Kazakhstan and the Czech Republic will expand business cooperation

Kazakhstan and the Czech Republic will expand business cooperation

Kazakhstan and the Czech Republic will expand business cooperation. A solid delegation of Czech businessmen confirmed their interest in this during their visit in Astana. Representatives of over 30 companies took part in the joint business forum. They discussed cooperation prospects in such spheres as machine building, glass industry, construction, exploration, banking and tourism with Kazakh businessmen. Memorandum on cooperation has been signed between the National Export and Investments Agency Kaznex Invest and the Czech Fund ‘Prevalent’ that is specialized in investing in mining and energy projects.



Trade turnover made up more than $270 million in 2015. Over 100 companies with participation of the Czech capital operate in Kazakhstan. One of the brightest examples of cooperation is the assembly of the Czech cars Skoda. More than 20,000 cars were assembled in Kazakhstan in 10 years.


According to Kaznex Invest, the Czech Republic invested over $180 million in Kazakhstan’s economy in 11 years. Kazakhstan in return exported goods worth almost $560 million to the Central European state in the recent 8 years. As the Kazakh Ministry of Investments and Development reports, Kazakhstan plans to introduce visa free entry for Czech citizens and all OECD member-states starting from 2017. Creating favorable investment conditions, Kazakhstan intends to become a regional business hub for transfer of investments and technologies. Czech businessmen speak highly of Kazakhstan’s potential.



The most attractive are the spheres of energy, production of energy, installation of power plants, hydroelectric power stations, as well as technologies for food products delivery.


Kazakh and Czech foreign ministers Erlan Idrissov and Lubomir Zaoralek discussed ways to  promote the business partnerships between the two countries. The Foreign Minister paid particular attention to machine building, energy, green economy, agriculture and cooperation in ‘Kazakhstan-European Union’ and ‘EAEU-EU’ platforms. During the negotiations, Zaoralek congratulated Kazakhstan on the upcoming 25th Independence anniversary noting the country’s impressive achievements during this period. 



We supported the candidacy of Kazakhstan for the post of the non-permanent member of the UN Security Council. We have also decided to participate in the EXPO 2017. As you know, the Czech Republic has never participated in specialized expositions. This shows how much we appreciate friendly relations between our states.



We hope that President Zeman will come for the Czech National day to be held as part of EXPO 2017. Participation of the Czech Republic in the expo is particularly important because the Czech Republic has a great potential in the sphere of green economy. We would like to express gratitude to the Czech government for the quick ratification of the Agreement on Extended Partnership between Kazakhstan and the EU. We are conducting an active dialogue with the Czech Republic as part of the EU and hope that this cooperation will expand.  


Meanwhile, Kazakhstan and the Czech Republic intend to develop cultural and humanitarian ties and partnership in education. It became known that the monument to the great Kazakh poet and philosopher Abai Kunanbayev will be erected in the center of Prague. In addition, the memorandum on cooperation was signed between the Academy of Public Administration under the President of Kazakhstan and the Diplomatic Academy of the Ministry of Foreign Affairs of the Czech Republic as part of the meeting of the two Ministers.