Budapest, 2 November 2026 – Ambassador of the Republic of Kazakhstan to Hungary Anel Bakytbekkyzy held a meeting with Miklós Bódai, Deputy State Secretary for Foreign Economic Relations Coordination at the Ministry of Economy and Energy of Hungary.
During the meeting, the parties discussed prospects for further strengthening Kazakhstan-Hungary trade, economic and investment cooperation, expanding engagement in the energy, transport and logistics, financial and industrial sectors, as well as implementing joint projects.
The Head of the Diplomatic Mission briefed the Hungarian side on the key provisions of the State Address of the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, entitled “Kazakhstan’s Current Priorities in a New Historical Cycle”, delivered recently. Particular attention was paid to the announced large-scale infrastructure development program aimed at modernizing transport and energy infrastructure, increasing the country’s transit capacity and strengthening its role as a key logistics hub in Eurasia.
In addition, the Ambassador outlined Kazakhstan’s plans to increase power generation capacity, develop nuclear energy, introduce artificial intelligence technologies and further digitalize the economy, highlighting new opportunities for deepening bilateral cooperation in these areas.
Emphasizing the strategic nature of the Kazakhstan-Hungary partnership, A.Bakytbekkyzy expressed interest in further expanding the presence of Hungarian businesses in Kazakhstan, as well as promoting Kazakh products in the Hungarian and European markets. In this regard, the importance of diversifying bilateral trade and establishing additional mechanisms to facilitate mutual market access for goods and services from both countries was emphasized.
Transport and logistics featured prominently in the discussions, particularly the development of the Trans-Caspian International Transport Route. The Head of the Diplomatic Mission outlined promising areas of cooperation with Hungarian partners, including the development of rail freight transportation, the establishment of intermodal terminals, the modernization of logistics infrastructure and the use of Budapest as a regional distribution hub for accessing Central and Western European markets.
In the energy sector, the parties considered opportunities to expand cooperation in energy supplies and the peaceful use of nuclear energy. In particular, the potential for engaging Hungarian expertise and technological capabilities was highlighted, including in the training of specialized professionals and strengthening Kazakhstan’s human resource capacity.
As part of the investment agenda, the parties discussed ways to intensify cooperation with Hungarian financial institutions, including attracting long-term financing and supporting promising joint projects.
The activities of the Kazakhstan-Hungary Intergovernmental Commission on Economic Cooperation were also discussed. The Kazakh side underscored the importance of appointing a Hungarian Co-Chair of the Commission and intensifying preparations for its ninth meeting, scheduled to be held in Astana.
Following the meeting, both sides reaffirmed their mutual interest in further strengthening the Kazakhstan-Hungary partnership, expanding business contacts and advancing the practical implementation of mutually beneficial trade and investment initiatives.
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