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23 November 2007
President Nursultan Nazarbayev Pays State Visit to the Republic of Hungary

Today, an official welcome ceremony was held at the Sandor Presidential Palace in Budapest. President Nursultan Nazarbayev and Hungarian President Laszlo Solyom held narrowed and enlarged negotiations.

The sides discussed a broad range of issues of bilateral trade economic interaction and determined promising areas of cooperation in the nearest future including transport and transit, agriculture, industry, and a number of infrastructural and high-tech projects.

The Heads of State said that the rates of growth in mutual trade do not correspond to the economic potential of the two countries. In 2006, the commodity turnover between Kazakhstan and Hungary exceeded 150 million dollars. Kazakhstan exports natural gas, coal and chemical fertilizers. Hungary supplies Kazakhstan with products of processing industry, alcohol and tobacco production.

“It is necessary to intensify the work of the Intergovernmental Commission on trade economic cooperation in order to achieve good results. We with President Laszlo Solyom have agreed on that,” Nursultan Nazarbayev said at a press conference on the outcomes of the negotiations.

Kazakhstan is interested in attracting Hungarian investments and technologies, in joint implementation of projects in processing industry in the framework of the Strategy for industrial innovative development. In this regard, Kazakhstan is ready to engage the assets of the Kazyna Sustainable Development Fund and state holdings Samruk and Samgau.

About 60 joint Kazakhstani-Hungarian enterprises work in Kazakhstan now in different areas such as agriculture, construction, processing of agriculture products and in service trade.

President Nursultan Nazarbayev noted the high level of development of the Hungarian transport infrastructure and confirmed that offers for using the Hungarian transit-logistic potential correspond to the conception of the transit corridor East-West.

During the negotiations, the sides noted the necessity of developing cooperation in energy sector, and also in the areas of bio- and nanotechnologies, small and medium-size business, tourism, culture, education and science, public health care and sport.

The Heads of State expressed their intention to firmly follow the achieved agreement on developing new forms of bilateral interaction in all areas.

Issues of developing political dialogue between countries and intergovernmental and inter-parliamentary ties were an important topic of the negotiations.

“In this regard, we are thankful to Hungary’s leadership for their support offered to Kazakhstan’s bid for the OSCE chairmanship in 2009,” Nursultan Nazarbayev said.

Kazakhstan with a great interest observes the process of Hungary’s integration to the European Union and NATO. Nursultan Nazarbayev expressed an opinion that despite of some difficulties the Hungarian nation is successfully joining the European community. Hungary has recommended itself as a respectable member and conductor of the EU policy.

Issues of strengthening cultural-humanitarian ties were another topic of the negotiations. Peoples of Kazakhstan and Hungary have common historical roots. Nowadays, about 100 thousands of descendants of kypshak (a Kazakh tribe) origin who migrated from the territory of modern Kazakhstan about 750 years ago reside in Hungary.

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