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Kazakhstan eyes offering support to German investors

Business Materials 25 June 2020 18:24 (UTC +04:00)

BAKU, Azerbaijan, Jun. 25

By Nargiz Sadikhova - Trend:

Kazakhstan is ready to provide individual support measures to German investors, Kazakhstan’s Deputy Prime Minister Roman Sklyar said, Trend reports with reference to the press office of Kazakhstan’s prime minister.

Sklyar had a discussion with representatives of German businesses during the 29th meeting of the Berlin Eurasian Club held via videoconference.

The parties talked development of bilateral cooperation in agriculture and the attraction of German investment in the agricultural sector of Kazakhstan.

During the meeting Sklyar noted that intensive work with strategic investors is a priority outlined by Kazakhstan’s President Kassym-Jomart Tokayev, and the government will support German business for the successful implementation of joint projects in the country.

At the same time, ensuring food security is becoming more relevant and is directly related to the development of agriculture.

“To implement projects in the agricultural sector, Kazakhstan is ready to provide individual support measures to German investors. To this end, the Government Working Group is operating, which promptly and legally promotes the implementation of joint investment projects,” he said.

Kazakhstan’s Vice Minister of Foreign Affairs Almas Aidarov who also took part in the meeting said that agribusiness is an attractive sector for investment, potential partners are offered subsidies, soft loans, special taxation plans.

In turn, Chair of German Committee on Eastern European Economic Relations Oliver Hermes noted that Germany, as always, considers cooperation with Kazakhstan as one of the priority areas in foreign economic activity and German business is ready for cooperation.

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