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Kazakhstan and Hungary Discuss New Horizons for Economic Cooperation in Budapest

On December 12, 2024, a round table titled "Kazakhstan – Hungary: New Trends in Trade and Investment Cooperation" was held in Budapest.

The event, organized by Kazakhstan’s Embassy in Hungary and Kazakh Invest, with support from the Hungarian Export Promotion Agency (HEPA) and the Hungarian Chamber of Industry and Commerce, brought together over 70 participants, including government officials, business leaders, and experts.

The discussion built on the momentum from President Kassym-Jomart Tokayev’s state visit to Hungary in November 2024, which underscored the growing strategic ties between the two nations.

Kazakhstan’s Ambassador to Hungary, Abzal Saparbekuly, emphasized the strong economic and cultural connections between the countries, highlighting the event as a key step in fostering new investment projects and strengthening bilateral ties.

Key topics included infrastructure development, agriculture, nuclear energy, digital transformation, and education. Leading Hungarian companies such as MOL Group, UBM Group, L.A.C. Holding, and MVM Group showcased successful joint projects and expressed intentions to expand their presence in Kazakhstan.

Hungary’s Deputy Governor of the National Bank, Kandracs Csaba, praised Kazakhstan’s advancements in innovation and sustainability, noting that these efforts create a strong foundation for future partnerships.

Representatives from HEPA and major firms echoed optimism about further collaboration, particularly in logistics, infrastructure, and the agro-industrial sector, positioning Kazakhstan as a vital hub in Central Asia.

 

 

TuraNews

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