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Wednesday April 24 2024

Kazakh, Hungarian PMs discuss cooperation

24 April 2019 18:18 (UTC+04:00)
Kazakh, Hungarian PMs discuss cooperation

By Abdul Kerimkhanov

Prime Ministers of Kazakhstan Askar Mamin and Hungary Viktor Orban have discussed prospects of increasing investment cooperation, official website of the Kazakh Prime Minister informed.

The issues of further development of trade and economic, investment cooperation, increasing the volume of bilateral trade turnover were discussed at the meeting.

The parties considered the prospects of deepening mutually beneficial cooperation in the fields of traditional and alternative energy, nuclear industry and science, military-industrial complex, aviation, agriculture, especially the export of Kazakhstan's environmentally friendly products.

According to the heads of two countries’ government, the current volume of bilateral trade shows that there is a great potential for cooperation.

Orban said that he considers Kazakhstan a country that achieves great economic results.

He expressed hope that the joint work will allow to increase the volume, expand the structure of cooperation and implement large-scale projects in the future.

Orban noted that Hungary is still very open to Kazakhstan and is looking for opportunities for economic cooperation.

In turn, Mamin said that the trusting relations built between Kazakhstan and Hungary create favorable conditions for economic cooperation development.

Mamin said that Hungary is an important trade and economic partner of Kazakhstan, noting that he welcomes the further expansion of cooperation between two countries.

He invited Hungarian entrepreneurs to take an active part in the implementation of investment projects in Kazakhstan and jointly seek new forms for relations development.

Orban and Mamin confirmed their intention to increase mutual trade and investment cooperation between the two countries. The upcoming meeting of the Kazakh-Hungarian Strategic Council, which will be held on April 29 in Nur-Sultan with the participation of 100 Hungarian businessmen, will determine the new tools to further increase the volume and expand the structure of trade.

In 1992, Hungary became one of the first states to recognize the independence of Kazakhstan, and in 1993, the first diplomatic representation of Kazakhstan in Central and Eastern Europe was opened in Budapest.

Relations between Kazakhstan and Hungary are characterized as strategic. A solid legal base, successful activities of the Strategic Council, intergovernmental commissions on trade, economic and legal cooperation, as well as inter-parliamentary friendship groups contribute to the deepening interaction between the two countries.

Over the quarter century of partnership, trade and economic relations have been actively developed, a number of joint economic projects have been successfully implemented, a joint agricultural direct investment fund has been created, and the Hungarian Trading House opened in Astana. Hungarian oil and gas company MOL is among the major investors in Kazakh economy.

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Abdul Kerimkhanov is AzerNews’ staff journalist, follow him on Twitter: @AbdulKerim94

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