The Kazakh-Finnish business seminar "Modernization 3.0 and Heritage of EXPO-2017: New Prospects for Partnership between Kazakhstan and Finland" was held in Helsinki, where the issues of development of investment cooperation and implementation of joint projects between the two countries were discussed.
The representatives of the Finnish business community expressed a great interest regarding the presentation of the Astana International Financial Centre (AIFC).
According to Aidar Kazybayev, Managing Director of AIFC Authority, AIFC already negotiates with a number of Finnish companies for the development of green finance and the transfer of green technologies to Kazakhstan. A. Kazybayev noted that Finnish companies show interest to become the participants of a newly-created financial centre.
As a result of the seminar, AIFC and KaukoInternational signed a memorandum of cooperation in the field of green finance and clean technologies. The parties agreed to explore the possibility of establishing a joint organization to promote and encourage green financing and investment.
KaukoInternational intends to assist in promoting AIFC in international financial organizations, attracting investments and assigning AIFC the status of a regional hub for green finance.
According to Aydar Kazybayev, green finance is one of the main activities of the AIFC.
"AIFC will create all necessary conditions for the development of green products and financing services taking into account environmental factors that will support investment and stimulate the development of low-carbon technologies and projects. AIFC is also open for the implementation of green financing programs, in particular, the issue of green bonds, "A. Kazybayev said.
"KaukoInternational is interested in expanding cooperation with Kazakhstan. We see great prospects in reaching agreements with the Astana International Financial Centre, as the main point on the map of financial and economic opportunities for the entire Central Asia. In the near future, we plan to register on the territory of the AIFC, which will allow us to get tax preferences. I am glad that AIFC has allocated green finance in a separate strategic direction and I believe that the financial centre can become a regional leader in the sphere of green finance, “Niiles Airola, the CEO of KaukoInternational noted.
The parties also agreed to exchange experience and information in the field of green finance, training and internships for AIFC staff in Finnish companies.