Memorandum of understanting between L’Orientale University of Naples and M. Utemissov West Kazakhstan State University

untitled1Rector of L’Orientale University in Naples, Prof. Edda Morlicchio, and  Rector of M. Utemissov West Kazakhstan State University in Uralsk (Kazakhstan), Prof. Askhat Imangaliyev, have signed a memorandum of understanding to begin a collaboration between the two prestigious academic institutions.

The agreement provides for the possibility of creating shared courses, encouraging the exchange of student groups and teaching staff, the recognition of reciprocal courses and equivalent qualifications, the implementation of symposiums and cultural events on themes and all those activities that can help to increase the knowledge of the two Countries.

The ceremony for the signing of the memorandum was held at the Palazzo Du Mesnil, seat of the rectory of L’Orientale University, in the presence of the Councillor of the Embassy of the Republic of Kazakhstan in Rome Seit Nurpeissov, of the Second Secretary of the Embassy, Seiilkhan Aubakirov, and the Honorary Consul in Naples Sergio Moscati.

For L’Orientale University were present the Director of the Department Asia Africa and Mediterranean, Prof. Michele Bernardini and the Associate Professor Tommaso Trevisani, who has already acquired, during last years significant teaching experiences in Kazakhstan.

During the ceremony, Rector Imangaliyev has appointed Rector Edda Morlicchio as “Honorary Professor” of the M. Utemissov West Kazakhstan State University.

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AIFC – Astana International Finance Centre

6fc0fe768bc3347c16b3d76b11c83876-smallKazakh President Nursultan Nazarbayev signed the constitutional law “On the Astana International Financial Centre”. The law supports the establishment of the new financial centre, which aims to turn Astana into a regional financial hub by creating favourable and attractive conditions for investment and finance.

On 31st December the National Bank of the Republic of Kazakhstan capitalized for this project KZT 1.7 bln. (4.8 mln US dollars) with transfer of tenure rights of the stock of share to Ministry of Finance of the Republic of Kazakhstan.

The Astana International Financial Centre will  be settled on the site of EXPO Astana 2017, with clearly defined boundaries. It will have its own administration – a council for the centre’s management headed by  President Nazarbayev. It will be in the form of a joint stock company, which will regulate the centre’s activity, as well as a committee on regulating financial services and bills.

The centre will enjoy a special legal regime. Members of the Astana International Financial Centre (AIFC) will be exempt from corporate income tax, property and land taxes until 1st January  2066. The AIFC will follow English law and principles and the standards of the world’s leading financial centres.

English will be the official language.