Kazakhstan-Spain trade turnover surpasses $2B
The trade turnover between Kazakhstan and Spain exceeded $2 billion, announced Kazakh Ambassador to Spain, with concurrent accreditation to Andorra, Konstantin Zhigalov.
The trade turnover between Kazakhstan and Spain exceeded $2 billion, announced Kazakh Ambassador to Spain, with concurrent accreditation to Andorra, Konstantin Zhigalov.
We do our best to use a variety of means for the intensification of our bilateral cooperation with Spain and invite the Spanish companies, which are key ones in their country. When investment and export matters were transferred to our foreign-policy establishment, we have conducted a complete inventory of trade and economic cooperation," the ambassador told a briefing at the Kazakh MFA.
Konstantin Zhigalov also named a number of Spanish companies operating in Kazakhstan.
We found out that 42 Spanish companies, including quite large companies, are actually operating here. For instance, there is Talgo, a company of world renown. You have, probably, traveled by such a train at least once. MAXAM is also a serious and big company producing explosives and has 4 enterprises in Kazakhstan. Airbus is the biggest aircraft manufacturer - it produces passenger and military transport ones. Kazakhstan is among the top three partners of Airbus in terms of C295 aircraft. We have already purchased 8 aircraft, and 3 more are to be bought," the diplomat informed.
It should be mentioned that many Spanish fashion brands are actively winning Kazakhstan.
The ambassador also said that there is the Business Council and the Kazakh-Spanish Intergovernmental Commission on Cooperation.
The Kazakhstani diplomat also noted that in July 2019 it will be ten years since the signing of the Strategic Partnership Agreement between Kazakhstan and Spain.
Source: Kazinform News Agency
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Government plans to reduce inflation to 5% by 2026 - Alikhan Smailov
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The Prime Minister noted that annual inflation, having reached its peak in February, decreased to 10.8% by the end of October.
To date, we already see a two-fold reduction. We forecast that by the end of the year the annual inflation rate will be below 10%. This shows that the relevant set of measures implemented by the Government and the National Bank is yielding results," Alikhan Smailov said.
Thus, the activity of stabilization funds has been reformatted. Funding is directed to agricultural producers as a priority, which allows to support domestic production, develop this sector of the economy and stabilize prices in the market. In addition, commodity interventions are implemented to stabilize prices during the off-season.
Along with this, control activities of regional commissions have been organized. In general, about a thousand unproductive intermediaries have been identified.
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Prime Minister emphasized that the work to reduce inflation by another 2 times in the medium term, i.e. to 5% in 2026, would be continued.
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400 investment projects worth 4.6 trillion tenge to be implemented in Kazakhstan in 2024
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In a briefing for the media after the Senate meeting, Prime Minister of Kazakhstan Alikhan Smailov spoke about the work to attract foreign direct investment in Kazakhstan and the implementation of new investment projects, primeminister.kz reports.
As noted by the Head of Government, the issues of attracting investment in the Republic is given priority importance, as it directly stimulates economic development.
Last year we had a record for the past 10 years, the volume of foreign direct investment amounted to $28 billion. First of all, these investments went to the mining and metallurgical complex, manufacturing, trade, transport and financial sector," Alikhan Smailov said.
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In any case, the level of $27-28 billion is a record level for Kazakhstan for the last 10 years. We intend to continue to support such high dynamics of attraction of investments. The Head of State sets a task before us to attract $150 billion of direct foreign investment until 2029," the Prime Minister announced.
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Alikhan Smailov holds IMF mission head meeting in Kazakhstan
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For us, the main tasks are to ensure macroeconomic stability and further sustainable economic growth. In this context, we are grateful to the IMF for its continued support," Alikhan Smailov said.
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The volume of transactions using payment cards of Kazakh issuers amounted to 14.4 trillion tenge (about $30.9 billion), the number of transactions was 1.02 billion in September 2023, Trend reports.
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