The article considers the basic aspects of food safety assessment in Kazakhstan. By way of example, the authors describe a set of criterial indicators for assessing the national food security, divided into two groups - strategic and tactical monitoring indicators. Summarizing the theoretical and methodological aspects of food security assessment, the authors propose to expand the list of criteria by adding such indicators as the integrated coefficient of food independence and the complex coefficient of food dependence. According to the authors, such indicators are highly relevant in the CIS countries, since the import expansion in the context of foreign trade liberalization has resulted in displacement of domestic producers from the national market, both in Kazakhstan and in Russia, as well as in Kyrgyzstan and other CIS countries.

In modern economy bioethanol, the mix has an increasing application in the processing of renewable vegetable raw materials, which contain ethanol as the basic component, which is in turn applied in the production of biofuel. The countries producing large volumes of grain use cereal cultures including wheat, corn, rye, millet to produce bioethanol. The article investigates the problems and prospects of biofuel production in the Republic of Kazakhstan.

This study analyzes the causal relationship between the highest price formation and trading volume in Energy Company stocks traded on KASE. In addition, Granger causality analysis is strengthened with frequency domain causality analysis to determine the concentration points of the causality relationship. This aspect provides vital decision support, especially in investment decisions. Three different relationships are identified for the causality between the highest price formation and the transaction volume. There is a two-way causality relationship for KEGC and a one-way for KZTO. No causal relationship was found for KZAP. These results can be interpreted as an indication that the Kazakhstan stock market offers a rich portfolio for investors. The causality structure of the investment climate in Kazakhstan can be analyzed by similar studies on the composite index and other companies traded in KASE. The time interval of the study was determined as between 01.01.2021 and 31.01.2023 and the data used were retrieved from the investing.com website.

The financial market belongs to the segment of the economic system, which is especially strictly regulated and controlled by state bodies. The special emphasis of the state on the issues of control and supervision of the financial market is due to the fact that the degree of development of its infrastructure has direct impact on the economic situation of the country. The conducted analysis of the financial market development covers the period from 2014 through 2017. The article reflects the features of the financial market of Kazakhstan and its role for the national economy, as well as the mechanism of state regulation of the financial market. The authors reveal the problems of the financial market functioning at the present stage, and draw conclusion about the need to develop the regulatory infrastructure of the financial market to achieve sustainable economic growth.

Жетысуский государственный университет имени И. Жансугурова (Талдыкорган, Республика Казахстан)В условиях снижения эффективности банковского сектора ключевым источником финансирования бизнеса и драйвером роста экономики Республики Казахстан на современном этапе может выступить фондовый рынок. Тем не менее банки являются одновременно основными участниками фондового рынка. В статье рассмотрены некоторые внутренние показатели банковского сегмента, которые негативно влияют на реальный сектор экономики и финансовый рынок. Среди них -увеличение проблемных кредитов. Определено, что чем выше уровень глубины финансовых отношений, тем меньше показатель неработающих кредитов (NPL), а диспропорции в кредитовании экономики Казахстана усиливают потенциальную инфляцию и др. Проанализирована с помощью корреляции теснота связи между повышением уровня инфляции и увеличением денежной массы, а также ростом денежной массы и индексом потребительских цен. В статье на фоне дестабилизации банковского сектора представлена также динамика развития фондового рынка и его активизация в условиях либерализации деятельности и стимулирования его основных участников.Ключевые слова: банковский сектор, фондовый рынок, ссудный портфель, активы, Казахстанская фондовая биржа, капитализация.