Weekly newsletter

Hungary and Serbia have mounted the most successful responses in the economy and in health care to the coronavirus pandemic and the economies of both countries have remained strong, Foreign Minister Péter Szijjártó said on Friday.

Szijjártó said after a meeting of the Hungarian-Serbian economic mixed committee in Belgrade that neither Serbia, nor Hungary “viewed the issue of vaccines as an ideological or geopolitical issue but as a tool to save people’s lives”.

Thanks to the successful vaccination programs, the two countries recognize each other’s vaccination certificates since late April, allowing citizens free movement between the two countries, he said.

Szijjártó said that while global trade had fallen by 9 percent last year, trade between Hungary and Serbia increased by 3 percent, and another 16 percent increase was reported this year.

Thanks to the successful vaccination programs, the economy can now shift in focus, he added.

FM Szijjártó: Hungary Pandemic Response Most Successful in Europe
FM Szijjártó: Hungary Pandemic Response Most Successful in Europe

"The reason why we're in first place in vaccinations in Europe is because we bought enough vaccines in time," Szijjártó said.Continue reading

“Investments by Hungarian companies in Serbia are at an unprecedentedly high level and the successes of these companies in Serbia contribute to the further growth of the Hungarian economy,” he said.

Thanks to the latest acquisition, OTP has become the second largest participant in Serbia’s banking sector and oil and gas company MOL holds a 20 percent stake in the fuel market, with Hungarian companies’ interest in Serbian investment opportunities staying strong, he added.

He said the Hungarian government had granted 20 billion forints (EUR 57m) support to 16 Hungarian companies for carrying out investment in Serbia following the pandemic, and an economic development program for Vojvodina helps more than 14,000 businesses.

He said he had agreed with his Serbian negotiating partner during the Belgrade visit to further expand links between the two countries and make crossing borders easier. A train service between Szeged and Subotica (Szabadka) will start operation next summer and a border crossing in Hercegszántó will be made suitable for cargo transport, he added.

He noted that an agreement had been signed in St Petersburg on Thursday about long-term gas supplies from Russia and added that this would mean large volumes of gas deliveries to be received from the direction of Serbia starting from the end of this year.

He reiterated the position that the European Union needs Serbia and countries in the southern part of central Europe to join the bloc.

Foreign Minister: Time to Open New EU Accession Chapters with Serbia
Foreign Minister: Time to Open New EU Accession Chapters with Serbia

"European Union enlargement is a cornerstone of Hungarian foreign policy."Continue reading

“Europe has both economic and security interests in receiving Serbia as a full member of the EU and we will not stop demanding that the EU should make sufficiently intense efforts for Serbia’s integration,” he said, adding that the Western Balkans migration route was crossing Serbia and migration must be stopped.

Serbian Economy Minister Anđelka Atanasković told the press conference that political relations between the two countries were extremely good but there was always room for further improvement.

Hungary has been among Serbia’s ten most important trading partners for years and the construction of the Belgrade-Budapest railway line will further contribute to this. She said it was one of the most important infrastructure projects and added that projects in water management, transport and environmental protection also strengthened relations.

Hungary Sends Police Units to Serbia and North Macedonia
Hungary Sends Police Units to Serbia and North Macedonia

They will be equipped with a range of infrared cameras and police jeep cars.Continue reading

After the meeting of the economic mixed committee, Szijjártó and European Integration Minister Jadranka Joksimović signed a letter of intent to further strengthen bilateral relations and develop a Western Balkans capacity building scheme.

Featured photo via Péter Szijjártó’s Facebook page