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July 2010 |
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22.07.10
Successful completion
of the deal on GMedia project has allowed National Innovation Fund of Kazakhstan to exit from
Advant venture fund with profit of about 50 mln tenge. GMedia is one of the
three projects financed by Advant venture fund, which secured high profit with
35% return on investment. It has also recovered shareholders investment in all
three projects.
“This is
the first example of successful from start to finish classic ‘exit’ from a
venture fund in Kazakhstan”, said Chairman of board of JSC National Innovation
Fund, Aidyn Kulseitov.
Advant Venture Fund was established in November 2004
between JSC Lancaster Group Kazakhstan (51%) and National Innovation Fund of
Kazakhstan (49%).
12.07.10
Eurasian Development Bank (EDB) and Syrymbet JSC have signed an agreement
on financing investment project “Launch of the first stage of tin metal production
facilities”. Under the agreement, the bank will grant Syrymbet JSC credit of USD
48,7 mln for the period of 10 years.
The project plans to construct and launch full-cycle production facility which
will include mining and processing of tin-bearing ore and producing tin metal. Syrymbet
JSC is developing the biggest in Central Asia tin deposit “Syrymbet” located in
North Kazakhstan. Equipment for the plant will be purchased in Russia,
Kazakhstan and abroad.
The plant with the output of 6 ths of tin metal per year, is due for
completion two years after the start of financing. The plant is expected to reach
full capacity within a year from the start of operation. The total cost of the
project is valued at over USD 70 mln.
Syrymbet project is being implemented within the framework of the State Program
on Forced Industrial-Innovative Development of Kazakhstan for 2010-2014. Implementation
of this project will help create a new sub-industry of nonferrous metallurgy in
the country. The project has strong export-oriented and integration effects:
the manufactured product will be able to satisfy existing and growing demand
for tin in Kazakhstan, Russia and other CIS countries. It also has a significant
multiplier impact on the economy of Russia and Kazakhstan.
EDB estimates that execution of this project will allow – directly and in
related industries - create around 3,5 thousand jobs in Kazakhstan and Russia.
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March 2010 |
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26.03.10
Lancaster
Group has sponsored and participated in the 2nd Academic Taxation
Conference in KIMEP on 25-27 March. The conference is a separate track of the
KIMEP International Research Conference and provides an opportunity
for academic research and discussions between tax professionals and students of
taxation
“Lancaster
Group supports such initiatives as they bring academics and business together.
Business ultimately depends on stability and fairness of the rules. Having more
tax professionals in Kazakhstan will benefit business, state authorities and
society as a whole”, said Kassym Abzhanov, President of Lancaster Group - a
regular sponsor of KIMEP research conferences.
This year’s conference presents research papers from
both KIMEP students and foreign academics and features a number of prominent Kazakhstani
tax professionals.
More information about the conference on www.kimep.kz/about/news/mar2010/KIRC-tax
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December 2009 |
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The Chamber of Commerce and Industry
of the Republic of Kazakhstan has published an interview with Lancaster Group
Chairman of the Board of Directors, Nurlan Kapparov in its 50th
anniversary special edition.
The article is available in Russian. To download it please go to Russian page http://rus.lancasterholding.com/press_room/
14.12.09
Lancaster Group Chairman of the
Board of Directors, Nurlan Kapparov was invited to participate in a roundtable
hosted by U.S. Assistant Secretary of State for South and Central Asian Affairs
Robert Blake.
The roundtable took place in Almaty on 14 December and was
participated by prominent Kazakhstan entrepreneurs and business leaders to
discuss entrepreneurship in the lead up to the Presidential Entrepreneurship
Summit, which will be hosted by President Barack Obama in Washington, D.C. in
the first quarter of 2010. With this roundtable, Assistant Secretary Blake will
kick off a series of activities to promote economic opportunity and
entrepreneurship in Kazakhstan.
More information and a press release http://kazakhstan.usembassy.gov/pr-12-11-09-2.html
01.12.09
ERSAI has successfully accomplished social
projects within its Sustainable Development Program for 2009. The company has
fully and efficiently made use of KZT 28 mln allocated for implementation of
social projects in education and health, as well as support for indigent
families and sponsorship of sports events, in accordance with the Sustainable
Development Program for 2009.
More information and a press release
on ERSAI website www.ersai.kz
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November 2009 |
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23.11.09
Lancaster Group Chairman of the
Board of Directors, Nurlan Kapparov took part in the second US-Kazakhstan Investment
Forum that took place on 23-24 November in New York. The forum is an annual
event organized with support of Kazakhstan Government and Kazakh Embassy in the
USA, to serve as an effective platform that will provide support for investment
dialogue and strengthen business cooperation between Kazakhstan and USA. The
forum was participated by Kazakh senior delegation represented by the government
and business community. Along with Lancaster Group, Kazakhstan business was
represented by Visor Capital, Capital Partners, Bank Turan Alem, etc.
17.11.09
Nurlan Kapparov, Chairman of the
Board of Directors of Lancaster Group participated in a roundtable hosted by American
Chamber of Commerce on US-Kazakhstan Public-Private Economic Partnership
Initiative (PPEPI).
PPEPI is a bilateral initiative
between US and Kazakhstan government designed to help improve Kazakhstan’s
business environment and support economic development. The program is set on
five pillars: economic diversification/SME development; regional economic
integration; anti-corruption/rule of law; transparency and economic efficiency;
science and technology. Invited by American Chamber of Commerce, Nurlan
Kapparov has been actively participating in the program and leads a working
group on transparency and economic efficiency.
More information on PPEPI available
on American Chamber of Commerce website www.amcham.kz/ppepi
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September 2009 |
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25.09.09
Boarding school #5 for children with hearing
problems has been sponsored by Lancaster Group to acquire a professional football
field within the framework of “Daneker” project of Private Charity Fund “DARA”.
The school counts 183 children with hearing
problems aged 7-18 years old. It takes special pride in its football team,
which has already participated in a number of republican and international competitions.
The opening ceremony took place on 25 September at the school and saw
participation of The Foundation of the First President of Kazakhstan, City
Administration (Akimat), Football Federation of Kazakhstan and other. With substantial
help from Lancaster Group, the fund raised over 5mln KZT for the implementation
of this project.
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National
Innovation Fund of Kazakhstan has made a successful exit from Advant venture
fund earning 50 mln tenge profit
...
Eurasian Development Bank (EDB) has granted Syrymbet JSC credit of $48,7 mln for implementation of the tin production project
...
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