NUR-SULTAN – Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto met with Kazakh President Kassym-Jomart Tokayev on May 3 conveying his country’s full support for President Tokayev’s reforms, reports the presidential press service.
During the meeting, Tokayev conveyed greetings to newly elected Hungarian President Katalin Novak and congratulated the Fidesz party led by Hungarian Prime Minister Viktor Orban on the recent win in the parliamentary election. He emphasized significant economic opportunities for Kazakhstan and Hungary.
He also told Szijjarto about large-scale political and economic reforms and preparations for the constitutional referendum, all in an effort to implement the New Kazakhstan agenda. Tokayev said he is ready to pay a return visit to Budapest at the invitation of the Hungarian Prime Minister.
As part of his visit to Kazakhstan, Szijjarto discussed trade and economic cooperation with Deputy Prime Minister and Minister of Foreign Affairs Mukhtar Tileuberdi. They commended the dynamic development of trade, economic and investment cooperation.
Szijjarto said that the opening of representative offices of Hungarian companies at the AIFC (Astana International Financial Center) will contribute to the expansion of their presence in the Central Asian market.
Last year, the volume of bilateral trade increased by 23.2 percent, reaching $138.7 million. Over the past 17 years, Hungary has invested $269 million into the Kazakh economy and $14.6 million in the first half of 2021.
The two countries also cooperate in education with nearly 1,000 Kazakh students studying in Hungary. There is an intergovernmental scholarship program that allows students from Kazakhstan to receive a higher education in Hungary. Every year, Kazakhstan allocates 250 grants for that purpose.