Focus on cooperation

Dec 04. Kazpravda


Focus on cooperationIn Astana, in the frames of the third session of the Kazakh-Hungarian Business Council, the outlook for cooperation between the two countries was discussed.

– Kazakhstan and Hungary are planning to triple the trade turnover, bringing it up to about 500 mln dollars, — said the president of the Kazakh-Hungarian Business Council, director general of the largest oil and gas company MOL Fashimon Sandor, yesterday in Astana at the third joint meeting of representatives of business structures of the two countries.

In May 2013, the grand opening of the Hungarian trading center in Kazakhstan was held to attract Hungarian technology and investment. Besides, an Advisory Board was established to help Hungarian investors, informing them about the needs and opportunities of the Kazakhstan market.

F. Sandor noted that due to the establishment of the Business Council, the meetings of business circles of Kazakhstan and Hungary have become more frequent, providing an excellent opportunity to spot interest areas and common directions for interaction.

– However, the main ground for cooperation is the decision of the Presidents of Kazakhstan and Hungary to intensify relations, — said the Hungarian Ambassador to Kazakhstan Imre Laslotski.

Over the first 9 months of 2013, the trade turnover between the two countries is $ 150 million. The Hungarian import increased by 30 % and the Kazakh export – by 5%. According to the diplomat, the current figure could be higher, since it does not meet the existing potential.

Co-chairman of the Kazakh-Hungarian Business Council, Deputy Chairman of KazEnergy Association Dzhambulat Sarsenov said five key cooperation directions have been defined — energy, agriculture, tourism, health and construction.

The Hungarian company MOL has a long record in the oil and gas sector of our country, involved in exploration of small oil deposits. Two years ago, the MOL bought Kazakh oil for its refinery, located in neighboring Slovakia and at present it buys liquefied gas from Tengiz for domestic consumption in Hungary.

– This time, representatives of Hungarian engineering enterprises arrived in Astana to study the possibility of entering the Kazakh market through a joint venture or equipment supply, — said Fashimon Sandor.

As for construction, Tamas Nemchok — representative of the Hungarian CEH, said that his company is ready to share its experience and technology in construction of bridges that is now important to Kazakhstan, constructing an international highway Western Europe — Western China. The CEH has built the longest bridge over the Danube in Budapest (the length is 1.8 km).

The delegation also included representatives of Hungarian agricultural companies.

Today and tomorrow the Hungarian businessmen will meet with representatives of the relevant ministries and departments to discuss the future cooperation.