Kazakhstan-Hungary economic ties considered

Kazakh Deputy Minister of National Economy Timur Zhaksylykov met with Hungarian Deputy Minister of National Economy Antal Nicoletti, the Kazakh ministry said.

The sides discussed the trade and economic cooperation between Kazakhstan and Hungary, as well as the prospects for collaboration and participation of Hungarian companies in the field of agriculture, transport, aviation and construction of facilities for Astana EXPO-2017 exhibition,.

“Hungary plays an important role in the Eastern European area of Kazakhstan’s foreign policy,” Zhaksylykov said. “The cooperation between the two countries is long-term.”

As of eight months, the trade turnover between Kazakhstan and Hungary amounted to $131.4 million (2.5 percent growth). The trade turnover hit $ 128.2 million in the last period.

The inflow of direct investments from Hungary to Kazakhstan’s economy hit more than $ 60 million from 2005 to 2013.


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