Kazakhstan and Hungary expand economic cooperation opportunities

Budapest, August 26, 2024 – at the invitation of the Hungarian company «UBM Group», the Ambassador of Kazakhstan, Abzal Saparbekuly, visited the company's office and participated in a business meeting between the Hungarian side and their Kazakh partners («KazFoodProducts», «Qarasu-Аstyk», «SNK Group») to discuss the development of investment projects in Kazakhstan.

During the meeting, A. Saparbekuly informed the Hungarian representatives about the investment climate in Kazakhstan and the state support measures available for implementing projects in the country. Given the potential of the Hungarian company, the Ambassador of Kazakhstan invited them to participate in the implementation of promising projects in Kazakhstan's agro-industrial sector.

In response, representatives of «UBM Group» provided detailed information to the Ambassador and their Kazakh partners regarding the current state of the company and the prospects for implementing investment projects in Kazakhstan. They also expressed hope for continued close cooperation on this matter.

As a result of the meeting, the parties agreed to maintain working contacts to accelerate the implementation of the company's investment projects in the field of feed production in Kazakhstan.

For reference: «UBM Group» is one of Hungary's leading feed producers, engaged in livestock farming and trading in grain crops. The company's operations encompass 18 subsidiaries, with products exported to 15 countries worldwide.

Currently, 29 legal entities, branches, and representative offices with Hungarian participation and 41 joint ventures are operating in Kazakhstan.