BAKU, Azerbaijan, March 4
By Nargiz Sadikhova - Trend:
Kazakhstan’s KAZAKH INVEST National Company and Association of European Businesses in the Russian Federation (AEB) signed a bilateral Memorandum of Cooperation, confirming the intention of the parties to strengthen cooperation in order to improve the competitiveness of business in Russia and Kazakhstan, Trend reports with reference to KAZAKH INVEST.
The Association of European Businesses is the main representative body of foreign investors in Russia. Founded in 1995, the AEB is an independent non-profit organization of over 500 European and Russian companies.
The memorandum of cooperation was signed following a roundtable dedicated to interaction with the European business community with participation of 30 representatives of European business, which was held in Kazakhstan’s Nur-Sultan city on March 3.
An important part of the roundtable program was the ‘The Roadshow of the Regions: Opportunities of Kazakhstan and Special Economic Zones’ session during which the investment opportunities of Kazakhstan's regions were presented.
During the event, the participants conducted a series of B2B meetings with the large investors, heads of transnational companies of the Association of European Businesses, the largest representative office of foreign investors in Eurasian Economic Union (EAEU).
The parties also discussed further steps for developing mutually beneficial cooperation and expanding business ties between Kazakhstan and European business.
Deputy CEO of KAZAKH INVEST Galym Uzbekov said that since independence, Kazakhstan attracted about $340 billion of investments.
“Moreover, over 40 percent of all investments are from the countries of the European Union. Today, we are actively working on attracting investments from Europe to the priority sectors of our economy. We are particularly interested in technology-intensive production with high added value,” he said.
According to the CEO of the Association of European Businesses Johan Vanderplaetse, the main purpose of the delegation’s visit was to get acquainted with the investment potential of Kazakhstan.
He said that members of the Association of European Businesses have become seriously interested in business and investment opportunities that Kazakhstan has to offer.
“These include, first of all, the Astana International Financial Center and Special Economic Zones. For European businesses, other important factors are the country's political and economic stability as well as Kazakhstan's dynamic development within the EAEU unified customs space,” he said.
---
Follow the author on twitter: @nargiz_sadikh
