Kazakhstan is located in Central Asia and is the 9th largest country in the world. It occupies more land than Western Europe, and is the business center of 56 million Central Asians. It is immensely rich in natural resources particularly oil & gas. Oil production in 2006 is estimated at 1.3 million barrels per day (bpd), and is forecast to be over 3 million bpd before 2020.

Due to its vast oil resources and liberal economic policies, since 2000, the Kazakhstan economy has been growing at more than 9% per year, which means that it has been growing faster than Russia and has been the fastest growing economy in the CIS for the last 3 years.

In addition, the local currency has been stable for more than five years, inflation is less than 7%, unemployment is about 8%, government tax revenues are increasing, gold and foreign exchange reserves are almost US$ 9 billion and the new National Fund established to handle the surplus oil tax revenues has a current balance in excess of US$3 billion. Foreign trade for 2006 is estimated to continue to grow at an annual rate of about 20% with imports projected to grow to US$13 billion/year and exports to US$ 22 billion/year.

Kazakhstan is a member of the five-country Eurasia Economic Community, along with Belarus, Russia, Kyrgyzstan, and Tajikistan, and together with Russia has applied for WTO membership which it hopes to achieve in 2009.

Kazakhstan has the fastest growing economy among all the countries of the CIS. Kazakhstan is immensely rich in natural resources particularly hydrocarbons, which is providing the republic with huge inflows of foreign currency enabling a sustainable increase in consumer spending.

Kazakhstan is a land-locked country, and being far from the sea has a distinctly continental climate. The air is very dry and rainfall is low, Winter is very cold with temperatures in the south often down to -20 and in the north as low as low as -50. During summer it is very hot with temperatures in the north up to 30 and in the south up to 40. It is a country with very strong needs for modern HVAC technologies.

With oil exports growing by 20% per year, the Kazakhstan building industry is booming. One of the first expenditures for the new middle class is either buying new housing or renovating existing kitchens and bathrooms, and this sector of the market is growing fast. In addition, the rapid growth of new suburban areas, and dramatic renovation and reconstruction of dachas is leading to strong growth in demand for septic tank and swimming pool technologies.

• Refrigeration equipment & technologies
• Air-conditioning distribution, thermostats, metering technologies
• Cooling systems, compressors
• Ventilating systems and equipment
• Climatic equipment
• Heating equipment
• Heat pumps, heat exchanges
• Boiler eguipment
• Installation technologies, tools & equipment
• Environmental and energy saving technologies