KBF 2011 / Media Coverage of KBF 2011

Kazakhstan Business Forum 2011 Kicks off in London

Brochure about KBF 2011 (PDF)

The Kazakh-British Chamber of Commerce (KBCC) in cooperation with Kazakhstan’s Ministry of Economic Development and Trade holds the second annual Kazakhstan business event in London, on 20 and 21 of October 2011.

Titled “Kazakhstan Business Forum”, it is centred on creating a dialogue platform for effective business communication between British and Kazakh companies, investors and state agencies.

“In two months, our country will celebrate the 20th anniversary of its independence. We have travelled a successful path from a Soviet country to an independent state,” Prime Minister Karim Massimov of Kazakhstan said in his video address to the Forum participants. “International cooperation and foreign investments have been instrumental in the successful development of our country,” he stressed. Kazakhstan and the United Kingdom can achieve further economic growth and prosperity of the two countries by combining their efforts, Massimov said calling Kazakhstan a bridge economically linking East and West.

“Today, the KBCC projects are among the leading corporate and industry-wise events in the UK and Central Asia, attended by senior delegates from governments, leading world manufacturers, and suppliers of services, financiers and consultants,” Artur Krivov, KBCC Managing Director, said in his welcoming note.

The Forum has become one of the most anticipated events, aimed at continuing development of economic and socio-political relations between two countries.

“One of the main aspects of the forum is to review innovative business projects under the State Programme of Accelerated Industrial-Innovative Development for 2010-2014 and the “Productivity – 2020” Programme. The tasks of providing high-tech and innovative ways to develop Kazakhstan’s economy are key to those programmes,” the Economic Ministry’s press release said.

Investors shared their views on prospects for the country’s transition from raw materials export orientation to industrial and innovative development.

In addition, the possibilities offered by the so called People’s IPO Programme and its influence on the quality of corporate management in national companies as well as the development of domestic stock market are among the topics of discussions.

Kazakhstan is to start floating shares of several national companies under the People’s IPO Programme in the second or third quarter of 2012, Minister of Economic Development and Trade Kairat Kelimbetov announced a few months ago.

The Government has announced the list of state-owned companies whose shares will become available first. Among them are JSC “KazTransOil” (operator of oil pipelines) and JSC “KEGOC” (national electricity grid operator) as they were determined the most prepared ones for floating. The shares in these companies will be floated in the Q2 and Q3 of 2012. Besides, the JSC “Air Astana” (flagship airline) is likely to be in the list as well.

President Nursultan Nazarbayev initiated the People’s IPO Programme by last February. The goal of the programme is the establishment of a wealth conduit for the people of Kazakhstan to have the opportunity to share in the growth of the country’s leading “Samruk-Kazyna” companies and assets.

Kazakhstan’s economic integration in the circumstances of integration, the impact of integration on the competitiveness of domestic producers, the agricultural potential of the country, development of transport and communications infrastructure are among key topics at the London event.

This event should serve to increase the investment attractiveness of Kazakhstan and reactivate interest among the global business elite in the economic development of the country.

Year after year Kazakhstan Business Forum attracts growing number of participants, as they exchange their experience as well as conduct constructive international debates on actual and urgent issues on long-term economy growth agenda.

Kazakh-British Chamber of Commerce (“KBCC”) is a primary bilateral business association created with the support of the Embassy of the Republic of Kazakhstan in London and the Ministry of Industry and Trade of the Republic of Kazakhstan.

KBCC’s main objective is to help UK and Kazakh members of the Chamber to establish new and develop existing business relationships with a particular focus on promotion and development of exporting capabilities of SME companies in both countries.

Source: portal.mfa.kz

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Kazakhstan Business Forum in London to mull cooperation with investors

Kazakhstan Business Forum 2011, organized by the Kazakh-British Chamber of Commerce in cooperation with the Ministry of Economic Development and Trade of Kazakhstan with the support of Government, will be held in London on Oct. 20-21, Economic Development Ministry’s press office said Wednesday.

“One of the main aspects of the Forum will be to review the innovative business projects under the State program of forced industrial-innovative development for 2010-2014, as well as the “Productivity 2020″ State program, of which leitmotif is the tasks of providing science intensive and innovative ways to develop the economy of Kazakhstan. Investors will discuss prospects for the country’s transition from raw export orientation to industrial-innovative development,” said the statement.

According to Trend, also, the Forum participants will discuss the strategic plan for economic development of Kazakhstan and the conduct of the national IPO and will be able to offer their original projects on cooperation in various industrial and manufacturing sectors of the country’s economy.

Kazakhstan Business Forum is held in London for the second time and is aimed at discussing the tendencies and prospects for economic development of Kazakhstan.

Ministry of Economic Development and Trade of Kazakhstan supports the initiative to conduct the Business Forum as an international platform for dialogue to establish and develop business relations between business communities of both countries.

Source: gazeta.kz

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Kazakhstan shows off wares to sceptical world

Oct 20.   

Kazakh officials meet in London today for the annual Kazakhstan Business Forum, and may find it a harder sell than in the past.

Although oil prices have been strong and the central bank has kept the tenge stable, investors are worried that the country may be heading for more trouble with its banking sector.

The debt of Kazakh bank BTA, the largest of four Kazakh banks to default in 2009, was restructured last year and the bank is majority-owned by sovereign wealth fund Samruk-Kazyna.

But there have been nerves over coupon payments and although these payments have all been met, those worries are reflected in the price of BTA’s July 2018 dollar Eurobond, launched only last year and trading at a mere 48 cents on the dollar.

“The non-performing loan level has declined significantly from 40 percent at the peak of the crisis but remains very high at 27 percent, as at Sept 1,” BNP Paribas analysts write in a client note.

The country is also looking to raise more cash in the middle of next year through its “People’s IPO” — floating shares in state companies like Air Astana, the national grid company and oil transportation firm KazTransOil.

But the state of world markets may make that timetable hard to meet.

Kazakhstan’s FX reserves are falling as it struggles to hold its currency intact and some analysts see the possibility of a rate hike, bucking the trend for most larger economies to cut rates.

However, frontier markets brokerage Exotix remains upbeat on the banking sector at least, saying BTA may come out with a new strategy in the next few weeks.

“Another debt restructuring is not on the agenda as Samruk-Kazyna is likely to continue its support of the bank.”

Source: Reuters

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Kazakhstan Business Forum in London will put People’s IPO in spotlight

The Kazakh-British Chamber of Commerce and the Ministry of Economic Development and Trade will be holding the second annual Kazakhstan Business Forum in London on October 20-21.

The forum will review the innovative business projects within Kazakhstan’s Industrialization-Innovative Program 2010-2014, the Kazakh Economy Ministry said in a statement.

Investors will discuss Kazakhstan’s attempts to diversify away from mineral resource exports towards industrial-innovative development.

At the session “Kazakhstan’s Economic Outlook in the context of Global Economy,” the participants will address the issues of balancing growth and inflation, access to capital markets and other funding sources and deleveraging.

The forum will also offer People’s IPO program as a topic for discussion and its implications for corporate governance at state-owned enterprises and domestic capital market development.

Other session will address economic integration, agricultural potential, developing transportation and communication infrastructure.

This event is aimed at highlighting Kazakhstan’s investment appeal and raise the interest of the world business elite in Kazakhstan’s economic development.

Source: Interfax-Kazakhstan

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