Yerasyl Kazhybayev, representing the Abai region, became the winner of the annual Kazakhstan kuresi tournament "Kazakhstan Barysy-2024", which was held in the capital. The competition brought together 42 of the country's best wrestlers who won the qualifying tournaments.Also, a wrestler from the Abai region, Sayat Shamshiev, took 3rd place in the tournament.The Kazakhstan Barysy tournament, which was first held in 2011, has long been a symbol of national pride and strength, returning viewers to the traditions and culture of Kazakh wrestling.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/872011

The main purpose of the event is the transfer of new technologies to practical healthcare, the exchange of experience and training in modern methods of diagnosis and treatment of diseases, as well as the expansion of scientific and clinical cooperation with medical institutions in the region.The delegation included doctors from hospitals of the UDP Medical Center of the Republic of Kazakhstan accredited by international standards JCI, ISO, GLP, GMP (epileptologist, allergologist, traumatologist, arrhythmologist, gastroenterologist, cardiologist, neurosurgeon and others).Highly qualified specialists will provide free medical care to the population of the region (operations, consultations) and will conduct methodological work with specialists of the region – lectures, seminars and practical workshops are planned on the basis of medical institutions in Semey.Information about patient admission:On October 28, in polyclinic No. 1, Semey patients will receive:11:00-17:00 – Kimadiev Darkhan Baizhanovich, epileptologist;14:00-17:00 – Bekbolatova Akerke Bekbolatovna, allergist.On October 29, in polyclinic No. 1, Semey patients will receive:09:00-12:00 — Berdikhodjaev Mynzhylky Sailauovich, neurosurgeon of the highest category;10:30-13:00 – Abdrakhmanov Ayan Suleimenovich, arrhythmologist;14:00-17:00 – Sarshaev Marat Amangalievich, neurosurgeon of the highest category.On October 30, in polyclinic No. 1, Semey patients will receive:11:00-17:00 – Bakytzhan Ryskulovich Bimbetov, gastroenterologist;12:00-15:00 – Baymukhametov Askar Tursynovich, orthopedic traumatologist;14:00-17:00 – Baykenova Asemgul Sayatovna, gerontologist;14:00-17:00 – Yesenkulova Sezim Melisovna, cardiologist.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/872020

The chief specialist of the department of documentation support and control, Maigul Shakenova, was awarded the badge "Memlekettik kyzmet ardageri".Maigul Sayakovna's career in the civil service began back in 1994 — then she came to the position of a specialist of the II category in the department for receiving appeals from citizens of the akimat of Semipalatinsk.For more than 30 years of work in the documentation and control department, Maigul Sayakovna has earned the respect of her colleagues. Over the years, she has shown restraint, conscientiousness and the ability to work in a team. Colleagues point out her business qualities, exactingness and commitment — everything that makes her an important and respected member of the team.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/872492

Riakhanov Shyngys Nurtasovich was born on December 25, 1979 in the village of Karauyl in the Abai district of Semipalatinsk region. He graduated from the East Kazakhstan State University in Ust-Kamenogorsk with a degree in Applied Mathematics and Computer Science, Karaganda State Technical University with a degree in Production of building materials, products and structures. Graduate student of the University of Michigan in the Bolashak program, Master of Technical Sciences.He started his career as a trainee teacher at the Department of Mathematical Modeling and Computer Technology of the East Kazakhstan State University. From 2001 to 2002, he was a leading specialist in the organizational department of the Agency of the Republic of Kazakhstan for the Protection of State Secrets. From 2002 to 2003, he was a referent of the Information Security Sector of the Department for the Protection of State Secrets of the Office of the Prime Minister of the Republic of Kazakhstan. From 2009 to 2010 - Director of the Department of Business Projects of JSC NC SEC Saryarka. From 2010 to 2011 - Managing Director of AEO "Nazarbayev Intellectual Schools". From 2011 to 2017 - Deputy Director, Director of the Private Institution "Directorate of Nazarbayev Intellectual Schools under Construction". From 2018 to June 11, 2024, he worked in the business sector.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/872741

On the highway of regional significance "Voskresenovka-Petropavlovsk-Shelekhova-Dmitrievka" on the section km 23-38 (total length – 15 km), Deputy akim of the Abai region Dimitri Garikov inspected the current average repair. The event was attended by representatives of the contractor and technical supervision specialists. Attention was paid to the quality of the coating and the compliance of the work with established standards.Based on the results of the inspection, comments were given to the contractor with instructions to eliminate the identified shortcomings as soon as possible. The culverts necessary to maintain the reliability of the roadway and ensure road safety under weather conditions have also been checked.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/873261

ANNOUNCEMENT For the first 9 months of 2024, the net investment income of Kazakhstanis amounted to KZT2.09 trillion and exceeded the volume of pension contributions by KZT76 billionFor the first 9 months of 2024, the net investment income of Kazakhstanis amounted to KZT2.09 trillion, which is KZT716.3 billion or 52.3% more than the same period last year. At the same time, due to compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC), voluntary pension contributions (VPC), contributors and beneficiaries received net investment income in the amount of KZT2.08 trillion, which exceeds the volume of these contributions, which amounted to KZT1.85 trillion.Net investment income from employer’s compulsory pension contributions of the (ECPC), the transfer of which began only in 2024, amounted to KZT9.06 billion with a contribution volume of KZT160.6 billion.The return on pension assets of the UAPF, formed at the expense of CPC, COPC, VPC, under the management of the National Bank of the Republic of Kazakhstan for 9 months of 2024 amounted to 11.22%, with inflation for this period being 5.7%.The return on UAPF pension assets formed at the expense of ECPC as of October 1, 2024 since the beginning of the year is 8.87%. At the same time, the return on UAPF pension assets over the last 12 months as of October 1, 2024 amounted to 12.47% with inflation of 8.3%. Investment income consists of income in the form of remuneration on financial instruments (securities, deposits and other transactions), market and currency revaluation of financial instruments, income on assets under external management, etc. To preserve pension assets and generate income, the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM) constantly diversify the investment portfolio. That is, assets are invested in different financial instruments, currencies and are regularly redistributed taking into account the market situation. The reviews of investment activities of the National Bank of the Republic of Kazakhstan, monthly posted on the website enpf.kz, reflect that as of October 1, 2024, income was received on all types of instruments.Accumulated investment income in the long term also exceeds inflation. Since the foundation of the funded pension system in 1998, as of October 1, 2024, the cumulative accumulated return was 919.3% with inflation for the entire period being 803.01%.The entire system of investment management and accounting of pension assets is transparent: each investor has the opportunity to see their investment income in their personal account on the enpf.kz website or in a mobile application.Information on the investment management of UAPF pension assets and on the financial instruments in which UAPF pension assets are placed is published on the official UAPF website (www.enpf.kz) in the “Indicators/Investment activities” section. A lot of interesting and useful information, including interviews with experts of the funded pension system about investing pension assets, is on the БЖЗҚ ЕНПФYouTube channel. UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz). Source : https://www.gov.kz/memleket/entities/abay/press/news/details/874020

ANNOUNCEMENT UAPF presents a report on the investment of pension savings as of October 1, 2024 UAPF JSC (hereinafter referred to as UAPF) presents a report on the management of pension assets by the National Bank of the Republic of Kazakhstan (hereinafter referred to as NBRK) and investment portfolio managers (hereinafter referred to as IPM) on the enpf.kz website in the section "Indicators - Investment activities".The total volume of pension assets as of October 1, 2024 amounted to KZT21,179.1 billion. As of this date, the pension assets of the UAPF, which are in trust management of the NBRK, formed through compulsory pension contributions (hereinafter referred to as CPC), compulsory occupational pension contributions (hereinafter referred to as COPC), voluntary pension contributions (hereinafter referred to as VPC), amounted to KZT20,950.2 billion. The volume of pension assets formed through employer’s compulsory pension contributions (hereinafter referred to as ECPC), which are in trust management of the NBRK, is KZT169.2 billion. Pension assets under IPM management amounted to more than KZT59.7 billion. Investment portfolio of pension assets managed by the National Bank of the Republic of Kazakhstan The main areas of investment of pension assets formed through CPC, COPC, VPC, as of October 1, 2024, are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 42.29%, bonds of quasi-state companies - 9.31%, government securities of foreign states - 4.25%, bonds of second-tier banks of the Republic of Kazakhstan - 4.56%, repo transactions - 1.91%, shares and depositary receipts of issuers of the Republic of Kazakhstan - 1.80%, microfinance organizations - 1.66%.The investment portfolio by currencies in which the financial instruments acquired through CPC, COPC, VPC are denominated, as of October 1, 2024, is as follows: investments in national currency - 60.79%, in US dollars - 39.20%, in other currencies - 0.01% of the pension asset portfolio.From the analysis of the structure of the income received, it follows that income in the form of remuneration on securities, including on placed deposits and reverse repo transactions, amounted to KZT1,166.96 billion, on assets under external management - KZT620.16 billion, from the revaluation of foreign currency - KZT227.98 billion, from the market revaluation of securities - KZT98.86 billion. Other income amounted to KZT2.81 billion. As a result of investment activities, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income from the beginning of 2024 as of October 1 amounted to KZT2.12 trillion.The return on UAPF pension assets distributed to the accounts of contributors (beneficiaries) for 9 months of 2024 amounted to 11.22%. The investment areas of ECPC as of October 1, 2024 are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 88.71%, repo transactions - 9.47%, deposits of the National Bank of the Republic of Kazakhstan - 1.37%, cash in investment accounts - 0.45%,The investment portfolio due to ECPC includes only financial instruments denominated in national currency.The accrued investment income for ECPC since the beginning of 2024 as of October 1 amounted to KZT9.19 billion. ECPC yield is 8.87%. Recall that in the medium and long term, a positive real (exceeding accumulated inflation) return on pension savings is ensured.A detailed structure of the investment portfolio of financial instruments managed by the NBRK, indicating the issuers and an overview of investment activities are posted on the official website of UAPF. Information on the portfolio structure for pension assets formed through ECPC is also posted on the enpf.kz website. Investment Portfolio Managers The total volume of pension assets under the management of IPM is more than KZT59.7 billion.As of 01.10.2024, pension assets under the trust management of Jusan Invest JSC amounted to about KZT9.8 billion.The company's main investments: Government Securities of the Ministry of Finance of the Republic of Kazakhstan - 31.25%, Exchange Traded Funds (ETF) units - 23.33%, bonds of second-tier banks of the Republic of Kazakhstan - 11.87%, corporate bonds of foreign issuers - 8.58%, Repo - 8.33%, Government Securities of foreign states - 5.62% of the portfolio. It should be noted that 68.12% of the portfolio is presented in tenge, 31.88% - in US dollars.As a result of investment activities, the accrued investment income for 9 months of 2024 amounted to KZT1,067.94 million.The return on pension assets is 12.49%.A detailed structure of the investment portfolio of financial instruments managed by Jusan Invest JSC with an indication of issuers is presented on the UAPF website. As of 01.10.2024, pension assets under trust management of Halyk Global Markets JSC amounted to more than KZT4.4 billionThe main investments in the portfolio structure are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 20.45%, corporate bonds of foreign issuers - 16.72%, bonds of quasi-public organizations of the Republic of Kazakhstan - 13.57%, bonds of second-tier banks of the Republic of Kazakhstan - 13.05%, "reverse repo" (no more than 90 calendar days) - 12.16%, corporate bonds of organizations of the Republic of Kazakhstan - 7.74%, equity instruments of foreign issuers (ETF units) - 7.57%.Investments in national currency amounted to 73.09% of the portfolio, in US dollars - 26.91%.As a result of investment activities, the amount of accrued investment income as of October 1, 2024 since the beginning of 2024 amounted to KZT445.10 million. The return on pension assets is 10.84%.A detailed structure of the investment portfolio of financial instruments managed by Halyk Global Markets JSC with an indication of issuers is presented on the UAPF website. As of 01.10.2024, UAPF pension assets under trust management of BCC Invest JSC amounted to approximately KZT5.2 billion.Main investment areas: bonds of quasi-public organizations of the Republic of Kazakhstan - 29.36%, REPO - 16.17%, bonds of second-tier banks of the Republic of Kazakhstan - 12.02%, government securities of the Ministry of Finance of the Republic of Kazakhstan - 11.02%, corporate bonds of issuers-residents of the Republic of Kazakhstan - 8.98%, corporate bonds of foreign issuers - 7.90%, units (ETF on indices) - 6.37%.Investments in national currency amounted to 83.71% of the portfolio, in US dollars - 16.29%.As a result of investment activities, the accrued investment income for 9 months of 2024 amounted to KZT497.08 million. The return on pension assets is 10.67%.A detailed structure of the investment portfolio of financial instruments managed by BCC Invest JSC, indicating the issuers, is presented on the UAPF website. As of 01.10.2024, UAPF pension assets under the trust management of Centras Securities JSC amounted to more than KZT1.6 billion.In REPO - 25.3%, 22% invested in government securities of the Ministry of Finance of the Republic of Kazakhstan, bonds of quasi-public organizations - 12.41%, in shares and depositary receipts of issuers of the Republic of Kazakhstan - 9.73%, bonds of second-tier banks of the Republic of Kazakhstan - 10.53%, US government bonds - 6.82%, corporate bonds of issuers of the Republic of Kazakhstan - 6.79%.Investments in national currency amounted to 75.46% of the portfolio, in US dollars - 22.93%, in Canadian dollars - 1.61%.As a result of investment activities and changes in the market value of financial instruments, the amount of accrued investment income as of October 1 since the beginning of 2024 amounted to KZT157.05 million. Return on pension assets - 12.23%.A detailed structure of the investment portfolio of financial instruments managed by Centras Securities JSC with an indication of issuers is presented on the UAPF website. As of October 1, 2024, pension assets under trust management of Halyk Finance SO of the Halyk Bank of Kazakhstan JSC amounted to more than KZT38.7 billion.The main investments in the portfolio structure are as follows: Government securities of the Ministry of Finance of the Republic of Kazakhstan - 26.01%, Exchange Traded Funds (ETF) units - 13.04%, bonds of quasi-public organizations of the Republic of Kazakhstan - 11.19%, bonds of second-tier banks of the Republic of Kazakhstan - 10.08%, "reverse repo" (no more than 90 calendar days) - 9.86%, corporate bonds of foreign issuers - 8.66%, corporate bonds of issuers of the Republic of Kazakhstan - 8.31%, government securities of foreign states - 7.09%.68.42% of the portfolio is invested in instruments in national currency, in US dollars - 31.58%.As a result of investment activities, the amount of accrued investment income as of October 1 since the beginning of 2024 amounted to KZT3,666 million. The return on pension assets is 11.52%.A detailed structure of the investment portfolio of financial instruments managed by Halyk Finance SO of the Halyk Bank of Kazakhstan JSC with an indication of issuers is presented on the UAPF website. Let us remind you that from July 1, 2023, contributors can transfer no more than 50% of their pension savings to trust management through compulsory pension contributions (CPC) and compulsory occupational pension contributions (COPC) without taking into account the minimum sufficiency threshold by investment portfolio managers (IPM), choosing such a company themselves. Contributors who have voluntary pension savings can transfer them to their IPM in the amount of 100%. UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz).Source : https://www.gov.kz/memleket/entities/abay/press/news/details/874034

During 2024, 28 projects for the development of heat supply for a total of 18.5 billion tenge are being implemented in the region. As part of these initiatives, 37.9 km of heating networks and 17 heat sources are being built, reconstructed and repaired. As of today, work has been completed on 26.1 km of heating networks, which is 100% of the plan for this year.To prepare for the autumn-winter period of 2024-2025, JSC United Energy Service Company completed the repair of 712.9 km of power lines, as well as 15 substations and 105 transformer stations. Repairs have also been carried out on 24.1 km of water supply networks — and the plan has been fully implemented here.With the provision of coal, the population of the region is also under constant control: at the moment, 51% of the required volume has been prepared — 290 thousand tons out of 567.9 thousand tons. Coal is delivered daily to all points of sale, where reserves amount to 15.3 thousand tons. 119 thousand tons of coal have already been accumulated at the heat sources of the region, which covers 20% of the annual demand of 595 thousand tons, and each heat source is provided with a standard reserve for 10 days ahead. All measures to provide heat are under control.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/874174

Akim of the region Abai Nurlan Urankhayev held a meeting with the winner of the Kazakhstan Barysy tournament Yerasyl Kazhybayev and the bronze medalist of the tournament Sayat Shamshiev. This tournament, which has become a symbol of Kazakh wrestling, brought together the best athletes of the country, and both wrestlers brought pride and glory to their countrymen.At the meeting, the mayor expressed gratitude to the wrestlers for their achievements, noting that their victories are not only sporting successes, but also a worthy example for young people, inspiring them to believe in their strength and overcome difficulties. As a sign of appreciation for their contribution to the development of sports and the popularization of national wrestling, on behalf of the sponsors, the athletes were awarded cars, and Yerasyl Kazhybayev received a certificate for a three-room apartment."I have been participating in Kazakhstan Barysy for the sixth time," Yerasyl Kazhybayev shared his impressions. — We have been preparing a lot, and it is a great honor for me to bring the victory home in honor of the revival of the Abai region. I dedicate this victory to my small homeland and intend to perform again next year."Recall that the tournament brought together 42 best wrestlers from all regions of Kazakhstan and three cities of national importance: Astana, Almaty and Shymkent. Last year's champion "Kazakhstan barysy" and two representatives of "Asker barysy" were also among the participants.Yerasyl Kazhybayev, known to Kazakhstani fans as both a sambo wrestler and a judoka, has achieved significant success in the international arena. He has won prizes at the Kazakhstan cadet and youth judo championships, a silver medal in team competitions at the 2018 Asian Games in Jakarta, as well as the title of Asian sambo champion in 2017 and bronze at the World Championships in 2016. He always performs in the heavyweight category, breaking the 100 kg mark.The bronze medalist of the tournament, Sayat Shamshiev, who performs under the nickname Bolatshy, also has an impressive track record. Sayat is an international master of sports of the Republic of Kazakhstan, the champion of Kazakhstan in judo and the bronze medalist of the World Sambo Championship.Source : https://www.gov.kz/memleket/entities/abay/press/news/details/874182

The third (regional) stage of the Republican Olympiad in general education subjects for students of grades 9-11 (12) in rural schools begins today. More than 12 thousand winners of the regional tour participate in it. The Olympiad is held in the traditional format in 13 subjects in two rounds.Recall that more than 113 thousand students registered for the first stage, of which 53.5 thousand students took part in the second (district) stage. The winners of the third stage will receive vouchers for the republican (final) stage: students of grades 9-11 (12) in subjects of the natural and mathematical direction and grades 10-11 (12) in subjects of the social and humanitarian direction (no more than two from each subject and class).The Republican Olympiad in general education subjects for students of rural schools has been held since the last academic year and has become a tradition. Its goal is to identify and support gifted students from rural areas, as well as expand opportunities for their professional orientation and quality education. We wish the participants good luck and victories!Source : https://www.gov.kz/memleket/entities/edu/press/news/details/873387

The Committee for Quality Assurance in the field of education and its territorial departments conducted preventive monitoring for compliance with the requirements of the legislation of the Republic of Kazakhstan in the field of education.According to the results of control measures, the identified violations were completely eliminated in 16 organizations, and work continues in 37 more."Responsibility for the elimination of violations is borne not only by the heads of educational organizations, but also by the relevant management bodies. As part of the control measures, the Ministry provided methodological and practical assistance to organizations in applying the norms of legislation in the field of education," said Gulzhiyan Zhusupkalieva, Chief specialist of the committee.By the end of this year, control measures will be carried out in 50 more educational institutions of the country according to the semi-annual list posted on the website https://rchl.govtec.kz /.Source : https://www.gov.kz/memleket/entities/edu/press/news/details/873853

The Council of Deputies of Maslikhats was established under the Ministry of Education of the Republic of Kazakhstan. It is an advisory body for resolving issues in the field of education, which includes about 190 deputies of maslikhats at all levels. Addressing the people's deputies, the head of the Ministry of Education expressed confidence that the creation of the Council contributes to a more effective implementation of initiatives on the ground."At the second republican forum of deputies of maslikhats of all levels, the Head of State noted the importance of strengthening cooperation in all areas. Today, there are about 23 thousand educational organizations in the education system, in which about 6 million children study and 578 thousand teachers work. Therefore, close cooperation with maslikhats in each region will help us to fulfill our tasks efficiently. I am sure that joint work will lead us to the main goal – to improve the quality of education," Gani Beisembayev said. Issues such as ensuring the safety of children, improving educational infrastructure, and transforming technical and vocational education were also discussed at the meeting. The deputies were able to ask their questions directly and receive extended answers. It should be noted that the council will hold regular meetings to discuss topical issues and develop recommendations that will contribute to the introduction of new approaches and improvement of educational standards in the country.Source : https://www.gov.kz/memleket/entities/edu/press/news/details/873874

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During the latest meeting, current member Darment Sadvakassov was elected as the Chair of the Public Council of the Ministry of National Economy. Almas Chukin, who previously held this position, resigned from his duties on September 6, 2024. The new composition of the council consists of 15 members.Additionally, the meeting addressed issues related to enhancing the methodological framework of the privatization process and the progress of the "Tariff in Exchange for Investments" program.Zhadira Temirbaeva, the Director of the Department of State Asset Management Policy at the Ministry of National Economy, highlighted that a significant challenge in state asset management is improving the methodological framework for the privatization process."The state should not compete with the private sector; in light of this, conceptual approaches for the state's involvement in entrepreneurial activities have been established within the framework of economic liberalization. Additionally, a National Privatization Office has been created, tasked with compiling a list of state assets slated for privatization," she stated.The Deputy Chair of the Committee for Regulation of Natural Monopolies at the Ministry of National Economy, Miras Zeripbayev, elaborated on the progress of the "Tariff in Exchange for Investments" program, which has been implemented since 2023 by the Ministry of National Economy in collaboration with sectoral government agencies and Akim`s offices."The program aims to revitalize communal infrastructure by incentivizing new investments in the sector. The implementation of the new tariff policy will continue until 2029. "We are taking all necessary measures to prevent a sharp increase in tariffs for end consumers," emphasized Zeripbayev.In 2023, 267 billion tenge in investments were attracted, 5,800 kilometers of engineering networks were repaired, and the wear of the networks was reduced by 3.2%. For 2024, it is anticipated that approximately 336.3 billion tenge will be attracted for the modernization of 6.5 kilometers of engineering networks, which will further reduce the wear level by an additional 3%.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/861631

In accordance with the Rules for compensating property losses incurred by small and medium-sized enterprises (SMEs) as a result of the 2024 flooding, local executive bodies are actively engaged in receiving and reviewing applications from SMEs seeking reimbursement for the damages sustained.To compensate for entrepreneurs' property losses, the Government has allocated 12.1 billion tenge from itsAs of October 1, 2024, small and medium-sized enterprises (SMEs) have submitted 764 applications totaling 15 billion tenge. Positive decisions have been made on 630 applications totaling approximately 12 billion tenge, with payments fully disbursed for 615 applications (80.4% of the total number of applications) amounting to over 10.1 billion tenge.Decisions to deny compensation payments have been made for 30 applications. For the remaining affected entities, assessment and estimation work is ongoing. Once completed, the applications will be submitted for review by the Regional Commissions.The highest number of applications was received from Atyrau Region (423 applications) and North Kazakhstan Region (107 applications). 87 applications were received from West Kazakhstan Region, 68 from Kostanay Region, 51 from Aktobe Region, and 28 from Akmolinsk Region.It is important to note that, according to the Rules, the following items are eligible for reimbursement: the value of lost property (including buildings, structures, and equipment), the value of inventory and materials, and the costs associated with restoration work for damaged buildings and structures.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/861847

The Ministry of Finance of the Republic of Kazakhstan persists in convening discussions with businesses across the regions to examine the stipulations of the new Tax Code. This time, a delegation from Astana, led by the Minister of Finance of the Republic of Kazakhstan, Madi Takiyev, visited Atyrau Region. The region was chosen deliberately. In 2023, Atyrau Region accounted for 24% of the total industrial output of the country. Furthermore, the region holds a leading position in the national ranking for attracting investments.The taxation of the oil sector was deliberated in Atyrau during a meeting with representatives from both international and domestic oil companies, along with entrepreneurs from Atyrau, Aktobe, Mangystau, West Kazakhstan, and Kyzylorda regions. The Minister of Finance of Kazakhstan, Madi Takiyev, the Vice Minister of National Economy, Azamat Amrin, and the Deputy Chairman of the State Revenue Committee of the Ministry of Finance of Kazakhstan, Zhanibek Nurzhanov, elaborated on the innovations of the Tax Code, which is currently under consideration by the Mazhilis of the Parliament of Kazakhstan. The meeting was attended by Marat Murziyev, the Deputy Akim of Atyrau Region."The oil industry has historically served as a fundamental catalyst for our nation's economic landscape, continuously providing a significant proportion of fiscal revenues to the state budget. Our objective is to establish a taxation system that accommodates the interests of all stakeholders: the state, the business community, and society as a whole. "We face the challenges of developing an effective and equitable tax system that will foster sustainable industry growth, stimulate investments, and facilitate the implementation of innovative technologies," emphasized Minister of Finance Madi Takiyev in his address.He underscored that the proposed new Tax Code will streamline the number of taxes and other mandatory contributions to the budget. It is anticipated that payments lacking significant fiscal returns will be eliminated, and certain payments will be consolidated. As part of comprehensive measures, a precise delineation of the concept of tax incentives is proposed.The Vice Minister of National Economy, Azamat Amrin, conveyed that, in addition to fostering investment in new production facilities, the draft Tax Code also aims to sustain extraction operations in aging and depleting fields."Considering that the oil and gas and mining sectors constitute a significant portion of budget revenues, the new measures will facilitate stable revenue streams for the budget while also preserving jobs. "This is crucial for the development of regions with existing operations or the potential for exploring new fields," stated the Deputy Minister.The Deputy Chairman of the Committee for State Revenue of the Ministry of Finance of Kazakhstan, Zhanibek Nurzhanov, stated that the new Tax Code proposes the elimination of scheduled inspections. The scheduling of such events will be determined based on an analysis of the taxpayer's activities. Furthermore, inspections will be transitioned to an electronic format."The strategic significance of digitizing tax administration was emphasized in the Address of the Head of State to the people of Kazakhstan. Therefore, to mitigate corruption risks and ensure transparency, the Ministry of Finance is accelerating the transition of tax-related processes to an electronic format," concluded Madi Takiyev.As a result of the meeting, the parties reached a consensus that a constructive dialogue would facilitate the establishment of effective approaches to taxation and administration within the oil and gas sector in the draft of the new Tax Code.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/863238

During the event, Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov informed about the Government's efforts to ensure gender equality in the country.As noted by N. Baibazarov, the empowerment of women and the promotion of gender equality positively impact economic growth and societal development as a whole."In 2024, the proportion of women in small and medium-sized businesses reached 50.4%, while in public service, it accounted for 56%. Measures are being implemented to gradually increase the proportion of women to 30% in the governing bodies of state-owned companies," emphasized the Deputy Prime Minister.Furthermore, he stated that comprehensive measures are being implemented to safeguard the labor rights of women. The Labor Code encompasses a comprehensive set of legal provisions aimed at ensuring gender equality in the equality of employment.The government is implementing extensive support measures essential for business development, including initiatives specifically targeting women's entrepreneurship. During the period from 2021 to 2023, a total of 33,000 projects were supported through the subsidization of interest rates for women, while 23,000 projects received credit guarantees.In addition, the institution of social entrepreneurship is undergoing significant development in Kazakhstan. Monitoring indicates that approximately 80% of social enterprises are led by women."The protection of rights and the safeguarding of the legitimate interests of families with children constitute a fundamental focus of our country's government policy. "To date, a national support model has been established in the form of allowances and benefits," concluded Baibazarov.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/864833

During the Government session, the outcomes of Kazakhstan's socio-economic development for the period from January to September of the current year were comprehensively analyzed.The Deputy Prime Minister and Minister of National Economy, Nurlan Baibazarov, reported that during the reporting period, the economic growth reached 4%. The positive dynamics in the real sector amounted to 5%, while the services sector recorded a growth of 3.8%.Among the sectors, the most significant growth is exhibited by agriculture and construction. The transportation services sector experienced an increase of 8%, while communications rose by 6.4%, trade by 6.3%, and manufacturing by 4.8%.Growth rate of investments in fixed assets reached 0,6%. Investments increased in communications by 81.7%, education by 79.3%, transportation by 31.1%, manufacturing by 6.3%, and health care by 4.8%.From January to August, the external trade turnover of the republic amounted to $91.7 billion. Exports reached $53.5 billion, including processed goods worth $17.8 billion, while imports totaled $38.1 billion. Overall, Kazakhstan's positive trade balance stands at $15.4 billion.The manufacturing industry maintains a positive growth rate. Production volume increased by 4.8%, with the mining industry experiencing a growth of 1.2%.From January to September of the current year, 12.4 million square meters of housing were commissioned, reflecting a 6.2% increase compared to the same period last year.Agriculture has entered an active growth phase. Due to accelerated harvesting of grain crops, the industry's output has increased by 11.4%. In crop production, growth reached 17.8%According to N. Baibazarov, to ensure economic growth, central and local executive authorities must focus on the following measures:1. Ensure the effective utilization of investment budgets with stringent oversight of expenditure amounts;2. Ensure the achievement of the planned oil production volumes by the end of the year;3. Samruk-Kazyna Holding to ensure that the group of companies increases the purchase of products from domestic producers;4. Complete the collection of grain in full, Kazakhstan Temir Zholy JSC and interested government agencies to ensure uninterrupted transportation and sale of grain, including for export.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/864933

The event, chaired by Erik Dzhambulov, Director of the Department of Entrepreneurship Development Policy of the Ministry of National Economy of the Republic of Kazakhstan, was attended by representatives from the private sector, trade unions, civil society, and governmental bodies.As Erik Dzhambulov emphasized, issues pertaining to the protection of human rights in business activities are not merely formalities but rather a genuine necessity of our time. Kazakhstan, as an active participant in global processes and international initiatives, has undertaken several significant measures in this regard.“We commit ourselves to adhering to international standards, including the UN Guiding Principles on Business and Human Rights. “These principles provide a framework for business operations to not only yield economic advantages but also foster the development of a just, secure, and inclusive society,” he further stated.Participants deliberated on the principal challenges regarding human rights that Kazakhstan enterprises encounter, as well as issues related to the interaction between the state and business, and the integration of human rights standards into corporate processes and procedures.The Working Group will persist in its endeavors, with the subsequent session slated for November of this year, during which sectoral and thematic deliberations will take place.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/865764

The 13th meeting of the Ministers of Economy and Trade from the member states of the Turkic States Organization took place in Bishkek. The meeting was attended by Kazakhstan's Deputy Prime Minister and Minister of National Economy, Nurlan Baibazarov, along with delegations from Azerbaijan, Turkey, Kyrgyzstan, Uzbekistan, and Hungary.The primary agenda of the meeting centered around fortifying collaborative efforts and advancing economic development among the member states of the Organization of Turkic States. The Vice Prime Minister emphasized that Kazakhstan places significant importance on the advancement of Turkic integration and consistently welcomes initiatives and constructive proposals from fraternal states. "The Turkic Investment Fund established within the framework of the Turkic States Organization (TSO) reflects our collective ambition to enhance economic and investment cooperation, implement joint investment projects, and attract capital, technologies, and talent for the dynamic growth and prosperity of our nations," stated Nurlan Baibazarov in his address.All ministers from the TSO member states endorsed Kazakhstan's initiatives to establish a Council on Green Finance and a Council of Central (National) Banks of the member states.The subsequent gathering of the ministers of economy and trade is scheduled to occur in Turkestan, where the inauguration of the "TURAN" special economic zone is anticipated—yet another initiative from Kazakhstan that has garnered unanimous support from all member states of the TSO.For reference: The Cooperation Council of Turkic-Speaking States was established on October 3, 2009. In 2021, the Council was transformed into the Turkic States Organization.As of the end of August 2024, the indicators of mutual trade between Kazakhstan and the countries of the Organization amounted to $7.2 billion.In 2024, the Turkic Investment Fund was established within the framework of the Organization of Turkic States, marking the first joint financial institution aimed at fostering economic integration among Turkic nations. Turkic integration encompasses a wide array of cooperation, ranging from transit and transport issues to economics, ecology, science, education, arts, tourism, sports, and extending to humanitarian block.The organization currently consists of 5 member States and 2 observer States. Member States: Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan. Observer States: Hungary, Turkmenistan.Source : https://www.gov.kz/memleket/entities/economy/press/news/details/867935