Kazakhstan: One of the world’s fastest growing economies where Hungarian businesses have good prospects in a growing number of sectors. On 23 May 2017 the Hungarian National Trading House and Zsigmond Király Egyetem University) organised a conference and an industry event in Budapest, with the aim of highlighting export opportunities and the country’s economic environment.
More than 80 Hungarian companies and professionals interested in the Kazakh market attended the event and received detailed information about business opportunities in Kazakhstan, the economic environment, financing facilities available for exporters as well as export development and promotion services offered by the Hungarian National Trading House.
In his welcome remarks, Gábor Kun, Deputy Chief Executive of the Hungarian National Trading House stressed the existence of favourable conditions for Hungarian companies entering the Kazakh market. “Kazakhstan is a leading economic power of the Central Asian region. The country is modernising fast, and in this process it could use services, technologies and expertise offered by Hungarian businesses in various sectors, such as agriculture, the food industry, pharmaceuticals, Smart City solutions, water management and engineering services. The Hungarian National Trading House is providing professional support for this”, the deputy CEO said. He added that the Trading House has been operating a local trade house in Kazakhstan since April 2016, primarily providing market information, specific business opportunities and potential exporting partners.
The welcome speeches were followed by specialist presentations. Antal Nikoletti, Deputy State Secretary for international economic relations and sustainable economic development at the Ministry of National Economy gave an overview of Hungarian economic performance in recent years and provided a detailed description of the institutional framework of Hungarian-Kazakh economic relations, as well as of Expo 2017 Astana where Hungary will be present with a more than 400 sq m large national stand.
The next speaker, HE Nurbah Rusztemov, Ambassador of Kazakhstan to Hungary, presented his country’s business environment and Kazakhstan’s objective of turning into one of the world’s 30 biggest economies by 2050. The capital, Astana, is the first among the countries of Central Asia and the CIS to host the world expo, and the ambassador expects that this year’s event will give a boost to bilateral economic relations too. He confirmed that 115 countries and 21 international organisations will be represented at this year’s Expo that will host 5 million visitors.
Ágnes Bernek, head of the university’s Research Centre for Geopolitics, spoke about the significance of Kazakhstan in terms of business and geopolitics, while Ruszlána Dunás-Varga, project manager with MNKH, described export opportunities in Kazakhstan available for Hungarian businesses. Finally, EXIM presented in detail the different sources of financing for companies, and the activities of the Kazakh-Hungarian Agricultural Investment Fund.
During an Astana Expo-themed forum in the afternoon, the participating Hungarian entrepreneurs attended a presentation on the state-of-the-art world trade exhibition focusing on renewable energies, and took part in a Q&A session with Hungarian and Kazakh experts involved with the organisation.