ASTANA (TCA) — During his recent working visit to Hungary, Saparbek Tuyakbayev, Chairman of the Board of Kazakh Invest national investment support and promotion company, met with the Ministry of Foreign and External Economic Affairs of Hungary, the Hungarian Investment Promotion Agency HIPA, Export-Import Bank and the Hungarian business community, Kazakh Invest reported on its website.
During the meetings, the parties identified food industry, machinery engineering and information technologies as potential areas for cooperation. The parties noted their willingness to cooperate in joint projects and agreed to hold an investment event with the participation of Kazakhstan’s business.
As part of the visit, the head of Kazakh Invest met with the Chairman of the Hungarian Export-Import Bank. In order to develop Kazakhstan-Hungarian economic relations and promote joint investment projects, the Government of Hungary allocated 450 million Euros. The parties agreed to identify a pool of projects to be presented to the Hungarian business community in March 2019.
Following the meeting with ICell, it was agreed to implement two projects: a system for controlling financial transactions and a toll road system. In the future, these projects will make it possible to boost tax revenues by reducing the shadow economy of Kazakhstan and to introduce a system for collecting tolls on national highways. Both projects comply with the principles of the Digital Kazakhstan State Program.
