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ASTANA (TCA) — A Kazakhstan-Poland business forum was held in Astana on September 6 with the participation of Kazakhstan President Nursultan Nazarbayev and Polish President Andrzej Duda, who was on an official visit to Kazakhstan.
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ASTANA (TCA) — Kazakhstan’s sovereign wealth fund Samruk-Kazyna JSC and the World Bank on September 6 signed a Preliminary Agreement of Cooperation for joint socio-economic analytical work on green development. The signing took place within the 9th Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) in Astana, Samruk-Kazyna said.
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ASTANA (TCA) — Kazakhstan’s sovereign wealth fund Samruk-Kazyna JSC and KazAgro national management holding and Italy’s CDP Equity S.p.A. signed a Preliminary Agreement of Cooperation during the 9th annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF) in Astana on September 6.
CDP Equity (previously Fondo Strategico Italiano) is a holding company with share capital of $3.5 billion, aiming to boost the Italian economy by investing equity capital in companies of major national interest. CDP Equity’s majority shareholder is Cassa depositi e prestiti S.p.A. (CDP Group), which is controlled by the Italian Ministry of Economy and Finance.
The Agreement establishes cooperation between portfolio companies of Samruk-Kazyna and KazAgro and leading Italian companies for creating new production facilities in manufacturing and agricultural industries in Kazakhstan, Samruk-Kazyna said. CDP Group owns shares of large Italian companies across various industries, including manufacturing and agricultural fields. Under the first stage of the agreement, the Italian and Kazakh companies will look at the possibility of localizing new productions using Italian technologies.
“The document signed today is another step towards expanding our partnerships with the sovereign wealth funds of other countries. Our work with CDP Equity and the subsequent implementation of investment projects will have a multiplier effect on the economy of Kazakhstan and will facilitate the transfer of technology and create new job opportunities in the country,” said Umirzak Shukeyev, CEO of Samruk-Kazyna JSC.
On the Italian side, the Memorandum was signed by Guido Rivolta, CEO of CDP Equity S.p.A., who noted: “This is the beginning of an important collaboration that will boost growth and prosperity of both economies. This Preliminary Agreement of Cooperation highlights a long-term partnership with the purpose to increase development of our respective portfolio companies.”
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BISHKEK (TCA) — Kyrgyzstan’s Deputy Prime Minister Duishenbek Zilaliev and Governor of Uzbekistan’s Andijon region, Shuhratbek Abdurakhmanov, as well as thousands of local residents on September 6 attended the reopening ceremony of a major checkpoint along the Kyrgyz-Uzbek border, RFE/RL’s Kyrgyz Service reported.
BISHKEK (TCA) — At a summit in the Chinese city of Xiamen on September 4, Brazil, Russia, India, China, and South Africa, which comprise the BRICS grouping of the world’s leading emerging economies, issued a statement that for the first time named Pakistan-based militant groups “regional security concern”. We are republishing the following article by James M. Dorsey* on the issue, originally entitled ‘BRICS potentially strengthens Trump’s hand in tackling Pakistani support of militants’:
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ALMATY (TCA) — The U.S. Agency for International Development (USAID Competitiveness, Trade, and Jobs Activity in Central Asia) said it will host one of the region’s major international business events, the Seventh Annual Central Asia Trade Forum, ‘Future Growth: Trade, Transport & Horticulture’, in Almaty, Kazakhstan, on October 18-19.
