Kazakh investments in Romania exceed 3 billion dollars

The investments made by the Kazakh companies in Romania amount to three billion dollars, the biggest investment made by the Kazakh state in Europe, Talgat Kaliyev, Business Director of the Embassy of the Republic of Kazahstan in Romania said at the Academic and Diplomatic Conference "Romania - Kazakhstan 20 years of diplomatic relations. A strategic partnership". "Romanian investments in Kazakhstan amount to 700 million dollars, and those made by Kazakh companies in Romania exceed three billion dollars. It is the largest investment made by Kazakhstan in Europe. In this context, Romania could become a gateway to the European Union for Kazakhstan", said Talgat Kaliyev, quoted by Agerpres.

On the Romanian market there are 13 companies from Kazakhstan present, of which the one with the biggest investment is KazMunayGas, in the Midia - Năvodari platform. According to the quoted source, over 20,000 Romanians live in Kazakhstan. The annual economic exchanges between Romania and Kazakhstan amount to approximately three billion dollars, according to the Institute for Economic Relations and International Cooperation.

The year 2012 marks the anniversary of 20 years of intense diplomatic relations between Romania and Kazakhstan, which is currently Romania's biggest economic and political partner in Central Asia, as, just two decades after securing its independence, Kazakhstan has succeeded a spectacular transformation, being the only exporter of energy in Central Asia, provider of military and political security in the region as leader of the OSCE in 2010 and leader of the Organization of the Islamic Conference in 2011 and 2012.