Kazakhstan’s business opportunities presented in Latvia
Latvian business community learnt about Kazakhstan’s special economic zones, export and investment potential. Riga hosted a meeting between local businessmen and Kaznex Invest representatives. The Kazakh delegation told the Latvian business community about the tax exemptions and customs incentives for foreign investors in Kazakhstan. The road show triggered interest among Riga officials, especially amid Nursultan Nazarbayev’s address that specified the main principles of Kazakhstan’s future economic development.
MAKSIM TOLSTOY, MEMBER OF RIGA CITY COUNCIL:
In Nursultan Nazarbayev’s address, we were highly interested in the development of IT technologies outlined in the Digital Kazakhstan program. There is a large spectrum of cooperation, for instance, urban development of entire Kazakhstan. Latvian company Getlini Eko achieved great success in Kazakhstan; our public utilities sector players can share their experience in attracting and using investments.
Latvian delegation will pay visit to Kazakhstan to learn more about the business opportunities in the beginning of April.
YADVIGA NEIMANE, SPOKESPERSON, LATVIAN INVESTMENT AND DEVELOPMENT AGENCY:
We are planning to hold a business forum in Almaty in cooperation with Almaty Mayor’s Office. In addition, we are planning to visit Khorgos with transport and logistics representatives and meet with Kazakh and perhaps Chinese businessmen. The sides will discuss cooperation opportunities in logistics.
Kazakhstan is taking steps to expand trade and economic cooperation with Latvia. Over the first nine months of 2016, the trade turnover between the countries made up nearly U.S. $90 million. At present, there are more than 60 enterprises with Latvian capital in Kazakhstan and over 100 Kazakh companies in the Baltic country.
ASKAR ARYNOV, EXECUTIVE DIRECTOR, KAZNEX INVEST:
It is good to see that Latvian business covered almost all spheres of cooperation in Kazakhstan. We can see Latvian enterprises in Kazakhstan’s green energy, Latvian food and medications. This large spectrum of Kazakh-Latvian cooperation needs further expansion.
This year, the leading Kazakh producers will present their products at the ‘Week of Kazakh Goods’ in Riga’s central market. The organizers hope that Latvian customers will appreciate the products made in Kazakhstan.