Polish business ready to invest in joint projects in Kazakhstan

ASTANA (TCA) — A B2B meeting of Kazakh and Polish businessmen was organized by the Atameken National Chamber of Entrepreneurs of Kazakhstan, the Chamber reported on July 14. The meeting was timed to the forthcoming official visit of Kazakhstan President Nursultan Nazarbayev to Poland.

“We expect that the outcome of negotiations between the Kazakh and Polish business will be the maximum diversification in different areas. These are pharmacy and transport logistics. As we know, Poland has a strong interest in strengthening the transport and logistics cooperation with Kazakhstan with an eye on the Chinese market. It is in the national interests of our countries to maximize the potential of transit and transport,” said Kazakh Ambassador to Poland Altay Abibullayev.

During the meeting Kazakh and Polish companies discussed opportunities for cooperation. As it was noted by the Advisor to the Minister of Development of Poland Elzbieta Bodio, Polish Bank is ready to finance joint projects with Kazakhstan if they are of considerable interest. Today the amount of Polish investments in the Kazakh economy is around 190 million US dollars. Kazakhstan has about 200 joint ventures with the participation of Polish capital. According to experts, Kazakhstan’s cooperation with Poland is of great interest. The Polish side has extensive experience in supporting small and medium-sized businesses. Poland’s GDP is about 500 billion USD, of which 45% is the share of SMEs.

From the Polish side the meeting was attended by 15 companies operating in sectors such as agriculture, engineering, food industry, energy and alternative energy, IT solutions.

From the Kazakh side the meeting was attended by about 50 companies, including national companies and private business.

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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