Our Task of Priority is to Build up a Competitive and Stable Economy

Prime Minister of Kazakhstan Karim Massimov answers questions from the Kazakhstan business magazine.

Life Buoy of Macroeconomics

In 2011, Kazakhstan has managed to retain its 72nd position in the global competitiveness ranking by the World Economic Forum, having overcome a protracted series of annual falls. With this, the improved macroeconomic indicators of our country have leveled its deteriorated position in technological readiness and financial market development. On this background, the lag in innovations of our republic is becoming of a more and more alarming scale.

Competitevenes Ranking from IMD. Interrupted Climb of Kazkahstan

In 2011, for the first time in its four years’ participation in the rankings from IMD for national competitiveness, Kazakhstan showed a negative trend. We fell back from last year's 33rd position to the 2009 year’s level – 36th. The largest negative contribution to this decline was made by reduced economic performance and infrastructure.

Global Energy Partnership Connecting East and West

The Sixth Eurasian Energy Forum, set up under the auspices of KAZENERGY Association, was held in early October in Astana. Launched in 2006 as one of the discussion platforms of the industry, the forum has already acquired a global status by its importance and range of discussed issues. Taking into account that the year 2011 is a jubilee year for Kazakhstan, special focus at this forum was made on recognition of the progress achieved over the past two decades by the domestic oil and gas sector.

We Always Strive for Excellence

Managing Director of BASF Central Asia, Mr. Krueckl Florian, answers the questions of the Kazakhstan Magazine.

We Combine Science and Business

Abzal Kusainov, President of the Park of Nuclear Technologies JSC answers our questions.

Contribution, Worthy of a Leader

Kazakhmys Group of Companies, the flagship of the Kazakhstan’s non-ferrous metallurgy, is celebrating the 20th anniversary of the country’s independence with the company’s new achievements. The group of companies has something to present to the Kazakhstan’s citizens to this memorable date. This is the launch of the Bozshakol field development project, the largest investment project in the history of Kazakhmys, also the successfully continued modernization of Ekibastuz GRES-1, the listing of the company’s securities on the Hong Kong Stock Exchange, and new agreements with strategic partners.

A DAN DZO. The algorithm of efficiency

In the new economic conditions, the Kazakhstani top managers started more often resorting to assistance of independent consultants to increase the efficiency of their businesses. Along with that, the local consulting companies announce their readiness to compete with their well-known Western counterparts, since the first of the two mentioned is not inferior to the methodology and experience of the latter. Thus, in the relatively short period of operation of the Kazakhstan-based branch of the Russian company A DAN DZO, both domestic businesses and governmental agencies were given a good chance to make certain the professionalism and effectiveness of the Russian company’s team. According to the Head of the A DAN DZO Alexander Portnov, the knowledge of specifics and mental similarity help our consultants not only to make recommendations, but introduce them into industrial practice as well.

We Believe in the Future of Kazakhstan and Are Willing to Invest in It

For Borusan Makina Kazakhstan that offers machinery and equipment of the world famous brand Caterpillar in the local market, the year 2011 has truly turned out to be a breakthrough year, since the company launched into operation a Components Rebuild Centre in Karaganda. This project is unique, as it is the largest investments the Borusan Group has ever made in the economy of Kazakhstan, and this project has no analogues in the CIS countries. So, Ozgur Gunaydin, General Director of the Borusan Makina Kazakhstan LLP FE, agrees to share these and other plans of the company for the future with our magazine".

Reputation Above All

A lot of businesses was set up in Kazakhstan twenty years ago in the wake of economic reforms. Many of them were not able to cope with the difficulties of the transition period, so they closed. Those who survived turned into competitive and social-oriented companies, and our country can be proud of them. Among these companies is the flagship of the Akmola region’s economy – Kokshetauminvody JSC, which is being run for already 20 years by Askar Kaznaviyevich Aliyev.