Kazakhstan and Serbia hold business forum in Astana

ASTANA (TCA) — On October 9 in Astana, Kazakhstan Prime Minister Bakytzhan Sagintayev and President of Serbia Aleksandar Vucic held a bilateral meeting, after which they participated in the Kazakh-Serbian business forum, the official website of the Prime Minister of Kazakhstan reported.

Vucic arrived in Astana on an official visit to participate in the VI Congress of Leaders of World and Traditional Religions.

Sagintayev and Vucic discussed issues of expanding trade and economic cooperation between their countries in the fields of energy, agriculture, logistics, transport and communications, defense industry, construction, pharmaceuticals, culture, education and science.

In the second half of the day, the Kazakh-Serbian business forum was held in Astana with the participation of Prime Minister Sagintayev and President Vucic.

The event was attended by about 180 representatives of the business communities of Kazakhstan and Serbia in such industries as agriculture, chemistry, tourism, medicine, transport, and telecommunications.

Addressing the forum, Sagintayev noted that Serbia is a reliable partner of Kazakhstan in Europe. In 2017 trade between Kazakhstan and Serbia grew by 59.1% compared with the previous year ($41.9 million). At the same time, the potential of the two countries allows raising the level of bilateral business and trade relations to a higher level. This will be facilitated by the Intergovernmental Commission for Economic Cooperation.

The forum participants were also presented with prospects for investing in such sectors of the Kazakh economy as transport and logistics, manufacturing, agriculture, digitalization and innovative development, as well as participation in the privatization program.

The President of Serbia Aleksandar Vucic in his speech stressed that Kazakhstan is an exceptionally friendly country for Serbia. Several promising areas for bilateral cooperation were noted, which include mechanical engineering, in particular, automotive, agricultural, as well as the military-technical sphere. Kazakhstan and Serbia can also cooperate in the field of modern technologies. A special area is investment and the creation of joint ventures.

Also on October 9, Prime Minister Sagintayev and President Vucic laid a capsule at the site of the future construction of a multifunctional residential complex BC Tesla Park in Astana.

The construction of this residential complex will be another step in strengthening partnerships between the two countries.

Construction of the facility is scheduled for 2018–2023. The site area is 61 hectares; the estimated investment volume is about $500 million.

Sergey Kwan


Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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