Strong appetite observed in German corporations for beefing up partnerships with Kazakhstan
A Fresh Take on German-Kazakhstan Economic Ties
Astana, the Federal State of Hesse in Germany, serves as a vital link for business collaboration with Kazakhstan, as emphasized at the Kazakhstan Investment Day 2025 forum held on April 3 in Frankfurt am Main. The prime minister's press service reported this gathering.
Amidst leading German financial institutions such as Deutsche Bank, Commerzbank, KfW, and the Frankfurt Stock Exchange, Hesse offers a fertile ground forening partnerships and attracting investors for joint ventures.
First Deputy Prime Minister Roman Sklyar spearheaded the Kazakh delegation, meeting with Manfred Pentz, Hesse's Minister for International Cooperation, Europe and Debureaucratization. The latter promised an economic delegation from Hesse would journey to Kazakhstan in the approaching months, seeking avenues for investing in prospective projects.
Discussions revolved around trade and economic cooperation between Kazakhstan and Hesse, touching upon the promising future of their relationship. Sklyar also held several bilateral meetings with German companies.
Hesse's economic strength is undeniable, with a 2024 GDP of 370 billion euros ($408.4 billion), representing nearly 9% of Germany's national economy.
Delving deeper into their economic alliance, the relationship between Hesse and Kazakhstan can be traced back to 1992, forging a path of resilient cooperation despite global changes. In the recent past, Kazakhstan has demonstrated impressive economic growth, boasting a 5% increase last year, making it an appealing partner for German businesses.
While discussing specific investment projects developed by Hesse in Kazakhstan remains scarce, the broader picture of economic cooperation and potential investment opportunities arises through events like the Kazakhstan Investment Day and the burgeoning trade relations with states like Bavaria. The German-Kazakh Business Council, backed by senior officials like Deputy Prime Minister Roman Sklyar, has undertaken initiatives aimed at fortifying economic ties between the two countries.
In 2025, Commerzbank, alongside other German financial institutions, formed part of a network for prosperous business partnerships with Kazakhstan, as represented at the Kazakhstan Investment Day forum in Frankfurt am Main. During this event, the Kazakh delegation, led by First Deputy Prime Minister Roman Sklyar, engaged in discussions with Manfred Pentz, Hesse's Minister for International Cooperation, Europe, and Debureaucratization, concerning the potential debureaucratization of finance arrangements for future business ventures. The Hesse minister assured a delegation from his region would travel to Kazakhstan in the coming months, with a focus on identifying suitable investment opportunities for the year 2025 and beyond.
