Hungarian business supports constitutional reforms in Kazakhstan
Budapest, May 26, 2022 – In the framework of events dedicated to the 30th anniversary of the establishment of diplomatic relations between Kazakhstan and Hungary, the Ambassador of Kazakhstan Zhanibek Abdrashov met with representatives of the Eastern Europe Business Club.
In his speech, the Ambassador spoke about the main stages in the development of relations between Kazakhstan and Hungary. The emphasis was placed on trade, economic and investment cooperation. At the end of 2021, the volume of mutual trade between the two countries amounted to $138.7 million, exceeding the figures for 2020 by 19%. Export of Kazakh products to Hungary amounted to 15.4 million dollars (an increase of 40%), Hungarian imports to Kazakhstan - 123.3 million dollars (an increase of 16.3%). The volume of direct Hungarian investments in the economy of Kazakhstan since 2005 amounted to 270 million dollars.
The Kazakh diplomat informed the Hungarian audience in detail about the political and socio-economic reforms initiated by President Kassym-Jomart Tokayev to build the "New Kazakhstan" and the upcoming national referendum on amending the Constitution, explaining the essence of this reform.
The planned constitutional changes aroused keen interest and discussion among businessmen. The participants of the event expressed support for the new course of democratic reforms in Kazakhstan, stressed the relevance of the presidential program and wished the people of Kazakhstan success in holding a referendum and implementing the plans.