President Kassym-Jomart Tokayev has received today Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev.

The Head of State was reported about priority areas of the EEC activity.

The sides discussed the state and prospects for further development of the Eurasian Economic Union.

Kassym-Jomart Tokayev was also informed about the course...

President Kassym-Jomart Tokayev of Kazakhstan had a meeting with Chairman of the National Security Committee Yermek Sagimbayev.

Sagimbayev reported on the key outcomes of the Committee’s work since the start of the year and the tasks for the upcoming period.

According to him, the NSC foiled four terror plots, convicting 84 persons...

The Head of State received Chairman of the National Security Committee Yermek Sagimbayev, Kazinform news agency reports with reference to Akorda's press service.

The President heard a report on the main results of the department's work since the beginning of the year and tasks for the coming period.

Yermek Sagimbayev said that...

Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu on the margins of the 31st meeting of the Council of Ministers of Foreign Affairs (CMFA) of the Organization for Security and Co-operation in Europe (OSCE) met with the heads of foreign ministries of Armenia,...

Chairman of the Senate of the Parliament of the Republic of Kazakhstan Maulen Ashimbayev held a meeting with the President of Nazarbayev University, Professor Vaqar Akhmad.

Maulen Ashimbayev noted that the development of science is an absolute priority of state policy. On behalf of the President of the country, systemic measures...

The Government of Kazakhstan told about the key initiatives and achievements of the year aimed at improving the quality of life of Kazakhstanis and the implementation of long-term socio-economic goals of the country.

In 2024, Kazakhstan continued to actively develop the social sphere. In his Message, the President of Kazakhstan pointed...

Every fifth resident of Kazakhstan is considering leaving the country, though not everyone can afford to do so. Meanwhile, 78.5% of respondents have no plans to leave the country any time soon, according to a recent survey conducted by the Demoscope Bureau.

“Every fifth respondent (21%) is thinking about moving out...

Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu held a series of bilateral meetings with counterparts from Armenia, Austria, Cyprus, and the European Union (EU) on Dec. 4 in Ta’ Qali, Malta. The discussions were held alongside the 31st Council of Foreign Ministers of the Organization for Security and...

Syndicated lending, when banks join together to finance a single project that they would not be able to raise individually, has long been the most anticipated instrument for financing large projects. After the change in legislation, this tool is being used more and more actively.

Syndicated loans are loans with the...

Kazakhstan’s service sector activity saw renewed gains in November, following a contraction in October, according to purchasing managers’ index (PMI) data released by Freedom Holding Corp and S&P Global on December 5.

“November data marked a renewed rise in service sector activity across Kazakhstan, amid a fresh improvement in underlying demand trends,” the...

The trading volume on the Investment Trade Solution (ITS) platform reached a record high of $66 million in November, marking a 71% ($27.5 million) rise compared to the previous month. Meanwhile, the same indicator for the Astana International Exchange (AIX) decreased by 30.8% month-on-month to $121 million.

ITS CEO Chingiz Kanapyanov highlighted that...

To clarify what types of financial instruments are available to non-accredited (unqualified) Kazakhstani investors, Kursiv.media reached out to Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM) for comment. According to the agency, the law permits non-accredited investors to purchase structured notes that meet strict rating and listing...

The Eurasian Development Bank (EDB) expects Kazakhstan's economy to grow by 4.5% in 2024, according to the bank's macroeconomic review. In June, the EDB forecast GDP growth of 5% this year.

"Growth in the industrial sector is expected to slow down in the 4th quarter of 2024. The reason will be...

The Purchasing Managers' index (PMI) of the services sector of Kazakhstan, calculated by Freedom Holding Corp., amounted to 50.8 points in November, which is 3.6% (1.8 points) more than in October. The holding believes that new orders, marketing campaigns and the launch of new products contributed to the growth.

The resumption...

The National Bank will continue to adhere to a strict monetary policy. This opinion was expressed by EDB analysts. According to the macroeconomic forecast for 2025-2027, the base rate in Kazakhstan will be above 15% until April next year. This expectation is due to the persistence of inflationary risks.

"A steady...

In 2024, the total withdrawal of money from the National Fund will exceed 6 trillion tenge. This was announced by the chairman of the National Bank Timur Suleimenov. During the specified period, the volume of direct transfers from the National Fund will amount to 5.6 trillion tenge.

Against this background, the...

The National Bank will not compensate Kazakhstanis for 10% of deposits, as it was in 2022 with the growth of the dollar after the outbreak of the war between Russia and Ukraine. This was announced by the chairman of the bank Timur Suleimenov.

On the sidelines of the Senate, journalists asked...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on December 5, 2024 at 17:00 amounted to 523.96 tenge. Compared with the data at 17:00 on December 4 (523.81 tenge per 1 dollar), the national currency against the dollar weakened by 0.60 tenge.

According to KASE, at the...

OPEC+ ministers, including those of Russia, Kazakhstan and Azerbaijan, have approved the extension of oil production quotas in force in 2025 for the whole of 2026, according to a press release from the organisation.

It is noted that the meeting was held to strengthen the precautionary measures of the OPEC+ countries...

The government of Kazakhstan, despite the statements of the country's Energy Minister Almasadam Satkaliyev about reducing oil production in the country to 88.4 million tonnes, puts completely different figures in the country's budget. This became known during the plenary session of the Senate on Thursday, during which amendments to the...

Russian petrochemical SIBUR Holding, which together with KazMunayGas is a participant in the Kazakh companies Sileno (polyethylene) and Kazakhstan Petrochemical Industries Inc. (KPI, polypropylene), plans to offer investors about 2% of shares in the coming months as part of an initial public offering (IPO), RBC reported, citing sources.

"In the coming...

Kazakhstan is not considering the possibility of buying the share of Russian Rosneft in an oil refinery in the city of Schwedt (Germany), Advisor to the Minister of Energy Shyngys Ilyasov told.

"Currently, KazMunayGas is not considering the option of buying Rosneft's stake in the Schwedt oil refinery in Germany. KMG...

After a three-week strike and regular negotiations, on the morning of December 5, the workers of Ozenmunaigas went on shift in full force. This was reported in KazMunayGas, explaining that the issues of concern to OMG employees will be considered by the conciliation commission.

"On December 5, 2024, regular negotiations were...

In December, Kazakhstan launched a pilot project aimed at supporting citizens receiving targeted social assistance and housing assistance in Shymkent and West Kazakhstan region, with reference to the press service of the Ministry of Energy.

"The Ministry of Energy of Kazakhstan, together with QazaqGaz Aimaq, announces the launch in December 2024...

Kazakh coal supplies to Poland and Latvia continue to fall. These are some of the main buying countries. In January-September of this year, 79.8 million tonnes of hard and brown coal were mined in the country. This is 5.7% less than in the same period last year.

Exports of coal decreased...

The National Bank of Kazakhstan ranked fourth in the world in terms of net purchases of gold in October 4.2 tonnes. The leaders in the acquisition of this precious metal were India (26.9 tonnes), Turkiye (16.6 tonnes) and Poland (7.5 tonnes). This is evidenced by the data of the World...

KAZ Minerals Group has reduced the volume of metal production in the first nine months of this year compared to the same period last year, with reference to the company's press service.

"In the first nine months of 2024, KAZ Minerals Group produced 287 thousand tonnes of copper. This volume is...

Ulba Metallurgical Plant site (UMP, 100% subsidiary of Kazatomprom) will begin geological exploration at the Karajal deposit in the Abay region to confirm beryllium reserves, UMP reported.

"The purpose of the work is a general assessment of the prospects for beryllium production of the licensed territory, identification of possible industrial mineralisation...

The Board of Directors of the gold mining company Solidcore Resources plc has approved the start of construction of the Ertis hydrometallurgical plant (EGMK or formerly Irtysh MMC), the company said.

"Solidcore Resources plc is pleased to announce that the company's board of directors has approved the start of construction of...

The Head of Sate stressed the importance of a systematic approach to the implementation of these initiatives, President of Kazakhstan Kassym-Jomart Tokayev instructed to complete the preparation and approve by the end of the year a national project for the modernisation of energy and communal infrastructure for 10 trillion tenge....

20 projects are expected to be launched in the Zhetysu region by the end of this year. The regional administration told the details.

In response to the editorial board's request, it is reported that they are currently under implementation. All of the following facilities are launched by Kazakhstani companies without foreign...

This was announced by governor of the Zhambyl region Yerbol Karashukeyev at a press conference of the Central Communications Service.

Since the beginning of the year, short-term economic growth has been achieved at the level of 104.5% due to growth in industry by 0.8%, construction by 22.6%, housing commissioning by 3.5%,...

Kazakhstan plans to introduce labelling and traceability of light industry goods. The regulatory impact analysis was published by the Ministry of Industry and Construction, and its discussion will last until December 9, 2024.

"Today, the volume of shadow turnover of light industry goods in Kazakhstan is 59%, in value terms 925,502...

LC Waikiki, a prominent retailer from Turkey, is building a new logistics center worth $12 million, Kazakh Invest reported. This facility will serve as a distribution hub in Central Asia.

Representatives of LC Waikiki revealed some details of the project during a meeting with Gabidulla Ospankulov, chair of the Investment Committee of...

Potatoes and onions have risen in price in Kazakhstan. As of December 3 of this year, prices for socially important products increased by 0.9% in Kazakhstan compared to the figures at the beginning of January, the Bureau of National Statistics reports.

Potatoes (+31.3%), onions (+20.7%), butter (+8.4%), bread (+7.1%), chicken (+6.4%)...

The food corporation will reduce investments in fixed assets of its grain terminal in the port of Aktau by 1.7 times due to Russia's actions, follows from the draft resolution published on the Open NPAs portal.

The changes will affect investments in fixed assets of Ak Bidai-Terminal. Due to the geopolitical...

A large greenhouse is being built in the Turkestan region with the participation of a company from Russia. According to the regional administration, the project is being implemented in the Kelessky district. It is noted that the construction of the country's largest greenhouse complex is underway with the participation of...

Prime Minister of Kazakhstan Olzhas Bektenov has arrived in Kyrgyzstan for a working visit to attend the 12th meeting of the Kyrgyz-Kazakh Intergovernmental Council.

During the meeting, the Ministries of Agriculture of Kyrgyzstan and Kazakhstan signed a Roadmap to increase mutual supplies of agricultural products for 2024-2025.

The main objective of the...

This year nearly 11,200 hectares of sugar beet were cultivated in Zhambyl region with an average yield of 650 centners per hectare. Over the past five years sugar beet yield did not surpass 350 centners per hectare, Zhambyl region governor Yerbol Karashukeyev told a press conference at the central communications...

According to the DataReportal report, released in October 2024 and surveying the world Wide Web, the number of individual Internet users in the world amounted to 5.52 billion people 2.8% more than a year earlier.

Of these, 5.22 billion people use social networks. The number of unique users of social networks...

The air carrier FlyArystan contacted the police due to embezzlement of money in the company. According to some reports, we are talking about the amount of over one billion tenge. Law enforcement agencies have already launched an investigation into the airline's statement.

"The management of FlyArystan Airline revealed the facts of...

The actions of KazAvtoZhol revealed signs of violation of antimonopoly legislation. The inspection was conducted by the Department of the Agency for the Protection and Development of Competition in Astana, with reference to the press service of the APDC.

The agency explained that KazAvtoZhol recommended KazNIISA to include in the design...

The Ministry of Transport of Kazakhstan told how the system of distribution of foreign permits for cargo transportation was reformed for carriers. For example, now the entire application review process has been fully automated, thereby reducing the time for issuing permits and eliminating the corruption factor. The distribution of forms...

On December 5, the Eurasian Development Bank and Eurasian Logistics Park signed a loan agreement for the construction of a Class A industrial and logistics complex in the Almaty region of Kazakhstan. The loan amount is 16.6 billion tenge.

The agreement was signed in Almaty on the eve of the Second...

This revenue structure of the company was formed due to the rigidity of the tariff policy in relation to domestic and part of export cargo transportation. The current level of KTZ tariffs is the lowest among the CIS and EAEU countries. It is 2-2.5 times lower than Russian, 1.6 times...

The Kazakhstan Temir Zholy national company has been increasing the tariff for regulated services of mainline railway networks for the period 2024-2025 since December 6.

The change in the level of tariffs and tariff estimates for the services of the Ministry of Housing and Communal Services was previously approved by the...

On December 4, the law on changes in the field of traffic came into force. The key point of the changes is the introduction of liability for exceeding the average speed on straight sections, which will be recorded by cameras.

The average speed is calculated by dividing the distance travelled by...

Kcell reported that this morning there was a decrease in the speed of Internet access for individual subscribers on the company's network. The reason was the incorrect operation of the equipment due to a technical error.

"The company's specialists carried out urgent restoration work, including with the involvement of experts from...

This morning, subscribers of Kcell and Activ mobile operators faced communication and Internet outages. According to Kcell, there was a decrease in Internet speed for individual subscribers on the company's network. The reason was the incorrect operation of the equipment due to a technical error.

The company's specialists carried out urgent...

The Eurasian Development Bank (EDB) and Eurasian Logistics Park LLP have signed a loan agreement for the construction of a Class A industrial and logistics complex in the Almaty region on Dec. 5. The loan stands at 16.6 billion tenge (US$ 31 million). The agreement was signed in Almaty on...

The representatives of the EEC discussed a project on cooperation in the field of intellectual property in technoparks of the countries of the Eurasian region.

Work in this direction, as noted in the EEC, is necessary to expand the capabilities of technoparks to commercialize the results of intellectual activity.

The Director of...

The results of a sociological survey on the results of the year, the level of trust in the President, as well as support for the strategic course of development of Kazakhstan in the outgoing year were presented at the Kazakhstan Institute for Strategic Studies under the President of Kazakhstan.

1,200 respondents...

Cinema ticket prices in Kazakhstan in October this year averaged 2.1 thousand tenge, 5% more than a year earlier. The highest price increase was recorded in the Karaganda region: by 27.7% at once. A significant increase in prices was also noted in the Kostanay (by 16.4%) and East Kazakhstan (by...

Up to 50% of diabetic patients remain undetected in Kazakhstan, Senator Zhanna Asanova said. She also stressed the need to strengthen prevention and treatment to combat this disease in her dept.

"Today, more than 500 thousand patients with this disease have been registered in Kazakhstan, and their number continues to grow....

The Austria-based company provides planning and construction of a process system, through the cleanroom design, up to the technical building infrastructure

Pharmaceutical design and build expert ZETA has opened a new subsidiary in Kazakhstan.

This new subsidiary will be called ZETA Solutions.

This expansion is part of ZETA's continuing global expansion that has...

On December 4, the Ministry of Finance placed a record amount of OFZ in the amount of over 1 trillion rouble. The volume of attraction also turned out to be a record 964 billion rouble. According to market participants, the main demand was presented by the largest systemically important banks....

Oil and gas revenues of the federal budget in November amounted to 802 billion rouble, having decreased both by October 2024 (by 34% at once) and by November 2023 (by 17%). In general, for 11 months such receipts amounted to 10.341 trillion rouble. (26% more than it was in January-November...

The Russian stock market continues to slide down, and volatility is high. Yesterday's inflation statistics in Russia did not go unnoticed, and participants' fears about a tougher decision by the Central Bank in December intensified. By 14:00 Moscow time, the Moscow Stock Exchange index was losing 1% and amounted to...

The Organisation for Economic Cooperation and Development (OECD) has improved its forecast for Russia's economic growth in 2024 to 3.9% from 3.7% expected in September. The estimate of the country's GDP growth in 2025 is confirmed at 1.1%.

In 2026, the OECD expects the Russian economy to grow by 0.9%.

The official...

The White House on Tuesday at a regular strategic session discussed the issues of linking the updated national projects with the goals of technological development. In general, as announced by the head of government Mikhail Mishustin, the framework for work to ensure the technological leadership of Russia is almost ready....

Russian Railways expects loading in the amount of 1 billion 241 million tonnes in 2025, Vadim Mikhailov, First Deputy head of Russian Railways, told reporters on the sidelines of the Verona Eurasian Economic Forum, answering a question about the loading forecast for next year.

As reported, by the end of this...

A squadron of the Russian Navy, consisting of four ships, arrived in the port city of Qingdao on Thursday. Shandong is in eastern China on a five-day friendly visit, the Naval Forces of the People's Liberation Army of China said in a statement.

During their stay in Qingdao, officers and soldiers...

Trading on Chinese stock exchanges ended today with an increase in quotations. The Shanghai Composite index, reflecting the situation on the Shanghai Stock Exchange, increased by 0.12%. compared with the results of the previous trading day, it amounted to 3368.86 points.

The Shenzhen Component indicator, which is an indicator of business...

Despite the temperature drop, the passion for marathons remains hot. Only from November 2 to 3, more than 30 marathons and other road running competitions were held throughout China, in which, according to incomplete statistics, about 400 thousand people took part.

The marathon craze has also spread across Chinese social media,...

Date: December 06, 2024; Source: Bloomberg.com

Date: December 6, 2024; Source: the National Bank of Kazakhstan