“Technopark participants are 558 IT companies, 54 of which are foreign. We are seeing interest from foreign technology companies in Kazakhstan. This is largely due to the preferences and benefits that they can receive at the Astana Hub. For example, preferences exempt participants from paying taxes such as CIT, VAT, VAT on imports of goods, royalty tax, PIT for residents and social tax for non-residents. The main goal of the preferences is to provide an opportunity for technology companies to save money and reinvest in the development of innovative projects in Kazakhstan,” explains Magzhan Madiyev, CEO of Astana Hub.

IBA Group became a technopark resident in mid-September 2021. The company is one of the largest providers of IT solutions in Central and Eastern Europe. The company has 10 development centers. It employs about 3,000 people and has a portfolio of over 2,000 projects in more than 40 countries. The new development center will be located in Nur-Sultan. Soon the company will announce vacancies: first of all, they will look for programmers, business analysts and consultants.

“We see the potential of the Astana Hub Technopark and are happy to become part of it. At the same time, we did not come empty-handed: we are already developing areas that will help bring the banking sector, retail, transport and insurance all over Kazakhstan to a new technological level,” commented Ivan Sukman, Business Development Director of IBA Group.

One of the main areas of work will be the automation of public transport. The company has two own developments: automated fare collection and dispatch control systems. These solutions are used in Belarus and are already working in East Kazakhstan.

The VAS visual analysis tool will also be developed. It is used to process a large amount of data and search for hidden relationships. The development will be useful to the security services of insurance companies, banks and large international organizations. VAS will assist in investigating financial fraud such as contract tenders, procurement fraud, economic crimes or insurance fraud.

One of the directions will be the support of Kazakh startups. IBA Group offers a "cloud" for innovative developments. Convenient tools and services will help startups create and improve their applications.