Issue 3070 - 19.09.2018
19.09.2018

Kazakhstan’s bunker harvest forecast at 20 million tonnes

Deputy Prime Minister and Minister of Agriculture Umirzak Shukeyev reported that according to preliminary data of the regional departments of agriculture, in 2018 crops will be harvested from an area of 15 million hectares, including wheat amounting to 11.1 million hectares. Harvesting areas of oilseeds make up 2.8 million hectares, which exceeds the level of the previous year by 0.4 million hectares.

"In general, the gross grain harvest in the republic is projected at 20 million tons. The production of oil seeds is expected at 2.3 million tons. These volumes allow us to increase the export potential of grain to 9 million tons, oil seeds to 1 million ton, to provide raw materials for feed and oil refineries," said Shukeyev.

To date, cereals have been harvested from an area of more than 8.9 million hectares or 59% of those to be harvested, 11.2 million tons of grain have been harvested at a yield of 12.5 centners per hectare. At the same time, 86% of cereals were harvested in the southern regions, 89% in the western regions, 56% in the northern, central and eastern regions.

According to Shukeyev, 6.1 million hectares of grain crops remain to be cleaned. With a daily capacity of existing combine harvesters of about 800,000 hectares and favorable weather conditions, it is possible to complete the harvesting in the first ten days of October.

The demand of agricultural producers in diesel fuel for harvesting for July-October is 394,000 tons. This requirement was approved by the joint schedule with the Ministry of Energy for the refineries of the regions. As of September 14, 268,000 tons (68%) were shipped for harvesting. The average price of the reduced diesel fuel for September with delivery for SHPP in the regions is about 165 tg / l (191 tg / l at the filling station), which is 14% cheaper than market prices).

"Against the background of abundant rainfall, there is an increased humidity of grain arriving at grain elevators, which requires additional drying of grain and oilseed crops and, accordingly, the costs of grain receiving enterprises for the purchase of diesel fuel for drying. According to the regional akimats, more than 50% of the harvested crop has an increased humidity of over 20% at the base 13.5%," Shukeyev said.

According to him, applications have been received from six regions to allocate additional volume of diesel fuel for October-November period for the drying of 85,000 tons of grain.

In general, 96% of the agricultural machinery that is available is prepared and accepted for harvesting. Currently, the agricultural producers have more than 14,000 high-performance combine harvesters, which are supposed to remove more than 70% of the harvest area of cereals.

"With a view to stimulating the acquisition of agricultural machinery and providing financial support to the agriculturalproducers, the ministry has resumed a program to lower the interest rate for leasing agricultural equipment from 2018, and an investment subsidy program has been updated," Shukeyev said.

For the implementation of this program in 2018, 21.3 billion tenge was allocated. At the same time, it is envisaged to subsidize leasing of agricultural machinery with a reward rate of no more than 17% per annum, of which 10% is compensated at the expense of the republican budget. In addition, from 2016, the payment of investment subsidies for the acquisition of agricultural machinery.

Currently, there are 196 licensed grain receiving enterprises (HPPs) with a total storage capacity of about 13.6 million tons, which, on the basis of a license issued by the akimats, provide warehousing services with the issue of grain receipts. In the planned order, work is underway to prepare the material and technical base of the HPP to receive grain of a new crop. The total amount of available grain storage capacity is 26.7 million tonnes, which is enough to store grain in view of the expected new crop.

In his turn, Deputy Minister of Energy M. Dosmukhambetov reported that the schedule for fixing the regions at the refinery for the supply of diesel fuel for field work in 2018, the demand for SHPP was approved in the amount of 394,400 tonnes, including the Atyrau Oil Refinery with 116,000 tonnes, the Pavlodar Petrochemical Plant with 149,000 tons, Shymkent Refinery with 129,400 tonnes.

"As of September 14, the shipment of diesel fuel to the producers with planned 394,400 tons, amounted to 255,800 tons. All paid volumes are shipped in priority order. The ministry carries out daily monitoring of the shipment of diesel fuel to the agricultural producers," the vice minister said.

As for the diesel fuel price for agricultural producers, the recommended for conducting autumn field work in July 2018 was 180,000 tg / t, in August and September 181,000 tg / t. At the same time, the average market price for the gas station in Kazakhstan is 188.1 tg / l.

The governors of the Akmola region M. Murzalin, the North Kazakhstan region K. Aksakalov, and the Kostanay region A. Mukhambetov reported on the situation in the main grain-growing regions.

Reported by Egemen (Kazakhstan).

Kazakhstan General

19.09.2018

Alikhan Smailov appointed Minister of Finance of the Republic of Kazakhstan

"Appoint Smailov Alikhan Askhanovich as Minister of Finance of the Republic of Kazakhstan. Release the adviser to the President of the Republic of Kazakhstan from his post," the Head of State’s Decree reads.

wAlikhan Smailov was born in 1972. In 1994 he graduated from the Al-Farabi Kazakh State National University with...

"Appoint Smailov Alikhan Askhanovich as Minister of Finance of the Republic of Kazakhstan. Release the adviser to the President of the Republic of Kazakhstan from his post," the Head of State’s Decree reads.

wAlikhan Smailov was born in 1972. In 1994 he graduated from the Al-Farabi Kazakh State National University with...

19.09.2018

Kazakhstan ranks high in terms of human development

Kazakhstan ranks 58th among 189 countries and territories in the latest human development index (HDI) released Sept. 14 by the United Nations Development Programme (UNDP). The nation is on the list of countries in the very high human development category.

The HDI is a summary measure for assessing long-term progress in...

Kazakhstan ranks 58th among 189 countries and territories in the latest human development index (HDI) released Sept. 14 by the United Nations Development Programme (UNDP). The nation is on the list of countries in the very high human development category.

The HDI is a summary measure for assessing long-term progress in...

19.09.2018

Law on Tourism and the State Program for the Development of Tourism to be prepared by the end of the year

The law on tourism and the state program for the development of tourism will be prepared by the end of 2018. At the same time, a number of very important roadside infrastructure projects are being implemented in Kazakhstan.

"On the instructions of the President, we must present the law on tourism...

The law on tourism and the state program for the development of tourism will be prepared by the end of 2018. At the same time, a number of very important roadside infrastructure projects are being implemented in Kazakhstan.

"On the instructions of the President, we must present the law on tourism...

19.09.2018

Prosecutors discontinue over 200 unreasonably initiated cases since the beginning of the year

On September 14, 2018, the Prosecutor's Office of Almaty hosted a meeting of the Coordinating Council of Law Enforcement Authorities, which discussed issues of respecting the legality of pre-trial investigation, humanization and reducing the repressiveness of the criminal process from the beginning of 2018, the press service of the prosecutor's...

On September 14, 2018, the Prosecutor's Office of Almaty hosted a meeting of the Coordinating Council of Law Enforcement Authorities, which discussed issues of respecting the legality of pre-trial investigation, humanization and reducing the repressiveness of the criminal process from the beginning of 2018, the press service of the prosecutor's...

19.09.2018

Government approves draft roadmap for youth employment

The concept of NEET (Not in Education, Employment or Training) means, "Not students, do not work and are not improving qualifications." Given the importance of the issue, a comprehensive survey of NEET youth issues was conducted. The Ministry of Social Development carried out the work on the adoption of the...

The concept of NEET (Not in Education, Employment or Training) means, "Not students, do not work and are not improving qualifications." Given the importance of the issue, a comprehensive survey of NEET youth issues was conducted. The Ministry of Social Development carried out the work on the adoption of the...

Oil and Gas Sector

19.09.2018

KMG International sums up the results of the half-year

In the first half of the year, the KMG International Group, the overseas branch of Kazakhstan’s state oil and gas corporation Kazmunaygas (KMG), increased its operating profit to $114.6 million, 60% higher than the level of 2017, when it reached $71.3 million. Net profit amounted to $30.6 million compared to...

In the first half of the year, the KMG International Group, the overseas branch of Kazakhstan’s state oil and gas corporation Kazmunaygas (KMG), increased its operating profit to $114.6 million, 60% higher than the level of 2017, when it reached $71.3 million. Net profit amounted to $30.6 million compared to...

19.09.2018

OVL quits Kazakh Satpayev oil field

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), plans to exit Kazakhstan's Satpayev block after it could not find commercially exploitable oil, an official said Tuesday.

OVL had in April 2011 bought 25 per cent of Satpayev oil block. It paid USD 13 million...

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), plans to exit Kazakhstan's Satpayev block after it could not find commercially exploitable oil, an official said Tuesday.

OVL had in April 2011 bought 25 per cent of Satpayev oil block. It paid USD 13 million...

19.09.2018

The Altay pipeline: a geopolitical game changer

It is a matter of common knowledge that energy relations between Russia and China have boomed in the past decade, with all sorts of new infrastructure being built to facilitate the ever-further expansion of bilateral energy trade. Yet it has seemed for some time now that new gas projects are...

It is a matter of common knowledge that energy relations between Russia and China have boomed in the past decade, with all sorts of new infrastructure being built to facilitate the ever-further expansion of bilateral energy trade. Yet it has seemed for some time now that new gas projects are...

19.09.2018

Oil up on OPEC’s reluctance to up output

Oil futures rose more than 1 percent on September 18 on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.

Brent crude futures rose $1.08, or 1.4...

Oil futures rose more than 1 percent on September 18 on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled an informal target near current levels.

Brent crude futures rose $1.08, or 1.4 percent, to $79.13 a barrel, by...

19.09.2018

Key oil producers seek to balance global market at Algeria meeting

Ministers of the world’s major oil producers will gather in Algeria on September 22-23 to discuss the outcome of the deal to cut oil output, which was reached two years ago, Kommersant writes. Over the past couple of years, the OPEC plus deal made it possible to balance the global...

Ministers of the world’s major oil producers will gather in Algeria on September 22-23 to discuss the outcome of the deal to cut oil output, which was reached two years ago, Kommersant writes. Over the past couple of years, the OPEC plus deal made it possible to balance the global...

Finance and Investment

19.09.2018

Kazakh cenbank revokes Astana Banki licence

Kazakhstan’s central bank on Wednesday revoked the licence of Astana Banki (Bank of Astana), citing its failure to meet regulatory requirements and boost capital.

The central bank said in a statement it has appointed temporary management at Astana Banki and would seek its liquidation in court.

Reporting by Olzhas Auyezov; Editing by...

Kazakhstan’s central bank on Wednesday revoked the licence of Astana Banki (Bank of Astana), citing its failure to meet regulatory requirements and boost capital.

The central bank said in a statement it has appointed temporary management at Astana Banki and would seek its liquidation in court.

Reporting by Olzhas Auyezov; Editing by...

19.09.2018

Kazakhstanis need loans, banks need borrowers

The volume of consumer loans of Kazakhstanis has reached 3.1 trillion tenge by August this year, 12.4% more than a year earlier. For comparison, loans of the banking system grew by only 1.2%, and the aggregate loan portfolio of STBs decreased by 0.1% per year.

The credit market today is based...

The volume of consumer loans of Kazakhstanis has reached 3.1 trillion tenge by August this year, 12.4% more than a year earlier. For comparison, loans of the banking system grew by only 1.2%, and the aggregate loan portfolio of STBs decreased by 0.1% per year.

The credit market today is based...

19.09.2018

KASE index decreases to lowest level since the beginning of the year

The national currency strengthened against the US dollar this week, as the tenge reacted with some lag to the improvement of the external background, including the strengthening of the rouble after the decisions of the Bank of Russia on the base rate and the suspension of currency purchases under the...

The national currency strengthened against the US dollar this week, as the tenge reacted with some lag to the improvement of the external background, including the strengthening of the rouble after the decisions of the Bank of Russia on the base rate and the suspension of currency purchases under the...

19.09.2018

6 billion tenge in private investments to be pumped into the development of Astana

At a meeting of the government, the Complex plan for compact development of Astana was approved with provision of engineering and transport infrastructure for 2019-2023, the press service of the head of government reports.

Mayor of the capital, Bakhyt Sultanov, reported that in response to the instructions of the President the...

At a meeting of the government, the Complex plan for compact development of Astana was approved with provision of engineering and transport infrastructure for 2019-2023, the press service of the head of government reports.

Mayor of the capital, Bakhyt Sultanov, reported that in response to the instructions of the President the...

19.09.2018

Kazakh National Bank’s initiative Invest Online takes shape

The Kazakh National Bank’s Invest Online system is becoming popular among citizens. The advantages of the system include online service, guaranteed investments in government securities with no risk of lost funds and an opportunity to return investments with accumulated income at any time.

Invest Online is a simple and free tool...

The Kazakh National Bank’s Invest Online system is becoming popular among citizens. The advantages of the system include online service, guaranteed investments in government securities with no risk of lost funds and an opportunity to return investments with accumulated income at any time.

Invest Online is a simple and free tool...

19.09.2018

Kazakh Invest board member stresses its importance for capital influx, employment

François Bernard, an independent member of the Board of Directors of the Kazakh Invest national company and the chairman of its Investment Attraction and Support Committee, recently discussed investing in Kazakhstan and the country’s foreign investment climate in an interview with The Astana Times.

Bernard has experience promoting investment opportunities to...

François Bernard, an independent member of the Board of Directors of the Kazakh Invest national company and the chairman of its Investment Attraction and Support Committee, recently discussed investing in Kazakhstan and the country’s foreign investment climate in an interview with The Astana Times.

Bernard has experience promoting investment opportunities to...

19.09.2018

President ratifies accord between Kazakhstan and Uzbekistan on avoiding double taxation

Head of State Nursultan Nazarbayev signed the law "On ratification of the Protocol between the Government of the Republic of Kazakhstan and the Government of the Republic of Uzbekistan on amendments and additions to the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic...

Head of State Nursultan Nazarbayev signed the law "On ratification of the Protocol between the Government of the Republic of Kazakhstan and the Government of the Republic of Uzbekistan on amendments and additions to the Agreement between the Government of the Republic of Kazakhstan and the Government of the Republic...

19.09.2018

Following global trends, US dollar drops to KZT 368.62 on September 18

The Kazakh currency exchange posted the following technical report on Tuesday’s, September 18, trade results.

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOM) made KZT368.62 per US dollar at the trades volume USD42,500 th.;

- weighted average US dollar rate with...

The Kazakh currency exchange posted the following technical report on Tuesday’s, September 18, trade results.

Based on results of trades on the spot-market:

- weighted average US dollar rate with settlements T+1 in tenge (USDKZT_TOM) made KZT368.62 per US dollar at the trades volume USD42,500 th.;

- weighted average US dollar rate with...

19.09.2018

Dollar mania dims despite escalating US-China trade dispute

Beijing retaliated on September 18 against tariffs imposed less than 24 hours earlier by President Donald Trump on an additional $200 billion worth of Chinese imports, adding levies of it own on $60 billion worth of U.S. goods.

The euro was 0.11 percent higher against the dollar.

The greenback has been a...

Beijing retaliated on September 18 against tariffs imposed less than 24 hours earlier by President Donald Trump on an additional $200 billion worth of Chinese imports, adding levies of it own on $60 billion worth of U.S. goods.

The euro was 0.11 percent higher against the dollar.

The greenback has been a...

Metals and Minerals

19.09.2018

Precious metals comprise 42% of Kazakh international reserves

International reserves of Kazakhstan by the end of August 2018 amounted to 30.8 billion US dollar, which is 5.7% less than a year earlier at 32.6 billion US dollar.

According to the August results, this decline was noted for the first time in 5 years. On average, the growth rate of...

International reserves of Kazakhstan by the end of August 2018 amounted to 30.8 billion US dollar, which is 5.7% less than a year earlier at 32.6 billion US dollar.

According to the August results, this decline was noted for the first time in 5 years. On average, the growth rate of...

19.09.2018

Exchange offices in Kazakhstan to sell gold bars

Kazakhstan exchange offices are preparing to sell gold bars. Kazakhstanis will be available to buy or sell gold bars in the exchangers before the end of this year, the Astana channel was informed by the profile association.

Now ingots are sold only in second-tier banks. At that, in exchange offices,...

Kazakhstan exchange offices are preparing to sell gold bars. Kazakhstanis will be available to buy or sell gold bars in the exchangers before the end of this year, the Astana channel was informed by the profile association.

Now ingots are sold only in second-tier banks. At that, in exchange offices,...

19.09.2018

Minister reports on prices and supplies of coal

On the sidelines after the meeting of the Government, the Minister for Investment and Development of Kazakhstan, Zhenis Kasymbek, reported on the cost and reserves of coal in Kazakhstan for the upcoming heating season.

"Yesterday we held a teleconference in the Government. As of today the volume of coal is sufficient....

On the sidelines after the meeting of the Government, the Minister for Investment and Development of Kazakhstan, Zhenis Kasymbek, reported on the cost and reserves of coal in Kazakhstan for the upcoming heating season.

"Yesterday we held a teleconference in the Government. As of today the volume of coal is sufficient....

19.09.2018

Investors return to gold amidst moves to sideline dollar benchmark

It has been predicted for some time but now it is coming true. More and more countries, including Russia and India, are working on a dollar replacement in mutual trade deals and international reserves, thereby, be it with some delay, increasing demand for gold as a substitute. This is reinforcing...

It has been predicted for some time but now it is coming true. More and more countries, including Russia and India, are working on a dollar replacement in mutual trade deals and international reserves, thereby, be it with some delay, increasing demand for gold as a substitute. This is reinforcing...

19.09.2018

Chinese demand resilient to US trade measures, pushing base metals up

Copper prices rallied on September 18 as investors shrugged off new tit-for-tat tariffs by China and the United States to send stock markets higher and the dollar lower.

Fears that a U.S.-China trade war would dampen demand for commodities have pushed industrial metals sharply lower in recent months, with copper down...

Copper prices rallied on September 18 as investors shrugged off new tit-for-tat tariffs by China and the United States to send stock markets higher and the dollar lower.

Fears that a U.S.-China trade war would dampen demand for commodities have pushed industrial metals sharply lower in recent months, with copper down...

Manufacturing industry

19.09.2018

Cement mill with capacity of 1m tonne to open in Kyzylorda

A cement mill will be launched by the yearend in the  district, Kyzylorda region, the governor's press service reports.

662 people are working at the construction site. 90% of the works have been already completed.  The governor got familiarised with the construction progress and met with 17 young specialists who...

A cement mill will be launched by the yearend in the  district, Kyzylorda region, the governor's press service reports.

662 people are working at the construction site. 90% of the works have been already completed.  The governor got familiarised with the construction progress and met with 17 young specialists who...

19.09.2018

Kyzylorda factory to make glass screens for smartphones

A glass plant is set to be commissioned in the city of Kyzylorda by year-end, Kazinform has learnt from a local source. The local authorities do their best to complete construction of the plant in time.

Governor of the Kyzylorda region Krymbek Kusherbayev visited the construction site of the plant to...

A glass plant is set to be commissioned in the city of Kyzylorda by year-end, Kazinform has learnt from a local source. The local authorities do their best to complete construction of the plant in time.

Governor of the Kyzylorda region Krymbek Kusherbayev visited the construction site of the plant to...

19.09.2018

Kazakhstan increases production of cars

Car production in Kazakhstan increased by 64.5 percent in January-August this year compared to the same period last year, the Kazakhstan Automobile Industry Enterprises' Union said, Trend.az reports. 

During the reporting period, 19,465 vehicles, including cars, trucks, buses, special vehicles and trailers worth 117.8 billion tenges were produced in Kazakhstan, which...

Car production in Kazakhstan increased by 64.5 percent in January-August this year compared to the same period last year, the Kazakhstan Automobile Industry Enterprises' Union said, Trend.az reports. 

During the reporting period, 19,465 vehicles, including cars, trucks, buses, special vehicles and trailers worth 117.8 billion tenges were produced in Kazakhstan, which...

Trade and Consumer Goods

19.09.2018

Minister denies threat of sugar shortage in Kazakhstan

On September 18 at a press conference following the meeting of the Government, First Vice Minister of Agriculture Arman Yevniev commented on rumors about the forthcoming sugar deficit in Kazakhstan.

Recall, last week, representatives of companies that use sugar in their production, made a statement about the alleged imminent shortage of...

On September 18 at a press conference following the meeting of the Government, First Vice Minister of Agriculture Arman Yevniev commented on rumors about the forthcoming sugar deficit in Kazakhstan.

Recall, last week, representatives of companies that use sugar in their production, made a statement about the alleged imminent shortage of...

19.09.2018

Trade in goods between Kazakhstan and Azerbaijan up 56%

Azerbaijan is the most important trade and economic partner of Kazakhstan in South Caucasus. The work of the Kazakh-Azeri intergovernmental commission is of great importance for the development of mutual benefit cooperation, according to the Azeri Embassy in Kazakhstan.

According to Extraordinary and Plenipotentiary Ambassador of Azerbaijan to Kazakhstan Rashad Mammadov,...

Azerbaijan is the most important trade and economic partner of Kazakhstan in South Caucasus. The work of the Kazakh-Azeri intergovernmental commission is of great importance for the development of mutual benefit cooperation, according to the Azeri Embassy in Kazakhstan.

According to Extraordinary and Plenipotentiary Ambassador of Azerbaijan to Kazakhstan Rashad Mammadov,...

19.09.2018

Ministry of Agriculture comments on information about the sugar deficit: there is no reason for concern

September 18 at a press conference following the meeting of the Government, First Vice Minister of Agriculture Arman Yevniev commented on rumors about the forthcoming sugar deficit in Kazakhstan

Recall, last week, representatives of companies that use sugar in their production, made a statement about the alleged imminent shortage of the...

September 18 at a press conference following the meeting of the Government, First Vice Minister of Agriculture Arman Yevniev commented on rumors about the forthcoming sugar deficit in Kazakhstan

Recall, last week, representatives of companies that use sugar in their production, made a statement about the alleged imminent shortage of the...

Agriculture

19.09.2018

Kazakhstan harvested over 7 mln tonnes of grains — Ministry of Agriculture

As of September 13, agrarians of Kazakhstan harvested 7.187 mln tonnes of grains and pulses, with the average yield of 1.27 t/ha, declared the Ministry of Agriculture of the Republic of Kazakhstan.

In particular, agrarians of the Kostanay province produced the largest volumes of grains at 1.804 mln tonnes, with the...

As of September 13, agrarians of Kazakhstan harvested 7.187 mln tonnes of grains and pulses, with the average yield of 1.27 t/ha, declared the Ministry of Agriculture of the Republic of Kazakhstan.

In particular, agrarians of the Kostanay province produced the largest volumes of grains at 1.804 mln tonnes, with the...

19.09.2018

As of September 1, Kazakh grain stocks totaled over 5.5 mln tonnes

As of September 1, 2018, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 5.571 mln tonnes. In particular, peasant and farming households stored 896 thsd tonnes of grains, reported the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan.

Wheat formed the major share...

As of September 1, 2018, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 5.571 mln tonnes. In particular, peasant and farming households stored 896 thsd tonnes of grains, reported the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan.

Wheat formed the major share...

19.09.2018

More than 563 thousand tonnes of grain seeds to be harvested in-2019 in Kazakhstan

As Deputy Prime Minister of the RK - Minister of Agriculture U. Shukeyev said at the meeting of the Government, the work on filling seeds for the harvest of 2019 is continuing in the republic. More than 563 thousand tonnes of cereal seeds were filled, or 22.4% of the demand.

As...

As Deputy Prime Minister of the RK - Minister of Agriculture U. Shukeyev said at the meeting of the Government, the work on filling seeds for the harvest of 2019 is continuing in the republic. More than 563 thousand tonnes of cereal seeds were filled, or 22.4% of the demand.

As...

19.09.2018

Fish processing factory planned in Aktobe

A fish factory is being built for fish farming in recirculating aquaculture systems in Aktobe, the governor's press service reports.

The governor surveyed construction of the fish factory worth KZT 835 million. It is planned to put in into operation next May. The plant's rated capacity is more than 1,500...

A fish factory is being built for fish farming in recirculating aquaculture systems in Aktobe, the governor's press service reports.

The governor surveyed construction of the fish factory worth KZT 835 million. It is planned to put in into operation next May. The plant's rated capacity is more than 1,500...

19.09.2018

Wheat up, other benchmarks down on changes in supply patterns

Chicago soybeans hit 10-year lows on September 18 as the harvest of a record U.S. crop advanced rapidly while the continuing U.S.-China trade war darkened U.S. export prospects. Corn hit a three-month low on U.S. harvest pressure, while wheat rose as frosts threatened Australian exports.

Chicago Board of Trade most-active soybeans...

Chicago soybeans hit 10-year lows on September 18 as the harvest of a record U.S. crop advanced rapidly while the continuing U.S.-China trade war darkened U.S. export prospects. Corn hit a three-month low on U.S. harvest pressure, while wheat rose as frosts threatened Australian exports.

Chicago Board of Trade most-active soybeans...

Communications and Transportation

19.09.2018

Capitalisation of Kazakhtelecom to grow by 18% after the deal with Kcell

The potential for growth in the market capitalisation of Kazakhtelecom in the case of a successful transaction for the purchase of Kcell is 18%, Freedom Finance analysts believe. "Analysts of the investment company examined the impact of a potential transaction on the purchase of Kcell on financial indicators and market...

The potential for growth in the market capitalisation of Kazakhtelecom in the case of a successful transaction for the purchase of Kcell is 18%, Freedom Finance analysts believe. "Analysts of the investment company examined the impact of a potential transaction on the purchase of Kcell on financial indicators and market...

Real Estate

19.09.2018

Hilton includes new affordable hotel brand in campaign to expand business in Kazakhstan

Hilton, one of the world’s largest hotel chains, opened the first Hampton by Hilton Aug. 15 in the Kazakh capital. The Astana Times spoke with Astana Triumphal Arch General Manager Maria Temerova to learn about the hotel’s amenities and why the company is attracted to the Kazakh market.

“We are proud...

Hilton, one of the world’s largest hotel chains, opened the first Hampton by Hilton Aug. 15 in the Kazakh capital. The Astana Times spoke with Astana Triumphal Arch General Manager Maria Temerova to learn about the hotel’s amenities and why the company is attracted to the Kazakh market.

“We are proud...

Regional News

19.09.2018

BRICS bank implements projects worth $5.7 billion

The infrastructure bank run by developing BRICS countries has been successfully implementing its projects, according to its senior manager.

“We have 23 projects approved for all BRICS countries. Their total cost is $5.7 billion. By the end of the year, I think another $1.5 billion will be added. Next year, we...

The infrastructure bank run by developing BRICS countries has been successfully implementing its projects, according to its senior manager.

“We have 23 projects approved for all BRICS countries. Their total cost is $5.7 billion. By the end of the year, I think another $1.5 billion will be added. Next year, we...

19.09.2018

IFC confirms continued support for private sector in Central Asia

The IFC, a member of the World Bank Group, expanded its operations in Europe and Central Asia with investment commitments that reached $2.9 billion driving the diversification of the region’s economies, promoting access to finance for small businesses and tackling climate change.

IFC invested $2.26 billion from its account and mobilized...

The IFC, a member of the World Bank Group, expanded its operations in Europe and Central Asia with investment commitments that reached $2.9 billion driving the diversification of the region’s economies, promoting access to finance for small businesses and tackling climate change.

IFC invested $2.26 billion from its account and mobilized...

19.09.2018

UNESCO to conduct events supporting Silk Road Heritage sites

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) will conduct events in September and October to support its Silk Roads Heritage Properties in Central Asia project, reports unesco.kz.

The project involves training national experts from Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan in the documentation, conservation and sustainable management of World Heritage...

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) will conduct events in September and October to support its Silk Roads Heritage Properties in Central Asia project, reports unesco.kz.

The project involves training national experts from Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan in the documentation, conservation and sustainable management of World Heritage...

19.09.2018

China issues 4.4 trln yuan of bonds in August

The value of bonds issued in China last month totaled 4.4 trillion yuan (about 641 billion U.S. dollars), according to data from the central bank.

Treasury bond issuance stood at 369.5 billion yuan, while local government bond issuance was worth 883 billion yuan, according to the People's Bank of China.

By the...

The value of bonds issued in China last month totaled 4.4 trillion yuan (about 641 billion U.S. dollars), according to data from the central bank.

Treasury bond issuance stood at 369.5 billion yuan, while local government bond issuance was worth 883 billion yuan, according to the People's Bank of China.

By the...

19.09.2018

Experts from China, Mongolia, Russia talk on construction of economic corridor

The fourth China-Mongolia-Russia Think-Tank Forum kicked off here Tuesday to discuss the building of a trilateral economic corridor between the three countries.

During the two-day event, some 120 experts and officials from the three countries are expected to submit their proposals and exchange views on intensifying the establishment of the China-Mongolia-Russia...

The fourth China-Mongolia-Russia Think-Tank Forum kicked off here Tuesday to discuss the building of a trilateral economic corridor between the three countries.

During the two-day event, some 120 experts and officials from the three countries are expected to submit their proposals and exchange views on intensifying the establishment of the China-Mongolia-Russia...

19.09.2018

Russian stock market hits all-time high as rouble strengthens despite US sanctions pressure

The recent growth in the Russian currency has helped the rouble-traded MOEX index reach an all-time high on September 18.

The index rose to 2,390 points for the first time in history after the rouble strengthened to 67.7 against the dollar and 79.1 against the euro. Earlier in September, the Russian...

The recent growth in the Russian currency has helped the rouble-traded MOEX index reach an all-time high on September 18.

The index rose to 2,390 points for the first time in history after the rouble strengthened to 67.7 against the dollar and 79.1 against the euro. Earlier in September, the Russian...

19.09.2018

Russia says Caspian convention won’t hinder US cargo transit to Afghanistan

The Convention on the legal status of the Caspian Sea will not hinder the transit of non-lethal goods to US troops in Afghanistan from Azerbaijan via the Caspian Sea, the Russian Foreign Ministry’s Ambassador-at-Large Igor Bratchikov told TASS on September 18.

"Have a look at the Convention. It bans foreign military...

The Convention on the legal status of the Caspian Sea will not hinder the transit of non-lethal goods to US troops in Afghanistan from Azerbaijan via the Caspian Sea, the Russian Foreign Ministry’s Ambassador-at-Large Igor Bratchikov told TASS on September 18.

"Have a look at the Convention. It bans foreign military...

19.09.2018

Azerbaijan moderately ups hydrocarbon output, sales

Azerbaijan not only increased the production of oil and gas this year, but also their supplies to neighboring countries.

In January-August 2018, Azerbaijan produced 25.7 million tons of crude oil, including gas condensate.

Of this amount, most part fell for the commercial crude, the State Statistics Committee said. Thus, the production of...

Azerbaijan not only increased the production of oil and gas this year, but also their supplies to neighboring countries.

In January-August 2018, Azerbaijan produced 25.7 million tons of crude oil, including gas condensate.

Of this amount, most part fell for the commercial crude, the State Statistics Committee said. Thus, the production of...

Prices and Statistics

19.09.2018

Exchange Rates

Date: September 19, 2018; Source: the National Bank of Kazakhstan
1 US DOLLAR USD / KZT 369.36
1 EURO EUR / KZT 431.3
1 RUSSIAN ROUBLE RUB / KZT 5.46
1 CHINESE YUAN CNY / KZT 53.8
1 KYRGYZIAN SOM KGS / KZT 5.35
1 GREAT BRITAIN POUND GBP / KZT 484.79
1 CANADIAN DOLLAR CAD / KZT 283.82
1 AUSTRALIAN DOLLAR AUD / KZT 266.16

Date: September 19, 2018; Source: the National Bank of Kazakhstan

1 US DOLLAR

USD / KZT

369.36

1 EURO

EUR / KZT

431.3

1 RUSSIAN ROUBLE

RUB / KZT

5.46

1 CHINESE YUAN

CNY / KZT

53.8

1 KYRGYZIAN SOM

KGS / KZT

5.35

1 GREAT BRITAIN POUND

GBP / KZT

484.79

1 CANADIAN DOLLAR

CAD / KZT

283.82

1 AUSTRALIAN DOLLAR

AUD / KZT

266.16

19.09.2018

Commodities

Date: September 19, 2018; Source: Bloomberg.com Energy
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 69.88 +0.03 +0.04% Oct 2018 12:05 AM
CO1:COMBrent Crude (ICE) USD/bbl. 78.98 -0.05 -0.06% Nov 2018 12:08 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 201.14 +0.65 +0.32% Oct 2018 9/18/2018
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.93 -0.01 -0.20% Oct 2018 12:04 AM
HO1:COMHeating Oil (Nymex) USd/gal. 223.35 -0.22 -0.10% Oct 2018 9/18/2018
Precious and Industrial Metals
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,205.80 +2.90 +0.24% Dec 2018 12:09 AM
XAUUSD:CURGold Spot USD/t oz. 1,201.70 +3.34 +0.28% N/A 12:19 AM
SI1:COMSilver (Comex) USD/t oz. 14.23 +0.04 +0.28% Dec 2018 12:08 AM
HG1:COMCopper (Comex) USd/lb. 274.80 +1.75 +0.64% Dec 2018 12:09 AM
XPTUSD:CURPlatinum Spot USD/t oz. 817.91 +4.07 +0.50% N/A 12:19 AM
Agriculture
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 343.75 +0.50 +0.15% Dec 2018 12:02 AM
W 1:COMWheat (CBOT) USd/bu. 514.75 +4.25 +0.83% Dec 2018 12:08 AM
CC1:COMCocoa (ICE) USD/MT 2,242.00 +6.00 +0.27% Dec 2018 9/18/2018
CT1:COMCotton #2 (ICE) USd/lb. 78.12 -0.40 -0.51% Dec 2018 12:08 AM
LC1:COMLive Cattle (CME) USd/lb. 117.98 -0.12 -0.11% Dec 2018 9/18/2018

Date: September 19, 2018; Source: Bloomberg.com

Energy

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COMWTI Crude Oil (Nymex) USD/bbl. 69.88 +0.03 +0.04% Oct 2018 12:05 AM
CO1:COMBrent Crude (ICE) USD/bbl. 78.98 -0.05 -0.06% Nov 2018 12:08 AM
XB1:COMRBOB Gasoline (Nymex) USd/gal. 201.14 +0.65 +0.32% Oct 2018 9/18/2018
NG1:COMNatural Gas (Nymex) USD/MMBtu 2.93 -0.01 -0.20% Oct 2018 12:04 AM
HO1:COMHeating Oil (Nymex) USd/gal. 223.35 -0.22 -0.10% Oct 2018 9/18/2018

Precious and Industrial Metals

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
GC1:COMGold (Comex) USD/t oz. 1,205.80 +2.90 +0.24% Dec 2018 12:09 AM
XAUUSD:CURGold Spot USD/t oz. 1,201.70 +3.34 +0.28% N/A 12:19 AM
SI1:COMSilver (Comex) USD/t oz. 14.23 +0.04 +0.28% Dec 2018 12:08 AM
HG1:COMCopper (Comex) USd/lb. 274.80 +1.75 +0.64% Dec 2018 12:09 AM
XPTUSD:CURPlatinum Spot USD/t oz. 817.91 +4.07 +0.50% N/A 12:19 AM

Agriculture

INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
C 1:COMCorn (CBOT) USd/bu. 343.75 +0.50 +0.15% Dec 2018 12:02 AM
W 1:COMWheat (CBOT) USd/bu. 514.75 +4.25 +0.83% Dec 2018 12:08 AM
CC1:COMCocoa (ICE) USD/MT 2,242.00 +6.00 +0.27% Dec 2018 9/18/2018
CT1:COMCotton #2 (ICE) USd/lb. 78.12 -0.40 -0.51% Dec 2018 12:08 AM
LC1:COMLive Cattle (CME) USd/lb. 117.98 -0.12 -0.11% Dec 2018 9/18/2018