Kazakhstan is a very attractive country for investors — Agris Preimanis

ASTANA (TCA) — An interim meeting of the Foreign Investors’ Council chaired by the President of Kazakhstan was held in Astana last week. Governing Board Chairman of Kazakhstan Foreign Investors’ Council Association and EBRD Director for Kazakhstan, Agris Preimanis, spoke about the Council’s plans in an interview with PrimeMinister.kz.

“Foreign Investors’ Council is working very closely with the Government of Kazakhstan to improve the investment climate,” Mr. Preimanis said. “Questions are raised on the overall quality of the investment climate, as well as specific issues related to energy, greening of the economy, improving the regulation of labor force, etc. What is important, the Foreign Investors’ Council is moving to a qualitatively new level of interaction with the Government. It is important to shift from discussing only the issues of the investment climate to discussing how foreign investors can help the Government, the state to improve overall competitiveness, overall growth.”

In Mr. Preimanis’ opinion, the investment climate in Kazakhstan has greatly improved in recent years. “Now we see a very attractive country for investors. A lot of work has been done. Foreign Investors’ Council has also played a role, working very tightly on specific problems since the beginning of the 1990s. Now we see Kazakhstan as a country that can and increasingly attracts investors.”

Mr. Preimanis said that this year the FIC will continue the work on the investment climate and such issues as the improvement and creation of new environmental laws. A lot of work will be focused on creating an environment for attracting quality skills and improving skills to attract labor.

Speaking about modernization of Kazakhstan, Mr. Preimanis said that modernization and improvement of competitiveness are the key issues not only for Kazakhstan, but also for foreign investors who work in the country. “The FIC platform is important. It includes investors who invested more than $100 billion in the economy of Kazakhstan. It gives an opportunity to work very effectively on these issues.”

Sergey Kwan

TCA

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.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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