Kazakhstan and Hungary
have developed strong trade relations over more than 30 years of partnership.
Today, the two countries are implementing joint economic projects. Trade
turnover between Kazakhstan and Hungary exceeded $131 million in the first
eight months of this year, marking a six percent increase compared to 2023.
Last year, the two countries recorded a trade volume of $187.5 million.
Meanwhile, Hungarian investments in Kazakhstan's economy have exceeded $300
million over the past 20 years. Experts note that Hungary is interested in the
Central Asian market, making the expansion of cooperation with Kazakhstan a
logical step, not only in trade but across various sectors.
According to László
Vasa, the chief advisor and senior research fellow of the Hungarian Institute
of International Affairs, the relationship between Kazakhstan and Hungary is
strategic, not just on paper, but in practice. It spans beyond politics to
include areas such as culture, science, higher education, and business. Many
small and medium-sized entrepreneurs are eager to start businesses in
Kazakhstan and invest in the country. Kazakh investors are also interested in
the Hungarian market, particularly in infrastructure, logistics, and
manufacturing.
Cultural and
humanitarian cooperation between Kazakhstan and Hungary is also strengthening
year by year. In Astana, two streets are named after this country - one was
given the name of the capital, Budapest, and the other was named after the poet
Sándor Petőfi. In turn, a sculpture of the Kazakh national instrument, the dombyra,
was installed in the Hungarian city of Karcag. The joint «Bars» foundation promotes
the work of Kazakh writers, with a number of publications of domestic authors
already released. In addition, the two countries closely cooperate in the field
of education. Each year, 250 Kazakh students receive grants to study at
Hungary’s top universities under the scholarship program of the country’s
government. Currently, more than a thousand of Kazakh students are studying there.
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