Economic cooperation

Favorable political dialogue between the two countries has a positive impact on economic cooperation. Romania is the main trade partner of the Republic of Kazakhstan in South-Eastern Europe.

Trade turnover in January-May 2019 amounted to 658 mln. USD. (export – 629 mln., import – 29 mln.).

Trade turnover in recent periods:

– 2018 - 1,675 bln. USD (export – 1,497 bln., import – 178 mln.);

- 2017 - 992 mln. USD (export – 925 mln., import – 67 mln.);

- 2016 - 803 mln. USD (export – 724 mln., import – 79 mln.);

- 2015 – 1,4 bln. USD (export-1,34 bln., import - 76 mln.).

Gross direct investments from Romania in the Republic of Kazakhstan from 2005 to 2019 amounted to 1,23 bln. USD. On the other hand, Kazakhstan is one of the major foreign investors in Romania.

Main spheres of trade and economic cooperation are energy, machinery manufacturing, metallurgy, transport and logistics, and light industry.

44 companies, branch and representation offices with Romanian participation are registered in Kazakhstan. 28 companies with participation of Kazakh capital are active in Romania.

Purchase of “RomPetrol Group NV” by “KazMunayGaz JSC” National Company in 2007-2009 became a milestone of the Kazakh-Romanian economic relations. Through this transaction, KMG acquired access to 2 refineries and a retail network in Europe (more than 1000 fuel stations in 8 countries). This transaction is the largest investment project of the Republic of Kazakhstan in the European Union.

Since January 2016, the Romanian-Kazakh Chamber of Commerce and Industry is functioning in Bucharest, whose task is to develop and strengthen cooperation between the business circles of the two countries, as well as to assist, support and consult in joint economic projects.

The Honorary Consulate of the Republic of Kazakhstan opened on July 4, 2013 in Galați (Honorary Consul - Petru Lificiu), on September 2017 in Constanta (Honorary Consul - Erghin Hagicalil) and on November 2017 in Cluj-Napoka (Honorary Consul - Ştefan Gadola).
Created at : 6.11.2016, 18:50, Updated at : 18.02.2019, 14:50