Official Press Release of Financial Chain Corporation December, 2024
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02.12.2024 Meeting between FCHAIN Georgia and Helio.AI.
FCHAIN Georgia’s HR Manager Tamta Minadze and HR Assistant Nako Nadibaidze had a meeting with Mariam Narimanidze – Sales Lead in Helio.AI. During the meeting a presentation was made on recruiting software and parties discussed potential future cooperation between FCHAIN and Helio.AI.
02.12.2024 Singapore’s Economic Outlook for the Next 5 Years
Singapore’s Economic Outlook for the Next 5 Years Thanks to decades of targeted policies and actions, Singapore has become one of Asia’s largest and most dynamic economies.
02.12.2024 Kazakhstan: news and accounting activities, December 2024
Amendments were made to the Rules for issuing residence permits to foreigners in the Republic of Kazakhstan.
03.12.2024 Economic forecast for Poland
After rebounding in 2024, Poland’s economy is set to expand at a faster rate in 2025. Growth is forecast to be supported by strong private consumption and investment, while net exports are expected to weigh on the economy.
03.12.2024 FCHAIN Team Met at Happy Monday: Energizing the Week Ahead
On the first Monday of every month, Financial Chain Corporation starts the working week by organizing refreshments for its employees.
03.12.2024 Kyrgyzstan and Azerbaijan ratified the agreement on the avoidance of double taxation
President of Kyrgyzstan Sadyr Japarov signed the law “On ratification of the Agreement between the Kyrgyz Republic and the Republic of Azerbaijan on the avoidance of double taxation with respect to taxes on income, the prevention of tax evasion and tax avoidance.”
03.12.2024 Türkiye’s Central Bank Revises Inflation Forecasts for 2025
The Central Bank of Türkiye (CBT) has significantly revised its inflation projections for 2025 and beyond. The new forecast for 2024 has been raised to 44% (from 38%), for 2025 to 21% (from 14%), and for 2026 to 12% (from 9%).
04.12.2024 FCHAIN in “SKYWIND” VERTICAL RUN RACE
The third Vertical Running Tournament, “SKYWIND,” organized by the Triterra Baku triathlon club and supported by the Ministry of Youth and Sports, took place in Baku. Participants ascended 33 floors (667 steps) to reach a height of 122 meters to cross the finish line.
04.12.2024 The International Day of Banks
The International Day of Banks, observed annually on December 4th, was established by the United Nations General Assembly in 2019. This day recognizes the significant role of banks in supporting sustainable development and contributing to the improvement of living standards globally.
04.12.2024 Tax payments in Kyrgyzstan are now credited in just half an hour
FCHAIN Kyrgyzstan office informs: The Tax Service of the Kyrgyz Republic has improved the process of receiving paid taxes and insurance premiums into the state budget. This was reported by the press service of the department.
05.12.2024 World Soil Day
December 5th marks World Soil Day, a global observance dedicated to raising awareness about the critical role soil plays in sustaining life on Earth. Spearheaded by the Food and Agriculture Organization (FAO) of the United Nations, this day emphasizes the importance of healthy soil and advocates for sustainable soil management practices.
05.12.2024 Salary growth in business service centers slows to around 5% in Poland
Wages in Poland’s business service centers are growing at less than 5% annually, a significant slowdown from the previous double-digit increases. Areas like IT and software development have seen wage growth stagnate, even falling below inflation rates.
06.12.2024 Malta tops European Commission’s economic growth forecast for 2025
The Maltese economy maintains its growth momentum on the back of strong domestic demand and export performance. “Tourism arrivals to Malta continue to grow, while the strong employment and recovering real wages are supporting consumption,” the European Commission said.
06.12.2024 FCHAIN Georgia to cooperate with Accountant Club Forum
On the occasion of the International Accountant’s Day – FCHAIN Georgia Office Director Ella Lekishvili and Chief Accountant Qetevan Varshanidze attended event organized by Accountant Club Forum. FCHAIN Georgia has signed memorandum with Accountant Club Forum hoping for fruitful and successful cooperation in future.
06.12.2024 FCHAIN Poland office informs: In Oct ‘24 Poland received €473.3 mln in EU funds
In October 2024, Poland received €473.3 million in EU funds, according to the Ministry of Finance. The net balance of Poland-EU financial settlements since the beginning of 2024 stands at €1.89 billion. Of the received funds, €244.76 million were allocated to the Cohesion Policy, and €17.6 million to the Common Agricultural Policy.
06.12.2024 CEO Breakfast Networking: Building Connections Over Morning Coffee
In the fast-paced corporate world, where every second counts, breakfast networking events with CEOs have emerged as a powerful platform to foster connections, share insights, and spark collaborations. A CEO breakfast is not just another meeting; it’s an opportunity to engage with top leadership in an informal yet impactful setting.
09.12.2024 ACCOUNTING, HR, EOR SERVICES FROM FCHAIN TAJIKISTAN
We are not selling our service, we are caring and guiding of our clients!
- Apple sells innovations, not phones
- Rolex sells status, not watches
- Lego sells creativity, not toys
- Nike sells motivation, not shoes
- Coca-Cola sells happiness, not drinks
- Tesla is selling the future, not cars
- FCHAIN sells peace of mind for business owners, not accounting services.
09.12.2024 OECD sees Polish GDP growth at 3.4 pct in 2025
FCHAIN Poland office informs: Poland’s GDP is expected to rise by 3.4 percent in 2025, the Organisation for Economic Cooperation and Development (OECD) wrote in its latest Economic Outlook. “Private consumption should grow, supported by real wage growth and gradually decreasing interest rates,” the authors wrote.
10.12.2024 Kazakhstan: reducing the quota for issuing work permits from 2025
The Ministry of Labor of the Republic of Kazakhstan revised the size of the quota for foreign labor force for labor activities in the territory of the Republic of Kazakhstan for 2025 as a percentage of the number of the labor force:
- on permits issued by the local executive body to the employer in the amount of 0.2% (in 2024 it was 0.23%);
- on hiring labor immigrants in the amount of 3% (in 2024 it was 3.1%).
FCHAIN Poland Country Manager Aynura Aliyeva attended International Trade Fair for Coatings, Paints and Surface Protection and Central Agricultural Fair in Warsaw. Central Agricultural Fair in Central and Eastern Europe is the largest event dedicated to modern technologies for agriculture, which year by year confirms its leading position not only in Poland, but also abroad.
11.12.2024 New Partnership between FCHAIN Tajikistan and the globally renowned brand LC Waikiki
We are thrilled to announce an exciting new partnership between FCHAIN Tajikistan and the globally renowned brand LC Waikiki! We really appreciate your trust in the company’s expertise and for choosing to delegate your account needs to Financial Chain Corporation Tajikistan. Together, we look forward to building a successful and enduring collaboration.
FCHAIN Georgia office informs: “According to preliminary data, the volume of foreign direct investments in Georgia in the third quarter of 2024 amounted to 197.7 million USD, which is 55.2 percent less than the revised data for the third quarter of 2023.
12.12.2024 Universal Health Coverage (UHC) Day
Universal Health Coverage (UHC) Day is observed annually on December 12. It serves as a global rallying point to raise awareness about the importance of ensuring that everyone, everywhere, has access to affordable, quality healthcare without financial hardship.
13.12.2024 Republic Day in Malta: A Celebration of Sovereignty
Republic Day, celebrated annually on December 13th, is one of Malta’s most significant national holidays. It marks the historic day in 1974 when Malta transitioned from a constitutional monarchy to a republic.
16.12.2024 Happy Independence Day of The Republic of Kazakhstan!
The Independence Day of the Republic of Kazakhstan is celebrated annually on December 16th, marking the country’s declaration of independence in 1991. This day holds great significance as it symbolizes the rebirth of Kazakhstan as a sovereign nation. May this day remind us all of the strength, unity, and pride of the Kazakh people.
16.12.2024 FCHAIN sponsored the 8th Open Rhythmic Gymnastics Championship “Winter Miracle”.
This time, the harmony of health and beauty met at one point. On December 15, the 8th Open Rhythmic Gymnastics Championship “Winter Miracle” was held under the organization of Pro Sport Gymnastics Club and the main sponsorship of FCHAIN, which brought together 150 local and foreign athletes.
17.12.2024 ESG (Environmental, Social and Governance) for Business
A training for consultants on ESG organized by EBRD was held on December 11th at Hilton Hotel in Dushanbe, Tajikistan. Nodira Kalonova, Country Manager of FCHAIN Tajikistan attended the training.
18.12.2024 One Question – One Answer: What is KPI?
Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively an individual, team, or organization is achieving a specific goal. KPIs are used to track progress and assess performance over time, helping decision-makers focus on areas that need improvement.
18.12.2024 The First International “Caspian Innovation Forum”
The 1st International “Caspian Innovation Forum” was held in Baku by Caspian Energy Club and Valid Huseynov, FCHAIN Deputy General Director and Gunel Musa, Public Relations Manager represented Financial Chain Corporation at the forum.
19.12.2024 New Labor Code in Kyrgyzstan – Days off falling on statutory holidays not to be carried over
FCHAIN Kyrgyzstan office informs: The Parliamentary Committee on Social Policy in Kyrgyzstan approved the draft of the new Labor Code in the second and third readings. The document contains changes to the calendar of holidays and working days, as well as updates of compensation package.
19.12.2024 Türkiye aims to invest $100bn in renewable energy by 2035.
Türkiye is committing to a $100 billion investment in renewable energy by 2035, in a bid to become a carbon-neutral economy within the next three decades, energy minister Alparslan Bayraktar said. The country has a roadmap to expand wind and solar energy capacity from 31,000 megawatts (MW) to 120,000MW by 2035.
20.12.2024 Human Solidarity Day
Human Solidarity Day is observed annually on December 20th and was established by the United Nations to promote unity in diversity, encourage the reduction of global inequalities, and celebrate acts of solidarity across nations and communities. It serves as a reminder of the importance of working together to achieve the
23.12.2024 Senate makes changes to budget, assumes deficit of PLN 288.77 bln
FCHAIN Poland office informs: The Polish Senate approved adjustments to the 2025 budget, forecasting revenues of PLN 632.85 billion, expenditures of PLN 921.62 billion, and a deficit of PLN 288.77 billion. Key allocations include PLN 124.3 billion for defense, PLN 24.2 billion for pension adjustments, and PLN 62.8 billion for the “Rodzina 800+” program.
23.12.2024 Bishkek hosted AmCham GALA 2024: evening of innovation and business partnerships
On December 12, 2024, the long-awaited event, AmCham Gala 2024, was held at the Hyatt Regency Bishkek, which became the culmination of the year for members and partners of the American Chamber of Commerce in the Kyrgyz Republic.
A meeting between the Prime Minister of Tajikistan Kohir Rasulzoda and the Minister of Ecology and Natural Resources of Azerbaijan Mukhtar Babayev took place in Dushanbe. During the negotiations, the parties expressed satisfaction with the current level of cooperation between the two countries and emphasized its development on the basis of mutual respect.
24.12.2024 FCHAIN in “President’s Cup” in Guba city
For the first time in Azerbaijan’s independence era, a full-distance marathon for the President’s Cup was held by the Ministry of Youth and Sports, Azerbaijan Athletics Federation and Zafar Running Club in Guba city of Azerbaijan. Financial Chain Corporation, which always supports the development of sports in the country, sponsored the marathon.
24.12.2024 Kazakhstan: changes in tax rates and deductions in 2025
Deductions and limits for determining the application of special tax treatment (STT) and for calculating payroll taxes and contributions will change due to the increase in regulated calculation figures.
24.12.2024 Finance Minister of Poland: zloty exchange rate is too high for exporters
Finance Minister of Poland Andrzej Domański stated that the Polish złoty remains at a level unfavorable for exporters, limiting the potential for export-driven economic growth. He attributed the situation partly to the weak economic performance of the Eurozone, with low PMI indicators negatively impacting the EUR/PLN exchange rate.
25.12.2024 Merry Christmas and Happy New Year!
Dear FCHAIN Team, As we celebrate this festive season, let’s take a moment to appreciate the hard work, dedication, and camaraderie that make our company so special. May your holidays be filled with joy, love, and time spent with loved ones. Here’s a successful and exciting year ahead.
27.12.2024 Kyrgyzstan introduces new requirements for foreign citizens
FCHAIN Kyrgyzstan office informs: Labor Ministry introduces new rules for foreigners wishing to work in Kyrgyzstan. The process of obtaining work permits for foreign citizens in Kyrgyzstan will change starting from January 1, 2025, the Ministry of Labor announced. Under the new system, all documents can now be submitted through evisa.e-gov.kg portal based on «Single Window» principle.
27.12.2024 Kazakhstan joins the International Association of Bankruptcy Regulators
On December 21, 2024 Kazakhstan officially joined the International Association of Bankruptcy Regulators, FChain Kazakhstan reports with reference to the press-service of the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan.
27.12.2024 Uzbekistan economic growth forecasts 6.0% in 2025, 6.3% by 2027
Uzbekistan’s government has released its macroeconomic forecast for 2025, projecting a 6.0% economic growth rate. Growth is expected to reach 6.1% in 2026 and 6.3% in 2027. These figures reflect continued progress across key sectors, supported by targeted reforms and investments, despite global economic challenges and inflationary pressures.
28.12.2024 Final CEO Breakfast of 2024 by Caspian Energy Club
FCHAIN Managing Partner Zaur Gadirov, Deputy General Director Valid Huseynov, and Public Relations Manager Gunel Musa represented Financial Chain Corporation at the Final CEO Breakfast of 2024 by the Caspian Energy Club. As a Diamond Member of the Caspian Energy Club, FCHAIN representatives actively participated in the CEO Breakfast series organized by the Caspian Energy Club throughout 2024.
GDP growth is set to pick up from 1 % in 2024 to 2.4 % in 2025 and 2.6 % in 2026. The recovery in real disposable incomes will support stronger consumer demand. Investment will be bolstered by easing financial conditions and the stronger use of EU funds.
29.12.2024 FCHAIN was awarded the 11th International “Caspian Business Award 2024”
The 11th International “Caspian Business Award 2024” ceremony, dedicated to the “Year of Solidarity for the Green World” and the 25th anniversary of the “Caspian Energy” brand, and International Solidarity Day of Azerbaijanis was held in the “Gulustan” palace.
29.12.2024 FCHAIN Managing Partner Zaur Gadirov’s message to the team on the eve of the NEW Year
Dear Team, As we bid farewell to 2024 and step into 2025, I find it essential to pause and reflect on the incredible journey we’ve undertaken together. This past year has been a testament to the resilience, determination, and innovative spirit that define each member of our team.
31.12.2024 Happy International Solidarity Day of Azerbaijanis and the New Year!
The International Solidarity Day of Azerbaijanis is celebrated annually on December 31. This day symbolizes the unity, cultural heritage, and solidarity of Azerbaijanis around the world. The holiday emphasizes the importance of preserving Azerbaijani traditions, language, and identity, while also fostering connections among Azerbaijani communities globally.
