Toqayev in Budapest: Investments and New Projects with Hungary

Qasym-Jomart Toqayev participated in the Kazakh-Hungarian investment roundtable in Budapest, which celebrated a decade of strategic partnership between the two countries.

The event discussed ways to strengthen economic cooperation and implement joint projects.

This year marks 10 years since the adoption of the declaration on strategic partnership with your country. Throughout this period, our close cooperation has been built on mutual trust and common goals. The volume of Hungarian investments in Kazakhstan has reached 370 million dollars. More than 70 Hungarian companies, including MOL Group and Gedeon Richter, are successfully operating in our country. The implementation of joint investment projects with an investment volume of more than 540 million dollars in mechanical engineering, agriculture and logistics is being worked out,
 Toqayev said.

The President told Hungarian business representatives about Kazakhstan's transformations, which aim to transition to an economy based on knowledge and innovation.

He proposed expanding investment cooperation in the fields of energy, rare earth materials, transport, agriculture, pharmaceuticals, digitalization, and financial markets.

Qasym-Jomart Tokayev invited the heads of Hungarian companies to participate in the Astana International Forum in May 2025.

The round table ended with signing seven commercial documents aimed at cooperation in agriculture, digitalization of transport infrastructure, education, and support for joint investment projects.

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