German Companies Interested in Strengthening Partnerships with Kazakhstan
ASTANA – The Federal State of Hesse in Germany is playing a crucial role in fostering business cooperation with Kazakhstan. The Kazakhstan Investment Day 2025 forum, which took place on April 3 in Frankfurt am Main, emphasized the significance of Hesse as a bridge for collaboration between the two countries.
Hesse, known as a prominent transport and financial hub in Germany, is home to major financial institutions like Deutsche Bank, Commerzbank, KfW, and the Frankfurt Stock Exchange. This status positions Hesse as a key platform for connecting businesses and investors from both Kazakhstan and Germany for potential joint ventures.
During the forum, 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. Pentz announced plans for an economic delegation from Hesse to visit Kazakhstan in the near future, with the aim of identifying investment opportunities in promising projects.
The talks focused on enhancing trade and economic cooperation between Kazakhstan and Hesse, exploring avenues for further collaboration. Sklyar also conducted bilateral meetings with German companies to discuss potential partnerships and investment prospects.
With a strong 2024 GDP of 370 billion euros (US$408.4 billion), Hesse stands out as one of the most economically advanced federal states in Germany, making a significant contribution of nearly 9% to the national economy. The discussions at the Kazakhstan Investment Day 2025 underscored the growing importance of Hesse as a strategic partner for Kazakhstan in fostering business relations and investment opportunities.
