Kazakhstan and Hungary have announced plans to construct an intermodal terminal in Budapest, due for completion by 2026.

The terminal will be developed jointly with the Hungarian company L.A.C. Holding and is expected to handle an annual throughput of 230,000 containers

This project was a key topic during a meeting between Kazakhstan’s Prime Minister Olzhas Bektenov and László Kövér, Speaker of the Hungarian National Assembly. The discussions focused on the implementation of agreements reached during President Kassym-Jomart Tokayev’s state visit to Hungary in 2024.

The meeting also addressed the development of the Trans-Caspian International Transport Route, which is currently being integrated into the Trans-European Transport Network and offers new logistics opportunities for Kazakh cargo enroute to Europe.

The Budapest terminal aims to reduce delivery times, lower transportation costs, and minimise transshipment processes. The city’s well-developed transport infrastructure will facilitate convenient multimodal delivery across Europe.

Cargo volumes along this route have grown significantly over the past five years, increasing sixfold from 800,000 tonnes in 2020 to 4.5 million tonnes in 2024, with plans in place to further increase the volume to 10 million tonnes annually.

Beyond logistics, Kazakhstan and Hungary continue to expand cooperation in trade, investment, joint ventures, transport, digital technologies, and cultural exchange.

Hungary remains an important partner for Kazakhstan within the European Union. In 2024, trade volume between the two countries grew by 6.4%, reaching approximately $200 million. In the first seven months of 2025, trade turnover also increased by 27%, exceeding $150 million.

Kazakhstan is prepared to expand exports to Hungary in 95 product categories, highlighting the potential for stronger economic relations and increased trade.

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