Toqayev and Orbán Hold Talks Ahead of Informal OTS Summit
Photo: Aqorda
Kazakh President Qasym-Jomart Toqayev held talks with Hungarian Prime Minister Viktor Orbán during his visit to Budapest, Orda.kz reports, citing Aqorda.
Toqayev referred to his official visit to Hungary in November of last year, during which strategic agreements were signed in the fields of trade, economics, and investment.
In 2024, bilateral trade reached approximately $200 million, with a 37% increase recorded in the first quarter of this year. Hungarian investment in Kazakhstan has exceeded $370 million. Currently, 16 joint projects are underway, totaling nearly $700 million, in sectors such as mechanical engineering, agriculture, and logistics.
The Kazakh president also underscored the importance of the upcoming informal summit of the Organization of Turkic States and reiterated Kazakhstan’s commitment to cooperation across all key areas of the organization’s agenda.
Hungarian Prime Minister Viktor Orbán described Kazakhstan as a regional leader:
I can say not only from scientific assessments, but also from personal experience: Central Asia is one of the fastest growing and most competitive regions in the world, and Kazakhstan is the strongest country in this region. We will not be mistaken if we say that in the next 15–20 years this region and Kazakhstan in particular will become key players in the global economy.
Orbán also emphasized Kazakhstan’s strategic importance to Hungary in the energy sector. He noted that Europe would increasingly rely on energy imports in the near future, and Central Asia, Kazakhstan in particular, would play a vital role.
Therefore, Kazakhstan is a strategic partner of Hungary and all of Europe in matters of energy security of the future,
stated the press service of the Hungarian Prime Minister.
President Toqayev is in Budapest to attend the informal summit of the Organization of Turkic States. The event brings together the leaders of Türkiye, Azerbaijan, Uzbekistan, Kazakhstan, and Kyrgyzstan.
Original Author: Raushan Korzhumbekova
Latest news
- Who Will Be Able To Create New Regions In Kazakhstan? Parliament Defines Powers
- Nazarbayev’s Grandson, Freedom Founder And Ordabasy’s Future Owner Among Kazakhstan’s Youngest Richest Businessmen
- Deputy Says Salary Is Not Enough, Asked His Wife To Work
- Kazakhstan Is Buying Fewer Drones, But Paying More For Them
- Kazakhstan And Turkey To Create UAV Production Enterprise — What Else The Presidents Agreed On
- KTZ Top Management Pay Tops One Billion Tenge
- “We Are Being Asked to Approve an Illegal Project”: Environmentalists Demand Halt to Almaty Mountain Development
- Pentagon May Add $400 Million to Kazakh Tungsten Project Linked to Trump’s Sons
- Kazakhstan To Tighten Biometric Authentication Rules
- Kazakhstan To Recruit Public Assistants To Help Prevent Financial Crimes
- AI Could Replace Up To 400,000 Jobs In Kazakhstan, Labor Ministry Says
- Almaty Police Put More Than 3,000 Domestic Violence Offenders On Preventive Register
- Kazakhstan To Introduce Workplace Harassment Liability
- 10 Suspected Of Serious Crimes, Extortion, And Armed Hooliganism Detained In Almaty
- Kazakh Employers To Give Written Notice Of Changes To Working Conditions
- Kazakh Businesses Overpay Nearly 500 Billion Tenge For Employee Insurance, MP Says
- Kazakhstan Does Not Face Road Bitumen Shortage, Energy Ministry Says
- Kazakhstan To Introduce New State Orders And Awards
- How Much Water Will Kazakhstan’s First Nuclear Power Plant Need For Cooling?
- 149th Place And Five Detained Journalists: What Is Happening To Press Freedom In Kazakhstan
