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contents 18 10 destination kazakhstan investment climate in kazakhstan travelling for investments 28 destination europe spanish determined fight against the economic crisis 32 expert opinion the investment climate in kazakhstan is one of the most favorable among the cis countries will the new tool of investment become a factor of saving and wealth business climate in kazakhstan kazakhstan s investment climate great expectations taking the pulse of the ceos new market realities perspectives of the development of pharmaceutical industry in kazakhstan 60 life style motivation through coaching[close]
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66 books corner eurobak secretariat office julie kussidi eurobak executive director artyom belenkov darya ruzanova julie kussidi editor in chief editing of english version epmg company epmg 8 727 328 16 05 marketing tatyana borodikhina wmdirector@eurobak.kz anna ter-pogossyan wmdevelop@eurobak.kz olga ivassiv wmanager@eurobak.kz yelena chichibabina wmassistant@eurobak.kz design anna denisova 69 www.eurobak.kz welcome new members published since february 2006 2006 address rahat palace hotel 10 th floor 29/6 satpaev str almaty 050040 tel fax 298 02 33 250 34 76/77/78/79 e-mail executive@eurobak.kz website www.eurobak.kz printed by print house gerona 458/460 seifullina ave tel 279 93 41 266 29 18 almaty republic of kazakhstan 10 29/6 050040 298 02 33 250 34 76/77/78/79 e-mail executive@eurobak.kz website www.eurobak.kz « print house gerona» 458/460 279 93 41 279 95 65 79 tax committee 80 hr committee 88 bowling circulation 4000 copies 4000 issued on bi monthly basis no 334 2012 no 334 2012 registration certificate no 8037 dated 10 january 2007 issued by the ministry of culture information sport of the republic of kazakhstan publisher kussidi owner sipova n the opinions of the authors may not always coincide with the opinions of the editors the editors are not responsible for the contents of the advertisements placed and the reliability of the information from the information agencies reprinting of materials published in this magazine in any form including electronic mass media is only with permission of the editors 88 no 8037 10 2007 delivery partner fedex fedex 3 56 38 00 distribution list eurobak members hotels intercontinental hotel almaty hyatt regency almaty rixos almaty hotel kazakhstan hotel almaty dostyk almaty hotel radisson sas hotel astana ramada plaza astana hotel rixos astana hotel chagala hotel atyrau renaissance atyrau grand nur plaza hotel aktay renaissance aktay to the management of main kazakhstan and international companies direct delivery airlines onboard 93 airlines hotels restaurants air astana etihad airlines ministries and agencies of rk embassies international exhibitions and conferences kioge kazbuild kazenergy in addition to the print version world monitor magazine is available in electronic world monitor format through eurobak website www.eurobak.kz www.eurobak.kz[close]
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editor s address welcoming new members to eurobak citibank kazakhstan denkerst gefco integrites international law firm khimpharm jsc kimep nomad insurance nutricia danone rolls-royce ipeopl sled production house taib kazak bank thunderbird worldwide kazakhstan dear reader our great honour to welcome new members we are happy to report that since january 2012 we have almost 40 new members joined over 1000 people have attended our events we are often asked by different companies how many people work in eurobak secretariat and editorial team of world monitor magazine well each has only 4 team members we are two small but quite efficient teams this issue is dedicated to investment and business climate in kazakhstan we are presenting to your attention interviews with mr kairat kelimbetov vice prime minister on changes in the legislation to improve investment climate in the country and plans on implementation of the investment projects eurobak with support of the diplomatic community continues our constructive dialogue with the government of kazakhstan on various matters through established committees within the association this brings additional value to the members annual catalogue 2012-2013 representing in detail our membership is being printed and will be distributed shortly we thank our members and all partners and contributors to the association and world monitor magazine for ongoing support enjoy your reading and a wonderful summer sincerely yours julie kussidi julie kussidi eurobak executive director world monitor editor-in-chief 2012 40 1000 world monitor 4 2012-2013 world monitor delivery partner 8 world monitor[close]
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destination kazakhstan investment climate in kazakhstan at the 25th meeting of the foreign investors council that was held in may of this year the president of the republic of kazakhstan nursultan nazarbayev noted significant progress in the diversification and transition to an innovative economy and stated that during the last year investments in kazakhstan amounted to 18 billion us dollars in an interview the deputy prime minister of kazakhstan kairat kelimbetov told us what conditions have been created for foreign investors to operate in the country as well as about major investment projects that are planned to be implemented this year we think that tremendous progress has been achieved within the framework of improving the investment climate first of all work on kazakhstan s being accepted as a member of the wto is at an advanced stage as the country becomes a transparent partner for investors from the developed countries not only in the primary industries but also in the non-commodity sectors secondly there is an active process of economic integration especially the creation of the customs union and the formation of the cfmz which have been major factors in the improvement of the investment climate kazakhstan has a unique formula because on the one hand we can say to investors that we guarantee a transparent and predictable legislation and practice in kazakhstan while on the other hand we can offer access to russian and byelorussian markets it is also worth noting the opportunities for investors using kazakhstan as an advantageous transport and logistics location in relation to the chinese market the value of foreign investments into the country is extremely high during 2011 19 9 billion us dollars of direct investments were injected into the economy of kazakhstan which is 10 higher than in 2010 18.1 billion us dollars in terms of investing countries for 2011 the major investors were the netherlands 11.1 billion us dollars or 15.5 the russian federation 11.0 billion usd or 15.3 great britain 7,0 billion usd or 9.8 switzerland 5.6 billion usd or 7.8 and china 5.3 billion usd or 7.3 a huge flow of fdi is observed from the usa germany and france kairat kelimbetov deputy prime minister of kazakhstan kairat nematovich could you please tell us whether there are any changes within the current legislative framework for providing the attraction of foreign investments into the country if so what are they and what impact will they have and how many investment projects are planned to be implemented this year the investment climate in kazakhstan is one of the most favorable among the cis countries 10 world monitor[close]
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destination kazakhstan a program for attracting foreign investments and for further improvement of the investment climate for national and foreign investors in conjunction with developing free economic areas and the stimulation of exports in or from the rk during the period 2010 to 2014 is currently being implemented it worth noting that the free economic areas are one of the major factors attracting investors as of today all the required conditions for investors in this direction have been created in kazakhstan with nine free economic areas being created in kazakhstan three were created in 2011 with the specific industry focus of the development of metallurgy and metal processing the development of transportation and logistics capacity and the development of chemical and petrochemical industries in terms of further strengthening of the politics for attracting foreign investments and the creation of favorable conditions for conducting business in kazakhstan a range of measures to attract investments and improve the investment climate of the country have been introduced the legislative framework for the improvement of the investment climate in the country is constantly being revised in january of this year a law of the republic of kazakhstan on state support of industrial-innovation activity which amended investment legislation within the rk was adopted specifically a special regime for strategic investment projects was introduced and measures of state support for subjects of industrialinnovation activity on attracting foreign investments were undertaken this year at a legislative level a[close]
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destination kazakhstan package of investment preferences involving the remission of customs duty when importing spare parts raw and other materials was extended the tax climate in kazakhstan is favorable and attractive in the framework of the cfmz and customs union kazakhstan s tax regime is the most favorable a new tax code that came into an effect on january 1 2009 is aimed at decreasing the tax burden on non-oil and gas sectors of the economy in order to create conditions contributing to the modernization and diversification of the economy to increasing the attractions of investing in kazakhstan and to improving the conditions for conducting business through the improvement of tax administration and the simplification of revenue procedures the vat rate 12 applied in kazakhstan is one of the lowest standard rates in the world the procedure for obtaining investment tax preferences was significantly simplified it is important that along with the generally established procedure the kazakh tax system stipulates a special tax regime for subjects of sme and aic within the territory of the newly created free economic areas for the development of certain sectors of the economy a privileged tax regime is in operation this first of all is liberation from cit real-estate and property tax in addition to a 0 vat rate for goods imported into the territory of the free economic areas the tax system is an effective mechanism of stimulating the development of the non-oil and gas sectors of the economy and attracting investments in comparison with other countries the tax burden in kazakhstan is lower and more favorable for attracting investors and developing a business according to the results of the paying taxes research conducted by the world bank and pwc kazakhstan is in 17th place out of 183 countries on ease of paying taxes and 11th place in the number of tax payments according to the results of 2011 global competitiveness index kazakhstan improved its position from 54th place to 31st place as regards total tax rate charged improvement in the tax system of kazakhstan was aimed at creating a favorable investment climate stimulating business in the non-oil and gas sectors of the economy through the strengthening of international competitiveness the facilitation of the free flow of capital between countries and the development of competitiveness and the development of the economic activity of the population p.s during the meeting of the foreign investors council chaired by the president of kazakhstan all of the participants from major foreign companies international organizations kazakhstan state bodies and national companies and business representatives were highly appreciative of the current business climate in kazakhstan and of the measures undertaken to improve the conditions for attracting investments into the country within the framework of the astana economic forum astana invest the international investment forum was held for the third time currently a solid portfolio of proposals for 45 projects which are ready for implementation within the territory of the technological park astana the new city has been developed all in all within the framework of the astana economic forum more than 50 memorandums of understanding totaling more than 1 billion us dollars have been signed 12 world monitor[close]
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