PM Viktor Orbán: We have to find new areas of cooperation

Wednesday, June 4, 2014

Western integration and eastern partnership together are the key to Hungary's economic success said PM Viktor Orbán in Budapest on Tuesday after meeting Kazakh Prime Minister Karim Masimov.

Prior to the meeting, János Berényi, the head of the National Foreign Trade Agency (HITA) and Chief Executive Officers of a number of Hungarian companies met the Kazakh prime minister at HITA organized Hungarian-Kazakh economic roundtable discussions.

The goal of the National Foreign Trade Agency organized meeting was to strengthen economic and commercial links between the two friendly nations said HITA president to MTI.

The two prime ministers have signed a strategic partnership agreement between the two countries in the Parliament. PM Viktor Orbán remarked that new areas of cooperation have to be explored. He cited as an an example agriculture, energy, science and technology, and the pharmaceutical industry as potential fields of future cooperation. PM Masimov said that Kazakhstan was ready to be a bridge between Hungary and other Central Asian states.

In 2013, the Hungarian government's eastern partnership policy focused on Kazakhstan, which GDP growth reached 6 percent. The Kazakh government provides excellent conditions for foreign investors and pays special attention to innovative investments, in order to promote the development of the country aiming to become one of the world's top 30 most developed states in 2050.

Trade between Hungary and Kazakhstan showed steady growth in 2013 compared to the previous year. Hungarian exports - mainly pharmaceuticals - to Kazakhstan increased by 34 percent in this time period. The largest Hungarian investor in Kazakhstan is the Hungarian oil company, MOL; potential areas of future cooperation include agriculture, food, energy, construction and environmental protection.

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