Budapest, 12 September 2012, Wednesday – Today Minister Mihály Varga, Hungarian Co-Chairman of the Hungary-Kazakhstan Inter-governmental Economic Cooperation Joint Committee held negotiations in Almaty with Kazakh Co-Chairman and Minister of Economic Development and Trade Bakytzhan Abdirovich Sagintayev.

During the discussion they reviewed issues related economic development between the two countries, paying particular attention to the mutual support of Hungarian-Kazakh common enterprises. They confirmed their intentions as articulated during the Prime Minister’s visit in May that they would support enterprises in both countries through a common investment and financial fund. The subsidies are connected primarily to the agriculture, energy and construction sectors.

During his visit to Kazakhstan Minister Mihály Varga is also participating in the 4th Almaty Conference of regional economic leaders.

Publisher: Mihály Varga, Minister without portfolio responsible for liaising with certain international financial organisations

(Prime Minister’s Office)