GOVERNMENT: Kazakh PM signs resolution approving plan of joint actions of Government and NB for financing domestic producers in 2015-2016


GOVERNMENT: Kazakh PM signs resolution approving plan of joint actions of Government and NB for financing domestic producers in 2015-2016Prime Minister Karim Massimov signed the resolution approving the Plan of joint actions of the Government and the National Bank for financing domestic producers and exporters in 2015-2016.

Total funding from the National Fund of the Republic of Kazakhstan in 2015-2016 to support domestic producers and exporters is 85 billion tenge.

Karim Massimov met with Prime Minister of Lithuania Algirdas Butkevičius. During the meeting they have discussed a wide range of issues of bilateral cooperation between Kazakhstan and Lithuania. Speaking at the Kazakh-Lithuanian Business Forum Algirdas Butkevičius noted that trade turnover between Kazakhstan and Lithuania is successively increasing and exceeded USD 1 billion.

In turn, Prime Minister Massimov stressed that Kazakhstan will study Lithuania’s practices in terms of conducting small and medium-sized business.

The 8th Astana Economic Forum began its work May 21. The theme of the forum was “Infrastructure – driver of economic development”.

Speaking at the forum, the Prime Minister noted that Kazakhstan attracts three quarters of all foreign investment in Central Asia.

“Kazakhstan is open for business and is the best country in Central Asia to do business. Since the independence, the country has established a solid platform for growth. We have a clear vision of further development, namely, entering the number of 30 most developed countries,” Karim Massimov said.

He also informed about the plans of the Government to implement the program of infrastructure development “Nurly Zhol”.

“Infrastructure development is important to us. We create efficient transport and logistics network throughout the country to stimulate economic growth. More than a hundred international companies are planning to take part in the program “Nurly Zhol”. Our main priority is continuation of regulatory reform, improvement of the investment climate, strengthening the rule of law and the fight against corruption,” he added.

Addressing to the participants of the forum, the Prime Minister stressed that Kazakhstan has created all conditions for attracting investment and urged the use of the economic advantages of the country for the implementation of mutually beneficial projects.

Following the forum, Prime Minister of Kazakhstan Karim Massimov met with the Prime Minister of Luxembourg Xavier Bettel.

The heads of governments discussed a wide range of issues of bilateral trade and economic cooperation. During the negotiations they marked a significant potential of business collaboration in various sectors of the economy, including investment and financial sphere.

Kazakhstan and Luxembourg have signed a number of documents following the negotiations of Prime Minister Karim Massimov and his Luxembourg counterpart Xavier Bettel. In particular, the Memorandum of Mutual Understanding was signed by the National Bank of the Republic of Kazakhstan and the Financial Technology Transfer Agency of Luxembourg. The document was inked by Vice Chairman of the bank Kuat Kozhakhmetov and Ambassador of Luxembourg to Kazakhstan Pierre Ferring.

Kazakhstan and Luxembourg also signed the intergovernmental agreement on air communication. Minister for Investments and Development Asset Issekeshev represented Kazakhstan and Minister of Sustainable Development and Infrastructure François Bausch represented Luxembourg at the signing ceremony.

Within AEF 2015 members of governments spoke about most ambitious projects of their countries.

Thus, First Deputy Prime Minister Bakytzhan Sagintayev informed on construction of the Beijing-Astana-Kazan-Moscow highway.

In addition, he touched upon multimodal transport corridors passing through Kazakhstan, Russia and Europe.