Kazakhstan-Austrian Business Council 2020
On October 28 of this year, a meeting of Kazakhstan-Austrian Business Council (hereinafter referred to as KABC) took place online with the participation of representatives of the business circles of the two countries.
The meeting was attended by the Vice-President of the Federal Chamber of Economy of Austria, Co-Chair of the KABC - R. Schenz, Trade Adviser of the Austrian Embassy K. Mahal, Chair of the Board of the Union of Mechanical Engineers of Kazakhstan, Co-Chair of the KABC - M. Pshembayev, Ambassador of the Republic of Austria to the Republic of Kazakhstan - V. Kempel, Ambassador of the Republic of Kazakhstan to the Austrian Republic - K. Umarov, Chair of the Board of NC Kazakh Invest JSC - B. Sartbayev, a project manager in the industry and equipment - E. Savoye, Director of KIPR LLP - M. Idrisov.
The meeting discussed topical issues aimed at developing economic ties between the two countries.
In recent years, the Kazakhstan-Austrian cooperation has shown positive dynamics. Currently, there are about 50 enterprises with the participation of Austrian capital operating in Kazakhstan. The volume of Austrian investments in the Kazakhstan economy over 15 years amounted to over $5.7 billion.
As part of the meeting, they discussed relevant issues of cooperation in the field of mechanical engineering, digitalization, energy efficiency, green economy, agro-industrial complex as well as the expansion of mutual trade turnover. The practice of mutual participation of representatives of the engineering industry in bilateral events held in Kazakhstan and Austria was welcomed. In particular, Austrian representatives took an active part in the 8th Forum of the Union of Mechanical Engineers of Kazakhstan held in Nur-Sultan on September 20-21, 2020.
The Chair of the Union of Mechanical Engineers of Kazakhstan M. Pshembayev stressed the importance of strengthening business cooperation between the two countries.
Vice-President of the Austrian Economic Chamber R. Schenz emphasized that Kazakhstan is Austria's priority partner in the region and Austrian firms are ready to invest in the country's economy.
The Kazakh side noted the importance of attracting advanced Austrian technologies to the Republic of Kazakhstan and developing human resources.
Following the meeting, the parties signed the Action Plan of Kazakhstan-Austrian Business Council for 2021. This document is aimed at strengthening bilateral relations in various sectors of the economy.
Additionally, at the meeting, representatives of the business community received additional information on the conditions and opportunities for deepening trade and economic cooperation, establishing direct contacts between companies of the two countries.