Visor Capital - The Premier Investment Bank in Kazakhstan
Register | Customer Login |   Language: EN /RU
Visor Capital - The Premier Investment Bank in Kazakhstan
home / News / Latest News
Press Releases
Media Coverage
Events
News Room
Press Materials

Kazakhstan ready to exchange its resources for technologies, investments, President Nazarbaev

Astana, June 30

Kazakhstan is ready to expand economic cooperation with the international community on a mutually beneficial basis, said President of Kazakhstan Nursultan Nazarbaev.

"We are ready to closely cooperate with the world in line with the formula 'our resources - your technologies and investments,'" Nazarbaev said at the 17th session of the OSCE Parliamentary Assembly in Astana on Sunday.

"Kazakhstan has excessive energy and food resources and is capable of increasing the amount delivered to the world market on the condition that large scale investments are made and technologies which European countries have are implemented," said the president.

"Everyone will benefit from this cooperation and it will help cut the world prices," President Nazarbaev is convinced.

He provided a reminder that the World Bank included Kazakhstan into the list of countries attractive for investments.

"The average annual GDP growth over the 8 past years made 10%, and the international reserves of the country have topped $50 bl," the head of state boasted.

According to him, independent Kazakhstan (since December 1991) has attracted nearly $100 bl foreign direct investments, which is 80% of all investments pumped into Central Asia.

News

© 2006 Visor Capital. All rights reserved.