• Спецпроекты
  • Weather forecast
    • Exchange Rates
    • 425.82
    • 518
    • 5.92
  • SEND YOUR NEWS TO US WhatsApp +7 (777) 001 44 99
  1. Main
  2. Learn
  3. Politics
  4. Politics

Kazakh President calls to look for new markets for domestic products 13 февраля 2015, 01:30

President of Kazakhstan Nursultan Nazarbayev has declared it is time for domestic enterprises to search for new markets to sell their products instead of Russia.
  • Vkontakte
  • Facebook
  • Twitter
  • Одноклассники
  • Telegram
Новостью поделились: человек

Photo courtesy of misionverdad.com Photo courtesy of misionverdad.com

President of Kazakhstan Nursultan Nazarbayev has called Kazakh companies to look for new markets to sell their products instead of the neighbouring Russia, Tengrinews reports from extended government meeting in Akorda on February 11.

The statement was made in the context of the deteriorating conditions Kazakhstan's domestic enterprises are in as a result of the nearly 80% depreciation of the Russian ruble. With the currency being so underpriced Russian products have become much cheaper and are virtually pushing their Kazakh competitors out of business. Russian products are flowing into Kazakhstan through open customs borders while the Kazakh producers are unable to sell any of their products either in Kazakhstan or in Russia.

"Our industrial companies are feeling the market situation in Russia, don’t they? What have they learned from this situation? First - we need to diversify, and second - we need to look for other markets. There is China," Nazarbayev said to the Minister for Investment and Development of Kazakhstan Asset Issekeshev.

"We will be developing, we will send more goods to where we can sell more goods. This is a good lesson for the future, it should get everyone thinking. There is something good in every bad situation," Nazarbayev said.

Akim of Pavlodar Oblast Kanat Bozumbayev replied that all the region's businesses had been instructed to seek new markets to remain competitive. He also emphasized that job cuts would not be allowed.

Reporting by Assemgul Kassenova, writing by Dinara Urazova, editing by Tatyana Kuzmina

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan

Firebase Cloud Messaging