Articles by Laura Tussupbekova

NUR-SULTAN – The Kazakh government has approved suspending the universal declaration and tax penalty cancellation. Following two readings, the Senate (upper house of Parliament) adopted the amendments June 24 on regulating and developing the financial market, microfinance activities and taxation. The document proposes phasing in the universal declaration.   In the first stage, the plan would…

NUR-SULTAN – FlyArystan, Kazakhstan’s first low-cost airline, will launch daily flights from Almaty to Karaganda starting May 2, reported the company press service. Tickets for the 90-minute flight on a 180-seat Airbus A320 start at 5,999 tenge (US$16) one way, including all airport taxes. FlyArystan offers options such as additional baggage, in-flight catering and priority…

ASTANA – The international rating agency S&P Global Ratings recently confirmed the long-term and short-term sovereign credit ratings in foreign and national currency of Kazakhstan at the level of BBB-/A-3. The agency expects that the country’s sovereign and external balance to remain viable. According to the agency, the outlook is stable. S&P also confirmed the…

ASTANA – The National Security Committee will be equipping government agencies with systems to prevent information leaks. The Ministry of Defence and Aerospace Industry scientific and technical council has selected the specific IT security projects. “At present, the projects are being examined by the Ministry of Education and Science. All of them are related to…

ASTANA – The Ministry of Finance presented Jan. 10 the draft law on improving rehabilitation and bankruptcy procedures of business entities at the Mazhilis (lower house of Parliament). Approximately 4,000 business entities are undergoing the bankruptcy procedure and 400 enterprises are in need of rehabilitation “The number of business entities in difficult financial situations is…

ASTANA – Underestimating import data indicates corruption in customs and leads to illegal business, said Senator Dariga Nazarbayeva at the body’s Dec. 6 plenary session. This also poses a direct threat to the health and safety of the nation. Transparency Kazakhstan recently released its research results in the report Customs Corruption of Kazakhstan: Mirror Analysis…

ASTANA – The Kazakh Parliament adopted amendments to the law “On Standardisation” at its Oct. 3 plenary meeting. The document was submitted to the head of state for approval. “The objective of the law is to improve the legislation in the field of standardisation as part of the national standardisation system reform designed to ensure the…

ASTANA – Despite the huge potential, tourism in Kazakhstan is not developing properly. That was the inference of the governmental hour on June 16 in the Mazhilis, the lower chamber of the Kazakh Parliament, chaired by its vice-speaker, Dariga Nazarbayeva. In his performance report, Minister of Industry and New Technologies Asset Issekeshev reminded that in…

ALMATY – Serikbai Bisekeyev has become the first Kazakhstan businessman to win the Ernst & Young Company’s prestigious “Entrepreneur of the Year” award. Bisekeyev who is based in St. Petersburg, founded and runs the Arman (Dream) Company. It manufactures equipment for IT systems integration. The company started by supplying such equipment from Germany. Then in…

ASTANA – President Nursultan Nazarbayev has held his traditional annual meeting in the Akorda presidential palace with the Koktem Shuagy women public organization to celebrate International Women’s Day. Women representing different professions including military, business, medicine, teaching and art attended the meeting which took place on March 7. In his remarks, the President praised the…