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Knowledge-based economy

Competitive national economy – our power!

President of the Republic of Kazakhstan N. NAZARBAYEV

Development Bank of Kazakhstan’s loan portfolio more than doubled in 5 years 11 April 17:36
Kazakhstan’s Development Bank, which is a subsidiary of “Baiterek” National Managing Holding, saw an 8.7% increase in its loan portfolio and stood at KZT1.7tln in 2018, with projects in manufacturing representing 77%. Between 2014 and 2018, the Bank’s loan portfolio rose 2-fold.

  • Kazakhstan, Germany step up trade and economic cooperation 15 April 12:26 The Kazakhstan-Germany intergovernmental working group opened the 12th session in Berlin with trade and economic cooperation issues at stake, marking the Kazakh Foreign Ministry’s first ever participation as the main holder. The Ministry has been seeing to attracting foreign investments and promoting Kazakh exports abroad. Yermek Kosherbayev, the Deputy Foreign Minister – Co-Chairman of the Kazakh part of the intergovernmental working group, spearheaded the Kazakh delegation, meanwhile the German delegation was led by Ekhart Franz, the Deputy Federal Minister for Economic Affairs and Energy, Co-Chairman of the German part of the working group.
  • Kazakhstan participated in World Economic Forum in Jordan 09 April 12:09 The World Economic Forum on the Middle East and North Africa took place in Jordan on 6-7 April 2019. This was the 10th meeting in Jordan and 17th meeting in the region. Having convened more than a thousand government, business and civil society leaders from over 50 countries, the meeting was themed “Building New Platforms of Cooperation”.
  • The Netherlands brings investments and new technologies to Kazakhstan 08 April 12:27 Creation of unique conditions for potential investors free of bureaucracy and cumbersome procedures remains one of the areas of the Kazakh Foreign Ministry’s activities in efforts to implement the government policy to attract investments, the Foreign Ministry informed.
  • Sustainable development: how Kazakhstan contributes to achieving 17 SDGs 04 April 18:35 Established to resolve the most pressing issues in innovation, finance, technology, and other spheres, the Astana International Financial Center increasingly turns out to be popular for meetings and forums. One of the events held to discuss projects of doctoral students from Kazakhstan studying in the UK was devoted to the sustainable development goals. Read more about this event in the piece of the Strategy2050.kz Information Agency.
  • Taxonomy of green projects to appear in Kazakhstan 01 April 17:43 The Astana International Financial Center (AIFC) hosted a seminar for the purpose of developing a taxonomy of green projects for Kazakhstan. According to Dr Ma Jun, an ecosystem made up of a green taxonomy, information disclosure, financial products and incentives is must for an efficient green finance market, including green banking and green bonds.
  • 516 joint enterprises with Korean capital run in Kazakhstan 20 March 17:34 Seoul has hosted the 8th Kazakhstan-Korea Interparliamentary Commission meeting on trade and economic and scientific and technical cooperation on March 19-20, with the Kazakh delegation led by Minister of Industry and Infrastructure Development Roman Sklyar.
  • Kazakhstan’s ‘KazAutoProm’ hits new record with 57% of the market 18 March 14:49 With LADA, Hyundai, KIA, Chevrolet, Skoda making a list of popular locally manufactured cars, Kazakhstan’s “KazAutoProm” has edged towards 57% of the market by the end of February 2019, according to the company’s data for two months of this year.
  • Tim Bennett: Kazakhstan has a tremendous investment potential 15 March 17:58 Formed in 2017, Astana International Exchange (AIX) is part of the Astana International Financial Center’s development, with the first trading session launched on 14 Nov. 2018. AIX’s shareholders include AIFC, Goldman Sachs, Shanghai Stock Exchange, the Silk Road Fund and NASDAQ. The Strategy2050.kz website presents a brief interview with AIX’s CEO Tim Bennett about Kazakhstan, the AIFC’s development as a financial center.
  • Foreign Ministry, Kazakh Invest Company – major actors of country’s investment policy 12 March 18:00 The Kazakh Head of State attaches particular importance to attract investment as the country has created all conditions for investors so far, constant work to improve the country’s investment climate is under way. In December 2018, the Kazakh Foreign Affairs Ministry took over the attraction of investments.
  • French investors familiarized with Kazakhstan’s investment possibilities 11 March 16:42 The forum on digitalization and alternative energy, attended by “Kazakh Invest” National Company Deputy Chairman Birzhan Kaneshev, took place in the French city of Cannes.
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