Lancasterholding.com http://lancasterholding.com/ ru Lancasterholding.com DataLife Engine NIF has made a successful exit http://lancasterholding.com/2010/07/27/nif_has_made_a_successful_exit.html http://lancasterholding.com/2010/07/27/nif_has_made_a_successful_exit.html National Innovation Fund of Kazakhstan has made a successful exit from Advant venture fund earning 50 mln tenge profit
]]> aliya Tue, 27 Jul 2010 17:36:08 +0600 July 2010 http://lancasterholding.com/2010/07/13/july_2010.html http://lancasterholding.com/2010/07/13/july_2010.html 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.
]]> aliya Tue, 13 Jul 2010 17:45:37 +0600 EDB grant credit http://lancasterholding.com/2010/07/13/edb_grant_credit.html http://lancasterholding.com/2010/07/13/edb_grant_credit.html Eurasian Development Bank (EDB) has granted Syrymbet JSC credit of $48,7 mln for implementation of the tin production project
]]> aliya Tue, 13 Jul 2010 17:42:19 +0600 March 2010 http://lancasterholding.com/2010/03/26/march_2010.html http://lancasterholding.com/2010/03/26/march_2010.html 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

]]> aliya Fri, 26 Mar 2010 13:02:17 +0600 KIMEP tax conference http://lancasterholding.com/2010/03/26/kimep_tax_conference.html http://lancasterholding.com/2010/03/26/kimep_tax_conference.html Lancaster Group has sponsored and participated in the 2nd Academic Taxation Conference in Kazakhstan Institute of Management Economics and Strategic Research (KIMEP)
]]> aliya Fri, 26 Mar 2010 12:55:22 +0600 Interview for CCI http://lancasterholding.com/2010/02/04/interview_for_cci.html http://lancasterholding.com/2010/02/04/interview_for_cci.html Interview of Lancaster Group Chairman, Nurlan Kapparov in a special edition of the Chamber of Commerce and Industry of Kazakhstan]]> aliya Thu, 04 Feb 2010 17:15:13 +0600