Investment fund of Kazakhstan and Kyrgyzstan to start work soon
Bishkek. February 14. Kazakhstan Today - The investment fund of Kazakhstan and Kyrgyzstan will start its work in the near future, the Charge d'Affaires ad interim for the Republic of Kazakhstan in Kyrgyzstan Boronbek Albergenov said at the press conference on Wednesday, the agency reports. As it was informed earlier, last year the Prime Ministers of Kyrgyzstan and Kazakhstan signed the agreement on creation of joint investment fund to realize economic projects. The fund will have $120 million, $100 million from which will be invested by the Kazakhstan party and $20 million by Kyrgyzstan. Most part of Kazakhstan investments in Kyrgyzstan is in industry, financial sector and tourism. February 14. Kazakhstan Today - Foreign trade turnover between Kazakhstan and Kyrgyzstan exceeds $500 million. Charge d'Affaires ad interim for the Republic of Kazakhstan in Kyrgyzstan Boranbek Albergenov said at the press conference in the embassy of Kazakhstan in Kyrgyzstan on Wednesday, the agency reports. According to B. Albergenov, total sum of foreign trade turnover of Kazakhstan makes more than $80 billion. Volume of trade turnover of Kazakhstan with Kyrgyzstan is low. For example, this sum between Kazakhstan and Russia makes more than $16 billion.
Resourse: Kazakhstan Today