Publications

Food price index in October 2020

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The price index for food products in October 2020 was 100.8%. Bread and cereals, meat, fish and seafood, dairy products, eggs, oils and fats, sugar, confectionery, soft and alcoholic drinks, vegetables rose in price; fruits fell in price. In groats group average price for buckwheat groats in October 2020 was 412 tenge per kg (265 tenge in October 2019),...

iPhone Index 2020: how many days it takes to earn an iPhone 12 Pro

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iPhone Index 2020: how many days it takes to earn an iPhone 12 Pro Analysts Picodi.com compared the price of the iPhone 12 Pro (128 GB) with the average salary in several dozen countries and calculated how much labor residents of one or another state need to earn for the new flagship from Apple. The high level of income in Switzerland, the U.S. and Australia can earn a new iPhone for...

Tesla became the most valuable carmaker in the world

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The most valuable automakers in the world Tesla has become the most valuable automaker in the world. During the year, its market capitalization rose 375% to $183 billion. Earlier this year, Tesla reached an impressive milestone, surpassing the value of GM and Ford combined. Since then, the automaker's stock has continued its upward trajectory. Thanks to the Model 3's popularity, Tesla sold more cars in 2019 than in... Translated with www.DeepL.com/Translator (free version)

In the first years of independence, Kazakhstan's labor market saw a dramatic increase in the number of self-employed

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In the first years of independence the number of self-employed people in the labor market of Kazakhstan increased sharply, but since the 2000s their number has been decreasing mainly due to a decrease in employment in agriculture. From 2001 to Q2 2020, the number of unemployed decreased by 326 thousand people, and the number of employed people increased by 2 million people. Including the number of hired workers increased by... Translated with www.DeepL.com/Translator (free version)

Due to the crisis, the world's leading oil and gas companies had to cut capital expenditures

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The world's leading oil and gas companies were forced to revise their capital expenditures for 2020. Thus, Saudi Aramco reduced CAPEX by $10 billion - from $35 billion to $25 billion, Shell - from $25 billion to $20 billion, Chevron - from $20 billion to 16 billion, Total - from $18 billion to 14.4 billion, etc. The total reduction in capital expenditures...

Global oil production could fall by 9% if investment in the oil and gas industry stays at 2020 levels

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The global lockdown due to COVID-19 had a negative impact on the oil and gas sector. In 2020, oil companies are expected to invest about $350 billion instead of the planned $500 billion. The International Energy Agency forecasts that this reduction in investment will lead to a global reduction of oil production by 2 million barrels per day this year. If investment stays at the same level for 5 years,...

Increased digitization of the oil and gas industry has made it prone to cyberattacks

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According to a survey conducted by Accenture among 255 oil and gas companies from 47 countries, cybersecurity investments were trending in 2019. The growing digitalization of the oil and gas sector is driven by the current needs of companies given the high volatility of oil prices, which in turn makes the sector prone to cyberattacks. The cybersecurity market in the oil and gas sector was valued at $26.34 billion in 2019 and,...

By 2050 about 7 billion people will live in cities

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Since 2007, there have been more people living in cities than in the countryside. By 2050, the number of urban dwellers will reach 7 billion. In most high-income countries - Western Europe, America, Australia, Japan, and the Middle East - more than 80% of the population lives in cities. In most upper-middle-income countries-in Eastern Europe, Eastern...

Where to invest in 2021?

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500 Startups has published the second version of the report "COVID-19's Impact on the Early Stage Investment Climate: Q3 2020". Key points: 1. Compared to the first report, this time only 66% of investors said that COVID-19 has an impact on investment (in the previous version there were 84%). 2. Corporate enterprises are now investing less: 75% of corporate enterprises reported that they are investing less, and only 20%...

Where does the path of import substitution begin?

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The other day ERG announced the launch of an import substitution program. It is aimed at localizing goods that the company is now forced to import, but plans to refocus on local producers, should they appear. As the first step ERG published the list of goods to be purchased from 2020 to 2025 with a detailed breakdown of volumes, budgets, and specifications. The most detailed information is presented for 2020, where the volume of procurement...

Three scenarios for the energy market until 2050

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In its Energy Outlook 2020 report, the oil and gas company BP analyzed the current situation in the energy market and modeled the possible development of the sector based on three scenarios: Rapid, Net Zero and Business-as-usual. 1. "The Rapid scenario (Rapid) involves a series of policy measures that would lead to a significant increase in carbon prices and would be supported by more targeted industry measures that would lead to a reduction in carbon emissions in...

How do Turkish startups break stereotypes?

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There are widespread stereotypes in Kazakhstan that only certain countries (Japan, the United States, China, Korea, etc.) can develop IT technologies, that one must have some mythical "genetic code" for information sciences. This is all an absolute delusion. The pattern is broken by Turkish startups in the field of mobile games, which have attracted $2.4 billion in foreign investment over the past five years. The advantages of Turkish developers are considered relatively low...

Where do the "50 Future Unicorns" reside?

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The analytical company CBInsights has published the report "50 Future Unicorns". The study collected startups that have not yet reached the value of a billion dollars, but, according to the authors, are sure to reach in the near future. Mosaic algorithm was used to identify the companies, which is a metric that combines the company's financial status, startup market assessment and viability. It is noteworthy that the list is dominated by startups operating...

How Apple dominates the field of artificial intelligence

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The World Artificial Intelligence Conference (WAIC), titled "Intelligent World, Indivisible Community," is taking place these days in Shanghai. The forum decided to focus on innovations in the field of chip and 5G (here, conspiracy theorists will have plenty of food for further speculation), intelligent data management and applications in law enforcement, unmanned driving, and blockchain in health care. First of all, it's worth noting that...

Why is remote work not a privilege for everyone?

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Many countries are seriously worried that Kazakhstan will go into a second lockdown. The U.S. is no exception, where the number of infections continues to grow steadily. And while some people just don't want to be stuck in a remote job for a few more weeks, others are afraid of finally losing their livelihood. Working remotely in a pandemic job market has become a new, virtually no-strings-attached privilege. According to a recent analysis by the Bureau of...

How did the pandemic help the tenge strengthen in April?

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In April 2020, the tenge strengthened from 450 tenge to less than 430 tenge per US dollar. One of the factors, which influenced strengthening of the tenge exchange rate, was the decrease of import volumes, related to the quarantine imposed due to the coronavirus and the ensuing emergency situation regime. The reason is that April 2020 imports were by 517 million dollars less compared to imports in April of the previous...

How has COVID-19 affected spending levels in the United States?

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Researchers at Harvard University used credit card data to track the spending levels of the U.S. population throughout the pandemic. As this infographic shows, consumer spending fell sharply from mid to late March. As recently as March 13, the figure was 0.5% higher than the same day in 2019, but as early as March 30, it collapsed 33% at once. As the quarantine regime was lifted...

RENEWABLE ENERGY SUMMIT 2019

KAZENERGY round table 2019

Round table "Digital Energy of the Future. Transition" 2019

Panel Session "Technology and Innovation in the Oil and Gas Industry, AEF 2019

D. Sadvakassov meets with AlmaU students

D. Sadvakassov meets with AlmaU students

D. Sadvakassov meets with AlmaU students

KAZENERGY round table 2019

AEF 2019

Round table "Digitalization of oil production sector"

AEF 2019

International Scientific and Technical Conference

Meeting with Ken Rogoff, Professor of Economics of Harvard University