The Kazakh-Austrian Business Council held in Astana

Representatives of Kazakhstani companies discussed the latest trends in the machine-building industry at the council, expanded the network of new business partners, discussed new projects and learned about the latest Austrian technologies and know-how.

Chairman of the Union of Machine Builders of Kazakhstan Meiram Pshembaev noted that for 5 years the Kazakh-Austrian cooperation demonstrates positive dynamics. The amount of investments in Kazakhstan from the Austrian side for the period of cooperation amounted to more than 2.8 billion dollars. At the end of 2016, exports from Kazakhstan to Austria amounted to 663.9 million euros, imports from Austria to Kazakhstan – 224.6 million euros.

Kazakhstan exports to Austria oil, wheat, ore and metals.
The number of joint projects has reached 43 companies including OMV, Kapsch, Strabag, Bertsch, Porr, Siemens, Swarovski, VAMED, Doppelmayr, Christof Group. Cooperation has been established for the production of rail rails, sensor technologies for railways, the supply of cranes and the creation of a local service center for marine and mobile harbor cranes.

The Kazakh-Austrian partnership today is directed to the manufacturing sector: engineering, MMC, chemistry, petrochemistry, pharmaceutics, logistics and tourism.

The following representatives from both sides participated on this event: the vice-minister of science, research and economy of the Republic of Austria and the co-chairman of the Austrian-Kazakhstan joint commission Bernadette Girlinger, the Austrian government commissioner for EXPO-2017, the vice-president of the Austrian Federal Economic Chamber, the co-chairman of the Kazakh-Austrian Business Council Richard Shenz , Regional Director for Eastern Europe and Central Asia, External Economic Service, Federal Economic Chamber of Austria Michael Angerer, Chief Operating Officer of the Service, the former economy of the Austrian Federal Economic Chamber Patrick Zagmeister, the Vice-Minister for Investments and Development of the Republic of Kazakhstan Yerlan Khairov, the vice-chairman of the board of Kazakh Invest, JSC Nursultan Djienbaev and the managing director of Development Bank of Kazakhstan JSC Botagoz Abisheva.

In general, more than 100 Austrian companies were represented on the council.

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