Within the framework of the Kazakh-Hungarian business forum the «Kaznex Invest» JSC, the JSC “International Research and Production Holding “Phytochemistry” and Hungarian company «PannonPharma LTD» signed a memorandum of understanding on organization and expansion of the production of original medicinal drugs based on plant matter in Karaganda.

“Today we produce about 2 million ampules, about 150 million tablets and capsules, solid dosage forms of original drugs, but access to the international, in particular to the European market for cooperation with PannonPharma LTD requires construction of an additional section in Karaganda, that is what we are working on – expansion of production. The investments have been distributed 50 to 50, totally we have 5 million dollars. We will manufacture substance, and the package production will be carried out by «PannonPharma LTD» in Hungary. We started working together in April, and will continue,” S. Adekenov said.

He explained that it is planned to construct an additional section in Karaganda on extraction of raw material of Artemisia annua, its processing with further packaging of the finished product in Hungary.

The countries signed a memorandum on development of international intermodal transport services between the “KTZ Ehrgess” JSC and «Rail Cargo Hungaria Zrt.», an agreement on production and sale of power plants between a group of the “Abylaikhan” company and the “Lakich” engineering company, and a memorandum of understanding between the clinical diagnostic laboratory “Olympus” and the “Electronics 77” LLC.

Astana hosts Kazakh-Hungarian business forum aimed at continuation and strengthening of trade, economic and investment cooperation between Kazakhstan and Hungary.