GOVERNMENT OF
REPUBLIC OF KAZAKSTAN

Kazakhstan’s companies have been actively investing into Georgian economy, pointed Serik Akhmetov, Kazakh Minister of Transport and Communications and Chairperson of the Intergovernmental Committee, when speaking at a meeting of Kazakhstan and Georgia business leaders. The meeting was presided over by the Georgian President Mikhail Saakashvili.

Last year, the volume of agricultural produce exports and foodstuffs hit record high of USD 1.3 billion. This was announced by Akhmetzhan Esimov, Agriculture Minister, at a government sitting held today in the Government House.

Georgia President Mikhail Saakashvili arrived in Kazakhstan. At the airport of Astana he was welcomed by Kazakh Foreign Minister Marat Tazhin, Kazakh Transport & Communications Minister Serik Akhmetov, and Ermek Amanshaev, Vice Mayor of Astana.

The overall amnestied capital has so far totaled USD 430 million. This was announced today by Nurlan Akhmetov, Chairman of the Finance Ministry Tax Committee, at a special conference call at the Government’s House.

The Kazakh Government is concerned with the growing threat of capital flight. “Under the liberal economic conditions put in place in Kazakhstan, there’s a threat of capital outflow to more receptive markets of neighboring countries, where no less favorable investment climate has been created in recent years”, noted Aslan Musin, Minister of Economic Affairs and Budget planning, at a session on practical application of the President’s Address to the Nation.