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How Kazakhstan Attracts Greek Business: Major Investment Projects Underway

Kazakhstan and Greece are forming a portfolio of joint investment projects and deepening cooperation in energy and agro-industry, reports Todayinfo news agency.

By Мұхтар Жексенбай··2 min read
How Kazakhstan Attracts Greek Business: Major Investment Projects Underway
📷 Дереккөз: inbusiness.kz

Kazakhstan and Greece are taking an important step towards strengthening economic partnership by forming a portfolio of joint investment projects. Talks in Athens showed mutual interest in expanding cooperation in key sectors from energy to agro-industry, reports Todayinfo news agency.

Deputy Minister of Foreign Affairs of Kazakhstan Alibek Kuantyrov held a series of meetings with representatives of state bodies and business circles of Greece during a working visit. Following the talks, priority areas were identified for launching new investment projects and further expanding bilateral trade and economic cooperation.

At a meeting with Deputy Minister of Foreign Affairs of Greece Harris Theocharis, the parties discussed preparations for the next meeting of the Kazakhstan-Greece Intergovernmental Commission on Economic and Technological Cooperation, as well as topical issues on the bilateral agenda. "Kazakhstan is one of Greece's key partners, especially in the energy sector. In addition, we see significant potential for expanding cooperation in agriculture, logistics and other areas," the Greek diplomat said.

In turn, Alibek Kuantyrov emphasized the readiness of the Kazakh side to deepen interaction and practically implement joint initiatives. "We see significant potential for launching joint projects in industry, energy and infrastructure. It is important to focus on specific initiatives that will bring mutual benefit and sustainable economic results," said the Deputy Minister of Foreign Affairs of Kazakhstan.

Special attention was paid to financial, economic and institutional interaction. At a meeting with the head of the Independent Authority for Public Revenue of Greece, Georgios Pitsilis, issues of improving tax administration, digitalization of public services, as well as prospects for concluding an agreement on avoidance of double taxation were discussed.

During negotiations with the President of the Black Sea Trade and Development Bank Serhat Köksal and the Vice Chairman of Growthfund (Greece's State Assets Corporation) Panagiotis Stampoulidis, opportunities for establishing practical investment cooperation, including participation in infrastructure and financial projects in Kazakhstan, were considered.

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