PM meets with heads of several international development institutions and large companies

sp;ASTANA. December 3. KAZINFORM On the threshold of the session of the Foreign Investors' Council under the Kazakh President, Prime Minister Karim Massimov has held a number of meetings with heads of international institutions of development and large companies in the Ukimet Uiy; the Premier's press service reports.
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At the meeting with the EBRD delegation headed by its President Thomas Mirow the sides discussed the current economic situation and the cooperation issues between Kazakhstan and the EBRD.

Besides, there was held an exchange of opinions on the measures taken by the Kazakh Government on the economy stabilization and prospects of its development in the post-crisis period.

Thomas Mirow noted that Kazakhstan's Government made significant work in this direction.

At the end of the meeting K.Massimov and T.Mirow expressed confidence in continuation of successful and fruitful cooperation between Kazakhstan and the EBRD.

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There were discussed prospects of Kazakhstan's metallurgical field development at the meeting of the Prime Minister with Chairman of the Board and CEO of ArcelorMittal Lakshmi Mittal.

L.Mittal confirmed the company's intentions to complete implementation of all investment projects started or planned in Kazakhstan, realization of which was stopped in the crisis period.

He noted that now the situation normalizes and the company's enterprises in Kazakhstan return to normal operation.

"Kazakhstan succeeded in overcoming the crisis, the GDP indexes increase, unemployment level decrease, the country has sufficient reserves. I think Kazakhstan will come out of the crisis stronger", L.Mittal emphasized.

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The issues of mutually beneficial cooperation were discussed at the meeting of the Premier with Managing Director of Royal Dutch Shell plc Malcolm Brinded.

M.Brinded expressed the company's interest in further investing in Kazakhstan's economy, especially for implementation of the projects of fields development in the Kazakh sector of the Caspian Sea.

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Kazakh Prime Minister Karim Massimov and Chairman, President and Chief Executive Officer of ConocoPhillips James Mulva discussed the course of the joint activity of the participant-companies of development of the Kashagan field and exploration works at the 'N' block.

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