BAKU, Azerbaijan, Sept. 13
Trend:
The volume of direct investments from Germany to Kazakhstan exceeded $64.6 million in the first quarter of 2021, which is 72 percent more compared to the same period of 2020, Trend reports citing the government of Kazakhstan.
“Germany is one of the largest trading partners and key investors in Kazakhstan. Since 2005, the volume of direct foreign investments of Germany in the economy of Kazakhstan has approached $5.1 billion,” the Kazakh government said.
“In the first half of 2021, the volume of trade turnover between Kazakhstan and Germany increased by 26 percent to $1.2 billion. Over 950 enterprises with the participation of German capital operate in Kazakhstan in the fields of energy, agro-industrial complex, mechanical engineering, construction, and logistics sectors,” said the government.