Polish companies mark their presence in Kazakhstan

Apr 16. Warsaw Business Journal

Polish companies mark their presence in KazakhstanPolish businesses are increasingly interested in Kazakhstan. There are now about 160 companies registered in Kazakhstan that Polish firms hold stakes in. This number has risen steeply since 2004, when there were 73 such entities, and 2002, when there were only 42.

The most active Polish companies in Kazakhstan include pharmaceutical manufacturer Polpharma, oil exploration firm Petrolinvest and railway infrastructure construction company Tines.

Polish exports to Kazakhstan amounted to $494 million in 2011. According to preliminary data, in 2012 exports to the country rose by 17 percent to $580 million. The figure gives Poland the 12th position among top exporters to Kazakhstan and fifth among EU member states.

Poland’s Ministry of Economy chose Kazakhstan as one of the most prospective markets for Polish exports, and Polish companies operating there can count on promotional support from the ministry.