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BUCE accredited its first broker in Kazakhstan

02/19/2018

On February 5, Renmak, a Kazakhstani mining equipment supplier, became BUCE’s certified exchange broker. According to Arkadiy Salikov, BUCE Chairman, expansion of BUCE’s broker network is among top priorities for the current year. “4 brokers from Latvia, Lithuania, Russia and Turkey are already helping us attract new clients. This type of collaboration has proved its efficiency and there is hard evidence to support this claim. Over the last year our Latvian broker brought us 14 new clients and carried out exchange transactions to the tune of 4 million USD. Hopefully our cooperation with the Kazakh partner will no less productive”, Arkadiy Salikov underscored.

meeting with Renmak representatives

In his turn, Rashid Ganiyev, Renmak CEO, said that Belarus is a very interesting market for Kazakh companies while exchange trade provides direct access to some 15 thousand Belarusian producers accredited at BUCE. “We monitor requests from Kazakh companies on a daily basis. Many of them are willing to buy Belarusian products. In this regard, BUCE is an optimal tool since not only does it accumulate supply from local manufacturers but also mitigate the risks related to cross-border trade”, BUCE’s broker in Kazakhstan believes.

Renmak representatives took brokers certificate

.