We are entirely responsible for the content and its accuracy and are ready to disclaim or correct any wrong or scammy information we are answerable for. Do not hesitate to contact us if you have any questions, please.
01.07.2024 Kazakhstan: News and Accounting Activities, July 2024
- The draft extended list of vehicles and agricultural machinery and their components subject to VAT exemption was submitted for discussion.
- Kazakhstan will launch a pilot project on liquidation of legal entities in automatic mode from 1st of July.
Financial Chain Corporation’s Human Resources Department Manager Nargiz Afandiyeva attended the event “Sustainable Business Practices: Integrating ESG into Corporate Strategy”.
02.07.2024 Leaders Magazine and Financial Chain Corporation Announce Advertising Partnership
The Czech and Slovak business magazine Leaders is pleased to announce a strategic advertising partnership with Financial Chain Corporation (FCHAIN), a leading international player in the financial and accounting services sector. This collaboration opens new opportunities for both parties and underscores the commitment of Leaders and FCHAIN to business development and knowledge exchange on a global scale.
02.07.2024 Financial Chain Corporation Appointed New Country Manager
We would like to announce a new appointment and want to bring to your attention that Mateusz Gajewicz will represent Financial Chain Corporation as Country Manager in Poland.
The rapid adoption of artificial intelligence (AI) across South-east Asia has ignited a fierce race to tap into the region’s talent pool. However, a limited supply of skilled practitioners is presenting significant challenges for businesses eager to leverage this transformative technology. As the AI race heats up globally, with the US leading the charge, industry watchers believe that South-east Asia can carve out its niche through context-specific innovations and strategic initiatives.
03.07.2024 The Relevance of Green Investments to Singapore: A Sustainable Future
In recent years, green finance has gained significant traction globally, and Singapore is no exception. As a leading financial hub in Asia, Singapore is uniquely positioned to leverage green investments to foster sustainable development. In this context, the insights shared by Professor Lawrence Loh from the NUS Business School in “Money Talks” are particularly relevant. This article explores how green finance is shaping Singapore’s economic landscape, the opportunities it presents, and the steps the city-state is taking to become a leader in sustainable finance.
03.07.2024 FCHAIN at the Business Party by Marsol Group
Marsol Group held a business party at Fairmont Baku, Flame Towers, Nizami Hall on the occasion of the “5th Promotional Exhibition of Local Companies”.
04.07.2024 Business Leaders Gathered at the Grand CEO Cocktail Held by Caspian Energy Club
Zaur Gadirov, Managing Partner of Financial Chain Corporation and Gunel Musa Public Relations Manager were among the guests of the Grand CEO Cocktail which was great opportunity for successful networking.
04.07.2024 Economists Uphold 2.4% Full-Year GDP Growth for Singapore in Q2
FCHAIN Singapore Office Informs: Economists uphold 2.4% full-year GDP growth for Singapore in Q2. Next year, they expect the economy to grow by 2.5%. Despite a stronger-than-forecast expansion in Q1 2024, economists and analysts held their 2.4% full-year economic growth prediction for Singapore in Q2 2024.
11.07.2024 Better Future with Healthy Youth
Financial Chain Corporation, a global consulting company that has been gradually operating in 15 countries since 2002, always supports the development of sports in the country. As you know, in addition to sponsoring “Pro Sport Club”, FCHAIN is also the official sponsor of the club’s young and talented gymnast Zuleykha Shabanova.
12.07.2024 Changes to the Tax Code of Kazakhstan: will Goods in Online Stores Become More Expensive
Significant changes to the Tax Code aimed at regulating taxation of Internet platforms will come into force in Kazakhstan from September 1, 2024. These innovations apply to both local and foreign companies operating in the digital economy.
12.07.2024 Central Europe’s New Silicon Valley? US Giant Announces Major Investment in Czech Town
The highest investment by any company made into Czechia ever, the CZK 46 billion from the US manufacturer will go towards a semiconductor power plant. U.S. manufacturing company onsemi has announced it will invest USD 2 billion (CZK 46.3 billion) in expanding production at its plant in Rožnov pod Radhoštěm, Zlín. This marks the highest company-related investment in the modern history of the Czech Republic, according to Prime Minister Petr Fiala.
15.07.2024 Türkiye Celebrates Democracy and National Unity Day
Türkiye celebrates one of the public holidays Democracy and National Unity Day of Türkiye, commemorating the national unity against the coup d’état attempt for democracy.
15.07.2024 Turkish Economy Grows 5.7% in Q1 2024
In the first quarter of 2024, Türkiye demonstrated impressive economic performance, securing its position among the fastest-growing economies worldwide. according to recent data from TurkStat, Türkiye’s year-on-year GDP growth rate reached 5.7%, placing it ahead of many other emerging markets.
15.07.2024 Poland Inflation Confirmed at 2.6%
Poland’s annual inflation rate ticked up to 2.6% in June 2024 from 2.5% in the previous month, matching preliminary estimates, the final reading showed.
16.07.2024 1st Albaraka Summit Explores Global Prospects for Islamic Economics
The 1st AlBaraka Summit convened in Istanbul in a strategic partnership with the Investment Office, Türkiye Wealth Fund, Istanbul Financial Center, Ibn Haldun University, and the Islamic Cooperation Youth Forum under the theme “Global Prospects for Islamic Economics: Fundamentals and Needs”.
18.07.2024 FCHAIN Kazakhstan Fifth Anniversary
Founded on 1st of July, 2019 in Kazakhstan, branch of international company Financial Chain Corporation has grown rapidly, offering services such as accounting, tax consulting, financial and legal advisory.
18.07.2024 FCHAIN in “CEO Meetup Logistics & Trade”
Financial Chain Corporation attended CEO MeetUp Logistics&Trade coorganized by Caspian Energy Club and Association of Azerbaijan Transport Forwarding Companies.
Türkiye was removed from the “grey list” by the Financial Action Task Force (FATF). This decision holds significant implications in the realm of combating financial crimes.
19.07.2024 Georgia in International Rankings – Economic Freedom
The Index of Economic Freedom (EF), created by the Heritage Foundation, provides a wide understanding of a country’s situation by aggregating a range of indicators under the following four broad pillars:
- Rule of law (property rights, government integrity, and judicial effectiveness);
- Government size (government spending, tax burden, and fiscal health);
- Regulatory efficiency (business, labor, and monetary freedom);
- Open markets (trade, investment, and financial freedom).
19.07.2024 Financial Chain Corporation in the next B2G Forum by Caspian Energy Club
Caspian Energy Club held a regular B2G Forum with the participation of Vusal Shikhaliyev, Head of the Sector at the Department of Economic Policy and Industrial Issues of the Presidential Administration of the Republic of Azerbaijan, and Head of the Commission on Business Environment and International Rankings. FCHAIN was represented at the B2G Forum by Namig Gadirov, General Director, Zaur Gadirov, Managing Partner, Valid Huseynov, Deputy General Director and Gunel Musa, Public Relations Manager.
FCHAIN Türkiye Office informs: Finance Minister Mehmet Şimşek announced that a new tax package will soon be presented to the Turkish Grand National Assembly (TBMM). He also noted that the draft tax proposal concerning the stock market has been postponed.
The book of Leyla Begim, a well-known writer, a member of the Writers Union of Azerbaijan, Great Britain Poetry Society and European Congress of Writers, and founder of “Natavan” society, published in the Czech language is put on sale in “Kosmas” and “Luxor” bookstore in Czechia.
23.07.2024 Positive Changes in the Frames of Universal Declaration in Kazakhstan
On July 1, 2024 the law on amendments and additions to the Tax Code of the Republic of Kazakhstan was signed. According to these changes, the obligation to submit a personal income declaration within the framework of universal declaration for non-residents and their spouses who are managers, founders (participants) of legal entities and individual entrepreneurs has been abolished.
23.07.2024 OECD: Expected Annual Increase of $150 Billion in Tax Revenue
Minister of Treasury and Finance of Türkiye Mehmet Simsek had stated, “Regulation is inevitable. Otherwise, taxes not collected by our country will be collected by another country.”
24.07.2024 Millennials snd Gen Z in Czechia Prioritize Work-Life Balance Over Salaries
A new survey from consulting firm Deloitte has found that millennials (people born between 1981 and 1996) and Generation Z (those born between 1997 and 2010) prioritize work-life balance over salary when choosing a job.
24.07.2024 The Export Climate Index Declined in June from Its Peak of the Past Year
FCHAIN Türkiye Office informs: In June, the Istanbul Chamber of Industry’s Türkiye Manufacturing Sector Export Climate Index remained above the threshold value of 50.0, indicating that the demand conditions in Turkish export markets improved on a monthly basis for the sixth consecutive month. The index had risen to 52.8 in May, reaching its highest level since April 2023.
FCHAIN Türkiye Office informs:
The 25% cap on residential rent increases, which has been in place for the past two years, has come to an end. Starting with the new period, rent increases will be determined according to the Consumer Price Index (TÜFE) rate.
Now 2.25% of insurance premiums are paid by the employer, and 10% by the employee. The rate reduction does not apply to the following categories:
- organizations financed from the state budget;
- mining enterprises with a license to develop subsoil of national importance;
- companies involved in the provision of electricity, heat and gas;
- enterprises producing and/or importing alcohol, tobacco products and fuels and lubricants (with the exception of licensed oil and natural gas processors);
- cellular operators;
- Internet providers;
- commercial banks and specialized financial and credit institutions.
29.07.2024 Why Invest In Türkiye?
Türkiye has become an emerging country to invest in for foreign investors of all industries with its ever-growing economy, geostrategic value, and unrivaled opportunities it has to offer.
29.07.2024 “I Feel Stronger with FCHAIN” – Zuleykha Shabanova, Talented Gymnast
“FCHAIN’s support is very valuable for me. I feel stronger. I will do my best to achieve great success” shared young and perspective gymnast Zuleykha Shabanova.
30.07.2024 Azerbaijani Judoka Hidayat Heydarov – Winner of the Paris 2024 Summer Olympic Games
Azerbaijani judoka Hidayat Heydarov has become the winner of the Paris 2024 Summer Olympic Games securing the first gold medal for Azerbaijan.
30.07.2024 Team of Uzbekistan Wins First Gold in History at Summer Olympics
Diyora Keldiyorova became the first judoka in the history of Uzbekistan to win gold medal at the Summer Olympics. In the weight category up to 52 kilograms, she defeated Distria Krasniqi from Kosovo in the final.
30.07.2024 Kazakhstan Wins Gold at Summer Olympics
Kazakhstan’s Yeldos Smetov dominated the first men’s judo competition of the Olympic Games Paris 2024 to take the gold medal over France’s Luka Mkheidze, who took the silver on 27 July at the Champ de Mars Arena.
30.07.2024 FCHAIN Tajikistan Office – Finance and HR Solutions for Modern Companies
If your company needs to hire remote employees in another country, but intimidated by the idea of opening a new legal entity abroad. International legal compliance, payroll, local labor law, contracts and benefits stopping you. The best way is to sign up for an Employer of Record (EOR) service to handle these challenges for you.
The deadline for the second installment payments of the 2024 Motor Vehicles Tax (MTV) is approaching. The payment period, which affects millions of vehicle owners, ends on July 31.
