World Monitor Magazine WM_November_2019_web | Page 30

EXPERT OPINION
Contribution of Coca-Cola
to Kazakhstan's economy
Coca-Cola has been operating in Kazakhstan since 1994 – almost since the country gained independence.
In 2008, the company came under the leadership of CCI (Coca-Cola Icecek), a member of the large
Turkish group of companies Anadolu.
CCI Kazakhstan is the official bottler
of The Coca-Cola Company products
in Kazakhstan and is engaged in the
bottling and distribution of soft drinks
under the trademarks of The Coca-Cola
Company throughout the country. Today,
the company has two plants in the cities
Nur-Sultan and Almaty with a staff of
more than 700 people and a production
volume of more than 600 million liters
per year. the country was analyzed: economic,
environmental and social.
For 25 years of its activity, the company
has been increasing production capacity
and working to increase its performance,
which in turn has a positive effect on the
economy of Kazakhstan as a whole. To
assess the effectiveness of Coca-Cola
in Kazakhstan from 2013 to 2017, the
company conducted an independent
study in conjunction with the well-
known international company Ernst &
Young. Based on multiple sources, the
comprehensive contribution of Coca-
Cola to all aspects of development in And for 2013-2017, Coca-Cola made a
significant contribution to the GDP of
Kazakhstan – about 300 billion tenge.
In particular, in 2017, the company
transferred more than 14 billion tenge
of taxes and other payments to the
country's budget.
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Contribution to the economy
To analyze the economic contribution,
the company's investments in output,
employment, tax deductions and other
indicators were studied. According to
official sources, for over ten years Coca-
Cola has invested $ 250 million in the
economy of Kazakhstan.
In 2017, due to the multiplier effect of the
company’s work, the state received more
than 22 billion tenge. Coca-Cola's full
contribution to Kazakhstan's GDP for this
period amounted to 69,7 billion tenge.
This amount is equal to the revenue of
six sectors of the manufacturing industry
of Kazakhstan. Analysts emphasize that
for one tenge of the company's revenue
in the country's economy, more than two
tenge is additionally created.
In addition, the company provided
support for more than 9,000 jobs in
2017 in various sectors of the economy.
The cumulative contribution to the labor
income of the population over five years
amounted to 74 billion tenge.
Environmental contribution
In its study, Coca-Cola notes progress
in optimizing production in terms of
environmental friendliness and lower
consumption of natural resources.
According to official sources, during
2013-2017, the company allocated over
$ 740,000 to environmental projects.
Water compensation
At the factory, it was possible to