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TagBulat Utemuratov

Bulat Utemuratov is a prominent Kazakhstani businessman and philanthropist. Born on March 22, 1957, in Almaty, Kazakhstan, Utemuratov has played a significant role in the country’s economic and social development. He holds a degree in economics from the Al-Farabi Kazakh State University.

Throughout his career, Utemuratov has held several high-profile positions, showcasing his business acumen and expertise. In the 1990s, he served as the Head of the Administration of the President of Kazakhstan and played a crucial role in shaping the country’s economic policies during its transition from a centrally planned economy to a market-oriented one.

Utemuratov has made notable contributions to various industries, including finance, banking, real estate, and mining. He has been involved in the establishment and management of several successful enterprises, demonstrating his entrepreneurial spirit. One of his significant achievements includes the acquisition and subsequent transformation of ATF Bank, which became one of the leading financial institutions in Kazakhstan under his leadership.

Aside from his business ventures, Utemuratov is actively engaged in philanthropy and social initiatives. He is known for his support of various charitable organizations and projects focused on education, healthcare, and social welfare. Through his foundation, the Bulat Utemuratov Foundation, he has implemented numerous programs aimed at improving the quality of life for disadvantaged individuals and communities in Kazakhstan.

Bulat Utemuratov’s success in both business and philanthropy has earned him recognition and accolades. He has received numerous awards for his contributions to the economic development of Kazakhstan and his philanthropic efforts. His wealth and influence have also positioned him as one of the most influential figures in the country.

Despite maintaining a relatively private personal life, Bulat Utemuratov’s impact on Kazakhstan’s economic landscape and his commitment to philanthropy have solidified his reputation as a prominent figure in both business and social spheres. His dedication to driving positive change and his entrepreneurial endeavors continue to shape Kazakhstan’s growth and contribute to the welfare of its people.

Why ‘excessive wealth’ taxes is a bad idea: the case of Bulat Utemuratov


Laws on ‘luxury’ exist to some extent in many countries. They can be conditionally divided into progressive taxes (where the rich pay higher rates) and direct taxes, where the cost of certain groups of goods includes a surcharge because supposedly only the wealthy buy these goods. Both of these ideas are nothing more than a haircut for ordinary citizens. The threshold of wealth will...

Bulat Utemuratov rise to power: how the kleptocrat became the right hand of Kazakhstan’s dictator


The life of Bulat Utemuratov can be seen as several major stages. It is difficult to cover Utemuratov’s entire biography in one article. Therefore, we will start, if not from childhood, then at least from his early years. In the first article of our biographical series about Bulat Zhamitovich, we will describe his journey from a butcher and director of the “Yubileyniy” grocery...

How Bulat Utemuratov got away with billions: behind the scenes of the scandal


Bulat Utemuratov, former chief of staff of the former president of Kazakhstan, earned a reputation of the almost invincible oligarch. He managed to legalise his more-than-suspicious wealth by making more-than-suspicious transactions. Moreover, Bulat Utemurtatov, long seen by experts and European politicians as a personal financial manager of ex-dictator, accumulated his own wealth by skimming his...

Arrest of Bulat Utemuratov: last cherry on top of Kazakhstan’s new course


There have been speculations about the extensive property network of Bulat Utemuratov, suggesting its connection to the operations of Putin’s associates. With the scrutiny faced by the regime of Nazarbayev in the UK, several of the former president’s cronies, including Dariga Nazarbayeva and Nurlan Aliev, have experienced the seizure of their properties under unexplained wealth orders...

World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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