Despite the setback in the EU, Hungary remains committed to the cause.Continue reading
Minister of Foreign Affairs and Trade, Péter Szijjártó and Serbian Economy Minister Adrijana Mesarović discussed the deepening economic and strategic cooperation between their countries. The meeting focused on key areas of collaboration, particularly energy security and infrastructure development.
Regarding energy security, Péter Szijjártó highlighted Serbia’s crucial role as a reliable transit country for Hungarian natural gas, stating, “Serbia is a 100 percent reliable transit country for Hungary’s natural gas supply.” Hungary is currently storing 90 million cubic meters of gas for Serbia and is prepared to increase this storage if needed. The countries are also advancing their oil network interconnection project, with 310 kilometers of new pipelines planned to be built by 2027.
Economic cooperation between Hungary and Serbia is aimed at strengthening resilience to global economic shifts.
The Foreign Minister praised the strategic alignment of their interests, noting, “Hungarian-Serbian strategic economic cooperation is a serious and substantial help in this.” The successful integration of their economies is expected to bolster both nations against external threats and economic volatility.
Péter Szijjártó holding talks with the Serbian Economy Minister in Budapest’s Puskás Arena. Photo: Facebook / Szijjártó Péter
The meeting also focused on EU integration support, which was previously reported by Hungary Today. Mr. Szijjártó reiterated Hungary’s commitment to accelerating Serbia’s EU accession process, calling for the opening of the third group of accession negotiations during Hungary’s EU Presidency. He criticized the EU’s approach to Western Balkan enlargement, asserting,
we now see that the European Union needs the Western Balkan countries more than the Western Balkan countries need EU membership.”
The strengthened cooperation between the two countries is set to enhance both nations’ strategic and economic positions. The ongoing projects and support for Serbia’s EU integration reflect a robust partnership designed to navigate and leverage the complexities of the current global landscape.
Via MTI; Featured Image: Facebook / Szijjártó Péter