Russia to suspend gas supplies to Armenia for 10 days
Russian gas supplies to Armenia will be suspended for 10 days beginning from Tuesday due to planned maintenance work on the North Caucasus-Transcaucas...
At the Astana International Forum, Kazakhstan and Italy signed 10 memorandums worth €180 million, marking a new chapter in bilateral cooperation focused on industry, green energy, logistics, and technology
in Astana, the Italy-Kazakhstan Business Forum was held as part of the Astana International Forum. The event was organized by Kazakhstan’s Ministry of Trade and Integration, the Kazakhstan-Italy Trade Association (ACIK), and the embassies of both countries.
The forum became a key platform for launching joint projects and strengthening business ties across strategic sectors including mechanical engineering, petrochemicals, agri-processing, metallurgy, logistics digitalization, and green energy.
As a result, 10 memorandums of understanding were signed totaling €180 million, reflecting strong mutual trust and a shared commitment to deeper economic cooperation.
Kazakhstan’s Minister of Trade and Integration, Arman Shakkaliev, highlighted the forum as the start of a new economic chapter between the two nations. He emphasized Kazakhstan’s ambition to act not just as a raw material supplier, but as a central Eurasian hub for transport, manufacturing, and technology.
The sides expressed readiness to shift from trade to building joint production infrastructure. Key initiatives include creating an investment fund, launching a “Digital Supply Chain 4.0” platform, implementing joint export and investment risk insurance, and developing an ESG roadmap.
Kazakhstan also proposed a joint brand, “Made in Kazakhstan with Italy”, to reflect advanced technological cooperation and the co-production of competitive export goods.
Agro-industrial cooperation was another highlight. Kazakhstan offered to boost exports of organic grain, oilseeds, and animal feed, alongside developing co-branded packaging and processing lines for international markets.
In 2024, trade between the two countries reached $19.9 billion (+24%). Kazakhstan’s exports stood at $18.7 billion (+25.8%), while imports from Italy totaled $1.3 billion (+2.2%), including machinery, pharmaceuticals, and industrial equipment.
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