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02.04.2024 KAZAKHSTAN: NEWS AND ACCOUNTING ACTIVITIES, APRIL 2024
- The President of the Republic of Kazakhstan signed amendments to the Law on Transfer Pricing;
- Register of goods of Kazakhstani origin to replace the Industrial Certificate and ST KZ will be created;
- VAT refund procedure has been simplified;
- A large-scale work on digital transformation of tax and customs administration is being carried out by the Government of the Republic of Kazakhstan, the result of this work will be the creation of a unified digital system for business;
- Grants for the realization of business ideas will start to be issued from April 8, 2024.
04.04.2024 MUSICAL AND POETIC EVENING “LIGHTS OF AZERBAIJAN” TOOK PLACE IN PRAGUE
Musical and poetic evening “Lights of Azerbaijan” took place in Prague, Czechia. Organized by poetess Leyla Begim – member of the Union of Writers of Azerbaijan, the British Poetry Society, the European Congress of Writers and the founder of the “Natavan” society.
The Central Bank of the Republic of Turkey (CBRT) announced its interest rate decision following the meeting of the Monetary Policy Committee (MPC). The policy rate was raised from 45% to 50% with a 500 basis point increase.
04.4.2024 NETWORKING UNVEILED: A RECAP OF THE DYNAMIC BUSINESS SYMPOSIUM
In today’s interconnected world, the power of networking cannot be overstated. It’s the catalyst that propels careers, sparks collaborations, and fosters innovation. Recently, Shahhana Begum, Country Manager of FCHAIN’s Singapore Office attended a captivating business networking event, the Dynamic Business Symposium, where professionals from diverse industries converged to exchange ideas, forge connections, and explore opportunities.
04.04.2024 FCHAIN’S GEORGIAN OFFICE INFORMS
The Georgian economy grew by 9.5 percent year-on-year in February, while the average real gross domestic product growth for January-February equalled 7.7 percent, the National Statistics Office said.
05.04.2024 IMPORTANT CHANGES IN OBTAINING AN INDIVIDUAL IDENTIFICATION NUMBER OF THE REPUBLIC OF KAZAKHSTAN
The Ministry of Foreign Affairs and the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan issued a joint order to launch a pilot project: obtaining an Individual Identification Number (IIN) has become available in Kazakhstan’s foreign institutions. The pilot project will be launched on April 13, 2024 and will run until December 31, 2024. IIN is required for foreign citizens who plan to register a legal entity in Kazakhstan or for employment in a Kazakhstani company.
08.04.2024 BAHRAM BAGHIRZADEH’S BOOKS ARE PUT ON SALE IN “KOSMAS” AND “ACADEMIA” BOOKSTORES OF CZECHIA
The children’s books “Baku for Children,” Shusha for Children,” “Prague for Children,” and “Christian Churches in Azerbaijan” by Bahram Baghirzadeh, a member of the Club of the Cheerful and Sharp-witted (CCS) team “Guys from Baku,” an Honoured Artist of the Azerbaijan Republic are put on sale in the Czech Republic.
Chairman: Top priority of 18th international Caspian Investment Forum 2024 is to establish successful business ties between Czech and Azerbaijani companies.
“The top priority of the forth-coming 18th international Caspian Investment Forum 2024 is to establish successful business ties between Czech and Azerbaijani companies, as well as expand business dealings in all countries where Caspian Energy Club is present,” Managing Partner of Financial Chain Corporation, Chairman of the Board of Caspian Energy Club Czechia Zaur Gadirov emphasized in the interview given to media.
09.04.2024 GREAT VICTORY! ZULEYKHA SHABANOVA, OFFICIALLY SPONSORED BY FCHAIN, WON 5 GOLD MEDALS IN GEORGIA!
On April 6-7, with the Financial Chain Corporation’s support, Pro Sport Gymnastics Club participated in the International Gymnastics Tournament “Venera Cup” in Tbilisi, Georgia. About 250 gymnasts starting from 3 years old from 7 countries participated in the competition. Pro Sport participated with a large team, 29 gymnasts managed to stand out in the competition with their individual and group performances in different categories.
15.04.2024 KAZAKHSTAN: IMPORTANT UPDATES IN FRAMES OF TRANSFER PRICING
The Head of the Republic signed the Law of the Republic of Kazakhstan “On introducing amendments and additions to some legislative acts of the Republic of Kazakhstan on transfer pricing”.
15.04.2024 FCHAIN TURKEY OFFICE INFORMS: A NEW OMNIBUS LAW AND TAX REGULATIONS IN TURKEY
The purpose of the law is to encourage investment in Turkish lira, protect taxpayer rights, increase voluntary tax compliance, transfer some practices to electronic platforms utilizing advancing technology, ensure tax security, make some tax deductions, and ensure compliance with the decisions of the Constitutional Court by making some tax regulatory adjustments.
16.04.2024 CZECH CROWN WILL BE STRONGEST-GROWING CURRENCY IN CEE THIS YEAR
A more stable economy compared to 2023 and a high foreign trade surplus should boost the Czech crown to under EUR 1: CZK 24, analysts say.
17.04.2024 GEORGIA HAS MADE NOTABLE GAINS IN INCOME GROWTH AND POVERTY REDUCTION IN THE PAST DECADE
FCHAIN Georgian Office informs that the World Bank on Thursday published the Macro Poverty Outlook report of Europe and Central Asia, highlighting that Georgia has made notable gains in income growth and poverty reduction in the past decade.
18.04.2024 FCHAIN IS FULLY READY TO OPERATE IN WARSAW, POLAND
Financial Chain Corporation, a renowned global consulting company with 14 branches worldwide specializing in business services and outsourcing, audit and assurance, financial audit, legal services etc. announces the readiness of its branch in Warsaw, Poland.
18.04.2024 KYRGYZSTAN PROPOSED TO BECOME A LINK IN TRADE BETWEEN AZERBAIJAN AND CHINA
Kyrgyzstan can become a link between Azerbaijan and China for the delivery of goods, thereby opening the way to Turkey and European countries. It was stated by the Chairman of the Customs Service of the Kyrgyz Republic Samat Isabekov at the Caspian Investment Forum Bishkek held on April 17th, 2024.
19.04.2024 EOR SERVICES FROM FCHAIN TAJIKISTAN
EOR services from FCHAIN Tajikistan allow you to hire remote, international, or contingent workers without having to set up a legal entity and navigate the complexities of legal compliance in each location you want to hire in. Refers to third-party providers that serve as legal employers for your contingent or international workforce we handle a range of responsibilities.
19.04.2024 DBS-SMU SURVEY UNCOVERS DIVERGENT VIEWS ON INFLATION IN SINGAPORE
Insights from the latest Singapore Index of Inflation Expectations Survey (SinDEx), jointly conducted by DBS and Singapore Management University (SMU), reveal a nuanced outlook on inflation among Singaporeans.
19.04.2024 GREAT IT BUSINESS FORUM IN KAZAKHSTAN
Director of FCHAIN Kazakhstan Yekaterina Kassumova visited the IT business forum, organized by one of the leading companies in the industry – Anderson.
According to the Presidential Decree dated 25.11.2023, as of 01.01.2024, the minimum capital amounts regulated in the Turkish Commercial Code for anonymous and limited companies was increased.
22.04.2024 EMBRACING THE CHALLENGE
Legal Advisor of FChain Kazakhstan Sergey Gaidarov participated in Almaty Half Marathon,10 km Running Event. Sergey ran 10 km in 57 minutes, showing an excellent result.
24.04.2024 FCHAIN TEAM AT “CEO MEET UP: HSE DAY”
Financial Chain Corporation’s representatives led by Valid Huseynov, FCHAIN Deputy General Director attended “CEO MEET UP: HSE DAY” event dedicated to the World Labor Protection Day held on April 23 at “The Ritz-Carlton Baku” hotel under the joint organization of Azerbaijan Industrial Safety Association and Caspian Energy Club.
25.04.2024 FCHAIN IS ALSO AT THE “5TH PROMOTIONAL EXHIBITION OF LOCAL COMPANIES”
Financial Chain Corporation will attend on June 24-26, the “5th Promotional Exhibition of Local Companies” to be held under the joint organization of Small and Medium Business Development Agency and Marsol Group.
25.04.2024 THE WORLD BANK WILL PROVIDE TURKEY WITH AN ADDITIONAL $18 BILLION IN FINANCING
FCHAIN Turkey Office informs that it is stated: the World Bank has decided to increase the amount of funds transferred to Turkey following the announcement of the Medium-Term Program, adding $18 billion more to the ongoing $17 billion program, raising it to $35 billion.
26.04.2024 STREAMLINE YOUR PAYROLL PROCESSES WITH OUTSOURCED SERVICES IN TAJIKISTAN FROM FCHAIN
Managing payroll can be a daunting task, especially when expanding your business into new markets and you have a big staff. That’s where outsourcing comes in. At FCHAIN, we offer comprehensive payroll services tailored to the unique needs of businesses operating in Tajikistan, allowing you to focus on what you do best while we take care of the rest.
29.04.2024 SINGAPORE’S LOW INFLATION FACES UNCERTAINTY IN 2Q24 AMID GLOBAL COMMODITY PRICES SURGE
Singapore’s inflation, which dipped to 2.7% in March, might not remain subdued in the second quarter of 2024 due to surging global commodity prices, according to experts.
29.04.2024 THE CENTRAL BANK INTEREST RATE DECISION HAS BEEN ANNOUNCED FOR APRIL 2024
Last month, at the Monetary Policy Committee (MPC) meeting, the policy rate was increased by 500 basis points to 50 percent. Economists had previously disclosed their expectations regarding the policy rate, which was eagerly awaited by investors in the dollar, gold, stock market, and bank deposit interest. So, what was the Central Bank’s interest rate decision? Here is the April 2024 MPC interest rate decision.
30.04.2024 THE STOCK MARKET SAW A RECORD LEVEL
The BIST 100 index on the Borsa Istanbul reached a record level of 9,907.38 points. Surpassing the all-time high level with 9,907.38 points, the BIST 100 index stood at 9,883.45, marking a gain of 166.67 points and 1.72 percent compared to the previous closing. The total trading volume amounted to 51.6 billion Turkish liras.
