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Development of Islamic finance in Kazakhstan: Reality or myth?
Kazakhstan adopted relevant legislation for domestic Islamic banking transaction such as the governed Kazakh law more than ten years ago and established the Astana International Financial Center (AIFC) based on the Dubai International Financial Center’s model three years ago, Islamic finance is still in the early stages of its development and Islamic products are rarely used.
Renewable energy in Kazakhstan – what to expect?
Kazakhstan, at least on the surface, seems to have a strong political will to attract investments in renewable energy projects as demonstrated by its official general policy.
Major Kazakhstan Legislation Changes For 2019
GRATA International banking and finance team is pleased to provide you with a brief summary of the major changes to the legislation of the Republic of Kazakhstan in 2019 that may affect your business
New Concession Law of Ukraine Legal Alert
Effective use of existing resources is a mandatory feature of every individual so is for the whole countries. Ukrainian Parliament adopted a new Concession Law (the “Law”) which essence will be legally binding starting from 1 February 2020 (with a grace period for some provisions).
PPP Boom in Kazakhstan
As of 1 October 2019, 610 public-private partnerships agreements worth 1.5 billion tenge (about 3.8 million US dollars) have been executed in Kazakhstan. While PPP remains one of the areas of great interest to both Kazakhstani state authorities and prospective investors, it seems that the Government of Kazakhstan has decided to change its policy in relation to PPPs by shifting focus from quantity to quality of PPP projects to be implemented in Kazakhstan. 
PPP law initial focus of new Uzbek agency
With Uzbekistan announcing that it is establishing a coordinating agency to facilitate planning and implementation of PPPs, the new agency’s focus in its first year will likely be on helping to draft and shepherd passage of a PPP law through the country's Supreme Assembly, according to a legal adviser in Tashkent.
Investment in FEZ of Moldova through Project finance
The materials on this booklet have been prepared by Popa & Associates Law Firm, associate office of GRATA International in Moldova, for informational purposes only and are not legal advice or a substitute for legal counsel. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. You should not rely or act upon this information without seeking professional counsel.
Would Kazakhstan emerge as a new destination for start-ups?
There is no doubt that Kazakhstan needs new economic drivers to facilitate the launch of innovative new businesses, to disrupt conventional industries and to transform intellectual capital into innovative start-ups.
Uncontrolled growth of ‘fake’ PPPs in Kazakhstan — what to expect?
Three local level public–private-partnership (PPP) projects are on the brink of collapse due to the relevant local state body of the Mangistau region failing to meet its obligations under the PPP agreements and to
pay on time to the respective private partners for constructed and operating kindergartens. It was alleged that the money needed for these PPP projects did not appear on the books of the local government in time, even though the respective PPP agreements, evidently, were duly executed and registered.
Law of the Republic of Kazakhstan On Public-Private Partnership (unofficial English translation)
This Law determines legal conditions of public-private partnership, ways of its implementation, and regulates social relations arising during preparation and implementation of public-private partnership projects, execution, performance and termination of public-private partnership agreements.
Administration of Almaty has officially announced public tender for participation in Almaty Light Rail Transport (LRT) Project
On 29 August 2018, the Administration of Almaty (Almaty Mayor’s Office) has officially announced the public tender for participation in PPP project for development of design specification, construction, commissioning, financing, operation and technical maintenance of Almaty Light-Rail Transportation System (the “Project”).
Why Islamic finance fits well in Kazakhstan’s PPP projects
Kazakhstan authorities have come to recognize that they cannot fi nance the necessary investments in public infrastructure from current budgets and that a major part of future fi nancing must fl ow from the private sector.