News: Wednesday, July 11, 2012 -- Issue 1556 
Article of the Day
No paradise outside of Kazakhstan - Nazarbayev
There is no paradise outside of Kazakhstan, President of Kazakhstan Nursultan Nazarbayev declared in his article titled, The Social Modernization of Kazakhstan: Twenty Steps to a Society of Universal Labor," which was published today in Kazakhstanskaya Pravda.
"Our young people should not live with illusions. It is not paradise outside of Kazakhstan. We must work hard and realize the potential of our native Kazakhstan. To do so, the state is creating and will continue creating all needed conditions," Nursultan Nazarbayev stated.
"I have always stressed, and will continue to emphasize the importance of the younger generation for the future of Kazakhstan," he said.
In his view, Kazakhstan needs to modernize the law on state youth policy.
"We need law on guarantees of employment and a social package for young professionals," the president added, according to CA-News.
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Kazakhstan General
Expanstion of cooperation between Kazakhstan and EU to be discussed in Astana
Expansion of cooperation between Kazakhstan and the European Union will be discussed in Astana, Tengrinews.kz reports citing the Official Spokesperson to Kazakhstan’s Foreign Ministry Altay Abibullayev ...
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Parliament MPs must work considerably harder - Nazarbayev
President Nursultan Nazarbayev has instructed the government together with the parliament and the Nur Otan People's Democratic Party to develop and submit for approval a deeply-researched ...
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Oil and Gas Sector
KazTransGas named sole national operator for gas supplies
Following a respective government decree as of July 5, KazTransGas has been designated the sole national operator for gas supplies in Kazakhstan, a company press message ...
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KazMunaiGas announces tender for water supply system alteration
KazMunaiGas has announced tender for alteration of the existing water supply system.
The services should be rendered in the city of Astana within 30 days after the ...
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Keppel Kazakhstan to build $242 million KFELS B Class jack-up for Caspian
Keppel Kazakhstan and its consortium partner Ersai Caspian Contractor have secured a contract from Teniz Burgylau for a KFELS B Class jack-up rig worth $242 million.
Scheduled ...
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Canadian dollar drops on oil drop, concern earnings will weaken
By Chris Fournier
Canada’s dollar dropped as investors sought the safety of its U.S. counterpart on concern corporate earnings will trail median forecasts, hampering risk appetite.
The ...
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Finance and Investment
World Bank tagged Kazakhstan investment heaven
“According to the World Bank, Kazakhstan is now among the top 20 nations that are most attractive for foreign investments, and the presence of global companies ...
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Kazakhstan brings $57 billion into its economy over 3 years
The country’s industrialization program has allowed it to develop a systematic approach to attracting foreign investments.
US $57 bln in investments has been brought into to ...
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S&P affirms long-term credit rating of Tsesnabank (Kazakhstan) at Â; outlook Stable
Standard & Poor’s Ratings Services said today it had revised its outlook on Kazakhstan-based Tsesna Bank to stable from negative and affirmed its ‘B’ long-term counterparty ...
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Metals and Minerals
Metals, oil fall on new signs of China's slowdown
By Sandy Shore
Industrial metals and oil prices are dropping as new signs of a slowdown in the Chinese economy suggest that demand for basic materials ...
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Trade and Consumer Goods
Living wage totaled $115 in June
The per capita average subsistence minimum calculated based on minimum standards for the consumption of basic food products rose by 6.6% in June 2012 compared to ...
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Communications and Transportation
Switzerland, Kazakhstan eye investments into railway industry
A Kazakh-Swiss business forum on railway engineering took place on Tuesday (July 10) in Astana.
The event was organized by the Ministry of Industry and New Technologies ...
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Kazakh-Swiss Transport Roundtable set for tomorrow at Rixos in Almaty
A Kazakh-Swiss roundtable on engineering and transportation is planned for Thursday, July 12 at the Rixos Almaty Hotel in Almaty.
The roundtable will focus on attracting ...
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Kazakhstan opens direct flights to Mumbai and Goa
Kazakhstan plans to open direct flights to India’s largest financial center Mumbai and the tourist resort of Goa, the Ministry of Transport and Communications said.
Such an ...
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Real Estate
Uzbek prosecutors impound Quvasoycement accounts, 60% belonging to Kazakh UCG
Prosecutors in Uzbekistan have impounded banking accounts owned by the Quvasoycement open joint stock company, a statement from the cement producer said.
The company added that prosecutors ...
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New York City mayor promotes 'micro' apartments
New York City Mayor Michael Bloomberg on Monday launched a tender for the construction of "micro-apartments" in the Big Apple, where rents are exorbitant and the ...
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People and Professional Development
Troika Dialog strengthens investment bank offering with M&A execution specialist
Troika Dialog, one of the leading full service investment houses in the CIS, today announces the appointment of Sergei Khaliullin as a director in the Mergers ...
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Education
Training of poly-lingual teachers will start this year in Kazakhstan
The training of poly-lingual teachers will start this year in Kazakhstan. On July 9 a meeting took place to discuss the development of poly-lingual education with ...
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Kazakhstan names its best universities in 2012
The independent Kazakh Agency for Education Quality Assurance has summarized the results of its research on higher education institutions in Kazakhstan in 2011-2012.
The ranking of the ...
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Pharmaceutical and Healthcare News
UPMC to Assist Kazakhstan in Creating National Center for Cancer Care and Research
Based on its worldwide reputation for advanced cancer treatment and research, UPMC (http://www.upmc.com/Pages/default.aspx) has been selected by Nazarbayev University in Kazakhstan to conduct a feasibility study ...
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Regional News
Pillay knocks Kyrgyzstan for corruption, torture
UN High Commissioner for Refugees (UNHCR) Navi Pillay sharply criticized Kyrgyzstan on Tuesday for high levels of corruption and continuing abuse against Uzbek minorities in the ...
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Prices and Statistics
Volume and Share Index by Visor Capital
Data: July 11, 2012; Source: Visor Capital
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Market Movers by Visor Capital
Date: July 11, 2012; Source: Visor Capital
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Oil and Gas Prices
Data: July 11, 2012; Source: Bloomberg.com
| Petroleum
($/bbl) |
|
Price* |
Change |
%Change |
Time |
| Nymex Crude Future |
84.61
|
0.70 |
0.83
|
01:27 |
| Dated Brent Spot |
98.72 |
0.59 |
0.60
|
01:37 |
| WTI Cushing Spot |
83.91 |
-2.08
|
-2.42
|
07/10 |
| Petroleum
(cent/gal) |
|
Price* |
Change |
%Change |
Time |
| Nymex Heating Oil Future |
273.22
|
1.27
|
0.47
|
01:20
|
| Nymex RBOB Gasoline Future |
273.98
|
-0.71 |
-0.26 |
01:16 |
| Natural gas
($/MMBtu) |
|
Price* |
Change |
%Change |
Time |
| Nymex Henry Hub Future |
2.77 |
0.03 |
1.10 |
01:27 |
| Henry Hub Spot |
2.87 |
0.09 |
3.24 |
07/10 |
| New York City Gate Spot |
3.03
|
0.04
|
1.34 |
07/10
|
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Commodities
Date: July 11, 2012; Source: Bloomberg.com
| Commodity |
Price |
Change |
%Change |
Time |
| COPPER FUTURE (USd/lb.) |
339.350 |
-0.450 |
-0.13 |
01:21 |
| GOLD 100 OZ FUTR (USD/t oz.) |
1,574.400
|
-5.400
|
-0.34
|
01:24 |
| SILVER FUTURE (USD/t oz.) |
26.930 |
0.048 |
0.18
|
01:22 |
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Metal Prices
Data: July 11, 2012; Source: Kitco.com
| Silver |
26.96 |
+0.15 |
| Platinum |
1425.00
|
+6.00
|
| Palladium |
577.00
|
+4.00
|
| Rhodium |
1,225.00 |
0.00
|
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Exchange Rates
Data: July 11, 2012; Source: the National Bank of Kazakhstan
| 1 USD |
KZT 149.86 |
1 CHF |
KZT 153.69 |
1 CNY |
KZT 23.54 |
1 TRY |
KZT 82.48 |
1 JPY |
KZT 1.89 |
| 1 EUR |
KZT 184.49 |
1 AUD |
KZT 153.17 |
1 KGS |
KZT 3.17 |
1 UZS |
KZT 0.08 |
1 BYR |
KZT 0.02 |
| 1 GBP |
KZT 232.75 |
1 CAD |
KZT 147.17 |
1 RUB |
KZT 4.57 |
1 KRW |
KZT 13.14 |
1 UAH |
KZT 18.51 |
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