Attention of World Economic Forum in Davos to be on governments instead of banks and hedge-funds
This year the main attention of the World Economic Forum in Davos will be on the governments instead of banks and hedge-funds. The Wall Street Journal writes, the agency reports citing information resource inopressa.ru.
Almaty. January 28. Kazakhstan Today - This year the main attention of the World Economic Forum in Davos will be on the governments instead of banks and hedge-funds. The Wall Street Journal writes, the agency reports citing information resource inopressa.ru.
"This year the focus of the World Economic Forum in Davos will be on governments rather than banks and hedge funds."
According to the Wall Street Journal, this is connected with the fact that only taxpayers have money and influence in the conditions of the global financial crisis. "Perhaps this is the first Davos, where capitalism will be recognized as a failed model," the Professor of French Business School, Insean Ethane Capstein, said.
The World Economic Forum will begin in the evening on Tuesday and will be attended by 40 leaders of the states- far more than last year.
According to the Wall Street Journal, two main issues that will be discussed at the forum are: How much will the global recession worsen? and How to achieve the growth needed to overcome it? "Meanwhile, the IMF is likely to reduce its forecast of global growth below 1% because growth in China has been below expectations.
According to the economists, this forum can give a chance for development of a new economic model. "The period of full improvisation begins. There is no best method any more, which could be an example for guidance," Professor of Leiden University, Victor Halbershtadt, explained.
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Signing of the Strategic Partnership and Cooperation Agreement in Astana Opens a New Chapter in Kazakh-British Relations
Images | Kazakh MFA
Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu held talks with Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom of Great Britain and Northern Ireland David Cameron, who is in Astana with an official visit, press service of the Kazakh MFA reports.
The discussion focused on issues of bilateral, regional and international cooperation, as well as measures to enhance the entire spectrum of Kazakh-British relationship.
Minister Nurtleu welcomed dynamic intergovernmental and inter-parliamentary contacts that have facilitated deepening of partnership in various sectors over the recent years, and reconfirmed his readiness to broaden dialogue further between the foreign ministries of two countries.
With a view to increase engagement in trade, economic and investment spheres, Kazakh Foreign Minister underlined the importance of promoting institutional mechanism of cooperation, including the Strategic Dialogue and the Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation.
Foreign Secretary Cameron noted that the UK pays great attention to developing cooperation with Kazakhstan as the key partner in Central Asia. He also expressed support for the ongoing reforms in our country and the readiness of London to deepen its ties with Astana.
An important outcome of the talks at the Foreign Ministry was the signing of the historic Strategic Partnership and Cooperation Agreement between Kazakhstan and the UK that is aimed at strengthening bilateral relations in key sectors, such as foreign policy and security, trade and investment, protection of intellectual property, energy and raw materials partnership, transportation, environment protection and climate change, banking and financial services, employment and social policy, science and education.
According to Minister Nurtleu, "this comprehensive agreement will be a significant step in taking political, trade and investment relations between Astana and London to new horizons… We believe our strong and mutually beneficial strategic partnership will continue to strengthen in all areas, from energy to rare metals, from ecology to education."
A number of bilateral documents in the sphere of healthcare and transport as well as MoUs on opening a branch of Queen’s University Belfast in Almaty and launching Kazakh language courses at Oxford University were also concluded during the visit.
For reference: trade between Kazakhstan and the UK in 2023 reached 1.2 million US dollars (exports - 703 million, imports - 478,7 million).
There are around 600 companies and joint ventures with British capital in Kazakhstan.
The UK is among the top 10 foreign investors in Kazakhstan. Last year, Kazakhstan’s economy attracted 795 million in FDI from the UK and over 17 billion in total since 2005.
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On Official Visit of the Minister of Foreign Affairs of Kazakhstan to Thailand
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Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan Murat Nurtleu paid an official visit to Thailand upon the invitation of Deputy Prime Minister - Minister of Foreign Affairs of the Kingdom of Thailand Parnpree Bahiddha-Nukara, press service of the Kazakh MFA reports.
During the talks, sides discussed the current state and prospects for the development of Kazakh-Thai relations in political, trade, economic, investment, cultural, and humanitarian spheres.
Ministers noted the similarity of positions of Kazakhstan and Thailand on key issues of the global political agenda, especially in the areas of nuclear non-proliferation and security on the Asian continent. In this context, they expressed mutual interest in continuing cooperation at such platforms as the UN, the Conference on Interaction and Confidence Building Measures in Asia and the Dialogue on Cooperation in Asia.
Foreign Minister Nurtleu emphasized the consistent growth of mutual interest of the two countries in the field of trade. The growth of bilateral trade turnover in the post-covid period was noted with appreciation, which reached a historical maximum of 367 million US dollars by the end of 2023.
Thailand is the largest and reliable partner of Kazakhstan in the Southeast Asian region. Over three decades of strong diplomatic relations, regular contacts between our states have paved the way for comprehensive and fruitful interaction," said Kazakh Foreign Minister.
Both sides noted the significant potential of cooperation in the sphere of agriculture and food security. They stressed the need to intensify contacts of business circles and search for the most advantageous conditions for transportation of goods between the two countries.
There is a constructive dialog between our countries, the positions of our states on many issues coincide. Kazakhstan is our key partner in Central Asia," said the Thai Foreign Minister.
Cooperation on tourism is actively developing, the number of direct flights between two countries is growing. In 2023, 172 thousand Kazakh tourists visited Thailand, which is 2.5 times higher than the figure for 2022.
Following the visit, the heads of foreign ministries signed an Agreement between the Government of the Republic of Kazakhstan and the Government of the Kingdom of Thailand on Exemption from Visa Requirements of National Passport Holders. According to this document, citizens of the both countries can stay without a visa for up to 30 calendar days from the date of entry into each other’s territory. The Agreement will come fully valid after the parties finalize the domestic procedures.
A Memorandum of Understanding in the Field of Tourism was also signed between the ministries of tourism and sports of Kazakhstan and Thailand.
Foreign Ministers noted satisfaction with the outcome of the talks and expressed confidence in further fruitful cooperation.
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Kazakh Cinema Days held in Vilnius
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The Embassy of Kazakhstan in Lithuania, with technical support of the national film studio "Kazakhfilm", organized the Kazakh Cinema Days in Vilnius dedicated to the 110th anniversary of Shaken Aimanov, the founder of Kazakh cinema, and the 90th anniversary of the film company. Representatives of the Lithuanian Parliament (Seimas), diplomatic corps, mass media, Kazakh diaspora and public figures attended the screening, press service of the Kazakh MFA reports.
Opening the screening, Ambassador of Kazakhstan to Lithuania Timur Urazaev noted the close cultural and humanitarian ties between the two countries and the mutual interest of citizens in the cultural process. It was noted that the Kazakh steppe has historically been a haven for different ethnic groups, in the XIX-XX centuries having received settlers, exiles and repressed people, among whom were several thousand Lithuanians. Kazakhs have always lent a helping hand in a difficult moment, which made our society multinational and multi-confessional. It is not by chance that Astana became the venue for the Congress of Leaders of World and Traditional Religions - a unique dialogue platform in the modern world. The screening of the film "The Voice of the Steppe" very accurately conveys the essence of the historical drama characteristic of Kazakhstan.
Deputy Speaker of the Seimas Jonas Jarutis noted the positive experience of interethnic harmony in Kazakhstan and expressed gratitude to our people for helping exiled Lithuanians during the years of political repression and deportation to the Kazakh steppes.
The film "Kazakh Khanate. Golden Throne", presented to the Lithuanian audience on the second day, was filmed based on the famous novel "Nomads" by Ilyas Esenberlin and covers the events of the 15th century, when the process of formation of the first Kazakh state was actively underway. The film was screened on the occasion of the 800th anniversary of the formation of the Ulus Juchi and the 5th World Nomad Games, which will be held in Astana from 8 to 14 September this year.
Lithuanian viewers were interested in the production of Kazakh cinema and received virtual access to the archives of "Kazakhfilm", reflecting the evolution of Kazakh cinema.
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