Germany generates world’s largest current account surplus for the third consecutive year

Photo by Alexander Sölch (CC BY-SA 3.0)

In 2018, Germany was the economy with the largest current account surplus as it was in the previous two years according to Ifo Institute for Economic Research. With 294 billion US dollars, the surplus represents 7.4 percent of the annual economic output. The German value is higher than the countries on position two and three combined – while Japan has a surplus of 173 billion US dollars, Russia’s value is about 116 billion US dollars. The USA is expected to hold the largest deficit again with about 455 billion US dollars, increasing by a further USD 5 billion compared to 2017.

Introduction of the SAP University Alliance Programme

On February 25th, the German Business Group Cambodia (ADW) and the Global Business Network (GBN) Programme conduct a meeting and networking lunch with Mr. Crispian Tan, Senior Director SAP University Alliance Programme. From 10 am to 1 pm at Comme à la Maison – #13, Street 57, Phnom Penh – participants have the opportunity to learn about the programme introduced by the German company SAP which is the world leader in enterprise applications in terms of software and software-related service revenue. After the event, there is also the possibility for one-on-one talks with Mr. Tan.

Invitation to German training week – development of solar PV projects

From February 18th to 22nd, German Business Group Cambodia (ADW) and GIZ, a German development agency, conduct the German Training Week - Project Development (GTW-PD) in Phnom Penh. In this program, selected participants will have the opportunity to gain in-depth knowledge on technical, commercial and legal aspects how to develop rooftop solar photovoltaic (PV) projects that will attract international investors and meet lenders’ requirements to accelerate the realization of solar PV adoption. The training is part of the framework of the German Energy Solutions Initiative of the German Federal Ministry for Economic Affairs and Energy.

BASF expands market coverage with a new company in Cambodia

BASF, the world’s leading chemical company and operating in more than 80 countries worldwide with subsidiaries and joint ventures, inaugurated its first wholly-owned company in the kingdom – BASF (Cambodia) Co. Ltd. – on January 16th. BASF has been active in the Cambodian market since 2014 through distribution partners. Now, the company’s direct presence in the market will offer potential Cambodian customers and stakeholders innovative solutions in a range of diverse industries.

OAV publishes annual Asia-Pacific Business Handbook

The German Asia-Pacific Business Association (OAV) published the latest volume of its annual business handbook about the entire region. With a print run of 1,000 copies, it consists of current information about Asia in the fields of politics and economics. The Cambodian chapter was written by Dr. Markus Karbaum, General Manager of Dr. Karbaum Consulting & Coaching, who is the author of numerous economic and political analyses about Cambodia since 2003.

ADW board re-elected during annual meeting

Thomas Hundt (l), Marco Kalinna (r), Tassilo Brinzer (in front)

Tassilo Brinzer remains president of ADW – German Business Group Cambodia. The members attended also confirmed Thomas Hundt as vice president (left) and Marco Kalinna (right) as treasurer. All three board members were elected unanimously. Previously, the assembly expressed gratitude of their commitment so far and welcomed their willingness to continue their voluntary work.

ADW deepens links to German development cooperation

In the first “Business Talk” organized by German Business Group Cambodia (ADW) and the Global Business Network (GBN) Programme in Phnom Penh, representatives of the private sector met their counterparts from major bilateral German development cooperation agencies. Following the establishment of GBN’s Business & Cooperation Desk within the German chapter of European Chamber of Commerce, the event on November 30th was the first of this kind in Cambodia, aiming to deepen links between the private sector, official bilateral development cooperation, non-governmental German organisations, and political foundations.

Heinrich Böll Foundation expands its support for gender equity in Cambodia

Nicloaus Mesterharm and Ambassador Ingo Karsten. Photo: Jean-Francois Perigois

On 19th November 2018 Heinrich Böll Foundation (hbf) signed a cooperation agreement with the Faculty of Social Sciences and Humanities at the Royal University of Phnom Penh (RUPP). Both partners will cooperate in academic research on gender and development in Cambodia. The project aims at strengthening the academic level of the participating students and at deepening the knowledge about gender and equity.

Nicolaus Mesterharm honored with Germany’s Cross of Merit

Nicloaus Mesterharm and Ambassador Ingo Karsten. Photo: Jean-Francois Perigois

Great recognition for a great dedication: Nicolaus Mesterharm, founding director of the German Cambodian Cultural Center Meta-House Goethe-Center in Cambodia’s capital Phnom Penh, was awarded the Cross of Merit of the Federal Republic of Germany. The Ambassador Dr. Ingo Karsten presented the order on 1 November 2018 for Mr. Mesterharm’s unwavering commitment to the German-Cambodian understanding.

German Business Group Cambodia

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Bred Bank building 3rd floor
Khan Daun Penh, Phnom Penh, Cambodia

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