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Economic Mission of Austrian companies in Kazakhstan

Wimi2008_Almaty(c)
16.10.2008

Austrian Economic Mission was in Kazakhstan 13 and  14 of October . Over 30 Austrian companies and over 100 Kazakhstan's companies participated there. In the frames of Economic Mission in Astana it was Austrian-Kazakhstan Business Forum, which  Vice-President of Austrian Federal Economic Chamber Mr. Richard Schenz and Chairman of National Economic Chamber of Kazakhstan "Soyuz Atameken" Mr. Azat Peruashev attended. 

 Bilateral trade between Austria and Kazakhstan raised by 12 times within 15 years said Chairman of National Economic Chamber of Kazakhstan "Soyuz Atameken" Azat Peruashev speaking at Austria-Kazakhstan Business Forum in Astana, October 13.

Mr. Peruashev remarked that bilateral trade between Austria and Kazakhstan has a trend for growth, as bilateral trade for 2007 is 230 mio USD, but for six months of 2008 it is over 146 mio. USD already.

More than 50 companies with Austrian capital share work in Kazakhstan at present. Most of them concentrate their activity at extraction and processing of oil&gas raw materials, metallurgy. At the same time Austria exports to Kazakhstan goods of food industry, machinery, equipment and electronics.

Austrian and Kazakhstan's businessmen participated in contacts exchange in Almaty, October 14.
 
Austrian and Kazakhstan's businessmen think that extension of bilateral cooperation has a huge potential not only in extracting industries, but in agriculture, investments (Austrian investments in Kazakhstan are about 2.6 bil USD of total 72 bil.USD) and new productions development as well.

Source: www.zakon.kz , www.inform.kz

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