News

29/07/2010 - Kazakhstan, Luxembourg discuss deepening of economic ties

The issues of further strengthening of bilateral economic cooperation between Kazakhstan and Luxembourg were discussed at the meeting of Kazakh Ambassador to Belgium and Luxembourg and Head of the Kazakhstan's Mission to the EU and NATO Yerik Utembayev with Luxembourg Minister of Economy and Foreign Trade Jeannot Krecké.  The Kazakh diplomat suggested considering an opportunity of developing a long-term economic cooperation plan between the two states. The document could be based on the interaction in financial, transport, metallurgical and satellite/navigation spheres. Mr. Jeannot Krecke backed this initiative. He expressed interest in attraction of Luxembourg investments and scientific-technical potential to Kazakhstan's processing industry. Y. Utembayev informed of the successful start of the European Investment Bank in Kazakhstan. Mr. Krecke praised the current interaction between Kazakhstan and the EIB. He emphasized that the EIB's financial instruments would allow to expand and enhance the bilateral investment dialogue. The sides agreed to cooperate in the field of financial monitoring and consider an opportunity of coordination of anti-crisis measures, including the exchange of ministerial delegations. They also expressed readiness to expand a legal base between Kazakhstan and Luxembourg.