Issue 4139 - 01.02.2023
01.02.2023

The President held a meeting on the further development of Astana

The head of state instructed the akimat of Astana to hold public hearings by the end of the year, develop a new General Plan of the capital and submit it to the Government.

Kassym-Jomart Tokayev held a meeting on the further development of the capital.

In his speech, the head of state noted that Astana occupies a special place in the life of the country. The city has certain requirements related not only to the economy, but also to architecture and urbanism, the spiritual and social sphere.

Kassym-Jomart Tokayev urged not to dwell on the results achieved and set a number of specific tasks for the development of the capital.

He considers it necessary to consistently develop the infrastructure of Astana. If the current pace of urbanization is maintained, the population of the capital can reach two million people by 2030.

"The city is growing rapidly, due to which many requirements of the Master Plan are systematically violated today. Therefore, the priority task is the comprehensive development of engineering infrastructure. However, there are certain problems in this direction. In particular, the akimat has not been able to commission CHP-3 for more than 10 years The completion date of the project was repeatedly postponed, which led to its rise in cost by 53 billion tenge.This issue was raised in 2019, but the readiness of the facility is still only 83%.As a result, the capital suffers from a shortage of heat energy exceeding 300 gigacalories. Akimat should ensure the commissioning of the first stage of CHPP-3 by the end of this year, as well as complete the construction of two gas boilers," the head of state stressed.

The President drew the attention of the meeting participants to other extremely important tasks - ensuring stable electricity supply and gasification of the city.

"In 2019, the first stage of the Saryarka gas pipeline was completed. The task of the akimat is to bring gas to residential areas where more than 300 thousand people live. Today, only about 8 thousand subscribers have organized gas supply. Due to the slow pace of gasification, the environment is deteriorating - in On frosty days, the smoke of stove heating forms a thick smog over the city. Earlier, I repeatedly gave instructions to complete the gasification of the capital. But the deadlines for its execution are constantly postponed," Kassym-Jomart Tokayev said.

According to him, the very connection of gas for citizens is expensive - up to two million tenge. And this situation has developed in all regions. The Agency for the Protection and Development of Competition, together with the Government, was instructed to make specific proposals to ensure transparent and understandable pricing for gas connection for the population. Many questions have accumulated in the field of housing construction.

"The problem of about four thousand equity holders is also on the agenda. The Akimat and the Government must solve it by the end of this year. At the same time, due to the weak legislative framework, new problematic objects may appear in the city. Currently, more than 90 residential complexes. Construction companies simply pay a small fine and continue to attract funds from citizens. The government should tighten state regulation measures. Developers should not be allowed to attract funds from equity holders bypassing the law. The Financial Monitoring Agency should be involved in this work," the president said.

Kassym-Jomart Tokayev pointed out that the authorized bodies receive many complaints regarding the lack of transparency in the allocation of land plots. We are talking about "special" conditions for well-known construction companies. He instructed to make this process completely open - to provide land through digital services and on a competitive basis.

Another important issue concerns the development of the transport system of the capital.

"The number of cars is growing every year. For this reason, traffic jams have become a very serious problem. This causes indignation among residents. For example, congestion constantly occurs on Mangilik El Avenue. The construction of a bridge on Tauelsizdik Avenue must be completed before the end of this year. In addition, the construction of a small bypass road (46 kilometers). When building new residential complexes, transport accessibility is not fully taken into account. In a word, work on the development of the transport system is lame," the head of state said.

Kassym-Jomart Tokayev instructed the capital's akimat to speed up work on the LRT construction project.

"I have already said that the LRT project was basically wrong. But now we have no other choice. We must implement this project. If we stop the construction of the LRT, the losses will be even greater. There is no other alternative," he said.

The President proposed to revise the Concept for the development of the urban environment. He believes that Astana lacks parks, few places for comfortable walks and recreation for residents. When building the city, the akimat missed these moments. Now the capital needs more public spaces, green spaces and pedestrian streets.

With the right approach, it can be transformed into a dynamic zone of attraction for citizens. It is necessary to develop a unified concept for the development of public spaces," Kassym-Jomart Tokayev emphasized.

The speech also touched upon the issues of the aesthetic appearance of the capital and infill development of residential areas. Another important issue is the construction of houses without parking lots.

"It has become unsafe to let children go outside - the yards are full of cars. It's time to stop building houses without parking lots! I instruct the Government to make an appropriate decision. There are also not enough parking spaces in the area of ​​the House of Ministries. Citizens are forced to park cars where they have to, including in residential yards houses. This undoubtedly creates discomfort for residents of nearby residential complexes. At the same time, there is a free land plot between the Prosecutor General's Office and the Zhusan Bank building. An alternative option is the territory behind the Supreme Court building. I instruct the city akimat to consider the possibility of building a multi-level covered car parking and a pedestrian bridge at one of these sites," the head of state said.

The President criticized the situation with the improvement and lighting of the streets, as well as the poor organization of snow removal work. According to him, the slightest snowfall literally paralyzes the city. Recently, the capital actually turned into a real ice rink for several days. The head of state also pointed out the lack of a unified concept of greening the city.

"Each district akimat plants trees "to its own color and taste." What systemic work can we talk about if the city has not yet carried out an inventory of green spaces? The potential of the Zelenstroy nursery is not fully used. As a result, green spaces are dying due to for the lack of proper care. In addition, only 10% of perennial plants are used in landscaping the city. Inefficient spending on annual plants is an unacceptable luxury. I instruct the akimat to increase the planting of perennial plants to 50% within 3 years. I set a specific task - the capital within 5 years should become a garden city," Kassym-Jomart Tokayev instructed.

He called the work to improve the social well-being of citizens a priority. The government, together with the akimat, will have to take measures to address the issues of youth unemployment. Complaints continue to be received regarding the low quality and availability of medical services in the capital.

"Over the past 10 years, the population of Astana has increased by 2.5 times. The medical infrastructure has not kept pace with the growth in the population of the capital. There is a shortage of places in polyclinics, maternity hospitals and they are overloaded by 68%. Moreover, some hospitals do not meet elementary basic sanitary standards "Reception rooms in children's hospitals are not equipped. The children's trauma center is the only one in the capital, there are always a lot of patients. At the same time, Multidisciplinary Children's Hospital No. 3 operates only as an infectious disease. Until now, surgical, ophthalmological and trauma care has not been provided here. Such a state of affairs shameful for the capital. The Ministry of Health, together with the city administration, needs to resolve all the identified issues of children's medicine in the capital," the president said.

Kassym-Jomart Tokayev believes that Astana should attract talent, be the educational and intellectual center of the country. However, the city still has the problem of a shortage of school places and three-shift education, as well as a shortage of kindergartens. Today, 45,000 children are on the waiting list for places in preschool organizations.

Improving the quality of teaching staff should be at the forefront. In general, the education system of the city should move to the international level. So far, this trend has not been observed," the head of state noted.

The President believes that it is necessary to systematically increase the economic potential of Astana and the Astana agglomeration. To ensure the progressive economic growth of the capital, first of all, it is necessary to review the work of special economic zones.

they give up and leave. As a result, Astana does not receive significant amounts of investment," Kassym-Jomart Tokayev pointed out problematic issues.

In his opinion, an extremely urgent problem for the city is high inflation. According to the results of last year, the price growth here reached 23%. This is one of the worst figures in the country. Food products in Astana have risen in price by an average of a quarter over the year. The akimat has ceased to form reserves in the stabilization fund and switched to issuing preferential loans to retail chains as part of a "turnaround scheme." 14 billion tenge has been allocated, which is the largest figure among the regions.

"Obviously, the measures taken are not effective enough. For years it has been talked about the development of a food belt around the capital, but this work has not been done. Astana produces food 4 times less than Almaty, and 2 times less than Shymkent. In general, in In terms of all regions, the city ranks last in this indicator. Over the past 8 years, food imports to the capital have increased 3 times. Basically, we are talking about products that can be produced here. At the same time, local processing enterprises are only half loaded. The situation is aggravated by the lack of premises for storage of vegetables.Therefore, by 2025, more than 13,000 tons of vegetable storage capacity should be commissioned in the city.The Ministry of Agriculture, together with the akimats of Astana and the Akmola region, should take effective measures to form a food belt around the capital," the president said.

Kassym-Jomart Tokayev called the systematic development of the Astana agglomeration a strategically important direction.

The speech noted the need to stimulate close trade, economic, transport and logistics cooperation between the capital and suburbs. The placement of new industrial enterprises and infrastructure facilities in them will contribute to increasing the potential of the villages near the capital. This will smooth out the existing imbalance between the standard of living in Astana and nearby settlements.

"The akims of Astana and the Akmola region need to make efforts to improve the well-being of the population living in the suburbs. The Astana agglomeration should be as comfortable as possible for attracting investments, introducing innovations and the labor of qualified specialists. It is necessary to intensify work in this direction. At the current stage, when cardinal changes are taking place in the global economy, this is a very topical issue. We must seize this historic opportunity to make the capital region the economic backbone of our country," the head of state said.

He believes that the capital should switch to a new development model, transform into an innovative city of the future. New digital approaches to city management are being intensively introduced in the world, which should be paid attention to.

"I specifically met with the leaders of the G42 company in the United Arab Emirates. This company is a leader in the development of artificial intelligence. They are ready to present us their achievements in this area as part of the Smart City project. I instruct the Akimat, together with the Ministry of Digital Development, to immediately begin this work "In general, it is necessary to attract representatives of the IT business and qualified specialists in this field. Thus, our capital will become the center of the region's Digital nomads. We must develop Astana on the principle of a creative, comfortable and clean city. We must effectively apply all the best world experience" , Kassym-Jomart Tokayev emphasized.

According to him, it is urgent to modernize the capital and revise its development strategy.

"This document should define the main directions of the integrated development of the city. By the end of this year, the Akimat of Astana needs to hold public hearings, develop a new General Plan of the capital and submit it to the Government. The Presidential Administration will take control of the timely and high-quality execution of work," summed up his speech by the president.

Astana Mayor Zhenis Kasymbek, First Deputy Prime Minister Roman Sklyar, Deputy Prime Minister Altai Kulginov spoke during the meeting.

By the Kazakhstanskaya Pravda

Kazakhstan General

01.02.2023

Head of State expressed his condolences to the President of Pakistan

The head of state took with deep regret the news of the numerous victims and injured as a result of the terrorist attack in the mosque of the city of Peshawar.

Kassym-Jomart Tokayev sent telegrams of condolences to Pakistani President Arif Alvi and Pakistani Prime Minister Shahbaz Sharif.

It is reported that...

The head of state took with deep regret the news of the numerous victims and injured as a result of the terrorist attack in the mosque of the city of Peshawar.

Kassym-Jomart Tokayev sent telegrams of condolences to Pakistani President Arif Alvi and Pakistani Prime Minister Shahbaz Sharif.

It is reported that...

01.02.2023

"I'm waiting for concrete results": the President instructed to develop a new General Plan of Astana

At a meeting on the development of the capital, Head of State Kassym-Zhomart Tokayev instructed to develop a new Master Plan for Astana.

"We must develop Astana on the principle of a creative, comfortable and clean city. At the same time, we strive for the advanced standards of Dubai, Singapore and...

At a meeting on the development of the capital, Head of State Kassym-Zhomart Tokayev instructed to develop a new Master Plan for Astana.

"We must develop Astana on the principle of a creative, comfortable and clean city. At the same time, we strive for the advanced standards of Dubai, Singapore and...

01.02.2023

We need open and lively communication – Kazakh PM on Ministers and Akims meeting with citizens

The results of Ministers and akims' meetings with Kazakhstan citizens in 2022 were considered at the Government session chaired by Prime Minister Alikhan Smailov.

Minister of Information and Social Development Darkhan Kydirali reported that following the results of the last year the ministers held 216 personal meetings at which 1,679 problematic...

The results of Ministers and akims' meetings with Kazakhstan citizens in 2022 were considered at the Government session chaired by Prime Minister Alikhan Smailov.

Minister of Information and Social Development Darkhan Kydirali reported that following the results of the last year the ministers held 216 personal meetings at which 1,679 problematic...

01.02.2023

Kazakhstan and Estonia aim to expand bilateral cooperation

The Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Roman Vassilenko met with a delegation from Estonia, headed by the Director General of Department of Eastern Europe and Central Asia of the Ministry of Foreign Affairs of Estonia Marge Mardisalu-Kahar, who arrived in Astana to participate in political...

The Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Roman Vassilenko met with a delegation from Estonia, headed by the Director General of Department of Eastern Europe and Central Asia of the Ministry of Foreign Affairs of Estonia Marge Mardisalu-Kahar, who arrived in Astana to participate in political...

01.02.2023

Kazakhstan’s international human rights obligations discussed at dialogue platform at MFA

Kazakhstan’s international obligations in the field of human rights and ensuring their implementation in the activities of the country’s judicial system were discussed at the first meeting in 2023 of the Human Dimension Dialogue Platform, Consultative and Advisory Body under the Ministry of Foreign Affairs of Kazakhstan.

Members of Parliament, the...

Kazakhstan’s international obligations in the field of human rights and ensuring their implementation in the activities of the country’s judicial system were discussed at the first meeting in 2023 of the Human Dimension Dialogue Platform, Consultative and Advisory Body under the Ministry of Foreign Affairs of Kazakhstan.

Members of Parliament, the...

Finance and Investment

01.02.2023

Kazakhstan’s inflation expected to relax in 2023

The Applied Economics Research Centre (AERC) published its macroeconomic review for Kazakhstan on Jan. 31, projecting the country’s average annual consumer inflation rate to slow down to 9.8 percent this year, according to the AERC press service.

Despite a global recession and ongoing uncertainty, the AERC provided a rather positive outlook...

The Applied Economics Research Centre (AERC) published its macroeconomic review for Kazakhstan on Jan. 31, projecting the country’s average annual consumer inflation rate to slow down to 9.8 percent this year, according to the AERC press service.

Despite a global recession and ongoing uncertainty, the AERC provided a rather positive outlook...

01.02.2023

GDP growth rate of Kazakhstan in January reaches 3-5%

The economy of Kazakhstan in January 2022 in annual terms can grow by 3-5%, analysts say. Zhannur Ashigali, Deputy Director of the ACRA branch in the AIFC, expects GDP growth at the beginning of this year to be about 3% (year-on-year). “In general, the economic dynamics in Kazakhstan continues to...

The economy of Kazakhstan in January 2022 in annual terms can grow by 3-5%, analysts say. Zhannur Ashigali, Deputy Director of the ACRA branch in the AIFC, expects GDP growth at the beginning of this year to be about 3% (year-on-year). “In general, the economic dynamics in Kazakhstan continues to...

01.02.2023

Kazakhstan's GDP grows by 4.2% in 2023 according to base scenario

According to the AERC study, in 2023, according to the base scenario, the economy of Kazakhstan will grow by 4.2%, and real incomes of the population will increase by 8.1%.

Experts recalled that in 2022 the dollar exchange rate was on average at the level of 460.5 tenge, which is close...

According to the AERC study, in 2023, according to the base scenario, the economy of Kazakhstan will grow by 4.2%, and real incomes of the population will increase by 8.1%.

Experts recalled that in 2022 the dollar exchange rate was on average at the level of 460.5 tenge, which is close...

01.02.2023

International reserves of Kazakhstan increase by 1% on-month

International reserves of Kazakhstan at the end of December increased by 1%, to $90.8 billion compared to $89.8 billion a month earlier. This is evidenced by the data of the National Bank, published on Monday, January 31.

Of these, gross international reserves account for $35.07 billion, and the assets of the...

International reserves of Kazakhstan at the end of December increased by 1%, to $90.8 billion compared to $89.8 billion a month earlier. This is evidenced by the data of the National Bank, published on Monday, January 31.

Of these, gross international reserves account for $35.07 billion, and the assets of the...

01.02.2023

Current account balance of payments of Kazakhstan forms with surplus of $6.3 billion

The National Bank of Kazakhstan has formed a preliminary assessment of the balance of payments for 2022. The current account of the balance of payments has developed with a surplus of $6.3 billion. At the end of 2021, a deficit of $7.9 billion was recorded, citing the press service of...

The National Bank of Kazakhstan has formed a preliminary assessment of the balance of payments for 2022. The current account of the balance of payments has developed with a surplus of $6.3 billion. At the end of 2021, a deficit of $7.9 billion was recorded, citing the press service of...

01.02.2023

Producers and importers of Kazakhstan can return overpaid amounts of scrap

Manufacturers and importers of vehicles and self-propelled agricultural machinery must apply for a refund or offset against future payments of overpaid amounts of the utilisation fee in 2022 by March 1, 2023, with reference to the Zhasyl Damu press service.

Appropriate documents must be attached to the application.

Zhasyl Damu reminded that...

Manufacturers and importers of vehicles and self-propelled agricultural machinery must apply for a refund or offset against future payments of overpaid amounts of the utilisation fee in 2022 by March 1, 2023, with reference to the Zhasyl Damu press service.

Appropriate documents must be attached to the application.

Zhasyl Damu reminded that...

01.02.2023

Kazakh financiers explain 60% tax increase

High oil prices, economic growth and weakening tenge led to an increase in tax revenues by 59%, to 21.2 trillion tenge, in 2022, according to the Association of Financiers of Kazakhstan (AFK). In this regard, the deficit of the consolidated budget decreased by 2.7 times, to 1.3 trillion tenge, the...

High oil prices, economic growth and weakening tenge led to an increase in tax revenues by 59%, to 21.2 trillion tenge, in 2022, according to the Association of Financiers of Kazakhstan (AFK). In this regard, the deficit of the consolidated budget decreased by 2.7 times, to 1.3 trillion tenge, the...

01.02.2023

Kazakh officials offer new way to cooperate with business

Kazakhstani officials want to start relations with business from scratch. During the government meeting, Prime Minister Alikhan Smailov said that the Cabinet of Ministers is always open to proposals.

"The reform from a clean slate will improve the efficiency of regulating the business environment and create favourable and stimulating conditions for...

Kazakhstani officials want to start relations with business from scratch. During the government meeting, Prime Minister Alikhan Smailov said that the Cabinet of Ministers is always open to proposals.

"The reform from a clean slate will improve the efficiency of regulating the business environment and create favourable and stimulating conditions for...

01.02.2023

Kazakhstan predicts further weakening of tenge

The average annual rate of tenge may be at the level of 474 tenge per $1. This forecast was voiced in the AERC macroeconomic review.

In the document, analysts noted that the depreciation of the national currency is associated with prerequisites for a lower cost of Brent crude oil.

"As part of...

The average annual rate of tenge may be at the level of 474 tenge per $1. This forecast was voiced in the AERC macroeconomic review.

In the document, analysts noted that the depreciation of the national currency is associated with prerequisites for a lower cost of Brent crude oil.

"As part of...

01.02.2023

It becomes more difficult to get microloans in Kazakhstan

In Kazakhstan, the number of refusals in the microloan segment is growing. Last year, there was a decline in approvals for loans to Kazakhstanis. Thus, according to Zaimer, in December 2022, 64.9% of all applied clients received microloans, compared with 65.2% in November. At the same time, only 18% of...

In Kazakhstan, the number of refusals in the microloan segment is growing. Last year, there was a decline in approvals for loans to Kazakhstanis. Thus, according to Zaimer, in December 2022, 64.9% of all applied clients received microloans, compared with 65.2% in November. At the same time, only 18% of...

01.02.2023

Level of financial literacy of Kazakhstanis increases

In 2020-2022, there has been an increase in the level of financial literacy in Kazakhstan: people have become more responsible in paying bills, more disciplined in financial planning and budgeting, in generating savings after paying monthly mandatory expenses. This is evidenced by the results of a sociological study conducted by...

In 2020-2022, there has been an increase in the level of financial literacy in Kazakhstan: people have become more responsible in paying bills, more disciplined in financial planning and budgeting, in generating savings after paying monthly mandatory expenses. This is evidenced by the results of a sociological study conducted by...

01.02.2023

Taxes, contributions and deductions retired employees in Kazakhstan need to pay

In Kazakhstan, men retire at 63. The retirement age for women is fixed at 61 until 2028. Some Kazakhstanis continue to work even after reaching retirement age. The correspondent of the Kapital.kz business information centre has prepared an overview of what taxes, contributions and deductions are paid for a retired...

In Kazakhstan, men retire at 63. The retirement age for women is fixed at 61 until 2028. Some Kazakhstanis continue to work even after reaching retirement age. The correspondent of the Kapital.kz business information centre has prepared an overview of what taxes, contributions and deductions are paid for a retired...

01.02.2023

Kazakhstan retains recommended deposit rates for March

The marginal rates on deposits in tenge for March 2023 remained unchanged and were kept at the level of February values, citing the press service of the Kazakhstan Deposit Insurance Fund.

The KDIF reminded that second-tier banks independently decide on the size of interest rates for their deposit products.

The maximum KDIF...

The marginal rates on deposits in tenge for March 2023 remained unchanged and were kept at the level of February values, citing the press service of the Kazakhstan Deposit Insurance Fund.

The KDIF reminded that second-tier banks independently decide on the size of interest rates for their deposit products.

The maximum KDIF...

01.02.2023

Weighted average dollar rate at KASE amounts to 460.5 tenge

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on January 31, 2023 at 17:00 amounted to 460.52 tenge. Compared to the data as of 17:00 on January 30 (459.87 tenge per 1 dollar), the national currency weakened against the dollar by 0.65 tenge.

According to KASE, the...

The weighted average dollar exchange rate on the Kazakhstan Stock Exchange (KASE) on January 31, 2023 at 17:00 amounted to 460.52 tenge. Compared to the data as of 17:00 on January 30 (459.87 tenge per 1 dollar), the national currency weakened against the dollar by 0.65 tenge.

According to KASE, the...

01.02.2023

Stock markets face blow on resilient greenback

The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss.

The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE) on Thursday.

Currencies struggled for direction...

The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss.

The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE) on Thursday.

Currencies struggled for direction...

Oil and Gas Sector

01.02.2023

Transneft sets cap for Kazakh oil deliveries to Germany

Russia's Transneft said on Tuesday that oil shipments from Kazakhstan to Germany via the Druzhba pipeline, exempt from Western sanctions, will begin in February, Novosti reported. The company said it had agreed a contract to supply 20,000 tonnes of Kazakh oil to Germany in February.

The TASS news agency also said...

Russia's Transneft said on Tuesday that oil shipments from Kazakhstan to Germany via the Druzhba pipeline, exempt from Western sanctions, will begin in February, Novosti reported. The company said it had agreed a contract to supply 20,000 tonnes of Kazakh oil to Germany in February.

The TASS news agency also said...

01.02.2023

Exxon Mobil logs huge 2022 profit on overvalued crude

Exxon Mobil Corp, the US oil giant which has heavy stakes in Kazakhstan’s upstream sector, posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the...

Exxon Mobil Corp, the US oil giant which has heavy stakes in Kazakhstan’s upstream sector, posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the...

01.02.2023

Brent drops below $84/b as Russia keeps supplies up

Oil prices fell by more than 1% on Tuesday, touching two-week lows on the prospect of further interest rate increases, a stronger U.S. dollar and ample Russian crude flows.

March Brent crude futures were $1.13, or 1.33%, lower at $83.77 per barrel by 1133 GMT, having touched their weakest level since...

Oil prices fell by more than 1% on Tuesday, touching two-week lows on the prospect of further interest rate increases, a stronger U.S. dollar and ample Russian crude flows.

March Brent crude futures were $1.13, or 1.33%, lower at $83.77 per barrel by 1133 GMT, having touched their weakest level since...

01.02.2023

Return of cold pushes natural gas benchmarks up

British and Dutch wholesale gas prices edged higher on Tuesday morning as forecasts for colder temperatures lifted demand although healthy stock levels limited gains.

The British within-day contract rose by 2.50 pence to 147.00 p/therm, while the day-ahead contract was up 9.40 pence at 147.50 p/therm, by 0955 GMT according to...

British and Dutch wholesale gas prices edged higher on Tuesday morning as forecasts for colder temperatures lifted demand although healthy stock levels limited gains.

The British within-day contract rose by 2.50 pence to 147.00 p/therm, while the day-ahead contract was up 9.40 pence at 147.50 p/therm, by 0955 GMT according to...

Metals and Minerals

01.02.2023

Bullion down as gringo dollar veers up

Gold prices fell 1% on Tuesday to a more than one-week low as the dollar firmed, while investors kept a close watch on the U.S. Federal Reserve's interest rate hike decision and policy outlook.

Spot gold dropped 1% to $1,904.29 per ounce by 1124 GMT, its lowest level since Jan. 19....

Gold prices fell 1% on Tuesday to a more than one-week low as the dollar firmed, while investors kept a close watch on the U.S. Federal Reserve's interest rate hike decision and policy outlook.

Spot gold dropped 1% to $1,904.29 per ounce by 1124 GMT, its lowest level since Jan. 19....

01.02.2023

Iron ore, coal depreciate as steel markets show mixed trends

Iron ore futures fell on Tuesday, with the Dalian benchmark price pulling back from the previous session’s contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.

The steelmaking ingredient, however, was on track for a 2% monthly gain in the Dalian...

Iron ore futures fell on Tuesday, with the Dalian benchmark price pulling back from the previous session’s contract high, as traders assessed demand in top steel producer China while also keeping an eye on regulatory risks.

The steelmaking ingredient, however, was on track for a 2% monthly gain in the Dalian...

01.02.2023

Non-ferrous base metals stuck on demand questions

Copper prices dropped on Tuesday after traders exercised caution ahead of an eventful week that will include central bank meetings and as physical demand in top consumer China remained stagnant.

Three-month copper on the London Metal Exchange was down 0.8% at $9,134 a tonne by 0556 GMT, while the most-traded March...

Copper prices dropped on Tuesday after traders exercised caution ahead of an eventful week that will include central bank meetings and as physical demand in top consumer China remained stagnant.

Three-month copper on the London Metal Exchange was down 0.8% at $9,134 a tonne by 0556 GMT, while the most-traded March...

Manufacturing industry

01.02.2023

Industrial development plan put in place for Kazakhstan’s Aktobe region

Business Roadmap project has allowed for creating over 12 thousand jobs and retaining up to 43 thousand since 2010 in Aktobe region.

According to Nurkhan Tleumuratov, the head of the region’s entrepreneurship department, Aktobe region has been leading the nation in the number of entrepreneurs receiving state support under the business...

Business Roadmap project has allowed for creating over 12 thousand jobs and retaining up to 43 thousand since 2010 in Aktobe region.

According to Nurkhan Tleumuratov, the head of the region’s entrepreneurship department, Aktobe region has been leading the nation in the number of entrepreneurs receiving state support under the business...

Trade and Consumer Goods

01.02.2023

Kazakhstan and United States increase trade with each other by third

Kazakhstan began to buy less chicken meat from the United States, but more medicines. At the end of last year, the trade turnover between the two countries increased by a third and exceeded $3 billion.

The export of Kazakh goods amounted to $1.1 billion, which is 32% more than in 2021....

Kazakhstan began to buy less chicken meat from the United States, but more medicines. At the end of last year, the trade turnover between the two countries increased by a third and exceeded $3 billion.

The export of Kazakh goods amounted to $1.1 billion, which is 32% more than in 2021....

01.02.2023

"This is one of the worst indicators in the country" - President on inflation in Astana

As the president noted, over the past 8 years, food imports to the capital have increased 3 times. What does it mean about products that can be produced here, on the spot.

President of the Republic of Kazakhstan Kassym-Jomart Tokayev spoke about inflation in Astana at a meeting on the development of...

As the president noted, over the past 8 years, food imports to the capital have increased 3 times. What does it mean about products that can be produced here, on the spot.

President of the Republic of Kazakhstan Kassym-Jomart Tokayev spoke about inflation in Astana at a meeting on the development of...

Agriculture

01.02.2023

Cereals futures entangled in US monetary policy

U.S. wheat, soybean and corn futures were little changed on Tuesday as caution prevailed across markets ahead of a slew of central bank policy meetings this week, including the U.S. Federal Reserve.

Investors broadly expect the U.S. Fed to raise interest rates by 25 basis points on Wednesday, while both the...

U.S. wheat, soybean and corn futures were little changed on Tuesday as caution prevailed across markets ahead of a slew of central bank policy meetings this week, including the U.S. Federal Reserve.

Investors broadly expect the U.S. Fed to raise interest rates by 25 basis points on Wednesday, while both the...

Communications and Transportation

01.02.2023

Astana Airport nets KZT 5.3bn in 2022

The Nursultan Nazarbayev International Airport JSC summed up 2022, according to the Airport’s press service.

For the first time over the past 5 years, the Airport secured both operating revenue and net income with overall income exceeding 100 billion tenge. Its gross operating income reached almost 25 billion tenge, while the...

The Nursultan Nazarbayev International Airport JSC summed up 2022, according to the Airport’s press service.

For the first time over the past 5 years, the Airport secured both operating revenue and net income with overall income exceeding 100 billion tenge. Its gross operating income reached almost 25 billion tenge, while the...

Regional News

01.02.2023

Yuan takes step back on pending US monetary move

China's yuan weakened against the dollar on Tuesday, as investors stayed cautious ahead of an expected rate hike by the U.S. Federal Reserve and took in stride more evidence of recovery in the pandemic-hit Chinese economy. China's non-manufacturing activity broke into expansion territory in January for the first time since...

China's yuan weakened against the dollar on Tuesday, as investors stayed cautious ahead of an expected rate hike by the U.S. Federal Reserve and took in stride more evidence of recovery in the pandemic-hit Chinese economy. China's non-manufacturing activity broke into expansion territory in January for the first time since...

01.02.2023

China stock markets cool down ater overheated start

China and Hong Kong stocks fell on Tuesday as investors locked in gains after a strong rally that was fuelled by record monthly foreign inflows, although analysts predict further upside ahead, citing growing signs of a post-COVID economic recovery.

The correction could also be triggered by signs of an escalating Sino-U.S....

China and Hong Kong stocks fell on Tuesday as investors locked in gains after a strong rally that was fuelled by record monthly foreign inflows, although analysts predict further upside ahead, citing growing signs of a post-COVID economic recovery.

The correction could also be triggered by signs of an escalating Sino-U.S....

01.02.2023

China's tax and fee cuts, refunds, deferrals exceed 4 trillion yuan in 2022

China's tax refunds, as well as tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (about 621.27 billion U.S. dollars) in 2022 amid the country's efforts to stabilize the macroeconomy, China's top tax authority said on Tuesday.

The total consists of approximately 2.46 trillion yuan worth of value-added tax credits...

China's tax refunds, as well as tax and fee cuts and deferrals, exceeded 4.2 trillion yuan (about 621.27 billion U.S. dollars) in 2022 amid the country's efforts to stabilize the macroeconomy, China's top tax authority said on Tuesday.

The total consists of approximately 2.46 trillion yuan worth of value-added tax credits...

01.02.2023

China's industries see revenue growth in 2022 as profits dip

China's major industrial firms grew steadily in terms of revenue in 2022, but their profits dipped due to certain factors impacting beyond expectations and a high base of comparison, official data showed Tuesday.

The combined revenues of industrial firms with an annual main business revenue of at least 20 million yuan...

China's major industrial firms grew steadily in terms of revenue in 2022, but their profits dipped due to certain factors impacting beyond expectations and a high base of comparison, official data showed Tuesday.

The combined revenues of industrial firms with an annual main business revenue of at least 20 million yuan...

Prices and Statistics

01.02.2023

Commodities

Date: February 01, 2023; Source: Bloomberg.com
...

Date: February 01, 2023; Source: Bloomberg.com

01.02.2023

Exchange Rates

Date: February 01, 2023; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 460.51
1 EURO EUR / KZT 498.69
1 RUSSIAN ROUBLE RUB / KZT 6.53
1 CHINESE YUAN CNY / KZT 68.18
1 KYRGYZIAN SOM KGS / KZT 5.35
1 GREAT BRITAIN POUND GBP / KZT 567.53
1 CANADIAN DOLLAR CAD / KZT 342.51
1 AUSTRALIAN DOLLAR AUD / KZT 322.82
...

Date: February 01, 2023; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

460.51

1 EURO

EUR / KZT

498.69

1 RUSSIAN ROUBLE

RUB / KZT

6.53

1 CHINESE YUAN

CNY / KZT

68.18

1 KYRGYZIAN SOM

KGS / KZT

5.35

1 GREAT BRITAIN POUND

GBP / KZT

567.53

1 CANADIAN DOLLAR

CAD / KZT

342.51

1 AUSTRALIAN DOLLAR

AUD / KZT

322.82