Trade and Investment Prospects: Kazakhstan and Hungary Discuss Key Initiatives

Budapest, February 26, 2025 – A meeting between the Kazakh delegation and the leadership of HEPA (Hungarian Export Promotion Agency) was held at the HEPA office to strengthen bilateral trade and economic cooperation.

The meeting was attended by Gábor Jenei, CEO of HEPA, Ákos Madari, Manager for International Relations, and László Páris, Head of the International Relations Department. The Kazakh side was represented by H.E. Abzal Saparbekuly, Ambassador of Kazakhstan to Hungary, and Ulbossyn Sarybayeva, Foreign Representative of Kazakh Invest.

The meeting was a logical follow-up to discussions on joint investment projects initiated during the visit of the Head of State to Budapest in November 2024.

The parties also discussed the outcomes of the visit of Hungarian Minister of Foreign Affairs and Trade, Mr. Péter Szijjártó, to Astana on February 17, 2025, in which priority areas of economic cooperation were reviewed.

Particular attention was given to the upcoming Kazakh Trade Mission to Budapest, scheduled for March 17-20, 2025. As part of the mission, a Business Forum is planned for March 18, 2025, with the support of HEPA and the Hungarian Chamber of Commerce and Industry (MKIK).

The parties also discussed the implementation of the Drought Prevention Program, which HEPA is carrying out in cooperation with the Organization of Turkic States, as well as the potential involvement of Kazakh projects in this initiative.

At the end of the meeting, the parties reaffirmed their commitment to deepening bilateral cooperation and agreed to continue negotiations on further collaboration.