Alko-quarantine: the Kazakhs for a month drank 4.5 million liters of strong alcohol

According to the statistics Committee, in April 2020 in the domestic market were sold 2 million 814,9 thousand liters of vodka. For comparison — in April 2019 was sold sold about 800 thousand liters less. That is, the consumption of vodka grew by 37%. The same situation relative to March, sales of vodka increased by 16.7%. At the same time draw attention to two points: Most benefited from the situation of Kazakhstani producers. The imports…

"Alko-quarantine: the Kazakhs for a month drank 4.5 million liters of strong alcohol"

The volume of exports fell by almost a quarter – the economy saves oil

In January-April 2019 sale of 20 major export commodities (excluding oil) brought Kazakhstan more than 6 billion million dollars. A year later, the total volume of trade in these same commodities decreased almost by a quarter to 4.7 billion dollars. Moreover, the decline in exports observed in 18 out of 20 of these goods. For example: The export of raw zinc for the year fell by 11.6 times, from 280,2 million to 24.3 million dollars…

"The volume of exports fell by almost a quarter – the economy saves oil"

The population removes money from the largest banks of Kazakhstan

the Volume of deposits of physical persons in banks of Kazakhstan by the end of may and amounted to 9 trillion 793,2 billion tenge. It 73,3 billion less than in April. May was the second month in a row during which there was an outflow of deposits. But this is largely not what people take away accumulation, but with a high level of dollarization. Total deposits decreased on the background of strengthening of tenge and…

"The population removes money from the largest banks of Kazakhstan"

Sales are down, prices are rising, the real estate market in may

According to the statistics Committee, in may 2020 was made 17 210 transactions of purchase and sale of residential real estate. In comparison with April on the market of a significant recovery in the month, sales rose 3.3 times. But talk about the market recovery earlier: except for the “quarantine” of April, the current level is the worst at least since the beginning of 2019 For comparison, in may last year sold 27 510 deals…

"Sales are down, prices are rising, the real estate market in may"

The quality of the loan portfolio of banks has improved, but the volume of toxic loans on the high

In may, the quality of loan portfolio of Kazakh banks has improved markedly. According to the national Bank, on June 1, 2020, the share of loans with overdue payments amounted to 12.52 percent against 15,29% a month earlier and 15.3% by the end of may 2019. This contributed to a sharp reduction in arrears: per month 389,4 billion to $ 1 trillion 886,6 billion tenge. In turn, this was the strongest monthly decline since December…

"The quality of the loan portfolio of banks has improved, but the volume of toxic loans on the high"

The reserves of the country rose in the currency, but lost in the gold

we will Remind, in may of not worked non-banking exchange offices, and branches and subsidiaries of second-tier banks were functioning in a restricted mode. In addition, a significant part of the population lost their current income because of the shutdown of the business while strict quarantine restrictions. As explained by the regulator, for the last month of spring of the second tier banks increased the volume of means on accounts in the national Bank. Also…

"The reserves of the country rose in the currency, but lost in the gold"

The index of industrial production falls for second month in a row

In may 2020, the index of industrial production (IIP) was 94.1% from the April level. Then IPP was 94.8 per cent relative to March. A key reason for quarantine measures, which complete the work of the companies was impossible. This is evidenced by the Index of business activity. Because of the OPEC agreement+ in the Republic decreased oil production. In addition, the number of businesses and industries. In March their number (according to the statistics…

"The index of industrial production falls for second month in a row"

How to replenish the state Treasury — changes in tax

Information about upcoming changes in the taxation was confirmed by the first Deputy Prime Minister of Kazakhstan Alikhan Smailov. He noted that there is a specific package of proposals which will be submitted for public discussion and consideration by the government. Preliminary results will be announced in August. Economist Zharas Akhmetov believes that while the document looks totally illiterate. Both from an economic and financial point of view. Perhaps the public reaction would force the…

"How to replenish the state Treasury — changes in tax"

Vacation credit does not cancel the negative effects for parties — a chance to survive — expert

From 16 June by the order of Chairman of Agency on regulation and development of the financial market of Madina Abylkassymov businesses affected by the quarantine extended vacation credit. They involve deferred payment loans, and refinancing. In General, as the parties agree. Altogether, 357 classifications of activities can qualify for deferment on loans. The first wave of credit relief has shown good results. From March 16 to June 15, 2020, a reprieve received 12 450…

"Vacation credit does not cancel the negative effects for parties — a chance to survive — expert"

Tenge exchange rate: oil is cheaper — dollar for 400 again

the Late spring was successful for the oil market, especially given the disastrous APR. Prices steadily grew throughout may, a month actually doubling in price. As a result, by the beginning of June the price of European varieties exceeded $40 per barrel, and at the peak exceeded $43. Up prices pushed expectations of an extension of the transaction OPEC+ and the beginning of recovery of demand. But for how long the fuse is not enough…

"Tenge exchange rate: oil is cheaper — dollar for 400 again"