German Business Day in Kyrgyzstan

Bishkek. The German Business Day was held in Kyrgyzstan for the first time on 20 May 2015. The objective of the event was to develop and deepen bilateral German-Kyrgyz relations through an intensive dialogue among business representatives of both countries. The Delegation of German Business in Central Asia, the Investment Promotion Agency under the Ministry of Economy of the Kyrgyz Republic and the Kyrgyz Chamber of Commerce and Industry jointly organised the event.

In the run up to the event, the President of the Republic of Kyrgyzstan, Almasbek Atambajew, received the German delegation led by Rainer Lindner, Executive Director of the Committee on Eastern European Economic Relations, to which Dr Angela Leeke, Project Manager for the MP in Central Asia, also belonged. During the meeting, the development possibilities for German-Kyrgyz trade and economic relations were discussed in detail. The Kyrgyz head of state described the efforts being made to create attractive conditions for foreign investments, for instance through the liberalisation of investment and tax policy. Lindner pointed out that German entrepreneurs are interested in investment projects in the areas of industry, infrastructure, mining and banking, among others.

The emphasis of the German Business Day was on the energy sector, which is of fundamental strategic importance to the Kyrgyz economy. The large need for modernisation in this area cannot be managed without foreign investments. Besides the international organisations, German entrepreneurs are also prepared to contribute to the economic development of the country. Representatives of German companies, also including firms that are already active in Kyrgyzstan, Kazakhstan and Russia, also reported on the distinctive characteristics of a commitment in this region. It is particularly pleasing that companies that have so far not been active in Kyrgyzstan were also represented in Bishkek. Among them were a specialised construction company and several mechanical engineering companies.

The Manager Training Programme was also represented at the business forum. In their contributions, Dr Angela Leeke and Ibarat Kurbanowa from the alumni association stressed the important role of the MP in the development of German-Kyrgyz economic relations. The MP alumni – entrepreneurs and top managers from the most diverse sectors of the economy – know exactly what needs to be considered when dealing with German business partners. They are therefore virtually predestined to become reliable partners for German companies seeking access to the Kyrgyz market. More than 20 alumni took the opportunity to speak with representatives of German companies after the event.