Kazakhstan and Hungary will invest $40 million into mutual fund

Almaty. March 31. Silkroadnews - Kazakhstan and Hungary will make direct investment in the amount of $20 million each into the capital of the joint financial fund created, KazTAG reports as referred to the ministry of agriculture (MoA) of Kazakhstan.

“The initial capitalization of the Kazakhstani-Hungarian fund made US $40 million,” the statement says.
With that it specifies each party invest $20 million.

It is also reported that the fund plans to attract the additional $100 million investments.

“The fund plans to raise additional $100 million from the local and foreign investors,” the report says.
According to the MoA, the volume of investments into the agricultural sector in 2015 amounted 167 billion tenge. The volume of investments into the food industry’s capital got increased by 28% and amounted to 55,9 billion tenge.