Czech and Kazakh firms sign multiple business deals

As part of the official state visit of the Kazakh president Nursultan Nazarbayev to the Czech Republic, a number of Czech and Kazakh companies signed trade partnership and investment contracts worth 155 million Euros or about 3.8 billion crowns. Most of the companies are part of the pharmaceutical, healthcare, agriculture or food industries. The largest contract that was signed, worth 45 million Euros (or 1.1 billion crowns), was concerning the import of rape seed oil from Kazakhstan by the Czech company Impex. In the first eight months of this year saw exports to Kazakhstan grow by 40% to 215 million dollars, while imports from the Central Asian country are worth 649 million dollars a year.