Dear compatriots, Please accept my sincere congratulations on Victory Day!May 9th is not just a date on the calendar, but a symbol of courage, perseverance and selfless love for the Motherland. We gratefully honor the feat of the veterans who sacrificed their strength and lives for peace and freedom, and cherish the memory of their dedication.   We wish you and your loved ones peace, prosperity, good health and confidence in the future. May the memory of the heroic past inspire us to do good deeds and serve as a solid foundation for new achievements. Press ServiceDepartment of JusticeKostanay region Source : https://www.gov.kz/memleket/entities/adilet-kst/press/news/details/992105?lang=kk

In accordance with the Decree of the Government of the Republic of Kazakhstan dated March 5, 2014, the country holds the annual Meryli Otbasy competition, aimed at reviving moral values and cultivating a positive image of family and marriage, raising the status of the family. Families living in the district of Beimbet Mailin, whose members have high labor, sports, creative, and intellectual achievements, are invited to participate. This year, "Mereyli Otbasy" will be held in two stages: at the district/city and regional levels. Applications for participation in the district stage of the competition are submitted in the form with the necessary documents attached from May 15 to June 15, 2025. For all questions, please contact the Department of Internal Policy of the Akimat of the Beimbet Mailin district at 60 Tauelsizdik str., office 28, tel. 36293, e-mail: politika81@mail.kz .Source : https://www.gov.kz/memleket/entities/kostanai-bmalin-audany-akimat/press/news/details/992101?lang=kk

From May 5 to May 12, 2025, the Emperor shopping complex is hosting the exhibition of the EKR museum-reserve «1941-1945... through the years, through the centuries – remember», dedicated to the 80th anniversary of the Victory. The exhibition recreates the atmosphere of everyday life during the war years with the help of interior elements, for which unique exhibits have been prepared: an accordion, a gramophone, household items and furniture authentic to the war of the 40s. The prepared exposition is our grateful memory of the military feat of the people. We remember it and are proud of the glory of our ancestors!Source : https://www.gov.kz/memleket/entities/vko-cultura-arhiv/press/news/details/992084?lang=kk

On behalf of the President of the Republic of Kazakhstan, Kassym-Jomart Kemelevich Tokayev, we congratulated all veterans of the city of Kostanay on the holidays — Defender of the Fatherland Day and the upcoming Victory Day. Congratulatory letters and commemorative medals dedicated to the 80th anniversary of the Great Victory were presented to the veterans.       It should be noted that today seven veterans live in Kostanay, all of them have been paid 5 million tenge from the local budget by Victory Day. Three veterans are turning 100 this year.The veterans greeted us in a good mood, with warm words of gratitude and wishes of peace, kindness and well-being to all residents of Kostanay.Congratulations to all Kostanay residents on this significant event, with great holidays!Source : https://www.gov.kz/memleket/entities/kostanai-kalasy-akimat/press/news/details/992049?lang=kk

Source : https://www.gov.kz/memleket/entities/mod/press/news/details/992066?lang=kk

On the eve of the celebration of the Great Victory Day, Zhanar Danelkhanovna Sydykova, chairman of the maslikhat of the Ulken Naryn district, congratulated the home front worker on the holiday to Abisheva Sharban and presented a medal dedicated to the 80th anniversary of the Great Victory.The home front worker, in turn, gave her blessing and wished us all a peaceful life.She also congratulated the residents of the village of Balgyn, the “Children of War", Kalieva Batima, Kitakpayeva Nurbagdi, Beisekina Nursak, Kalieva Zhamkosh, Kamiyasova Sarah, Zhurtpayeva Kasken, Yerezhepova Nurzagila, Kadyrgozhina Kulzada, Slyamova Bagjamal on the great holiday.Source : https://www.gov.kz/memleket/entities/maslikhat-ulken-naryn/press/news/details/992010?lang=kk

"Non-commercial JSC "Kazakhstan Agency of International Development "KazAID" announces a competition for the vacant position of Manager of the Partnership and Regional Projects Department. Functional responsibilities:Development of project design for sustainable development goals;negotiations with local and foreign partners;support, control, monitoring of project implementation and evaluation of project results;preparation of necessary project documentation; interaction with government agencies and foreign institutions of the Republic of Kazakhstan in partner countries.Requirements for candidates:Higher (or postgraduate) education in economics, international relations, business management (other specialties can also be considered), a master's degree is preferable.Work experience – 2 years.Experience in project management is required.Project budget management skills and experience working with government agencies are welcomed.Knowledge of Kazakh, Russian and English is mandatory.Knowledge of foreign languages is welcomed.The deadline for accepting resumes from candidates - May 20, 2025.The resume should be sent to the email address – office@kazaid.kzSource : https://www.gov.kz/memleket/entities/kazaid/press/news/details/991930?lang=kk

New Delhi, May 8, 2025 – The Ambassador of Kazakhstan to India H.E. Mr. Azamat Yeskarayev presented copies of credentials to Mr. Anshuman Gaur, Chief of Protocol (Joint Secretary) of the Ministry of External Affairs, Government of India.During the meeting, Mr. A.Gaur congratulated the head of the Kazakh diplomatic mission on his assumption of office and arrival in New Delhi, emphasizing that Kazakhstan and India have long-standing friendly ties based on mutually beneficial strategic partnership. In this context, he promised to provide comprehensive assistance from Indian Foreign Office to Mr. A.Yeskarayev during his tenure and in the realization of his obligations.The Ambassador of Kazakhstan, in turn, expressed his gratitude for the hospitality and readiness to make every effort to further deepen Kazakh-Indian bilateral cooperation.As a result of the meeting, the parties agreed to continue fruitful cooperation between the Embassy and the Ministry of External Affairs of India, including during the preparation and conduct of high-level and high-level visits.Source : https://www.gov.kz/memleket/entities/mfa-delhi/press/news/details/991908?lang=kk

Source : https://www.gov.kz/memleket/entities/mod/press/news/details/991881?lang=kk

Today, in the district central library of Karasai district, a meeting was held among the youth of the district on the topic of «Courage - a heritage for the country, an example for generations, with academician, chairman of the » Veterans Organization of Umtyl rural district Khasenov Eltai Khamzinuly, organized by the «Karasai district youth resource center » Karasai district. 30 young people participated in the meeting.Our main goal: to promote the indomitable spirit of the heroes who fought for victory among the youth and glorify their bravery. Source : https://www.gov.kz/memleket/entities/almoblzhastary/press/news/details/991841?lang=kk

On June 20, 2025, a meeting will be held between the Akim of the Mendykarinsky District, Bekbaev G.M., and the population of the Karakoginsky rural district.Venue: Uzynagash village, school building, at 10:00.As part of the preparation for the meeting with the population, questions from residents are being received. Questions and suggestions are accepted via WhatsApp chats at 8-705-162-80-87.Source : https://www.gov.kz/memleket/entities/kostanai-mendykarin-audany-akimat/press/news/details/1017119?lang=kk

In the EKR museum-reserve, for the 80th anniversary of the Victory in the Great Patriotic War, an exhibition «Legendary Kasym Kaisenov» was opened, dedicated to the life and work of our fellow countryman, participant of the Great Patriotic War, «Khalyk Kaharmany» Kasym Kaisenov. The opening of the exhibition was held with the participation of his son Bolat Kaisenov and relatives.Source : https://www.gov.kz/memleket/entities/vko-cultura-arhiv/press/news/details/991804?lang=kk

   On May 8, 2025, the heads of the branches of the "Interdistrict Territorial Enforcement Departments" of the Kostanay Region Department of Justice, together with private bailiffs, notaries, and representatives of local executive bodies, congratulated veterans and presented them with food baskets and commemorative medals.   Anatoly Mikhailovich Zubov, a home front worker, was congratulated in Rudny. Vasily Mikhailovich Sergeev, who worked in the field during the war and served in the internal affairs bodies for many years after, was congratulated in the Zhitikarinsky district.   In the Auliekolsky district, the senior state bailiff of the Auliekolsky Interdistrict Territorial Enforcement Department branch, together with the notaries of the district, also expressed gratitude to the home front workers, handing them food baskets as a sign of appreciation for their selfless work during the war. Among those congratulated are Galina Ivanovna Ivanova, Alexandra Sergeevna Lesnyak, Olga Mikhailovna Nikolenko, Lukiya Evtikhievna Pupysheva, Valentina Stepanovna Vlasova and Irina Nikolaevna Chernyaeva.   Such actions are aimed at preserving historical memory and showing respect for those who contributed to the Victory in the rear. Press ServiceDepartment of JusticeKostanay regionSource : https://www.gov.kz/memleket/entities/adilet-kst/press/news/details/991819?lang=kk

On May 8, the central library named after Saken Seifullin hosted a week-long large-scale book exhibition Uly Zhenis - erlik pen danktyn mangilik Murasy, dedicated to May 9 - the 80th anniversary of Victory in the Great Patriotic War. The Great Patriotic War.The purpose of the exhibition is to convey to future generations the historical significance of Victory Day, to promote the selfless heroism and patriotism of the people during the war, as well as to honor the memory of soldiers who gave their lives for their Homeland, not forgetting their exploits.The exhibition was attended by students of secondary school No. 13, secondary school No. 17, secondary school No. 18 named after Baktybai Zholbarysula of Taldykorgan and employees of the State Institution "Department of Specialized Security Service of Almaty region and Zhetisu region of the Ministry of Internal Affairs of the Republic of Kazakhstan", librarians Ayim Zhumabekova, Kymbat Sadyrbayeva, Azhar Tursinkhanova, who introduced students to the book collection. The exhibition is about the state of Kazakhstan during the Patriotic War, about the heroic deeds of soldiers who showed heroism in the war, and about how not to return to the country.- war veterans also told about colorless Buzdaks.Source : https://www.gov.kz/memleket/entities/zhetysu-archive/press/news/details/991746?lang=kk

   On May 8, 2025, on the eve of May 9, Victory Day, employees of the Department of Justice honored the memory of the fallen heroes by laying flowers at the memorial. This is a tribute of deep respect and gratitude to those who gave their lives for the peaceful sky above their heads and the freedom of our country. Press ServiceDepartment of JusticeKostanay region  Source : https://www.gov.kz/memleket/entities/adilet-kst/press/news/details/991750?lang=kk

Moscow, May 5-7, 2025 – The 10th Meeting of the High Level Working Group on the Caspian Sea Issues (HLWG) was held in Moscow.The delegations of the Republic of Azerbaijan (led by Samir Sharifov), the Islamic Republic of Iran (led by Alireza Jahangiri), the Republic of Kazakhstan (led by Zulfiya Amanzholova), the Russian Federation (led by Mikhail Petrakov) and Turkmenistan (led by Myrat Atajanov) took part in the meeting. The meeting was chaired by the head of the Russian delegation Mikhail Petrakov.The parties continued the discussion on the methodology for establishing straight baselines in the Caspian Sea. Within the framework of the meeting, the parties carried out a review of cooperation in the Caspian Sea and considered the issues of preparation for the next meeting of the ministers of foreign affairs.Delegations expressed their gratitude to the Russian Federation for the high level of organization of the meeting.The next meeting of the HLWG will be held in Turkmenistan on dates agreed through diplomatic channels.Source : https://www.gov.kz/memleket/entities/mfa/press/news/details/991755?lang=kk

The Victory Cup and the ITF Kazakhstan Taekwondo Championship among juniors and youth are taking place in Karaganda. A record number of athletes from all regions of the country and Kyrgyzstan participate in it – 600 of the strongest young fighters. Everyone is primed for victory, as it is on the tatami in the SC "Zhastar" that the best are selected to perform in Italy at the World Championships. - This year, the ITF Taekwondo Federation of the Karaganda region celebrates its 35th anniversary. And when it was just being organized, we decided that we would definitely hold the tournament in honor of Victory Day. Even in the dashing 90s, when there were no taekwondo competitions in Kazakhstan at all, we did everything to make our special championship take place. Thanks to this, we survived. Therefore, the Victory Cup, which in 2025 also coincided with the championship of Kazakhstan, can be said to be historic for us. We always do it from the bottom of our hearts, we have a particularly warm attitude towards him," said Valery Kogai, President of the ITF Taekwondo Federation of the Karaganda region.Source : https://www.gov.kz/memleket/entities/karaganda-sport/press/news/details/991762?lang=kk

On the eve of the celebration of May 9 — Victory Day in the Great Patriotic War — Akim of Kostanay region Kumar Aksakalov visited veteran Kasymkhan Aldabergenov at his home.During the meeting, the head of the region warmly congratulated the respected veteran on the upcoming holiday, expressed deep gratitude for his heroism and read out a congratulatory letter on behalf of the President of the Republic of Kazakhstan. Kasymkhan Aga was also awarded a jubilee medal.— You are the living history of our country. Your feat inspires generations and reminds them of the price of peace and freedom. After the war, you made a significant contribution to the development of culture, education and literature. Your life path is an example of true service to the Motherland," Kumar Aksakalov noted.Kasymkhan Aldabergenov passed through the front roads and returned Victorious. In peacetime, he actively worked in the humanitarian field, educating young people through creativity, poetry and social activities. His name is well known not only in Kostanay region, but also beyond its borders.At the end of the meeting, the governor of the region thanked the veteran for his courage, wished him good health, longevity and expressed confidence that the youth would keep the memory of the great feat of their ancestors with gratitude and respect.The presentation of jubilee medals and congratulations on behalf of the President to veterans of the Great Patriotic War continues in Kostanay region as part of the Victory Day events.Source : https://www.gov.kz/memleket/entities/kostanay/press/news/details/991712?lang=kk

 ANNOUNCEMENT UAPF presents pension investment report as of 1 April 2025UAPF 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 April 1, 2025, under the management of the NBRK and IPM amounted to KZT22,723.37 billion. As of this date, UAPF pension assets under the 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 about KZT22,333.29 billion[1]. The volume of pension assets formed by employer’s compulsory pension contributions of the (hereinafter referred to as ECPC), which are in trust management of the NBRK, is KZT327.30 billion.Pension assets under the management of the IPM amounted to more than KZT62.78 billion.Investment portfolio of pension assets managed by the National Bank of the Republic of KazakhstanThe National Bank, as a trustee of the UAPF pension assets, pursues a balanced investment policy: invests in various types of financial instruments by currencies, countries, sectors and issuers.The main areas of investment of pension assets formed through the CPC, COPC, VPC, as of April 1, 2025, are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 41.59%, bonds of quasi-public companies - 8.88%, deposits of the NBRK - 3.86%, bonds of second-tier banks of the Republic of Kazakhstan - 3.16%, shares and depositary receipts of issuers of the Republic of Kazakhstan - 1.51%, IFOs - 1.38%.The investment portfolio broken down by currencies in which financial instruments acquired through CPC, COPC, and VPC are denominated as of April 1, 2025, looks like this: investments in national currency - 59.94%, in US dollars - 40.05%, in other currencies - 0.01% of the pension asset portfolio.From the analysis of the structure of the income received, it follows that the income in the form of interest on securities, including on placed deposits and reverse repo transactions, amounted to KZT433.21 billion. The market revaluation of securities, foreign currency, on assets under external management was negative. Other income amounted to KZT2.89 billion.Despite short-term fluctuations in return, over the past 12 months from April 2024 to March 2025, the amount of accrued investment income amounted to about KZT2.37 trillion, the yield for this period was 11.99% with inflation at 10.00%.The investment directions of ECPC as of April 1, 2025 are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 80.02%, repo transactions - 16.39%, deposits of the National Bank of the Republic of Kazakhstan - 3.10%.The investment portfolio due to ECPC includes only financial instruments denominated in the national currency.As of April 1, 2025, the return on pension assets due to ECPC over the past 12 months was 7.37%.Let us remind you that pension savings are long-term investments. Therefore, it is advisable to analyze the amount of investment income for a period of at least one year. In certain periods, a decrease in profitability may be observed due to the volatility of foreign exchange rates, changes in the market value of financial instruments, as well as the impact of inflation. Diversification of the investment portfolio, when the income on some instruments covers temporary losses on others, ensures the safety and stable profitability of pension savings in the long term. Thus, investment income in dynamics over the last 3 years shows stable growth, the return on pension assets exceeds the inflation rate.A detailed structure of the investment portfolio of financial instruments managed by the NBRK, indicating 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 website enpf.kz.Investment Portfolio ManagersThe total volume of pension assets under the management of IPM is more than KZT62.78 billion.As of 01.04.2025, pension assets under the trust management of Jusan Invest JSC amounted to KZT11.40 billion.The company's main investments: Exchange Traded Funds (ETF) - 21.90%, Government Securities of the Ministry of Finance of the Republic of Kazakhstan - 19.37%, bonds of second-tier banks of the Republic of Kazakhstan - 19.14%, Repo - 8.83%, corporate bonds of foreign issuers - 8.04%, IFOs - 6.23%, corporate bonds of issuers of the Republic of Kazakhstan - 6.12%, Government Securities of foreign states - 4.81%. It should be noted that 66.49% of the portfolio is presented in tenge, 32.15% - in US dollars, 1.36% - in other currencies.As of April 1, 2025, the return on UAPF pension assets over the past 12 months, distributed to the accounts of contributors (beneficiaries), amounted to 14.21%.A detailed structure of the investment portfolio of financial instruments managed by Jusan Invest JSC, indicating the issuers, is presented on the UAPF website.As of 01.04.2025, pension assets under trust management of Halyk Global Markets JSC amounted to approximately KZT5.30 billion.The main investments in the portfolio structure are as follows: "reverse repo" (up to 90 calendar days) - 18.96%, government securities of the Ministry of Finance of the Republic of Kazakhstan - 16.25%, corporate bonds of foreign issuers - 14.46%, bonds of second-tier banks of the Republic of Kazakhstan - 11.66%, corporate bonds of organizations of the Republic of Kazakhstan - 11.13%, bonds of quasi-public organizations of the Republic of Kazakhstan - 9.20%, equity instruments of foreign issuers (ETF units) - 7.79%, securities with government status issued by the central governments of foreign states - 4.94%. Investments in national currency accounted for 69.11% of the portfolio, in US dollars - 30.89%.As of April 1, 2025, the return on UAPF pension assets over the past 12 months, distributed to the accounts of contributors (beneficiaries), amounted to 15.55%.A detailed structure of the investment portfolio of financial instruments managed by Halyk Global Markets JSC, indicating the issuers, is presented on the UAPF website.As of April 1, 2025, UAPF pension assets under the trust management of BCC Invest JSC amounted to more than KZT5.94 billion.Main investment areas: bonds of quasi-public organizations of the Republic of Kazakhstan - 23.52%, bonds of the second-tier banks of the Republic of Kazakhstan - 23.49%, government securities of the Ministry of Finance of the Republic of Kazakhstan - 10.79%, corporate bonds of issuers-residents of the Republic of Kazakhstan - 15.35%, repo - 8.75%, corporate bonds of foreign issuers - 8.32%.Investments in national currency amounted to 77.89% of the portfolio, in US dollars - 22.11%.As of April 1, 2025, the yield on UAPF pension assets over the past 12 months, distributed to the accounts of contributors (beneficiaries), amounted to 16.64%.A detailed structure of the investment portfolio of financial instruments managed by BCC Invest JSC, indicating the issuers, is available on the UAPF website.As of 01.04.2025, UAPF pension assets under trust management of Centras Securities JSC amounted to KZT2.19 billion.23.50% were invested in government securities of the Ministry of Finance of the Republic of Kazakhstan, corporate bonds of issuers of the Republic of Kazakhstan - 21.15%, bonds of quasi-public organizations - 16.63%, bonds of second-tier banks of the Republic of Kazakhstan - 10.65%, repo - 9.08%, US government bonds - 6.81%, shares and depositary receipts of issuers-residents of the Republic of Kazakhstan - 4.53%.Investments in national currency amounted to 76.45% of the portfolio, in US dollars - 23.55%.As of April 1, 2025, the return on UAPF pension assets over the past 12 months, distributed to contributor (beneficiaries) accounts, was 13.85%.A detailed structure of the investment portfolio of financial instruments managed by Centras Securities JSC, indicating the issuers, is presented on the UAPF website.As of April 1, 2025, pension assets under the trust management of "Halyk Finance" SO of Halyk Bank of Kazakhstan JSC amounted to about KZT37.95 billion.The main investments in the portfolio structure are as follows: government securities of the Ministry of Finance of the Republic of Kazakhstan - 24.48%, corporate bonds of issuers of the Republic of Kazakhstan - 13.51%, corporate bonds of foreign issuers - 10.39%, bonds of second-tier banks of the Republic of Kazakhstan - 11.27%, units of Exchange Traded Funds (ETF) - 8.48%, government securities of foreign states - 8.76%, bonds of quasi-public organizations of the Republic of Kazakhstan - 6.49%, "reverse repo" (no more than 90 calendar days) - 5.31%.62.06% of the portfolio is invested in instruments in national currency, 37.94% in US dollars.As of April 1, 2025, the yield on UAPF pension assets over the past 12 months, distributed to contributors (beneficiaries) accounts, amounted to 14.88%.A detailed structure of the investment portfolio of financial instruments managed by "Halyk Finance" SO of Halyk Bank of Kazakhstan JSC with the indication of issuers is presented on the UAPF website.We remind you that from July 1, 2023, contributors can transfer no more than 50% of pension savings through compulsory pension contributions (CPC) and compulsory occupational pension contributions (COPC) to trust management without taking into account the minimum sufficiency threshold by the investment portfolio manager (IPM), choosing such a company independently. 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)  [1] excluding money in pension contribution and benefit accountsSource : https://www.gov.kz/memleket/entities/almobl-uigur/press/news/details/1014773?lang=kk

ANNOUNCEMENTThe return on pension assets for the last 12 months exceeds inflationAs of April 1, 2025, the return on pension assets managed by the National Bank of the Republic of Kazakhstan (NBRK), formed through mandatory, mandatory professional and voluntary contributions, for the last 12 months, distributed to the accounts of contributors (beneficiaries), was 11.99%, while the return on assets from employer’s mandatory pension contributions was 7.37%, with inflation at 10.00%.The investment income trend over the last 3 years shows steady growth with the return on pension assets exceeding the inflation rate.As is well known, the amount of investment income varies depending on the situation in the financial and currency markets. Several factors influence the level of investment income:Financial market conditions: prices of stocks, bonds, and other instruments can fluctuate, which affects the level of investment income. As a result of market revaluation of individual instruments during the year, the securities’ value changes are observed. Therefore, income from market revaluation can be either positive or negative in any given period. The value of securities is influenced by many external factors, such as an increase in geopolitical risks, changes in international trade, redistribution of financial flows, market conditions and changes in capital market activity, as well as macroeconomic indicators.Exchange rates: if investments are denominated in foreign currency, changes in exchange rates affect the amount of investment income. Fluctuations in investment income can be associated with increased volatility in the markets, including the foreign exchange market. As a result, either a positive or negative foreign exchange revaluation of pension assets occurs, leading to changes in investment income observed by contributors on their individual pension accounts.It is important to note that pension savings are long-term investments intended primarily to provide benefits after the end of employment. The pension assets of the fund have a long investment horizon and the main goal of investing is to achieve real returns over the long term. Therefore, to objectively assess the results of managing these assets, data for at least 1 year should be analyzed. This period allows for an evaluation of investment effectiveness in a long-term perspective. Short-term data (weekly, monthly, etc.) is not representative, as it depends on constant short-term changes in market conditions. Diversification of the investment portfolio, where income from some instruments offsets temporary losses from others, ensures the preservation and stable return of pension savings in the long term.Thus, in the medium and long term, a positive real return on pension savings, which exceeds accumulated inflation is ensured. Since the foundation of the fully funded pension system in 1998, as of April 1, 2025, on an accrual basis the accumulated return amounted to 958.64% with inflation for the whole period of 863.96%.The net investment income accumulated since 2014 (after the consolidation of pension assets in the UAPF) as of April 1, 2025, amounted to 11.38 trillion tenge. Taking into account the payments made, the share of accumulated net investment income in the total amount of pension savings of Kazakhstanis as of April 1, 2025, is 39.6%, which demonstrates the significant role of investment activities in the structure of savings of citizens.It should be reminded that in Kazakhstan there is a unique guarantee of safety of mandatory pension contributions taking into account the inflation rate. In cases of decrease in profitability in a particular period, which affected the accumulated profitability of the contributor at the onset of the right to payments, there is a guaranteed compensation for the difference by the state.The whole system of investment management and accounting of pension assets is transparent: each contributor has the opportunity to see his investment income in his personal cabinet on the website www.enpf.kz or in the mobile application.Information on investment management of the pension assets of the UAPF and its financial instruments in which the pension assets of the UAPF are placed is published on the official website of the UAPF (www.enpf.kz) in the section “Statistics and analytics/Investment management of pension assets”.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 mandatory pension contributions, employer’s mandatory pension contributions, mandatory professional 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/almobl-uigur/press/news/details/1014783?lang=kk