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Are you making products, goods, or providing competitive services, expanding your business, or looking for new, viable and long-term markets for export development?

We know how to establish your business in Kazakhstan and Uzbekistan

Kazakhstan maintained 4.1% of GDP growth in 2018 and exceeded 152 billion Eur at the end of the year. The agriculture, industry, construction, trade, transport and communications services sectors in Kazakhstan generate 64% of GDP. It is likely that in 2019 Kazakhstan will maintain 4% of GDP growth, thus demonstrating the best economic situation among all Eurasian Economic Union countries.

In 2018, Kazakhstan reached 20% growth in foreign trade and reached 75 billion Eur. Accordingly, exports increased by 26.4% (EU exports to 54.1%), while imports increased by 11.1%. Mineral products accounted for 70% of total exports. The growth of imports was driven by the increased domestic consumption of the main group products. Equipment, machinery, appliances, apparatus, metals and their products, chemical, animal and vegetable products were also imported.

The main import directions are the Eurasian Economic Union (40.8%), the European Union (20.6%) and China (16.6%).

In Kazakhstan (18.5 million inhabitants), the unemployment rate is 4.9% (151.9 thousand people), while the official average salary is 400 Eur, although most workers are receiving much lower salaries than official statistics.

The Uzbek (31.4 millionin habitants) market is increasingly open to foreign investment, although in 2017 the country’s GDP reached only 42 billion Eur. However, in 2018, the country’s economy grew by 4.9%. Uzbekistan is adapting to market economy laws. It is easier to invest and withdraw accumulated capital. Public companies are privatized and restructured (transformed).

Kazakhstan and Uzbekistan are one of the most promising markets in CentralAsia, where the share of profits can reach 100% of the price of a product or service.