15 November, 2018

Kazakh-Slovak Business Forum to give huge impetus to further bilateral cooperation — experts

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Kazakh-Slovak Business Forum was held November 15 in Astana, during which new opportunities and prospects for cooperation between the entrepreneurs of the two countries were identified. Participants of the event — Deputy Chairman of Kazakh Invest Marat Birimzhan and Vice Chairman of Kazakhstan Chamber of Commerce Nuraly Bukeikhanov told PrimeMinister.kz reporters about the potential growth areas for partnership between the businesses of the two countries, the press service of Prime-Minister informs. 

Deputy Chairman of the Board of Kazakh Invest National Company Marat Birimzhan is confident that the business forum held will give impetus to further bilateral cooperation, because today there is great potential and a desire to raise relations to a high level. According to Kazakh Invest, from 2005 to the second quarter of 2018, the gross inflow of direct investments from Slovakia to Kazakhstan amounted to $20.6 million. At the same time, there is a huge potential for increasing cooperation.

“A lot of participants of today's forum learned about the strengths of each country. Slovakia is very interesting for our entrepreneurs as an industrial-agrarian country, from which we can learn a lot about know-how and technologies in the field of engineering, energy, and infrastructure construction,” said Birimzhan, noting that non-raw materials are developed in the Slovak Republic that are priority for our economy.

At the same time, Birimzhan noted that the Kazakh side is ready to cooperate in various sectors of the economy, especially in the field of industry and non-oil exports. So, for example, the Kazakh company Integra Construction KZ is already participating internationally in a major infrastructure tender in the Slovak Republic for the modernization of railway lines between the capital of Slovakia and the border of Ukraine.

Vice Chairman of the Board of the Kazakhstan Chamber of International Commerce Nuraly Bukeikhanov, in turn, spoke about the development of trade.

“The trade turnover between the two countries in 2017 amounted to $53 million. This figure is 40% higher than in 2017. In the first half of 2018, the trade turnover amounted to $30 million,” said Bukeikhanov, noting that this is not the ultimate level of bilateral cooperation.

One of the areas of interaction is engineering, namely the production of automobiles and spare parts. As Bukeikhanov noted, Slovakia is the European leader in the production of cars, more than 180 cars are produced annually for every citizen of the Slovak Republic. This opens up broad cooperation horizons for Kazakhstan not only in the context of export-import, but also in the exchange of experience on the effective organization of such industries.

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