Issue 4050 - 23.09.2022
23.09.2022

President holds meeting of Security Council

President Kassym-Jomar Tokayev has held an operational meeting of the Security council.

The meeting agenda included the issues of international and regional security in the context of the President’s recent visit to New York, his participation in the 77 th session of the UN General Assembly and the meetings with the leaders of other countries, UN leadership and U.S. business communities.

At the end of the meeting, the Head of State gave a number of assignments.

By Kazinform

Kazakhstan General

23.09.2022

Kazakh Foreign Affairs Minister addresses UN summit on minority rights

With more than 130 ethnic groups and 17 major religious faiths living in peace and harmony, Kazakhstan is deeply committed to providing a better life for every person, said Kazakh Deputy Prime Minister and Minister of Foreign Affairs Mukhtar Tileuberdi at the Sept. 21 high-level meeting on the 30th anniversary...

With more than 130 ethnic groups and 17 major religious faiths living in peace and harmony, Kazakhstan is deeply committed to providing a better life for every person, said Kazakh Deputy Prime Minister and Minister of Foreign Affairs Mukhtar Tileuberdi at the Sept. 21 high-level meeting on the 30th anniversary...

23.09.2022

Number of medical criminal offenses increases in Kazakhstan by 12% on-year

In January-August of this year, 181 medical criminal offenses were registered in the country, which is 12.4% more than a year earlier. Among the victims, there were 126 women, as well as 8 minors, 7 pensioners and 1 convict.

For comparison: in the same period last year, 161 criminal offenses were...

In January-August of this year, 181 medical criminal offenses were registered in the country, which is 12.4% more than a year earlier. Among the victims, there were 126 women, as well as 8 minors, 7 pensioners and 1 convict.

For comparison: in the same period last year, 161 criminal offenses were...

23.09.2022

Kazakhstan registers over 5 thousand forest fires and fire alarms over 12 months

In early September of this year, a serious forest fire raged in the Kostanay region. Almost two thousand people were evacuated. The fire quickly spread due to hot weather and strong winds. The local newspaper Nasha Gazeta reported that the administrative building of the oil depot and 30 nearby residential...

In early September of this year, a serious forest fire raged in the Kostanay region. Almost two thousand people were evacuated. The fire quickly spread due to hot weather and strong winds. The local newspaper Nasha Gazeta reported that the administrative building of the oil depot and 30 nearby residential...

23.09.2022

Number of employees working more than 41 hours per week in Kazakhstan decreases

In the second quarter of this year, there were 8.8 million employed in Kazakhstan, which is 0.3% more than a year earlier. Most of the employed worked according to the standard schedule 36-40 hours actually worked per week at the main job: 6.8 million people, plus 2.8% per year.

The number...

In the second quarter of this year, there were 8.8 million employed in Kazakhstan, which is 0.3% more than a year earlier. Most of the employed worked according to the standard schedule 36-40 hours actually worked per week at the main job: 6.8 million people, plus 2.8% per year.

The number...

23.09.2022

CSTO exercises to be held in Kazakhstan

Exercises with the CSTO Collective Rapid Reaction Forces will be held in the Zhambyl and Almaty regions, Ministry of Defense of Kazakhstan reported. Exercises "Interaction-2022", "Search-2022", "Echelon-2022" will be held from September 26 to October 8, 2022.

"In this regard, military contingents of CSTO member states will arrive in our country...

Exercises with the CSTO Collective Rapid Reaction Forces will be held in the Zhambyl and Almaty regions, Ministry of Defense of Kazakhstan reported. Exercises "Interaction-2022", "Search-2022", "Echelon-2022" will be held from September 26 to October 8, 2022.

"In this regard, military contingents of CSTO member states will arrive in our country...

23.09.2022

Short-term economic indicator of Kazakhstan for 8M2022 increases by 3.7% yoy

Over 8 months of the current year, the short-term economic indicator (STEI) increased by 3.7% yoy. Despite the slowdown in growth, industrial production and trade continue to provide the main support for the growth of STEI. Scheduled and unscheduled repairs at the main deposits of the republic continue to have...

Over 8 months of the current year, the short-term economic indicator (STEI) increased by 3.7% yoy. Despite the slowdown in growth, industrial production and trade continue to provide the main support for the growth of STEI. Scheduled and unscheduled repairs at the main deposits of the republic continue to have...

Finance and Investment

23.09.2022

Samruk-Kazyna JSC to develops cooperation with the EBRD

Almassadam Satkaliyev, the CEO of Samruk-Kazyna JSC, held a meeting with a delegation of the European Bank for Reconstruction and Development, headed by Aida Sitdikova, the Director of the Department of Energy Resources in the Eurasia, Middle East and Africa region. The parties discussed issues related to the green economy...

Almassadam Satkaliyev, the CEO of Samruk-Kazyna JSC, held a meeting with a delegation of the European Bank for Reconstruction and Development, headed by Aida Sitdikova, the Director of the Department of Energy Resources in the Eurasia, Middle East and Africa region. The parties discussed issues related to the green economy...

23.09.2022

Nurlan Smagulov announces creation of new bank in Kazakhstan

A new bank will appear in Kazakhstan. This was stated by the head of Astana Group Nurlan Smagulov. During the Kazakhstan Growth Forum, he clarified that he had already filed registration for the creation of a financial structure. It is expected that this will not be a classic bank.

"We are...

A new bank will appear in Kazakhstan. This was stated by the head of Astana Group Nurlan Smagulov. During the Kazakhstan Growth Forum, he clarified that he had already filed registration for the creation of a financial structure. It is expected that this will not be a classic bank.

"We are...

23.09.2022

Kazakhstan may ease monetary policy

Kazakhstan plans to ease monetary policy. At the forum of machine builders, Prime Minister Alikhan Smailov noted that many manufacturers spoke about the problem of lack of long-term and affordable funding.

"This is one of the key problems. We are currently working with the National Bank to stabilize inflationary processes and...

Kazakhstan plans to ease monetary policy. At the forum of machine builders, Prime Minister Alikhan Smailov noted that many manufacturers spoke about the problem of lack of long-term and affordable funding.

"This is one of the key problems. We are currently working with the National Bank to stabilize inflationary processes and...

23.09.2022

Some Kazakh banks continue work with Russian Mir payment system

Four Kazakh banks told Kursiv that they continue to accept Mir cards for payment or for cashing out. The issuance of cards of this payment system in Kazakhstan has been suspended for the time being. On Monday, September 19, two out of five Turkish banks that worked with the national...

Four Kazakh banks told Kursiv that they continue to accept Mir cards for payment or for cashing out. The issuance of cards of this payment system in Kazakhstan has been suspended for the time being. On Monday, September 19, two out of five Turkish banks that worked with the national...

23.09.2022

Kazakhstan to spend 1.9trln tenge on export-oriented productions’ development

1.9trln tenge will be allocated for the support of export-oriented productions in Kazakhstan. Chairman of the Industrial Development Committee of the Ministry of Industry and Infrastructure Technologies said it at a briefing in Astana.

To support home producers, the Ministry has developed a Program of Development of Export-Oriented Productions till 2026....

1.9trln tenge will be allocated for the support of export-oriented productions in Kazakhstan. Chairman of the Industrial Development Committee of the Ministry of Industry and Infrastructure Technologies said it at a briefing in Astana.

To support home producers, the Ministry has developed a Program of Development of Export-Oriented Productions till 2026....

23.09.2022

Kazakhstan launches SME financing program

The Industrial Development Fund, with the support of the Ministry of Industry and Infrastructure Development, is launching a program for financing manufacturing projects for small and medium-sized businesses, citing the press service of the fund.

The total amount of financing under the program is 50 billion tenge. Basic conditions:

- financing term...

The Industrial Development Fund, with the support of the Ministry of Industry and Infrastructure Development, is launching a program for financing manufacturing projects for small and medium-sized businesses, citing the press service of the fund.

The total amount of financing under the program is 50 billion tenge. Basic conditions:

- financing term...

23.09.2022

National currency of Kazakhstan weakens against US dollar by more than 3 tenge

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on September 22, 2022 at 17:00 amounted to 481.16 tenge. Compared to the data at 17:00 on September 21 (477.86 tenge per 1 dollar), the national currency weakened against the dollar by 3.30 tenge.

According to KASE, the minimum...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on September 22, 2022 at 17:00 amounted to 481.16 tenge. Compared to the data at 17:00 on September 21 (477.86 tenge per 1 dollar), the national currency weakened against the dollar by 3.30 tenge.

According to KASE, the minimum...

23.09.2022

Bulls tighten hold on greenback as interest rates soar

The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by the Federal Reserve's hawkish outlook for interest rates and Russian President Vladamir Putin's mobilisation of more troops for the war in Ukraine.

The dollar index, which measures the currency against a basket of six counterparts...

The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by the Federal Reserve's hawkish outlook for interest rates and Russian President Vladamir Putin's mobilisation of more troops for the war in Ukraine.

The dollar index, which measures the currency against a basket of six counterparts...

23.09.2022

Stock markets remain subdued on monetary drives, Russia jitters

European stocks fell back as investors digested further interest rate hikes out of the Bank of England, Norwegian central bank and Swiss central bank.

That was on top of the current heightened geopolitical risks and the hawkish tone struck by the US Federal Reserve the day before.

"Today has seen another bout of downside...

European stocks fell back as investors digested further interest rate hikes out of the Bank of England, Norwegian central bank and Swiss central bank.

That was on top of the current heightened geopolitical risks and the hawkish tone struck by the US Federal Reserve the day before.

"Today has seen another bout of downside...

Oil and Gas Sector

23.09.2022

Tengizchevroil publishes financial statements for 2021

In early September, Tengizchevroil (TCO) released its 2021 financials, showing revenue up 73% yoy to $15.9bln last year. Operating expenses increased 13% yoy to $1.08bln, with royalty payments increased by 130% yoy to $2.94bln. As a result, net profit increased 2.9 times yoy to $5bln. The main driver of revenue...

In early September, Tengizchevroil (TCO) released its 2021 financials, showing revenue up 73% yoy to $15.9bln last year. Operating expenses increased 13% yoy to $1.08bln, with royalty payments increased by 130% yoy to $2.94bln. As a result, net profit increased 2.9 times yoy to $5bln. The main driver of revenue...

23.09.2022

Oil still sets trends in foreign trade of Kazakhstan in January-July 2022

Against the backdrop of unstable production activity in the oil sector of the republic and a decrease in oil prices, foreign trade indicators in July 2022 went negative both in exports (-$1.4 billion) and imports (-$0.4 billion). This, in turn, led to a reduction in the foreign trade surplus in...

Against the backdrop of unstable production activity in the oil sector of the republic and a decrease in oil prices, foreign trade indicators in July 2022 went negative both in exports (-$1.4 billion) and imports (-$0.4 billion). This, in turn, led to a reduction in the foreign trade surplus in...

23.09.2022

KazMunayGas enters IPO before end of 2022

Representatives of the Samruk-Kazyna Fund, KazMunayGas, Kazpost presented the employees of Ekibastuz GRES-1 and GRES-2, as well as the coal mine workers of Bogatyr Komir, with the possibility of participating in the IPO program.

The speakers of the event were also representatives of Kazakhstani broker-dealer organisations and stock exchanges AIX and...

Representatives of the Samruk-Kazyna Fund, KazMunayGas, Kazpost presented the employees of Ekibastuz GRES-1 and GRES-2, as well as the coal mine workers of Bogatyr Komir, with the possibility of participating in the IPO program.

The speakers of the event were also representatives of Kazakhstani broker-dealer organisations and stock exchanges AIX and...

23.09.2022

Brent stays on top of $90/b threshold

Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow's new mobilization campaign in its invasion of Ukraine would further restrict global supplies.

Brent crude futures gained 16 cents, or 0.2%, to $90.62 per barrel by 0020 GMT, while U.S. West...

Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow's new mobilization campaign in its invasion of Ukraine would further restrict global supplies.

Brent crude futures gained 16 cents, or 0.2%, to $90.62 per barrel by 0020 GMT, while U.S. West...

23.09.2022

Natural gas benchmarks up on gun smoke clouds

British and Dutch gas prices continued to rise on Thursday on concerns over escalation since Russia ordered Russia's first mobilisation since World War Two but further upside is seen limited as governments seek ways to curb demand.

The Dutch front-month contract, the European benchmark, was up 11.00 euro at 193.00 euro...

British and Dutch gas prices continued to rise on Thursday on concerns over escalation since Russia ordered Russia's first mobilisation since World War Two but further upside is seen limited as governments seek ways to curb demand.

The Dutch front-month contract, the European benchmark, was up 11.00 euro at 193.00 euro...

Metals and Minerals

23.09.2022

Kazakh VMP Astana plant launches new production complex

On the territory of the Industrial Park No. 1 of the Astana New City FEZ the grand opening of the paint and varnish plant for the production of anti-corrosion and fire-retardant coatings Plant VMP Astana took place.

The opening was attended by Vice Minister of Industry and Infrastructure Development of Kazakhstan...

On the territory of the Industrial Park No. 1 of the Astana New City FEZ the grand opening of the paint and varnish plant for the production of anti-corrosion and fire-retardant coatings Plant VMP Astana took place.

The opening was attended by Vice Minister of Industry and Infrastructure Development of Kazakhstan...

23.09.2022

Interest in gold decreases among Kazakhs in August

In August 2022, Kazakhstanis bought 2,395 measured bars weighing 68.6 kg. This is 317 bars, or 28.8 kg, less than in July. This is stated in the message of the National Bank of Kazakhstan. The peak of interest in gold this year was in March. Then 8,269 bars weighing 167.2...

In August 2022, Kazakhstanis bought 2,395 measured bars weighing 68.6 kg. This is 317 bars, or 28.8 kg, less than in July. This is stated in the message of the National Bank of Kazakhstan. The peak of interest in gold this year was in March. Then 8,269 bars weighing 167.2...

23.09.2022

Another scandal flares up around East Kazakhstan gold recovery plant

Residents of the village of Maraldy in the Kurchum region continue to oppose its construction, and gold miners complain that they were forced to stop work

It is worth noting that before that, intelligence work was carried out there. Two large companies operate on the territory of the district VSAM Production...

Residents of the village of Maraldy in the Kurchum region continue to oppose its construction, and gold miners complain that they were forced to stop work

It is worth noting that before that, intelligence work was carried out there. Two large companies operate on the territory of the district VSAM Production...

23.09.2022

Bullion keeps spiralling down on US monetary stand

Gold prices fell 1% on Thursday, as the dollar rose sharply after the U.S. Federal Reserve increased interest rates by another 75 basis points and flagged more hikes.

Spot gold dropped 1% to $1,656.97 per ounce, as of 0114 GMT. U.S. gold futures fell 0.5% to $1,667.30.

The dollar index scaled a...

Gold prices fell 1% on Thursday, as the dollar rose sharply after the U.S. Federal Reserve increased interest rates by another 75 basis points and flagged more hikes.

Spot gold dropped 1% to $1,656.97 per ounce, as of 0114 GMT. U.S. gold futures fell 0.5% to $1,667.30.

The dollar index scaled a...

23.09.2022

Iron ore rebounds on rising China steel output, stimulus hopes

Iron ore futures rebounded from two-week lows on Thursday, bolstered by rising steel output in top producer China and expectations of higher demand for the steelmaking ingredient ahead of the country's Golden Week holiday.

Hopes of more stimulus to shore up China's COVID-hit economy also added to the buoyant mood.

The most-traded...

Iron ore futures rebounded from two-week lows on Thursday, bolstered by rising steel output in top producer China and expectations of higher demand for the steelmaking ingredient ahead of the country's Golden Week holiday.

Hopes of more stimulus to shore up China's COVID-hit economy also added to the buoyant mood.

The most-traded...

23.09.2022

Base metals rise on stimulus measures, China demand optimism

Prices of base metals broadly rose on Thursday as traders found comfort in fresh stimulus measures and on the prospects of improved demand from China’s construction sector towards the end of the rainy season.

Three-month zinc on the London Metal Exchange was up 0.6% at $3,117.50 a tonne, as of 0618...

Prices of base metals broadly rose on Thursday as traders found comfort in fresh stimulus measures and on the prospects of improved demand from China’s construction sector towards the end of the rainy season.

Three-month zinc on the London Metal Exchange was up 0.6% at $3,117.50 a tonne, as of 0618...

Manufacturing industry

23.09.2022

Kazakhstan notes decrease in investments in manufacturing industry

The volume of investments in fixed assets in the manufacturing industry in January-July 2022 amounted to 720.8 billion tenge, which is 13.9% less in monetary terms compared to the same period last year (PVI at only 81.6%).

The share of investments in the manufacturing industry in the total volume of investments...

The volume of investments in fixed assets in the manufacturing industry in January-July 2022 amounted to 720.8 billion tenge, which is 13.9% less in monetary terms compared to the same period last year (PVI at only 81.6%).

The share of investments in the manufacturing industry in the total volume of investments...

23.09.2022

Kazakhstan adopts Comprehensive Plan for Development of Engineering Industry

Prime Minister Alikhan Smailov took part in the plenary session of the 10th Anniversary Forum of Machine Builders of Kazakhstan, held as part of the II International Specialized Exhibition for Machine Building and Metalworking Kazakhstan Machinery Fair in Astana.

Opening the forum, the Prime Minister read out a welcoming speech by...

Prime Minister Alikhan Smailov took part in the plenary session of the 10th Anniversary Forum of Machine Builders of Kazakhstan, held as part of the II International Specialized Exhibition for Machine Building and Metalworking Kazakhstan Machinery Fair in Astana.

Opening the forum, the Prime Minister read out a welcoming speech by...

23.09.2022

50 foreign companies plan to move to Kazakhstan

About 50 large foreign companies that have closed their production facilities in neighbouring countries have expressed a desire to move to Kazakhstan. This was stated by Prime Minister Alikhan Smailov at the X forum of machine builders. According to the head of government, the current political situation has not only...

About 50 large foreign companies that have closed their production facilities in neighbouring countries have expressed a desire to move to Kazakhstan. This was stated by Prime Minister Alikhan Smailov at the X forum of machine builders. According to the head of government, the current political situation has not only...

23.09.2022

Kazakhstan builds new factories in north

Eight projects are being implemented in the North Kazakhstan region. Among them are the production of poultry meat, butter and mining. According to the regional administration, the total investment is 172.8 billion tenge.

An oil extraction plant is being built in the region for 15 billion tenge. The capacity of the...

Eight projects are being implemented in the North Kazakhstan region. Among them are the production of poultry meat, butter and mining. According to the regional administration, the total investment is 172.8 billion tenge.

An oil extraction plant is being built in the region for 15 billion tenge. The capacity of the...

23.09.2022

Investor from Turkey helps open another production facility in Kazakhstan

In the Kyzylorda region they want to establish paper production, with reference to the regional administration. According to the information, the project is planned to be implemented with the participation of an investor from Turkey, Isiklar Holding. In particular, a foreign company can set up the production of cardboard packaging.

The...

In the Kyzylorda region they want to establish paper production, with reference to the regional administration. According to the information, the project is planned to be implemented with the participation of an investor from Turkey, Isiklar Holding. In particular, a foreign company can set up the production of cardboard packaging.

The...

23.09.2022

Kazakhstan plans to produce about 100,000 cars by end of year

Deliveries of components for the production of cars from Russia to Kazakhstan have resumed.

"Now the situation has straightened out. Spare parts for cars come to us from China, Vietnam, Korea and Russia. There were interruptions in the supply of spare parts that were supplied from Russia. But together with the...

Deliveries of components for the production of cars from Russia to Kazakhstan have resumed.

"Now the situation has straightened out. Spare parts for cars come to us from China, Vietnam, Korea and Russia. There were interruptions in the supply of spare parts that were supplied from Russia. But together with the...

Trade and Consumer Goods

23.09.2022

Trade without checks and other features of Kazakhstani retail assessed

More than 40% of the population lives in rural areas in Kazakhstan today. In the official retail turnover, the villages accounted for only 7.4% of the retail volume in August of this year and only 7.7% for the first 8 months of the year in total (January-August).

This dynamic doesn't change...

More than 40% of the population lives in rural areas in Kazakhstan today. In the official retail turnover, the villages accounted for only 7.4% of the retail volume in August of this year and only 7.7% for the first 8 months of the year in total (January-August).

This dynamic doesn't change...

23.09.2022

Kazakhstan increases milk imports from neighbours

Kazakhstan began to buy more foreign dairy products, while the export of domestic goods was seriously reduced. In January-July 2022, 90.7 thousand tonnes of products were imported into the country (+1.9% compared to the same period in 2021). Meanwhile, the export of this type of product decreased by 42.5% and...

Kazakhstan began to buy more foreign dairy products, while the export of domestic goods was seriously reduced. In January-July 2022, 90.7 thousand tonnes of products were imported into the country (+1.9% compared to the same period in 2021). Meanwhile, the export of this type of product decreased by 42.5% and...

Agriculture

23.09.2022

Kazakh cotton harvesters go into fields

Cotton growers of the Turkestan region brought combines into the field. The largest producers of "white gold" have already begun mass harvesting of raw gold. According to forecasts, the equipment should remove at least 80% of the crop from the fields, and in some farms up to 100%, giving only...

Cotton growers of the Turkestan region brought combines into the field. The largest producers of "white gold" have already begun mass harvesting of raw gold. According to forecasts, the equipment should remove at least 80% of the crop from the fields, and in some farms up to 100%, giving only...

23.09.2022

Kazakhstan establishes wool processing facility

In the Abay region, a project is being implemented for almost 9 billion tenge in the light industry. This was reported in the regional administration. They want to build a plant for deep processing of wool in the region. The project is currently under development. The estimated cost is 8.9...

In the Abay region, a project is being implemented for almost 9 billion tenge in the light industry. This was reported in the regional administration. They want to build a plant for deep processing of wool in the region. The project is currently under development. The estimated cost is 8.9...

23.09.2022

Wheat benchmarks up at rhythm of war drums

U.S. and European wheat futures rose further on Wednesday as Russia's announcement of a mobilisation of reservists fuelled fears of an escalation in the Ukraine war that has disrupted crucial Black Sea exports this year.

Corn and soybeans inched higher due to the Black Sea tensions and stronger crude oil prices....

U.S. and European wheat futures rose further on Wednesday as Russia's announcement of a mobilisation of reservists fuelled fears of an escalation in the Ukraine war that has disrupted crucial Black Sea exports this year.

Corn and soybeans inched higher due to the Black Sea tensions and stronger crude oil prices....

Communications and Transportation

23.09.2022

Russians push out traders of Kazakhstan

Kazakhstan asked for additional measures of state support for exporters. According to MP Lazzat Ramazanova, Kazakhstan aims to double the export of non-commodity goods by 2025, but these goals risk remaining on paper.

"In order to support the domestic food industry, as well as reduce the risks of social tensions, it...

Kazakhstan asked for additional measures of state support for exporters. According to MP Lazzat Ramazanova, Kazakhstan aims to double the export of non-commodity goods by 2025, but these goals risk remaining on paper.

"In order to support the domestic food industry, as well as reduce the risks of social tensions, it...

23.09.2022

Kazakh Civil Aviation Committee speaks on cost of tickets from Moscow to Almaty

The Civil Aviation Committee commented on reports of a sharp rise in the cost of tickets on the Moscow-Almaty route, with reference to the press service of the CAC.

“In connection with the dissemination of information on social networks regarding the cost of tickets on the Moscow-Almaty route, we inform you...

The Civil Aviation Committee commented on reports of a sharp rise in the cost of tickets on the Moscow-Almaty route, with reference to the press service of the CAC.

“In connection with the dissemination of information on social networks regarding the cost of tickets on the Moscow-Almaty route, we inform you...

23.09.2022

Kazakh oil province to launch 9 tourism investment projects

9 tourism investment projects worth KZT 10.8 bln will be developed in Atyrau under the 2021-2025 socioeconomic development plan of the region, head of the entrepreneurship and tourism department Nurbol Zhanabekov said.

As a result, 338 new jobs will be generated.

The Nurly-Tal ethno-park was built this year in the city of...

9 tourism investment projects worth KZT 10.8 bln will be developed in Atyrau under the 2021-2025 socioeconomic development plan of the region, head of the entrepreneurship and tourism department Nurbol Zhanabekov said.

As a result, 338 new jobs will be generated.

The Nurly-Tal ethno-park was built this year in the city of...

Regional News

23.09.2022

Rosstat lags behind Russian Central Bank in assessing needs of citizens

The Central Bank fixes a turn in the estimates of consumer sentiment of citizens. As follows from the September analytical commentary of the regulator on this topic, the consumer sentiment index fell to 97.8 points (minus 0.5 points compared to August). As part of this indicator, the index of expectations...

The Central Bank fixes a turn in the estimates of consumer sentiment of citizens. As follows from the September analytical commentary of the regulator on this topic, the consumer sentiment index fell to 97.8 points (minus 0.5 points compared to August). As part of this indicator, the index of expectations...

23.09.2022

Russia's budget deficit in 2022 amounts to 0.9% of GDP, or 1.313 trillion rouble

In 2022, oil production in Russia is expected to reach 515 million tonnes, in 2023 it will amount to 490 million, and in 2024-2025 about 500 million tonnes per year, according to a document of the Ministry of Finance of Russia, which is at the disposal of RIA Novosti.

"The refusal...

In 2022, oil production in Russia is expected to reach 515 million tonnes, in 2023 it will amount to 490 million, and in 2024-2025 about 500 million tonnes per year, according to a document of the Ministry of Finance of Russia, which is at the disposal of RIA Novosti.

"The refusal...

23.09.2022

Moscow Exchange mulls abandoning dollar/rouble pair conversion business

The Moscow Exchange may abandon the conversion of the dollar/ruble pair [USD-RUB] in the future, which means selling the business ensuring conversion, Chairman of the exchange’s Supervisory Board Sergey Shvetsov told reporters on Thursday.

"Moscow Exchange plays not only a commercial, but also a state role in this respect. The dollar/ruble...

The Moscow Exchange may abandon the conversion of the dollar/ruble pair [USD-RUB] in the future, which means selling the business ensuring conversion, Chairman of the exchange’s Supervisory Board Sergey Shvetsov told reporters on Thursday.

"Moscow Exchange plays not only a commercial, but also a state role in this respect. The dollar/ruble...

23.09.2022

Russia updates budget forecast

The Russian budget will be in deficit from 2023 to 2025, Prime Minister Mikhail Mishustin said at a government meeting on Thursday.

“During the entire period, the budget will be in deficit, the main source of its coverage will be government borrowing,” he explained.

The prime minister also estimated total government revenues in...

The Russian budget will be in deficit from 2023 to 2025, Prime Minister Mikhail Mishustin said at a government meeting on Thursday.

“During the entire period, the budget will be in deficit, the main source of its coverage will be government borrowing,” he explained.

The prime minister also estimated total government revenues in...

23.09.2022

Russia to increase military hardware production

Rostech – the Russian state-owned defense industry giant – has vowed to enhance its production capabilities to keep up with the growing demand for military hardware amid the partial mobilization, the corporation announced on Wednesday. Certain management decisions have already been taken, it added. 

“Today, many Rostech enterprises have already introduced...

Rostech – the Russian state-owned defense industry giant – has vowed to enhance its production capabilities to keep up with the growing demand for military hardware amid the partial mobilization, the corporation announced on Wednesday. Certain management decisions have already been taken, it added. 

“Today, many Rostech enterprises have already introduced...

23.09.2022

Washington sends war toys to Central Asia in bid to lure new proxies

In exchange for “assistance in the fight against terrorism”, the United States intends to transfer to Uzbekistan and Tajikistan 46 military planes and helicopters flown to the Central Asian republics by Afghan air force pilots. According to observers, however, Washington is trying to deploy its military facilities in the region.

America...

In exchange for “assistance in the fight against terrorism”, the United States intends to transfer to Uzbekistan and Tajikistan 46 military planes and helicopters flown to the Central Asian republics by Afghan air force pilots. According to observers, however, Washington is trying to deploy its military facilities in the region.

America...

23.09.2022

Bargain hunting caps China stock markets losses

Hong Kong stocks hit a near 11-year low on Thursday, as another big U.S. interest rate hike dampened risk appetite, but bargain hunting helped Chinese shares limit losses.

Hong Kong equity benchmark Hang Seng dropped nearly 2% in morning trading to 18,097.58, after touching its lowest level since December, 2011.

In mainland...

Hong Kong stocks hit a near 11-year low on Thursday, as another big U.S. interest rate hike dampened risk appetite, but bargain hunting helped Chinese shares limit losses.

Hong Kong equity benchmark Hang Seng dropped nearly 2% in morning trading to 18,097.58, after touching its lowest level since December, 2011.

In mainland...

23.09.2022

Yuan hits bottom on US state support for gringo dollar

China's yuan ended its domestic session at a 27-month low against a surging dollar on Thursday, after the U.S. Federal Reserve delivered another 75-basis-point interest rate rise and signalled more hikes in coming months.

The onshore yuan closed the domestic session at 7.0810 per dollar, the weakest such close since June...

China's yuan ended its domestic session at a 27-month low against a surging dollar on Thursday, after the U.S. Federal Reserve delivered another 75-basis-point interest rate rise and signalled more hikes in coming months.

The onshore yuan closed the domestic session at 7.0810 per dollar, the weakest such close since June...

23.09.2022

China's non-financial ODI up 7.2 pct in January-August

China's non-financial outbound direct investment (ODI) reached 492.76 billion yuan in the first eight months of the year, up 7.2 percent year on year, official data showed Thursday.

In U.S. dollar terms, the ODI rose 5.8 percent from a year ago to 75.11 billion dollar, according to the Ministry of Commerce.

Outbound...

China's non-financial outbound direct investment (ODI) reached 492.76 billion yuan in the first eight months of the year, up 7.2 percent year on year, official data showed Thursday.

In U.S. dollar terms, the ODI rose 5.8 percent from a year ago to 75.11 billion dollar, according to the Ministry of Commerce.

Outbound...

Prices and Statistics

23.09.2022

Commodities

Date: September 23, 2022; Source: Bloomberg.com
...

Date: September 23, 2022; Source: Bloomberg.com

23.09.2022

Exchange Rates

Date: September 23, 2022; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 481.29
1 EURO EUR / KZT 474.31
1 RUSSIAN ROUBLE RUB / KZT 8.03
1 CHINESE YUAN CNY / KZT 68.01
1 KYRGYZIAN SOM KGS / KZT 5.93
1 GREAT BRITAIN POUND GBP / KZT 543.28
1 CANADIAN DOLLAR CAD / KZT 357.01
1 AUSTRALIAN DOLLAR AUD / KZT 318.9
...

Date: September 23, 2022; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

481.29

1 EURO

EUR / KZT

474.31

1 RUSSIAN ROUBLE

RUB / KZT

8.03

1 CHINESE YUAN

CNY / KZT

68.01

1 KYRGYZIAN SOM

KGS / KZT

5.93

1 GREAT BRITAIN POUND

GBP / KZT

543.28

1 CANADIAN DOLLAR

CAD / KZT

357.01

1 AUSTRALIAN DOLLAR

AUD / KZT

318.9