Hungary, Kazakhstan to establish joint financial fund

Conferences

National Economy Minister Mihály Varga and his Kazakh counterpart Yerbolat Dosayev signed a declaration of intent to establish a joint financial fund on Wednesday, Varga told MTI in a telephone interview. Varga said he agreed with Dosayev that the two countries could contribute $10 million - $15 million to the establishment of the fund, which would primarily support Hungarian and Kazakh SMEs unable to enter the other country's market due to lack of funds. Varga also initiated the launch of a direct flight connecting Budapest with a city in Kazakhstan--Almaty, Astana or Atyrau.

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