Articles by Yerbolat Uatkhanov

Future Capital Technologies creates first Kazakh payroll service 

NUR-SULTAN – Future Capital Technologies has launched PayDay, a service that allows employees to receive their salary any day of the month. The new programme will help ease individual debt burden and reduce companies’ salary budgets.  The firm creates and implements IT projects that provide simpler and more efficient solutions for the obsolete and complex…

AIFC issues license to captive insurer firm, signaling support for Kazakh companies relocating operations, assets to Kazakhstan

NUR-SULTAN – Astana Financial Services Authority (AFSA) issued a license Kazakhstan Energy Reinsurance Company (KERC), a captive insurer firm, setting a precedence for the nation’s companies to transfer operations and capital to the country. A captive insurer is a licensed insurance company created by a parent company to provide coverage for itself. As a captive…

AIFC Court, IAC consider five cases in 2019

NUR-SULTAN – The Astana International Financial Centre Court (AIFC Court) and International Arbitration Centre (IAC) considered five cases in 2019. The achievement was significant compared to the experiences of similar common law financial centre courts and international arbitration centres at this stage of their operation. “2019 has been a very productive year of achievement for…

Qaz Carbon to satisfy domestic and export demands

NUR-SULTAN – Funding from new investors has given second life to the former Karaganda foundry in the country’s biggest region. Large-scale modernisation of the Qaz Carbon plant has provided a semi-coke oven which, for the first time, will not only satisfy domestic demand, but also provide product for export. “Today, we are taking practical measures…

IAEA LEU Bank completes second shipment of low enriched uranium 

NUR-SULTAN – The International Atomic Energy Agency (IAEA) received the second and final shipment of low-enriched uranium (LEU) Dec. 10 at its LEU Bank, established in Ust-Kamenogorsk, East Kazakhstan region, as part of the international efforts to assure countries of the nuclear fuel supply. The delivery completed the planned stock of material that the LEU…

AIFC’s BCPD holds EdTech Camp, aims to improve educational technologies

NUR-SULTAN – The Astana International Financial Centre (AIFC) Bureau for Continuing Professional Development (BCPD) held an EdTech Camp Nov. 29 to improve the country’s educational technologies through exchanging experience, applying the best international practices and expertise and creating a professional platform to develop educational innovations.  EdTech Camp brought together local and international experts, entrepreneurs and…

IAC signs multiple agreements with Asian international arbitration and mediation partners

NUR-SULTAN – The Astana International Financial Centre’s (AIFC) International Arbitration Centre (IAC) signed five memorandums of understanding (MoUs) with leading dispute resolution institutions in Hong Kong and China during the Hong Kong and China arbitration weeks, two leading annual arbitration forums in Asia.   “I am delighted to report that our International Arbitration Centre has found…

IAEA LEU Bank in Kazakhstan receives first shipment, becomes operational

NUR-SULTAN – The International Atomic Energy Agency (IAEA) Low-Enriched-Uranium (LEU) Fuel Bank in Kazakhstan received Oct. 17 its first shipment of low-enriched uranium. The LEU Bank is meant to be a supply source of last resort for IAEA member states who have had a disruption in their access to fuel. “With the arrival of the…

North Kazakhstan farmers harvest first major soybean crop 

NUR-SULTAN – Farmers in the North Kazakhstan Region have begun harvesting the first major soybean crop under Northern Soybean state programme. Kazakhstan currently imports soybeans from Russia, but thanks to the programme the country will be able to cover its needs in five years. Regional Akim (Governor) Kumar Aksakalov has repeatedly highlighted the benefits of…

AIFC marks World Investors Week with how-to forum on doing business with the centre 

NUR-SULTAN – The Astana International Financial Centre (AIFC) and Almaty Akimat (administration) hosted the Almaty Financial Forum as part of World Investors Week (WIW). The event contributed to increased public awareness about consumer protection in financial services, the basics of investing and conditions for doing business through AIFC. WIW, an annual campaign held under the…