Austria Expands Economic Cooperation with Kazakhstan « Kawther Salam

Austria Expands Economic Cooperation with Kazakhstan « Kawther Salam

Austria Expands Economic Cooperation with Kazakhstan

23.10.2012 – The Presidents of the Austrian Chamber of Commerce (WKO) Dr. Christoph Leitl, Dr. Richard Schenz, and Mag. Karl Hartlieb, received today morning at the building of the Austrian Commerce Chamber, Federal President Heinz Fischer and his counterpart Nursultan Nazarbayev, President of Kazakhstan, in the course of a two-day visit to Austria, which includes the signing of several trade and cooperation agreements with Austria.

A group of protesters were waiting for Kazakh President Nursultan Nazarbayev and his delegation before the Austrian Economic Chamber of Commerce (WKO), calling the attention of the journalists present at the event and the public passing by. The group was chanting and calling Nazarbayev a dictator for whom there is no place in Austria, and protesting the abuses against human rights of his regime.

19 letters of intent for detailed business contacts between Kazakhstani and Austrian companies were signed as a prospective business volume of EUR 180 million. The thematic areas of this enhanced cooperation stretch from railways and energy-efficient green buildings to training of professionals by WIFI and the development of alpine tourism. The agreed projects are part of a broader list of proposed projects with a total value of 500 million euros, which will be completed by 2015.

At 11:50, the president took part in a business forum and delivered a speech in the house of the economy in presence of the representatives of more than 200 Austrian companies.

President Fischer said that Austria is located in central Europe and anyone who chooses its location can do business across Europe. He added: “Kazakhstani companies are welcome in Austria”. According to President Fischer, Austria had always been interested in development of bilateral relations since the independence of Kazakhstan 20 years ago and has also promoted this interest.

President Fischer added: “There is also the impressive figure in the economic sector, which we can be proud of. The bilateral trade volume was 1.6 billion euros in the previous year. In the first seven months of 2012, Austrian exports to Kazakhstan rose by 30% to € 141 million, while imports from Kazakhstan increased by 32% to 943 million euros. For the full year, a new record high in bilateral trade is expected”.
President Nazarbayev delivered a speech at (WKO), He said: “My goal is to diversify the Kazakh economy and make it independent of energy exports. It is an incredible potential for closer cooperation with Austrian companies and their know-how in technology, environmental engineering, medicine or tourism develops”, said Nazarbayev. It adds as a bonus for companies that locate in Kazakhstan and that they may enter through the various customs unions of Kazakhstan with its neighbours in a market of over 170 million people.

Nazarbayev said that the reason of his visit to Austria was the deepening of cooperation in the economic field.  According to him, “the agreements signed today, 19 project proposals are excellent and exactly in those areas that are needed in Kazakhstan”.

From his side, WKO President Dr. Leitl emphasized in his opening speech the good economic cooperation between the two countries, Austria and Kazakhstan, where the potential is far from exhausted, saying that one area for deeper relations is the sector of vocational education and training, where Austria has lots to offer as a “fledgling European champion in the recently concluded European professional championships”.

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