Egypt has reached an agreement to import wheat from Serbia and Romania through the port of Constanta, and is conducting discussions with the European Investment Bank (EIB) on financing the construction of a large field silo in Damietta’s port, a statement by the Egyptian Supply and Internal Trade said on Wednesday. The agreement was announced … Read more
It is necessary to create all conditions to develop and disseminate cross-border electronic document flow within the Eurasian Economic Union (EAEU), Prime Minister Alikhan Smailov of Kazakhstan said Friday, Kazinform correspondent reports. While addressing the Digital Almaty Forum, Prime Minister Smailov noted Kazakhstan is working to switch to e-transport documents in order to create favorable … Read more
The United States of America is among the TOP-5 largest trading partners of the country and ranks fifth with a 6.3%-share. According to official statistics, during 2022, Georgia-USA trade turnover amounted to USD 1 billion 206 million. Trade between the countries increased by 43.1% compared to the same period in 2021 and hit a rate … Read more
Azerbaijan’s export of non-oil products has risen by over 12%, said Economy Minister Mikayil Jabbarov. The measures to diversify economy and increase the export potential resulted in increase of the non-oil products export in 2022 year-on-year to 3 billion 48 million dollars, the minister added. In 2022, total exports of Azerbaijan amounted to 38.1 billion … Read more
A meeting between the Head of the Azerbaijan Export and Investment Promotion Agency (AZPROMO) Yusif Abdullayev and Ambassador of the State of Kuwait to the country Abdullah Muhammad Almauidi has been held to hail the double growth of Azerbaijan-Kuwait trade turnover in 2022, including Azerbaijan’s exports to Kuwait.
The business and investment promotion mechanisms applied in Azerbaijan, the activities of the agency in this field, as well as the support provided to entrepreneurs were highlighted by the Head of AZPROMO Yusif Abdullayev. According to him, it is highly recommended to organize business forums and meetings between the two countries` businesspersons.
The potential for increasing mutual trade and investments, emphasizing the importance of expanding relations between the two countries` business circles was noted by Ambassador Abdullah Muhammad Almauidi.
Views on prospects for cooperation in various fields of the economy were exchanged by the sides during the meeting.
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According to the Kazakh Invest national company’s press service, prospects for cooperation were explored at a Jan. 31 Kazakhstan-Bavarian Investment Roundtable in Munich, the capital of Bavaria, by Kazakh and German officials and business leaders.
Kazakh investment potential’s attraction for expanding Kazakh-German cooperation was highlighted by Deputy Minister of Foreign Affairs Almas Aidarov.
German business leaders were encouraged by Aidarov to invest in Kazakh energy, raw materials, industrial and machinery projects and to develop cooperation in the transport and logistics, agriculture, education, science, and IT sectors.
Government preferences were focused on by Kazakh Invest Chairman Meirzhan Yussupov. Transportation and logistics network, promising opportunities and the country’s investment climate were among the questions asked by German business people.
Aidarov and Yussupov led the Kazakh delegation in Bavaria and held meetings with German companies.
The possibility of creating a scientific and innovative competence centre for working with polyamides and metal powders was addressed by the sides at a meeting with Markus Glasser, Senior Vice President of EOS GmbH, a global technology leader for industrial 3D printing of metals and polymers. A partnership agreement was signed by EOS GmbH and Satpayev Kazakh National Research Technical University following the meeting.
Plans to produce polyethylene wax and nano-particle products using a unique technology in Kazakhstan were announced by Sergej Schmitke, CEO of GS-Bavaria GmbH, a metal powder supplier in nanoparticle size.
Bilateral trade turnover reaching $2.36 billion in 2022 (a 7 percent increase over the previous year ($2.2 billion) makes Germany one of Kazakhstan’s most important partners in the European Union.
More than $5 billion have been invested Germany in foreign direct foreign investments in Kazakhstan’s economy since 2005, most of which has flowed to the processing and manufacturing industries. 52 projects worth more than $4 billion are included in the list of Kazakh-German investment projects.
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The trade turnover between Azerbaijan and Ukraine amounted to about $618 million last year. Official figures suggest that Azerbaijan imported products worth $259.8 million from Ukraine, while the volume of Azerbaijan`s exports to Ukraine amounted to $358 million in January-December 2022. The trade turnover between Azerbaijan and Ukraine amounted to $922.5 million in 2021. Ukraine … Read more
CEFTA Parties start applying the transitional rules on the preferential origin of goods, alongside the with the rules of the Pan-Euro-Mediterranean (PEM) Convention. While waiting for the revision of PEM Convention most of the PEM contracting parties, including CEFTA Parties, EU and EFTA, decided to allow companies to benefit from the modernized and simplified rules … Read more
Kazakh Prime Minister Alikhan Smailov visited a large trading-logistics center and major industrial facilities, including a lead processing plant, pharmaceutical enterprise, oil refinery, and aluminum can production plant on Jan. 27 as part of his working trip to Shymkent, reported the Prime Minister’s press office. “The center’s expansion will allow Shymkent to become a transport … Read more
Georgia-Japan trade turnover amounted to USD 322 million 127 thousand in 2022, which was 56.6% more than the data of 2021. According to official statistics, trade ties with Japan were reduced during the pandemic, but they became more active in 2022. During the reporting period, the trade turnover increased mainly at the expense of imports. … Read more