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Hungary and Serbia To Expand Cooperation

Tamás Székely 2014.11.21.

A record-high bilateral trade indicates significant improvement in cooperation between Hungary and Serbia, Foreign Minister Péter Szijjártó and Serbian President Tomislav Nikolic concluded in Belgrade yesterday. The two politicians agreed that the Hungarian community in Serbia is an important link between the two countries. They pointed out that infrastructure links between the two countries should be improved, in which a planned rapid railway connection between Budapest and Belgrade as well as further border crossing stations could have an important role.

Szijjártó expressed support for Belgrade’s European integration efforts, and said that the EU should give a boost to the enlargement process. As for the construction of the South Stream gas pipeline, it is in the interest of both Hungary and Serbia, and the whole region, Szijjártó insisted, urging the European Commission and Russia to renew talks on the project. Péter Szijjártó also met with Serbian PM Aleksandar Vucic and the Hungarian foreign minister will meet his Serbian counterpart Ivica Dacic as well. Szijjártó also attends the session of the Hungarian-Serbian Economic Joint Committee and a meeting of the Hungarian-Serbian Business Forum today.

Meanwhile Hungarian building materials maker Masterplast announced plans to establish a 400,000 euro fiberglass plant in Subotica (Szabadka) in North Serbia. The plant has annual capacity of about 8 million square metres. The company paid for the investment with its own resources, chairman-CEO Dávid Tibor said. Test production is expected to start by year-end, he added. Sales in Serbia generate about 11% of the company’s revenue.

via kormany.hu and hungarymatters.hu photo: Ministry of Foreign Affairs And Trade /MTI