Prospects of cooperation between Kazakhstan and Hungary were discussed in the Ministry of Finance of Hungary

Budapest, November 8, 2024 - Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Hungary Abzal Saparbekuly met with the Minister of Finance of Hungary Mihály Varga, during which the parties noted with satisfaction the high level of political dialogue, which plays an important role in further expansion of strategic cooperation between Kazakhstan and Hungary.

During the conversation, the sides exchanged views on the prospects for further development of bilateral mutually beneficial trade, economic and investment cooperation between the two countries, as well as reviewed the schedule of bilateral events planned both in the current year and in 2025.

In this regard, it was highlighted the role of the Kazakh-Hungarian Strategic Council and the Intergovernmental Commission on Economic Cooperation in intensifying the partnership between the two countries, the next meetings of which are scheduled for 2025 in Astana. It is necessary to note that Mihály Varga is co-chairman from the Hungarian side of Kazakhstan-Hungarian Strategic Council and Intergovernmental Commission on Economic Cooperation.

Following the results 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-September 2024 amounted to $ 144.8 million. dollars.
According to Kazakh statistics in 2023, trade turnover between the two countries amounted to $187.6 million (an increase of 8.9%).