Issue 2886 - 15.12.2017
15.12.2017

Samruk-Kazyna wants to "infect" Kazakh Government with philosophy of transformation

The state bodies of Kazakhstan are interested in applying the experience of JSC "NWF Samruk-Kazyna" on transformation in its activities. This was reported by Managing Director of the Fund for Interaction with the Government Nurlan Rakhmetov, speaking at an expanded meeting under the banner Cultural Code of Samruk-Kazyna. Reinvention, Kazpravda.kz reports.

"In terms of long-term relations, as partners, I would like to note that the state bodies are interested in what is happening in our fund. It is important that this ideology of changes spreads outside the fund. We would like the philosophy of transformation to "infect" everyone, including the government, and government agencies are already coming to us and ask to share our experience," Rakhmetov said.

At the same time, he noted that the exchange had already taken place within the framework of cooperation with the Prosecutor General's Office of the Republic of Kazakhstan and the Ministry of Internal Affairs.

He also noted that some employees of the fund went to work in the Prosecutor General's Office, in order to implement the program of transformation.

Recall, in September 2014 the Board of Directors of Samruk-Kazyna JSC approved the Program of Transformation. Six national companies are involved in the transformation.

The main and key indicator of the transformation process is the added economic value - EVA. A positive EVA characterizes the effective use of capital and indicates an increase in the value of the company.

On Thursday, RK Prime Minister Bakytzhan Sagintayev held a regular meeting of the Board of Directors of the National Welfare Fund "Samruk-Kazyna", Kazpravda.kz reports with reference to the press service of the head of the Government of the Republic of Kazakhstan.

During the meeting, a progress of the Transformation Programe, a comprehensive privatization plan and preparations for the IPO of the Fund's assets were discussed.

The work Plan and the annual budget of the Fund for 2018 were approved, and a report on the work of the Internal Audit Service for 9 months of 2017 was heard.

Written by Inga Selezneva for the Kazakhstanskaya Pravda.

Kazakhstan General

15.12.2017

Senate returned draft Code of Administrative Offenses with amendments to Lower House

The Senate amended the bill "On Amendments and Additions to the Code of the Republic of Kazakhstan on Administrative Offenses" and returned it to the Majilis, Kazpravda.kz correspondent reports.

"During the work on the draft law, the Senate made amendments and additions, aimed at distribution of competence to review cases of...

The Senate amended the bill "On Amendments and Additions to the Code of the Republic of Kazakhstan on Administrative Offenses" and returned it to the Majilis, Kazpravda.kz correspondent reports.

"During the work on the draft law, the Senate made amendments and additions, aimed at distribution of competence to review cases of...

15.12.2017

Nigmatulin called bill on provisions “honeypot” for mediators

Speaker of Parliament Nurlan Nigmatulin said that provisions of the draft law On Standardisation will create a "honeypot" for mediators, the Kazakhstanskaya pravda reports.

During the debate on the bill, deputy Askar Bazarbaev raised an objection to the provision that along with the national body on standardization, individuals and legal entities...

Speaker of Parliament Nurlan Nigmatulin said that provisions of the draft law On Standardisation will create a "honeypot" for mediators, the Kazakhstanskaya pravda reports.

During the debate on the bill, deputy Askar Bazarbaev raised an objection to the provision that along with the national body on standardization, individuals and legal entities...

15.12.2017

Kazakhstan reiterates support for UN resolutions concerning status of Jerusalem

Kazakh Senate Chair Kassym-Jomart Tokayev told an emergency summit of the Organisation of Islamic Cooperation Dec. 13 that Kazakhstan supports UN Security Council and the UN General Assembly resolutions regarding the status of East Jerusalem as an integral part of the State of Palestine.

“Kazakhstan welcomes all peacekeeping efforts aimed at...

Kazakh Senate Chair Kassym-Jomart Tokayev told an emergency summit of the Organisation of Islamic Cooperation Dec. 13 that Kazakhstan supports UN Security Council and the UN General Assembly resolutions regarding the status of East Jerusalem as an integral part of the State of Palestine.

“Kazakhstan welcomes all peacekeeping efforts aimed at...

Oil and Gas Sector

15.12.2017

Kazakhstani gas exports, stable, reliable

On the eve of the Independence Day of the Republic of Kazakhstan, the new compressor station No. 3 was put into operation by the national company KazMunaiGas on the C section of the Kazakhstan-China main gas pipeline. The new high-tech gas infrastructure of the country will make even more reliable...

On the eve of the Independence Day of the Republic of Kazakhstan, the new compressor station No. 3 was put into operation by the national company KazMunaiGas on the C section of the Kazakhstan-China main gas pipeline. The new high-tech gas infrastructure of the country will make even more reliable...

15.12.2017

Aktobe province suffers once more from fuel shortages

Attention was paid by the head of Aktobe region Berdybek Saparbayev during a meeting held with the participation of heads of state bodies and companies to insufficiencies in the supply and sale of liquefied gas, Kapital reported.

The Working Group has already begun to fulfil the tasks assigned to it. It...

Attention was paid by the head of Aktobe region Berdybek Saparbayev during a meeting held with the participation of heads of state bodies and companies to insufficiencies in the supply and sale of liquefied gas, Kapital reported.

The Working Group has already begun to fulfil the tasks assigned to it. It...

15.12.2017

Med Crude-Urals stays firm as loading plan for early Jan looms

Kazakhstan’s benchmark Urals crude’s differentials in northwest Europe and the Mediterranean kept stable on Thursday, as traders expect Transneft’s preliminary loading plan for early January to emerge the following day to set trading direction.

Sponsored Stories

Traders also expect to see a Russian export schedule for January-March on Friday or early next...

Kazakhstan’s benchmark Urals crude’s differentials in northwest Europe and the Mediterranean kept stable on Thursday, as traders expect Transneft’s preliminary loading plan for early January to emerge the following day to set trading direction.

Sponsored Stories

Traders also expect to see a Russian export schedule for January-March on Friday or early next...

15.12.2017

Oil prices up slightly on pipeline outage support

Oil prices were up slightly on Thursday as a pipeline outage in Britain continued to lift Brent crude prices.

U.S. West Texas Intermediate futures rose 16 cents, or 0.3 per cent, to $56.76 a barrel.

Brent crude futures were up 47 cents, or 0.8 per cent, at $62.91 a barrel at 11:49...

Oil prices were up slightly on Thursday as a pipeline outage in Britain continued to lift Brent crude prices.

U.S. West Texas Intermediate futures rose 16 cents, or 0.3 per cent, to $56.76 a barrel.

Brent crude futures were up 47 cents, or 0.8 per cent, at $62.91 a barrel at 11:49...

Energy Industry

15.12.2017

Kazakhstan to consolidate energy transmission companies by 2022

The Kazakh government plans to consolidate the country’s electrical grid and reduce the number of energy transmission companies by 30 percent by 2022.

“We expect the number of energy transmission companies to reduce from 160 to 110 and 27 public utilities and 23 private energy transmission enterprises will cease operations by...

The Kazakh government plans to consolidate the country’s electrical grid and reduce the number of energy transmission companies by 30 percent by 2022.

“We expect the number of energy transmission companies to reduce from 160 to 110 and 27 public utilities and 23 private energy transmission enterprises will cease operations by...

Finance and Investment

15.12.2017

Moody’s: stabilised oil prices, GDP growth underpin CIS companies’ stable outlook for 2018; geopolitical risks remain

Firmer oil prices will continue to support GDP growth among Commonwealth of Independent States’ (CIS) members, underpinning the stable outlook on the region’s non-financial corporates, says Moody’s Investors Service in a report published today.

“GDP growth, recovery in oil and other commodity prices, and better domestic demand are driving our stable...

Firmer oil prices will continue to support GDP growth among Commonwealth of Independent States’ (CIS) members, underpinning the stable outlook on the region’s non-financial corporates, says Moody’s Investors Service in a report published today.

“GDP growth, recovery in oil and other commodity prices, and better domestic demand are driving our stable...

15.12.2017

Senate passed law on return of $38m by Georgia to Kazakhstan before 2025

Kazakhstan Senate adopted the law "On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on the re-structuring of the debts of the Government of Georgia on state loans granted to the Government of Georgia by the Government of the Republic of...

Kazakhstan Senate adopted the law "On ratification of the Agreement between the Government of the Republic of Kazakhstan and the Government of Georgia on the re-structuring of the debts of the Government of Georgia on state loans granted to the Government of Georgia by the Government of the Republic of...

Metals and Minerals

15.12.2017

ArcelorMittal Temirtau sues striking miners' trade unions

ArcelorMittal Temirtau filed a lawsuit against the trade unions of coal miners who are on a mass strike since December 11.

About 200 coal miners in Kazakhstan refused to leave four mines operated by a unit of ArcelorMittal at the end of their shift on Monday and staged a sit-in, the...

ArcelorMittal Temirtau filed a lawsuit against the trade unions of coal miners who are on a mass strike since December 11.

About 200 coal miners in Kazakhstan refused to leave four mines operated by a unit of ArcelorMittal at the end of their shift on Monday and staged a sit-in, the...

15.12.2017

ArcelorMittal Temirtau miners came out to the surface after 30-percent raise in salaries

ArcelorMittal Temirtau coal miners ended strike and all persons remaining underground came out to the surface on 1am December 15, the press service of the Karaganda akimat said.

The first miners to come up to the surface were employees of the Kazakhstanskaya mine. They agreed to end strike following their meeting...

ArcelorMittal Temirtau coal miners ended strike and all persons remaining underground came out to the surface on 1am December 15, the press service of the Karaganda akimat said.

The first miners to come up to the surface were employees of the Kazakhstanskaya mine. They agreed to end strike following their meeting...

15.12.2017

Kazatomprom sells its stake in Caustic JSC

NAC Kazatomprom JSC announces sale of its 40% stake in Caustic JSC. 

The tender documentation and Notice to the open two-stage tender are posted on the web portal of NAC Kazatomprom JSC. The starting price for 40% of shares is three billion seven hundred twenty million six hundred and eight thousand...

NAC Kazatomprom JSC announces sale of its 40% stake in Caustic JSC. 

The tender documentation and Notice to the open two-stage tender are posted on the web portal of NAC Kazatomprom JSC. The starting price for 40% of shares is three billion seven hundred twenty million six hundred and eight thousand...

15.12.2017

Copper near two-week high as China data supports

Copper hit a near two-week high on Thursday on global growth hopes following upbeat manufacturing data from top metals consumer China, while a weaker dollar lent support.

China's industrial output expanded at a faster pace in November than markets had expected as growth in the world's second-largest economy remained resilient, supported...

Copper hit a near two-week high on Thursday on global growth hopes following upbeat manufacturing data from top metals consumer China, while a weaker dollar lent support.

China's industrial output expanded at a faster pace in November than markets had expected as growth in the world's second-largest economy remained resilient, supported...

15.12.2017

Gold edges back from one-week high after strong U.S. data

Gold pulled back from a one-week high on Thursday after the dollar rebounded following strong U.S. retail sales data.

U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start.

"We have not seen this strong pace of strength for the U.S. retail...

Gold pulled back from a one-week high on Thursday after the dollar rebounded following strong U.S. retail sales data.

U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start.

"We have not seen this strong pace of strength for the U.S. retail...

Manufacturing industry

15.12.2017

Kazakhstan industrial production up 7.3%

Kazakhstan industrial production in January-November 2017 rose 7.3% compared with the same period in 2016, Kazinform reports referring to the Statistics Committee of the Ministry of National Economy.

In the reporting period, mining and quarrying production gained 9.6%, manufacturing rose 5.2%, electricity, gas, steam and air conditioning 5%, while water supply,...

Kazakhstan industrial production in January-November 2017 rose 7.3% compared with the same period in 2016, Kazinform reports referring to the Statistics Committee of the Ministry of National Economy.

In the reporting period, mining and quarrying production gained 9.6%, manufacturing rose 5.2%, electricity, gas, steam and air conditioning 5%, while water supply,...

15.12.2017

New industrial zone opened in Kostanay

A new industrial zone was opened in Kostanai. There are terms and conditions specially designed for investors. Businesses are provided with a land plot and infrastructure for construction. Entrepreneurs can use services of a bank and notary. According to experts, in 3-4 years the industrial zone will turn into a...

A new industrial zone was opened in Kostanai. There are terms and conditions specially designed for investors. Businesses are provided with a land plot and infrastructure for construction. Entrepreneurs can use services of a bank and notary. According to experts, in 3-4 years the industrial zone will turn into a...

Trade and Consumer Goods

15.12.2017

In 2017/18 MY, Kazakhstan records flat export volumes of wheat compared with last season

According to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in July-October of 2017/18 MY Kazakhstan exported 1.1 mln tonnes of wheat, in line with the same period last season.

At the same time in the reporting period logistical difficulties, namely the deficit of grain rail...

According to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in July-October of 2017/18 MY Kazakhstan exported 1.1 mln tonnes of wheat, in line with the same period last season.

At the same time in the reporting period logistical difficulties, namely the deficit of grain rail...

15.12.2017

Kazakhstan: in January-November, flour production volumes increased

In January-November of 2017, flour production volumes in Kazakhstan totaled 3.739 mln tonnes, an increase of 5.1% compared with the same period last year, declared the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan on December 13.

Also in the reporting period the country produced 64...

In January-November of 2017, flour production volumes in Kazakhstan totaled 3.739 mln tonnes, an increase of 5.1% compared with the same period last year, declared the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan on December 13.

Also in the reporting period the country produced 64...

15.12.2017

Kazakhstan uses new rail link to step up agro exports to Iran

Kazakhstan exported more than 100,000 tonnes of grain to Iran in 10 months of 2017. The growth of indicators is the evidence that Kazakhstan’s products are in demand abroad. In addition to supplying grain to the Islamic Republic, Kazakhstani agricultural producers export 2,000 tonnes of frozen mutton and 200,000 tonnes...

Kazakhstan exported more than 100,000 tonnes of grain to Iran in 10 months of 2017. The growth of indicators is the evidence that Kazakhstan’s products are in demand abroad. In addition to supplying grain to the Islamic Republic, Kazakhstani agricultural producers export 2,000 tonnes of frozen mutton and 200,000 tonnes...

15.12.2017

Kazakhstan planning to build large seed oil extraction plant

A new seed oil extraction plant is to be built in Kostanay region of the Republic of Kazakhstan. Its capacity will equal 7 KMT of finished products a year. Three plants of this sort already operate in the region, reports UkrAgroConsult.

According to the report, over KZT 33...

A new seed oil extraction plant is to be built in Kostanay region of the Republic of Kazakhstan. Its capacity will equal 7 KMT of finished products a year. Three plants of this sort already operate in the region, reports UkrAgroConsult.

According to the report, over KZT 33 Bl has been...

15.12.2017

Black Sea grain exports in the conditions of growing freight rates

The end of the current year features a rather sharp rise in freight rates. This affects the competitive position of grains from different regions depending on the end market.

Regarding the Black Sea region, we cannot say that the freight rate increase considerably impacts the volume of grain exports there. Despite...

The end of the current year features a rather sharp rise in freight rates. This affects the competitive position of grains from different regions depending on the end market.

Regarding the Black Sea region, we cannot say that the freight rate increase considerably impacts the volume of grain exports there. Despite...

15.12.2017

Agrarians of South Kazakhstan count on poultry farming

During a working trip to the Tolebi district, deputies of the regional assembly, headed by the governor of the South Kazakhstan region Zhanseit Tuymebayev, got acquainted with the implementation of state programmes in the region.

In the rural district of Kiyelitas the group got acquainted with the progress of the construction...

During a working trip to the Tolebi district, deputies of the regional assembly, headed by the governor of the South Kazakhstan region Zhanseit Tuymebayev, got acquainted with the implementation of state programmes in the region.

In the rural district of Kiyelitas the group got acquainted with the progress of the construction...

15.12.2017

Global agro markets: U.S. soya futures drop on Argentine rain view; wheat, corn flat

U.S. soyabean futures sagged to their lowest in more than four weeks on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said.

Wheat and corn futures were hovering near unchanged, steadying after short-covering bounces.

The most-active soyabean contract on the Chicago Board of Trade was down 0.9 percent.

"Argentina's dry...

U.S. soyabean futures sagged to their lowest in more than four weeks on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said.

Wheat and corn futures were hovering near unchanged, steadying after short-covering bounces.

The most-active soyabean contract on the Chicago Board of Trade was down 0.9 percent.

"Argentina's dry...

15.12.2017

Trade turnover between Kazakhstan and EAEU countries grows by 28.1pct

According to preliminary data, the mutual trade between Kazakhstan and the Eurasian Economic Union Member States amounted to $13.97 billion from January to October 2017, which is 28.1% higher than in the same period of 2016, Kazinform cites the Statistics Committee of the Kazakh Ministry of National Economy.

For the reporting...

According to preliminary data, the mutual trade between Kazakhstan and the Eurasian Economic Union Member States amounted to $13.97 billion from January to October 2017, which is 28.1% higher than in the same period of 2016, Kazinform cites the Statistics Committee of the Kazakh Ministry of National Economy.

For the reporting...

15.12.2017

Putin proposes setting up joint customs checkpoints between EAEU countries

Russian President Vladimir Putin on Thursday stated that despite the criticisms, the Eurasian Economic Union (EAEU) is a great accomplishment.

Putin said numbers show that the establishment of the EAEU was a right decision. For example, as per the Russian president, Russia’s GDP grew by 1.6 percent while the overall GDP...

Russian President Vladimir Putin on Thursday stated that despite the criticisms, the Eurasian Economic Union (EAEU) is a great accomplishment.

Putin said numbers show that the establishment of the EAEU was a right decision. For example, as per the Russian president, Russia’s GDP grew by 1.6 percent while the overall GDP...

Communications and Transportation

15.12.2017

Sagintayev met with chairman of board of directors of Orascom TMT

Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met with the chairman of the board of directors of Orascom TMT Nagib Sawiris, Kazpravda.kz reports with reference to the press service of the head of the RK Government.

During the meeting, the issues of cooperation with the company in the telecommunications...

Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met with the chairman of the board of directors of Orascom TMT Nagib Sawiris, Kazpravda.kz reports with reference to the press service of the head of the RK Government.

During the meeting, the issues of cooperation with the company in the telecommunications...

15.12.2017

The current year was the most successful for air carriers in the last 5 years

The participants of the Kazakhstan air market are completing the year with a positive note. This year the activity in the air transportation sector has shown a sharp increase, as passenger turnover has reached peak levels, and incomes have grown accordingly.

In the first 11 months of this year Kazakhstan’s airlines...

The participants of the Kazakhstan air market are completing the year with a positive note. This year the activity in the air transportation sector has shown a sharp increase, as passenger turnover has reached peak levels, and incomes have grown accordingly.

In the first 11 months of this year Kazakhstan’s airlines...

15.12.2017

Kazakh and Russian railways increase China-Europe container transit

On December 13, Kanat Alpysbaev, the head of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ), took part in a meeting of the Board of JSC Russian Railways, where he spoke about the present high level of integration of the railways of Kazakhstan and Russia, KTZ’s press office said.

Alpysbayev said...

On December 13, Kanat Alpysbaev, the head of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ), took part in a meeting of the Board of JSC Russian Railways, where he spoke about the present high level of integration of the railways of Kazakhstan and Russia, KTZ’s press office said.

Alpysbayev said...

15.12.2017

Russian spacecraft’s descent capsule with three ISS crewmembers lands in Kazakhstan

The descent capsule of the Russian Soyuz MS-05 spacecraft with three crewmembers of the International Space Station (ISS) has landed in Kazakhstan's steppe 147 km southeast of the city of Zhezkazgan, TASS reports with reference to Russia's Flight Control Center on Thursday.

"The descent capsule with Roscosmos cosmonaut...

The descent capsule of the Russian Soyuz MS-05 spacecraft with three crewmembers of the International Space Station (ISS) has landed in Kazakhstan's steppe 147 km southeast of the city of Zhezkazgan, TASS reports with reference to Russia's Flight Control Center on Thursday.

"The descent capsule with Roscosmos cosmonaut Sergei Ryazansky, NASA...

15.12.2017

Kazakhstan, Germany agree on preliminary issue of transit permits for 2018

Kazakhstan and Germany agreed on a preliminary exchange of transit permits for 2018, Kazinform has learned from Ministry of Investment and Development of Kazakhstan.

According to the Ministry, the sides agreed to issue 12,250 permits for the Kazakh side and 6,000 thousand for the German side, as well as 1,000 third-country...

Kazakhstan and Germany agreed on a preliminary exchange of transit permits for 2018, Kazinform has learned from Ministry of Investment and Development of Kazakhstan.

According to the Ministry, the sides agreed to issue 12,250 permits for the Kazakh side and 6,000 thousand for the German side, as well as 1,000 third-country...

Education and Science

15.12.2017

Science in Kazakhstan carries a value: the volume of research and development services grew by 7% on-year

According to the results of three quarters of this year, the revenue generated by services in research and development reached KZT75 billion, which is 6.9% more than in the same period a year earlier.

Almost 74% of services in the sector fell on two key metropolises Almaty (KZT30 billion, +27.8% on-year)...

According to the results of three quarters of this year, the revenue generated by services in research and development reached KZT75 billion, which is 6.9% more than in the same period a year earlier.

Almost 74% of services in the sector fell on two key metropolises Almaty (KZT30 billion, +27.8% on-year)...

Tourism

15.12.2017

Altai Alps ski resort welcomes visitors to enjoy winter activities, improve skills

With its gorgeous mountain views and large variety of slopes for outdoor enthusiasts, a tour of the East Kazakhstan region is the perfect winter trip idea. Located 24 kilometres from Ust-Kamenogorsk, the Altai Alps ski resort is an amazing and affordable vacation destination for families and friends.

The cozy and remote...

With its gorgeous mountain views and large variety of slopes for outdoor enthusiasts, a tour of the East Kazakhstan region is the perfect winter trip idea. Located 24 kilometres from Ust-Kamenogorsk, the Altai Alps ski resort is an amazing and affordable vacation destination for families and friends.

The cozy and remote...

Regional News

15.12.2017

President Xi urges innovation in manufacturing sector

Chinese President Xi Jinping called for more innovation in the equipment manufacturing sector to accelerate China's drive toward becoming a manufacturing powerhouse and bolster the real economy.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during...

Chinese President Xi Jinping called for more innovation in the equipment manufacturing sector to accelerate China's drive toward becoming a manufacturing powerhouse and bolster the real economy.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks during...

15.12.2017

China's industrial output maintains steady growth in November

China's industrial output posted steady growth in November, with progress in structural upgrading, official data showed Thursday.

The output expanded 6.1 percent year on year in November, slightly down from a 6.2-percent increase in October, according to the National Bureau of Statistics (NBS).

On a month-on-month basis, industrial output edged up 0.48...

China's industrial output posted steady growth in November, with progress in structural upgrading, official data showed Thursday.

The output expanded 6.1 percent year on year in November, slightly down from a 6.2-percent increase in October, according to the National Bureau of Statistics (NBS).

On a month-on-month basis, industrial output edged up 0.48...

15.12.2017

Russia's LNG project may mean golden age for energy cooperation with China

Russia's $27 billion gas project in the Arctic landmark project will help shore up Moscow's energy cooperation with China, but it's purely a business deal that will help relieve acute shortages of natural gas in China.

To reduce air pollution, China this year adopted stringent measures restricting the use of coal. As...

Russia's $27 billion gas project in the Arctic landmark project will help shore up Moscow's energy cooperation with China, but it's purely a business deal that will help relieve acute shortages of natural gas in China.

To reduce air pollution, China this year adopted stringent measures restricting the use of coal. As...

15.12.2017

The gas that came in from the cold: Britain turns to sanctioned Russian energy to avoid big freeze

With gas supplies crippled amid a freezing winter by the shutdown of a major pipeline, the UK has apparently turned to a Russian project targeted by US sanctions, with reports indicating that a deal was struck for a shipment of gas by the end of December.

Some 170,000 cubic meters of...

With gas supplies crippled amid a freezing winter by the shutdown of a major pipeline, the UK has apparently turned to a Russian project targeted by US sanctions, with reports indicating that a deal was struck for a shipment of gas by the end of December.

Some 170,000 cubic meters of...

15.12.2017

Sberbank CEO says he does not believe in banks

CEO of Russia’s largest savings bank Sberbank Herman Gref said he does not believe in banks and thinks that any technology related company can learn how to grant banking services. Speaking at the Investors Day in London he said:

"I do not believe in banks. If you tell me that a...

CEO of Russia’s largest savings bank Sberbank Herman Gref said he does not believe in banks and thinks that any technology related company can learn how to grant banking services. Speaking at the Investors Day in London he said:

"I do not believe in banks. If you tell me that a...

15.12.2017

Trump’s tax plan may push EU to lift anti-Russian sanctions

US President Trump’s tax reform might turn America into an attractive tax haven. However, foreign manufacturers fear that the reform package might make them uncompetitive, since they will have to either accept double taxation, or require their authorities to enter into a tax dumping race with the United States, Nezavisimaya...

US President Trump’s tax reform might turn America into an attractive tax haven. However, foreign manufacturers fear that the reform package might make them uncompetitive, since they will have to either accept double taxation, or require their authorities to enter into a tax dumping race with the United States, Nezavisimaya...

15.12.2017

Iran to Join Eurasian Economic Union – Diplomatic Sources

Iran is finalising its agreements to join the EAEU, and could be a full member as early as February of 2018.

Iranian media has cited a statement from Behrouz Hassanolfat, the director of Europe and Americas Department of Iran’s Trade Promotion Organization, indicating that Iran will formally join the Eurasian Economic Union...

Iran is finalising its agreements to join the EAEU, and could be a full member as early as February of 2018.

Iranian media has cited a statement from Behrouz Hassanolfat, the director of Europe and Americas Department of Iran’s Trade Promotion Organization, indicating that Iran will formally join the Eurasian Economic Union...

15.12.2017

SCO – way forward for regional connectivity

It was a cold winter morning in Sochi, Russia, when top leaders of 18 Asian states gathered to further synergise their respective strategies of trade and development through regional connectivity.

The occasion was the 16th meeting of the Council of the Heads of Governments of the Shanghai Cooperation Organization (SCO) held...

It was a cold winter morning in Sochi, Russia, when top leaders of 18 Asian states gathered to further synergise their respective strategies of trade and development through regional connectivity.

The occasion was the 16th meeting of the Council of the Heads of Governments of the Shanghai Cooperation Organization (SCO) held...

15.12.2017

Future lab to unite 6 countries for startup development

Future Laboratory came up with an initiative, at the Global Entrepreneur’s Forum, to unite six countries for mutual start up ecosystem development. The initiative was supported by representatives of Kazakhstan, Kyrgyzstan and Azerbaijan. This ecosystem will provide 80 million users the chance to easily join the foreign market within these...

Future Laboratory came up with an initiative, at the Global Entrepreneur’s Forum, to unite six countries for mutual start up ecosystem development. The initiative was supported by representatives of Kazakhstan, Kyrgyzstan and Azerbaijan. This ecosystem will provide 80 million users the chance to easily join the foreign market within these...

15.12.2017

Tajikistan closes border with Afghanistan

The Tajik authorities closed one of the checkpoints and blocked traffic on 5 bridges across the Pyanj River on the Tajik-Afghan border.

The administration of Khatlon region said that a large territory from Shamsiddini Shokhin district to Gorno-Badakhshan Autonomous Region was temporarily closed for security reasons.

Governor of Badakhshan province of Afghanistan...

The Tajik authorities closed one of the checkpoints and blocked traffic on 5 bridges across the Pyanj River on the Tajik-Afghan border.

The administration of Khatlon region said that a large territory from Shamsiddini Shokhin district to Gorno-Badakhshan Autonomous Region was temporarily closed for security reasons.

Governor of Badakhshan province of Afghanistan...

15.12.2017

EBRD supports Safe Road programme for Tajikistan

The European Bank for Reconstruction and Development (EBRD) is assisting Tajikistan in promoting road safety, the bank reports.

In cooperation with with the Eastern Alliance for Safe and Sustainable Transport (EASST) and the Young Generation of Tajikistan (YGT), the Bank is running a road safety media and public awareness campaign in...

The European Bank for Reconstruction and Development (EBRD) is assisting Tajikistan in promoting road safety, the bank reports.

In cooperation with with the Eastern Alliance for Safe and Sustainable Transport (EASST) and the Young Generation of Tajikistan (YGT), the Bank is running a road safety media and public awareness campaign in...

15.12.2017

Azeris report on oil, gas exports

The presence of different gas and oil supply routes allows Azerbaijan to expand fuel sales volumes in various directions and reduce dependence on one direction, to ensure the country’s energy security.

Diversification of gas and oil supplies is part of the state energy policy of the country.

Thus, Azerbaijan exported 6.894 billion...

The presence of different gas and oil supply routes allows Azerbaijan to expand fuel sales volumes in various directions and reduce dependence on one direction, to ensure the country’s energy security.

Diversification of gas and oil supplies is part of the state energy policy of the country.

Thus, Azerbaijan exported 6.894 billion...

15.12.2017

Azerbaijan gains over $127bn from ACG

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the country’s Azeri-Chirag-Gunashli (ACG) block of oil and gas fields amounted to $127.889 billion from 2001.

The company reported that it received $5.780 billion in the framework of the ACG project during January-November 2017.

 A contract for...

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the country’s Azeri-Chirag-Gunashli (ACG) block of oil and gas fields amounted to $127.889 billion from 2001.

The company reported that it received $5.780 billion in the framework of the ACG project during January-November 2017.

 A contract for...

15.12.2017

Mongolia vows action to get off European Union tax haven blacklist

Mongolia needs to take action at “all levels of government” to get itself removed from a European Union blacklist of tax havens, its foreign minister said, following talks with European counterparts, Reuters reported.

The landlocked nation between China and Russia is one of 17 jurisdictions outside the European Union that risk...

Mongolia needs to take action at “all levels of government” to get itself removed from a European Union blacklist of tax havens, its foreign minister said, following talks with European counterparts, Reuters reported.

The landlocked nation between China and Russia is one of 17 jurisdictions outside the European Union that risk...

15.12.2017

EBRD lends US$ 8 million to Mongolian pharmaceutical manufacturer

The EBRD is lending US$ 8 million to Monos Holding LLC – a holding company of Monos Group, a leading pharmaceutical conglomerate in Mongolia – to help the firm invest in new equipment to expand manufacturing capacity, develop training, and reorganise long-term capital financing to support its wholesale business, the...

The EBRD is lending US$ 8 million to Monos Holding LLC – a holding company of Monos Group, a leading pharmaceutical conglomerate in Mongolia – to help the firm invest in new equipment to expand manufacturing capacity, develop training, and reorganise long-term capital financing to support its wholesale business, the...

Prices and Statistics

15.12.2017

Commodities

Date: December 15, 2017; Source: Bloomberg.com  Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 57.17 +0.13 +0.23% Jan 2018 12:37 AM
CO1:COMBrent Crude (ICE) USD/bbl. 63.34 +0.03 +0.05% Feb 2018 12:37 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 167.84 +0.77 +0.46% Jan 2018 12:14 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.69 +0.01 +0.22% Jan 2018 12:37 AM
HO1:COMHeating Oil (Nymex) USd/gal. 191.07 +0.08 +0.04% Jan 2018 12:25 AM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,256.60 -0.50 -0.04% Feb 2018 12:37 AM
XAUUSD:CURGold Spot USD/t oz. 1,254.94 +1.98 +0.16% N/A 12:48 AM
SI1:COMSilver (Comex) USD/t oz. 15.94 +0.00 +0.01% Mar 2018 12:37 AM
HG1:COMCopper (Comex) USd/lb. 307.85 +0.60 +0.20% Mar 2018 12:38 AM
XPTUSD:CURPlatinum Spot USD/t oz. 881.77 -0.27 -0.03% N/A 12:47 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 349.00 +0.50 +0.14% Mar 2018 12:26 AM
W 1:COMWheat (CBOT) USd/bu. 420.00 +1.75 +0.42% Mar 2018 12:32 AM
CC1:COMCocoa (ICE) USD/MT 1,893.00 +5.00 +0.26% Mar 2018 12/14/2017
CT1:COMCotton #2 (ICE) USd/lb. 75.27 -0.06 -0.08% Mar 2018 12:10 AM
LC1:COMLive Cattle (CME) USd/lb. 119.15 +0.78 +0.65% Feb 2018 12/14/2017

Date: December 15, 2017; Source: Bloomberg.com 

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 57.17 +0.13 +0.23% Jan 2018 12:37 AM
CO1:COMBrent Crude (ICE) USD/bbl. 63.34 +0.03 +0.05% Feb 2018 12:37 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 167.84 +0.77 +0.46% Jan 2018 12:14 AM
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.69 +0.01 +0.22% Jan 2018 12:37 AM
HO1:COMHeating Oil (Nymex) USd/gal. 191.07 +0.08 +0.04% Jan 2018 12:25 AM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,256.60 -0.50 -0.04% Feb 2018 12:37 AM
XAUUSD:CURGold Spot USD/t oz. 1,254.94 +1.98 +0.16% N/A 12:48 AM
SI1:COMSilver (Comex) USD/t oz. 15.94 +0.00 +0.01% Mar 2018 12:37 AM
HG1:COMCopper (Comex) USd/lb. 307.85 +0.60 +0.20% Mar 2018 12:38 AM
XPTUSD:CURPlatinum Spot USD/t oz. 881.77 -0.27 -0.03% N/A 12:47 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 349.00 +0.50 +0.14% Mar 2018 12:26 AM
W 1:COMWheat (CBOT) USd/bu. 420.00 +1.75 +0.42% Mar 2018 12:32 AM
CC1:COMCocoa (ICE) USD/MT 1,893.00 +5.00 +0.26% Mar 2018 12/14/2017
CT1:COMCotton #2 (ICE) USd/lb. 75.27 -0.06 -0.08% Mar 2018 12:10 AM
LC1:COMLive Cattle (CME) USd/lb. 119.15 +0.78 +0.65% Feb 2018 12/14/2017
15.12.2017

Exchange Rates

Date: December 15, 2017; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 334.92
1 EURO EUR / KZT 395.88
1 RUSSIAN ROUBLE RUB / KZT 5.71
1 CHINESE YUAN CNY / KZT 50.69
1 KYRGYZIAN SOM KGS / KZT 4.81
1 CANADIAN DOLLAR CAD / KZT 260.98
1 AUSTRALIAN DOLLAR AUD / KZT 256.45

Date: December 15, 2017; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

334.92

1 EURO

EUR / KZT

395.88

1 RUSSIAN ROUBLE

RUB / KZT

5.71

1 CHINESE YUAN

CNY / KZT

50.69

1 KYRGYZIAN SOM

KGS / KZT

4.81

1 CANADIAN DOLLAR

CAD / KZT

260.98

1 AUSTRALIAN DOLLAR

AUD / KZT

256.45