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Turkmenistan, Germany eye joint business projects

05 December 2016 [12:06] - TODAY.AZ

By Azernews


By Gunay Hasanova

Ashgabat has recently hosted a Turkmen-German business forum to define the priority areas for cooperation, the Turkmen Foreign Ministry reported.

The event was organized by the Chamber of Commerce and Industry of Turkmenistan and the representative office of the German economy for Central Asia.

Some 70 big German companies took part in the meeting. Among those companies are Robert Bosch GmbH, Wilhelm Layher GmbH & CO.KG, MC Bauchemie Müller GmbH & Co.KG, Trubatec GmbH, Germany Trade and Invest, Sparkassenstiftung.

"The long-term bilateral cooperation has recently renewed," Andreas Peschke, spokesman for the German Foreign Ministry, said.

Today, 167 investment projects and contracts with the participation of the German capital in the total amount of $540 million and about 555 million Euros have been registered in Turkmenistan.

The volume of trade turnover between Turkmenistan and Germany was $ 306 million in 2015.

The German companies contribute significantly to the long-term projects in Turkmenistan. They include companies such as Siemens, Daimler, Claas, Rohde & Schwarz, and Dresser-Rand.

In turn, Turkmenistan is also interested in attracting Germany’s huge capital and advanced technology.

The sides regularly hold joint business forums, which bring together representatives of the companies specializing in trade, energy, chemical industry, banking, transport, communication, construction, industry, and agriculture.

The diplomatic relations between Turkmenistan and Germany were established in 1992. Turkmenistan and Germany successfully cooperate both bilaterally and as part of the authoritative international organizations, primarily the UN and the OSCE.

URL: http://www.today.az/news/regions/156636.html

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