OREANDA-NEWS. February 20, 2014. The parties discussed issues of bilateral cooperation, contributing to the creation of favorable conditions for attracting investments into the Kazakh economy and business development in the country.

Kazakhstan considers cooperation with the European Investment Bank as an important element of an integrated development of relations with the European Union, the largest trade partner of our country, Yerbolat Dossayev said.

In addition, the Head of MEBP stressed that cooperation will encourage the inflow of foreign investment and the development of business activity in Kazakhstan.

Development Bank of Kazakhstan’s projects financing and KazaAgro has a positive impact on development of the companies’ sector with an average market capitalization of Kazakhstan, other companies operating in the energy, infrastructure, industry and agro-food sector.
For reference: in April 2010, Framework Agreement between Kazakhstan and the European Investment Bank on the Bank's activities in Kazakhstan was signed in Brussels (it came into force in April 2011) and the Memorandum of Understanding between JSC "Samruk - Kazyna" and JSC "Development Bank of Kazakhstan", on the one hand, the EIB, on the other hand, providing the EIB's willingness to invest 300 million euros in projects of Kazakhstan.