+16° / +8°C WEDNESDAY, OCTOBER 18, 2017 No 20 (134) www.astanatimes.com Nazarbayev proposes CIS Inflation to remain modernisation, notes need for EAEU in 6.9-7.5% targeted digitisation at Sochi summits corridor in 2017, By Aigerim Seisembayeva ASTANA – Kazakh President says NB governor Nursultan Nazarbayev proposed market amidst rising devaluation ex- measures to modernise the Com- By Assel Satubaldina pectations. monwealth of Independent States Akishev also outlined certain (CIS) organisation during the Oct. ASTANA – Kazakh National risks that drive inflation rate growth, 11 CIS Council of Heads of State Bank Governor Daniyar Akishev where the government’s increasing- meeting in Sochi, Russia. said during an Oct. 3 government ly strong fiscal policy is one of them. Nazarbayev also proposed dur- meeting that inflation is projected to “First, despite common consen- ing the Supreme Eurasian Eco- remain in the targeted corridor of 6.9 sus about the lack of money supply, nomic Council (SEEC) meeting a percent to 7.5 percent until the end fundamental inflation tension stems gathering in 2018 to discuss digiti- of the year. from the stimulating fiscal policy. In sation of member states and noted Akishev noted inflation reached 2016, pensions and social benefits the importance of the Eurasian 4.2 percent in the first nine months saw a 16 percent increase, salaries Economic Union’s (EAEU) digital of 2017 and that Kazakhstan seeks from the national budget grew 18 agenda. to slow down the growth of inflation percent, with inflation rate at 8.5 During the CIS summit, the at 4 percent by 2020. percent,” he explained, referring to heads of state and government dis- “All these monetary policy meas- the example of Russia that did not cussed strengthening cooperation ures, which are part of inflation adjust social benefits to inflation as well as deepening trade and eco- akorda.kz Photo credit: targeting, are undertaken to accom- rate changes allowing for a faster nomic ties among member states. draft Agreement on Free Trade in of the Eurasian Economic Com- Minister Kairat Abdrakhmanov plish these goals. National Bank achievement of mid-term inflation Tajikistan presented its agenda Services and to adopt it in the near mission (EEC) Tigran Sargsyan. and other CIS foreign ministers. base rate is held at 10.25 percent, rate objectives. for its chairpersonship of the organ- future,” Nazarbayev said. Meeting participants discussed Ministers at the CIS Summit also which stimulates the flow of bank’s Increasing number of loans also isation and Turkmenistan shared The CIS heads of state signed cooperation within the EAEU agreed to develop proposals pre- available resources to the real sector contributes to the rising inflation rate. ideas to develop the organisation. documents on combating corrup- and heard a report by the EEC. sented by Nazarbayev at the 2015 of the economy and at the same time “Since the beginning of this year, the The results of the work within the tion and legalisation of proceeds They also noted the EAEU’s posi- Summit in Burabai to improve the ensures the stability at financial, but volume of loans grew 11 percent or CIS Interparliamentary Assembly from crime. They also considered tive impact on the member states’ organisation’s efficiency. At the most importantly, currency market,” 270 billion tenge (US$788.4 mil- were also presented. humanitarian measures to expand economies and the importance of 2016 meeting in Bishkek, the lead- he noted. lion),” added Akishev. President Nazarbayev stressed ties in culture, education, science enhancing integration processes. ers also adopted measures to mod- Though the National Bank contin- Yet, he noted the influence of the CIS’ role in developing trade and tourism. They also adopted a The sides expressed confidence ernise the organisation that were ues its policy of a floating exchange structural features of the economy and economic relations among the statement supporting family and that the implementation of the based on Kazakh proposals. rate, which means the market is reg- on the nation’s progress in achieving member states. traditional family values. agreements reached at SEEC meet- The foreign ministers discussed ulated by demand and supply forces, its objective of a lower inflation rate. “Free trade in services in the Nazarbayev attended the SEEC ings would enhance cooperation international issues and approved it still reserves the right to some “This includes insufficient depth of CIS will open new opportunities along with Armenian President among EAEU countries to a higher an action plan for 2018-2020 to market interventions to maintain durable goods market, weak compe- for our businesses and bring our Serzh Sargsyan, Belarusian leader level. implement the Programme of Sup- stability at foreign exchange market. tition, presence of trade margins and countries’ trade and economic co- Alexander Lukashenko, Moldo- The specifics of the documents port and Development of National In August and September, the intermediaries,” he said, emphasis- operation to a new level. I propose va’s President Igor Dodon, Rus- signed at the CIS Summit were de- Sports and International Youth Co- bank had to undertake such measure ing the need for a stronger coordi- to instruct the Council of Heads sian President Vladimir Putin, cided upon during the Oct. 10 CIS operation Strategies and Develop- and sell foreign currency, according nation and interaction between all of Government and the Executive Kyrgyzstan’s Prime Minister Sapar Council of Foreign Ministers meet- ment of Cooperation in the Field of to Akishev, seeking to stabilise the competent bodies. Committee to intensify work on the Isakov and Chairman of the Board ing attended by Kazakh Foreign Tourism. President Nazarbayev congratulates Digital trends in Kyrgyz president-elect education transform Jeenbekov’s presidency will be success in a responsible post, and of three million eligible voters. By Aigerim Seisembayeva good for the Kyrgyz Republic I wish peace and prosperity to the The official outcome will be an- approaches to teaching and that Kazakh-Kyrgyz Republic entire brotherly Kyrgyz people,” nounced Nov. 7. ASTANA – Kazakh President cooperation will continue under the telegram reads. Jeenbekov served as Kyrgyz duced electronic journals. Our Nursultan Nazarbayev congratu- Jeenbekov’s leadership. Jeenbekov won 54 percent of the Prime Minister from April 13, By Zhanna Shayakhmetova goal is to prevent duplication and lated via telegram Sooronbay “I believe that Kazakhstan and votes in an Oct. 15 election, ac- 2016 until Aug. 21, when he re- significantly reduce paperwork,” Jeenbekov on his election as Presi- Kyrgyzstan’s relations based on cording to the preliminary results. signed after having been named a ASTANA – The electronic he said. dent of the Kyrgyz Republic, the cooperation will continue to de- His main rival, Omurbek Baba- candidate for presidency from the journal system is being widely The education system concept Akorda press service reported. velop for the benefit of both of our nov was second with 34 percent Social Democratic Party of Kyr- used in more than 4,000 schools includes three main directions – Nazarbayev said he believes countries. I wish you health and of votes. Turnout was 56 percent gyzstan. nationwide, said Minister of Ed- educational process digitalisation, ucation and Science Yerlan Sa- digital educational content and gadiyev at an Oct. 3 government education management digitalisa- meeting. “There are plans to ban tion. the printable teacher grade books Russian FM visits Kazakhstan, in those institutions that intro- Continued on Page A2 participates in MGIMO alumni forum President Vladimir Putin and the President briefed on Baiterek By Aigerim Seisembayeva President of Kazakhstan, Nursultan ASTANA – Russian Foreign Min- Nazarbayev,” Lavrov noted at the ister Sergey Lavrov and his Kazakh end of the meeting. Earlier on the same day, the two project at Baikonur counterpart Kairat Abdrakhmanov “The city has a great prospect. discussed preparations for the Nov. foreign ministers spoke at the open- Staff Report The necessary infrastructure is be- 9 14th Interregional Cooperation ing ceremony of the MGIMO Alum- ing developed, gasification of the Forum in Chelyabinsk and attended ni Forum. Lavrov is an alumni of the the 4th International Forum of Mos- class of 1972. ASTANA – Kazakhstan Presi- city will be ensured, construction cow State Institute of International Speaker of the Senate (upper dent Nursultan Nazarbayev was of housing complexes and social Relations (MGIMO) alumni during chamber) of the Kazakh Parliament briefed on the latest in Kazakh- facilities will be carried out, and Lavrov’s Oct. 6 visit to Kazakhstan. Kassym-Jomart Tokayev, himself an Russian cooperation on the Bait- joint enterprises should be created Abdrakhmanov said the interre- alumni, read an opening statement erek joint project at the Baikonur to provide employment for the lo- gional forum and the cross-border from President Nazarbayev in which complex during a recent trip to the cal population,” President Naz- Russian Foreign Minister Sergey Lavrov (L) and Kazakh Foreign Minister the Kazakh leader stressed the im- Kyzylorda region, according to the arbayev added. cooperation between Russia and Kairat Abdrakhmanov (R). Kazakhstan is a good platform to portance of such gatherings. Akorda press service. The Baiterek project, a joint pro- most pressing issues, including coun- Lavrov also noted a 40 percent test Eurasian Economic Union’s Lavrov also delivered a welcom- “As part of our agreements with ject between the counties, started tering terrorism, strengthening the increase in bilateral trade from economic freedoms related to the ing speech and read out President Russia, the strategic directions for in 2004 with the aim of creating non-proliferation regime, achieving January to July and attributed the movement of goods, services, capi- Putin’s address, which said Astana the development of the complex more eco-friendly carrier rocket sustainable development goals and increase to the Eurasian Economic tal and labour. He also said Lavrov’s is considered a centre of multilateral are determined.