The new edition launches in the Russian language, with distribution throughout Kazakhstan. The editor-in-chief of Forbes Kazakhstan, Maxim Semelyak, previously held various senior level positions, as editor of Tatler Russia and the Russian financial newspaper Vedomosti. Editorial will consist of local business stories combined with content gleaned from Forbes U.S., with a distribution of 10,000 copies. Forbes Television and Licensing President Miguel Forbes stated: "Forbes Kazakhstan is an important addition to our growing footprint in the region."
"Forbes, as a leading international brand, has built a strong reputation as a respected and informative source of business news," said Armanzhan Baitasov, founder of UMG. "This project – is one more proof that local business has become a full part of the global economic system with its constant need for innovation and fresh ideas."
UMG’s owners have vast experience in advertising, TV, Radio and publishing. In partnership with Forbes Media, UMG will promote Forbes Kazakhstan as the first international business magazine in Kazakhstan.
