Some Problems of Turkish Investments in Kazakhstan (The Example of Turkish Firms in Almaty) ★

Today, Turkey is one of the leaders in the field of investment in Kazakhstan. As stated by the President of the Republic of Kazakhstan Nursultan Nazarbayev recent visit to Turkey, “Turkey and Kazakhstan turnover should reach 1mldr. Dollars.” In Kazakhstan, Turkish companies are working in the service industry, health care, construction, as well as in education. Increased amounts of them are in Almaty. 152 Turkish firms were selected by using sampling methods and face-to-face questionnaire were carried out to collect data for the research urposes. The findings of the study show that the majority of Turkish firms operating in Kazakhstan were set up by Turkish capital; the proportion of the firms which made investment around 1,000,000 $ and above is high; the number of local employees in the firms is larger than their training needs are high; and Turkish firms face a severe foreigners; competition from the local and foreign companies.