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Number of German companies operating in Kazakhstan increases

Business Materials 3 July 2020 10:59 (UTC +04:00)
Number of German companies operating in Kazakhstan increases

BAKU, Azerbaijan, Jul. 3

By Nargiz Sadikhova – Trend:

The number of companies operating in Kazakhstan with Germany’s capital amounted to 884 companies as of Jun.1, 2020, which is 10 companies more than as of Jan. 1, 2020 (874 companies), Trend reports with reference to Kazakhstan’s Statistics Committee.

Of 884 companies registered, 627 proved to be active, which also is 12 companies more than as of Jan. 1, 2020 (615). Furthermore, of total German companies registered in Kazakhstan (850 small, 21 medium, and 13 large).

The majority of the companies with Germany’s capital (268 companies) operate in Kazakhstan’s wholesale and retail trade sector, as well as in vehicles repair.

The next greatest number of companies (83) with German capital operates in Kazakhstan’s professional, scientific and technical activity. The third place accounts for 79 German companies operating in processing industry of Kazakhstan.

In turn, the least number of companies with Germany capital operates in the water supply sector; collection, processing and removal of waste, liquidation activities, and art, entertainment and leisure – three and five companies respectively.

Furthermore, no companies with Germany’s capital operate in Kazakhstan’s compulsory social security; and in activities of extraterritorial organizations and bodies.

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Follow the author on twitter: @nargiz_sadikh

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