Astana, Kazakhstan, April 29
By Daniyar Mukhtarov - Trend:
The volume of foreign investments in the manufacturing industry in Kazakhstan doubled over the past three years, the Kazakh first Deputy Minister of regional development Kairbek Uskenbayev said.
"Since the establishment of the Customs Union the volume of foreign investments in the manufacturing industry in Kazakhstan has increased almost twice: from $ 1.8 billion in 2009 to $ 3.4 billion in 2012," he said at a press - conference in Astana.
At the same time, he said, the total volume of direct foreign investment grew by 34% and reached $ 28 billion, according to Uskenbayev.
"The most pragmatic part of the world has woken up to prospects imposed by the Eurasian Economic Community market and has already begun to actively invest in joint projects in Kazakhstan," he said.
At present, about 40 large investment projects totaling nearly $ 32 billion are on the development stage between Kazakhstan and Russia, which again confirms the investment attractiveness of Kazakhstan, according to the first deputy minister.
"The Russian and Belarusian business feels comfortable enough in Kazakhstan, which is contributed to by favorable tax laws, investment preferences, and public, socio-political stability. Similar conditions are created also for Kazakh entrepreneurs both in Russia and Belarus," Uskenbayev said.
He also recalled that the Kazakh government has taken steps to support entrepreneurs. It has essentially facilitated the taxation regime (up to 3 percent of the circulated funds) and streamlined proceedings of business registration.
Translated by S.I.
Edited by С.N.