Articles

Kazakhstan – the key to Central Asia

There is a country that is particularly interesting for investors, arousing more and more interesting among us. Kazakhstan has developed rapidly over the last 10 years and how magnesium now attracts foreign contractors. Recently, many important trade agreements were signed in Astana, for example with China, which perceive Kazakhstan as an important partner in co-creating the New Silk Road. The president of the Republic of Poland during his visit and Polish entrepreneurs taking part in Expo 2017 in Astana also strive to extended cooperation.

The predicted GDP of Kazakhstan this year is expected to increase by 3 percent, and according to the World Bank, it will be even higher in 2018. What are the advantages of the local economy?

– rich raw material network – oil deposits. natural gas, iron ore, copper and zinc (it is in Kazakhstan that PeBeKa, part of the KGHM group, would implement joint projects with the Chinese Metallurgical Corporation of China)

– strong agriculture and machine industry (in these sectors cooperation between Poland and Kazakhstan is expected to increase)

– space industry (Bajkonur spaceport is located in this country)

Thanks to the relaxation of legal procedures and tax simplifications, income from trade between Poland and Kazakhstan is constantly growing. In addition, our Middle Eastern partner was on the 35th place out of 190 possible in the World Bank ranking „Doing Business”. The ambitious program „Kazakhstan 2050” assumes that the country will be in the group of 30 most economically developed countries in the world. Astana will not be so dependent on fluctuations in raw material prices, which in recent times have been quite unstable. Why should we not take a closer look at the characteristics of the business there?

Trade between Poland and Central Asia is developing due to the increase of Kazakhstan’s economic pace, resonable spending planning and improving innovation. In the Kazakh capital, a regional financial center is slowly but gradually being created. Access to the Eurasian Union countries for international businessmen would be fully open thanks to the agreements between Poland and Kazakhstan.


Poland’s president of the cabinet, Krzysztof Szczerski, pointed out that the growth rates of trade between Poland and Kazakhstan over the past year after President Nazarbayev’s visit from Kazakhstan to Poland only increased by 90 percent. However, exports from our country to Kazakhstan increased by 60 percent. Thanks to the visit of the President and the promotion of Polish goods at the common economic forum and at EXPO 2017 Astana, there is a huge opportunity for businessmen. At the moment, Kazakhstan implementing large infrastruture development programs. New highways and rail connections are being built, which are closely connected with the New Silk Road passing also through Poland. Polish companies (including pharmaceutical, chemical, mining) are already benefiting from the favorable situation in order to win the Kazakh market – the key to Central Asia.

Sources:

 http://biznes.pap.pl/pl/news/search/info/27342896,pebeka-rozpoczyna-prace-nad-lista-wspolnych-projektow-z-chinskim-partnerem-%E2%80%93-prezes-kghm-(wywiad) 

http://www.doingbusiness.org/data/exploreeconomies/kazakhstan 

https://www.google.pl/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjc99qS7O7XAhXEC5oKHa7JAM8QFggnMAA&url=http%3A%2F%2Fwww.prezydent.pl%2Faktualnosci%2Fwizyty-zagraniczne%2Fart%2