Kazakh, Armenian Presidents visit AIFC

Kazakh, Armenian Presidents visit AIFC

Over $13 billion has been attracted to Kazakhstan’s economy through the Astana International Financial Centre (AIFC). This includes $6 billion in portfolio investments on the Astana International Exchange (AIX) and over $7 billion in investments from companies participating in the financial centre. The AIFC Governor informed Kazakh President Kassym-Jomart Tokayev and his Armenian counterpart Vahagn Khachaturyan about this. Currently, more than 3,000 companies from over 80 countries operate within the AIFC, including six major financial organizations from Armenia. The Heads of State were also briefed on the AIFC’s judicial system, the activities of the AIFC Court and the International Arbitration Centre, as well as the operations of the Astana Financial Services Authority (AFSA). Notably, there is a Memorandum of Understanding between the AFSA and the Central Bank of Armenia regarding banking and insurance regulation.