Massive Hungarian Business Delegation in Kazakhstan

2019. április 29.

Chamber Press

In an interview to Hungarian daily "Magyar Nemzet" HCCI President, László Parragh spoke about the reasons why over 80 Hungarian companies found it reasonable to participate at a Kazakh-Hungarian business forum held in the Kazakh capital, Nur-Sultan (former Astana) today. Parragh first recalled that the delegation (lead by Finance Minister Mihály Varga) would follow succesful talks between PM Viktor Orbán and his Kazakh partners last week. "Government support is a major driving force for the participants", said Mr. Parragh. "Great business opportunities open primarily in the pharmaceutical, clothing and canning industries, as well as in services sectors such as logistics and water treatment.", he added. "Kazakh enterprises would also benefit from Hungarian engineering solutions, often less expensive than those of their European competitors", Mr. Parragh said.

The business forum was opened in the presence of Hungarian Finance Minister Mihály Varga who noted in his opening address that the economic cooperation between Kazakhstan and Hungary grows stronger year after year.  Kazakhstan is Hungary’s major strategic partner in Central Asia. The volume of trade between the two countries has been rising steadily for three years now, and last year the volume of the trade of goods was up by more than 25 percent, exceeding USD 600 million in total, but the year before growth was as high as almost 200 percent, Mihály Varga said.