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Heads of government hold second meeting of dialogue on #InvestmentCo-operation between #Kazakhstan and EU

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Prime Minister Askar Mamin held a meeting with the heads of diplomatic missions of the European Union member states accredited in Kazakhstan as part of the Dialogue platform on the further development of investment co-operation.

The parties discussed the results of the work done during three months after the first meeting on pressing issues of trade, economic and investment co-operation, including the promotion of export of Kazakhstani products to the EU, cooperation in agriculture, energy, transport, customs, the environment and climate change, legislative measures to improve the investment climate in Kazakhstan, as well as the results of September 30 this year 3rd meeting of the Kazakhstan-EU Cooperation Committee in a trade configuration.

Prime Minister Askar Mamin noted that the First President Elbasy Nursultan Nazarbayev and Head of State Kassym-Jomart Tokayev pay great attention to co-operation with the countries of the European Union, which is one of the most important trade and economic partners of Kazakhstan.

EU countries account for more than half of foreign direct investment in Kazakhstan. Between 2005 and the first half of 2019, the EU invested about $150 billion. The EU also acts as the largest trading partner of the Republic of Kazakhstan – as of July 2019, bilateral trade in goods and services reached almost $ 20 billion. “The contribution of EU experts was important for the development and implementation of some of our key strategies and documents in the areas of governance, privatization, digitalization, public-private partnerships, sustainable development, which continue to play a big role in promoting the growth of the Kazakhstani economy and improving the well-being of the country's population,” said Mamin.

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The prime minister emphasized that ensuring the growth of foreign direct investment and trade is one of the priority areas of the Government of Kazakhstan.

Askar Mamin called on the ambassadors of the European Union to further open and active dialogue to promote economic co-operation between Kazakhstan and the EU. “We must make our future agenda more sensitive to new trends and work on recommendations that allow us to better respond to existing challenges and opportunities,” said the head of government.

In turn, the heads of diplomatic missions noted the positive dynamics of work to create comfortable conditions for doing business in Kazakhstan. The Head of the EU Delegation to the Republic of Kazakhstan, Sven-Olov Carlsson, expressed confidence that the active efforts of the Government of the Republic of Kazakhstan to improve the investment climate will give an additional impetus to the development of trade, economic and investment cooperation between Kazakhstan and the countries of the European Union.

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The discussion was attended by the head of the department for Central Asia, Russia, the CIS, Ukraine, the Western Balkans and Turkey of the EU Directorate General for Trade, Petros Sourmelis, ambassadors of Germany, France, the Netherlands, Poland, Austria, Spain, Estonia, Italy, Latvia, Greece, Spain , Croatia, Romania, Slovakia, Hungary, representatives of Lithuania, Portugal, Bulgaria, Finland, Belgium, Czech Republic, heads of large international companies.

European Commission

NextGenerationEU: European Commission disburses €231 million in pre-financing to Slovenia

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The European Commission has disbursed €231 million to Slovenia in pre-financing, equivalent to 13% of the country's grant allocation under the Recovery and Resilience Facility (RRF). The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Slovenia's recovery and resilience plan. The Commission will authorise further disbursements based on the implementation of the investments and reforms outlined in Slovenia's recovery and resilience plan.

The country is set to receive €2.5 billion in total, consisting of €1.8bn in grants and €705m in loans, over the lifetime of its plan. Today's disbursement follows the recent successful implementation of the first borrowing operations under NextGenerationEU. By the end of the year, the Commission intends to raise up to a total of €80 billion in long-term funding, to be complemented by short-term EU-Bills, to fund the first planned disbursements to member states under NextGenerationEU.

The RRF is at the heart of NextGenerationEU which will provide €800bn (in current prices) to support investments and reforms across member states. The Slovenian plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies. A press release is available online.

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Cyprus

NextGenerationEU: European Commission disburses €157 million in pre-financing to Cyprus

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The European Commission has disbursed €157 million to Cyprus in pre-financing, equivalent to 13% of the country's financial allocation under the Recovery and Resilience Facility (RRF). The pre-financing payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Cyprus' recovery and resilience plan. The Commission will authorise further disbursements based on the implementation of the investments and reforms outlined in Cyprus' recovery and resilience plan.

The country is set to receive €1.2 billion in total over the lifetime of its plan, with €1 billion provided in grants and €200m in loans. Today's disbursement follows the recent successful implementation of the first borrowing operations under NextGenerationEU. By the end of the year, the Commission intends to raise up to a total of €80bn in long-term funding, to be complemented by short-term EU-Bills, to fund the first planned disbursements to member states under NextGenerationEU. Part of NextGenerationEU, the RRF will provide €723.8bn (in current prices) to support investments and reforms across member states.

The Cypriot plan is part of the unprecedented EU response to emerge stronger from the COVID-19 crisis, fostering the green and digital transitions and strengthening resilience and cohesion in our societies. A press release is available online.

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Belgium

EU Cohesion policy: Belgium, Germany, Spain and Italy receive €373 million to support health and social services, SMEs and social inclusion

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The Commission has granted €373 million to five European Social Fund (ESF) and European Regional Development Fund (ERDF) operational programmes (OPs) in Belgium, Germany, Spain and Italy to help the countries with coronavirus emergency response and repair in the framework of REACT-EU. In Belgium, the modification of the Wallonia OP will make available an additional €64.8m for the acquisition of medical equipment for health services and innovation.

The funds will support small and medium-sized businesses (SMEs) in developing e-commerce, cybersecurity, websites and online stores, as well as the regional green economy through energy efficiency, protection of the environment, development of smart cities and low-carbon public infrastructures. In Germany, in the Federal State of Hessen, €55.4m will support health-related research infrastructure, diagnostic capacity and innovation in universities and other research institutions as well as research, development and innovation investments in the fields of climate and sustainable development. This amendment will also provide support to SMEs and funds for start-ups through an investment fund.

In Sachsen-Anhalt, €75.7m will facilitate cooperation of SMEs and institutions in research, development and innovation, and provide investments and working capital for micro-enterprises affected by the coronavirus crisis. Moreover, the funds will allow investments in the energy efficiency of enterprises, support digital innovation in SMEs and acquiring digital equipment for schools and cultural institutions. In Italy, the national OP ‘Social Inclusion' will receive €90m to promote the social integration of people experiencing severe material deprivation, homelessness or extreme marginalisation, through ‘Housing First' services that combine the provision of immediate housing with enabling social and employment services.

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In Spain, €87m will be added to the ESF OP for Castilla y León to support the self-employed and workers who had their contracts suspended or reduced due to the crisis. The money will also help hard-hit companies avoid layoffs, especially in the tourism sector. Finally, the funds are needed to allow essential social services to continue in a safe way and to ensure educational continuity throughout the pandemic by hiring additional staff.

REACT-EU is part of NextGenerationEU and provides €50.6bn additional funding (in current prices) to Cohesion policy programmes over the course of 2021 and 2022. Measures focus on supporting labour market resilience, jobs, SMEs and low-income families, as well as setting future-proof foundations for the green and digital transitions and a sustainable socio-economic recovery.

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