Issue 3513 - 13.07.2020
13.07.2020

Head of State announced the possible shutdown of RK Government

The Head of State, Kassym-Jomart Tokayev, announced the possible shutdown of the Government of the Republic of Kazakhstan during an extended cabinet meeting.

"The former leadership of the Health Ministry, despite the fact that there was enough time, was not adequately prepared to deal with the epidemic. All of their forecasts on the number of patients and other indicators turned out to be incorrect," the President’s press service quotes the President in Twitter.

"There are gaps in the interpretation of measures taken by the government and akims. It was noted that they do not work at the appropriate level," the President continued.

"No one listened to the opinion of the Chief Sanitary Doctor. There were not enough professional skills and organizational work. As a result, we receive humanitarian assistance and thank foreign experts for their advice," the Head of State emphasized.

"Another problem is that we are constantly changing the way of working. The previous management decided that patients should be divided into symptomatic and asymptomatic. Now we abandoned this method. Such actions raise doubts among the population," said Kassym-Jomart Tokayev.

"The government also made serious mistakes in this regard. I must say openly. The role of digital services during the crisis was not observed at all. Where is the work of the digital commissars?" - the Head of State wondered.

"Since this is an emergency, we must take all necessary measures regarding the pandemic. The recommendations and requirements of the Health Minister should be a priority for other members of the Government and akims. The Health Minister has a special status during the pandemic. I instruct the Government and akimats to report daily to the Ministry and provide information about the fight against the pandemic," the President instructed.

"I hope that the situation will improve in two weeks. Otherwise, the question arises whether the Government is able to work in this composition," the Head of State concluded.

By Kazakhstanskaya Pravda

Positive trends are observed in the fight against coronavirus – Tokayev

In the fight against coronavirus positive trends are observed. This was stated by the Head of State Kassym-Jomart Tokayev during an extended meeting of the Government.

"The current epidemiological situation is of great concern. The situation is very difficult. But the first positive trends are observed. Last week I gave a number of instructions to the government and akims. The State Commission has stepped up its work," the President’s press service quotes the President on Twitter.

"The government and the regions will allocate 150 billion tenge to address urgent issues in the fight against the pandemic. The main task is to curb the rate of coronavirus infection, stop its spread and achieve significant results in treating patients," continued Kassym-Jomart Tokayev.

“Fighting the epidemic will be effective only if strict quarantine measures are observed. We can see this from the experience of foreign countries. In our country, the order in this regard is very weak. Police and health officials must ensure strict compliance with the quarantine regime. This is very important for public health and security of our citizens. Quarantine violators will be prosecuted because they threaten not only their own health, but also the health of others," the Head of State concluded.

By Kazakhstanskaya Pravda

Tokayev ordered to dismiss heads of FSMS and SK-Pharmacy, as well as to conduct an investigation

This was stated by the Head of State Kassym-Jomart Tokayev during an extended meeting of the Government, Kazpravda.kz reports.

"The next important task is to ensure full medical care and access to essential medicines. The Health Ministry made a number of serious mistakes in management. Most akims did not do their job properly, the government did not control it," the President’s press service quotes the head of state as saying in Twitter.

"It is necessary to create a special commission to identify errors and shortcomings. This commission should not interfere with the ongoing joint work, but should conduct an inspection and give me recommendations," Kassym-Jomart Tokayev said.

"Now we must solve the problem of the lack of medicines and the artificial increase in prices. We need to immediately resolve this situation and provide medicines to all regions. Work is in progress. Now we need a result," the President continued.

“It is necessary to conduct an investigation, to bring all those responsible to justice. The heads of the FSMS and SK-Pharmacy must be dismissed and, if necessary, an investigation must be conducted,” the Head of State instructed.

"It is necessary to hold accountable those who want to make a profit in this way during the epidemic. After my instruction, work in this direction has begun. This should be completed. This is a national security issue," the President of Kazakhstan said.

"It is necessary to solve the problem of providing SK-Pharmacy with qualified specialists. It is time to launch the production of many types of medicines and medical devices in Kazakhstan. How long will we depend on imported medicines? Where is our honor?" - the Head of State wondered.

By Kazakhstanskaya Pravda

Kazakhstan General

13.07.2020

Kazakhstan is in mourning for coronavirus victims

Today, on July13, Kazakhstan is holding the Day of National Mourning in memory of those, who lost their live to coronavirus pandemic.

On the Day of the Nationwide Mourning, today at 12:00 Nur Sultan time, a minute of silence will be announced throughout the country.

In a televised address on July 8,...

Today, on July13, Kazakhstan is holding the Day of National Mourning in memory of those, who lost their live to coronavirus pandemic.

On the Day of the Nationwide Mourning, today at 12:00 Nur Sultan time, a minute of silence will be announced throughout the country.

In a televised address on July 8,...

13.07.2020

Kazakh government evaluates socio-economic development in first half of 2020

At an extended government session chaired by the President Kassym-Jomart Tokayev, the Prime Minister Askar Mamin reported on the results of the country's socio-economic development for the first half of 2020 and the measures taken to further develop the economy.

The Head of Government noted that amid global negative trends in...

At an extended government session chaired by the President Kassym-Jomart Tokayev, the Prime Minister Askar Mamin reported on the results of the country's socio-economic development for the first half of 2020 and the measures taken to further develop the economy.

The Head of Government noted that amid global negative trends in...

13.07.2020

Number of unemployed in Kazakhstan reaches 442 thousand people

In the first quarter of this year, there were 442.4 thousand unemployed in Kazakhstan, the indicator decreased by 0.1% on-year. Of these, about 40%, or 176.3 thousand unemployed, live in rural areas.

The main reasons for the unemployment of the population in Kazakhstan are the dismissal of their own free will...

In the first quarter of this year, there were 442.4 thousand unemployed in Kazakhstan, the indicator decreased by 0.1% on-year. Of these, about 40%, or 176.3 thousand unemployed, live in rural areas.

The main reasons for the unemployment of the population in Kazakhstan are the dismissal of their own free will...

13.07.2020

Kazakhstan keeps COVID-19 situation in regions under control

At a meeting of the Operational Headquarters on COVID-19 chaired by the Deputy Prime Minister Yeraly Tugzhanov, the issues that needed to be addressed urgently were considered:

adoption of the necessary regulatory framework for the prompt supply of medicines to the regions;

acquisition of an additional 1,600 ventilation devices, 800 ambulances of...

At a meeting of the Operational Headquarters on COVID-19 chaired by the Deputy Prime Minister Yeraly Tugzhanov, the issues that needed to be addressed urgently were considered:

adoption of the necessary regulatory framework for the prompt supply of medicines to the regions;

acquisition of an additional 1,600 ventilation devices, 800 ambulances of...

13.07.2020

Kazakhstan reports almost 1,800 new COVID-19 cases

Kazakhstan reported 1,798 new cases of the coronavirus infection over the past 24 hours as of Sunday. Of these, 1,061 are symptom-free cases.

The biggest number of the new COVID-19 cases has been registered in the Atyrau region 269 cases, including 200 asymptomatic cases. Coming in second is Almaty city with...

Kazakhstan reported 1,798 new cases of the coronavirus infection over the past 24 hours as of Sunday. Of these, 1,061 are symptom-free cases.

The biggest number of the new COVID-19 cases has been registered in the Atyrau region 269 cases, including 200 asymptomatic cases. Coming in second is Almaty city with...

Finance and Investment

13.07.2020

Profitability pattern of banks changes during quarantine in Kazakhstan

Statistics of spring quarantine showed quite clearly how the business of banks decreased due to the introduction of isolation measures.

In terms of profitability, banks operating in Kazakhstan can be divided into several categories. In the classification proposed by the Kursiv, there are 8 categories.

The elite league is represented by only...

Statistics of spring quarantine showed quite clearly how the business of banks decreased due to the introduction of isolation measures.

In terms of profitability, banks operating in Kazakhstan can be divided into several categories. In the classification proposed by the Kursiv, there are 8 categories.

The elite league is represented by only...

13.07.2020

What problems of the quasi-public sector impede Kazakhstan's market economy

The main problems of the quasi-public sector were listed by the Accounts Committee. According to a government agency report, these problems are the reasons for the inefficient use of government resources and hinder the development of a market economy.

Initially, the management holdings were established to create high-tech industries in non-primary...

The main problems of the quasi-public sector were listed by the Accounts Committee. According to a government agency report, these problems are the reasons for the inefficient use of government resources and hinder the development of a market economy.

Initially, the management holdings were established to create high-tech industries in non-primary...

13.07.2020

Kazakh tenge enters red zone

The weighted average dollar rate on the Kazakhstan Stock Exchange on July 10, 2020 at 15:30 amounted to 412.55 tenge. During the trading week, the national currency fell by 3.36 tenge. On Tuesday, July 7, the weighted average rate at 15:30 amounted to 409.19 tenge per dollar, on Friday, July...

The weighted average dollar rate on the Kazakhstan Stock Exchange on July 10, 2020 at 15:30 amounted to 412.55 tenge. During the trading week, the national currency fell by 3.36 tenge. On Tuesday, July 7, the weighted average rate at 15:30 amounted to 409.19 tenge per dollar, on Friday, July...

13.07.2020

Kazakh tenge teams up with Eurasian counterparts

The dependence of the tenge on oil turned out to be not so strong. Black gold is getting more expensive, but the tenge is losing ground and, unfortunately, it can still give up if the Eurasian half-brother, the Russian rouble, continues to weaken. It seems that Kazakhstan has managed to...

The dependence of the tenge on oil turned out to be not so strong. Black gold is getting more expensive, but the tenge is losing ground and, unfortunately, it can still give up if the Eurasian half-brother, the Russian rouble, continues to weaken. It seems that Kazakhstan has managed to...

13.07.2020

Kazakhstan Stock Exchange index on Friday decreases by 0.76% to 2,384.89

Following the results of trades at the Kazakhstan Stock Exchange on Friday, the value of the KASE index decreased by 0.76% from 2,403.19 to 2,384.89.

The value of deals in shares included in the KASE index representative list increased 2.4 times against the previous trading day and amounted to KZT320.3mln. or...

Following the results of trades at the Kazakhstan Stock Exchange on Friday, the value of the KASE index decreased by 0.76% from 2,403.19 to 2,384.89.

The value of deals in shares included in the KASE index representative list increased 2.4 times against the previous trading day and amounted to KZT320.3mln. or...

13.07.2020

Greenback halts depreciation, holds on to latest position

The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen.

More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest single-day tally by any country in the global pandemic so...

The dollar paused on Friday as concerns about a surge in coronavirus infections in the United States and elsewhere supported the safe haven Japanese yen.

More than 60,000 new COVID-19 cases were reported across the United States on Thursday, the largest single-day tally by any country in the global pandemic so...

13.07.2020

Stock markets up, bonds stable as bug meets its Stalingrad

Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce...

Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce...

13.07.2020

Stock markets up, bonds stable as bug meets its Stalingrad

Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce...

Global equity benchmarks edged higher after struggling for direction for most of the day and bond yields flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe and signs that Gilead Sciences Inc's remdesivir drug helped reduce...

Oil and Gas Sector

13.07.2020

Tengizchevroil pumps more bugs than oil

9 regions of Kazakhstan each have a smaller number of infected than in Tengiz, as of 10.07.2020.

2,166 Tengizchevroil employees became infected with the coronavirus, Minister of Health Alexey Tsoi said. Foci were registered in 36 shift camps of the organisation and in 56 contracting companies that operate at Tengiz. The...

9 regions of Kazakhstan each have a smaller number of infected than in Tengiz, as of 10.07.2020.

2,166 Tengizchevroil employees became infected with the coronavirus, Minister of Health Alexey Tsoi said. Foci were registered in 36 shift camps of the organisation and in 56 contracting companies that operate at Tengiz. The...

13.07.2020

KazMunayGas reduces oil and condensate production in January-June

In January-June, KazMunayGas reduced oil and condensate production by 3% compared to the same period last year. Production decreased due to Kazakhstan’s participation in the OPEC+ deal to limit oil production, as well as amid low commodity prices.

It is expected that the downward trend in production will continue in the...

In January-June, KazMunayGas reduced oil and condensate production by 3% compared to the same period last year. Production decreased due to Kazakhstan’s participation in the OPEC+ deal to limit oil production, as well as amid low commodity prices.

It is expected that the downward trend in production will continue in the...

13.07.2020

KazMunayGas and BP may apply for exploration in Kazakhstan in the first half of 2021

The Kazakh national company KazMunayGas and the British oil company BP plan to apply for a contract for the exploration and production of hydrocarbons in Kazakhstan in the first half of 2021, the KMG press service told.

"BP is interested in a number of projects in Kazakhstan. These subsoil sections are...

The Kazakh national company KazMunayGas and the British oil company BP plan to apply for a contract for the exploration and production of hydrocarbons in Kazakhstan in the first half of 2021, the KMG press service told.

"BP is interested in a number of projects in Kazakhstan. These subsoil sections are...

13.07.2020

OPEC+ reduces the production of LPG

The international price agency Argus reported that the production of liquefied petroleum gas in Russia in May fell to 1.01 million tonnes, which is the lowest figure since April 2015, when the figure amounted to 989.4 thousand tonnes.

“The reduction in production was caused by the fulfilment of Russia's obligations to...

The international price agency Argus reported that the production of liquefied petroleum gas in Russia in May fell to 1.01 million tonnes, which is the lowest figure since April 2015, when the figure amounted to 989.4 thousand tonnes.

“The reduction in production was caused by the fulfilment of Russia's obligations to...

13.07.2020

China overflows oil storage

According to Oilchem China, as of the beginning of July there were practically no tanks left in China to fill in excess oil. Storage capacities in the mainland were 69% full, which is only 1% less than the technological limit, which is considered safe in the industry.

Since the beginning of...

According to Oilchem China, as of the beginning of July there were practically no tanks left in China to fill in excess oil. Storage capacities in the mainland were 69% full, which is only 1% less than the technological limit, which is considered safe in the industry.

Since the beginning of...

13.07.2020

European UGS facilities come in handy for Gazprom

An increase in transit through Ukraine did not occur even after the Yamal-Europe gas pipeline from Russia through Belarus and Poland to Germany stopped. Instead, Gazprom began to take gas from crowded storages in Europe.

The Yamal-Europe pipeline stopped on Monday morning until Saturday morning for scheduled annual maintenance. Last year,...

An increase in transit through Ukraine did not occur even after the Yamal-Europe gas pipeline from Russia through Belarus and Poland to Germany stopped. Instead, Gazprom began to take gas from crowded storages in Europe.

The Yamal-Europe pipeline stopped on Monday morning until Saturday morning for scheduled annual maintenance. Last year,...

13.07.2020

Gas users in the EAEU to be obliged to use special equipment indoors

They want to oblige gas users in the Eurasian Economic Union to use special equipment indoors, the press service of the Eurasian Economic Commission reported.

“The EEC Council included in the plan for the development of technical regulations of the Eurasian Economic Union amendments to the technical regulation On the safety...

They want to oblige gas users in the Eurasian Economic Union to use special equipment indoors, the press service of the Eurasian Economic Commission reported.

“The EEC Council included in the plan for the development of technical regulations of the Eurasian Economic Union amendments to the technical regulation On the safety...

13.07.2020

Azerbaijan boosts gas production, export

In the first six months of 2020, Azerbaijan produced 19.3 billion cubic meters of gas, which is by 11 percent or about 2 million cubic meters more than in the same period last year, the Energy Ministry’s press service reported on July 9.

Out of total production, production from Azeri- Chirag-...

In the first six months of 2020, Azerbaijan produced 19.3 billion cubic meters of gas, which is by 11 percent or about 2 million cubic meters more than in the same period last year, the Energy Ministry’s press service reported on July 9.

Out of total production, production from Azeri- Chirag-...

13.07.2020

IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook

The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month, citing a...

The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. The Paris-based IEA raised its forecast to 92.1 million barrels per day (bpd), up 400,000 bpd from its outlook last month, citing a...

13.07.2020

Urals unchanged in quiet trade

Kazakhstan’s benchmark Urals crude’s differentials were unchanged in quiet trade on Thursday as there were few cargoes left on offer, while traders awaited loading dates for August.

There were no bids or offers in the Platts window for Urals, CPC Blend or Azeri BTC, traders said.

The Kremlin said on Thursday Russia...

Kazakhstan’s benchmark Urals crude’s differentials were unchanged in quiet trade on Thursday as there were few cargoes left on offer, while traders awaited loading dates for August.

There were no bids or offers in the Platts window for Urals, CPC Blend or Azeri BTC, traders said.

The Kremlin said on Thursday Russia...

13.07.2020

The art of pretending to be thirsty: Brent veers up on consumers’ lobby’s claim

Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data showed U.S. energy firms cut the...

Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020 demand forecast but record-breaking new coronavirus cases in the United States tempered expectations for a fast recovery in fuel consumption. Prices also found support after data showed U.S. energy firms cut the...

13.07.2020

Suppliers’ failure to respond to weak demand brings North Sea region’s natural gas prices down

British wholesale gas prices dropped on Friday morning due to the oversupply of the gas system amid a drop in gas-for-power demand.

The day-ahead contract fell by 0.25 pence to 13.50 pence per therm by 0843 GMT.

The weekend gas contract fell by 0.50 pence to 13.10 p/therm.

Britain’s gas system was oversupplied...

British wholesale gas prices dropped on Friday morning due to the oversupply of the gas system amid a drop in gas-for-power demand.

The day-ahead contract fell by 0.25 pence to 13.50 pence per therm by 0843 GMT.

The weekend gas contract fell by 0.50 pence to 13.10 p/therm.

Britain’s gas system was oversupplied...

Metals and Minerals

13.07.2020

Kazakhstan wants to launch a gold mining factory in 2 years

In Akmola region, it is planned to launch a gold recovery factory worth 105 billion tenge, with reference to the Ministry of Industry and Infrastructure Development. The sister company RG Processing was established in 2018 to design a project for the construction of a gold recovery plant as part of...

In Akmola region, it is planned to launch a gold recovery factory worth 105 billion tenge, with reference to the Ministry of Industry and Infrastructure Development. The sister company RG Processing was established in 2018 to design a project for the construction of a gold recovery plant as part of...

13.07.2020

KAZ Minerals faced with risk of 2.6% “potential decrease”

KAZ Minerals PLC with EPIC/TICKER (LON:KAZ) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Jefferies International. KAZ Minerals PLC are listed in the Basic Materials sector within UK Main Market. Jefferies International have set their target price at 500 GBX on...

KAZ Minerals PLC with EPIC/TICKER (LON:KAZ) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Jefferies International. KAZ Minerals PLC are listed in the Basic Materials sector within UK Main Market. Jefferies International have set their target price at 500 GBX on...

13.07.2020

Bullion down as bulls re-venture into paper

Gold fell on Friday as gains in U.S. equities trimmed flows into bullion, which was still on track for a fifth straight weekly gain after soaring to its highest in nearly nine years this week on surging COVID-19 infections.

Spot gold prices slid 0.3% to $1,797.89 per ounce by 3:13 p.m....

Gold fell on Friday as gains in U.S. equities trimmed flows into bullion, which was still on track for a fifth straight weekly gain after soaring to its highest in nearly nine years this week on surging COVID-19 infections.

Spot gold prices slid 0.3% to $1,797.89 per ounce by 3:13 p.m....

13.07.2020

Copper leads non-ferrous base metals market revival

Copper was set for its weekly biggest rise in more than two years on Friday, with prices surging to pre-coronavirus crisis levels as Chinese demand rebounds and speculators turn bullish on the metal.

Benchmark copper on the London Metal Exchange (LME) was up 1.9% at $6,417 a tonne at 1600 GMT.

It...

Copper was set for its weekly biggest rise in more than two years on Friday, with prices surging to pre-coronavirus crisis levels as Chinese demand rebounds and speculators turn bullish on the metal.

Benchmark copper on the London Metal Exchange (LME) was up 1.9% at $6,417 a tonne at 1600 GMT.

It...

13.07.2020

Iron ore prices jump as midstream produce, coal edge down

Iron ore futures edged higher on Friday, putting China’s benchmark contract on track for its biggest weekly gain since mid-May, as optimism grew over prospects of demand in the world’s top producer and consumer of steel products.

The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange ended the...

Iron ore futures edged higher on Friday, putting China’s benchmark contract on track for its biggest weekly gain since mid-May, as optimism grew over prospects of demand in the world’s top producer and consumer of steel products.

The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange ended the...

Manufacturing industry

13.07.2020

Industrial production in Kazakhstan increases in H1 2020 by 3.1%

The value of industrial production in Kazakhstan in January-June 2020 increased by 3.1% compared to the same period last year, the Committee on Statistics of the Ministry of National Economy of the country said.

"The industrial production index in January-June 2020 amounted to 103.1%," the committee’s website said in a statement.

In...

The value of industrial production in Kazakhstan in January-June 2020 increased by 3.1% compared to the same period last year, the Committee on Statistics of the Ministry of National Economy of the country said.

"The industrial production index in January-June 2020 amounted to 103.1%," the committee’s website said in a statement.

In...

13.07.2020

Kazakhstan launches new factories in Almaty and Nur-Sultan

The production of medical masks was launched in Nur Sultan, the Ministry of Industry and Infrastructure Development reported. A project has been launched in the capital, due to which it is planned to launch production of 180 thousand pieces of three-layer masks per day, 30 thousand pieces of FPP2 respirator...

The production of medical masks was launched in Nur Sultan, the Ministry of Industry and Infrastructure Development reported. A project has been launched in the capital, due to which it is planned to launch production of 180 thousand pieces of three-layer masks per day, 30 thousand pieces of FPP2 respirator...

13.07.2020

Kazakhstan produces pharmaceuticals worth KZT58bn in 6 months

In the past six months Kazakhstan has produced pharmaceuticals to the tune of KZT 58 billion, Vice Minister of Industry and Infrastructure Development Amaniyaz Yerzhanov said Saturday.

“Domestic enterprises have produced pharmaceutics worth KZT 58 billion, over 65 million face masks and 60 million pair of protective gloves as well as...

In the past six months Kazakhstan has produced pharmaceuticals to the tune of KZT 58 billion, Vice Minister of Industry and Infrastructure Development Amaniyaz Yerzhanov said Saturday.

“Domestic enterprises have produced pharmaceutics worth KZT 58 billion, over 65 million face masks and 60 million pair of protective gloves as well as...

Agriculture

13.07.2020

Kazakh government assesses harvest preparation

According to the Ministry of Agriculture, spring-field work in 2020 in Kazakhstan was carried out efficiently and on time. Despite the restrictions due to the coronovirus pandemic, farmers were timely provided with preferential fuel, quality seeds, fertilizers and equipment. In total, as previously reported, 22.5 million hectares were sown in...

According to the Ministry of Agriculture, spring-field work in 2020 in Kazakhstan was carried out efficiently and on time. Despite the restrictions due to the coronovirus pandemic, farmers were timely provided with preferential fuel, quality seeds, fertilizers and equipment. In total, as previously reported, 22.5 million hectares were sown in...

13.07.2020

For 6 months of 2020, 211 billion tenge were allocated in Kazakhstan for agricultural lending

In particular, 82 billion tenge was allocated for lending to spring field and harvesting works, and 48 billion for updating agricultural machinery. In addition, 10 large investment projects with a total value of 5.8 billion tenge were introduced.

Within the framework of the Enbek State Program, more than 4 thousand microloans...

In particular, 82 billion tenge was allocated for lending to spring field and harvesting works, and 48 billion for updating agricultural machinery. In addition, 10 large investment projects with a total value of 5.8 billion tenge were introduced.

Within the framework of the Enbek State Program, more than 4 thousand microloans...

13.07.2020

Kazakhstan assumes control over locust and quarantine pests

Eleven types of especially dangerous, five types of pests and 14 types of quarantine objects are widespread in the republic. Particular attention is paid to locust control.

In the current year, herd locusts are spread over an area of 554 thousand ha, including Italian timber on 295.9 thousand ha, Asian locust...

Eleven types of especially dangerous, five types of pests and 14 types of quarantine objects are widespread in the republic. Particular attention is paid to locust control.

In the current year, herd locusts are spread over an area of 554 thousand ha, including Italian timber on 295.9 thousand ha, Asian locust...

13.07.2020

Kazakhstan reinstalls state agro purchases

A renewed guaranteed forward purchase mechanism was developed and approved at a meeting of the State Commission on Ensuring the State of Emergency under the President of the Republic of Kazakhstan on April 17, 2020.

Further, the issue of allocating funds from the republican budget in the amount of 24.5 billion...

A renewed guaranteed forward purchase mechanism was developed and approved at a meeting of the State Commission on Ensuring the State of Emergency under the President of the Republic of Kazakhstan on April 17, 2020.

Further, the issue of allocating funds from the republican budget in the amount of 24.5 billion...

13.07.2020

EU wheat futures see price stabilisation as harvest outlook gets clear

Euronext wheat futures closed slightly lower on Friday, consolidating after a new six-week high as traders waited to see if harvest results would bear out recent reduced forecasts for crops in several exporting countries including France.

The market showed limited reaction to a closely watched world crop report from the U.S....

Euronext wheat futures closed slightly lower on Friday, consolidating after a new six-week high as traders waited to see if harvest results would bear out recent reduced forecasts for crops in several exporting countries including France.

The market showed limited reaction to a closely watched world crop report from the U.S....

13.07.2020

US wheat futures down as speculators on bad news lose ground

Chicago wheat edged lower on Friday ahead of a widely followed U.S. government crop report but was still on course for a 6.5% weekly gain due to rising concern about harvest risks around the world. Corn and soybean futures ticked higher, supported by forecasts of intensifying heat in the U.S....

Chicago wheat edged lower on Friday ahead of a widely followed U.S. government crop report but was still on course for a 6.5% weekly gain due to rising concern about harvest risks around the world. Corn and soybean futures ticked higher, supported by forecasts of intensifying heat in the U.S....

Communications and Transportation

13.07.2020

Kazakh airlines are looking for ways to make money during a pandemic

While most of the international routes remain closed, domestic airlines have concentrated on cargo transportation. The cargo segment allows Kazakhstan airports to earn too. But both of these are not enough.

Until early February, Air Astana, SCAT, China Southern Airlines, and Air China operated a total of 34 flights a week...

While most of the international routes remain closed, domestic airlines have concentrated on cargo transportation. The cargo segment allows Kazakhstan airports to earn too. But both of these are not enough.

Until early February, Air Astana, SCAT, China Southern Airlines, and Air China operated a total of 34 flights a week...

13.07.2020

Kazakhstanis reimboursed for less than 20% of funds for cancelled trips

Kazakhstanis were able to return only 4.2 million tenge for cancelled tourist tours. This was announced by Minister of Trade and Integration Bakhyt Sultanov. On some appeals, an agreement was reached between the parties on the postponement of the tour.

"The territorial departments examined 85 requests for a refund of money...

Kazakhstanis were able to return only 4.2 million tenge for cancelled tourist tours. This was announced by Minister of Trade and Integration Bakhyt Sultanov. On some appeals, an agreement was reached between the parties on the postponement of the tour.

"The territorial departments examined 85 requests for a refund of money...

13.07.2020

China-Europe freight transport operating normally despite concerns over new infections in Kazakhstan

China-Europe freight transport has been operating normally through ports between China and Kazakhstan, despite emerging concerns about the worsening epidemic situation in the Central Asian country.

An employee of Alashankou port in Northwest China's Xinjiang Uygur Autonomous Region, one of the frontier ports between China and Kazakhstan, told the Global Times...

China-Europe freight transport has been operating normally through ports between China and Kazakhstan, despite emerging concerns about the worsening epidemic situation in the Central Asian country.

An employee of Alashankou port in Northwest China's Xinjiang Uygur Autonomous Region, one of the frontier ports between China and Kazakhstan, told the Global Times...

Regional News

13.07.2020

Sing a song of sixpence: Russia continues stockpiling gold, adding $2.7 billion to forex reserves

Russian gold and foreign currency holdings hit almost $569 billion as of July 1, according to the latest data released by the country’s central bank.

The international funds increased by $2.7 billion, or around 0.5 percent, compared to the previous month. They rose by more than $50 billion since last July.

The...

Russian gold and foreign currency holdings hit almost $569 billion as of July 1, according to the latest data released by the country’s central bank.

The international funds increased by $2.7 billion, or around 0.5 percent, compared to the previous month. They rose by more than $50 billion since last July.

The...

13.07.2020

A pocket full of rye: Russia keeps global grain supplies high

Exports of Russian grain are expected to total 41.7 million tons in the current agricultural season, according to the Russian Federal State Statistics Service. Supplies of wheat to the global market may reach 33.2 million tons.

That’s in line with pre-pandemic projections from industry experts, who said in February deliveries could...

Exports of Russian grain are expected to total 41.7 million tons in the current agricultural season, according to the Russian Federal State Statistics Service. Supplies of wheat to the global market may reach 33.2 million tons.

That’s in line with pre-pandemic projections from industry experts, who said in February deliveries could...

13.07.2020

Russian stock, rouble retreat as bulls shun risk-being purchases

The Russian rouble weakened on Friday as fears of renewed lockdown measures over record-breaking rises in new coronavirus cases in the United States drove investors away from risk assets.

At 0722 GMT, the rouble was 0.5% weaker against the dollar at 71.26 and had lost 0.3% to trade at 80.27 versus...

The Russian rouble weakened on Friday as fears of renewed lockdown measures over record-breaking rises in new coronavirus cases in the United States drove investors away from risk assets.

At 0722 GMT, the rouble was 0.5% weaker against the dollar at 71.26 and had lost 0.3% to trade at 80.27 versus...

13.07.2020

China’s stock, currency markets post correction on earlier mini-bubble

Mainland China shares on Friday ended lower for the first time since June 29 after the country’s state funds announced stake cuts in companies, a move that comes following a torrid bull run in the stock market, and on signs of renewed Sino-U.S. tensions.

The bull run, encouraged by state media,...

Mainland China shares on Friday ended lower for the first time since June 29 after the country’s state funds announced stake cuts in companies, a move that comes following a torrid bull run in the stock market, and on signs of renewed Sino-U.S. tensions.

The bull run, encouraged by state media,...

13.07.2020

China leads global efforts to spur trade

China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitate regional and global economic recovery, the Ministry of Commerce said on Thursday.

The joint ministerial statement issued by China's Ministry of Commerce, the Ministry of Trade and...

China is working with a number of countries to spur pragmatic economic, trade cooperation, boost goods trade volume and stabilize industrial chains to facilitate regional and global economic recovery, the Ministry of Commerce said on Thursday.

The joint ministerial statement issued by China's Ministry of Commerce, the Ministry of Trade and...

13.07.2020

China eyes further bond market expansion

China will look to add more trading platforms to its Bond Connect with offshore markets and expand the scope of services this year to increase overseas participation in the world's second-largest bond market, monetary authorities said.

Hong Kong, where the Bond Connect program has its market infrastructure linkage, will continue to...

China will look to add more trading platforms to its Bond Connect with offshore markets and expand the scope of services this year to increase overseas participation in the world's second-largest bond market, monetary authorities said.

Hong Kong, where the Bond Connect program has its market infrastructure linkage, will continue to...

13.07.2020

EBRD to provide new loan for Turkmenistan's construction sector

The European Bank for Reconstruction and Development (EBRD) will allocate a loan for Turkmenistan’s Ak-hunji company, the representative of EBRD Anton Usov announced.

Ak-hunji company is engaged in production of building materials in Turkmenistan. Thus, the country's construction sector will receive a timely inflow of funds.

"The loan will be allocated to...

The European Bank for Reconstruction and Development (EBRD) will allocate a loan for Turkmenistan’s Ak-hunji company, the representative of EBRD Anton Usov announced.

Ak-hunji company is engaged in production of building materials in Turkmenistan. Thus, the country's construction sector will receive a timely inflow of funds.

"The loan will be allocated to...

Prices and Statistics

13.07.2020

Commodities

Date: July 13, 2020; Source: the National Bank of Kazakhstan Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 40.22 -0.33 -0.81% Aug 2020 7/12/2020
CO1:COMBrent Crude (ICE) USD/bbl. 42.92 -0.32 -0.74% Sep 2020 7/12/2020
XB1:COMRBOB Gasoline (Nymex) USd/gal. 126.63 -1.68 -1.31% Aug 2020 7/12/2020
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.78 -0.02 -1.22% Aug 2020 7/12/2020
HO1:COMHeating Oil (Nymex) USd/gal. 123.70 -0.42 -0.34% Aug 2020 7/12/2020
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,807.40 +5.50 +0.31% Aug 2020 7/12/2020
XAUUSD:CURGold Spot USD/t oz. 1,802.74 +4.04 +0.22% N/A 12:09 AM
SI1:COMSilver (Comex) USD/t oz. 19.32 +0.27 +1.40% Sep 2020 7/12/2020
HG1:COMCopper (Comex) USd/lb. 298.20 +8.45 +2.92% Sep 2020 7/12/2020
XPTUSD:CURPlatinum Spot USD/t oz. 839.85 +12.32 +1.49% N/A 12:09 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 331.75 -5.50 -1.63% Sep 2020 7/12/2020
W 1:COMWheat (CBOT) USd/bu. 525.50 -8.50 -1.59% Sep 2020 7/12/2020
CC1:COMCocoa (ICE) USD/MT 2,160.00 +11.00 +0.51% Sep 2020 7/10/2020
CT1:COMCotton #2 (ICE) USd/lb. 63.96 -0.35 -0.54% Dec 2020 7/12/2020
LC1:COMLive Cattle (CME) USd/lb. 100.00 +0.75 +0.76% Aug 2020 7/10/2020

Date: July 13, 2020; Source: the National Bank of Kazakhstan

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 40.22 -0.33 -0.81% Aug 2020 7/12/2020
CO1:COMBrent Crude (ICE) USD/bbl. 42.92 -0.32 -0.74% Sep 2020 7/12/2020
XB1:COMRBOB Gasoline (Nymex) USd/gal. 126.63 -1.68 -1.31% Aug 2020 7/12/2020
NG1:COMNatural Gas (Nymex) USD/MMBtu 1.78 -0.02 -1.22% Aug 2020 7/12/2020
HO1:COMHeating Oil (Nymex) USd/gal. 123.70 -0.42 -0.34% Aug 2020 7/12/2020

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
GC1:COMGold (Comex) USD/t oz. 1,807.40 +5.50 +0.31% Aug 2020 7/12/2020
XAUUSD:CURGold Spot USD/t oz. 1,802.74 +4.04 +0.22% N/A 12:09 AM
SI1:COMSilver (Comex) USD/t oz. 19.32 +0.27 +1.40% Sep 2020 7/12/2020
HG1:COMCopper (Comex) USd/lb. 298.20 +8.45 +2.92% Sep 2020 7/12/2020
XPTUSD:CURPlatinum Spot USD/t oz. 839.85 +12.32 +1.49% N/A 12:09 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT)
C 1:COMCorn (CBOT) USd/bu. 331.75 -5.50 -1.63% Sep 2020 7/12/2020
W 1:COMWheat (CBOT) USd/bu. 525.50 -8.50 -1.59% Sep 2020 7/12/2020
CC1:COMCocoa (ICE) USD/MT 2,160.00 +11.00 +0.51% Sep 2020 7/10/2020
CT1:COMCotton #2 (ICE) USd/lb. 63.96 -0.35 -0.54% Dec 2020 7/12/2020
LC1:COMLive Cattle (CME) USd/lb. 100.00 +0.75 +0.76% Aug 2020 7/10/2020

13.07.2020

Exchange Rates

Date: July 13, 2020; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 412.55
1 EURO EUR / KZT 465.73
1 RUSSIAN ROUBLE RUB / KZT 5.79
1 CHINESE YUAN CNY / KZT 58.91
1 KYRGYZIAN SOM KGS / KZT 5.3
1 GREAT BRITAIN POUND GBP / KZT 520.14
1 CANADIAN DOLLAR CAD / KZT 303.32
1 AUSTRALIAN DOLLAR AUD / KZT 286.89

Date: July 13, 2020; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

412.55

1 EURO

EUR / KZT

465.73

1 RUSSIAN ROUBLE

RUB / KZT

5.79

1 CHINESE YUAN

CNY / KZT

58.91

1 KYRGYZIAN SOM

KGS / KZT

5.3

1 GREAT BRITAIN POUND

GBP / KZT

520.14

1 CANADIAN DOLLAR

CAD / KZT

303.32

1 AUSTRALIAN DOLLAR

AUD / KZT

286.89