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Bulat Bakauov is looking for reliable partners, new technologies and knowledge in Russia

by October 9, 2019 Legal

The business forum “Investment Day of Pavlodar in Moscow” has started in the Russian capital. At a meeting in the Congress Center of the Chamber of Commerce and Industry of Russia, Akim of the Pavlodar Region Bulat Bakauov promised potential Russian investors all kinds of support, including tax incentives, the provision of an office and social services for workers.

Opening the forum, the akim of Pavlodar region noted that the share of the Russian Federation in the region’s foreign trade is more than 40%. In 2018 alone, trade between Pavlodar and the regions of Russia amounted to about $ 1.8 billion, which is 25% higher than in 2017. To increase this figure, Bulat Bakauov called on Russian businessmen to invest in the Pavlodar region.

Our region is located on the main transport arteries the South Siberian and Central Siberian railways, republican roads, air communications, river transport modes, as well as pipelines and fiber optic data lines, he said. Pavlodar region is distinguished by a unique location within a radius of 500 kilometers from major cities of Kazakhstan and Russia. The region has rich reserves of water and minerals. 65.2% of Kazakhstani ferroalloys, 46.3% of gasoline and 99.6% of alumina and untreated aluminum are produced in the region. 60% of the coal mined is in our region.

Akim of Pavlodar region expressed readiness to cofinance joint projects with Russians. He assured that the region is ready to provide any support to entrepreneurs. In addition to the unified guaranteed measures of state support, this includes the provision of an office free of charge for up to two years, employment and the identification of family members of employees employed by an investor in educational institutions.

The head of the national company Kazakh Invest Baurzhan Sartbaev also took part in the forum. He suggested that Russian businessmen localize in Kazakhstan the production of goods that are now imported into Russia.

Our company has compiled a list of priority countries and cooperation with the Russian Federation is a priority for us, said Baurzhan Sartbaev. Russian investors in Kazakhstan are attracted by political stability, the presence of a legislative base regulating entrepreneurial activity, tax preferences and developed infrastructure. Today, work is underway with Russian investors on projects worth 4.8 billion dollars.

Following the forum, it is planned to sign several bilateral agreements. In addition, the akim of Pavlodar region will hold a series of meetings with Russian businessmen.

Source: Pavlodar region akims office