EU countries invest $5.2 billion in Kazakhstan in first half of 2023

The trade turnover between Kazakhstan and the EU countries exceeded $34 billion in the first 10 months of 2023. The EU countries invested over $5 billion in Kazakhstan’s economy in the first half of the year. Since 2005, the total volume of European investments has reached $175 billion. These figures reflect a consistent course towards the expansion of trade and economic cooperation, as highlighted by Kazakh Prime Minister Alikhan Smailov at the 13th meeting of the Kazakhstan-EU dialogue platform. The country, in cooperation with European companies, actively implements and expands a pool of investment projects. Some of these initiatives include the production of green hydrogen in the Mangystau region, a one-gigawatt wind farm, the fourth gypsum board manufacturing plant, and an enterprise for large-unit assembly of vehicles. Smailov noted that creating favorable conditions for businesses and improving the investment climate remain among the government’s top priorities. The event also featured discussions on refining the country’s tax and customs systems, developing the pharmaceutical industry, geological exploration, and agricultural industry, as well as on business support.

Web-editor: Aizhan