President Kassym-Jomart Tokayev received German Federal Minister of Economics and Energy Katerina Reiche, the press service of Akorda reported. This was reported by Qazaqyia.kz citing Kursiv Media.
The head of state noted that Germany remains one of Kazakhstan's largest trade and investment partners, and cooperation between the countries continues to expand.
"Since 2005, more than $8 billion in direct investment has been attracted to Kazakhstan's economy, with the main share coming from the non-resource sector. Today, over a thousand companies with German capital are successfully operating in our country," said Kassym-Jomart Tokayev.
The president recalled that among the largest German investors in Kazakhstan are companies such as CLAAS, Horsch, Siemens, BASF, Heidelberg Materials, Siemens Energy, Knauf, and Linde.
Tokayev emphasized that Kazakhstan is ready to create conditions for further expansion of German business presence in the domestic market.
Separately, the parties discussed prospects for cooperation in energy, industry, digitalization, transport and logistics, as well as in the extraction and processing of rare earth metals.
Katerina Reiche, in turn, called Kazakhstan Germany's largest trade and economic partner in the region and stated the great potential for expanding cooperation.
"Kazakhstan is Germany's largest trade and economic partner in the region and has significant opportunities for developing bilateral interaction," the minister noted.
During the meeting, Kassym-Jomart Tokayev also spoke about the political reforms and transformations being carried out in the country, enshrined in the updated Constitution.
In conclusion, the president conveyed warm wishes to German Federal President Frank-Walter Steinmeier and Federal Chancellor Friedrich Merz.
Earlier, Kursiv reported that Germany would be left without Kazakh oil — now it will be directed to other routes.
The day before, Germany agreed with Kazakhstan on new measures to support ethnic Germans.