Strengthening of tenge against Russian ruble negatively affects industrial sectors of Kazakh economy, therefore National Chamber believes it is necessary to introduce trade barriers.
The year 2014 was a special one for the Kazakh car market given the recent depreciation of the ruble. Experts told Tengrinews about its effect on Kazakhstan's car market in 2015.
CEO of Samruk Kazyna Contract Serikbek Yelshibekov said that Kazakh businessmen were becoming reluctant to enter long-term contracts with Samruk Kazyna subsidiaries due to the unstable situation at the oil market.
According to him, through transfers from the National Oil Fund to the country’s budget the latter is insured against shocks related to falling oil prices.
Gasoline prices in Kazakhstan are substantially lower than those of the neighbouring Russia. They will be gradually growing until they match the Russian prices by 2019.
Back September 16 First Vice Energy Minister told a briefing that petrol production at the three Kazakhstan-based oil refineries in September is estimated at 250 000 tons, with the current monthly demand for petrol standing at 280 000 tons.
Tengrinews correspondent finds orders on government procurement website to buy diesel at price 60% higher than the price cap set by the Kazakhstani government.
Oil-producing Kazakhstan experienced a significant fuel price hike last week. Vice-Minister of Energy Karabalin spoke to the journalists about the situation and the future of the fuel supplies in Kazakhstan.