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Kazakhstan expands mining industry partnership with EU countries, says Prime Minister of Kazakhstan Alikans Smailov

The volume of trade between Kazakhstan and European Union countries reached 20.1 billion US dollars in the first half of 2022, which is 51.2% more compared to the same period last year, Prime Minister of Kazakhstan Alikan Smailov said in a video conference. July 19. Press service of the Prime Minister of Kazakhstan.

Smailov emphasized Kazakhstan’s interest in advanced geophysical research methods. Image credit: Primeminister.kz

Smailov said that the European Union has been one of Kazakhstan’s main political, trade, economic and investment partners for many years.

According to the results of the first quarter, the total inflow of foreign investments increased by 54 percent and reached 6.8 billion US dollars. In the mining industry, venture capital inflows increased by 35.7 percent to $3.5 billion.

Smailov noted the EU’s interest in the country’s mining industry. He called on EU countries to cooperate with Kazakhstan in geological services in areas such as digitization, development of geosciences and creation of industrial infrastructure.

“The potential for cooperation in this industry is really huge,” Smailov said.

The Prime Minister of Kazakhstan announced that a unified Kaznedra platform will be ordered to integrate and integrate all existing information systems in the field of subsoil use. The platform will facilitate comprehensive service support for investors in a “one-stop” manner.

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

The head of the EU delegation in Kazakhstan, Germany, France, Spain, Lithuania, Poland, Belgium, Sweden, Slovakia, Estonia, Croatia, the Netherlands, Bulgaria, the Czech Republic, Latvia, Finland, Italy, Austria, and Greece and Romania as well as the central governments participated in the video conference. heads of agencies and public enterprises.

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