Kazakhstan to Expand Partnership in Mining Industry with EU Countries, Says Kazakh PM Alikhan Smailov

NUR-SULTAN – The trade turnover between Kazakhstan and the European Union countries for the first half of 2022 reached $20.1 billion, a 51.2 percent increase compared to the same period last year, said Kazakh Prime Minister Alikhan Smailov during a July 19 video conference, reports the Kazakh Prime Minister’s press service.

Smailov stressed Kazakhstan’s interest in advanced methods of geophysical research. Photo credit: primeminister.kz

The EU has been one of the main political, trade, economic and investment partners of Kazakhstan for many years, said Smailov.

According to the results of the first quarter, the gross inflow of foreign investments increased by 54 percent and reached $6.8 billion. In the mining industry, the inflow of investment capital increased by 35.7 percent and reached $3.5 billion.

Smailov noted the EU’s interest in the country’s mining industry. He invited the countries of the EU to partner with Kazakhstan in geological services in such areas as digitalization, the development of geological science and the establishment of industry infrastructure.

“The potential for cooperation in this sector is enormous indeed,” said Smailov.

The Kazakh PM announced that a single Kaznedra platform will be commissioned to combine and integrate all existing information systems in the field of subsoil use. Thе platform will facilitate comprehensive service support to investors in a ‘single window’ format.

Smailov also stressed Kazakhstan’s interest in advanced methods of geophysical research.

The head of the European Union Delegation to Kazakhstan, the ambassadors of Germany, France, Spain, Lithuania, Poland, Belgium, Sweden, Slovakia, Estonia, Croatia, the Netherlands, Bulgaria, the Czech Republic, Latvia, Finland, Italy, Austria, Greece and Romania, as well as heads of central government agencies and national companies also attended the video conference.

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter and Telegram!