Kazakh PM offered Estonian businessmen to consider Astana Hub as a platform for businesses

05 November, 2018, 15:34 263
Kazakh PM offered Estonian businessmen to consider Astana Hub as a platform for businesses

The Kazakh Prime Minister also noted that Astana Hub will be a regional innovation centre promoting technological initiatives. 

 

The Prime Minister of Kazakhstan, Bakytzhan Sagintayev, told Kazakhstan's interest to expand trade and economic and investment links with Estonia on the sidelines of the Kazakh-Estonian business forum, BNews.kz correspondent reports. 

"We have just held a bilateral meeting with the Estonian Prime Minister, discussed diverse directions of our cooperation, as well as there has been an interesting open dialogue. The main directions, points of convergence of our cooperation have been defined, as well as instructions were given to our interested government agencies so that our agreements start working for the good of our states' development," said Bakytzhan Sagintayev. 

The Prime Minister noted that Estonia is one of our important trade and economic and investment partners of Kazakhstan in Northern Europe. So Kazakhstan is interested to expand trade and economic and investment links with Estonia. 

"I am convinced that we have a big potential for cooperation. We have talked over the development of our cooperation in transit and transport, clean-up and energy-efficient technologies, IT, in which Estonia is rightfully considered as a 'digital' leader," he said. 

The Kazakh Prime Minister underlined that Kazakhstan is the state with a predictable and favourable investment climate that conducts a trade policy corresponding to norms of international law. 

Credit: Baurzhan Zhuassbayev 

According to him, the country has reduced the tax burden, developed preferences, simplified project planning procedures in public and private partnership. As well as migration and labour legislation has been improved, the procedure of attracting foreign workforce has been simplified. 

"11 special economic zones and 22 industrial zones in diverse sectors and various preferences operate in our country. Today, I have told the Prime Minister that Kazakhstan has a strong desire to be a member of the OECD. Kazakhstan is a member of the Committees on Investment and Competitiveness, as well as joint the Declaration on International Investment," he said. 

Sagintayev also underlined that Kazakhstan aims to implement the elements of the Fourth Industrial Revolution: 3D printing, online shopping, mobile banking, digital services, automatization, robotization, artificial intelligence and 'big data' exchange. 

Concluding his speech, Bakytzhan Sagintayev noted that the Astana Hub international centre of IT startups will be launched on November 6 in Astana. 

"I am grateful to the Estonian Prime Minister for a decision to officially partake in the presentation of the Hub. We will visit the event tomorrow, where the President will take part. All potential and privilege necessary have been created in Astana Hub to promote businesses. We have simplified visa and labour regimes for foreign participants of Astana Hub by law. And now works to simplify taxes for the Technopark's residents are carried out. So we tell everyone wishing to work within the Startup-Hub that they may be registered. We will provide grants, we are ready to provide you with accommodation," he said.  

The Kazakh Prime Minister also noted that Astana Hub will be a regional innovation centre to promote technological initiatives and invited Estonia's companies to actively consider Astana Hub as a platform for opening businesses.