We are committed to enhancing the business environment
EY is committed to collaborating with governments, policymakers, nonprofits and regulators to enhance the business environment in Kazakhstan.
We contribute to the policy dialogue through business platforms. EY has been actively engaged in the work of the Foreign Investors’ Council (FIC), which is chaired by the President of the Republic of Kazakhstan. Erlan Dosymbekov, EY Managing Partner for Kazakhstan and Central Asia, co-chairs the FIC working group on investment policy. The working group focuses on promoting and facilitating investment, as well as improving the legislative framework and regulatory environment.
EY regularly performs a survey of business leaders to assess the investment attractiveness of Kazakhstan with the aim of helping businesses to make investment decisions and to assist the government in removing barriers to future growth.
EY has been actively engaged in supporting the country in its transition to IFRS since early 2000, as well as in developing the knowledge of those working in accounting and finance. We continue to contribute to the implementation of IFRS by hosting annual IFRS update sessions for the accounting and finance departments of both national companies and state‑owned organizations.
We cooperate with the Astana International Financial Center Authority with the aim of supporting it in establishing the AIFC exchange.
We are members of the following business associations:
- American Chamber of Commerce in Kazakhstan
- Association of Financiers of Kazakhstan
- Association of Renewable Energy of Kazakhstan
- Association of Taxpayers of Kazakhstan
- British Chamber of Commerce in Kazakhstan
- Canada-Eurasia Business Association
- European Business Association in Kazakhstan
- International Tax and Investment Center
- Kazakhstan Foreign Investors’ Council Association
- Union of German Economy
We share knowledge
EY supports key investment and economic forums. We host a variety of events to share knowledge and insights, advance international best practices, and advise the business community on market trends and changes in the regulatory environment. We develop thought leadership materials that can help businesses grow sustainably. To learn more, please visit www.ey.com/Kazakhstan.
We contribute to the sustainable development of our clients and the community
EY works with government and international development institutions to support sustainable development. We contribute to projects of high social and economic impact.
Building human capital and public sector capabilities
- We have advised the Ministry of Education and Science on improving its operational effectiveness (including leveraging more automation) based on leading international practices and benchmarks.
- We have supported the Ministry of Healthcare and Social Development in its development of a methodology for implementing professional standards aimed at building a more efficient labor market in Kazakhstan.
- The EY Academy of Business leads in providing professional education and training to over 12,000 people employed by Kazakhstan-based companies. We support the development of talent through finance, accounting, project management, and soft-skills programs, as well as training for international qualifications such as ACCA, CFA, CIA, PMP, IPMA, CIMA, DISC, MBTI, and others.
Enhancement of administration and regulation
- EY was a leading consultant on a project with the Ministry of Finance and the World Bank to improve Kazakhstan’s tax administration system.
- We have provided support to Kazenergy in its assessment of the oil and gas industry’s impact on the social and economic development of the country.
- We have supported the Association of Financiers of Kazakhstan in assessing the financial sector’s impact on the social and economic development of the country.
- We have worked with the United Nations Development Program to assess Kazakhstan’s priority sectors where green economy would have the highest positive impact, as well as to develop institutional and financing options to support green growth in the country.
- We have hosted training sessions on non-financial reporting standards for organizations in public and private sectors.
- We have supported a number of national companies in Kazakhstan in organizing their health, safety and environment business processes.
Infrastructure and urban development
We have worked as advisors to the EBRD, IFC and UNDP on a number of infrastructure and city development projects, including:
- Almaty Light Rail Transport (LRT). This project is aimed at constructing new LRT infrastructure in Almaty, which will help to reduce the level of emissions and improve public transport services.
- The Big Almaty Ring Road (BACAD). This is a visible PPP project in Kazakhstan directed at unlocking the transit potential of the country, and is part of the Western Europe—Western China corridor.
- Tariff reform. This reform is aimed at improving the effectiveness and transparency of regulation, upgrading infrastructure, and encouraging private investment into the power, utilities, transportation and telecommunication sectors.
We contribute personally
Our employees are actively engaged in community projects, contributing both their personal and company paid time. In FY16, we supported the following organizations:
- Ana Uiyi (mothers’ home) organization
- ARDI, the Association of Parents of Children with Disabilities
- Balam-ai Center for Disabled Children
- Damu-Komek (program for entrepreneurs with disabilities)
- Department of Social and Physiological Correction #1 in Astana
- Healthy Asia foundation
- Kenes rehabilitation center
- Senior citizens and veterans of World War II
We reduce our carbon footprint
In addition to helping both our clients and the market as a whole to move toward a low-carbon economy, we are managing our own carbon footprint by using audio and video conferences instead of traveling, implementing programs to reduce heat and energy consumption, and recycling paper and batteries.