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Long-term cooperation with Kazakhstan – the fastest growing economy in Central Asia





The Bulgarian Chamber of Commerce and Industry hosted a meeting “Promoting the economic cooperation between Bulgaria and Kazakhstan”. The meeting took place within the third session of the Intergovernmental Bulgarian-Kazakh Economic Cooperation Committee, which was held in Sofia on 24th – 25th March 2014. 
  
BCCI Secretary General Vassil Todorov highlighted the position of the Chamber to promote the realization of business events in order to support trade and effect business contacts. It was pointed out that Bulgarian companies show great interest in joint activities with partners from Kazakhstan in areas like machine building, trade, tourism.
 
Desislava Terzieva – Minister of the Regional Development of Bulgaria and Co-Chair of the Intergovernmental Bulgarian-Kazakh Economic Cooperation Committee, said that the opportunities in the bilateral economic relations between Bulgaria and Kazakhstan have not been used to the best. She assessed the economic cooperation with Kazakhstan as highly promising in perspective and voiced confidence that the meeting will shortly bring positive results.
 
Deputy-Minister of Labor and Social Protection of the Population of Kazakhstan Kairat Bektaevich Absattarov noted that the government continually aims at decreasing the administrative barriers to business. Investors are supported by the state through exemption from duties upon import of appliances and equipment, reduction of taxation, allocation of land for building of production facilities, etc. 
 
10 free zones have been established, offering a number of benefits to the administrative procedures for the businesses.  
 
Emphasis was laid on the usefulness of Kazakhstan’s participation in the Customs Union with Russia and Belarus, covering a market of 170 million people and of total GDP of almost $ 2 trillion.
 
Presentation on the investment opportunities of Kazakhstan - HERE
Presentation on the economic and investment climate of Bulgaria - HERE
 

25.03.2014

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