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Chagala Group

Kazakhstan a ‘land of opportunity’, says Chagala chief

Francisco Parrilla, chief executive at Chagala Group PLC (LON:CHA), says Kazakhstan, where it primarily operates, is full of untapped potential which he hopes the company will benefit from.

“As it becomes a business environment, it’s a land of opportunities,” Parrilla tells Proactive.

“There are so many things that have been done somewhere else that have not been done in Kazakhstan and there are no real barriers to business in [the country] if you have the right advisors.”

Over the coming year, Parrilla adds that Chagala will look to move into countries where most other companies daren’t venture.

Speaking to Proactive, Parilla explains: “We’re in the process of expanding into countries where people don’t see an obvious opportunity

“Like for example Egypt, Bulgaria or Turkey – where everybody thinks is not the right place to invest, we think it’s a good time to invest.”

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