According to the customs statistics of foreign trade of the Ministry of Finance, in January-February 2020 the trade turnover of Kazakhstan with the countries outside the EAEU, totaled $10.8 billion. Compared to the same period in 2019 decreased by $756,8 million (6.5 per cent). Primarily, this was due to a decline in exports. Sales outside of the Union in the first two months of the year amounted to less than $8,3 versus $9 billion a…"As the coronavirus has affected the foreign trade of Kazakhstan"
Outbreak of coronavirus has led to instability throughout the world. After the fall in oil prices and depreciated tenge. The question arises, how to protect savings, and ideally increase? We interviewed the experts. To risk or to hedge? So, Zhanybek, Again, economist and Director of the AERC, said that keeping money is better in us dollars as world currency. — Now, many financial instruments fall in price, everything changes. Fell and the gold is a…"How to save money and increase during the “Apocalypse” — expert advice"
March 31, Kassym-Zhomart Tokayev for the third time since declaring the state of emergency in the country made a remarkable statement about the measures taken by the government to preserve stability. Along with solving social problems, the President stressed the need for government aid to agriculture — breadwinner country. We decided to learn from well known experts who will save this state from the expected food crisis? To stand and survive According to the Chairman…"As coronavirus quarantine and help the farmers of Kazakhstan"
Of its decision, the Bank of Russia (the Central Bank) notified on 30 March. Details were not disclosed, but market participants only to inform that the “further decisions on the purchase of gold will be taken depending on the development of the situation in the financial market” From the data of the Central Bank, it follows that at the beginning of March the share of gold in its international reserves accounted for 21%, and foreign…"Gold as a reserve: the Central Bank of Russia has stopped buying metal"
Despite the expansion in Kazakhstan quarantine zones, farmers have deployed a spring seeding. However, the depreciation of the tenge and seasonal fluctuation of prices for fuel and lubricants and other consumables may negatively impact on areas of crops in 2020. Doctor of economic Sciences, leading scientific staff of the Kazakh research Institute of economy of agroindustrial complex and rural territories development Vladimir Grigoruk made their predictions. Rate of tenge worse coronavirus — Vladimir, is there…"As the dollar and the coronavirus will affect the harvest 2020?"
a ban on the export of certain goods was introduced in Kazakhstan on March 22. According to the Minister of trade and integration of the Republic Bakhyt Sultanov, it is only socially important goods, such as buckwheat, wheat and wheat-rye flour, sugar, potatoes, carrots, turnips, beets, onions, cabbage, sunflower seeds and sunflower oil. It was expected that the ban will apply to lifting the state of emergency. The main goal – uninterrupted supply of the…"After coronavirus: what will win Kazakhstan banned the export of products?"
In recent years, the world average was consumed by 100 million barrels per day. The epidemic of coronavirus, according to some estimates, has reduced this amount by 20 million barrels. This is not the limit: international air transportation to a virtual halt. This has led to a 75% reduction in demand for aviation fuel. Oil will not be expensive: what to do in Kazakhstan? Quarantine imposed in various countries around the world, dramatically reduces the…"Oil has become the lots: buyers pay for her “buy”"
Restrictions can be extended Although the new restrictions are imposed for a short period – from 30 March to 5 April, in the adverse scenario, the extension of the epidemic of coronavirus in Kazakhstan, they can be prolonged and for a longer time with all the attendant negative consequences for the two leading financial centres of Almaty and Nur-Sultan. Thus, the national Bank will limit till 13.00 time operations in the framework of the implementation…"Exchange rate of the tenge quarantine or suspended animation?"
In January-February 2020 the volume of investments in fixed capital amounted to 1 trillion 480,3 billion tenge. This is 11.6% more than in the first 2 months of 2019. According to official data, the main growth was provided by the increase in the rate of construction and capital repair of buildings and structures 689,7 billion tenge. This is 27.4% more than in the same period of the previous year. Acquisition costs of machinery and equipment…"Investment grow: 930 billion tenge was invested in the mining industry"
the tenge exchange Rate fell, however, to say where the bottom is, no one dares. Economist Zharas Akhmetov is convinced that tenge appreciated, we need systemic reform. Namely: to establish their own production to be less dependent on imports; to increase non-oil exports; to increase the investment attractiveness up to a level that capital is not flowing out of Kazakhstan, but, on the contrary, came. — The package of measures proposed by the government, is…"Strong tenge begins with the control of power — recommendations of economist"