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Brief information on Kazakhstan
| Short-term | There are no formal restrictions on cover. |
|---|---|
| Medium/long-term | Cover facilities are available on a case-by-case basis. |
| Collateral | For short-term business no security is required for transactions with public buyers, in respect of private buyers bank security or a state guarantees must be provided. The collateralization may only be waived if informative information material on the debtor is available which, subject to the application of strict criteria, justifies the granting of cover on the basis of the buyer’s creditworthiness. For medium and long-term transactions with public buyers, as a rule, a guarantee from the Ministry of Finance or the central bank is required. In the case of private buyers or public buyers which are established as private sector organizations, as a rule, collateral from banks in which foreign shareholders hold a controlling interest or state guarantees must be provided. Besides, collateral provided by the Development Bank of Kazakhstan will be accepted if an additional guarantee is given by the Eurasian Development Bank. This requirement for security may only be waived if audited annual accounts drawn up according to international accounting standards and up-to-date interim figures justify such a waiver. |
| Country risk category | 5 |
No responsibility is taken for the correctness of the information provided
More detailed information on the cover policy can be found in all
articles of the AGA-Report
on Kazakhstan (German version only) and country information
on commercial practices, business climate, market analyses, law,
import procedures, customs duties can be found on the 
website
of Germany Trade & Invest (gtai).
The senior country advisers for Kazakhstan will be pleased to answer your questions
- on single transaction cover: Dr. Lars Ponterlitschek, phone: +49 (0) 40 / 88 34 - 95 80
- on revolving and wholeturnover cover: Mr Detlev Wriede, phone: +49 (0) 40 / 88 34 - 90 25
- on economic analyses: Ms Alexandra Haas, phone: +49 (0) 40 / 88 34 - 95 53