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NUR-SULTAN (TCA) — More than 150 representatives of the French business community participated in the Kazakh-French investment forum to discuss the investment opportunities of Kazakhstan and prospects for implementation of joint projects, the press service of the Prime Minister of Kazakhstan reported on October 9.
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ALMATY, Kazakhstan (TCA) — The role of digital technologies and tools in reducing corruption risks was the focus of a two-day high-level regional conference organized by the Office of the Co-ordinator of OSCE Economic and Environmental Activities (OCEEA) in cooperation with the 2019 Slovak OSCE Chairmanship and the Anti-Corruption Agency of Kazakhstan on 7 and 8 October in Almaty.
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NUR-SULTAN (TCA) — The number of foreign tourists visiting Kazakhstan annually grows at an average level of 10%. Over the past 5-6 years, domestic tourism has also grown by 10-15%, Deputy Chairman of Kazakh Tourism National Company Kairat Sadvakasov said in an interview with PrimeMinister.kz.
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NUR-SULTAN (TCA) — Investment agreements totaling around $700 million were reached during negotiations on the sidelines of the Kazakhstan-German Business Forum on October 7 in Berlin, Kazakh Invest national investment promotion company reported.
It is planned that documents on projects implementation will be signed in December this year within the framework of an official visit of the President of Kazakhstan Kassym-Jomart Tokayev to Germany.
Over 200 business community representatives from both countries participated in the Forum.
The Kazakhstan delegation, which included representatives of government agencies, national companies and business community, was headed by Roman Sklyar, the Deputy Prime Minister of Kazakhstan.
The Forum has become a practical platform for enhancing trade, economic and investment cooperation, giving impetus to the development of partnerships in such popular areas as IoT (Internet of Things), logistics, the energy sector, agro-industrial sector, geological exploration, digitalization, and urban infrastructure.
“In order to move away from the raw material vector of economic development, Kazakhstan has begun to modernize and industrialize the domestic economy. The foundation of the new policy is the creation of a base of industrial-innovative and green economy. In this context, the goal for Kazakhstan businessmen should be to attract companies from Germany to cooperate as leaders in the fields of new technologies and innovations. Particularly relevant is the development of new industries which are to be created using digital technologies as well as the introduction of elements of Industry 4.0,” said Deputy Prime Minister Sklyar.
Today, Germany is one of the leading foreign economic partners of Kazakhstan. Over the past 14 years, German companies have invested about $5 billion in Kazakhstan. According to German statistics, bilateral trade turnover reached a historic high of € 5.1 billion at year-end 2018.
“Today, Kazakhstan has new opportunities and potential for profitable business. Growth forecasts for Kazakhstan are impressive. According to the EBRD forecast, GDP in 2019 can grow by 3.5%. Forecasts for 2020 also indicate that Kazakhstan is the growth engine in the Eurasian Economic Union. We are very pleased that the positive development also had a beneficial effect on the German-Kazakh economic relations: in the first half of the year we exchanged goods for € 2.7 billion. Kazakhstan still accounts for more than 80% of Germany’s trade with the Central Asian region,” said Manfred Grundke, member of the board of the Eastern Committee of the German Economy, General Partner of Knauf.
Additionally, together with the Eastern Committee of the German Economy, a draft Road Map for Trade and Economic Cooperation was developed with a List of Investment Projects to be signed during the Kazakh president’s visit to Germany.
The forum participants noted that Kazakhstan can become a conductor of the economic interests of European countries in the Central Asian region.
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TASHKENT (TCA) — Uzbekistan President Shavkat Mirziyoyev has ordered to revise the legislation and scrap unnecessary restrictions restraining the country’s stock market from development, Xinhua news agency reported with reference to the president’s press service.
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BISHKEK (TCA) — The United States has blacklisted 28 Chinese organizations for their alleged involvement in “human rights violations and abuses” against Uyghurs and other mostly Muslim ethnic groups in China’s far western region of Xinjiang, RFE/RL reports.
