International Economic Centre to Be Set Up in Kostanai

Chairman of the Public Association of Germans in Kazakhstan Alexander Dederer recently announced that an international economic centre is going to be opened in the city of Kostanai in northern Kazakhstan. The centre will provide information about business opportunities the Kazakh market can offer to foreign investors and large companies, reported the Central Communications Service.

Alexander Dederer announces plans for the new international economic centre at a Central Communications Service briefing in June.

The German community has been working over the past several years to attract German business and establish mutually profitable cooperation with Kazakh partners. The association provides informational support concerning local business development programmes by initiating international conferences and inviting foreign experts.

“We held a conference in Frankfurt, Germany on March 20, which brought together over 200 representatives of German business, who expressed their interest in working with Kazakh partners. We are also planning to establish such platforms for dialogues in Kazakhstan. The next step will be to gather small- and medium-sized business representatives from Germany in Petropavlovsk and contribute to a dialogue with the local business community,” explained Dederer.

Kazakhstan has created favourable conditions for the creation of new enterprises in the country, including foreign companies.

“More and more German companies come every year to Kazakhstan to establish their business here. There are more than 600 German companies represented on the Kazakh market, including such giants as Siemens AG, ABB and Strabag SE. Most of them operate in the manufacturing and service sectors,” said Dederer.

According to him, the association is now working to attract another European engineering giant, the Claas enterprise. This company produces agricultural machinery and equipment.

“Local producers prefer to work with machines produced in Germany, as they understand that you cannot do a serious and successful business by saving costs on the equipment you need,” explained Dederer.

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