• KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01134 0%
  • KZT/USD = 0.00225 0%
  • TJS/USD = 0.09234 0.22%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 26

Uzbekistan, Italy to set up industrial park for silk manufacture

TASHKENT (TCA) — The Uzbekipaksanoat (Uzbek Silk Industry) Association and the Italian Silk Association have agreed on the establishment of an Italian industrial park in Uzbekistan, the Jahon information agency reported. The park will house companies specializing in the processing of cocoons, the manufacture of silk products, as well as equipment and necessary components. The parties have already agreed on the creation of the first joint venture to produce finished goods from silk. The emergence of the park, according to experts, will increase the export of silk products to the European Union, as well as enter new markets in European countries. In addition, the association is negotiating with Turkish textile companies to produce new goods – silk carpets and the painting of silk fabrics. Within the framework of the program of measures on integrated development of the silk industry until 2021, approved by the Uzbek government, about 30 mills for the processing of cocoons are currently being modernized in the country. Also, work is underway to organize 11 new specialized enterprises for deep processing of silkworm cocoons worth $83.2 million, most of which are planned to be commissioned this year. As part of the modernization, agreements were signed for the purchase of new equipment from such well-known companies as Van De Wiele, Picanol and Reggiani. As a result, it is planned to double the production of raw silk in three years and increase the figure to 3 thousand tons per year, and also through the deep processing of raw materials to increase the production of silk fabrics eightfold, reaching 11.2 million linear meters per year. Back in 2016, the extent of the use of production capacities of silk-processing enterprises in Uzbekistan was only 17%, and in 2017 it reached 54%. In 2016, products for $20.9 million were exported, and last year the figure reached $37.7 million. Today, Uzbek enterprises produce four types of goods: raw silk, silk wool, silk fabric and finished silk products, while last year the manufacturing process was concentrated on raw silk alone. By 2021, it is planned to establish production and export of at least five types of silk goods.

Kazakhstan attracts investors from Italy

ASTANA (TCA) — Kazakh Invest national company for investment support and promotion presented Kazakhstan’s investment opportunities during meetings with the leadership of more than 20 major Italian companies and government agencies in Italy. Italian companies expressed interest in implementing joint projects in the areas of agribusiness, energy and recycling of solid domestic waste, Kazakh Invest reported on May 15. Continue reading

Kazakhstan and Italy agree on agricultural cooperation

ASTANA (TCA) — The 8th meeting of the Intergovernmental Kazakh-Italian Working Group for Industrial and Economic Cooperation and Exchange and an Italy-Kazakhstan business forum took place earlier this month in Rome, with the support of Kazakh Invest national company for investment support and promotion. The Kazakh delegation also included representatives of the agrarian sector, who studied the Italian experience of crops cultivation, discussed ways to develop joint investment projects, and visited Italian agricultural enterprises. Continue reading

Kazakhstan invites Italy to access new markets via Eurasian Economic Union

ASTANA (TCA) — The 8th meeting of the Kazakh-Italian Intergovernmental Working Group for Industrial and Economic Cooperation and Exchange (IWG) was held in Rome on February 16, the official website of the Prime Minister of Kazakhstan reported. Continue reading

Kazakhstan establishes partnership with Italian manufacturing companies

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.”

Italian companies explore business opportunities in Kazakhstan’s Almaty region

ALMATY (TCA) — An Italian delegation of managers of large Italian companies Carmet, Brio, Longo, Infortrade Srls, and Infortrade has arrived in the Almaty region to discuss business projects in the region, the Atameken National Chamber of Entrepreneurs of Kazakhstan reported on April 6. Continue reading

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