On August 31, 2022, Berlin hosted the 13th meeting of the Kazakhstan-Germany Business Council. The Council discussed cooperation in entrepreneurship, German investments in Kazakhstan's economy, and some current global issues. The meeting was dedicated to the theme "Climate change, logistics, and food security – the challenges of the new era."
The meeting of the Business Council was attended by Raimbek Batalov (Chairman of the Presidium of Atameken Chamber of Entrepreneurs), Niko Varbanoff (Co-Chairman of the Kazakh-German Business Council, Director for International Development of Deutsche Bahn AG), Kanat Sharlapayev (Chairman of the Board of Baiterek Holding), and representatives of state bodies and business community of the two countries.
– Today, Kazakhstan has more than 1,000 enterprises financed by German corporations. They work in power engineering, metallurgy, agro-industrial complex, gas chemistry, mining, and other industry. Due to the current geopolitical situation, Baiterek Holding pays special attention to food security, logistics, and the development of alternative energy sources, – stated Kanat Sharlapayev.
He also told his German colleagues how Baiterek Holding supports domestic entrepreneurs and works with investors and the business community to find and finance various projects.
At the end of his speech, Kanat Sharlapayev called on German and Kazakhstani businessmen to not hesitate to seek the help of financial institutions to implement large-scale investment projects.
– The Holding will be a reliable partner in business initiatives of the Kazakh-German corporations. We are ready to provide support in financing, finding partners in Kazakhstan, structuring projects, and attracting large investors.
Niko Varbanoff emphasized the importance of the topics discussed and expressed the need to deepen trade, economic and investment cooperation between Kazakhstan and Germany.
Kanat Sharlapayev also took part in a meeting with Dr. Volker Treyer, a member of the Board of the German Association of Chambers of Commerce, Industry and Foreign Trade.
Also, the Holding's delegation participated in a meeting with Michael Harms, Managing Director of the German Eastern Business Association.
The delegations of both countries were satisfied with the meeting results and expressed the readiness to expand the cooperation between Germany and Kazakhstan.
Background information: The Business Council is a coordinating and advisory body that seeks to increase the efficiency of business relations between organizations and associations in Kazakhstan and Germany. The Business Council also tries to strengthen the cooperation between companies in Kazakhstan and Germany, encouraging direct contact and exchange of information between them.
According to statistics, Kazakh-German trade increased by 32.3% and amounted to 5.1 billion euros in 2021. As a result, Kazakh export to the German market increased by 52.4%. More than 90% of German investments in Kazakhstan were made in the non-oil sector, in particular, the processing industry, the chemical industry, the production of building materials, transport, and the agro-industrial complex.