Hungary supports Kazakhstan’s reforms, says Hungarian Foreign Minister
NUR-SULTAN – Hungarian Foreign and Trade Minister Peter Szijjarto met with Kazakh President Kassym-Jomart Tokayev on May 3 to express his country’s full support for President Tokayev’s reforms, the Presidential Press Service reports. .
During the meeting, Tokayev conveyed his greetings to newly elected Hungarian President Katalin Novak and congratulated the Fidesz party led by Hungarian Prime Minister Viktor Orban on its recent victory in the parliamentary elections. He highlighted the significant economic opportunities for Kazakhstan and Hungary.
He also spoke to Szijjarto about large-scale political and economic reforms and preparations for the constitutional referendum, all with the aim of implementing the New Kazakhstan agenda. Tokayev said he was ready to pay a new 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 Foreign Minister Mukhtar Tileuberdi. They hailed the dynamic development of trade, economic and investment cooperation.
Szijjarto said that the opening of representative offices of Hungarian companies at AIFC (Astana International Financial Center) will help expand their presence in the Central Asian market.
Last year, the bilateral trade volume increased by 23.2%, reaching 138.7 million dollars. Over the past 17 years, Hungary has invested $269 million in the Kazakh economy and $14.6 million in the first half of 2021.
The two countries also cooperate in the field of education with nearly 1,000 Kazakh students studying in Hungary. There is an intergovernmental scholarship program that allows students from Kazakhstan to pursue higher education in Hungary. Every year, Kazakhstan allocates 250 grants for this purpose.