Munich hosts the Day of Kazakhstan’s economy in Bavaria


Munich hosts the Day of Kazakhstan's economy in BavariaThe city of Munich with the organizational support of the Embassy of Kazakhstan in Germany, the Ministry of Economics and Technology of Bavaria and land Chamber of Commerce has carried out “The day of Economy of the Republic of Kazakhstan in Bavaria”.

The main idea of the event was the expansion of cooperation with Bavaria to attract German investment and technology in the economy of Kazakhstan under the President’s Address as of January the current year. The event was attended by over 200 representatives of official and economic circles of the federal state as well as heads of major corporations and companies of Bavaria.

In his speech, Ambassador of Kazakhstan in Germany, Nurlan Onzhanov informed the participants about the current state of development of Kazakhstan’s economy and favorable investment climate in the country, as well as the interim results achieved by the Government of Kazakhstan in the course of implementation of the State Program of Forced Industrial – Innovative Development of Kazakhstan in 2010-2014. In this regard, he called on the business community of Bavaria to actively use the existing potential and conditions for deepening and expanding mutually beneficial cooperation with Kazakhstan.

Federal Minister of Economics and Technology Michael Glos, the chairman of the Economic Council of Bavaria Otto Wiesheu, Deputy Director General of the Association of Bavarian economy Stefan Albat, Chairman of the Investment Committee of the Ministry of Industry and New Technologies of Kazakhstan Yerlan Hairov, president of the Chamber of Commerce of Kazakhstan Sabr Esimbekov and chairman of “NATR” JSC Aydin Kulseitov made reports at the round table.

The panel discussion themed “Status and prospects of commodity, industrial and technological partnership, as well as collaboration in the field of design and engineering activity” negotiated over the issues of further developing of effective commodity, industrial and technological partnership between Kazakhstan and Germany. Bavarian participants noted the important role of Kazakhstan in the matters of energy and mineral security of Germany.

Bavaria is a state of Germany, located in the southeast. With an area of 70,548 square kilometers it is the largest state by area, forming almost 20% of the total land area of Germany. Bavaria is Germany’s second most populous state (after North Rhine-Westphalia), with 12.5 million inhabitants. Bavaria’s capital and largest city is Munich, the third largest city in Germany.