Privatization of more than 700 assets will open opportunities for German business - Tokayev

Date: 09:42, 06-12-2019.

Astana. December 6. KazTAG - Kassym-Jomart Tokayev, President of Kazakhstan, said that privatization of more than 700 economic assets will open opportunities for German business in Kazakhstan, reports Akorda.
“Being the 4th largest economy in the world, Germany occupies only the 12th position in our economy in terms of investment presence. In the near future, 700 large, medium and small assets of our economy will be privatized, which opens up good opportunities for German entrepreneurs. The more investments will be attracted, the more profitable it will be for both sides,” the Head of State stressed.
Kassym-Jomart Tokayev said that Kazakhstan is ready to offer special conditions for German investors, which would be beneficial for both sides.
The Head of State noted that as part of the continuity of its foreign policy, Kazakhstan will continue to implement the initiatives of the First President – Elbasy Nursultan Nazarbayev.
Stressing that Germany has become the first state of the European Union, which he visits with an official visit as President, Kassym-Jomart Tokayev called it as important to further strengthen the partnership. According to the President, the main purpose of his visit is to give additional impetus to economic cooperation and political interaction between the countries.
In particular, the President of Kazakhstan was asked to comment on the decline in trade between the two countries. Over 8 months of 2019, exports from Kazakhstan to Germany fell by 21.4%, which experts attribute to the situation in the oil market.

Photo source: akorda

Share the news: