Prospects of Kazakh-Ukrainian investment cooperation were discussed in Kyiv

Prospects of Kazakh-Ukrainian investment cooperation were discussed in Kyiv

On October 15, 2020, at the initiative of the Embassy of Kazakhstan in Ukraine in Kyiv, a Kazakh-Ukrainian investment forum was held at the Ukrainian Chamber of Commerce and Industry.

Opening the event, Ambassador of Kazakhstan to Ukraine Darkhan Kaletaev noted the significant potential for the development of trade and economic cooperation between Kazakhstan and Ukraine. At the same time, he stressed that, taking into account modern realities, emphasis should be made on development of cooperation through the establishment of joint ventures in the field of mechanical engineering, energy industry, meat and dairy farming, processing of agricultural crops, etc. The Republic of Kazakhstan has created the most favorable conditions therefor.

Deputy Minister of Foreign Affairs of Ukraine Yevhen Yenin confirmed the interest of the Ukrainian side in enhancing cooperation with Kazakhstan on the widest range of issues. He especially noted that due to joint efforts, the interaction of the two countries in the field of trade and investment can reach a qualitatively new level. Gennady Chizhikov, Chairman of the Ukrainian Chamber of Commerce and Industry, spoke in a similar vein, citing a number of successful Kazakh-Ukrainian business projects as an example.

The Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan Askar Shokybaev informed about the investment climate in the Republic of Kazakhstan, transport and logistics opportunities and promising directions for the development of bilateral cooperation. Particular attention was paid to state support for attracting foreign investment.

Deputy Chairman of the Board of JSC "NC"KAZAKH INVEST" Birzhan Kaneshev spoke about the company's activities as a single national operator for investment activities, preferential conditions for foreign investors, legislative framework for investment security guarantees, measures of state support for investors and business in general in the sectors of the economy, etc. He called on Ukrainian business to develop cooperation, especially in the field of agriculture and mechanical engineering, where the Ukrainian side has a strong position.

Alpamys Omarov, Director of the Department for Monitoring Development Programs of the Agro-Industrial Complex of KazAgro Holding, spoke about the measures of state support and the main lines of development of the agricultural sector. In turn, Managing Director of NPP "Atameken" Nurlybek Mukanov focused on programs to support small and medium-sized businesses.

Ukrainian companies with many years of experience in working with Kazakhstan shared their "best practices". Head of the Association of Machine Builders and Employers of Ukraine "Ukrmashbud" Volodymyr Sachenko spoke about a number of successful projects. This is the construction of Khorolsky Mechanical Plant JSC of 4 large feed mills in Almaty, Zhambyl and Karaganda regions, as well as the successful support of the DairyGlobalExperts company with the construction of 7 dairy farms in various regions of the country. In addition, Ukrainian specialists helped launch two veterinary service centers in the Akmola region, provide technological support for more than 50 farms in Kazakhstan, and are also completing two large projects for the processing of oil crops in the East Kazakhstan region.

As a result of the negotiations, Memorandums of Understanding were signed between JSC “NC“ KAZAKH INVEST” and a number of Ukrainian companies. In particular, Agrovet Ukraine LLC plans to launch the production of veterinary drugs in Kazakhstan, Ukrainian investor Vladimir Mikhnevich intends to establish production and service maintenance of modern seeding complexes in Kazakhstan, and Clear Energy LLC is interested in implementing projects for the processing of solid household waste.