Kassym-Jomart Tokayev took part in the Kazakh-Hungarian investment round table
November 20, 2024 Budapest, Hungary
Opening the event, the President noted the dynamic development of economic relations between the two countries. He said that his first state visit to Budapest opens a new chapter in the Kazakh-Hungarian strategic partnership.
– This year marks 10 years since the adoption of the Declaration on Strategic Partnership with your country. Throughout this period, our close cooperation has been built on mutual trust and common goals. The volume of Hungarian investments in Kazakhstan has reached $370 million. More than 70 Hungarian companies, including MOL Group and Gedeon Richter, are successfully operating in our country. The implementation of joint investment projects with an investment volume of more than $540 million in mechanical engineering, agriculture and logistics is being worked out, – said Kassym-Jomart Tokayev.
According to him, Kazakhstan is implementing a new political and economic paradigm, the defining principles of which will be transformations based on knowledge and innovation. The President informed Hungarian businessmen that there are great prospects for deepening investment cooperation in such priority areas as energy, production of rare earth materials, transport and logistics, agriculture, pharmaceuticals, digitalization and the financial market.
In conclusion, Kassym-Jomart Tokayev invited the heads of Hungarian companies to take part in the Astana International Forum, which will be held in May 2025. The meeting was also attended by the Minister of Finance of Hungary, co-chairman of the Kazakh-Hungarian intergovernmental commission on economic cooperation Mihaly Varga and the heads of the largest Hungarian companies. Following the event, 7 commercial documents were signed in the areas of agriculture, digitalization of transport infrastructure, education and support for joint investment projects.