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Investment opportunities and export potential of Kazakhstan presented during the Kazakhstan-Hungary Investment Forum

Investment opportunities and export potential of Kazakhstan presented during the Kazakhstan-Hungary Investment Forum

29 April 2019, Nur-Sultan – Kazakhstan’s investment opportunities and export potential as well as benefits of cooperation and prospects for further expansion of trade and economic relationships were presented during the Kazakhstan-Hungary Investment Forum organised in connection with the visit of Mihály Varga, the Deputy Prime Minister and the Minister of Finance, to Kazakhstan.

Over 150 representatives of business circles (including 100 representatives of Hungarian companies) participated in the event.

During the event, 11 cooperation agreements were signed.

Additionally, a series of bilateral meetings between Kazakh and Hungarian businessmen were conducted to discuss issues of cooperation in the fields, such as agriculture, food, construction, chemistry, manufacturing and mechanical engineering.

Currently, there are over 60 enterprises with participation of Hungarian capital in Kazakhstan.

Hungarian investments to the country has totalled to about USD 200 million since Kazakhstan’s independence.

Between 2018 and the first quarter of 2019, trade turnover between Kazakhstan and Hungary amounted to USD 155.4 million. Exports from Kazakhstan to Hungary reached USD 28.2 million, while imports from Hungary amounted to USD 127.2 million during the same period.

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