ASTANA, Kazakhstan, November 3. Hungarian Equilibrium Capital intends to create three investment funds in Kazakhstan, said the President of Kazakhstan, Kassym-Jomart Tokayev, Trend reports.
As Tokayev noted, recently, Equilibrium Capital received the status of a foreign fund manager in the Astana international financial center.
"It became the first Hungarian company to achieve such high recognition. The company can finance projects in the fields of green energy and healthcare," he said.
Hungary is one of the key trade and economic partners of Kazakhstan in Central and Eastern Europe.
Bilateral trade turnover between Kazakhstan and Hungary amounted to $172.2 million in 2022.
As Prime Minister of Kazakhstan Alikhan Smailov previously said, Kazakhstan sees significant potential for increasing trade with Hungary and is ready to boost the export of Kazakh products to Hungary across 95 items worth about $700 million.
The Kazakh PM noted that there are also great prospects for investment cooperation. In total, about $330 million of direct Hungarian investments have been invested in Kazakhstan since 2005. About $75 million was invested in 2021-2022 alone, which is almost a quarter of the total.