Astana recently welcomed the 40th meeting of the Berlin Eurasian Club (BEC) on May 15. The event served as a platform for over 30 German and Kazakh companies to come together and discuss ways to enhance investment attractiveness. Representatives from various industries such as energy, machinery, agriculture, and mining participated in comprehensive discussions covering topics relevant to raw materials, industrial collaboration, technology, and agro-industrial cooperation.
According to First Deputy Prime Minister Roman Sklyar, the trade turnover between Kazakhstan and Germany experienced a significant increase of 41% in the previous year, amounting to nearly $4 billion. This positive trend has continued into the current year, with trade volume seeing an additional growth of 34% in the months of January and February.
Sklyar emphasized the significance of Kazakhstan’s inclusion in Germany’s list of 34 countries eligible for preferential investment guarantees. This inclusion reflects high political stability and investment security in Kazakhstan. In recent years, Kazakhstan has made considerable progress and now stands among Germany’s top 50 leading foreign trade partners.
With exciting opportunities unfolding in investment cooperation, there is ample potential for the development of new, high-quality projects with substantial added value. The event highlighted the mutual interest in expanding trade and economic collaboration, encouraging the exploration of new avenues for partnership and growth between Kazakhstan and Germany.