Trade

SME

Foreign financial institutions have been showing a gradual decrease in the level of non-performing loans to commercial banks, and the renewed interest in the development of projects in Kazakhstan, small and medium-sized businesses. First of all it relates to innovative development of Kazakh entrepreneurs. Thus, the European Bank for Reconstruction and Development is considering financing innovative projects to improve Internet infrastructure in Kazakhstan. And the International Finance Corporation (IFC), which is a member of the World Bank Group, has concluded an agreement with one of Kazakh banks to provide a credit line of 70 million dollars for a period of 10 years. The IFC also focused on the development of innovative projects in the field of green economy. According to the preliminary results of 2012 fiscal year, IFC has invested 436 million dollars to support the development of climate protection. The demand for investment will be sustained for several more years not only because of high price of the projects but also because of a vast territory of the country with the lowest population density. The work of the Customs Union, Kazakhstan’s joining the WTO and the creating of the Common Economic Space set a number of objectives to enhance business sustainability, competitiveness and development of new technologies. Experts say that only in this way can we talk about the effective development of the economy.

Enactus

Annual national competition of social and business projects Enactus has taken place in Almaty. The programme functions in 39 countries around the world and it brings together business leaders, students and teachers. Students present the results of their projects for the competition. Members of the judges’ panel say that Enactus is not a contest of ideas; it is the contest of already implemented projects. Last year 22 University students participated in the competition and the teams implemented 61 projects, as a result of which 336 people were employed. The competition organisers say that the projects of students are a perfect complement to the University education, which is built according to a dual system. This system has been successfully working in Germany, Austria, Denmark, the Netherlands and Switzerland. In particular, the dual system in Germany involves 1.6 million students in 350 professions, 500 000 enterprises. Small and medium-sized businesses provide with 80 percent of the training seats. And the Kazakh entrepreneurs are showing an increasing interest in the programme every year.

Trade

By 2015, the trade turnover between Kazakhstan and China will reach 40 billion dollars a year, agreed the leaders of two countries in April. Experts say that a major part of the turnover will be presented with non-resource sectors of the economy. Just non-energy products were presented at the 11th international specialised exhibition ’Chinese Goods in Kazakhstan. In 2012, the trade turnover between Kazakhstan and China grew by 12.5 percent ​​and amounted to 24 billion dollars. In general, China has exhibited products of more than 200 domestic enterprises of different areas, from vehicles to food. Chinese Goods in Kazakhstan exhibition is the best basis for the development of new partnership relations between businessmen from the two countries since it presents not only new products but also creates ideal conditions for presentations and direct negotiations of suppliers and buyers. So, all market players can realise their interests when the state and business get a rich source of information about products and manufacturers of China first-hand, and manufacturers get the shortest way to the market of Kazakhstan and Central Asia.



×