The event that welcomed all the female participants of the conference, was followed by a bilateral meeting between Russia's Foreign Minister Sergei Lavrov and Germany's Vice Chancellor Sigmar Gabriel behind the closed doors at Hotel Bayerischer Hof.
Meanwhile, German Foreign Minister Frank-Walter Steinmeier and China's State Councilor Yang Jiechi met for a working breakfast in the Bavarian capital.
Saturday is the busiest day of the conference and is expected to see a number of important statements with a focus on Ukraine, as it is now seen as the main threat to global, and particularly European security.
German Chancellor Angela Merkel will make a statement at 10:30 a.m. local time (9:30 GMT), as she arrived to Munich from Moscow, to be followed by the address of Sergei Lavrov.
The most crucial discussion is also scheduled for Saturday morning and will center on the issues raised by Munich Security Report — "The World in 2015: Collapsing Order, Reluctant Guardians?"
In the afternoon, the participants of the conference will join the parliamentary debate on the conflict in Ukraine and its implications for European security. Chairman of the Foreign Affairs Committee at Russia's Federal Assembly, Konstantin Kosachev will participate in the discussion.
US Vice President Joseph Biden is expected to present a report on the settlement of the Ukrainian crisis after lunch, to be followed by the statements of Ukrainian President Petro Poroshenko.
Apart from the Ukrainian situation, the conference will address the issues of terrorism, turbulence in the Middle East, information warfare and a range of bilateral meetings held on the sidelines of the conference.