Hungary, Kazakhstan to Boost Bilateral Ties


The agreements were signed within the framework of a business forum in Nur-Sultan organised by the Kazakh Chamber of Foreign Trade and the Hungarian Chamber of Commerce and Industry (MKIK) which was addressed by Finance Minister Mihály Varga, the ministry said in a statement.


Varga travelled to Kazakhstan with a delegation of close to 50 Hungarian business leaders. At the forum, he noted that Hungary’s exports to Kazakhstan, including pharmaceuticals, chemicals and livestock, rose by almost 60% last year. Bilateral trade between the countries exceeded 330 million dollars in 2020 and thanks to the meetings between Hungarian and Kazakh business leaders organised in recent years, Hungarian companies have been successful on the Kazakh market, he said. Varga said economic cooperation between Kazakhstan and Hungary extends to the commerce, farming, energy, renewable energy, finance, food industry and construction sectors. Kazakh Minister of National Economy Aset Irgaliyev also participated at the forum.

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