The summit, along with the President of Kazakhstan, was attended by the President of the Russian Federation - Chairman of the SEEC Vladimir Putin, Prime Minister of Armenia Nikol Pashinyan, President of the Republic of Belarus Alexander Lukashenko, President of the Kyrgyz Republic Sadyr Japarov, from the observer states to the EAEU - President of the Republic of Uzbekistan Shavkat Mirziyoyev, President Republic of Cuba Miguel Mario Diaz-Canel Bermudez; invited - President of the Republic of Azerbaijan Ilham Aliyev, President of the Republic of Tajikistan Emomali Rahmon, as well as CIS Secretary General Sergei Lebedev and SCO Secretary General Zhang Ming.
The head of state in his speech noted that geopolitical upheavals have a significant impact on the economic situation around the world.
"This year, international financial institutions on average almost halved their forecasts for the development of the world economy. However, despite the pressure of external factors, our cooperation within the Eurasian Economic Union shows a positive trend. The participating countries maintain macroeconomic stability, increase economic growth and volumes of mutual trade. For my part, I would like to note that over the years of the EAEU’s activity, Kazakhstan’s trade turnover with other member countries of the Union has grown by 74%, while exports have grown by 98%. We consider this to be a good indicator,” Kassym-Jomart Tokayev said.
According to him, in the current geo-economic conditions, the overall priority is a more complete and effective disclosure of the potential of the Union.
"First of all, we are talking about the full implementation of the first of the four freedoms - the freedom of movement of goods. This is the formation of a single, truly barrier-free market and the provision of unhindered transit of goods to third countries. I believe that the achievement of these goals should become a key area of work for governments and the Eurasian Economic Commission "I am sure that at this stage of the development of integration in this matter, we must move away from the tactics of making "point decisions", situational agreements and manual control. We need a full-fledged, systematically functioning internal market of the union," the head of state said.
He believes that it is important to jointly expand markets for the goods of our exporters. According to the leader of Kazakhstan, one of the key goals of creating the Union is to obtain the most favorable trading conditions from third countries on the basis of a strong, coordinated joint position.
"It is important to continue a systematic dialogue with integration associations and countries with which cooperation is of economic interest to us. The Commission will promptly complete work on concluding agreements on a free trade zone with the United Arab Emirates, India, Egypt, Indonesia, and Israel. We should qualitatively strengthen interaction with the SCO, ASEAN, MERCOSUR and other international organizations," the President of Kazakhstan stressed.
In his opinion, it seems important to develop and formalize the institution of an observer under the Union. He believes that this institution should become a mechanism for effective and mutually beneficial cooperation.
"The Commission will have to work out the possibility of joining observer states to individual agreements within the Union, as well as the possibility of their participation in specific cooperation and infrastructure projects. I think our partners will be especially interested in cooperation in energy, agriculture, transport and logistics. I believe that The Commission needs to update the relevant list of agreements and projects," Kassym-Jomart Tokayev said.
An important direction in the President's speech was the development of industry. To strengthen cooperation in this direction, a number of multilateral cooperation projects and interstate programs have been launched. Successful cooperation on the Interstate Earth Remote Sensing Program was noted.
tire production. A number of large projects are on the way," the head of state stressed.
He believes that another important direction in further integration development may be the creation of new international transport arteries. Kassym-Jomart Tokayev expressed confidence that the EAEU will become a link between Europe and Asia, the global South and North.
Kazakhstan, of course, will do this, based on the understanding of the commonality of our efforts to create an appropriate cargo flow. A good example of our mutually beneficial cooperation is the construction of the Bakhty-Ayagoz railway. Its launch will significantly increase the capacity of both Kazakhstan and Russia in the direction of China. The possibility of joint investments in the construction of infrastructure in the sea and dry ports of Iran and Turkmenistan could also be considered. This will significantly expand the export geography of the Member States and strengthen our logistical capabilities," the President said. Its launch will significantly increase the capacity of both Kazakhstan and Russia in the direction of China. The possibility of joint investments in the construction of infrastructure in the sea and dry ports of Iran and Turkmenistan could also be considered. This will significantly expand the export geography of the Member States and strengthen our logistical capabilities," the President said. Its launch will significantly increase the capacity of both Kazakhstan and Russia in the direction of China. The possibility of joint investments in the construction of infrastructure in the sea and dry ports of Iran and Turkmenistan could also be considered. This will significantly expand the export geography of the Member States and strengthen our logistical capabilities," the President said.
Along with the development of physical infrastructure, the leader of Kazakhstan pointed out the extreme importance of developing substantive solutions to create a common digital system for the transit of goods. In his opinion, it should be reliable, but easy to use and based on advanced digital technologies.
"It is necessary to resolve the issues of using electronic seals, a guarantee system for prompt information exchange, as well as the development of the E-window system. These measures will create a common digital multimodal corridor that will speed up the flow of goods and optimize supply chains. There are great opportunities for joint work in the areas of digitalization , tourism, agro-industrial complex," Kassym-Jomart Tokayev said.
According to him, it is important to consistently and systematically realize the huge potential of the EAEU for the benefit of our countries.
"This is fundamentally important. After all, economic integration is, first of all, a key tool for achieving economic growth and the well-being of our citizens. Accordingly, the success or failure of integration efforts will be measured very simply - business and citizens should feel that they work and live better as a result of the work of the union. Only in this case, they will give the authorities a mandate of trust for further integration steps. Therefore, the Kazakhstani vision of the development of the Union is a consistent increase in the economic potential of our countries. That is, projects, technologies, jobs, taxes. I am absolutely sure that by joint efforts we will successfully fulfill all the tasks set before our tasks and bring the Eurasian Economic Union to a higher development trajectory," the head of state stressed.
At the end of his speech, the leader of Kazakhstan noted that next year the EAEU turns 10 years old, and a jubilee summit is planned.
"I believe that this landmark event should be a good occasion for a detailed analysis of the path traveled and the determination of the future strategic prospects of the Union. In this regard, I propose to instruct the Commission to prepare a Report on the first stage of Eurasian integration for the next meeting of the Supreme Council. It will present the main results and achievements ", as well as specific recommendations for further integration development. Of course, the tenth anniversary of our integration association is a significant milestone that should be celebrated at the appropriate level. It would be symbolic to hold the anniversary meeting in Astana, since the Treaty on the Establishment of the EAEU was signed in the capital of Kazakhstan", suggested the President of Kazakhstan.
As a result of the meeting, a number of documents were adopted.
By the Kazakhstanskaya Pravda
President Kassym-Jomart Tokayev of Kazakhstan participated in the regular session of the Supreme Eurasian Economic Council (SEEC) in Moscow.
Attending the session in the narrow format were Prime Minister of Armenia Nikol Pashinyan, President of Belarus Alexander Lukashenko, President of Kyrgyzstan Sadyr Zhaparov, President of Russia and SEEC Chairman Vladimir Putin...
President Kassym-Jomart Tokayev of Kazakhstan participated in the regular session of the Supreme Eurasian Economic Council (SEEC) in Moscow.
Attending the session in the narrow format were Prime Minister of Armenia Nikol Pashinyan, President of Belarus Alexander Lukashenko, President of Kyrgyzstan Sadyr Zhaparov, President of Russia and SEEC Chairman Vladimir Putin...
A meeting of the Defense Ministers Council of the Collective Security Treaty Organization (CSTO) took place in Minsk as part of Belarus’ chairmanship of the Organization.
The meeting was attended by the Defense Minister of Kazakhstan, Colonel-General Ruslan Zhaksylykov.
The Heads of the Defense Ministries discussed the issues of improving the crisis...
A meeting of the Defense Ministers Council of the Collective Security Treaty Organization (CSTO) took place in Minsk as part of Belarus’ chairmanship of the Organization.
The meeting was attended by the Defense Minister of Kazakhstan, Colonel-General Ruslan Zhaksylykov.
The Heads of the Defense Ministries discussed the issues of improving the crisis...
Kazakh-Belarus inter-ministerial consultations of experts on the inventory of the bilateral legal framework were held at the Ministry of Foreign Affairs of Kazakhstan.
The parties reviewed the list of bilateral interstate, intergovernmental and interagency agreements signed between the Republic of Kazakhstan and the Republic of Belarus from 1991 to 2023 and...
Kazakh-Belarus inter-ministerial consultations of experts on the inventory of the bilateral legal framework were held at the Ministry of Foreign Affairs of Kazakhstan.
The parties reviewed the list of bilateral interstate, intergovernmental and interagency agreements signed between the Republic of Kazakhstan and the Republic of Belarus from 1991 to 2023 and...
Small and medium-sized businesses are the backbone of the development of a market economy. Enterprises in the sector create jobs, pay taxes to the budget, put people's money into circulation, and help to fight monopolies. They keep the economy stable in times of crisis because they can rearrange their work...
Small and medium-sized businesses are the backbone of the development of a market economy. Enterprises in the sector create jobs, pay taxes to the budget, put people's money into circulation, and help to fight monopolies. They keep the economy stable in times of crisis because they can rearrange their work...
The Association of Financiers of Kazakhstan commented on the discussed changes in the exchange of banking data with the Ministry of Internal Affairs. In May, the project Concepts for Ensuring Public Security in Partnership with Society for 2024-2028 published by the Ministry of Internal Affairs appeared on the Open NPA...
The Association of Financiers of Kazakhstan commented on the discussed changes in the exchange of banking data with the Ministry of Internal Affairs. In May, the project Concepts for Ensuring Public Security in Partnership with Society for 2024-2028 published by the Ministry of Internal Affairs appeared on the Open NPA...
In the Zhambyl region, it is planned to implement 60 projects worth 1.9 trillion tenge by 2025. According to the governor of the Zhambyl region Nurzhan Nurzhigitov, 89.1 billion tenge of investments (+7.4%) have been attracted since the beginning of the year.
"According to the results of this year, it is...
In the Zhambyl region, it is planned to implement 60 projects worth 1.9 trillion tenge by 2025. According to the governor of the Zhambyl region Nurzhan Nurzhigitov, 89.1 billion tenge of investments (+7.4%) have been attracted since the beginning of the year.
"According to the results of this year, it is...
Kazakhstanis began to buy less dollar and euro. According to the National Bank, in April of this year, exchange offices sold foreign currency for 84.3 billion tenge. Whereas in January the figure amounted to 123.8 billion tenge, which is 31.9%, or 39.5 billion tenge, more.
In April, Kazakhstanis bought dollar for...
Kazakhstanis began to buy less dollar and euro. According to the National Bank, in April of this year, exchange offices sold foreign currency for 84.3 billion tenge. Whereas in January the figure amounted to 123.8 billion tenge, which is 31.9%, or 39.5 billion tenge, more.
In April, Kazakhstanis bought dollar for...
Kazakhstan plans to launch a new concessional business lending program. The Ministry of Industry and Infrastructure Development announced the details.
According to the agency, due to this program, domestic producers will have additional sources of funding.
"For them, the issue of launching affordable lending through the Industrial Development Fund and DBK at...
Kazakhstan plans to launch a new concessional business lending program. The Ministry of Industry and Infrastructure Development announced the details.
According to the agency, due to this program, domestic producers will have additional sources of funding.
"For them, the issue of launching affordable lending through the Industrial Development Fund and DBK at...
The general meeting of shareholders of the fintech holding Kaspi.kz approved the decision to pay dividends for the first quarter in the amount of 750 tenge per share, according to a message published on the website of the Kazakhstan Stock Exchange (KASE).
The exact amount of payments is not specified. The...
The general meeting of shareholders of the fintech holding Kaspi.kz approved the decision to pay dividends for the first quarter in the amount of 750 tenge per share, according to a message published on the website of the Kazakhstan Stock Exchange (KASE).
The exact amount of payments is not specified. The...
Halyk Bank and Bank RBK, the first and the eighth in terms of assets in Kazakhstan, have announced the issue of bonds, according to news reports on the KASE website.
In particular, the Board of Directors of Halyk Bank approved two bond issues for a total of $500 million. It is...
Halyk Bank and Bank RBK, the first and the eighth in terms of assets in Kazakhstan, have announced the issue of bonds, according to news reports on the KASE website.
In particular, the Board of Directors of Halyk Bank approved two bond issues for a total of $500 million. It is...
The Fincraft Resources Group, which is owned by the Fincraft Group, ended 2022 with a loss of 424.8 million tenge, according to the consolidated financial statements published on the KASE website.
At the end of 2021, the group's net loss was 4.4 billion tenge. This indicates that the group reduced its...
The Fincraft Resources Group, which is owned by the Fincraft Group, ended 2022 with a loss of 424.8 million tenge, according to the consolidated financial statements published on the KASE website.
At the end of 2021, the group's net loss was 4.4 billion tenge. This indicates that the group reduced its...
The professional association of accredited expert organisations Chamber of Expert Organisations seeks the cancellation of the initiative of the Ministry of Foreign Affairs of Kazakhstan and the draft order, which leads to an increase in the state monopoly in the field of expert activities, deprives private experts of a third...
The professional association of accredited expert organisations Chamber of Expert Organisations seeks the cancellation of the initiative of the Ministry of Foreign Affairs of Kazakhstan and the draft order, which leads to an increase in the state monopoly in the field of expert activities, deprives private experts of a third...
The increase in the share of Russian trade operations in national currencies is limited by the ratio of imports and exports with a particular country, as well as by the effect of capital restrictions. An alternative way to make payment transactions, however, could be the use of digital currencies, participants...
The increase in the share of Russian trade operations in national currencies is limited by the ratio of imports and exports with a particular country, as well as by the effect of capital restrictions. An alternative way to make payment transactions, however, could be the use of digital currencies, participants...
The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on May 25, 2023 at 17:00 amounted to 446.51 tenge. Compared to the data at 17:00 on May 23 (444.67 tenge per 1 dollar), the national currency weakened by 1.84 tenge against the dollar.
According to KASE, the minimum...
The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on May 25, 2023 at 17:00 amounted to 446.51 tenge. Compared to the data at 17:00 on May 23 (444.67 tenge per 1 dollar), the national currency weakened by 1.84 tenge against the dollar.
According to KASE, the minimum...
The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve.
Weekly initial jobless claims rose by 4,000 last week to 229,000,...
The dollar strengthened for a fourth straight session on Thursday against a basket of major peers to touch a two-month high, as U.S. data pointed to a resilient economy even after an aggressive rate hike cycle by the Federal Reserve.
Weekly initial jobless claims rose by 4,000 last week to 229,000,...
Problems at CPC and the accident at Kashagan held back Kazakh production last year.
Kursiv Research has compiled a ranking of major oil producing companies in Kazakhstan in terms of production in 2022. 10 majors accounted for 88.3% of the total oil produced in Kazakhstan.
In 2022, the volume of oil and...
Problems at CPC and the accident at Kashagan held back Kazakh production last year.
Kursiv Research has compiled a ranking of major oil producing companies in Kazakhstan in terms of production in 2022. 10 majors accounted for 88.3% of the total oil produced in Kazakhstan.
In 2022, the volume of oil and...
The profit of the Kazakh oil producing company Mangystaumunaigas in January-March 2023 decreased three times from 71.4 billion tenge to 23.4 billion tenge year-on-year. Such data follows from the consolidated financial statements of the company, published on the website of the Kazakhstan Stock Exchange (KASE).
The assets of Mangystaumunaigas have increased...
The profit of the Kazakh oil producing company Mangystaumunaigas in January-March 2023 decreased three times from 71.4 billion tenge to 23.4 billion tenge year-on-year. Such data follows from the consolidated financial statements of the company, published on the website of the Kazakhstan Stock Exchange (KASE).
The assets of Mangystaumunaigas have increased...
Scheduled repairs at the Tengiz field will be carried out in August, at Karachaganak in October. The department did not provide any other details.
The Tengiz oil and gas field is one of the largest in Kazakhstan, with oil reserves of 3.2 billion tonnes, located in the Atyrau region (western part...
Scheduled repairs at the Tengiz field will be carried out in August, at Karachaganak in October. The department did not provide any other details.
The Tengiz oil and gas field is one of the largest in Kazakhstan, with oil reserves of 3.2 billion tonnes, located in the Atyrau region (western part...
Top OPEC producers and their main allies, which include Russia and Kazakhstan, have given a raft of conflicting messages about next oil policy moves, making it particularly difficult to predict the outcome of the next OPEC+ meeting in early June.
Remarks by Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, the...
Top OPEC producers and their main allies, which include Russia and Kazakhstan, have given a raft of conflicting messages about next oil policy moves, making it particularly difficult to predict the outcome of the next OPEC+ meeting in early June.
Remarks by Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, the...
Oil prices fell on Thursday amid concerns about the US debt ceiling impasse and as Russia played down the chances of further Opec+ production cuts.
Brent, the benchmark for two thirds of the world’s oil, was trading 1.79 per cent lower at $76.95 a barrel at 3.40pm...
Oil prices fell on Thursday amid concerns about the US debt ceiling impasse and as Russia played down the chances of further Opec+ production cuts.
Brent, the benchmark for two thirds of the world’s oil, was trading 1.79 per cent lower at $76.95 a barrel at 3.40pm UAE time on Thursday.
West Texas Intermediate,...
The benchmark Dutch front-month gas contract slipped on Thursday to a near two-year low on high stock levels and weak demand due to milder temperatures.
The benchmark Dutch front-month contract inched down by 0.97 euro to 26.85 euro per megawatt hour (MWh) by 0848 GMT, near to its lowest level since...
The benchmark Dutch front-month gas contract slipped on Thursday to a near two-year low on high stock levels and weak demand due to milder temperatures.
The benchmark Dutch front-month contract inched down by 0.97 euro to 26.85 euro per megawatt hour (MWh) by 0848 GMT, near to its lowest level since...
National Atomic Company Kazatomprom published the results of absentee voting on each key issue included in the agenda of the meeting of the annual general meeting of shareholders. The voting results were summed up on May 25, 2023, the company's press service reports.
Shareholders approved a dividend per ordinary share (one...
National Atomic Company Kazatomprom published the results of absentee voting on each key issue included in the agenda of the meeting of the annual general meeting of shareholders. The voting results were summed up on May 25, 2023, the company's press service reports.
Shareholders approved a dividend per ordinary share (one...
The wives of the metallurgists visited the workplaces of their husbands the metallurgical giant ArcelorMittal Temirtau. The workers' wives visited the metallurgical plant of ArcelorMittal Temirtau. The visit to the enterprise began with a mandatory safety briefing. Representatives of the company spoke about the key technological processes and the work...
The wives of the metallurgists visited the workplaces of their husbands the metallurgical giant ArcelorMittal Temirtau. The workers' wives visited the metallurgical plant of ArcelorMittal Temirtau. The visit to the enterprise began with a mandatory safety briefing. Representatives of the company spoke about the key technological processes and the work...
Gold prices edged up on Thursday as investors waited for developments in drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to a more than two-month high.
Spot gold was 0.2% higher at $1,961.77 per ounce by 1155 GMT. U.S. gold futures eased 0.1%...
Gold prices edged up on Thursday as investors waited for developments in drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to a more than two-month high.
Spot gold was 0.2% higher at $1,961.77 per ounce by 1155 GMT. U.S. gold futures eased 0.1%...
Dalian iron ore futures slid to the lowest in nearly six months on Thursday on expectations that China’s demand for the steelmaking ingredient will remain sluggish during the typical summer lull in domestic construction activity.
Iron ore’s benchmark price in Singapore, however, somewhat stabilized after a five-session selloff, suggesting near-term prices...
Dalian iron ore futures slid to the lowest in nearly six months on Thursday on expectations that China’s demand for the steelmaking ingredient will remain sluggish during the typical summer lull in domestic construction activity.
Iron ore’s benchmark price in Singapore, however, somewhat stabilized after a five-session selloff, suggesting near-term prices...
Zinc prices fell to their lowest since July 2020 on Thursday as weak demand for the metal used to galvanise steel pushed the market into surplus and exchange inventories rose.
Prices have plunged 35% from a high in January as an economic recovery in China, zinc's biggest consumer, proved weaker than...
Zinc prices fell to their lowest since July 2020 on Thursday as weak demand for the metal used to galvanise steel pushed the market into surplus and exchange inventories rose.
Prices have plunged 35% from a high in January as an economic recovery in China, zinc's biggest consumer, proved weaker than...
Kazakhstan enters into bilateral agreements with large foreign companies because it does not hope that all investors who won auctions of renewable energy sources (RES) will implement their projects, said Aidos Daribayev, director of the Department of Electricity Development at the Ministry of Energy.
“We have approved a five-year auction schedule...
Kazakhstan enters into bilateral agreements with large foreign companies because it does not hope that all investors who won auctions of renewable energy sources (RES) will implement their projects, said Aidos Daribayev, director of the Department of Electricity Development at the Ministry of Energy.
“We have approved a five-year auction schedule...
In the second half of this year, auctions will be held for new projects of renewable energy sources (RES), where the emphasis will be on wind farms and hydroelectric power plants (HPPs), said Gulzhan Nalibayeva, Director General of the RFC (Settlement and Financial Centre) for RES.
“Under the new contracts, which...
In the second half of this year, auctions will be held for new projects of renewable energy sources (RES), where the emphasis will be on wind farms and hydroelectric power plants (HPPs), said Gulzhan Nalibayeva, Director General of the RFC (Settlement and Financial Centre) for RES.
“Under the new contracts, which...
Kazakhstan plans to open a plant for the production of sprinklers. According to Minister of Agriculture Yerbol Karashukeev, the country is working to attract investors who will be able to implement projects in this direction.
"For example, the Israeli company METZERPLAS (in the Almaty region) at its own expense plans to...
Kazakhstan plans to open a plant for the production of sprinklers. According to Minister of Agriculture Yerbol Karashukeev, the country is working to attract investors who will be able to implement projects in this direction.
"For example, the Israeli company METZERPLAS (in the Almaty region) at its own expense plans to...
In Kazakhstan, in April 2023, auto production increased by 51.4% compared to the same month a year earlier. This was reported in the Association of Kazakhstan Auto Business (AKAB).
According to the organisation, last month the country produced 12.9 thousand pieces of equipment with a total value of 146.8 billion tenge....
In Kazakhstan, in April 2023, auto production increased by 51.4% compared to the same month a year earlier. This was reported in the Association of Kazakhstan Auto Business (AKAB).
According to the organisation, last month the country produced 12.9 thousand pieces of equipment with a total value of 146.8 billion tenge....
The production of the Almaty Plant of Bridge Structures (AZMK) is used not only in the construction of bridges in Kazakhstan, but is also exported for laying railway lines to Uzbekistan. During the press tour, the head of AZMK Group, Shukhrat Shardinov, said that more than 4.5 billion tenge had...
The production of the Almaty Plant of Bridge Structures (AZMK) is used not only in the construction of bridges in Kazakhstan, but is also exported for laying railway lines to Uzbekistan. During the press tour, the head of AZMK Group, Shukhrat Shardinov, said that more than 4.5 billion tenge had...
Since the beginning of this year, most foreign goods have been brought to Almaty. In 1Q 2023, 1.7 million tonnes of foreign products were delivered to Almaty, which is almost 35% more than in the same period in 2022.
Actively imported goods were transported to the East Kazakhstan region at 1.3...
Since the beginning of this year, most foreign goods have been brought to Almaty. In 1Q 2023, 1.7 million tonnes of foreign products were delivered to Almaty, which is almost 35% more than in the same period in 2022.
Actively imported goods were transported to the East Kazakhstan region at 1.3...
In Kazakhstan, inflation is expected to decrease to 10% by the end of this year. According to Finance Minister Yerulan Zhamaubayev, last year the country faced an unprecedented situation when inflation exceeded 20%.
"This year, the task is to at least halve this figure. We have adopted a comprehensive plan. We...
In Kazakhstan, inflation is expected to decrease to 10% by the end of this year. According to Finance Minister Yerulan Zhamaubayev, last year the country faced an unprecedented situation when inflation exceeded 20%.
"This year, the task is to at least halve this figure. We have adopted a comprehensive plan. We...
Turkey's presidential election was one of the most discussed political events on the international news agenda in May. The results of the first round showed that the incumbent head of state, Recep Tayyip Erdoğan, has serious competition in the form of an opposition coalition that nominated Kemal Kılıçdaroğlu. According to...
Turkey's presidential election was one of the most discussed political events on the international news agenda in May. The results of the first round showed that the incumbent head of state, Recep Tayyip Erdoğan, has serious competition in the form of an opposition coalition that nominated Kemal Kılıçdaroğlu. According to...
Since the beginning of this year, cabbage and onions have risen in price most of all in Kazakhstan. So, from January 1 to May 23, 2023, prices for onions increased by 64.4%, white cabbage by 53.2%, rice by 19%, carrots by 13.4%, kefir by 10.8%. These data were published by...
Since the beginning of this year, cabbage and onions have risen in price most of all in Kazakhstan. So, from January 1 to May 23, 2023, prices for onions increased by 64.4%, white cabbage by 53.2%, rice by 19%, carrots by 13.4%, kefir by 10.8%. These data were published by...
More than 13.9 thousand applications for 301.5 thousand tonnes of cheaper diesel fuel were submitted by Kazakh farmers on the gosagro.kz portal, the press service of the Ministry of Agriculture of Kazakhstan reports.
According to the rules approved in April, the distribution of preferential fuel and lubricants for agricultural producers...
More than 13.9 thousand applications for 301.5 thousand tonnes of cheaper diesel fuel were submitted by Kazakh farmers on the gosagro.kz portal, the press service of the Ministry of Agriculture of Kazakhstan reports.
According to the rules approved in April, the distribution of preferential fuel and lubricants for agricultural producers is carried out...
It arrived at the Mileiko elite seed farm (part of the agricultural holding Aitas Agro), which is based in the village of Vinnoye near Ust-Kamenogorsk.
Mileiko cultivates 5,500 hectares of arable land. In the structure of crops, 30% is occupied by winter wheat. Also, the main crops are spring wheat, malting...
It arrived at the Mileiko elite seed farm (part of the agricultural holding Aitas Agro), which is based in the village of Vinnoye near Ust-Kamenogorsk.
Mileiko cultivates 5,500 hectares of arable land. In the structure of crops, 30% is occupied by winter wheat. Also, the main crops are spring wheat, malting...
Chicago soybean futures slid on Thursday, while corn was largely unchanged, as a lack of demand for both commodities amid bumper global supplies weighed on prices.
Wheat lost more ground, falling for a second straight session.
“Demand for corn and soybeans is not picking up at a time when the global supply...
Chicago soybean futures slid on Thursday, while corn was largely unchanged, as a lack of demand for both commodities amid bumper global supplies weighed on prices.
Wheat lost more ground, falling for a second straight session.
“Demand for corn and soybeans is not picking up at a time when the global supply...
As the President noted, an important direction in further integration development could be the creation of new international transport arteries.
"I am sure that our Economic Union will ultimately become a link between Europe and Asia, the global South and North. We welcome the intentions of the Russian Federation to form...
As the President noted, an important direction in further integration development could be the creation of new international transport arteries.
"I am sure that our Economic Union will ultimately become a link between Europe and Asia, the global South and North. We welcome the intentions of the Russian Federation to form...
Almaty Airport brought in half of the consolidated profit (EBITDA) of TAV Airports Holding in the first quarter of 2023.
In the first three months of 2023, Almaty Airport saw a significant increase in international cargo flows, we are also seeing a significant increase in international passenger traffic, TAV Airports Holding...
Almaty Airport brought in half of the consolidated profit (EBITDA) of TAV Airports Holding in the first quarter of 2023.
In the first three months of 2023, Almaty Airport saw a significant increase in international cargo flows, we are also seeing a significant increase in international passenger traffic, TAV Airports Holding...
During January-December 2022 the volume of advertising and market research services in Kazakhstan amounted to 355.1 billion tenge - 5.8% less in monetary terms than a year earlier. The IFO at the same time is only 85.4%, which shows a real reduction of 14.6% in the physical volume of services...
During January-December 2022 the volume of advertising and market research services in Kazakhstan amounted to 355.1 billion tenge - 5.8% less in monetary terms than a year earlier. The IFO at the same time is only 85.4%, which shows a real reduction of 14.6% in the physical volume of services...
Talks between aviation authorities of Kazakhstan and Great Britain were held on May 24-25 in London, according to the press service of the Civil Aviation Committee of the Republic of Kazakhstan.
Based on previous agreements between the Kazakh and British aviation authorities, Air Astana company performed direct Almaty-London-Almaty flights five times...
Talks between aviation authorities of Kazakhstan and Great Britain were held on May 24-25 in London, according to the press service of the Civil Aviation Committee of the Republic of Kazakhstan.
Based on previous agreements between the Kazakh and British aviation authorities, Air Astana company performed direct Almaty-London-Almaty flights five times...
Kazakhstan plans to inject almost 3 trillion tenge into the development of tourism. The Ministry of Culture and Sports announced the details. According to the tourism industry committee, this year a pool of 202 investment projects was formed with a total private investment of 2.8 trillion tenge. They are planned...
Kazakhstan plans to inject almost 3 trillion tenge into the development of tourism. The Ministry of Culture and Sports announced the details. According to the tourism industry committee, this year a pool of 202 investment projects was formed with a total private investment of 2.8 trillion tenge. They are planned...
Transit transportation of Chinese goods through Kazakhstan increased by 2.6 times and amounted to 1.1 million tonnes, the press service of the Ministry of Industry and Infrastructure Development of Kazakhstan reports.
According to statistics, last year the volume of bilateral transportation of goods from Kazakhstan and China increased by 65% and...
Transit transportation of Chinese goods through Kazakhstan increased by 2.6 times and amounted to 1.1 million tonnes, the press service of the Ministry of Industry and Infrastructure Development of Kazakhstan reports.
According to statistics, last year the volume of bilateral transportation of goods from Kazakhstan and China increased by 65% and...
Kazakhstan will have to consider the possibility of producing sustainable alternative aviation fuel (SAF). According to the press service of the Civil Aviation Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan, this became known at the forum Kazakhstan Aviation Dialogue.
The production of this type of fuel will...
Kazakhstan will have to consider the possibility of producing sustainable alternative aviation fuel (SAF). According to the press service of the Civil Aviation Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan, this became known at the forum Kazakhstan Aviation Dialogue.
The production of this type of fuel will...
Registered in the Netherlands holding company Yandex N.V. will offer investors several options for dividing a business into Russian and foreign. They can exchange their shares for a stake in a Russian company, receive cash compensation, a stake in international start-ups, or keep shares in Yandex N.V., Bloomberg writes, citing...
Registered in the Netherlands holding company Yandex N.V. will offer investors several options for dividing a business into Russian and foreign. They can exchange their shares for a stake in a Russian company, receive cash compensation, a stake in international start-ups, or keep shares in Yandex N.V., Bloomberg writes, citing...
In May 2023, the median inflation expected by the population in a year, according to FOM estimates for the Central Bank, rose to 10.8% from 10.4% in April. An increase in the indicator was recorded only among respondents without savings, while the expectations of the subgroup of respondents with savings...
In May 2023, the median inflation expected by the population in a year, according to FOM estimates for the Central Bank, rose to 10.8% from 10.4% in April. An increase in the indicator was recorded only among respondents without savings, while the expectations of the subgroup of respondents with savings...
On Thursday, May 25, expectant corrective moods were on the Russian market. In the middle of the day at 14.25 Moscow time, the Moscow Exchange index fell by 0.31% to 2,646.29 points, the RTS was in the red by 0.13%, trading at around 1,042.05 points.
The situation on external sites is...
On Thursday, May 25, expectant corrective moods were on the Russian market. In the middle of the day at 14.25 Moscow time, the Moscow Exchange index fell by 0.31% to 2,646.29 points, the RTS was in the red by 0.13%, trading at around 1,042.05 points.
The situation on external sites is...
The Bank of Russia may extend the right of financial organisations not to disclose information sensitive to sanctions risks until 2024, said Alexander Danilov, director of the Banking Regulation and Analytics Department of the Central Bank. “In principle, we would not like it to be revealed somehow in the foreseeable...
The Bank of Russia may extend the right of financial organisations not to disclose information sensitive to sanctions risks until 2024, said Alexander Danilov, director of the Banking Regulation and Analytics Department of the Central Bank. “In principle, we would not like it to be revealed somehow in the foreseeable...
The abolition of a significant part of the requirements for the composition and structure of assets of non-state pension funds (NPFs) with a simultaneous increase in the importance of stress testing is planned to be carried out in 2024, Olga Shishlyannikova, director of the investment financial intermediaries department at the...
The abolition of a significant part of the requirements for the composition and structure of assets of non-state pension funds (NPFs) with a simultaneous increase in the importance of stress testing is planned to be carried out in 2024, Olga Shishlyannikova, director of the investment financial intermediaries department at the...
The yuan currency weakened on Thursday, to near a six-month low against a broadly stronger U.S. dollar on Thursday, as investors remained concerned that China's post-COVID economic recovery was losing steam.
Prior to the market's open, the People's Bank of China (PBOC) set the daily midpoint rate at 7.0529 per U.S....
The yuan currency weakened on Thursday, to near a six-month low against a broadly stronger U.S. dollar on Thursday, as investors remained concerned that China's post-COVID economic recovery was losing steam.
Prior to the market's open, the People's Bank of China (PBOC) set the daily midpoint rate at 7.0529 per U.S....
China's blue chip index wiped out all of its 2023 gains while Hong Kong's key benchmark tumbled to a near six-month low, as a widening U.S.-China trade and technology dispute added to already weak sentiment around U.S debt ceiling negotiations.
China's CSI 300 Index slipped 0.22% , while the Shanghai Composite...
China's blue chip index wiped out all of its 2023 gains while Hong Kong's key benchmark tumbled to a near six-month low, as a widening U.S.-China trade and technology dispute added to already weak sentiment around U.S debt ceiling negotiations.
China's CSI 300 Index slipped 0.22% , while the Shanghai Composite...
A new survey about investor sentiment released by the Cheung Kong Graduate School of Business in Beijing on Wednesday revealed more positive sentiments from institutional and general investors on the A-share market and the Chinese economy growth potential.
The survey, which inquired 13 key cities nationwide and received some 1,500 valid...
A new survey about investor sentiment released by the Cheung Kong Graduate School of Business in Beijing on Wednesday revealed more positive sentiments from institutional and general investors on the A-share market and the Chinese economy growth potential.
The survey, which inquired 13 key cities nationwide and received some 1,500 valid...
Date: May 26, 2023; Source: Bloomberg.com
...Date: May 26, 2023; Source: Bloomberg.com
...| 1 US DOLLAR | USD / KZT | 446.65 |
| 1 EURO | EUR / KZT | 479.3 |
| 1 RUSSIAN ROUBLE | RUB / KZT | 5.6 |
| 1 CHINESE YUAN | CNY / KZT | 63.19 |
| 1 KYRGYZIAN SOM | KGS / KZT | 5.1 |
| 1 GREAT BRITAIN POUND | GBP / KZT | 552.82 |
| 1 CANADIAN DOLLAR | CAD / KZT | 328.66 |
| 1 AUSTRALIAN DOLLAR | AUD / KZT | 291.53 |
Date: May 26, 2023; Source: the National Bank of Kazakhstan
|
1 US DOLLAR |
USD / KZT |
446.65 |
|
1 EURO |
EUR / KZT |
479.3 |
|
1 RUSSIAN ROUBLE |
RUB / KZT |
5.6 |
|
1 CHINESE YUAN |
CNY / KZT |
63.19 |
|
1 KYRGYZIAN SOM |
KGS / KZT |
5.1 |
|
1 GREAT BRITAIN POUND |
GBP / KZT |
552.82 |
|
1 CANADIAN DOLLAR |
CAD / KZT |
328.66 |
|
1 AUSTRALIAN DOLLAR |
AUD / KZT |
291.53 |
