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ECONOMY
- Kazakhstan
Kazakhstan, Portugal to Work On Strengthening Bilateral Relations and Business Initiatives-THE ASTANA TIMES

(Read the full article on astanatimes.com)

The relations between Kazakhstan and Portugal have been growing gradually, THE ASTANA TIMES reported.

The year of 2019 was definitely a milestone with the foundation of the Kazakh embassy in Lisbon.

As part of the new strategy for Kazakhstan to strengthen its position globally, the main goal is to join the 30 most developed nations by 2050, with key sectors of the economy having been identified as having a relevant role to play in helping the country reach these objectives. The government is focusing on investments in technology with an emphasis on Information and Communications Technology (ICTs) and green technologies, and investments in solar power plants in Turkistan.

In addition to attracting foreign investments and developing its local industry, according to Ambassador of Kazakhstan in Portugal Daulet Batrashev, the country is also looking to deepen its relationship with European Union (EU), which is a key partner with an important impact on the Kazakh economy.

On June 4, Kazakhstan’s Honorary Consulate was inaugurated in the city of Guimarães, in northern Portugal. This consulate will support the Kazakh citizens and spread support to important northern cities such as Porto, Aveiro, Coimbra and Braganca. To support the consulate’s activities, the Portugal-Kazakhstan Business Center called Qazaq Sauda was also created, which promotes the economic relationship between the two countries.

In an interview with the Astana Times, Honorary Consul of Kazakhstan in Guimarães Gil Fernando Vieira spoke more about the benefits of this mutual initiative.

Jul 9, 2021

DATA SNAPSHOT

BANKS
- Azerbaijan
Fitch affirms Azerbaijan’s Expressbank at ‘B’, outlook Stable
TRADE
- Uzbekistan
Uzbekistan’s foreign trade turnover at $13.15 bln in Q1, 2022
ECONOMY
- Belarus
Belarus inflation up 15.9% yr/yr in March-Statistics Committee
ECONOMY
- Georgia
Remittances to Georgia rise 3% yr/yr to $193 mln in March-central bank
THE TRIBUNE
- Eurasia
The Tribune suspends publication
HEALTH
- Covid-19
COVID-19 Eurasia Roundup
The Tribune keeps you up-to-date with the latest vaccines and infection data across the region.
OPINION
- Kazakhstan
OPINION-Kazakhstan’s Reforms Should Be More Than Just Show-FOREIGNPOLICY
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