Investment opportunities of Kazakhstan presented in capital of Bulgaria
The Kazakh-Bulgarian business forum on “New investment opportunities of Kazakhstan” was held at the site of the Bulgarian Chamber of Commerce and Industry (BCCI) in a hybrid format, El.kz cites MFA.
More than 60 representatives of Bulgarian companies in the fields of agriculture, oil industry, industry, medicine, IT, tourism, construction, trade, etc. took part in the event organized by the Embassy of Kazakhstan in Sofia together with the BCCI and Kazakh Invest National Company JSC.
Ambassador of Kazakhstan Viktor Temirbayev informed the participants of the event about the political and economic reforms initiated by the President of Kazakhstan Kassym-Jomart Tokayev, Government measures to improve the business climate, as well as work on the relocation of foreign companies to Kazakhstan. He stressed the desire of the Embassy to intensify trade, economic and investment ties between Kazakhstan and Bulgaria.
The representative of Kazakh Invest in Europe Saken Olzhabayev spoke in detail about the ongoing work to improve the investment environment in Kazakhstan, measures of state support for foreign investors, favorable conditions created by the Government for companies ready to implement investment projects in the processing sectors of the economy.
In turn, the President of the BCCI Tsvetan Simeonov noted that today's event will give impetus to further fruitful cooperation, and the forum will allow to find new points of contact, and to establish contacts between the business circles of Kazakhstan and Bulgaria.
During the forum, the Director of the Investment Department of the Astana International Financial Center Marat Birimzhan, chief expert of the Bulgarian Investment Agency “Invest Bulgaria” Julian Balchev and the chief manager of the Investment Projects Department of the Kazakh Tourism National Company JSC Sazhida Kalkamanova also made presentations.
At the end of the event, an exchange of views took place on new ways to expand cooperation between business representatives of Kazakhstan and Bulgaria.
For reference: According to the National Bank of the Republic of Kazakhstan, by the end of 2022, 8.66 million US dollars investments were attracted from Bulgaria to Kazakhstan, which is 47.3% more than in 2021 (5.88 million US dollars). In general, from 2005 to 2022, the gross inflow of FDI from Bulgaria to Kazakhstan amounted to 64.39 million US dollars.
According to the Statistics Bureau of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, as of April 1, 2023, 121 enterprises with the participation of Bulgarian capital were registered in Kazakhstan, 74 of them are operating, mainly in such areas as wholesale trade, car repair (25), manufacturing (5), construction (5), MMC (4), as well as in scientific and technical activities (12), administration (7) and others.
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