World Monitor Magazine June #3 - Page 39

Invest to kazakhstan In addition, Kazakhstan is interested in cooperation in the sphere of export-oriented, high-tech products of the manufacturing industry, information technologies, MMC, and agro-industry. We want to introduce the elements of Industry 4.0 into production, use industrial internet and smart technologies, as well as digitalization and 3D printing. Also, the European companies have developed expertise in alternative energy and green technologies, modern financial technologies, etc. There are already good illustrations of work, for example, of German companies in Kazakhstan. Heidelberg Cement produces cement at three factories in Kazakhstan, which provide one-third the needs of the domestic market and exports products to Russia, Uzbekistan, Turkmenistan and Azerbaijan. This year, the company bought four cement production plants, and the total capacity of all plants in Kazakhstan will be about 13 million tons of cement per year. Knauf, Funke Kunststoffe and Henkel produce construction materials. Linde – industrial gases; Boehmer – production of ball valves. Isoplus – pipe production. METRO Cash and Carry – retail. Everybody knows that attracting investments is one of the most important priorities of the state policy of Kazakhstan. Could you highlight the innovations in investment policy? Why should a European investor choose Kazakhstan? That's right. On the instructions of the Head of State, the government has developed new approaches, which will soon find their consolidation in the national investment strategy. The strategy will cover a wide range of issues important for investors and the state. The most important for the investor is the comfortable investment climate and the proactive position of the state. To improve the investment climate, we focus on the standards of the Organization for Economic Cooperation and Development member countries. In 2011, the OECD experts have performed the first review of the investment policy and provided recommendations for its improvement. During these five years, many things have changed: within the framework of the Nation's Plan to Implement 5 Institutional Reforms of the President of the Republic of Kazakhstan, N. Nazarbayev, the judicial system has been revised, taxation and customs administration improved, the permissive system optimized, the conditions for doing business radically improved, and the protection of intellectual property rights strengthened. And this is not the end, changes have affected all areas. In 2016, the OECD has performed a second review of Kazakhstan's investment policy, noted significant progress in implementing the 2011 recommendations. As a result of the second review, the OECD has invited Kazakhstan to join the OECD Declaration on International Investment and Multinational Enterprises, and to become an associated member of the OECD Investment Committee. This is an important signal for investors, Kazakhstan's investment climate meets the high standards of the OECD and, most importantly, the state undertakes obligations to comply with best practices and recommen ][ۜوHP[[۝[YHܚۈ[\ݚ[Hۙ][ۜ܈\[\[[\Y[ HX[YHX]KHH[\܋[Z][HY[HXY\[\\Y[^Z[H]YH[]\Z[HH[ܚ]H\X[ۜ΂\HZH[\Y[˜[\H]X[K]\H[ۘ[]HۈXYX˜[Y\[\[Y\H[ۙXH[ܚ]X[\H[\ܜ[ܚ]BXܜو^Z[Xۛ^K܈\\K\YX\BXX[^Y][ۘ[[\Y[]X[ۈ\[H^Z[\\\X\Y \\\HX[[H^Z[\[XYHH8&ۙH[&H܂[\ܜX[[\HZ\]X[ۋXZ[[[K8&[[&HقڙX\[\ Z[\Y[\ܝ [Y][ۋH\[B[]H]\\[]]\XY[[HY[ۜ˂\ܝ[\ܜš[\[Y[ڙX[[ܚ]BXܜوHXۛ^K\H\BXYHو[]][ۜ[]KB\ܝYYX\\\܈[\ܜ΂^[\[ۈH\\]Y\U[[^܈ LYX\[\H^܈YX\]B\[][ۈو\][[\ܸ&\™^[]\\ K[]X[ܙK[Y][ۋ^Z[\B\]Z\Y[\X\NXX[XۛZXۙ\[\X[ۙ\˂\ܝYHUTАRŒ