News

The German sportswear group Adidas and its suppliers together with The Hinrich Foundation have formed a partnership with the objective to help develop the next generation of manufacturing leaders in Cambodia and Myanmar through academic scholarships and practical skills training.The partners believe that education is key to human and economic development, and local leaders are critical to sustainable manufacturing growth in each market. Adidas suppliers provide internships and career training to help the scholars to acquire advanced manufacturing excellence in the sporting goods industry.

After three years in Phnom Penh, German Ambassador Joachim Freiherr von Marschall is leaving Cambodia in July. He offers a positive summary of his mandate as well as a review on his tenure in Cambodia. (Photo: Sam Jam)

Precision Cars (Cambodia) Ltd. (PCCL), the official Porsche importer and distributor in Cambodia, marked its 1st anniversary celebration at the Porsche Centre in Phnom Penh. As part of the celebration, the brand’s latest 911 model was presented, and the Porsche 919 Hybrid was flown into Cambodia – the winner of the 24hrs race of Le Mans.

H.E. Joachim Baron von Marschall, Ambassador of the Federal Republic of Germany to the Kingdom of Cambodia, and H. E. Keat Chhon, Deputy Prime Minister and first Vice-Chairman of the CDC signed agreements on Technical and Financial Cooperation with a total value of €41.45 million (US$45.70 million). The signing ceremony was held on Wednesday, 9 March 2016 between the Federal Republic of Germany and the Council for the Development of Cambodia (CDC), Phnom Penh.

More than twenty export-oriented, renowned Austrian companies explored “new” business potentials in the dynamic Cambodian growth market from 17th – 18th March. The business mission was organized and headed by “Advantage Austria”, the official trade promotion organization of the Austrian Federal Economic Chamber.

“The Courageous Turtle” is an educational play funded by the German government which has been performed 64 times since November, and which has proven so successful that the initiative is set to expand to classrooms and community centres nationwide this year. Nicolaus Mesterharm, founder of the Meta House German Cambodian Cultural Center, says about the project: “Young Cambodians don’t know much about the Khmer Rouge, surveys underline that too few students are genuinely interested in the topic.

The ADW as a founding member of Eurocham is proud to present the 2016 Eurocham White Book, a 120-page resource for potential international investors to Cambodia - and in its depth not only a highly useful tool for European investors alone. A compilation of various Eurocham industry committee's work and findings, the white book recommends policy improvements to the Royal Cambodian Government. Well structured and highly informative, reading the important resource will give international companies keen on joining this exciting market a comprehensive overview on some of the most pressing matters - and the Royal Cambodian government a useful tool on its way to improving the Kingdom's ranking in various country indexes and rankings.

A delegation from the GTCC (German Thai Chamber of Commerce) has last Friday concluded a three day visit to Cambodia. On the agenda were an extensive briefing by Eurocham Cambodia on the investment climate in the Kingdom, on Eurocham committees and their activities, a networking event hosted by the ADW, a briefing at the CDC (Council for the Development of Cambodia) and a a site visit at Phnom Penh Special Economic Zone.

The governments of Germany and Cambodia will hold a ceremony on 9^th March 2016 to sign new agreements on development cooperation worth 41.54 million EUR. The signing will take place at the Council for the Development of Cambodia.