Delegation of the European Union
to the United Nations - New York

EU provides 11 million euro to support business projects in Central Asia

28/05/2019 - 12:19
News stories

NUR-SULTAN – On 28 May, the information session of the EU financed programme Central Asia Invest V was held in Nur-Sultan. The programme aims to support and enhance business competitiveness, to boost investments, to develop the private sector and the economic diversification in Central Asian countries. The EU attaches great importance to boosting investments in Central Asia, and this is an important part of the New EU Strategy for Central Asia which was adopted on 15 May 2019.

During the session, the EU Delegation to Kazakhstan staff presented the fifth call of the programme outlining its main features, new priorities and the application procedure. The total budget of the call covering all Central Asian countries is EUR 10 950 000. The participants can submit their concept notes until 24 June. The proposals will have to cover at least one of the following priorities: access to finance, business, tax regulation and informal economy, promotion of intra-regional and international trade, capacities building of entrepreneurs and job seekers.

In his opening speech EU Ambassador Sven-Olov Carlsson noted: "We do expect to receive many project proposals from Kazakh organisation, as we do believe that your country, given its achievements in foreign trade and investment policy, is well placed to be a leading force in promoting intra-regional integration. Moreover, it has valuable experience and good practices to share with its neighbours having achieved quite high levels of human capital development and poverty reduction in the region. This is something to be proud of, but it is also a responsibility".

Earlier, the similar information sessions were held in Ashagabat (Turkmenistan), Dushanbe (Tajikistan), and Bishkek (Kyrgyzstan).

For further details please contact Ms Elnara Bainazarova, Press and Information Officer of the EU Delegation to Kazakhstan: + 7 (7172) 974567, e-mail: elnara.bainazarova@eeas.europa.eu.

Background Information

The Central Asia Invest programme was launched in 2007. During 2007-2016, 34 projects, for a total amount of 23 Million Euros, have been successfully funded and implemented jointly by business intermediary organisations from EU Member States and Central Asia. Over 60 business intermediary organisations enhanced their competences in supporting micro and small and medium sized enterprises thus contributing to improve the business climate and foster regional integration.