“The Association of Kazakhstan Machinery Industry” has studied the advanced experience in the development of mechanical engineering in Hungary

Budapest, 25 September 2023 - The Chairman of the Association of Kazakhstan Machinery Industry, Meiram Pshembayev, paid a working visit to Hungary to study best practices in the development of mechanical engineering.

As part of the visit, a meeting with the Hungarian National Association of Machine and Power Engineering was held at the Embassy of Kazakhstan in Budapest.

For reference: One of the largest non-governmental organisations, established on 12 December 2007 as a result of a prelude to the President of the Republic of Kazakhstan. It was founded on 12 December 2007 as a result of the succession of the Hungarian Association of Mechanical Engineers (MAGOSZ, founded in 1991) and the Association of Power Equipment Manufacturers (EBSZ, founded in 1993).

In his welcoming speech, Mr. Meiram Pshembayev spoke about the activities of the association and the strategy of development not only of the engineering industry but also of the manufacturing industry of the country, as well as the advantages of industrial cooperation with Kazakhstan.

On the same day, Mr. Pshembayev visited the Hungarian company's plant in Sigetszentmiklos and familiarised himself with the production process of electrical substations and their components.

Within the framework of the visit, a meeting was also held with the Minister of Finance of Hungary, co-chairman of the Kazakh-Hungarian Intergovernmental Commission on Economic Cooperation Mr. Mihály Varga. 

According to Mr. Mihály Varga, Kazakhstan is a special trade, economic and energy partner of Hungary, occupying a strategically important role in the foreign economic concept “Opening to the East”, and noted the need to maintain and strengthen bilateral relations in all areas of cooperation.

The Ambassador of Kazakhstan Zhanibek Abdrashov, for his part, informed the interlocutors about the ongoing political and socio-economic reforms in the country, as well as the plans and prospects for the development of the Kazakh economy.

Following the meeting, the parties reaffirmed their commitment to further strengthening the strategic partnership between the countries and expressed confidence in the further development of Kazakh-Hungarian relations in all areas.