Luxembourg featured in Kazakhstan

Luxembourg Prime Minister Xavier Bettel today gave a key-note address at the 8th Astana Economic Forum, upon invitation by Kazakhstan’s President Nursultan Nazarbayev, who opened the Forum.

In his speech, Prime Minister Bettel addressed the necessity of dialogue of countries of the European Union with their counterparts, an issue Luxembourg will particularly focus on during its Presidency of the EU as from July 1st. He underlined that the EU is Kazakhstan’s main trading partner and called for an increase in bilateral investments.

The Prime Minister underlined Luxembourg’s role as a channel for more investments into Kazakhstan. Reliability, predictability and stability are the main factors that make Luxembourg an attractive hub for foreign investors, he stated.

Luxembourg featured at the Astana Economic Forum amongst such prestigious guests as Helen Clark, Administrator of the United Nations Development Programme, Jacob Frenkel, Chairman of ‘JP Morgan Chase International’, Kenneth Rogoff, IMF Chief Economist (2001-2003) and Professor at Harvard University, Nouriel Roubini, Chairman of Roubini Global Economics and Angel Gurria, Secretary-General of the Organization for Economic Cooperation and Development (OECD), who participated by video.

The Forum gathered 3,000 representatives from the political and business sphere from 90 countries.

Prime Minister Bettel also held private meeting with President Nursultan Nazarbayev as well as with his counterpart, Prime Minister Karim Massimov.

Nicolas Mackel, CEO of Luxembourg for Finance, represented Luxembourg at the Investment Forum ‘Invest in Kazakhstan’, where he spoke about investing in Kazakhstan and how the Luxembourg financial centre can facilitate such investments by leveraging its expertise in international finance.

The session was opened by Karim Massimov, Prime Minister of the Republic of Kazakhstan. Additional speeches were given by Algirdas Butkevicius, Prime Minister of the Republic of Lithuania, Aleksander Kwaśniewski, President of the Republic of Poland (1995—2005), Steve Forbes, Chairman and Editor-in-Chief of Forbes Media and Richard Dobbs, Director of the McKinsey Global Institute.

On the margins of the visit, Luxembourg Minister of Sustainable Development and Infrastructure, François Bausch, and his counterpart Asset Issekeshev signed an aviation agreement.

On behalf of ATTF, Luxembourg’s Financial Technology Transfer Agency, Ambassador Pierre Ferring signed an MoU with the Academy of the Financial Centre of Almaty.