On October 10, 2024, the Kazakhstan-Lithuania business meeting in Astana highlighted a significant development in bilateral economic relations, particularly in the realm of international transportation and logistics. The Kazakhstani branch of IGK Group actively participated in the event to strengthen cooperation between business representatives of both states.
A key moment of the event was the signing of an agreement establishing a Business Council between the two countries, signaling a renewed commitment to cooperation. However, the most exciting news for both nations was the strategic focus on linking the Trans-European Transport Network (TEN-T) with the Trans-Caspian route.
Julius Skackauskas, Vice Minister of Transport and Communications of Lithuania, emphasized the huge potential in connecting these two critical routes. According to Skackauskas, Lithuania is fully committed to the development of the Trans-Caspian path, which could significantly enhance the flow of goods between Europe and Central Asia.
In his speech, Murat Amrin, Deputy Chairman of the Board of NCE “Atameken,” stressed the significance of bilateral relations between Kazakhstan and Lithuania, noting that the Business Council serves as a crucial platform for boosting trade and investment while also helping to address key challenges in the business sector.
IGK Credit Management Kazakhstan actively engaged in discussions and B2B meetings, presenting its services in the field of credit management and trade credit insurance. Protecting businesses against the risk of non-payment in international trade will be crucial as these transport networks evolve and grow.
The event offered an excellent opportunity to establish new business connections between Kazakhstan and Lithuania, as well as to discuss further cooperation prospects in risk management, insurance, and debt collection.