Investment and trade are in the focus of Kazakh-Romanian partnership

On March 30, 2021, with the assistance of the Embassy of the Republic of Kazakhstan, the Chambers of Commerce and Industry of Romania and the Prahova region, a Kazakh-Romanian business forum was held in the format of a videoconference, in which 80 entrepreneurs from two countries took part.

During the event, the Embassy presented the leading sectors of the Kazakhstani economy, in particular, new opportunities for partnership in the field of light and heavy industry. Along with this, the participants of the business forum were informed in detail about investment preferences, the successful activities of the AIFC and free economic zones in our country.

Director of the Department for Strategic Projects of JSC "NC" KazakhInvest" Zhandos Temirgali presented the prospects for doing business, the advantages of the regions and supply routes, the system of legislative protection of investors in Kazakhstan.

Secretary General of the Romanian CCI Ovidiu Silagi and Chairman of the Prahova CCI Aurelian Gogulescu presented the trade and economic potential of the country, talked about the prospects for doing joint business, and also presented Romanian companies that intend to enter the Kazakhstan market.

The forum consisted of three panel sections - industry and construction, agriculture, trade and services, within which entrepreneurs from the two countries were able to present the activities of their companies and establish direct contact.

In general, the business forum confirmed the mutual interest of Kazakhstan and Romania in enhancing trade, economic and investment cooperation, in particular, entrepreneurs noted the importance of diversifying trade towards products of the manufacturing industry.

For reference: in 2020, the trade turnover between the countries amounted to $ 1.3 billion (exports - 1.26 billion, imports - 73 million).

The main articles of Kazakhstan's export are oil, chemical products, metals.

The main articles of Kazakhstani imports: machinery, electrical equipment, metals and metal products, products of chemical and related industries, plastics, rubber.