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01.08.2024 Kazakhstan: News and Accounting Activities, August 2024
- The draft of the new Tax Code for 2025 has been put up for discussion. It was assumed that the new Tax Code will be easier to use and will take into account the suggestions of entrepreneurs. However, the Code has become larger than the current one and many innovations met negative reaction instead of acceptance from entrepreneurs;
- Rules for issuing temporary and permanent residence permits to foreigners and stateless persons in the Republic of Kazakhstan have been amended;
01.08.2024 Lasha Bekauri from Georgia takes home second straight Olympic Gold Medal in men’s -90kg
Lasha Bekauri of Georgia captured gold in men’s judo -90kg at the Olympic Games Paris 2024 by a final tally of 10-1, as Japan’s Murao Sanshiro took home the silver.
02.08.2024 World Bank Approves $600 Million Loan for Türkiye
FCHAIN Türkiye Office informs:
Treasury and Finance Minister Mehmet Şimşek announced that the World Bank has approved a $600 million loan to be used for the reconstruction of small industrial sites affected by the February 6 earthquakes. He stated, “With this loan, the total amount of financing approved by the World Bank for our country in 2024 has approached $3.7 billion.”
Employees of FCHAIN Georgia Nino Tkemaladze and Jarji Topuria attended informational meeting organized by SARAS (Service for Accounting, Reporting and Auditing Supervision).
02.08.2024 Paris 2024 judo: Zelym Kotsoiev takes -100kg men’s gold for Azerbaijan in clash of titans
The -100kg Paris 2024 judo final was truly a battle of the titans.
Their head-to-head record going in to Paris was 2-2, and the Olympic final would become the ultimate tiebreaker.
05.08.2024 Happy Monday! Happy FCHAIN Team!
As Financial Chain Corporation always pays a special attention to the motivation of its team, today “Happy Monday” was held at the company at the start of the work week.
06.08.2024 Tax Reduction on Plug-in Hybrid Vehicles in Türkiye
According to Law No. 7521 on amendments to certain laws and decrees, plug-in hybrid electric vehicles with a combined weighted CO2 emissions of less than 25 grams per kilometer and an all-electric range of 70 km or more will be subject to the following SCT rates:
- For vehicles with a motor capacity not exceeding 1,600 cm³ and an SCT base value not exceeding 1.35 million TL, the SCT will be 30%.
- For vehicles with a motor capacity not exceeding 1,600 cm³ and an SCT base value exceeding this amount, the SCT will be 60%.
At the meeting of FCHAIN PR Manager and Georgia Country Manager discussed were the issues on Public Relations Strategy of Financial Chain Corporation and specific details of PR and Marketing in Georgia.
09.08.2024 FCHAIN Congratulates on the National Day of Singapore
National Day, sometimes known internationally as Singapore Independence Day, is a major public holiday in Singapore which commemorates an independent and sovereign Republic of Singapore.
The HIT-30 High Technology Investment Program has turned the summer season into a time for technology and investment in the automotive sector.
FCHAIN Türkiye Office informs that Şekib Avdagiç, President of the Istanbul Chamber of Commerce (ITO), provided an evaluation of the HIT-Battery Call and HIT Electric Vehicles Call incentives within the HIT-30 High Technology Investment Program, which was introduced with the participation of President Recep Tayyip Erdoğan.
12.08.2024 We Can Make The World Better, Cleaner, And Safer Together!
FCHAIN’s Mission to protect Biodiversity:
- To save nature by reducing the use of hard copies, sending waste paper products for
recycling, and planting new trees. - To save the animal world, we create houses for homeless animals so that they can live more
comfortably and safely. Thus, animals will tolerate uncomfortable climatic conditions
more calmly. - To save our planet from plastic. Our planet is suffering more and more from our waste. We contribute to the reduction of the use of plastic goods and give the collected plastics for
- To switch to an alternative source of energy and thus preserve the resources of our planet,
- To use eco-friendly transport in the logistics company.
The inflation rate for July was announced by the Turkish Statistical Institute (TÜİK). The figures for consumer inflation (TÜFE) and producer inflation (Yİ-ÜFE) were revealed. TÜFE was reported to have increased by 61.78% year-on-year and 3.23% month-on-month.
The Consumer Price Index (TÜFE) increased by 61.78% annually and 3.23% monthly.
15.08.2024 Stock market dropped, Gold reached a peak in Türkiye
FCHAIN Türkiye Office informs:
Last week, along with global markets, Borsa Istanbul finished the week with a significant drop. The stock market, which rose sharply on Thursday, experienced a loss of approximately 3% on Friday. Meanwhile, gold reached a new peak, surpassing the 2,600 lira level. With tensions in the Middle East and the FED’s interest rate announcements influencing the markets, what can we expect in the new week?
15.08.2024 Poland’s Aleksandra Miroslaw gets gold medal in speed climbing in the Paris Olympics
Aleksandra Mirosław celebrates winning Poland’s first gold medal of the Paris Olympics.
Aleksandra Mirosław was stood poised at the base of a 15-meter climbing wall, waiting for three pips of a buzzer to signal the start of her race. Six seconds later, she was an Olympic champion.
Saturday night in Paris saw a celebratory atmosphere at the South Paris Arena for the men’s +102kg weightlifting final. And it was Georgia’s Lasha Talakhadze defending his gold medal at the Olympic Games Paris 2024. The three-time Olympic champion took the win with a 215kg snatch and the heaviest clean & jerk of 255kg to finish with a 470kg total.
16.08.2024 Turkish Central Bank keeps year-end inflation projection of 38%
The Turkish Central Bank maintained its earlier inflation forecast for the end of the year. Governor Fatih Karahan stated that the bank expects domestic demand to continue weakening due to current monetary policy.
16.08.2024 Paris 2024 Canoe Sprint: Czechia’s Martin Fuksa and Josef Dostal wins gold
Czechia’s Martin Fuksa claimed the gold medal he has long been craving after winning the men’s canoe single 1000m final at Paris 2024.
Also, Czechia’s Josef Dostal added gold to his Olympic collection after winning the men’s kayak single 1000m final at Paris 2024.
19.08.2024 Türkiye’s Instagram ban impacts $57 million-a-day e-commerce trade
FCHAIN Türkiye Office Informs:
President Recep Tayyip Erdogan hit out at social media platforms after his government blocked Instagram
· Platform blocked
· Officials in talks with Meta
· 50 million active users
22.08.2024 FСHAIN moved to a new office in Almaty
FCHAIN Kazakhstan, a leading player in accounting, tax, legal, migration and HR services, has announced the opening of its new office in Almaty, Kazakhstan. This strategic expansion marks a significant milestone in the company’s growth, reinforcing its commitment to providing top-tier financial consulting, accounting, and legal services to businesses across country.
22.08.2024 Azerbaijan National Olympic Team finished the Paris Olympics with 7 medals
Azerbaijan National Olympic Team finished the Paris Olympics with 7 medals – 2 gold, 2 silver and 3 bronze.
22.08.2024 Georgia finishes Paris 2024 Olympics with 7 medals
Georgia finished the Paris Olympics with a total of 7 medals and 24th place in the overall team standings.
22.08.2024 Türkiye hikes customs duties on overseas ecommerce sales
Online shoppers in Türkiye will pay higher duties on imported goods
- Online duties raised to 30% and 60%
- Restrictions on value and weight
- Aims to defend domestic market share
22.08.2024 Paris Olympics final medal count: Kazakh athletes win 7 medals
Kazakhstan’s olympic team took 43rd place in the medal standings, winning 1 gold, 3 silver and 3 bronze medals.
23.08.2024 FCHAIN Türkiye Office Informs: Exit Fee for Leaving the Country Increased to 500 TL
Under the law that includes regulations related to tax and social security, the exit fee for individuals leaving the Türkiye will be raised to 500 liras per exit.
23.08.2024 Czechia finished the Paris Olympics with 5 medals – 3 gold and 2 bronze
The Czech Republic left Paris with a total of five Olympic medals – 3 gold and 2 bronze, the least number of medals in the history of the country since 1932 Summer Olympics.
26.08.2024. Financial Chain Corporation’s HR Team on Ismayilli Tour by HRENGINEERING
The tour which was attended by FCHAIN’s HR team was a great chance to boost morale, encourage collaboration, and strengthen relationships within HR Professionals.
HRs having wonderful moments in Ismayilli’s mysterious nature also carried out successful networking, exchanged their knowledge and experience on specific topics.
The Kyrgyzstanis won 2 silver and 4 bronze medals, and also set two national records in the Summer Olympic Games in Paris.
They took the 68th place in the team scoring.
26.08.2024 Türkiye Olympic Team finished the Paris Olympics with 8 medals
Türkiye finished the Summer Olympic Games with 3 silver and 5 bronze medals.
Türkiye won 2 silver and 1 bronze medal in women’s boxing. Hatice Akbaş and Buse Naz Çakıroğlu lost in their final matches, earning silver medals, while Esra Yıldız Kahraman secured a bronze medal by winning her third-place match.
27.08.2024 Czech crown will strengthen in the next 12 months
FCHAIN Czechia office informs: A falling year-on-year inflation rate and higher investor confidence are improving the crown’s value, despite lower interest rates.
The Czech crown is expected to strengthen against the euro over the next year. Amid higher investor confidence, the survey projects that the crown will rise from its current exchange rate of about EUR 1: CZK 25.2 to CZK 24.6 within 12 months. This anticipated appreciation comes amid mixed forecasts for Central European currencies, with the Polish zloty expected to strengthen and Hungarian forint projected to weaken against the euro.
27.08.2024 Paris 2024 marks Uzbekistan’s most successful Olympics
The Paris 2024 Summer Olympic Games have become the pinnacle of Uzbekistan’s sports history, marking the country’s most successful Olympic performance to date.
At the 33rd Summer Olympic Games in Paris, Uzbekistan made a historic impact by securing 13 podium finishes, including eight gold, two silver, and three bronze medals, with 90 athletes representing the nation across 19 sports.
28.08.2024 Kazakhstan: subsidies and benefits for investors in the construction of sugar mills
State support in the form of subsidies, tax benefits, provision of land with ready-made infrastructure, access to favorable credit resources will be provided to investors wishing to build sugar factories in Kazakhstan.
It is noted that the existing capacities of sugar factories are already struggling to cope with the growing volumes of sugar beet harvest.
28.08.2024 Short-Term Insurance Premium Rate Set at 2.25% in Türkiye
The law will address discrepancies in the application of Special Consumption Tax (ÖTV) for certain goods imported by national security organizations.
The restriction on the minimum fixed tax amount for some tobacco products, previously set at “up to 20%,” will be removed. Instead, a fixed tax will be applicable based on the minimum fixed tax amount for the product per unit package.
Financial Chain Corporation always pays special attention and care to the development of sports and is successfully represented in the implementation of projects in this direction. The goal is to promote a healthy lifestyle and increase interest in sports and support young athletes.
One of the best examples of FCHAIN’s approach to sports in our country is the sponsorship support to the young and talented gymnast Zuleykha Shabanova.
29.08.2024 Increase in Bridge and Highway Tolls in Türkiye
FCHAIN Türkiye office informs: New price tariffs have been introduced for bridge and highway tolls. According to the new rates, crossing the Osmangazi Bridge will now cost 555 TL for cars, while the toll for the 1915 Çanakkale Bridge has been set at 585 TL. The toll for the Istanbul-Izmir motorway, including the Osmangazi Bridge crossing, has increased to 1370 TL.
30.08.2024 Kazakhstan, Happy Constitution Day!
Constitution Day in Kazakhstan, celebrated on August 30th, marks the adoption of the country’s Constitution in 1995. This foundational legal document establishes Kazakhstan as a democratic, secular, and unitary state. The day is significant for reflecting on national unity, the rule of law, and the values of independence.
30.08.2024 30 August – Victory Day in Türkiye!
Victory Day, is a national holiday celebrated in Türkiye on August 30th each year.
That day holds great importance in Turkish history as it signifies the triumph of the Turkish nation over foreign invaders and the establishment of the Republic of Türkiye.
