Head of EDB notes the high practical value of the Kazakhstan and Russia Interregional Cooperation Forum for the development of relations between the two countries
Almaty, 19 September 2012. «Over nine years of work the Kazakhstan and Russia Interregional Cooperation Forum has become the main arena to discuss the most important issues of cooperation between Russia and Kazakhstan and align positions on topical regional problems,» said Igor Finogenov, Chairman of the Management Board of Eurasian Development Bank (EDB). He believes that, «the format of this forum helps businesspeople from Russia and Kazakhstan expand their business connections and reach agreements on integration contracts.»
«This means that these traditional meetings, with high-class participants from the two countries, are aimed at achieving two important objectives: the synergistic effect from our bilateral cooperation and the improvement of global competitiveness of our economies,» concluded the head of EDB.
The 9th Kazakhstan and Russia Interregional Cooperation Forum, in which EDB’s delegation took part, closed today in Pavlodar.
A number of intergovernmental and interregional agreements was signed today in the presence of the presidents of Kazakhstan and Russia, who have been patronising these events since 2003, as well as agreements between companies of the two countries to the tune of over US $1.8 billion.
This year the forum discussed innovation cooperation between the two countries. The head of EDB spoke at the business section Industrial Cooperation and Innovations in Interregional Cooperation between Kazakhstan and Russia, in which heads of ministries and other governmental authorities and businesspeople from the two countries took part. Igor Finogenov told about the Bank’s investment experience in Kazakhstan and his understanding of the country’s competitive advantages and opportunities for the improvement of its investment attractiveness.
The International Exhibition of Regions of Kazakhstan and Russia, which worked in the framework of the forum, also displayed EDB’s presentation of its investment projects in the two countries.
Additional Information
Eurasian Development Bank is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth and the expansion of mutual trade and other economic ties in its member states. EDB’s charter capital exceeds US $1.5 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan. Read more at https://www.eabr.org.