Issue 3965 - 24.05.2022
24.05.2022

U.S. Assistant Secretary of State to visit Kazakhstan

Assistant Secretary of State for South and Central Asian Affairs Donald Lu is set to visit Kazakhstan this week.

The press service of the U.S. Department of state said in a press release Donald Lu will lead a U.S. delegation to Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan on May 23-27 to cement U.S. relations with the region and advance collaborative efforts to create a more connected, prosperous, and secure Central Asia. According to the release, the delegation is comprised of the National Security Council’s Senior Director for Russia and Central Asia Eric Green, Deputy Assistant Secretary of Defense for Afghanistan, Pakistan, and Central Asia Rebecca Zimmerman, U.S. Agency for International Development Deputy Assistant Administrator of the Bureau for Asia Anjali Kaur, and the U.S. International Development Finance Corporation’s Deputy Chief of Staff for Policy Naz El-Khatib.

In Kazakhstan, the delegation is expected to meet with senior Kazakhstani officials and civil society leaders to discuss Kazakhstan’s reform agenda, efforts to strengthen human rights protections, and advance women’s empowerment.

By Kazinform

Kazakhstan General

24.05.2022

President received the Minister of Industry and Infrastructure Development of Kazakhstan

President Kassym-Jomart Tokayev received the Minister of Industry and Infrastructure Development of Kazakhstan Kairbek Usskenbayev.

The Head of State was presented with a full report on the activity of the Ministry since the beginning of the year. The President was informed about the measures taken to rebuild the facilities suffered during...

President Kassym-Jomart Tokayev received the Minister of Industry and Infrastructure Development of Kazakhstan Kairbek Usskenbayev.

The Head of State was presented with a full report on the activity of the Ministry since the beginning of the year. The President was informed about the measures taken to rebuild the facilities suffered during...

24.05.2022

Iran and Kazakhstan call for strengthening bilateral ties

Iran’s First Vice-President Mohammad Mokhber and Kazakhstan Deputy Prime Minister Bakhyt Sultanov in a meeting on Sunday called for strengthening bilateral ties between Iran and Kazakhstan.

Mokhber met and held talks with Sultanov on Sunday in Tehran, Iran. Referring to the deep-rooted relations between Iran and Kazakhstan, Mokhber said that increasing...

Iran’s First Vice-President Mohammad Mokhber and Kazakhstan Deputy Prime Minister Bakhyt Sultanov in a meeting on Sunday called for strengthening bilateral ties between Iran and Kazakhstan.

Mokhber met and held talks with Sultanov on Sunday in Tehran, Iran. Referring to the deep-rooted relations between Iran and Kazakhstan, Mokhber said that increasing...

24.05.2022

Domestic tourism in Kazakhstan overtakes pre-corona crisis indicators

At the end of 2021, the National Statistics Bureau conducted a nationwide selective statistical survey of 21,000 households on travel expenses.

According to the study, the number of domestic visitors who made trips amounted to 9 million people up 12.6% compared to 2020 and 4.8% compared to the pre-corona crisis 2019....

At the end of 2021, the National Statistics Bureau conducted a nationwide selective statistical survey of 21,000 households on travel expenses.

According to the study, the number of domestic visitors who made trips amounted to 9 million people up 12.6% compared to 2020 and 4.8% compared to the pre-corona crisis 2019....

Finance and Investment

24.05.2022

1.1 thousand foreign companies from exotic countries work in Kazakhstan

There are 39.3 thousand enterprises with foreign participation registered in the country. Of these, only 27 thousand are considered active. The total number of companies from exotic countries is 1.1 thousand. Most of them are small firms with up to 100 employees. There are only 13 large investors. The spheres...

There are 39.3 thousand enterprises with foreign participation registered in the country. Of these, only 27 thousand are considered active. The total number of companies from exotic countries is 1.1 thousand. Most of them are small firms with up to 100 employees. There are only 13 large investors. The spheres...

24.05.2022

Share of individual entrepreneurs under the age of 29 in total number of operating IE in Kazakhstan increases to 18%

By April of this year, there were 211.9 thousand active individual entrepreneurs under the age of 29 in Kazakhstan, 36.4% more than in March last year.

For comparison: the number of all operating individual entrepreneurs grew by 8.3% on-year, to 1.2 million.

The share of young entrepreneurs in the total number of...

By April of this year, there were 211.9 thousand active individual entrepreneurs under the age of 29 in Kazakhstan, 36.4% more than in March last year.

For comparison: the number of all operating individual entrepreneurs grew by 8.3% on-year, to 1.2 million.

The share of young entrepreneurs in the total number of...

24.05.2022

Tenge and rouble strengthen at peak of tax period

On Friday, the tenge strengthened significantly, reacting positively to the stabilisation of key external factors. As a result of the day the exchange rate of the dollar fell to the level of 425.07 tenge per dollar (-5.99 tenge). The activity of the local foreign exchange market participants increased significantly before...

On Friday, the tenge strengthened significantly, reacting positively to the stabilisation of key external factors. As a result of the day the exchange rate of the dollar fell to the level of 425.07 tenge per dollar (-5.99 tenge). The activity of the local foreign exchange market participants increased significantly before...

24.05.2022

KASE Global registers deals worth 5.2 billion tenge over week

In the KASE Global sector, from May 16 to May 20, 2022, 448 transactions were concluded with 118,653 shares of foreign companies for a total of 5.2 billion tenge, citing the press service of the Kazakhstan Stock Exchange.

The following shares accounted for the largest trading volume:

NL0000235190 (AIR_KZ) Airbus – 24...

In the KASE Global sector, from May 16 to May 20, 2022, 448 transactions were concluded with 118,653 shares of foreign companies for a total of 5.2 billion tenge, citing the press service of the Kazakhstan Stock Exchange.

The following shares accounted for the largest trading volume:

NL0000235190 (AIR_KZ) Airbus – 24...

24.05.2022

Kazakhstan and Russia trade in new way

In the next three years, a new cross-border trade centre will be launched in Kazakhstan. This was reported by the Ministry of Trade and Integration. According to the agency, Eurasia will be located in the West Kazakhstan region.

Its creation is planned for 2023-2025 on the territory of the industrial zone...

In the next three years, a new cross-border trade centre will be launched in Kazakhstan. This was reported by the Ministry of Trade and Integration. According to the agency, Eurasia will be located in the West Kazakhstan region.

Its creation is planned for 2023-2025 on the territory of the industrial zone...

24.05.2022

Kazakhstan updates list of companies for privatisation until 2026

The Ministry of National Economy has published a list of large subsidiaries, affiliates of national management holdings and national companies for transfer to a competitive environment on a priority basis. The draft resolution On amendments and additions to the Decree of the Government of Kazakhstan dated December 29, 2020 No....

The Ministry of National Economy has published a list of large subsidiaries, affiliates of national management holdings and national companies for transfer to a competitive environment on a priority basis. The draft resolution On amendments and additions to the Decree of the Government of Kazakhstan dated December 29, 2020 No....

24.05.2022

Investors to protect their assets during geopolitical conflicts

Professional participants advise investors to take a closer look at the shares of companies from cyclical sectors of the economy to government securities. Amir Aktanov, Chief Analyst at Halyk Global Markets, noted that today the global markets are going through hard times. Since the beginning of 2022, the decrease in...

Professional participants advise investors to take a closer look at the shares of companies from cyclical sectors of the economy to government securities. Amir Aktanov, Chief Analyst at Halyk Global Markets, noted that today the global markets are going through hard times. Since the beginning of 2022, the decrease in...

24.05.2022

Industries of Kazakhstan take most loans abroad

Kazakhstan's debts to foreign creditors continue to grow. Most of all occupied the mining industry and quarrying. According to the National Bank, out of the country's external liabilities ($165 billion as of January 1, 2022), the debt of the financial and insurance industry grew by 37.5%, from $8 billion (as...

Kazakhstan's debts to foreign creditors continue to grow. Most of all occupied the mining industry and quarrying. According to the National Bank, out of the country's external liabilities ($165 billion as of January 1, 2022), the debt of the financial and insurance industry grew by 37.5%, from $8 billion (as...

24.05.2022

New money for preferential car loans comes on revolving basis

The program of preferential car loans is financed on a revolving basis. This was announced by Zhanar Ibrasheva, Deputy Chairman of the Board of the Industrial Development Fund. According to her, 100 billion tenge was allocated as part of the program.

“This money is allocated with a revolving mechanism. That is,...

The program of preferential car loans is financed on a revolving basis. This was announced by Zhanar Ibrasheva, Deputy Chairman of the Board of the Industrial Development Fund. According to her, 100 billion tenge was allocated as part of the program.

“This money is allocated with a revolving mechanism. That is,...

24.05.2022

9.2 billion tenge stay frozen on accounts of subsidiaries of Russian banks in Kazakhstan

About 9.2 billion tenge was frozen with the imposition of sanctions on accounts in Russian subsidiary banks in Kazakhstan, according to the response of the head of the Agency for Regulation and Development of the Financial Market, Madina Abylkassymova, to a deputy's request.

"Against the background of sanctions requirements, certain foreign...

About 9.2 billion tenge was frozen with the imposition of sanctions on accounts in Russian subsidiary banks in Kazakhstan, according to the response of the head of the Agency for Regulation and Development of the Financial Market, Madina Abylkassymova, to a deputy's request.

"Against the background of sanctions requirements, certain foreign...

24.05.2022

Young entrepreneurs on the rise in Kazakhstan

The number of young Kazakh entrepreneurs below 29 years of age has grown by 36.4 percent to reach 211,900 people in April compared to March 2021, according to the finprom.kz analytical website.

Among all people running businesses in the country, the share of the younger generation involved in entrepreneurship increased from...

The number of young Kazakh entrepreneurs below 29 years of age has grown by 36.4 percent to reach 211,900 people in April compared to March 2021, according to the finprom.kz analytical website.

Among all people running businesses in the country, the share of the younger generation involved in entrepreneurship increased from...

24.05.2022

Kazakh tenge settles at 420 per USD

The weighted average dollar exchange rate on Kazakhstan Stock Exchange (KASE) on May 23, 2022 at 17:00 amounted to 424.47 tenge. Compared to the data at 17:00 on May 20 (425.07 tenge for 1 dollar), the national currency against the dollar strengthened by 0.6 tenge.

According to KASE, the minimum rate...

The weighted average dollar exchange rate on Kazakhstan Stock Exchange (KASE) on May 23, 2022 at 17:00 amounted to 424.47 tenge. Compared to the data at 17:00 on May 20 (425.07 tenge for 1 dollar), the national currency against the dollar strengthened by 0.6 tenge.

According to KASE, the minimum rate...

24.05.2022

Euro posts gains on faltering greenback

The euro rallied on Monday as investors sold the dollar on hopes that loosening lockdowns in China could help global growth.

A calmer mood on equity markets in early European trading also pressured the dollar, which fell sharply last week but has been the go-to currency for investors this year when...

The euro rallied on Monday as investors sold the dollar on hopes that loosening lockdowns in China could help global growth.

A calmer mood on equity markets in early European trading also pressured the dollar, which fell sharply last week but has been the go-to currency for investors this year when...

24.05.2022

Stock markets rally as warfare becomes routine

European stocks started the week on the front foot following the very volatile trading conditions seen over the preceding five-day stretch.

Optimism regarding the Covid-19 situation in China and more hawkish remarks from European Central Bank boss, Christine Lagarde, boosted Basic Resources and Banks, respectively.

Worth noting, some of the previous week's...

European stocks started the week on the front foot following the very volatile trading conditions seen over the preceding five-day stretch.

Optimism regarding the Covid-19 situation in China and more hawkish remarks from European Central Bank boss, Christine Lagarde, boosted Basic Resources and Banks, respectively.

Worth noting, some of the previous week's...

Oil and Gas Sector

24.05.2022

Kazakhstan targets oil output increase

Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said.

The Central Asian nation believes Western sanctions against Russia will have...

Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said.

The Central Asian nation believes Western sanctions against Russia will have...

24.05.2022

Buy-backs send Chevron stock through the roof

Shares of US Chevron, one of Kazakhstan’s leading upstream operators and investors, have touched the highs of $174 assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. In 2021, the company reported 1.8 MMBPD of liquid production which is almost 2% of the global crude oil output.

While the geopolitical...

Shares of US Chevron, one of Kazakhstan’s leading upstream operators and investors, have touched the highs of $174 assisted by skyrocketing benchmark oil & gas prices and rising transportation demand. In 2021, the company reported 1.8 MMBPD of liquid production which is almost 2% of the global crude oil output.

While the geopolitical...

24.05.2022

Kazakhstan takes first place in ranking of countries in terms of cheap gas

Kazakhstan took first place in Europe in terms of cheap gas for the population. Russia is on the second place, Belarus is on the third. This is stated in a study conducted by RIA Novosti analysts.

To assess the cost of gas, experts analysed prices in terms of rouble. The availability...

Kazakhstan took first place in Europe in terms of cheap gas for the population. Russia is on the second place, Belarus is on the third. This is stated in a study conducted by RIA Novosti analysts.

To assess the cost of gas, experts analysed prices in terms of rouble. The availability...

24.05.2022

Catalysts for processes in oil refining

The oil sector is among those industries that will have to export the Russian economy in the face of unprecedentedly harsh sanctions and increasing external isolation. But for oil companies, already at the refining stage, the problem of import dependence arises. Of course, there are domestic competencies in the construction...

The oil sector is among those industries that will have to export the Russian economy in the face of unprecedentedly harsh sanctions and increasing external isolation. But for oil companies, already at the refining stage, the problem of import dependence arises. Of course, there are domestic competencies in the construction...

24.05.2022

Brent tops $113/b on midstream bottlenecks

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....

Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.

Brent crude futures rose 72 cents to $113.27 a barrel at 0408 GMT, while U.S....

24.05.2022

Eurasian natural gas benchmarks up as Norway holds back

British wholesale gas prices rose on Monday morning on lower Norwegian supply and the risk of outages being extended.

UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 0809 GMT, its highest level since May 3. The day-ahead price was 25 pence higher at 134 pence/therm.

This was...

British wholesale gas prices rose on Monday morning on lower Norwegian supply and the risk of outages being extended.

UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 0809 GMT, its highest level since May 3. The day-ahead price was 25 pence higher at 134 pence/therm.

This was...

Metals and Minerals

24.05.2022

Kazatomprom refutes information on subsidiaries’ privatisation

NAC Kazatomprom JSC said Monday that the inclusion of some of its subsidiaries in a draft list of companies to be privatized in Kazakhstan is incorrect.

The draft resolution had been released by the government of Kazakhstan for public discussion, and included Kazatomprom's uranium mining asset JV Budenovskoye LLP--in addition to...

NAC Kazatomprom JSC said Monday that the inclusion of some of its subsidiaries in a draft list of companies to be privatized in Kazakhstan is incorrect.

The draft resolution had been released by the government of Kazakhstan for public discussion, and included Kazatomprom's uranium mining asset JV Budenovskoye LLP--in addition to...

24.05.2022

Bullion veers up on dollar plunge

Gold prices rose over 1% on Monday, boosted by a slide in U.S. dollar to its lowest in a month, while growth concerns in the economy kept bullion's safe-haven demand intact. Spot gold rose 0.8% to $1,860.34 per ounce by 1058 GMT. Prices hit their highest since May 9 at...

Gold prices rose over 1% on Monday, boosted by a slide in U.S. dollar to its lowest in a month, while growth concerns in the economy kept bullion's safe-haven demand intact. Spot gold rose 0.8% to $1,860.34 per ounce by 1058 GMT. Prices hit their highest since May 9 at...

24.05.2022

Tin, nickel retreat as other base metals rally

Copper prices climbed to their highest in more than two weeks on Monday, buoyed by declining inventories and a weaker dollar, though gains were capped by the damage to demand from coronavirus lockdowns in top consumer China.

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,464 a...

Copper prices climbed to their highest in more than two weeks on Monday, buoyed by declining inventories and a weaker dollar, though gains were capped by the damage to demand from coronavirus lockdowns in top consumer China.

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,464 a...

Energy Industry

24.05.2022

Fixed capital investments in energy and heat supply in Kazakhstan decrease by 3% on-year

In January-March of this year, the volume of investments in fixed assets in the field of electricity supply, supply of gas, steam and air conditioning amounted to 73.9 billion tenge, which is 0.7% more in value terms than a year earlier. In real terms, capex decreased by 2.7% yoy.

In the...

In January-March of this year, the volume of investments in fixed assets in the field of electricity supply, supply of gas, steam and air conditioning amounted to 73.9 billion tenge, which is 0.7% more in value terms than a year earlier. In real terms, capex decreased by 2.7% yoy.

In the...

Manufacturing industry

24.05.2022

Kazakhstan and France expand cooperation in waste processing, geology and water resources

The Minister of Ecology of Kazakhstan Serikkali Brekeshev and the Plenipotentiary Ambassador of France to Kazakhstan Didier Canes discussed the expansion of bilateral cooperation between Kazakhstan and France in the field of waste processing, geology and water resources, with reference to the Ministry of Ecology of Kazakhstan.

During the meeting, the...

The Minister of Ecology of Kazakhstan Serikkali Brekeshev and the Plenipotentiary Ambassador of France to Kazakhstan Didier Canes discussed the expansion of bilateral cooperation between Kazakhstan and France in the field of waste processing, geology and water resources, with reference to the Ministry of Ecology of Kazakhstan.

During the meeting, the...

24.05.2022

Mangystau region builds desalination plants worth 232 billion tenge

Eight desalination plants will be built in the Mangystau region. Almost 232 billion tenge will be spent to bring the projects to life and create vital benefits for the population.

The region has long needed a solution to the issue of water supply. As part of the Comprehensive Plan, 8 major...

Eight desalination plants will be built in the Mangystau region. Almost 232 billion tenge will be spent to bring the projects to life and create vital benefits for the population.

The region has long needed a solution to the issue of water supply. As part of the Comprehensive Plan, 8 major...

24.05.2022

Kazakhstanis to be warmed with rice husks

In the Almaty region, it is planned to produce fuel briquettes from rice husks. This was reported in the regional administration. They want to implement the project in the Balkhash region. The facility is expected to open next year.

"The launch of the complex utilisation of rice husks and the method...

In the Almaty region, it is planned to produce fuel briquettes from rice husks. This was reported in the regional administration. They want to implement the project in the Balkhash region. The facility is expected to open next year.

"The launch of the complex utilisation of rice husks and the method...

Trade and Consumer Goods

24.05.2022

Russia increases imports from Kazakhstan in March

Western sanctions forced Russia to restrict the export of a number of food products. In the first month of spring, Kazakhstan sold 6.7 thousand tonnes of rapeseed to Russia, which is more than double the volume in March last year.

Kazakhstan exported 3.8 thousand tonnes of rice with an increase of...

Western sanctions forced Russia to restrict the export of a number of food products. In the first month of spring, Kazakhstan sold 6.7 thousand tonnes of rapeseed to Russia, which is more than double the volume in March last year.

Kazakhstan exported 3.8 thousand tonnes of rice with an increase of...

Agriculture

24.05.2022

Grain-growing regions of Kazakhstan note insufficient moisture in soil

In some regions, it is 50% below the norm. Kazhydromet specialists found out the actual moisture reserves in the soil in the spring of 2022 based on the results of a route survey, which was carried out from April 15 to May 12.

In the metre layer of soil, there were...

In some regions, it is 50% below the norm. Kazhydromet specialists found out the actual moisture reserves in the soil in the spring of 2022 based on the results of a route survey, which was carried out from April 15 to May 12.

In the metre layer of soil, there were...

24.05.2022

Spring field work begins in all regions of Kazakhstan

Mass sowing of agricultural crops began in all regions of Kazakhstan. The state took measures to ensure that the sowing campaign took place in strictly optimal terms. Agrarians, according to Azat Sultanov, Director of the Department of Crop Production of the Ministry of Agriculture of Kazakhstan, are provided with unprecedented...

Mass sowing of agricultural crops began in all regions of Kazakhstan. The state took measures to ensure that the sowing campaign took place in strictly optimal terms. Agrarians, according to Azat Sultanov, Director of the Department of Crop Production of the Ministry of Agriculture of Kazakhstan, are provided with unprecedented...

24.05.2022

Investors finance agricultural projects in Almaty region

Investors are implementing 19 agricultural projects in the Almaty region. Among them are greenhouses, production of milk and cream, pesticides. According to the Ministry of Foreign Affairs, companies from Switzerland, South Korea, the United Arab Emirates, Kazakhstan, the Netherlands, Germany, France, and Russia will invest in new production. Investments amount...

Investors are implementing 19 agricultural projects in the Almaty region. Among them are greenhouses, production of milk and cream, pesticides. According to the Ministry of Foreign Affairs, companies from Switzerland, South Korea, the United Arab Emirates, Kazakhstan, the Netherlands, Germany, France, and Russia will invest in new production. Investments amount...

24.05.2022

Moth, leaf beetle and locust invade Kazakhstan

The phytosanitary situation in the Aktobe region leaves much to be desired. The years of the meadow moth are already observed in 10 districts, and in the arid Baiganinsky, the wormwood leaf beetle is spreading.

Dastan Sagirov, head of the Regional Territorial Inspectorate of the Agroindustrial Complex, Asylkhan Abtiev, Deputy Head...

The phytosanitary situation in the Aktobe region leaves much to be desired. The years of the meadow moth are already observed in 10 districts, and in the arid Baiganinsky, the wormwood leaf beetle is spreading.

Dastan Sagirov, head of the Regional Territorial Inspectorate of the Agroindustrial Complex, Asylkhan Abtiev, Deputy Head...

24.05.2022

North Kazakhstan builds 11 commercial dairy farms

For the past 3 years Kazakhstan built 22 commercial dairy farms, and 650 rural jobs were created.

Governor of North Kazakhstan Kumar Aksakalov visited last weekend Kishkenekol village in Ualikhanov district.

“11 farms more and 2 feed yards will be constructed this year. One of the yards will be built in Akzhar...

For the past 3 years Kazakhstan built 22 commercial dairy farms, and 650 rural jobs were created.

Governor of North Kazakhstan Kumar Aksakalov visited last weekend Kishkenekol village in Ualikhanov district.

“11 farms more and 2 feed yards will be constructed this year. One of the yards will be built in Akzhar...

24.05.2022

US wheat, maize contracts up pending planting updates

U.S. and European wheat futures rose on Monday, recovering after a three-day slide, as attention turned back to the impact of drought ahead of weekly U.S. crop data. Chicago corn futures were higher as the market also awaited the U.S. Department of Agriculture's (USDA) crop progress report later on Monday...

U.S. and European wheat futures rose on Monday, recovering after a three-day slide, as attention turned back to the impact of drought ahead of weekly U.S. crop data. Chicago corn futures were higher as the market also awaited the U.S. Department of Agriculture's (USDA) crop progress report later on Monday...

24.05.2022

Russia insists on limiting grain exports by EAEU countries

Russia, despite a record wheat harvest expected in 2022, is afraid of its re-export and wants all EAEU members to introduce quotas and duties on the export of grain. Citing its sources, at a meeting of the EEC on May 20, Russia insisted that all members of the EAEU introduce...

Russia, despite a record wheat harvest expected in 2022, is afraid of its re-export and wants all EAEU members to introduce quotas and duties on the export of grain. Citing its sources, at a meeting of the EEC on May 20, Russia insisted that all members of the EAEU introduce...

Communications and Transportation

24.05.2022

Kazakh head of state urges to upgrade transport connections

President Kassym-Jomart Tokayev received the Minister of Industry and Infrastructure Development of Kazakhstan Kairbek Usskenbayev. The Head of State was presented with a full report on the activity of the Ministry since the beginning of the year.

The President was informed about the measures taken to rebuild the facilities suffered during...

President Kassym-Jomart Tokayev received the Minister of Industry and Infrastructure Development of Kazakhstan Kairbek Usskenbayev. The Head of State was presented with a full report on the activity of the Ministry since the beginning of the year.

The President was informed about the measures taken to rebuild the facilities suffered during...

24.05.2022

TransContainer launches two new services from China to St. Petersburg

TransContainer (part of the Delo Group) is launching new services from China to St. Petersburg through the Zabaikalsk land border crossing (Zabaikalsky Krai) and in transit through Kazakhstan (Dostyk border crossing).

The new services are focused on the import of consumer goods for the European part of Russia, they will complement...

TransContainer (part of the Delo Group) is launching new services from China to St. Petersburg through the Zabaikalsk land border crossing (Zabaikalsky Krai) and in transit through Kazakhstan (Dostyk border crossing).

The new services are focused on the import of consumer goods for the European part of Russia, they will complement...

24.05.2022

Air Astana launches flights to Greece from June 1

From June 1, 2022, Air Astana plans to start flights to Greece, citing the press service of the Civil Aviation Committee.

Flights will be operated on the routes: Nur-Sultan-Heraklion-Nur-Sultan on Mondays, Wednesdays and Fridays; Almaty-Heraklion-Almaty on Tuesdays, Thursdays and Saturdays. Flight frequency 3 times a week for each direction.

Flights will be...

From June 1, 2022, Air Astana plans to start flights to Greece, citing the press service of the Civil Aviation Committee.

Flights will be operated on the routes: Nur-Sultan-Heraklion-Nur-Sultan on Mondays, Wednesdays and Fridays; Almaty-Heraklion-Almaty on Tuesdays, Thursdays and Saturdays. Flight frequency 3 times a week for each direction.

Flights will be...

24.05.2022

Registration of pledge of movable property becomes available through Blockchain in Kazakhstan

In 2021, the Government for Citizens State Corporation, together with STBs, implemented a pilot project to register rights to real estate using Blockchain technology. The State Corporation continues to expand the types of services within the framework of the Digital Mortgage, and since May 2022, together with second-tier banks, it...

In 2021, the Government for Citizens State Corporation, together with STBs, implemented a pilot project to register rights to real estate using Blockchain technology. The State Corporation continues to expand the types of services within the framework of the Digital Mortgage, and since May 2022, together with second-tier banks, it...

24.05.2022

Central Bank of Russia begin to buy foreign currency from exporters through intermediaries

The Bank of Russia began to buy foreign currency from exporters through other market participants to keep the rouble from uncontrolled strengthening. The essence of the mechanism and how exactly it affects the foreign exchange market, the interlocutors of the publication did not disclose.

The regulator began to carry out such...

The Bank of Russia began to buy foreign currency from exporters through other market participants to keep the rouble from uncontrolled strengthening. The essence of the mechanism and how exactly it affects the foreign exchange market, the interlocutors of the publication did not disclose.

The regulator began to carry out such...

24.05.2022

Russian equity falters as rouble keeps rallying

The Russian rouble firmed around 4% against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

By 1050 GMT, the rouble was 4% stronger against the dollar at 57.85, not far from 57.0750, its strongest mark...

The Russian rouble firmed around 4% against the dollar and euro on Monday, heading back towards multi-year highs hit last week, supported by capital controls and an upcoming month-end tax period.

By 1050 GMT, the rouble was 4% stronger against the dollar at 57.85, not far from 57.0750, its strongest mark...

Regional News

24.05.2022

Russian regions lag behind in artificial intelligence

Solutions based on artificial intelligence (AI) for the public sector in the regions largely remain “abstract, obscure and distant entities with almost no applied value for solving current problems of managing the socio-economic situation,” experts from the Centre for Strategic Research write in the study “Prospects and problems of using...

Solutions based on artificial intelligence (AI) for the public sector in the regions largely remain “abstract, obscure and distant entities with almost no applied value for solving current problems of managing the socio-economic situation,” experts from the Centre for Strategic Research write in the study “Prospects and problems of using...

24.05.2022

China stocks pressed as bug jumps over to Beijing

China stocks closed down on Monday as Beijing reported 99 new COVID-19 cases - the highest daily tally in the capital during the current outbreak - while profit-taking after two straight weeks of gains also weighed on benchmarks.

The blue-chip CSI300 index fell 0.6%, to 4,053.98, while the Shanghai Composite Index...

China stocks closed down on Monday as Beijing reported 99 new COVID-19 cases - the highest daily tally in the capital during the current outbreak - while profit-taking after two straight weeks of gains also weighed on benchmarks.

The blue-chip CSI300 index fell 0.6%, to 4,053.98, while the Shanghai Composite Index...

24.05.2022

Chinese yuan strengthens to 6.6756 against USD Monday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 731 pips to 6.6756 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 731 pips to 6.6756 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity...

24.05.2022

China pushes for innovation drive to help boost recovery

China's intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders.

The key to globalization lies in invigorating the vitality of...

China's intensified efforts to unleash the power of innovation in driving development are expected to inject fresh impetus into world economic recovery, boost the digital transformation of traditional industries and promote higher-level trade and investment, according to experts and business leaders.

The key to globalization lies in invigorating the vitality of...

Prices and Statistics

24.05.2022

Commodities

Date: May 24, 2022; Source: Bloomberg.com
...

Date: May 24, 2022; Source: Bloomberg.com

24.05.2022

Exchange Rates

Date: May 24, 2022; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 424.84
1 EURO EUR / KZT 453.6
1 RUSSIAN ROUBLE RUB / KZT 7.3
1 CHINESE YUAN CNY / KZT 63.91
1 KYRGYZIAN SOM KGS / KZT 5.32
1 GREAT BRITAIN POUND GBP / KZT 534.15
1 CANADIAN DOLLAR CAD / KZT 332.27
1 AUSTRALIAN DOLLAR AUD / KZT 302.1
 ...

Date: May 24, 2022; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

424.84

1 EURO

EUR / KZT

453.6

1 RUSSIAN ROUBLE

RUB / KZT

7.3

1 CHINESE YUAN

CNY / KZT

63.91

1 KYRGYZIAN SOM

KGS / KZT

5.32

1 GREAT BRITAIN POUND

GBP / KZT

534.15

1 CANADIAN DOLLAR

CAD / KZT

332.27

1 AUSTRALIAN DOLLAR

AUD / KZT

302.1