Samruk-Kazyna strengthens partnership with Hungarian companies

During the visit of the President of Kazakhstan to Hungary, Nurlan Zhakupov, the Chairman of the Management Board of Samruk-Kazyna, held a number of meetings with the representatives of the leading Hungarian companies and state organizations to discuss opportunities for enhancing cooperation, Kazinform News Agenct learned from Samruk-Kazyna's press service.

In Budapest, Zhakupov met with Bence Katona, the Head of National Capital Holding (NTH). The parties identified areas for investment and partnership development.

NTH is a Hungarian state organization that coordinates the management of public investment funds. The prospects for cooperation with MVM Group, leading energy supplier of Hungary, were discussed at another meeting. Nurlan Zhakupov discussed promising projects in the gas industry and nuclear energy with Karoly Matrai, the company CEO. MVM Group manages Paks NPP and is responsible for the key energy supply infrastructure in Hungary.

The oil and gas industry was also an important topic for discussion. Nurlan Zhakupov met with Zsombor Marton, Executive Vice President of MOL Group, to discuss further cooperation in the oil and gas sector.

The Head of the Fund also held negotiations with Laszlo Horvath, the President and CEO of LAC Holding.

As a result of the visit, a number of key documents were signed: Cooperation Agreement between Samruk-Kazyna and National Capital Holding aimed at developing investments and partnerships; Agreement between JSC NC KazMunayGas and MOL Group on enhancing cooperation in the petrochemical field and joint exploration and production of hydrocarbons; Memorandum between JSC NC Kazakhstan Temir Zholy, LAC Holding and Xi’an Free Trade Port on the creation of an intermodal freight terminal in Hungary.

These steps are a significant part of the strategy on strengthening economic ties between Kazakhstan and Hungary.