Hungary's President Praises Kazakhstan's Investment Environment, Eyes Deeper Cooperation
The President of Hungary has commended Kazakhstan's investment environment, signalling a desire for deeper cooperation between the two nations. The Kazakh-Hungarian Investment Fund is poised to drive new projects, with a focus on several key sectors.
The leaders discussed enhancing trade-economic and investment cooperation, transit-transport, agricultural sectors, AI, and digitalization. Transport and logistics emerged as crucial areas of partnership. Kazakhstan has expressed its readiness to boost exports to Hungary, with 95 commodity items on the table.
Artificial intelligence was highlighted as a strategic priority for cooperation. The potential for mutual trade growth is significant. A joint project to build an intermodal cargo terminal in Budapest is being explored to bolster Kazakhstan's exports to the EU.
The Government of Kazakhstan will oversee the implementation of the agreements reached during the talks. With praise from the Hungarian President and a focus on strategic sectors, the stage is set for enhanced cooperation between the two nations.
