Hungary to help its companies with EUR 25mln to invest in Serbia

Hungary will stimulate nine domestic companies with 25 million euro to invest in Serbia and the value of those investments will be between 75 and 80 million euros, the Hungarian Foreign Minister Péter Szijjártó has said in a meeting with Sinisa Mali, Serbia’s Finance Minister in Belgrade.

They also discussed the cooperation between the two countries in the implementation of large-scale infrastructure projects, a Finance Ministry statement said.

Hungarian companies will invest in logistics centres, the pharmaceutical industry, fruit processing and the metal processing industry, mainly in central and southern Serbia.

The Economic Development Project will continue in Vojvodina, with Hungary’s support to small and medium-sized enterprises.

Mali said the arrival of nine Hungarian companies in Serbia was great news and a good signal from the Hungarian government, especially during the coronavirus pandemic.

Discover the most important foreign investments in Serbia in 2019: click here!

He added that a joint meeting would be held with representatives of all companies so that they could start working in Serbia as soon as possible.

The two also discussed the modernization of the railway between Subotica in Serbia and Szeged in Hungary, a key project for the population in both countries. They agreed the construction could be completed by mid-2022.

The two ministers agreed that both countries responded to the crisis caused by the coronavirus pandemic with a comprehensive package of economic measures, thus saving their respective economies from crashing.

(N1, 29.10.2020)


This post is also available in: Italiano

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