INVEST TO KAZAKHSTAN
financial institutions, big audit and
consulting companies, such as the ‘BIG
4’. These are the companies whose
budget is bigger than the budget of our
whole country, such companies where
the selection of top management is
assigned a year ahead, these are the
giants that control the overwhelming
share of the world market.
What are these companies? Can you
give specific examples?
Among members of FIC, I would like
to highlight the European Bank for
Reconstruction and Development – it is
the silent co-chairman of the Council.
Representatives of the oil & gas sector
are also in the Council. Among them are
Chevron, Total, Lukoil, Eni, ExxonMobil,
Royal Dutch Shell, CNPC, the biggest
metallurgical company ArcelorMittal,
the big international trade company
METRO Cash & Carry, as well as
big companies like General Electric,
Anadolu Group, Marubeni Corporation,
the leader in the cellular connection
field as TeliaSonera, automotive giant
Mitsubishi, international innovation-
production company Knauf, big consulting
companies like EY, Baker McKenzie, PWC,
Deloitte, representatives of the banking
sector – Citi Bank, Deutsche Bank,
Sberbank, Asian Bank for Development.
These are all big players that annually
meet utilizing the platform of the
Council and exchange opinions.
Tell us a bit more of who performs
from Kazakhstan’s side? Are
they representatives from state
institutions? What is their level?
Exactly, the Council also consists of
Kazakhstani representatives. Primarily,
all the leaders of the economic block are
part of it: the Prime Minister, Chairman
of the National Bank, the Prime
Minister’s deputies, Minister of foreign
affairs, Minister for investment and
development, Minister of finance, Minister
of national economy, Chairman of the in-
vestment Committee, and Chairman of
Baiterek National Managing Holding.
We figured out that in accordance
with the ‘Council’s Provision’, mutual
working groups (WG) were created.
Can you describe these working
groups? What is their objective?
How do they work?
You noticed correctly that mutual
groups of the Council were created
according to the ‘Council’s Provision’
with the objective to consider issues
that are related to the investment
climate in the Republic of Kazakhstan,
providing recommendations to the
Council’s members and state bodies
of Kazakhstan to improve this climate.
There are four mutual working groups
that act within the Council. This
platform is where the exact focus is at
a certain issue: one WG in the field of
subsoil use and ecological questions;
the second one is to accomplish the
investment policy; the third deals with
social protection and work force; the
fourth group involves the theme from
the previous session and annually
focuses on this main theme of the
meeting. Now the fourth WG is aimed at
the modernization topic. Every working
group from Kazakhstan’s side is headed
by ministers. They are ministers who
are corresponding to the issue. If the
question is related to labor, then the
Minister of Labor and Social Protection
will be included, while the Minister
for Investments and Development
represents in the case of investment
policy. In accordance with the theme
for the 31st session for modernization,
the fourth working group is headed by
Mr Timur Suleimenov who works on the
content preparation for the meeting.
The working body of the FIC is the
Investment Committee of MID of the
RoK. The Committe has been providing
the activity of the Council for more than
20 years. The mutual work of these
working groups helps provide a wider
exchange as well as preparation for
recommendations. Foreign investors are
interested in how to bring in the foreign
working force. There are representatives
of foreign investors on this platform,
not just members of the Council, but the
others who are interested in this work,
including the representatives of state
institutions. The issues that investors
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