, laid 220 km of power and control cables, installed...

Pump Station of CPC Expansion Project - PS-2 in Kalmykia - was put into permanent operation on April 18, 2018.

The new Pump Station facilities are located near the settlement of Achinery, Chernozemelsky District, Republic of Kalmykia.

The construction workers installed frame buildings, laid 220 km of power and control cables, installed...

20.04.2018

Kazakh engineering capabilities, Dutch expertise support major developments in Kazakhstan

Witteveen+Bos is an engineering and consulting company based in the Netherlands whose affiliated company, Witteveen+Bos Caspian LLP, is currently serving as the main designer to complete the plans for the Caspian Transportation Route (CaTRo).

The project plays a vital role in increasing TengizChevrOil’s operations at Tengiz oil field and CaTRo is...

Witteveen+Bos is an engineering and consulting company based in the Netherlands whose affiliated company, Witteveen+Bos Caspian LLP, is currently serving as the main designer to complete the plans for the Caspian Transportation Route (CaTRo).

The project plays a vital role in increasing TengizChevrOil’s operations at Tengiz oil field and CaTRo is...

20.04.2018

We thought that we cannot live without oil

In Aktau, entrepreneurs were able to adjust to the new conditions on the oil market and even met all the indicators in 2017 by 100 percent or more. First deputy head of Mangistau region Serik Amangaliev told the correspondent of NUR.KZ about the role of business in...

In Aktau, entrepreneurs were able to adjust to the new conditions on the oil market and even met all the indicators in 2017 by 100 percent or more. First deputy head of Mangistau region Serik Amangaliev told the correspondent of NUR.KZ about the role of business in the development of...

20.04.2018

AI-92 gasoline has risen in price by 15% for the year. Summer and winter diesel prices jumped by 23-24%

The production of gasoline grew by 3% year-to-year, diesel decreased by the same 3%.

For January-March, 2018, 830.8 thousand tons of petroleum were produced, which is 2.6% more than in the same period last year.

The volume of diesel fuel production, on the contrary, slightly decreased to 1.06 million tons, 2.9% less...

The production of gasoline grew by 3% year-to-year, diesel decreased by the same 3%.

For January-March, 2018, 830.8 thousand tons of petroleum were produced, which is 2.6% more than in the same period last year.

The volume of diesel fuel production, on the contrary, slightly decreased to 1.06 million tons, 2.9% less...

20.04.2018

Effective technologies of TatNIPIneft institute

Professionals of TATNEFT’s TatNIPIneft have developed a pumping unit for lifting production of the wells without the use of tubing, therefore reducing the cost of crude oil production through the application of a new equipment package. The unit allows performing well repairs without the use of a lifting unit and...

Professionals of TATNEFT’s TatNIPIneft have developed a pumping unit for lifting production of the wells without the use of tubing, therefore reducing the cost of crude oil production through the application of a new equipment package. The unit allows performing well repairs without the use of a lifting unit and...

20.04.2018

$100 oil back on the table

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way.

Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100...

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way.

Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrel?

Reuters reports...

20.04.2018

Gazprom gas exports to Europe rise 6.3% since start of 2018

Gas production and deliveries of Gazprom, which include the bulk of the gas won in Kazakhstan and supplies from Uzbekistan, continue to grow even after the end of the winter heating season. According to Gazprom, from April 1 to April 15 the company produced 21.9 billion cubic meters of gas, by 22.4% more than in the 1st...

Gas production and deliveries of Gazprom, which include the bulk of the gas won in Kazakhstan and supplies from Uzbekistan, continue to grow even after the end of the winter heating season. According to Gazprom, from April 1 to April 15 the company produced 21.9 billion cubic meters of gas, by 22.4% more than in the 1st...

20.04.2018

Board of Directors addresses progress of Gazprom’s Innovative Development Programme

The Gazprom Board of Directors addressed and took note of the information about the implementation of the company’s Innovative Development Program until 2025, including the issues related to the efficiency of research and development (R&D) investments.

It was noted that Gazprom made consistent and targeted efforts to improve the efficiency of...

The Gazprom Board of Directors addressed and took note of the information about the implementation of the company’s Innovative Development Program until 2025, including the issues related to the efficiency of research and development (R&D) investments.

It was noted that Gazprom made consistent and targeted efforts to improve the efficiency of...

Finance and Investment

20.04.2018

Programme for assisting banks with poor indicators will be closed - Nazarbayev

President Nursultan Nazarbayev held a session  tallying up the National Bank’s 2017 performance, Kazpravda.kz reports.

As the press service of the RK President reports, during the meeting, the National Bank’s 2017 performance report was heard, and prospects for the development of the country's financial sector were presented.

The President of Kazakhstan, noting...

President Nursultan Nazarbayev held a session  tallying up the National Bank’s 2017 performance, Kazpravda.kz reports.

As the press service of the RK President reports, during the meeting, the National Bank’s 2017 performance report was heard, and prospects for the development of the country's financial sector were presented.

The President of Kazakhstan, noting...

20.04.2018

President Nazarbayev chaired Samruk Kazyna Fund management board meeting

Head of State Nursultan Nazarbayev held a meeting of the Samruk Kazyna National Welfare Fund management board, the Akorda press service said.

Prime Minister Bakhytzhan Sagintayev, Head of the Presidential Administration Adilbek Dzhakssbekov, Head of the National Bank Daniyar Akishev, Chairman of the Management Board of Samruk Kazyna JSC Akhmetzhan Yessimov,...

Head of State Nursultan Nazarbayev held a meeting of the Samruk Kazyna National Welfare Fund management board, the Akorda press service said.

Prime Minister Bakhytzhan Sagintayev, Head of the Presidential Administration Adilbek Dzhakssbekov, Head of the National Bank Daniyar Akishev, Chairman of the Management Board of Samruk Kazyna JSC Akhmetzhan Yessimov,...

20.04.2018

National Bank is not afraid of a weak rouble

The decision of the National Bank on the base rate this time was taken in conditions of volatility in the currency and stock markets and increased attention to the reaction of the Kazakh authorities to what is happening on the Russian market.

The level of the base rate and the National...

The decision of the National Bank on the base rate this time was taken in conditions of volatility in the currency and stock markets and increased attention to the reaction of the Kazakh authorities to what is happening on the Russian market.

The level of the base rate and the National...

20.04.2018

Kazakhstan wants to introduce preventive business checks

Kazakhstan intends to introduce preventive control measures for enterprises. Such a provision is envisaged within the framework of the draft law on Amendments and Additions to Certain Legislative Acts of Kazakhstan on Improving Business Regulation, Kapital reports.

It is noted that the bill introduces about 1000 amendments to 14 codes and...

Kazakhstan intends to introduce preventive control measures for enterprises. Such a provision is envisaged within the framework of the draft law on Amendments and Additions to Certain Legislative Acts of Kazakhstan on Improving Business Regulation, Kapital reports.

It is noted that the bill introduces about 1000 amendments to 14 codes and...

20.04.2018

A.M. Best affirms credit ratings of JSC Insurance Company Centras Insurance

A.M. Best has affirmed the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” of JSC Insurance Company Centras Insurance (Centras) (Kazakhstan). The outlook of these Credit Ratings (ratings) remains stable.

The ratings reflect Centras’ balance sheet strength, which A.M. Best categorises as adequate, as well...

A.M. Best has affirmed the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” of JSC Insurance Company Centras Insurance (Centras) (Kazakhstan). The outlook of these Credit Ratings (ratings) remains stable.

The ratings reflect Centras’ balance sheet strength, which A.M. Best categorises as adequate, as well...

20.04.2018

AIFC has promising future - Kairat Kelimbetov

The official unveiling ceremony of the Astana International Financial Center (AIFC) will be held on the sidelines of the Astana Finance Days in early July during the celebrations of the 20th anniversary of the Kazakh capital. AIFC Governor Kairat Kelimbetov sat down with Kazinform to share the details about two...

The official unveiling ceremony of the Astana International Financial Center (AIFC) will be held on the sidelines of the Astana Finance Days in early July during the celebrations of the 20th anniversary of the Kazakh capital. AIFC Governor Kairat Kelimbetov sat down with Kazinform to share the details about two...

20.04.2018

KASE day session: USDKZT_TOD = 325.66

Based on the results of trades on the spot-market:

- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT325.66 per US dollar at the trades volume USD95,700 th.;

- on US dollar with settlements Т+1 and T+2 in tenge no deals were made, at the session close quotes...

Based on the results of trades on the spot-market:

- weighted average US dollar rate with settlements T+0 in tenge (USDKZT_TOD) made KZT325.66 per US dollar at the trades volume USD95,700 th.;

- on US dollar with settlements Т+1 and T+2 in tenge no deals were made, at the session close quotes...

20.04.2018

Dollar index steady, supported by higher U.S. yields

The dollar was little changed against a basket of currencies on Thursday as higher U.S. bond yields and expectations of more rate increases from the Federal Reserve offset worries about a trade war and a ballooning U.S. budget deficit.

Recent economic data suggested business activities overseas may have peaked. This has...

The dollar was little changed against a basket of currencies on Thursday as higher U.S. bond yields and expectations of more rate increases from the Federal Reserve offset worries about a trade war and a ballooning U.S. budget deficit.

Recent economic data suggested business activities overseas may have peaked. This has...

Metals and Minerals

20.04.2018

Kazakhstan seeks new alumina markets amid Rusal's troubles

Kazakhstan is looking to open up new markets for its alumina exports, concerned U.S. sanctions on Russian aluminium giant Rusal could hit business and jobs.

Eurasian Resources Group (ERG), a company part-owned by the Kazakh government, produces 1.5 million tonnes a year of alumina, which is used to make aluminium, selling...

Kazakhstan is looking to open up new markets for its alumina exports, concerned U.S. sanctions on Russian aluminium giant Rusal could hit business and jobs.

Eurasian Resources Group (ERG), a company part-owned by the Kazakh government, produces 1.5 million tonnes a year of alumina, which is used to make aluminium, selling...

20.04.2018

Association of Mining and Metallurgical Enterprises proposes to introduce royalties instead of MET and to review the taxation of waste

The Republican Association of Mining and Metallurgical Enterprises is offering to replace the mineral extraction tax with sales royalties for solid minerals and develop incentives for the processing of mineral wastes in the new Environmental Code.

"We actually believe that royalties are a step forward instead of the MET. Royalties fr...

The Republican Association of Mining and Metallurgical Enterprises is offering to replace the mineral extraction tax with sales royalties for solid minerals and develop incentives for the processing of mineral wastes in the new Environmental Code.

"We actually believe that royalties are a step forward instead of the MET. Royalties fr...

20.04.2018

KAZ Minerals downgraded to reduce at HSBC

HSBC cut shares of KAZ Minerals (OTCMKTS:KZMYY) from a hold rating to a reduce rating in a research report report published on Wednesday morning, The Fly reports.

Separately, Zacks Investment Research lowered KAZ Minerals from a buy rating to a sell rating in a research...

HSBC cut shares of KAZ Minerals (OTCMKTS:KZMYY) from a hold rating to a reduce rating in a research report report published on Wednesday morning, The Fly reports.

Separately, Zacks Investment Research lowered KAZ Minerals from a buy rating to a sell rating in a research report on Wednesday.

Shares of KZMYY opened...

20.04.2018

Gold breaks string of gains as global tensions ease

Gold prices dipped on Thursday, breaking a string of gains for four successive sessions, in response to a decline in global political tensions.

Spot gold was down 0.1 percent at $1,347.60 per ounce by 1240 GMT, while U.S. gold futures fell 0.2 percent to$1,350.80 per ounce.

"Uncertainty has decreased somewhat. Geopolitical worries,...

Gold prices dipped on Thursday, breaking a string of gains for four successive sessions, in response to a decline in global political tensions.

Spot gold was down 0.1 percent at $1,347.60 per ounce by 1240 GMT, while U.S. gold futures fell 0.2 percent to$1,350.80 per ounce.

"Uncertainty has decreased somewhat. Geopolitical worries,...

20.04.2018

Nickel soars 9 pct to 3-year high on Russia sanctions fears

Nickel soared 9 percent to a three-year high on Thursday, extending the previous session's blistering rally on fears the metal could become ensnared in U.S. sanctions on Russian firms, although analysts say gains could be short-lived.

The United States last week slapped sanctions on major Russian aluminium producer Rusal and traders...

Nickel soared 9 percent to a three-year high on Thursday, extending the previous session's blistering rally on fears the metal could become ensnared in U.S. sanctions on Russian firms, although analysts say gains could be short-lived.

The United States last week slapped sanctions on major Russian aluminium producer Rusal and traders...

Manufacturing industry

20.04.2018

Kazakhstan regions with highest level of industrial injuries named

Chairman of the Labour, Social Protection and Migration Committee of the Ministry of Labor and Social Protection Akmadi Sarbasov named the regions of Kazakhstan with the highest level of industrial injuries at a press conference in Astana, Kazpravda.kz reports. 

"According to the data for 2017, the greatest level...

Chairman of the Labour, Social Protection and Migration Committee of the Ministry of Labor and Social Protection Akmadi Sarbasov named the regions of Kazakhstan with the highest level of industrial injuries at a press conference in Astana, Kazpravda.kz reports. 

"According to the data for 2017, the greatest level of injuries was...

Trade and Consumer Goods

20.04.2018

State budget received 11 billion tenge from alcohol excises in two months of 2018

The fiscal system began to squeeze illegal products from the market. Almost three-quarters of the fees were provided by the Kazakh producers of alcoholic beverages.

Excises bring tangible revenue to the budget. For January-February of this year, excise duties on alcohol amounted to 10.9 billion tenge, 48.4% more than in the...

The fiscal system began to squeeze illegal products from the market. Almost three-quarters of the fees were provided by the Kazakh producers of alcoholic beverages.

Excises bring tangible revenue to the budget. For January-February of this year, excise duties on alcohol amounted to 10.9 billion tenge, 48.4% more than in the...

Agriculture

20.04.2018

Wheat stays firm on U.S. weather worries

U.S. wheat futures rose for a third consecutive session on Thursday, amid growing doubts that parched winter wheat belts in the southern U.S. Plains would receive significant rain.

Corn and soybeans were little changed, as investors awaited clearer indications about planting trends.

Grain markets were also watching for weekly U.S. export data...

U.S. wheat futures rose for a third consecutive session on Thursday, amid growing doubts that parched winter wheat belts in the southern U.S. Plains would receive significant rain.

Corn and soybeans were little changed, as investors awaited clearer indications about planting trends.

Grain markets were also watching for weekly U.S. export data...

Communications and Transportation

20.04.2018

Kazakhstan amends agreement with US on cargo transit to Afghanistan

The deputies of the Senate of the Kazakh parliament ratified the protocol on amending the intergovernmental agreement with the United States on providing commercial rail transit of special cargo through Kazakhstan, regarding US participation in efforts to stabilize and restore Afghanistan, Russian media outlets reported.

The bill was considered and approved...

The deputies of the Senate of the Kazakh parliament ratified the protocol on amending the intergovernmental agreement with the United States on providing commercial rail transit of special cargo through Kazakhstan, regarding US participation in efforts to stabilize and restore Afghanistan, Russian media outlets reported.

The bill was considered and approved...

20.04.2018

Transportation of metals in the rolling stock of Russian Federal Freight Company increased by 12%

According to the results of the I quarter of 2018, the transportation of metals in the rolling stock of FFC, including to and fr om Kazakhstan, increased by 12% against the previous year, to 4 million tons. The share of metal shipments in the total loading of FGC in the reporting...

According to the results of the I quarter of 2018, the transportation of metals in the rolling stock of FFC, including to and fr om Kazakhstan, increased by 12% against the previous year, to 4 million tons. The share of metal shipments in the total loading of FGC in the reporting...

20.04.2018

Russia launches military satellite to improve Internet access

Russia has successfully put into orbit its second military communication satellite of the Blagovest series, the builder of the satellite said Thursday.

"The launch of the Proton-M rocket with the telecommunication satellite Blagovest No. 12 aboard took place at the Baikonur cosmodrome at 1:12 a.m. Moscow time on Thursday (2212 GMT...

Russia has successfully put into orbit its second military communication satellite of the Blagovest series, the builder of the satellite said Thursday.

"The launch of the Proton-M rocket with the telecommunication satellite Blagovest No. 12 aboard took place at the Baikonur cosmodrome at 1:12 a.m. Moscow time on Thursday (2212 GMT...

20.04.2018

Kazakh communication ministry to pursue 83 percent nationwide digital literacy by 2022

The Ministry of Information and Communication has developed a plan to increase Kazakhstan’s digital literacy rate to 83 percent by 2022.

The goal to better equip the Kazakh public to use information technologies in daily life and work is a central aspect of the national Digital Kazakhstan programme.

“We have identified two...

The Ministry of Information and Communication has developed a plan to increase Kazakhstan’s digital literacy rate to 83 percent by 2022.

The goal to better equip the Kazakh public to use information technologies in daily life and work is a central aspect of the national Digital Kazakhstan programme.

“We have identified two...

Regional News

20.04.2018

Kandym Gas Processing Complex commissioned in Uzbekistan

Shavkat Mirziyoyev, two years ago, on 19 April 2016, launched the construction of Kandym Gas Processing Complex in Bukhara region. For the past time, a large industrial complex and a small town have been built here.

The opening ceremony of this complex took place on April 19, 2018. The President of...

Shavkat Mirziyoyev, two years ago, on 19 April 2016, launched the construction of Kandym Gas Processing Complex in Bukhara region. For the past time, a large industrial complex and a small town have been built here.

The opening ceremony of this complex took place on April 19, 2018. The President of...

20.04.2018

Russia and Uzbekistan finalise intergovernmental agreement on oil supplies

Russia and Uzbekistan are completing an intergovernmental agreement on the supply of Russian oil to the republic, Russian Energy Minister Alexander Novak said on Thursday.

"Discussion of an intergovernmental agreement on oil supplies to Uzbekistan is at the final stage," he said.

Reported by Tass (Russia).

...

Russia and Uzbekistan are completing an intergovernmental agreement on the supply of Russian oil to the republic, Russian Energy Minister Alexander Novak said on Thursday.

"Discussion of an intergovernmental agreement on oil supplies to Uzbekistan is at the final stage," he said.

Reported by Tass (Russia).

...
20.04.2018

Uzbekistan plans to sign documents on construction of NPP with Russia in 2018

Uzbekistan in 2018 plans to sign documents with Russia on the construction of a nuclear power plant (NPP) on the territory of the republic, President of Uzbekistan Shavkat Mirziyoyev said on Thursday.

"I think this year we will sign the documents on launching construction of a nuclear power plant," he said.

Reported...

Uzbekistan in 2018 plans to sign documents with Russia on the construction of a nuclear power plant (NPP) on the territory of the republic, President of Uzbekistan Shavkat Mirziyoyev said on Thursday.

"I think this year we will sign the documents on launching construction of a nuclear power plant," he said.

Reported...

20.04.2018

Uzbekistan to supply cars and fruits to Mongolia

The JSC Uzavtosanoat leadership signed an agreement with Mongolia on export of its cars and fruits, the Embassy of Uzbekistan in Mongolia said.

The document was signed during the meeting of the Mongolian delegation with the leadership of Uzavtosanoat in Tashkent.

During the talks, representatives of the Nomin Holding Mongolian company and...

The JSC Uzavtosanoat leadership signed an agreement with Mongolia on export of its cars and fruits, the Embassy of Uzbekistan in Mongolia said.

The document was signed during the meeting of the Mongolian delegation with the leadership of Uzavtosanoat in Tashkent.

During the talks, representatives of the Nomin Holding Mongolian company and...

20.04.2018

China positive on foreign trade outlook

China's foreign trade outlook remains positive despite seasonal fluctuations and uncertainty arising from protectionism, the Ministry of Commerce (MOC) said Thursday.

"The trend of steady development with a positive outlook for the country's foreign trade has not changed," MOC spokesperson Gao Feng told a press conference.

He said the trade deficit recorded...

China's foreign trade outlook remains positive despite seasonal fluctuations and uncertainty arising from protectionism, the Ministry of Commerce (MOC) said Thursday.

"The trend of steady development with a positive outlook for the country's foreign trade has not changed," MOC spokesperson Gao Feng told a press conference.

He said the trade deficit recorded...

20.04.2018

China reports steady growth in fiscal revenue

China posted stable growth in its fiscal revenue in the first quarter of 2018, official data showed, adding to evidence of a solid economy.

The fiscal revenue rose 13.6 percent year on year to 5.05 trillion yuan (more than 800 billion U.S. dollars) in the January-March period, the Ministry of Finance...

China posted stable growth in its fiscal revenue in the first quarter of 2018, official data showed, adding to evidence of a solid economy.

The fiscal revenue rose 13.6 percent year on year to 5.05 trillion yuan (more than 800 billion U.S. dollars) in the January-March period, the Ministry of Finance...

20.04.2018

China-Russia trade may top 100 bln USD this year

China-Russia trade is likely to exceed 100 billion U.S. dollars this year, after an increase of nearly 30 percent in the first quarter, a spokesman with the Ministry of Commerce said Thursday.

"China-Russian relations are mature and stable, and will not be affected by the external environment," spokesman Gao Feng said...

China-Russia trade is likely to exceed 100 billion U.S. dollars this year, after an increase of nearly 30 percent in the first quarter, a spokesman with the Ministry of Commerce said Thursday.

"China-Russian relations are mature and stable, and will not be affected by the external environment," spokesman Gao Feng said...

20.04.2018

Russia exported nearly 50 mln tonnes of grains — Centre for Grain Quality Assurance

According to regional divisions of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), since the beginning of 2017/18 MY (July 1), and as of April 17, the exports of Russian grains and its by-products (including movement at the territory of the Customs Union countries) reached 49.5 mln tonnes, an...

According to regional divisions of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), since the beginning of 2017/18 MY (July 1), and as of April 17, the exports of Russian grains and its by-products (including movement at the territory of the Customs Union countries) reached 49.5 mln tonnes, an...

20.04.2018

Russia & Iran drop dollar trade by extending oil-for-goods supply agreement

The first delivery of Iranian crude oil to Russia under the oil-for-goods program has been completed and the sides aim to extend the deal for five years, according to Russian Energy Ministry Aleksander Novak.

“The agreement is effective; it has been extended for the year, but in general, we think it...

The first delivery of Iranian crude oil to Russia under the oil-for-goods program has been completed and the sides aim to extend the deal for five years, according to Russian Energy Ministry Aleksander Novak.

“The agreement is effective; it has been extended for the year, but in general, we think it...

20.04.2018

Kyrgyzstan’s government resigns

President of Kyrgyzstan Sooronbai Jeenbekov signed the decree on the resignation of the Government of the Kyrgyz Republic, the press service of the Kyrgyz President reported.

According to the decree, the persons who held the posts of prime minister, vice prime ministers, members of the government, will continue to fulfill their...

President of Kyrgyzstan Sooronbai Jeenbekov signed the decree on the resignation of the Government of the Kyrgyz Republic, the press service of the Kyrgyz President reported.

According to the decree, the persons who held the posts of prime minister, vice prime ministers, members of the government, will continue to fulfill their...

20.04.2018

Mongolia exports 1.85 mln barrels of crude oil in Q1

Mongolia exported 1.85 million barrels or 251,000 tons of crude oil in the first quarter of this year, the Ministry of Mining and Heavy Industry reported.

Mongolia is planning to extract 8.1 million barrels or 1.1 million tons of crude oil this year, which would contribute 223.4 billion Mongolian Tugrik (93.31...

Mongolia exported 1.85 million barrels or 251,000 tons of crude oil in the first quarter of this year, the Ministry of Mining and Heavy Industry reported.

Mongolia is planning to extract 8.1 million barrels or 1.1 million tons of crude oil this year, which would contribute 223.4 billion Mongolian Tugrik (93.31...

Prices and Statistics

20.04.2018

Commodities

Date: April 20, 2018; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 68.05 -0.24 -0.35% May 2018 1:31 AM
CO1:COMBrent Crude (ICE) USD/bbl. 73.61 -0.17 -0.23% Jun 2018 1:34 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 207.68 -0.06 -0.03% May 2018 1:33 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.67 +0.01 +0.45% May 2018 1:34 AM
HO1:COMHeating Oil (Nymex) USd/gal. 210.88 -0.06 -0.03% May 2018 1:12 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,345.00 -3.80 -0.28% Jun 2018 1:34 AM
XAUUSD:CURGold Spot USD/t oz. 1,342.47 -3.06 -0.23% N/A 1:45 AM
SI1:COMSilver (Comex) USD/t oz. 17.20 -0.04 -0.23% May 2018 1:35 AM
HG1:COMCopper (Comex) USd/lb. 314.00 -1.40 -0.44% Jul 2018 1:34 AM
XPTUSD:CURPlatinum Spot USD/t oz. 936.48 +0.06 +0.01% N/A 1:45 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 390.25 -0.75 -0.19% Jul 2018 1:07 AM
W 1:COMWheat (CBOT) USd/bu. 486.75 -4.00 -0.82% Jul 2018 1:34 AM
CC1:COMCocoa (ICE) USD/MT 2,799.00 -1.00 -0.04% Jul 2018 4/19/2018
CT1:COMCotton #2 (ICE) USd/lb. 83.20 +0.38 +0.46% Jul 2018 1:34 AM
LC1:COMLive Cattle (CME) USd/lb. 103.00 -2.27 -2.16% Jun 2018 4/19/2018

Date: April 20, 2018; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 68.05 -0.24 -0.35% May 2018 1:31 AM
CO1:COMBrent Crude (ICE) USD/bbl. 73.61 -0.17 -0.23% Jun 2018 1:34 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 207.68 -0.06 -0.03% May 2018 1:33 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.67 +0.01 +0.45% May 2018 1:34 AM
HO1:COMHeating Oil (Nymex) USd/gal. 210.88 -0.06 -0.03% May 2018 1:12 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,345.00 -3.80 -0.28% Jun 2018 1:34 AM
XAUUSD:CURGold Spot USD/t oz. 1,342.47 -3.06 -0.23% N/A 1:45 AM
SI1:COMSilver (Comex) USD/t oz. 17.20 -0.04 -0.23% May 2018 1:35 AM
HG1:COMCopper (Comex) USd/lb. 314.00 -1.40 -0.44% Jul 2018 1:34 AM
XPTUSD:CURPlatinum Spot USD/t oz. 936.48 +0.06 +0.01% N/A 1:45 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 390.25 -0.75 -0.19% Jul 2018 1:07 AM
W 1:COMWheat (CBOT) USd/bu. 486.75 -4.00 -0.82% Jul 2018 1:34 AM
CC1:COMCocoa (ICE) USD/MT 2,799.00 -1.00 -0.04% Jul 2018 4/19/2018
CT1:COMCotton #2 (ICE) USd/lb. 83.20 +0.38 +0.46% Jul 2018 1:34 AM
LC1:COMLive Cattle (CME) USd/lb. 103.00 -2.27 -2.16% Jun 2018 4/19/2018
20.04.2018

Exchange Rates

Date: April 20, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 325.79
1 EURO EUR / KZT 402.94
1 RUSSIAN ROUBLE RUB / KZT 5.33
1 CHINESE YUAN CNY / KZT 51.9
1 KYRGYZIAN SOM KGS / KZT 4.76
1 GREAT BRITAIN POUND GBP / KZT 462.46
1 CANADIAN DOLLAR CAD / KZT 258.28
1 AUSTRALIAN DOLLAR AUD / KZT 254.02

Date: April 20, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

325.79

1 EURO

EUR / KZT

402.94

1 RUSSIAN ROUBLE

RUB / KZT

5.33

1 CHINESE YUAN

CNY / KZT

51.9

1 KYRGYZIAN SOM

KGS / KZT

4.76

1 GREAT BRITAIN POUND

GBP / KZT

462.46

1 CANADIAN DOLLAR

CAD / KZT

258.28

1 AUSTRALIAN DOLLAR

AUD / KZT

254.02