Kazakhstan and Hungary are set to
enhance trade and investment cooperation. Kazakhstan is ready to increase
exports of domestic products by $700 million and diversify the range of supplied
goods, as was stated by Kazakh Prime Minister Alikhan Smailov at a meeting with
Hungarian Prime Minister Viktor Orban. Smailov stressed that Hungary is an
important trade and economic partner of Kazakhstan in the European Union. Investment
cooperation between the two countries also has great potential, as evidenced by
the figures. Thus, since 2005, Hungary has invested about $330 million in
Kazakhstan. Over the past two years, $75 million have been attracted, which is nearly
a quarter of the total investment. The parties also considered topical areas of
cooperation in the energy sector, particularly, the development of renewable
sources and issues of restoring direct air service between the countries. Besides,
they emphasized that the transit and transport sector, including the interface
of the Trans-Caspian International Transport Route with the Trans-European
Transport Network. The Hungarian Prime Minister noted that the main task is to
identify flagship projects, which will strengthen the partnership and attract
more companies to cooperation.
