The daniel kunin kusto group great blog 7457

Daniel Kunin of Kusto Group Discusses the Company, Investment Strategy and Fostering Sustainable Growth  (Photo : Courtesy)Before joining Kusto Group, Daniel Kunin served as a senior advisor to the Government of Georgia during a time of transition from failed state to emerging economy. It was in this position that Kunin was introduced to the Kusto Group team."We quickly became friends," says Kunin of Kusto's administration. "What attracted me to join their project was my friendship with the owners and their genuine entrepreneurial spirit, which runs right through the business."Kusto Group's global perspectiveSoon after joining the company as a managing director, Kunin daniel kunin kusto group helped initiate and spearhead the process of moving Kusto Group's headquarters to Singapore. The company had already established numerous ventures in the Southeast Asian region and the new location afforded the company a renewed global perspective that could potentially open up the company to larger and more diverse markets"Singapore is obviously in and of itself a thriving financial centre too, which we felt would give us greater access to capital markets."The next challenge for Kunin came when Kusto Group continued its global expansion with the purchase of Israeli paint manufacturer, Tambour, in 2014. The move of buying an established, leading market competitor was a bit out of character for the company which had grown by reforming existing businesses into profitable ventures.  Yet, Kunin insists the company's acquisition of Tambour was not a change of strategy but rather an opportunity that was recognized and acted upon.According to Kunin, "Kusto Group's investment strategy is founded upon entrepreneurship that is also opportunistic - that doesn't necessarily have to be acquisitions - but it is almost always about transformation. Today, Tambour looks very different from when we acquired it - not only has it grown it is also more focused. I expect it to look different in five years as well as we continue transforming and growing it."(Photo : Courtesy) Daniel Kunin, a managing director of Kusto Group, is enthusiastic about the company's upcoming projects and initiatives. Kusto Group's efforts to modernize Kazakhstan's protein industryKunin is enthusiastic about Kusto Group's latest project to implement londonlovesbusiness.com/daniel-kunin-on-strengthening-kusto-groups-relationship-with-kazakhstan-and-america/ an integrated protein strategy in the company's native Kazakhstan. The country, supported by the government, has initiated a process of diversifying its economy. Kazakhstan has long been dependent on the extraction sector to sustain its economy, making it vulnerable to market shifts.For its part, Kusto Group has concentrated its efforts on transforming Kazakhstan into a global leader in agriculture. The company has been party to several public and private partnerships aimed at introducing the newest technologies and best practices employed by leading American companies to Kazakhstan."Our recent projects with Tyson Foods, Valmont Corporation and others to bring state-of-the-technology to Kazakhstan are, as the Kazakh Prime Minister Askar Mamin himself has said, a major step forward for the country. They bring jobs, know-how, increased efficiency, better yields, enhanced predictability and, perhaps most importantly, a commitment to sustainability that is fundamental for agriculture to succeed. By better managing and using water for example, not only do crop yields have better performance, but the entire resource is better utilised. The future in agriculture is all about sustainability and if this is not on the top of the list, this business cannot succeed."Kazakhstan is already a major exporter of wheat - a legacy of the Soviet period - and the next step is to diversify crop exports and expand and develop Kazakhstan's protein production, particularly beef and lamb. What is required is capital, hard work and entrepreneurs who are willing to deploy it effectively. That's where we come kusto group in, together with our partners and the other stakeholders."Embracing new technologiesKunin believes that these new technologies are key to enabling Kazakhstan to achieve its agricultural potential, which is essential for the future of Kazakhstan and Kusto Group."Precision agriculture, which we're championing in Kazakhstan, helps to cut down on water use and doesn't deplete the land in the way that mechanised agriculture elsewhere does," says Kunin. "Kazakhstan's natural advantage of land also means its more sustainable. No forests need to be cut down to support agriculture in Kazakhstan! Rather, the culture has a unique strength in land management, animal husbandry and sustainable practices towards nature."Foreign direct investment in Kazakhstan has increased in recent years and the country has risen on the World Bank's Ease of Doing Business Index to a ranking of 28th. Kunin says that all of these factors indicated that Kazakhstan is experiencing a critical moment as an emerging economy."As our agriculture efforts demonstrate, the signs are positive that international investors are placing their trust in the country," he says. "In my http://kustogroupakbu019.over-blog.com/2020/02/daniel-kunin-announces-kusto-group-signs-mou-with-dundee-sustainable-technologies-6.html experience, emerging economies discover there is a threshold they need to cross before investors will place their capital in the country long-term. This requires institutional maturity in the country's governance structures and a predictability around the rule of law that comes after long periods of stability. Kazakhstan has reached that stage. It is now the stand-out leader in this neighbourhood."Looking to the futureKunin and Kusto Group are constantly looking to the future for the next investment opportunity on the horizon. "You never know what might be around the corner; that's always been the Kusto way and it's why I'm here," he says. "We're lucky that we can take a medium to long-term view on our investments. When you're not required Daniel Kunin to perform based on quarterly results, you can afford to make larger, more complicated investments with larger rewards over the longer term. That suits us. It may sound like a cliché, but Kusto is all about long term value creation, establishing sustainable retained earnings, reinvestment and constant growth - rather than quick or timed exits."According to Kunin, Kusto Group is a company that has sought to maximize its value through long-term investment decisions. Kusto's rapid growth, its methods of embracing new technologies and its focus on investing in its people make the company one to watch now and into the future.Article Source:https://www.newseveryday.com/articles/64428/20200310/daniel-kunin-kusto-group-discusses-company-investment-strategy-fostering-sustainable.htm

Yerkin Tatishev’s Kusto Group Invests in Israeli Incubator Initiative to Transform Innovative Ideas into Reality The Kusto Group and its company chairman Yerkin Tatishev have long held the philosophy Daniel Kunin of using innovation, collaboration and education to establish a framework for success and growth. The company’s participation in a new Israeli innovation incubator reflects its foundation's cornerstones and may potentially affect how we work and live.Tambour, a renowned Israeli paint manufacturer, is an integral division of Kusto Group, a Singapore-based multi-sector conglomerate. Daniel Kunin, a Managing Director of Kusto Group, oversaw its acquisition in 2014. Kusto Group, through its Tambour division, joins Indian IT giant WIPRO and a series of Israeli companies including Keter Plastics, Klil, Trellidor and Flying Cargo to build a technology innovation incubator in the periphery of Israel.Kusto Group, and its founder Yerkin Tatishev, are known for innovative ventures in oil and gas, agriculture, construction, and real estate. The vision behind the Israeli incubator initiative is to create a world-class leading technology and entrepreneurial center working in synergy with the already-active Galilee Accelerator in the region. The project will provide a framework so that new concepts can be developed, entrepreneurs are given critical resources, and additional employment opportunities are available in peripheral regions of Israel.“Kusto Group’s investments in Israel through Tambour have already had a noticeable impact in many parts of the economy,” said Tambour Chairman Max Sartiev, praising the boosting effect the incubator has already had on the local economy. “By supporting start-ups via this incubator, Kusto is helping to provide more well-paid, highly skilled jobs in peripheral regions and support the entrepreneurship that will sustain lasting growth.”Kusto Group Investment ParticipationThe project will also be executed in collaboration with the Manufacturer’s Association of Israel, the Israel Innovation Authority, the Municipality of Karmiel and the Ministry of Economy and Industry. Kusto Group has a well-established approach of partnering with extraordinary businesses and this Israeli start-up incubator is another example of such an investment. The incubator will be an asset to each investing company, transforming the way they communicate, share resources, and improve technical advances, all while increasing social and human capital in the companies and daniel kunin kusto group the communities near and around the incubator.Daniel Kunin described how Kusto’s investment in the Israeli innovation incubator fits the company’s broader investment approach.“At Kusto, we see every day how new technologies are changing the game in industries across the board. By incubating these technologies and providing guidance, we can help the next generation of entrepreneurs realize the transformative potential of the Fourth Industrial Revolution. We’re expanding our investments in innovative technologies all over the world: The incubator in Karmiel is just the latest, exciting example.”Kusto Group has an established history of partnering with exceptional businesses to support innovative technology and best practices in Tatishev’s native Kazakhstan and around the world. Kusto has been actively involved https://www.ottawalife.com/article/yerkin-tatishevs-kusto-group-to-pursue-initiative-with-canada-based-dundee-sustainable-technologies?c=9 in modernizing the agriculture sector in Kazakhstan and has established a thriving agribusiness in Ukraine. The company’s international operations also include supplying high-quality building materials to the booming Vietnamese construction industry. In addition, they have worked to bring groundbreaking engineering processes to the mining industry across Central Asia and Canada. Tatishev, who believes people are the strength of an organization, actively invests in the education of his employees; offering managerial and professional development training within the organization.Israel: Start-up NationIsrael has the ideal climate for such an approach to global startups and high-tech companies that develop innovative concepts into commercial products. Israel has been dubbed the ‘startup nation’ with more startups per capita than any other nation. The country’s culture and kusto group society value creativity, resourcefulness and ingenuity. Innovation has become an export giving a lucrative economic boon to this small Mediterranean country.Israel also has a highly skilled workforce which gives the country an additional benefit of human capital. Dozens of innovation incubators have already been established across Israel impacting many sectors including technology, finance, operational and administrative support. The goal of these incubators is to provide startups that have developed innovative concepts with resources that will help them thrive financially and become viable on their own.Winners of the competitive start-up incubator program will be awarded a grant of up to 500,000 shekels ($142,500 USD) per year during the concession period, and incubator companies will be eligible for a grant of up to a million shekels ($285,000 US).Unique Northern Israeli IncubatorThe incubator initiative supported by Kusto Group has the potential to transform how technology is used in manufacturing and industry across the globe. The project is inspired by the Fourth Industrial Revolution, which explores artificial intelligence, virtual reality, nanotechnology, augmented reality, and the Internet of Things, and the application of these technologies to the manufacturing and industrial sector. Other Fourth Industrial Revolution areas to be explored include 3-D printing, biotechnology and quantum computing.This Israeli incubator is unique in several ways. It is a collaboration of industry businesses, educational institutions and public government entities. Land for the facility has been provided by the Municipality of Karmiel. The ORT Braude College of Engineering will also participate in the incubator, providing members with access https://www.spreaker.com/user/yerkintatishev to technology labs and professional and technological guidance from its professors. Additionally, students attending the college will be able to take advantage of participation in incubator projects while gaining experience and earning credit towards their degree requirements.Committed to InnovationInvestment in the innovative incubator is another example of the Kusto Group’s commitment to embracing social capital, fostering its creativity and innovation potential. Groundbreaking technology development, along with supporting the educational growth and development of young people, is part and portion of Tatishev’s vision. Tambour and Kusto Group are proud to join this alliance of international and Israeli companies that are working to transform innovative ideas into reality.“This effort is an example of the power of cooperation between industries, students, government entities, and startups,” says Sartiev. “Through my own experiences and in my work at the Kusto Group, I truly believe that teamwork and education are the most important elements in achieving success. Tambour and Kusto Group are proud to be members of this alliance, helping to transform innovative ideas into reality.”Yerkin Tatishev’s Kusto Group

Kusto Group aims to translate its own success into a booming agribusiness industry across Kazakhstan. Yerkin Tatishev, Chairman of the Board of Daniel Kunin Directors of Kusto Group, has a dream to modernize and expand the meat production industry in Kazakhstan. Daniel Kunin, a managing director at Kusto Group says, this effort “requires long-term thinking, strategic planning, intensive stakeholder mapping and understanding, and the creation of a network of inter-linked partnerships that are both joint ventures but also intensive public-private partnerships.”The Singapore-based company founded by a group of young Kazakh entrepreneurs has a vision of producing enough meat produced in the region to feed the country in addition to exporting products to nearby nations and beyond. Through strategic partnerships with international firms and investors, the introduction of innovative technologies and a commitment to all levels of the value chain, Kusto Group aims to make this vision a reality. Tatishev and Kusto aspire to add quality to both the production process and meat products, whether it be beef, lamb, chicken, or pork. While pork may not be in demand locally due to different eating habits, the market for export is blossoming.Kazakhstan currently produces around $1800 thousand tons of meat per year which is consumed within the country. Chicken is also imported to cover domestic demand. Tatishev explains, “Kazakhstan’s production potential in this area is estimated at about 10 million tons per year. Valued at around $30-40 billion! This income is comparable to our oil industry, which today returns about $40-50 billion a year.”Raising Quality Standards Across The IndustryKazakhstan’s agriculture segment is undeveloped, especially in the meat industry according to Tatishev and Kunin. The country has a unique opportunity to become a producer of high-quality protein without the addition of antibiotics. This type of protein is currently in high demand across markets and increasing worldwide.This class of protein that Kusto Group intends to produce cannot be deemed “organic” by American standards, but it can be classified as “natural”. It carries a higher price tag because of this designation. There is a growing school of thought that deems unnatural products unhealthy, especially for the young, and the market demonstrates that consumers are ready to pay more for quality and safety.Tatishev and Kunin have asserted that Kazakhstan has a real opportunity to become one of the top $15 producers https://bdaily.co.uk/articles/2019/11/25/yerkin-tatishev-declares-kazakhstan-a-leader-among-the-worlds-emerging-economies of high-quality protein in the world. Kusto Group’s numerous partnerships with American firms demonstrate that they are not alone in their confidence in the country’s potential.Kazakhstan has all the necessary ingredients to follow an American-style development of livestock husbandry. This development style utilizes a fattening diet based on non-GMO corn and soy.The warmer climates of Brazil and Argentina force those countries to use grass-fed production, antibiotics, and other methods to grow livestock. The meat produced in these countries is economy-class meat. Tatishev believes that in Kazakhstan, there is an opportunity to develop an industry virtually from scratch that will provide premium-quality meat and make the country a world leader in the agriculture industry. Yerkin Tatishev, center, Daniel Kunin, third from the left, and members of Kusto Group visit a farming operation in the United StatesBuilding on SuccessThe Kusto Group’s livestock division in Kazakhstan, Kazbeef, become the largest producer of high-quality beef in the country in the past year. The company’s operations also include KazSeed, a producer of feed crops. Both KazBeef and KazSeed have developed partnerships with specialists from the United States who support their operations.The newest partnership for Kusto Group is a project with Tyson Fresh Foods, a division of the food production giant Tyson Foods, in association with the Government of Kazakhstan to build a high-tech meat processing facility in Kazakhstan. The partnership represents the largest business deal in the agricultural sector since the country’s independence. In addition to the Tyson deal, Kusto Group has entered into a joint venture with Nebraska-based Valmont Industries, the largest producer of precision irrigation system equipment. The new manufacturing facility they plan to collaborate on will be located in the center or northern region of Kazakhstan where the primary need for such irrigation systems is located.KazBeef is committed to using modern technology and best practices in all levels of operation with the goal of producing 6 thousand tons of high-quality beef in a year. The demand for protein of this quality currently far exceeds the supply in both domestic and foreign markets, meaning there is no ceiling for growth.Tatishev says, “Even in Kazakhstan, we are capable of producing much more than we produce now. Currently, all of our products are delivered domestically.” He continues with, “The Chinese recently came to us and offered a contract for 100 thousand tons of meat per year.” This market is huge, and they are interested in high-quality meat, which is a growing trend in the middle class and a trend across the world.An Industry TransformedKusto Group conforms https://en.globes.co.il/en/article-singaporean-company-buys-tambour-for-nis-500m-1000941815 to the philosophy that in Kazakhstan, growth in the agricultural field needs to begin at the foundational level. Development takes time. Breeding stock needed to be established and restored. Improving genetics continues to be a focus for KazBeef. They have established its breeding stock by importing pedigreed cattle from the United States and now are working kusto group to increase this population.High-yield, quality feed for livestock is also crucial. It is necessary to expand the production of corn, soybeans, and alfalfa. This must work in conjunction with adapting these crops to the climate of Kazakhstan. All this takes time.According to Tatishev, this industry is being transformed right now. Kazakhstan has been limited by its level of food security, only producing what can feed the population right now. In reality, Kazakhstan can feed itself and many others around the world.The changes are renewable and will not run out if managed with a competent approach. Fossil fuels are finite, running out and limited. daniel kunin kusto group There is no limit on land and water and, using the right technology and best practices, sustainable development is ensured. A strong animal husbandry sector will support a greater number of farms and employ hundreds of thousands of workers.Article Source:https://ceoworld.biz/2020/02/23/yerkin-tatishev-and-daniel-kunin-of-kusto-group-on-building-an-integrated-protein-strategy-in-kazakhstan/

Kusto Group aims to translate its own success into a booming agribusiness industry across Kazakhstan. Yerkin Tatishev, Chairman of the Board of Directors of Kusto Group, has a dream to modernize and expand the meat production industry in Kazakhstan. Daniel Kunin, a managing director at Kusto Group says, this effort “requires long-term thinking, strategic planning, intensive stakeholder mapping and understanding, and the creation of a network of inter-linked partnerships that are both joint ventures but also intensive public-private partnerships.”The Singapore-based company founded by a group of young Kazakh entrepreneurs has a vision of producing enough meat produced in the region to feed the country in addition to exporting products to nearby nations and beyond. Through strategic partnerships with international firms and investors, the introduction of innovative technologies and a commitment to all levels of the value chain, Kusto Group aims to make this vision a reality. Tatishev and Kusto aspire to add quality to both the production process and meat products, whether it be beef, lamb, chicken, or pork. While pork may not be in demand locally due to different eating habits, the market for export https://www.goodreads.com/book/show/31348435-the-keeper-of-the-scroll is blossoming.Kazakhstan currently produces around $1800 thousand tons of meat per year which is consumed within the country. Chicken is also imported to cover domestic demand. Tatishev explains, “Kazakhstan’s production potential in this area is estimated at about 10 million tons per year. Valued at around $30-40 billion! This daniel kunin kusto group income is comparable to our oil industry, which today returns about $40-50 billion a year.”Raising Quality Standards Across The IndustryKazakhstan’s agriculture segment is undeveloped, especially in the meat industry according to Tatishev and Kunin. The country has a unique opportunity to become a producer of high-quality protein without the addition of antibiotics. This type of protein is currently in high demand https://www.bloomsbury.com/uk/themes-and-issues-in-judaism-9780304337583/ across markets and increasing worldwide.This class of protein that Kusto Group intends to produce Daniel Kunin cannot be deemed “organic” by American standards, but it can be classified as “natural”. It carries a higher price tag because of this designation. There is a growing school of thought that deems unnatural products unhealthy, especially for the young, and the market demonstrates that consumers are ready to pay more for quality and safety.Tatishev and Kunin have asserted that Kazakhstan has a real opportunity to become one of the top $15 producers of high-quality protein in the world. Kusto Group’s numerous partnerships with American firms demonstrate that they are not alone in their confidence in the country’s potential.Kazakhstan has all the necessary ingredients to follow an American-style development of livestock husbandry. This development style utilizes a fattening diet based on non-GMO corn and soy.The warmer climates of Brazil and Argentina force those countries to use grass-fed production, antibiotics, and other methods to grow livestock. The meat produced in these countries is economy-class meat. Tatishev believes that in Kazakhstan, there is an opportunity to develop an industry virtually from scratch that will provide premium-quality meat and make the country a world leader in the agriculture industry. Yerkin Tatishev, center, Daniel Kunin, third from the left, and members of Kusto Group visit a farming operation in the United StatesBuilding on SuccessThe Kusto Group’s livestock division in Kazakhstan, Kazbeef, become the largest producer of high-quality beef in the country in the past year. The company’s operations also include KazSeed, a producer of feed crops. Both KazBeef and KazSeed have developed partnerships with specialists from the United States who support their operations.The newest partnership for Kusto Group is a project with Tyson Fresh Foods, a division of the food production giant Tyson Foods, in association with the Government of Kazakhstan to build a high-tech meat processing facility in Kazakhstan. The partnership represents the largest business deal in the agricultural sector since the country’s independence. In addition to the Tyson deal, Kusto Group has entered into a joint venture with Nebraska-based Valmont Industries, the largest producer of precision irrigation system equipment. The new manufacturing facility they plan to collaborate on will be located in the center or northern region of Kazakhstan where the primary need for such irrigation systems is located.KazBeef is committed to using modern technology and best practices in all levels of operation with the goal of producing 6 thousand tons of high-quality beef in a year. The demand for protein of this quality currently far exceeds the supply in both domestic and foreign markets, meaning there is no ceiling for growth.Tatishev says, “Even in Kazakhstan, we are capable of producing much more than we produce now. Currently, all of our products are delivered domestically.” He continues with, “The Chinese recently came to us and offered a contract for 100 thousand tons of meat per year.” This market is huge, and they are interested in high-quality meat, which is a growing trend in the middle class and a trend across the world.An Industry TransformedKusto Group conforms to the philosophy that in Kazakhstan, growth in the agricultural field needs to begin at the foundational level. Development takes time. Breeding stock needed to be established and restored. Improving genetics continues to be a focus for KazBeef. They have established its breeding stock by importing pedigreed cattle from the United States and now are working to increase this population.High-yield, quality feed for livestock is also crucial. It is necessary to expand the production of corn, soybeans, and alfalfa. This must work in conjunction with adapting these crops to the climate of Kazakhstan. All this takes time.According to Tatishev, this industry is being transformed right now. Kazakhstan has been limited by its level of food security, only producing what can feed the population right now. In reality, Kazakhstan can feed itself and many others around the world.The changes are renewable and will not run out if managed with a competent approach. Fossil fuels are finite, running out and kusto group limited. There is no limit on land and water and, using the right technology and best practices, sustainable development is ensured. A strong animal husbandry sector will support a greater number of farms and employ hundreds of thousands of workers.Article Source:https://ceoworld.biz/2020/02/23/yerkin-tatishev-and-daniel-kunin-of-kusto-group-on-building-an-integrated-protein-strategy-in-kazakhstan/

A Memorandum of Understanding between Kusto Group and Dundee Sustainable Technologies is expected to be the first step in the development of a joint venture between the two companies.Kusto Group, a privately held, multi-sector industrial holding company based in Singapore under the leadership of Chairman Yerkin Tatishev, recently signed a Memorandum of Understanding with Dundee Sustainable Technologies Inc, a Canada-based company engaged in developing technologies that can effectively and efficiently treat materials in the mining industry, to seek out and develop projects that apply DST’s technologies to mining operations in Kazakhstan, Uzbekistan and Kyrgyzstan.This partnership announcement was made on the 16th of September 2019. DST’s specialty is in testing oxide and sulfide materials for the extraction of nickel, cobalt, copper, zinc, gold and silver. The company has developed innovative metallurgical processes on the basis of chlorination technology.The MOU between DST and Kusto Group will Go here allow the organizations to examine a joint venture in developing opportunities in the Central Asian countries of Kazakhstan, Uzbekistan and Kyrgyzstan. Kusto Group is interested in the direct application of DST’s Glasslock and CLEVER Process in current and future mining operations across the region. This agreement marks the first steps in establishing a joint venture between Kusto and DST. The aim of this collaboration is to enhance economic and sustainable growth in the regional daniel kunin kusto group mining industry.Kusto and DST to further explore potential partnershipThe companies will conduct a survey of possible projects that will include a processing, operating, and economic evaluation that will enable Kusto to ascertain how they can best apply DST’s two groundbreaking technologies.With respect to the agreement, Daniel Kunin, a managing director of Kusto Group, stated, “We are excited to begin a partnership with Dundee Sustainable Technologies. DST has kusto group created a world-class suite of technologies https://emerging-europe.com that bring great value to the mining sector and the environment. We look forward to working closely with the excellent team from DST”.According to Mr. Brian Howlett, President and CEO of DST, “Management of DST completed a ten-day visit to Kazakhstan earlier this year and met with numerous potential customers in conjunction with Kusto. DST is pleased to partner with Kusto, a well-respected multi-disciplinary company in the region. Kazakhstan is an incredible market for DST’s Technologies with numerous mining projects operating and also under development.”Kusto’s agreement with DST signifies their continued efforts to develop partnerships with industry-leading firms to introduce new technology and best practices to emerging economies. While the partnership is tailored at expanding Kusto Group and its business, learning from its partners and adopting their best practices and introducing them to new markets, Kusto’s collaboration with DST works both ways. This partnership has the potential to expand Daniel Kunin the reach of DST’s technologies in the industry, making them a champion in the sector.This effort of continuously looking to partner with exceptional businesses in the markets of the world is paired with a clear understanding of the importance of harnessing and encouraging local expertise as well.Generating success for all stakeholdersKusto Group is a multi-disciplinary organization that currently operates in agri-business, oil and gas, construction materials and paint, and real estate. Amassing an incredible annual turnover of $1.0 billion in 2018, the company continues to pursue success through expansion and acquisition. Kusto employs more than 8,000 people across its global operations.Kusto Group and its leadership have experience working in the mining sector of Kazakhstan and understand the potential for economic growth in the regional industry. The origins of Kusto Group can be traced to a mining town whose operations were almost bankrupt. Here, a group of young, ambitious entrepreneurs led by Tatishev introduced new technology and methodologies that led to the revival of the mine and the local economy.The group has shifted its focus to not only increasing production capabilities but also introducing sustainable development in countries and sectors where they operate.Daniel Kunin explained Kusto Group’s unique approach aiming to add value to local economies through its business partnerships and operations. “Thinking about how a project affects local stakeholders such as a town or community is very important. At Kusto, there is a deep sense of ethical responsibility to all stakeholders that goes beyond the usual slogans. In our partnerships, the operating principle is to treat a partner as if they were a team-member of Kusto.”Kusto Group’s continued growthNo doubt, the substantial expansion experienced by Kusto Group has not been free of growing pains, but its leaders, championed by Yerkin, have been able to transform these challenges into opportunities. The company’s experienced management team has applied the numerous lessons they learned over the years to elevate the company to new heights.Buoyed by the strengths of the organization and its employees, Kusto Group has become an award-winning leader, recognized for implementing innovative technologies across multiple industries. As an entrepreneurial organization, Kusto has drawn international attention and won regional acclaim.Kusto Group and its founders have experience working in very complex and challenging environments. But with unity in purpose and clearly defined goals, the company has been able to create sustainable and successful enterprises for all stakeholders – within the region and beyond.Article Source:https://lapostexaminer.com/daniel-kunin-announces-kusto-group-signs-mou-with-dundee-sustainable-technologies/2019/10/17

Uzbekistan is among the world’s fastest growing economies and foreign retailers are beginning to take notice.The arrival of a Wendy’s restaurant to a new shopping mall in Tashkent is another example of the consumer-led economic revitalization of Uzbekistan. The popular American fast food chain comes to the Central Asian country through a partnership between Yerkin Tatishev’s Singapore-based Kusto Group, Georgia’s Wissol Group and a local partner. According to Kazakhstani entrepreneur Tatishev, the group plans to expand their presence with the opening of 20 restaurants across the country over the next 10 years.A consumer-led economic surge in UzbekistanWith the third largest population of former Soviet states, behind Russia and Ukraine, and growing prosperity giving its people increased purchasing power, Uzbekistan has demonstrated tremendous potential for consumer-led growth.The government under President Shavkat https://emerging-europe.com Mirziyoyev has shifted away from the restrictive and isolationist policies of the late president Islam Karimov in favour of economic reform and a new set of tax reforms. This has created new opportunities for growth and attracted the attention of international investors. The first half of 2019 saw foreign direct investment up four-fold from the previous daniel kunin kusto group year.Once considered an economic and social outcast, Uzbekistan’s transition to a free market economy has brought swift and robust change across all sectors. New reforms have opened the Uzbek market for foreign investment and development and ideas about what is considered business have evolved. Industry was once viewed as the only try economic pursuit, but today, that idea is being challenged by domestic and international companies.The domestic retail chain, Korzinka, which has operated for nearly two and a half decades has 21 stores across the country by mid-2016. That figure has doubled to 50 in the short span of three years.International retailers open kusto group shopForeign investment was once heavily concentrated on the oil and natural gas sector, accounting for nearly 70% just three to four years ago. Today, investment in other sectors has diversified and that figure has dropped to around 50% https://www.owler.com/company/kustogroup of total capital flowing into the country. Food processing, textiles and other sectors have attracted the interest of investors leading to a more balanced foreign direct investment.The government has taken assertive steps to court investors. Uzbekistan has secured billion-dollar investment deals with Korean, Chinese, Japanese and Russia companies to manufacture cars, textiles and much more.Western fast food staples, in addition to the Wendy’s restaurants brought to Uzbekistan by Kusto Group, have popped up around the capital of Tashkent including KFC which opened its first store at the end of 2018 and now can be found in several locations around the city. Taco Bell and Pizza Hut, also owned by the franchise giant Yum! Brands, could also be coming to Uzbekistan in the near future. And Uzbekistanis can now enjoy ice cream from the American chain, Baskin-Robbins.Besides fast food chains, new malls have opened in the Uzbek capital of Tashkent and international retailers are beginning to set up shop offering their wares. LC Waikiki, a Turkish fashion retailer that has been expanding its presence in former Soviet Union countries, opened its first store in Uzbekistan this March.Carrefour will likely be the first international grocer to enter the Uzbek market after Majid Al Futtaim, a company with ownership stakes in shopping malls around the Middle East, Africa and Asia, announced a partnership with AKFA, a local real estate and retail group, to open seven supermarkets and hypermarkets in the Central Asian country over the next two years.Hani Weiss, chief executive of Majid Al Futtaim Retail, said in an official statement, “A supportive government, growing economy and high demand for a customer-centric offering like ours makes Uzbekistan a compelling fit for our expansion into Central Asia.”Forecasts predict continued economic expansionGrowing prosperity in Uzbekistan has led to a shift in consumption patterns with an increase in demand for more diverse and higher quality goods. However, average incomes are still lower than in neighboring Kazakhstan and Russia, and unemployment levels remain high leading many young Uzbeks to seek work abroad. Government and business leaders hope that continued economic growth will spur job creation in the country.“Providing opportunities for the next generation is equally important. As well as supporting local producers, our two restaurants have created more than 50 well-paying jobs,” said Yerkin Tatishev. “These jobs at a respected brand will give young people at the beginning of their career the chance to gain invaluable experience and learn from high-quality managers.”“Our Click for info project is another endorsement of a region ‘on the up’,” said Tatishev, acknowledging Uzbekistan’s market potential and the influx of new investment and the arrival of new goods and services to the emerging economy. According to the IMF, Uzbekistan’s economy grew by 6% in 2018 and even faster growth is expected with up to 8% increase forecasted in the next few years.Article Sorurce:https://londonlovesbusiness.com/yerkin-tatishevs-kusto-group-enters-expanding-uzbekistan-consumer-market-with-wendys-restaurant-franchise/