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Kazakhstan Day was held at London Stock Exchange 12 ноября 2011, 13:11

Western and Kazakh top managers exchanged opinions on privatization, attractive business-climate, prospects of People's IPO and industrial-innovative development of Kazakhstan.
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Timur Kulibayev. Photo by Yaroslav Radlovskiy© Timur Kulibayev. Photo by Yaroslav Radlovskiy©
On November 10 with stopwatch counting down the last seconds before the beginning of the trading at 8:00 a.m. at the London Stock Exchange burst with applause: representatives of the British business establishment greeted the chairman of Samruk-Kazyna National Welfare Fund (NWF) Timur Kulibayev. He led Kazakhstan delegation of top-managers of national companies through a tough schedule in London: endless business meetings, negotiations, presentations. But this was not a “talkfest”: on the sidelines of the forum the Fund's managers told about contracts signed and those ready to be signed. November 10 was Kazakhstan Day in London. Kazakhstan held a business-to-business forum in London for the first time. Western businessmen and Kazakhstan managers exchanged opinions and experience in privatization, creation of attractive business-climate, evaluated prospects of the People's IPO, prospects of the Strategy of Accelerated Industrial-Innovative Development of Kazakhstan's economy. In the course of the discussions it became very clear that despite of the recession in the world economy, past and probably coming world crisis, interest to Kazakhstan and its economy keeps growing. Businessmen are still attracted by political stability and good investment climate in Kazakhstan. Participants of the discussions however pointed out some new angles in the prospects of cooperation with Kazakhstan. These are not only new projects appearing thanks to the “peoples' privatization”, but also the fact that the country has a good management of the complying with international standards. The discussions covered four main topics: People's IPO, business-climate and investments flows into Kazkahstan, investments into Kazakhstan's pension funds and global trends in growth of private capital. Different aspects of foreign participation in different privatization projects in Kazakhstan were discussed as well. Deputy chairmen of NWF Aidan Karibzhanov, Kuandyk Bishimbayev and Managing Director Peter Howes answered numerous questions of foreign businessmen and experts. During the panel sessions called Renewable energy, Pharmaceutical industry, Development of mining metallurgical industry, Chemical industry in Kazakhstan: challenges and opportunities the forum participants discussed prospects of implementation of Kazakhstan's Program of Accelerated Industrial-Innovative Development. Success of the business-forum exceeded all expectations and the suggestion was made to hold such events annually in Astana and London. On November 11 Kazakhstan delegation continued working in Cambridge and signed an agreement with this old scientific and research center. In particular, Kazakhstan Institute of Oil and Gas and KazAtomProm agreed with the Cavendish Laboratory on research in safety of oil production at the Caspian Sea.

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