Kazakhstan seeks Hungarian investments into agriculture
The head of the Government especially pointed out that Kazakhstan's investment climate was attractive due to sustainable macroeconomic development. For instance, its GDP increased for 7.5 per cent in 2011.
"Agriculture has always traditionally been one of the leading sectors of Kazakhstan's economy. Level of agricultural development is the determining factor of the economic and socio-political stability of the country. Kazakhstan is the world's leader in crops and flour production and boasts huge potential in livestock and diary sector," Prime Minister Massimov stressed.
"We are interested in Hungary's experience in implementation of the innovative technologies in this field. I believe that engineering, chemical industry and tourism are promising sectors for mutual cooperation as well," he added.
There are some 50 joint Kazakh-Hungarian ventures in oil processing, agricultural, chemical and pharmaceutical fields in Kazakhstan today. In 2011 sales volume between Kazakhstan and Hungary made USD 270 million.
