Kazakhstan, Hungary sign new commercial agreements

Kazakh President Kassym-Jomart Tokayev met with Hungarian business leaders. The investment roundtable, held as part of the state visit to Budapest, resulted in the signing of seven commercial documents aimed at fostering cooperation in areas such as agriculture, transport infrastructure digitalization, and education. President Tokayev also invited company executives to attend the Astana International Forum, where Hungarian businesses will have the opportunity to expand their business contacts with Kazakh entrepreneurs. Notably, the event is scheduled for May 2025.

«This year marks the 10th anniversary of our strategic partnership declaration with Hungary, reflecting a decade of strong cooperation built on mutual trust and shared objectives. Hungary’s investments in Kazakhstan have accumulated to $370 million, signifying vast prospects for future growth. We are proud to be home to more than 70 Hungarian companies, including major players like MOL Group and Gedeon Richter. We are now evaluating joint investment projects worth $540 million in the machine-building, agriculture, and logistics sectors,» Tokayev said.