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Comprehensive Economic Agreement with Montenegro on the Horizon

MTI-Hungary Today 2025.03.14.
Foreign Minister Péter Szijjártó (R) with his Montenegrin counterpart Filip Ivanović (L)

Hungary and Montenegro are working on a comprehensive intergovernmental economic cooperation agreement to enable Hungarian companies to play a major role in the digital and infrastructure development of the Western Balkan country, Minister of Foreign Affairs and Trade Péter Szijjártó said in Budapest on Thursday.

At a joint press conference with his Montenegrin counterpart Filip Ivanović, the minister said that Hungarian exports to Montenegro set a record last year with a value of over 100 million euros, and that investments from Hungary continue to flow into the Western Balkan country.

Hungarian corporate investments are contributing to the development of Montenegro’s economy in the most modern sectors, including information technology, telecommunications and finance,”

he detailed.

He said that the parties are therefore working on a comprehensive intergovernmental economic cooperation agreement to enable Hungarian companies to play an even greater role in the digital and infrastructure development of Montenegro.

Mr. Szijjártó expressed pride that during last year’s Hungarian Presidency of the Council of the EU, Montenegro had taken significant steps in the integration process. “Three accession negotiation chapters were closed under the Hungarian Presidency and we support Montenegro’s efforts to close further chapters under the current Polish Presidency,” he said.

The minister also pointed out that the European Union is in a particularly difficult situation, both economically and in terms of security, and that the competitiveness and weight of the Community on the global stage have been significantly weakened.

It is therefore in the EU’s fundamental interest to be able to integrate the Western Balkan countries as soon as possible,”

he added.

He regretted that the Western Balkan countries had been waiting for membership for an average of 14.5 years, during which time they had received “an incredible amount of cajoling and lecturing” from the EU. “I think that this waiting of more than 14.5 years is a very discourteous, I would say humiliating behavior towards proud nations,” he stressed.

Montenegro's EU Accession Negotiations Reach Milestone under Hungarian Presidency
Montenegro's EU Accession Negotiations Reach Milestone under Hungarian Presidency

The last time the European Union closed a negotiating chapter with Montenegro was seven and a half years ago.Continue reading

Via MTI, Featured image: MTI/Szigetváry Zsolt


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