ASTANA, Kazakhstan, December 6. Kazakhstan and Germany are developing mutual investment ties by taking important practical steps, Trend reports.
The 42nd meeting of the Berlin Eurasian Club (BEC) took place in the capital of Germany on the topic “Current Financial Instruments for the Development of Economic Relations between Kazakhstan and Germany."
The event, held in a mixed format, was attended by around 100 representatives from political and business circles, business associations, and the expert community. Among others, the Kazakh side was represented by Kazakhstan's Ambassador to Germany, Nurlan Onzhanov; Vice Minister of Industry and Construction of Kazakhstan, Olzhas Saparbekov; and the Deputy Chairman of the Board of Kazakh Invest, Madiyar Sultanbek.
A number of new support mechanisms for German businesses were highlighted, which are also aimed at assisting in the implementation of projects in Kazakhstan. A striking example is Kazakhstan's inclusion in October 2023 in the list of 34 countries eligible for the special investment guarantees mechanism of the Federal Government. In September 2024, the German Ministry of Economy and Climate Protection announced the launch of the German Raw Materials Fund, designed to provide additional support to German companies in implementing resource extraction and processing projects.
On the same day, the fourth meeting of the Kazakhstan-Germany Working Group on Financing Joint Projects was held, during which memorandums of cooperation were signed between Lanxess AG and Kazakh Invest, as well as between AKA Bank and the Export Credit Agency of Kazakhstan.
To note, BEC (Berlin Eurasian Club) is a unique dialogue platform. BEC meetings are held annually in Astana, Brussels, and Berlin. Over the 10 years of its existence, the Club has become an effective mechanism for direct interaction between representatives of business circles interested in mutually beneficial business with officials and the expert community of the two countries.
