Nursultan Nazarbayev received the deputy chairman of Kazakhstan People’s Assembly, Zhanseit Tuimebayev.

During the meeting, Nursultan Nazarbayev was briefed on the current activities and work plans of the Assembly, and he expressed gratitude to all its members for their contribution to the establishment and development of the state.

He emphasized the importance...

Prime Minister Askar Mamin introduced the new leaders, Mukhtar Tleuberdi and Beibut Atamkulov, who were appointed by Decrees of the Head of State Kassym-Jomart Tokayev, to the staff of the Ministry of Foreign Affairs, as well as the Ministry of Industry and Infrastructure Development.

At a meeting with the leadership of...

The first President of Kazakhstan, Nursultan Nazarbayev held a meeting on development of the green belt of the capital.

Vice Minister of Ecology, Geology and Natural Resources E. Nysanbaev, mayor of Nur-Sultan A. Kulginov and governor of Akmola region E. Marzhikpaev made respective performance reports that included the greening of the...

Minister of Defence of Kazakhstan Nurlan Yermekbayev is paying an official visit to Moscow at the invitation of his Russian colleague Sergei Shoigu.

As the press service of the Defense Ministry informs, the sides discussed the issues of joint command and military training, improvement of regulatory-legal framework and military-technical cooperation.

Reported by...

During the Republican meeting on rural development and agro-industrial complex in Petropavlovsk, the Head of State Kassym-Zhomart Tokayev instructed the Government to strengthen work to protect the domestic market of the country from counterfeit, unsafe products.

"Kazakhstan is a member of the WTO and the EAEU. At the same time, the...

As of the end of July this year, the number of investment companies in Kazakhstan amounted to 19 units. At the beginning of 2019, there were 21 companies.

As of the end of July 2019, the value of assets of investment companies amounted to 173.8 billion tenge, having decreased by 1.6%...

As of the end of July 2019, pension savings of citizens of Kazakhstan exceeded 10 trillion tenge. The exact amount reached 10.2 trillion tenge, with an increase by 18.6% compared to the same period last year at 8.6 trillion tenge, including for investment income account in the amount of 857...

In the framework of the tax amnesty, Kazakhstanis were written off debts for 3.5 billion tenge, the penalty was written off to 177,065 individuals for 875.2 million tenge. Of the total number of taxpayers, nearly 30% paid in the last week. “From September 5 to the present, a fine has...

The dollar rose on Wednesday and was trading near a seven-week high against the yen, ahead of a Federal Reserve policy meeting where officials are widely expected to cut interest rates by a quarter of a percentage point.

Many investors, however, were pricing in less aggressive action from the Fed going...

Imports of polypropylene (PP) into Kazakhstan exceeded 21,300 tonnes in first seven months of this year, up 17% year on year, while PP exports fell by 39%, according to MRC analysts.

July PP shipments into the country grew to 3,800 tonnes from 3,100 tonnes a month earlier, with local converters increasing...

Kazakhstan’s exports to Japan decreased by more than 24%, while imports, on the contrary, increased by more than 33%. Mutual trade between Kazakhstan and Japan in January-July 2019 amounted to $983.6 million. Export for this period amounted to $597. 8 million, which is 24.4% less than in the same period...

A sharp increase in oil prices due to attacks on the fields of Saudi Arabia may cause demand for shares of energy companies. Analysts have named securities that could rise in price in the coming months.

Nurlan Ashinov, the director of the Kazkom Securities analytics department, noted that first of all...

The Belneftekhim concern does not exclude that oil can be delivered from Kazakhstan to Belarus by pipeline transport, the deputy chairman of the Belneftekhim concern Vladimir Sizov told on Tuesday in Minsk.

“Today, the process of preparing an intergovernmental agreement is underway, which will regulate issues related to the supply of...

Often, subsoil users in oil or gas production can suffer huge financial losses due to downtime or failure of wells. As it turned out, this problem usually arises due to the fact that production equipment often fails and has a low overhaul period. In order to prevent such situations, Kazakhstani...

Kazakhstan’s benchmark Urals crude’s differentials to dated Brent in northwest Europe inched down on Wednesday as the market awaited more dates from next month's loading programme.

Oil prices retreated about 1% on Wednesday, extending the previous day's declines after Saudi Arabia said it would quickly restore full production following last weekend's...

Oil prices retreated on Wednesday, extending the previous day’s declines after Saudi Arabia said it would quickly restore full production following last weekend’s attacks on its facilities.

Tension in the Middle East remained elevated, however, after Saudi Arabia said it would provide evidence on Wednesday linking Iran to the attacks. The...

                                 Aug       July      Jan-Aug

 REFINED COPPER (tonnes)      43,187     42,980     313,265

 mth/mth pct change              0.5       10.5         ---

 yr/yr pct change                2.5       11.2        11.8

 REFINED ZINC (T)             23,762     28,375     216,020

 mth/mth pct change            -16.3        3.6         ---

 yr/yr pct change              -10.5        5.4         1.6

 ZINC CONCENTRATE (T)         19,900     18,500     153,300

 mth/mth pct change              7.6      -17.8         ---

 yr/yr pct change              -23.5      -33.2       -28.7

 ALUMINA AND...

Kazakhstan’s delegation chaired by Kanat Bozumbayev, Minister of Energy, is taking part in the 63rd Annual Regular Session of the IAEA General Conference which is being held from 16 to 20 September 2019 at the Vienna International Centre (VIC) in Vienna, Austria, according to the press service of Kazakhstan's Ministry...

Kazakhstan and the United States signed a joint statement on minimising highly enriched uranium at the 63rd session of the IAEA General Conference. This was reported by the press service of the Ministry of Energy of Kazakhstan.

As part of the Global Initiative to Reduce Nuclear Threats, research reactor conversion activities...

The Eurasian Resources Group, together with the Association of Cooperation between Kazakhstan and Luxembourg, organised the first ever meeting of Kazakhstanis in the Grand Duchy. The event, supported by Mr. Benedict Sobotka, ERG's Chief Executive Officer and Honorary Consul of Kazakhstan in the Grand Duchy of Luxembourg, was attended by...

Kazakhstan is one of the world leaders in chromite mining, production and reserves, according to the United States Geological Survey.

The country was the third biggest chromite producer in 2018 with 4.6 million tonnes. South Africa and Turkey were the largest and second largest with 16 million and 6.5 million tonnes,...

Gold consolidated around the $1,500 level on Wednesday, keeping to a $3 range ahead of a U.S. Federal Reserve decision on monetary policy, while fears of oil-led inflation ebbed, limiting safe-haven inflows into bullion.

Spot gold was steady at $1,501.34 per ounce by 1032 GMT. U.S. gold futures dipped 0.2% to...

Copper prices fell on Wednesday as concern about economic growth and demand dominated sentiment, but rising hopes for a solution to a prolonged trade dispute between China and the United States limited losses.

Benchmark copper on the London Metal Exchange was down 0.4% at $5,798 a tonne at 0933 GMT. Prices...

Financing to restore the area of irrigated land in Kazakhstan amounts to about 218.5 billion tenge and $316 million. Earlier, President Kassym-Zhomart Tokayev announced the need to increase the irrigated area to 3 million hectares by 2030. The Ministry of Agriculture reported that since 1991 this figure has decreased from...

At the beginning of the month, statistics counted 3,523,050 thousand tonnes of grain in Akmola, Kostanai and North Kazakhstan regions.

In particular, in Akmola region, out of 1,274,363 tonnes, 644,818 tonnes were available at the receiving points, 4,319 tonnes at the flour mills, and 625,226 tonnes at the agricultural producers.

As of...

On Tuesday, the city of Petropavlovsk hosted the republican conference on development of rural areas and agro-industrial complex. President Kassym-Jomart Tokayev chaired the meeting.

“Kazakhstan is the world’s 9th country in terms of territory. 75% its lands are suitable for agriculture. 15% or 1.3 million of economically active rural population are...

Chicago corn prices firmed on Wednesday, steadying as attention shifted away from turbulent crude oil markets and towards prospects for the U.S. harvest now getting under way. Soybeans also steadied after easing on Tuesday, with investors similarly assessing the U.S. harvest outlook amid mild late-summer weather while awaiting further developments...

In January-August 2019, communications enterprises earned 520 billion tenge. In comparable prices, this is 3.4% more than in January-August 2018. Local telephone communication services accounted for 24.6 billion tenge, 7.3% less on-year, providing Internet access for 185.2 billion tenge, 12.8% more, and cellular communication services for 144.4 billion tenge, 1.8%...

The rules of Internet commerce in the countries of the Eurasian Economic Union should not be fragmented, Veronika Nikishina, a member of the board of the Eurasian Economic Commission’s Board of Trade, said. The formation of effective government regulation in digital commerce is important, a member of the ECE board...

The Asia-Pacific Region international tourism exhibition kicked off in the Kazakh capital to run through September 20.

The event is a unique opportunity for Kazakhstan-based tour operators and business communities to strengthen international ties in order to promote the country’s and foreign tour products. The project is purposed to contribute to...

By the resolution of the Government of the Republic of Kazakhstan, Akerke Akhmetova was appointed Vice Minister of Justice.

Akerke Akhmetova was born in 1975 in Almaty, graduated from Sh. Ualikhanov Kokshetau Pedagogical Institute, E.A. Buketov Karaganda State University, Kokshetau University, Academy of Public Administration under the RK President, Sheffield University,...

In July, pharmaceutical drugs in Kazakhstan increased in price by 8.7% on-year. According to the aggregate results of 7 months, annual growth amounted to 8.5%. For comparison, the general level of annual inflation in July amounted to 5.4%, in January – July to 5.1%.

Antibiotics, vitamin preparations, cardiac and analgesics went...

Russia’s industrial output increased by 2.9% year-on-year in August, inching up from 2.8% y/y growth in July, and posting a total 2.6% y/y growth overall in the first eight months of the year, bne Intellinews reported citing data from Rosstat.

In seasonally and calendar-adjusted month-on-month terms, industrial production rose 0.6% m/m,...

By 2028, there will be only three major producers on the global gas market, which will compete with each other for consumers, RBC writes, citing research carried out by Nikos Tsafos, a senior fellow with the Energy and National Security Program at the Washington-based Center for Strategic and International Studies.

Qatar,...

China and Russia have agreed to push forward cooperation in scientific and technological innovation and continue to expand trade ties for mutual benefit and common development.

The two sides reached the agreement during Chinese Premier Li Keqiang's ongoing three-day official visit to the neighboring country.

Li and Russian Prime Minister Dmitry Medvedev...

China stocks rose on Wednesday on expectations of lower borrowing costs at home and the United States, with a resumption of trade talks between Beijing and Washington aiding risk appetite.

China’s blue-chip CSI300 Index gained 0.5% to 3,910.08, while the Shanghai Composite Index rose 0.3% to 2,985.65860. ** The U.S. Federal...

China has cut the number of sectors and businesses that are off-limits for both domestic and foreign investors in a revised negative list for market access, the country's top economic planner said Wednesday.

The shortened list contains fewer administrative measures on investment and is still subject to approval, said Meng Wei,...

Mongolia's external debt has amounted to nearly 30 billion U.S. dollars, more than twice the country's gross domestic product.

"Our country's external debt stood at 29.7 billion U.S. dollars at the end of the first half of this year," Atarbaatar Enkhjin, head of the Reserve Management and Financial Markets Department at...

Date: September 19, 2019; Source: Bloomberg.com

Energy

Precious and Industrial Metals

Agriculture

Date: September 19, 2019; Source: the National Bank of Kazakhstan