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FM Szijjártó Praises Hungarian-Serbian Ties: Relations At Peak Strength

• 14 Nov 2019 8:34 AM
• Hungary Matters

Hungarian-Serbian relations are at peak strength on the political, economic, trade and investment fronts, Péter Szijjártó, the foreign minister, told a press conference after a meeting of the Hungarian-Serbian mixed economic committee in Budapest.

Szijjártó noted that Serbia is Hungary’s top partner in the Western Balkans. Mutual respect forms the basis of friendly relations between the two countries, with bilateral trade reaching 2.5 billion euros last year, he said.

Goran Knežević, Serbia’s economy minister, noted that Hungary is Serbia’s sixth most important trading partner and its 13th biggest investor.

Speaking about concrete projects, Szijjártó noted Hungarian oil and gas company Mol’s over 110 million euro investment in Serbia, and acquisition of a Vojvodina bank and the Serbian subsidiary of Société Générale by OTP, Hungary’s leading bank.

The government has provided a 46 billion forint (EUR 138m) grant to support Hungarian farmers and entrepreneurs in Serbia’s northernmost Vojvodina province resulting in investments worth 86 billion forints, Szijjártó said.

Hungary’s Eximbank has opened a 110 million euro credit line to finance bilateral business cooperation, 50 million of which has already been laid aside for the upgrade of the Szeged-Subotica railway line, he said.

MTI Photo: Bruzák Noémi

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