Kazakhstan and Hungary expand economic cooperation

Budapest, October 22, 2024 - Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Hungary Abzal Saparbekuly met with Deputy State Secretary for External Economic Relations · Ministry of Foreign Affairs and Trade of Hungary Katalin Bihari.

During the meeting, the sides discussed a wide range of issues of deepening mutually beneficial bilateral trade, economic and investment cooperation, including interaction in such priority areas as energy, agrarian sector, transportation logistics and other spheres. The role of the Intergovernmental Kazakhstan-Hungarian Commission on Economic Cooperation in intensifying the partnership between the two countries was emphasized.

The parties paid special attention to the expansion of the bilateral legal framework, in particular, the parties agreed on mutual efforts to intensify the consideration of draft interagency documents and commercial agreements between the interested agencies and business structures of the two countries.

At the meeting the Ambassador of Kazakhstan also informed the high-ranking Hungarian diplomat about the Address of the Head of State Kasym-Jomart Tokayev “Just Kazakhstan: Law and order, economic growth, social optimism”.

As a conclusion of the meeting, the parties stated that Kazakh-Hungarian relations have a stable and consistent dynamics of development across the whole spectrum of bilateral interaction and agreed to continue regular dialog on all issues of mutual interest.

For reference: according to the Committee on State Revenues of the Ministry of Finance of the Republic of Kazakhstan, trade turnover between Kazakhstan and Hungary for January-August 2024 amounted to $ 131 million. For 2023, the trade turnover between the two countries amounted to $ 187.6 million.