In difficult times we followed your advice - Nazarbayev to foreign investors
The President thanked foreign investors for the help that they provided to Kazakhstan in the first years of its formation as an independent state.
The 31st plenary session of the Foreign Investors' Council under the chairmanship of the President of Kazakhstan was opened in Astana. It is held under the theme ‘Accelerated modernization’.
The session was opened by head of state Nursultan Nazarbayev. In his welcome speech, he thanked investors for taking part in the 31st session of the Foreign Investors.
We had difficult years after our independence, we passed through the crisis after the collapse of the Soviet Union, south east crisis, the 2007 financial crisis. And, Kazakhstan overcame recession owing to the reserve, that it had owing to the decisions. However, there are enough issues and mistakes, and shortcomings. The main thing that I can say that talking about investment, then Kazakhstan has a per capita figure that is on average higher compared to the world and two times higher than in developing countries. Owing to it, Kazakhstan is being developed and we fulfill new programs. That is, we had a huge work done and thank you all. In difficult times, you advised us, and followed your advice and took joint decisions to combat corruption, worse work of officials by amending out legislation. It would be difficult without you, your huge experience served us greatly," said the head of state.
According to him, the Council is an important platform to discuss the urgent issues of the country’s economy.
The members of the Council that represent the largest world companies, certainly, contributed to our work and recovering the business climate and economy development," said Nazarbayev.
We note that since the establishment of the Foreign Investors' Council, 30 plenary session under the chairmanship of the head of state have been held, which discussed a wide range of issues, including the improvement of a legal regime for foreign investment in the country, the improvement of a judicial system of Kazakhstan, the optimization of the system of taxation and attraction of foreign workforce, the improvement of the investment image of Kazakhstan, future energy, as well as a range of other issues.
The Council was established in 1998 with the aim to ensure direct dialogue between the Government of Kazakhstan and foreign investors for effective resolution of problematic issues related to their investment activity in the country and improving the investment climate of Kazakhstan.
The Council includes heads of 35 large transnational foreign companies and international organizations.
Source: BNews.kz
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