‘Baiterek’ National Managing Holding and the Embassy of Italy Discussed Prospects for Investment and Export Cooperation

On July 3, 2025, a meeting took place at the ‘Baiterek’ National Managing Holding between Deputy Chairman of the Management Board Timur Onzhanov and the Ambassador Extraordinary and Plenipotentiary of the Italian Republic to Kazakhstan, Antonello De Riu.

During the negotiations, the parties discussed possible formats of cooperation between the development institutions of the two countries, including in the areas of industry, agriculture, export support, business lending, and attracting foreign direct investment.

Timur Onzhanov presented the structure and key areas of activity of the Holding, noting that ‘Baiterek’ is the main operator of state support measures for the economy and the financial agent of the Government of the Republic of Kazakhstan. He also emphasized the importance of further expanding international ties and developing mutually beneficial cooperation with the Italian side.

Special attention was given to the activities of the Holding’s subsidiaries, such as the Development Bank of Kazakhstan, Agrarian Credit Corporation, Damu Entrepreneurship Development Fund, KazakhExport Export Insurance Company, and Qazaqstan Investment Corporation. The discussion outlined prospects for cooperation in the implementation of investment projects, the use of insurance and guarantee instruments to support exports, as well as production localization.

Antonello De Riu expressed interest in strengthening economic relations between Italy and Kazakhstan and highlighted the potential for cooperation in sectors of mutual priority.

The parties agreed to maintain regular dialogue and work on specific initiatives to strengthen the Kazakhstan–Italy partnership.