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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Welcome to our live coverage as the conflict involving Iran enters its 11th day. Tensions in the region remain high as the United States and Iran exchange increasingly sharp warnings over the strategic Strait of Hormuz, a critical artery for global oil supplies.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
The Cabinet of Ministers of Kyrgyzstan has approved a new programme aimed at developing educational courses and training sessions for young parents.
The United States has designated Afghanistan a “State Sponsor of Wrongful Detention”, accusing the Taliban of holding American citizens to gain political concessions and demanding the immediate release of detained Americans.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Welcome to our live coverage as the conflict involving Iran enters its 11th day. Tensions in the region remain high as the United States and Iran exchange increasingly sharp warnings over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
The Cabinet of Ministers of Kyrgyzstan has approved a new programme aimed at developing educational courses and training sessions for young parents.
Kazakhstan has evacuated 8,585 citizens from Middle Eastern countries as regional tensions escalate. Authorities are coordinating air and land evacuations while analysts warn the crisis could reshape security and energy risks across the Caspian region.
The United States has designated Afghanistan a “State Sponsor of Wrongful Detention”, accusing the Taliban of holding American citizens to gain political concessions and demanding the immediate release of detained Americans.
Azerbaijan is evacuating nearly 200 people from the Middle East on a special charter flight departing from Oman.
Up to 30 tonnes of food will be delivered to Iran amidst ongoing hostilities with U.S. and Israel, following a phone converstation between the President of Azerbaijan Ilham Aliyev and Iranian counterpart Massoud Pezeshkian.
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