Issue 3109 - 13.11.2018
13.11.2018

Global risks for Eurasia in 2019 voiced in Astana

Presentation of the international study “Global Risk Rating for Eurasia in 2019” was held at the special session of the fourth annual meeting of the Astana Club hosted by the Nazarbayev Center, Kazpravda.kz reports with reference to the organizing committee of the Astana club.

According to analysts, the key global risks for the region are: aggravation of the confrontation between China and the United States, full-scale trade wars; the war in the Middle East; further degradation of relations between Russia and the West; "Defrosting" of hot spots in Eurasia; growth of separatism and ethno-confessional conflicts; aggravation of environmental and water challenges; evolution of cyber threats; the beginning of a new arms race; risk of major nuclear and man-made disasters.

The purpose of the rating is to assess current geopolitical and geo-economic processes both in the Eurasian region and in the world.

"Today, in the context of trade and sanction wars, growing militarization, the most important international institutions for resolving disputes, including the UN and the WTO, have come under threat. For Kazakhstan as a country located in the epicenter of all the processes in Eurasia, it is very important that its participants find peaceful and compromise solutions to existing contradictions. Therefore, building a dialogue between the leading centers of power of Eurasia is among topmost priorities of Kazakhstan’s foreign policy," - said Yerzhan Saltybaev, the Director of the Institute of World Economy and Politics at Kazakhstan First President Foundation.

According to the organizing committee, over 30 reputable experts and politicians took part in the study, whose opinion is reckoned with by state leaders, international institutions and major media. Also, more than 1,000 professional respondents from 60 countries were polled.Among the authors of the study are outstanding minds and Nobel laureates.

By Inga Selezneva for Kazakhstanskaya Pravda.

Kazakhstan General

13.11.2018

Kazakh head of state comments on CSTO Collective Security Council session

Speaking to the media, the President of Kazakhstan noted the friendly and constructive nature of the CSTO Collective Security Council, reports the press-centre of Akorda.

“We have considered almost all the issues of interaction between states in the interests of strengthening security. We have had a constructive exchange of views on...

Speaking to the media, the President of Kazakhstan noted the friendly and constructive nature of the CSTO Collective Security Council, reports the press-centre of Akorda.

“We have considered almost all the issues of interaction between states in the interests of strengthening security. We have had a constructive exchange of views on...

13.11.2018

Public sector dominates Kazakhstan’s labour market

8.7 million people were employed in the economy of the Republic in October 20181). The number of employed population in the stated period was 6.6 million (75.8% of the total employed population).

According to the III quarter2) in 2018 from total number of the self-employed population the share of productive workers...

8.7 million people were employed in the economy of the Republic in October 20181). The number of employed population in the stated period was 6.6 million (75.8% of the total employed population).

According to the III quarter2) in 2018 from total number of the self-employed population the share of productive workers...

13.11.2018

Leap forward or white elephant: Kazakhstan aspires key role in China-Europe connection

Kazakhstan sees itself as the linchpin of Eurasia and has long been a staunch supporter of cross-border initiatives that help alleviate its disadvantages as a landlocked country.

So it was no coincidence that, in September 2013, Chinese president Xi Jinping chose the country’s Nazarbayev University to announce the...

Kazakhstan sees itself as the linchpin of Eurasia and has long been a staunch supporter of cross-border initiatives that help alleviate its disadvantages as a landlocked country.

So it was no coincidence that, in September 2013, Chinese president Xi Jinping chose the country’s Nazarbayev University to announce the creation of new...

13.11.2018

Slovak PM to visit Kazakhstan

The visit of Slovak Prime Minister Peter Pellegrini to Kazakhstan will be first on the record of the countries’ relations on the heads of government level, Kazpravda.kz correspondent quotes the spokesman of Kazakhstan Foreign Ministry, Aibek Smadiyarov, as saying at a briefing in the Ministry.

"The official visit of Slovak Prime...

The visit of Slovak Prime Minister Peter Pellegrini to Kazakhstan will be first on the record of the countries’ relations on the heads of government level, Kazpravda.kz correspondent quotes the spokesman of Kazakhstan Foreign Ministry, Aibek Smadiyarov, as saying at a briefing in the Ministry.

"The official visit of Slovak Prime...

13.11.2018

Kazakh FM, new Ambassador of China to Kazakhstan met in Astana

Foreign Minister Kairat Abdrakhmanov held a meeting with Ambassador of China to Kazakhstan Zhang Xiao, congratulating the diplomat on his recent appointment, and wishing him success in advancing comprehensive Kazakhstani-Chinese strategic partnership.

During the meeting, the state and prospects of bilateral political relations, current issues of trade, economic, cultural and humanitarian...

Foreign Minister Kairat Abdrakhmanov held a meeting with Ambassador of China to Kazakhstan Zhang Xiao, congratulating the diplomat on his recent appointment, and wishing him success in advancing comprehensive Kazakhstani-Chinese strategic partnership.

During the meeting, the state and prospects of bilateral political relations, current issues of trade, economic, cultural and humanitarian...

13.11.2018

Shymkent to host Kazakhstan-Uzbekistan interregional cooperation forum

The first Kazakhstan-Uzbekistan Interregional Cooperation Forum will take place in Shymkent on November 16, Spokesperson for the Ministry of Foreign Affairs of the Republic of Kazakhstan Aibek Smadiyarov informed at the briefing, Kazinform correspondent reports.

"As you know, during the state visit of President of Uzbekistan Shavkat Mirziyoyev to Kazakhstan in...

The first Kazakhstan-Uzbekistan Interregional Cooperation Forum will take place in Shymkent on November 16, Spokesperson for the Ministry of Foreign Affairs of the Republic of Kazakhstan Aibek Smadiyarov informed at the briefing, Kazinform correspondent reports.

"As you know, during the state visit of President of Uzbekistan Shavkat Mirziyoyev to Kazakhstan in...

13.11.2018

Statistics agency sums up Kazakhstan’s economic performance in the first 10 months

The short-term economic indicator in January-October 2018 compared with January-October 2017 was 104.8%. Calculation of the short-term economic indicator is implemented to ensure efficiency and is based on the change in output indexes for basic sectors: agriculture, industry, construction, trade, transport and communications, constituting over 60% of GDP.

The volume of...

The short-term economic indicator in January-October 2018 compared with January-October 2017 was 104.8%. Calculation of the short-term economic indicator is implemented to ensure efficiency and is based on the change in output indexes for basic sectors: agriculture, industry, construction, trade, transport and communications, constituting over 60% of GDP.

The volume of...

Oil and Gas Sector

13.11.2018

Kazakhstan plans to reduce oil production in 2019

Kazakhstan stands in favour of extending the OPEC+ deal to reduce oil production in 2019, Komsomolskaya Pravda reports, citing TASS.

This was told by the Deputy Minister of Energy Magzum Mirzagaliyev.

“This cooperation and agreements were very correct and timely. It worked for the interests of oil-producing countries, as well as for...

Kazakhstan stands in favour of extending the OPEC+ deal to reduce oil production in 2019, Komsomolskaya Pravda reports, citing TASS.

This was told by the Deputy Minister of Energy Magzum Mirzagaliyev.

“This cooperation and agreements were very correct and timely. It worked for the interests of oil-producing countries, as well as for...

13.11.2018

Kazakhstan plans to increase gasoline exports to CIS markets

In October, Russia and Kazakhstan signed an agreement that will allow regulating the import of petroleum products from Russia and the export of Kazakh petroleum products outside the customs territory of the EEU. Until Kazakhstan could secure its gasoline independence, Russia supplied it with fuel. But now, after modernising its...

In October, Russia and Kazakhstan signed an agreement that will allow regulating the import of petroleum products from Russia and the export of Kazakh petroleum products outside the customs territory of the EEU. Until Kazakhstan could secure its gasoline independence, Russia supplied it with fuel. But now, after modernising its...

13.11.2018

Uzbekistan becomes Kazakhstan's largest oil importer in CIS

In the first eight months of 2018, Kazakhstan exported 152,800 tons of oil and crude oil products to Uzbekistan amounting to $77 million, the Kazakh monitoring agency Energyprom.kz said in a report.

Compared to the last year, when 99,400 tons worth $40.7 million were exported, the export figures grew by 53.68...

In the first eight months of 2018, Kazakhstan exported 152,800 tons of oil and crude oil products to Uzbekistan amounting to $77 million, the Kazakh monitoring agency Energyprom.kz said in a report.

Compared to the last year, when 99,400 tons worth $40.7 million were exported, the export figures grew by 53.68...

13.11.2018

China’s oil imports surge to record high

China’s crude oil imports averaged 9.61 million barrels a day last month, customs data cited by Reuters has revealed, with the agency noting the amount is the highest on record.

Once again, it was the independent refiners, or teapots, that drove the increase as they seek to fulfill their import quotas...

China’s crude oil imports averaged 9.61 million barrels a day last month, customs data cited by Reuters has revealed, with the agency noting the amount is the highest on record.

Once again, it was the independent refiners, or teapots, that drove the increase as they seek to fulfill their import quotas...

13.11.2018

China takes Japan’s place as global leader in gas imports

China has overtaken Japan to become the world’s top importer of natural gas, as Beijing’s crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.

China’s total natural gas imports, which include purchases of Kazakh and Uzbek...

China has overtaken Japan to become the world’s top importer of natural gas, as Beijing’s crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.

China’s total natural gas imports, which include purchases of Kazakh and Uzbek...

13.11.2018

Oil benchmarks bounce back as Saudis vow to respond to demand setback

Oil prices rose on Monday after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day next year.

Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels...

Oil prices rose on Monday after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day next year.

Saudi Arabia, the world’s largest oil exporter, said on Sunday it would cut its shipments by half a million barrels...

13.11.2018

North Sea regional gas prices rebound on winter weather, low winds

British wholesale gas prices climbed on Monday morning in anticipation of colder weather and less wind power output next week.

The day-ahead gas price rose by 2.95 pence to 64.25 pence per therm at 0836 GMT, while gas for immediate delivery was 3.50 pence higher at 64.00 p/therm

Gas for next week...

British wholesale gas prices climbed on Monday morning in anticipation of colder weather and less wind power output next week.

The day-ahead gas price rose by 2.95 pence to 64.25 pence per therm at 0836 GMT, while gas for immediate delivery was 3.50 pence higher at 64.00 p/therm

Gas for next week...

13.11.2018

Kazakhstan intends to extend OPEC+ deal on reducing oil production in 2019

Kazakh Deputy Minister of Energy Magzum Mirzagaliyev informed. 

According to Mirzagaliyev, Kazakhstan stands for the continuation of the OPEC+ deal aiming at reducing the oil production in 2019, which is under discussion, including volumes, BNews, kz reports referring to TASS. 

"The cooperation and collaboration and agreement are very right and timely....

Kazakh Deputy Minister of Energy Magzum Mirzagaliyev informed. 

According to Mirzagaliyev, Kazakhstan stands for the continuation of the OPEC+ deal aiming at reducing the oil production in 2019, which is under discussion, including volumes, BNews, kz reports referring to TASS. 

"The cooperation and collaboration and agreement are very right and timely. It has served...

13.11.2018

Saryarka pipeline to supply natural gas to 2.7 million Kazakhstanis

The starting point of the Saryarka gas pipeline, which in the future will provide 2.7 million people with natural gas, is the Karaozek gas compressor station in Kyzylorda region. The gas pipeline through Kyzylorda, Zhezkazgan, Karaganda, Temirtau to Astana will be built from that station, Kazinform correspondent cites the Kyzylorda...

The starting point of the Saryarka gas pipeline, which in the future will provide 2.7 million people with natural gas, is the Karaozek gas compressor station in Kyzylorda region. The gas pipeline through Kyzylorda, Zhezkazgan, Karaganda, Temirtau to Astana will be built from that station, Kazinform correspondent cites the Kyzylorda...

Finance and Investment

13.11.2018

Budget revenues for the three quarters fall behind last year's figures by 6%

State budget revenues for January-September of this year amounted to 8.3 trillion tenge, a decrease by 5.6% year-on-year is observed.

The decrease was affected by a decrease in transfers by 34.3%, or 1.3 trillion tenge on-year.

Over the past five years in the corresponding period, the maximum increase in state budget revenues...

State budget revenues for January-September of this year amounted to 8.3 trillion tenge, a decrease by 5.6% year-on-year is observed.

The decrease was affected by a decrease in transfers by 34.3%, or 1.3 trillion tenge on-year.

Over the past five years in the corresponding period, the maximum increase in state budget revenues...

13.11.2018

Regions may not be able to develop the funds allocated to support the housing market this year

According to the "7-20-25" program, level of concentration of loans is even higher. The two largest metropolis account for 68% of loans in monetary terms.

The fourth principle of the state planning system stands for “the independence of the participants in the state planning process in choosing the ways and methods...

According to the "7-20-25" program, level of concentration of loans is even higher. The two largest metropolis account for 68% of loans in monetary terms.

The fourth principle of the state planning system stands for “the independence of the participants in the state planning process in choosing the ways and methods...

13.11.2018

State Revenue Committee announces tax amnesty date

Tax amnesty for small and medium businesses will be held from January 1, 2019.

“I am instructing, from January 1, 2019, to start a tax amnesty for SMEs,” the message of the department quoted Nursultan Nazarbayev from the Message to the People of Kazakhstan.

The President also announced the need to increase...

Tax amnesty for small and medium businesses will be held from January 1, 2019.

“I am instructing, from January 1, 2019, to start a tax amnesty for SMEs,” the message of the department quoted Nursultan Nazarbayev from the Message to the People of Kazakhstan.

The President also announced the need to increase...

13.11.2018

Banks and private equity funds looking for points of contact

Traditionally, bank loans are the most popular way to replenish working capital, receive funds for investment purposes and the development of the company. Larger company transformations or expansion into international markets are supported by private equity funds. Under these conditions, cooperation between banks and private equity funds may become an...

Traditionally, bank loans are the most popular way to replenish working capital, receive funds for investment purposes and the development of the company. Larger company transformations or expansion into international markets are supported by private equity funds. Under these conditions, cooperation between banks and private equity funds may become an...

13.11.2018

Kaspi Holding plans to hold an IPO on the London Stock Exchange in 2019

"We are very proud to announce that next year Kaspi plans to enter international markets. We will hold an IPO on the London Stock Exchange. We hope that this will put Kazakhstan on an international innovation card. We can proudly say that big companies, products, services were created in Kazakhstan,”...

"We are very proud to announce that next year Kaspi plans to enter international markets. We will hold an IPO on the London Stock Exchange. We hope that this will put Kazakhstan on an international innovation card. We can proudly say that big companies, products, services were created in Kazakhstan,”...

13.11.2018

BS/2 sells 111 ATMs to Kazakh-based Bank CenterCredit

The Penkių kontinentų bankinės technologijos (BS/2), a part of Penki kontinentai Group, has sold 111 ATMs to Kazakhstan-based lender Bank CenterCredit.

All the sold ATMs are equipped with an integrated security and monitoring solution ATMeye.iQ. Equipped with a system of video surveillance and sensors, the solution prevents fraudulent and suspicious actions.

The...

The Penkių kontinentų bankinės technologijos (BS/2), a part of Penki kontinentai Group, has sold 111 ATMs to Kazakhstan-based lender Bank CenterCredit.

All the sold ATMs are equipped with an integrated security and monitoring solution ATMeye.iQ. Equipped with a system of video surveillance and sensors, the solution prevents fraudulent and suspicious actions.

The...

13.11.2018

Investment and businesses protection project launched in Aktobe

With the international trend towards globalisation, foreign direct investment (FDI) is expected to provide capital to developing countries so as to simulate the growth of their economies. Development aid increasingly supports legal reforms intended to foster investment, both foreign and domestic. However, if such legal reforms are to effectively attract...

With the international trend towards globalisation, foreign direct investment (FDI) is expected to provide capital to developing countries so as to simulate the growth of their economies. Development aid increasingly supports legal reforms intended to foster investment, both foreign and domestic. However, if such legal reforms are to effectively attract...

13.11.2018

Greenback rises to KZT 374.15 on November 12

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TОМ) made KZT374.15 per US dollar at the trades volume USD50,200 th.;

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

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TОМ) made KZT374.15 per US dollar at the trades volume USD50,200 th.;

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

13.11.2018

Sterling down on Brexit limbo, euro on gorgonzola versus sprouts as dollar receives new hike

The dollar rallied to a 16-month high on Monday as investors positioned for a Federal Reserve interest rate rise next month and concern about political risks in Europe put pressure on the euro and the pound.

The dollar fell last week on the belief that losses for U.S. President Donald Trump's...

The dollar rallied to a 16-month high on Monday as investors positioned for a Federal Reserve interest rate rise next month and concern about political risks in Europe put pressure on the euro and the pound.

The dollar fell last week on the belief that losses for U.S. President Donald Trump's...

Metals and Minerals

13.11.2018

Explosion at ArcelorMittal Temirtau scatters fragments of pipelines in a radius of up to 200 metre

On November 10, at the ArcelorMittal Temirtau metallurgical plant the largest accident during the entire operation of the enterprise occurred. The call to the city administration for emergency situations was received at 19:53. The fire engines, arriving at the site, “worked to cool” the gas pipelines, in which the gas...

On November 10, at the ArcelorMittal Temirtau metallurgical plant the largest accident during the entire operation of the enterprise occurred. The call to the city administration for emergency situations was received at 19:53. The fire engines, arriving at the site, “worked to cool” the gas pipelines, in which the gas...

13.11.2018

Russia’s Polymetal says production to slow amid asset sales

Polymetal, one of Russia’s leading gold and silver miners, has revised down its mid-term production guidance as it continues to sell minor assets, with two deals expected for closure next year, the company’s chief executive officer said.The country’s second-largest gold producer has been revising its portfolio to focus on the...

Polymetal, one of Russia’s leading gold and silver miners, has revised down its mid-term production guidance as it continues to sell minor assets, with two deals expected for closure next year, the company’s chief executive officer said.The country’s second-largest gold producer has been revising its portfolio to focus on the...

13.11.2018

Peel Hunt raises KAZ Minerals’ price target to GBX820

KAZ Minerals (LON:KAZ) had its target price lifted by investment analysts at Peel Hunt from GBX 805 ($10.52) to GBX 820 ($10.71) in a research report issued on Monday. The firm currently has a “buy” rating on the copper miner’s stock. Peel Hunt’s price target would suggest a potential upside...

KAZ Minerals (LON:KAZ) had its target price lifted by investment analysts at Peel Hunt from GBX 805 ($10.52) to GBX 820 ($10.71) in a research report issued on Monday. The firm currently has a “buy” rating on the copper miner’s stock. Peel Hunt’s price target would suggest a potential upside...

13.11.2018

Gold suffers as greenback spirals up

Gold fell for a seventh straight session on Monday, hitting its lowest in a month as the dollar jumped to 16-month highs on the back of political uncertainty in Europe and the U.S. Federal Reserve's hawkish stance on interest rates. Spot gold fell 0.3 percent to $1,206.22 per ounce at...

Gold fell for a seventh straight session on Monday, hitting its lowest in a month as the dollar jumped to 16-month highs on the back of political uncertainty in Europe and the U.S. Federal Reserve's hawkish stance on interest rates. Spot gold fell 0.3 percent to $1,206.22 per ounce at...

13.11.2018

Copper, aluminium gain strength as falling steel prices drag nickel down

Nickel on both the London and Shanghai exchanges on Monday fell to its lowest in around 11 months as rebar steel prices tumbled on concerns over slowing demand in top consumer China.

Thee-month nickel, used mainly in steelmaking, fell 0.4 percent to $11,420 a tonne on the London Metal Exchange by...

Nickel on both the London and Shanghai exchanges on Monday fell to its lowest in around 11 months as rebar steel prices tumbled on concerns over slowing demand in top consumer China.

Thee-month nickel, used mainly in steelmaking, fell 0.4 percent to $11,420 a tonne on the London Metal Exchange by...

13.11.2018

Metallurgical plant in Temirtau continues work in limited mode

Metallurgical plant Arcelor Mitall, where the pipeline collapsed, continues to work in a limited mode.Specialists and equipment of the plant and contracting organizations were involved in the repair works. A schedule has been developed to coordinate work.

It will be recalled that in the evening of November 10, a jet fire...

Metallurgical plant Arcelor Mitall, where the pipeline collapsed, continues to work in a limited mode.Specialists and equipment of the plant and contracting organizations were involved in the repair works. A schedule has been developed to coordinate work.

It will be recalled that in the evening of November 10, a jet fire...

Energy Industry

13.11.2018

Samruk-Energy obtains $80m ADB loan

The Asian Development Bank (ADB) has signed loan agreements for loans equivalent to $80 million in Kazakhstani tenge with Samruk-Energy, Kazakhstan’s largest power generation company, to help increase its balance sheet flexibility by reducing foreign exchange risk, enhance its operational efficiency, and identify a renewable energy pipeline for the company.

The...

The Asian Development Bank (ADB) has signed loan agreements for loans equivalent to $80 million in Kazakhstani tenge with Samruk-Energy, Kazakhstan’s largest power generation company, to help increase its balance sheet flexibility by reducing foreign exchange risk, enhance its operational efficiency, and identify a renewable energy pipeline for the company.

The...

Manufacturing industry

13.11.2018

Zhambyl industry boosted by investment inflow

Presently, 13 investment projects worth $1 billion are being implemented in Zhambyl region of Kazakhstan, governor of the region Askar Myrzakhmetov told reporters.

"Among the ongoing projects there is a project to increase ammophos production at the Kazphosphate export-oriented enterprise. For the first 9 months of 2018, as many as 125,100...

Presently, 13 investment projects worth $1 billion are being implemented in Zhambyl region of Kazakhstan, governor of the region Askar Myrzakhmetov told reporters.

"Among the ongoing projects there is a project to increase ammophos production at the Kazphosphate export-oriented enterprise. For the first 9 months of 2018, as many as 125,100...

Trade and Consumer Goods

13.11.2018

Roadmap to secure food supply to Astana adopted

On November 6 the government approved a 2018-2021 roadmap draft to ensure a domestic food supply for the nation’s capital.

Kazakh President Nursultan Nazarbayev directed the Ministry of Agriculture to develop the stable supply of domestic food products to Astana, for which a two-year road map was initially drawn out.

The 2017-2018...

On November 6 the government approved a 2018-2021 roadmap draft to ensure a domestic food supply for the nation’s capital.

Kazakh President Nursultan Nazarbayev directed the Ministry of Agriculture to develop the stable supply of domestic food products to Astana, for which a two-year road map was initially drawn out.

The 2017-2018...

Agriculture

13.11.2018

Kazakhstan’s grain productivity up, Tajikistan’s down, Kyrgyzstan’s flat – prices expected to rise

Towards the beginning of October this year, Central Asia’s former Soviet republics were just a few percentages points away from completing their grain and pulses harvests, according to data presented last week by the Moscow-based Interstate Statistics Committee of the Commonwealth of Independent States which unites all former USSR member...

Towards the beginning of October this year, Central Asia’s former Soviet republics were just a few percentages points away from completing their grain and pulses harvests, according to data presented last week by the Moscow-based Interstate Statistics Committee of the Commonwealth of Independent States which unites all former USSR member...

13.11.2018

Mills in Kazakhstan export 4% more flour than a year earlier

In January – September 2018, the country's millers produced 3.05 million tonnes of products. However, this is only 1.9% more than in the same period a year earlier.

The main producers of flour are Kostanay region accounting for 28% from the country total, or 854.3 thousand tonnes, which is, however, 5.6%...

In January – September 2018, the country's millers produced 3.05 million tonnes of products. However, this is only 1.9% more than in the same period a year earlier.

The main producers of flour are Kostanay region accounting for 28% from the country total, or 854.3 thousand tonnes, which is, however, 5.6%...

13.11.2018

Moratorium on the sale of agricultural land in Kazakhstan remains in vigour

The development of the agro-industrial complex was the topic of an online conference, which was held on the dialog.egov.kz portal by Serik Shaidarov, deputy head of the Karaganda region. User's questions were related to relevant topics of the industry, such as identification of agricultural cattle, veterinary security,...

The development of the agro-industrial complex was the topic of an online conference, which was held on the dialog.egov.kz portal by Serik Shaidarov, deputy head of the Karaganda region. User's questions were related to relevant topics of the industry, such as identification of agricultural cattle, veterinary security, land relations.

Abylai Nurmagambet...

13.11.2018

Wheat benchmark rebounds on FSU supply concerns

Chicago wheat futures edged higher on Monday, snapping three sessions of losses, on expectations of higher demand for U.S. supplies although a stronger dollar kept a lid on the market.

Corn slid for a second session while soybeans were little changed with focus on U.S.-China trade talks later this month.

The most-active...

Chicago wheat futures edged higher on Monday, snapping three sessions of losses, on expectations of higher demand for U.S. supplies although a stronger dollar kept a lid on the market.

Corn slid for a second session while soybeans were little changed with focus on U.S.-China trade talks later this month.

The most-active...

Communications and Transportation

13.11.2018

Kazakhstan citizens reminded about the time limit for paying transport tax

"The State Revenue Department for Almaty reminds that the tax on vehicles from individuals for 2018 must be paid no later than December 31, 2018 ... We note that individuals pay the tax at their permanent place of residence," the department said.

The calculation of the transport tax for 2018 can...

"The State Revenue Department for Almaty reminds that the tax on vehicles from individuals for 2018 must be paid no later than December 31, 2018 ... We note that individuals pay the tax at their permanent place of residence," the department said.

The calculation of the transport tax for 2018 can...

13.11.2018

Two air companies suspended in Kazakhstan

The work of two air companies and the operation of 17 aircraft were suspended in Kazakhstan, according to the press service of Kazakhstan’s main transport prosecutor's office.

The prosecutor’s office says that this year more than two thousand violations of the law were revealed in transport, the rights of more than...

The work of two air companies and the operation of 17 aircraft were suspended in Kazakhstan, according to the press service of Kazakhstan’s main transport prosecutor's office.

The prosecutor’s office says that this year more than two thousand violations of the law were revealed in transport, the rights of more than...

13.11.2018

Kazakhstan wins dispute in French arbitration court

On November 8, 2018, the Arbitration Tribunal of the International Chamber of Commerce ruled to reject all the claims of the Turkish company Mağdenli Yer Hizmetleri ve TaşımaAnonim Şirketi to Kazakhstan, according to the press service of the Justice Ministry of Kazakhstan. According to the Ministry, in March 2015, the...

On November 8, 2018, the Arbitration Tribunal of the International Chamber of Commerce ruled to reject all the claims of the Turkish company Mağdenli Yer Hizmetleri ve TaşımaAnonim Şirketi to Kazakhstan, according to the press service of the Justice Ministry of Kazakhstan. According to the Ministry, in March 2015, the...

Pharmaceutical and Healthcare News

13.11.2018

Parliament passes health legislation amendments

The Kazakh Majilis, the lower house of the country’s Parliament, recently endorsed changes to 11 legislative documents, including the Health Code, Criminal Code, Criminal Procedure Code and Administrative Offences Code.

The amendments cover several areas, said Minister of Healthcare Yelzhan Birtanov. The changes include a new model for the country’s guaranteed...

The Kazakh Majilis, the lower house of the country’s Parliament, recently endorsed changes to 11 legislative documents, including the Health Code, Criminal Code, Criminal Procedure Code and Administrative Offences Code.

The amendments cover several areas, said Minister of Healthcare Yelzhan Birtanov. The changes include a new model for the country’s guaranteed...

Regional News

13.11.2018

China’s core state companies managing over 3,000 projects under BRI

Chinese central government-run State-owned enterprises have undertaken 3,116 projects under the Belt and Road Initiative, which range from infrastructure construction to international cooperation on production capacity, People's Daily reported on Monday.

The newspaper cited data from State-owned Assets Supervision and Administration Commission of the State Council showing that central State-owned enterprises...

Chinese central government-run State-owned enterprises have undertaken 3,116 projects under the Belt and Road Initiative, which range from infrastructure construction to international cooperation on production capacity, People's Daily reported on Monday.

The newspaper cited data from State-owned Assets Supervision and Administration Commission of the State Council showing that central State-owned enterprises...

13.11.2018

Big deals inked at Airshow China

Deals worth more than 21.2 billion U.S. dollars have been signed at the 12th China International Aviation and Aerospace Exhibition (Airshow China).

The six-day exhibition concluded Sunday in Zhuhai, in south China's Guangdong Province. During the exhibition, 239 aircraft were traded, according to the organizer.

A total of 770 firms, including Boeing...

Deals worth more than 21.2 billion U.S. dollars have been signed at the 12th China International Aviation and Aerospace Exhibition (Airshow China).

The six-day exhibition concluded Sunday in Zhuhai, in south China's Guangdong Province. During the exhibition, 239 aircraft were traded, according to the organizer.

A total of 770 firms, including Boeing...

13.11.2018

China’s monetary policy eyes boosting capital markets

China's central bank is focused on further boosting capital markets and facilitating corporate financing in order to raise confidence among private businesses and offset headwinds, both external and internal.

The clear signal came from the latest third-quarter China Monetary Policy Report released by the People's Bank of China late on Friday,...

China's central bank is focused on further boosting capital markets and facilitating corporate financing in order to raise confidence among private businesses and offset headwinds, both external and internal.

The clear signal came from the latest third-quarter China Monetary Policy Report released by the People's Bank of China late on Friday,...

13.11.2018

Russia’s 1st cruise liner to be ready for tests in 2019

An ocean cruise liner under construction at the Russian Lotus Shipyard in Astrakhan will be ready for water trials next year. Russia hasn’t built vessels of such class for more than 60 years.

The keel of the PV300 cruise ship with a capacity of 300 passengers was laid down at the...

An ocean cruise liner under construction at the Russian Lotus Shipyard in Astrakhan will be ready for water trials next year. Russia hasn’t built vessels of such class for more than 60 years.

The keel of the PV300 cruise ship with a capacity of 300 passengers was laid down at the...

13.11.2018

Lukoil estimates losses from measures to stabilise fuel prices at $125.5 mln

Russia’s oil major Lukoil estimates the company’s losses from measures to stabilise prices on the fuel market at 8.5 bln rubles ($125.5 mln) for the past four months, Chief Executive Officer Vagit Alekperov said on Monday.

"Of course, we incur losses on the retail market, similar to all producers. Today our...

Russia’s oil major Lukoil estimates the company’s losses from measures to stabilise prices on the fuel market at 8.5 bln rubles ($125.5 mln) for the past four months, Chief Executive Officer Vagit Alekperov said on Monday.

"Of course, we incur losses on the retail market, similar to all producers. Today our...

13.11.2018

Azeri state oil company to increase Black Sea terminal’s throughput

Black Sea oil terminal of the Azerbaijani state oil company SOCAR in Georgia's Kulevi port has transshipped 24.2 million tons of crude oil and oil products from the beginning of operations on May 16, 2008 until today.

The State Oil Company said it is expected that the volume of transshipment from...

Black Sea oil terminal of the Azerbaijani state oil company SOCAR in Georgia's Kulevi port has transshipped 24.2 million tons of crude oil and oil products from the beginning of operations on May 16, 2008 until today.

The State Oil Company said it is expected that the volume of transshipment from...

Prices and Statistics

13.11.2018

Commodities

Date: November 13, 2018; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 59.15 -0.78 -1.30% Dec 2018 11:28 PM
CO1:COMBrent Crude (ICE) USD/bbl. 69.44 -0.68 -0.97% Jan 2019 11:28 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 162.13 -1.54 -0.94% Dec 2018 11:15 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.93 +0.14 +3.70% Dec 2018 11:28 PM
HO1:COMHeating Oil (Nymex) USd/gal. 214.64 -0.92 -0.43% Dec 2018 11:15 PM
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,204.90 +1.40 +0.12% Dec 2018 11:28 PM
XAUUSD:CURGold Spot USD/t oz. 1,204.14 +3.77 +0.31% N/A 11:38 PM
SI1:COMSilver (Comex) USD/t oz. 14.06 +0.04 +0.31% Dec 2018 11:28 PM
HG1:COMCopper (Comex) USd/lb. 269.30 +1.65 +0.62% Dec 2018 11:28 PM
XPTUSD:CURPlatinum Spot USD/t oz. 847.30 +7.08 +0.84% N/A 11:38 PM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 370.50 -0.75 -0.20% Dec 2018 11:27 PM
W 1:COMWheat (CBOT) USd/bu. 517.50 -2.25 -0.43% Dec 2018 11:27 PM
CC1:COMCocoa (ICE) USD/MT 2,248.00 -39.00 -1.71% Mar 2019 1:29 PM
CT1:COMCotton #2 (ICE) USd/lb. 78.55 +0.30 +0.38% Mar 2019 11:27 PM
LC1:COMLive Cattle (CME) USd/lb. 118.00 +0.20 +0.17% Feb 2019 2:04 PM

Date: November 13, 2018; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 59.15 -0.78 -1.30% Dec 2018 11:28 PM
CO1:COMBrent Crude (ICE) USD/bbl. 69.44 -0.68 -0.97% Jan 2019 11:28 PM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 162.13 -1.54 -0.94% Dec 2018 11:15 PM
NG1:COMNatural Gas (Nymex) USD/MMBtu 3.93 +0.14 +3.70% Dec 2018 11:28 PM
HO1:COMHeating Oil (Nymex) USd/gal. 214.64 -0.92 -0.43% Dec 2018 11:15 PM

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,204.90 +1.40 +0.12% Dec 2018 11:28 PM
XAUUSD:CURGold Spot USD/t oz. 1,204.14 +3.77 +0.31% N/A 11:38 PM
SI1:COMSilver (Comex) USD/t oz. 14.06 +0.04 +0.31% Dec 2018 11:28 PM
HG1:COMCopper (Comex) USd/lb. 269.30 +1.65 +0.62% Dec 2018 11:28 PM
XPTUSD:CURPlatinum Spot USD/t oz. 847.30 +7.08 +0.84% N/A 11:38 PM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EST) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 370.50 -0.75 -0.20% Dec 2018 11:27 PM
W 1:COMWheat (CBOT) USd/bu. 517.50 -2.25 -0.43% Dec 2018 11:27 PM
CC1:COMCocoa (ICE) USD/MT 2,248.00 -39.00 -1.71% Mar 2019 1:29 PM
CT1:COMCotton #2 (ICE) USd/lb. 78.55 +0.30 +0.38% Mar 2019 11:27 PM
LC1:COMLive Cattle (CME) USd/lb. 118.00 +0.20 +0.17% Feb 2019 2:04 PM
13.11.2018

Exchange Rates

Date: November 13, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 374.47
1 EURO EUR / KZT 421.43
1 RUSSIAN ROUBLE RUB / KZT 5.54
1 CHINESE YUAN CNY / KZT 53.77
1 KYRGYZIAN SOM KGS / KZT 5.39
1 GREAT BRITAIN POUND GBP / KZT 481.04
1 CANADIAN DOLLAR CAD / KZT 283.47
1 AUSTRALIAN DOLLAR AUD / KZT 269.43

Date: November 13, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

374.47

1 EURO

EUR / KZT

421.43

1 RUSSIAN ROUBLE

RUB / KZT

5.54

1 CHINESE YUAN

CNY / KZT

53.77

1 KYRGYZIAN SOM

KGS / KZT

5.39

1 GREAT BRITAIN POUND

GBP / KZT

481.04

1 CANADIAN DOLLAR

CAD / KZT

283.47

1 AUSTRALIAN DOLLAR

AUD / KZT

269.43