Austria Utterly Optimistic About Co-Op With Kazakhstan - Economic Chamber (Exclusive)

(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 28. Austria views thefuture development of economic cooperation with Kazakhstan ashighly promising, a source at Advantage Austria, the tradepromotion organization of the Austrian Federal Economic Chamber,told Trend .

"We believe that the future development of economic cooperationbetween Austria and Kazakhstan is quite promising, with anoptimistic and positive view," the source said.

Based on the source, imports from Kazakhstan to Austriaincreased by 10 percent, to around 1.8 billion euros, while exportsfrom Austria to Kazakhstan increased by 28 percent, to almost 300million euros.

"These results represent a highly positive dynamic in terms ofthe Austrian economy. Austrian enterprises are particularlyinvolved in Kazakhstan in major industries such as equipment andplant engineering, pharmaceuticals and medical technology, tourismand leisure (particularly winter sports), agriculture, and greenenergy. This broad variety strengthens economic links andfacilitates the interchange of knowledge and technologies betweenthe two countries. We see the future of economic cooperationbetween Austria and Kazakhstan as highly promising, with anoptimistic and hopeful perspective," the source noted.

As previously reported, Kazakhstan and Austria's railwayadministrations agreed to strengthen cooperation in order toimprove cargo transit over the Trans-Caspian InternationalTransport Route (TITR, or Middle Corridor).

A comparable agreement was achieved during a meeting betweenKazakhstan's Ambassador to Austria, Mukhtar Tleuberdi, the Chairmanof the Board of the Federal Railways of Austria, Andreas Matte, andChristoph Grasl, a Board Member of the Rail Cargo Company.

During the discussion, the parties also discussed a variety ofcollaboration opportunities in the transportation and logisticsindustries. Particular focus was dedicated to the development ofKazakhstan's transit potential and the TITR.

It was mentioned that the Austrian side is actively engagingwith Kazakhstan Railways (KTZ), a national enterprise, and seeks toexpand its presence in Central Asia.


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