Czech Republic eager to invest in Kazakhstan’s agro-industrial sector
Kazakhstan and the Czech Republic
intend to bolster cooperation in the agricultural sector. The Czech Republic is
interested in investing in new joint ventures focused on processing raw
materials and food production in Kazakhstan. The parties discussed promising
projects at the Kazakhstan-Czech Business Forum in Astana. To learn more about
the potential of the domestic agricultural industry, the Czech delegation first
visited the Akmola region before holding a series of meetings in the country’s
capital. Now they are set to visit the Turkistan region.
“Our cooperation will primarily concern
agriculture and the food industry. I am delighted to witness Kazakhstan’s
support for the development of the agricultural field. Also, we’re extending
our partnership in other areas, including genetics and mechanical engineering.
I’m aware of Kazakhstan’s intentions to develop new farms using modern
agricultural technologies, and once again, the Czech Republic is ready to assist
you in this. That is why our delegation also included representatives of the
academic and scientific spheres from our universities,” shared Czech Minister
of Agriculture Marek Výborný.
The figures also demonstrate that
the agricultural sector is one of the most attractive areas for bilateral
partnership. The trade turnover of agricultural products between Kazakhstan and
the Czech Republic increased by 40 percent to $12 million this year. In
general, the Czech Republic is one of Kazakhstan’s strategic partners among the
Eastern European states. In 2022, Czech business circles invested $20 million
“Overall, $2.8 billion has been
invested throughout Kazakhstan’s history, and more are still to come.
Kazakhstan serves as a big logistical hub for European countries, and we hope
that investments will continue to grow each year. Kazakhstan and the Czech
Republic have great potential for cooperation namely in areas such as machine
building, metallurgy, manufacturing, and, of course, agriculture,” said Altynai
Mukanova, head of cooperation with European countries at the Kazakh Invest