Kazakhstan is strengthening its cooperation
with international financial institutions. The European Bank for Reconstruction
and Development (EBRD) will finance the modernization of the Aktobe–Ulgaisyn
road section. The corresponding agreement was signed during a meeting between
Prime Minister Olzhas Bektenov and EBRD President Odile Renaud-Basso. The
project is important for improving transport connectivity and ensuring transit
flows through Kazakhstan. The parties also discussed a project to construct a
substation in Astana. The EBRD President expressed her intention to jointly
develop a country platform in the energy sector, which will help attract green
investment into the industry. Last year, the international financial
institution more than tripled its annual investment in Kazakhstan’s economy. A
total of 25 projects across various sectors were signed, amounting to $935
million.
«We see a number of positive reforms going
forward and currently being undertaken in Kazakhstan. This is particularly
across infrastructure side. National infrastructure plan is important. Banking
law is being revamped at the moment. We very much stand ready to work with
Kazakhstan on having more public private partnerships as well,» noted Hüseyin
Özhan, Managing Director for Central Asia and Mongolia at the European Bank for
Reconstruction and Development.
Kazakhstan expands pharmaceutical production
In Shymkent, new production facilities and
modern laboratory spaces will be built at the Chimpharm plant. Prime Minister
Olzhas Bektenov discussed the enterprise expansion project with Jerzy Starak, Chairman
of the Polpharma Group Supervisory Board. The focus will be on producing
domestically manufactured medicines in priority areas for the population. The
plant is expected to produce 2 billion units of pharmaceutical products
annually, with total investment exceeding 62.5 billion tenge. The new facility will
be equipped with modern equipment that meets all international standards. The
government has assured that it will provide the necessary support measures to
ensure the timely launch of the investment project.
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