April 8. Information Center - Prime Minister of the Republic of Kazakhstan Askar Mamin held the 6th Meeting of the
Dialogue on investment co-operation between Kazakhstan and the European Union, EU Reporter
spoke about the measures taken to develop the economy, improve the business
climate, adopt new approaches to attracting investments and stabilize the
sanitary and epidemiological situation in the country.
that the anti-crisis measures taken by the Government since the beginning of
2021 helped to gain, according to the recent Moody’s, Fitch and Standard &
Poor’s rankings, the pre-pandemic ratings. The rating agencies forecast
positive development of the Kazakh economy within 3.2-3.8%.
Minister also noted that the Index of Economic Freedom 2021 by the Heritage
Foundation, Kazakhstan took 34th place out of 178, having improved its
indicators by 5 positions (in 2019 - 59th place, and 39th place in 2020).
dynamics were noted in fiscal sustainability, efficiency of government
spending, and the judicial system. Freedom of investment, labor relations and
the financial sector are named among the factors that impacted the quality of
the institutional environment.
to continue support this dynamics to further enhance the status ofKazakhstanas one of the countries with the
most favorable investment climate,” Mamin said.
Minister called on the European diplomats to further an open and active
dialogue to promote the development of trade, economic and investment
cooperation betweenKazakhstanand the EU.
The Head of
the EU Delegation, Sven-Olov Karlsson, Pascal D'Avino of Italy, Willy Kempel ofAustria, and Chargé d'Affaires of Portugal Adeline
Vieira Da Cunha Da Silva notedKazakhstan’s significant progress in improving
the investment climate, creating conditions for doing business, as well as the
EU’s interest in advancing the economic cooperation withKazakhstan.
participants discussed the prospects for overcoming the consequences of the
pandemic and cooperation betweenKazakhstanand the European Union on economic
issues raised were the improvement of business climate both at the national and
international levels, expanding interaction in healthcare, improving tax
administration of foreign legal entities, settling disputes with the
participation of foreign companies through judicial and non-judicial mechanisms
was paid to increasing the potential of the AIFC in developing cooperation with
EU financial institutions and attracting investments from European companies. The
members of the Government, the leadership of the Agency for Strategic Planning
and Reforms, the Agency for Protection and Development of Competition, JSC
Kazakh Invest, representatives of the Supreme Court of the Republic of
Kazakhstan, ambassadors of the European Union, Germany, Romania, Poland,
Belgium, Italy, Slovakia, Spain, Lithuania, Croatia, Greece, Bulgaria, Hungary,
France, Austria, Latvia, Czech Republic, representatives of Portugal, the
Netherlands, Finland, Estonia, etc. participated in the event.
European Union is one of the key investors and the largest trading partner ofKazakhstan. In 2020, the trade turnover
was $23.6 billion.