Hungary’s Exim Bank is ready to invest 115 million euros in financing co-operation between Serbian and Hungarian companies, News
Hungary’s Exim Bank is ready to invest 115 million euros in financing co-operation between Serbian and Hungarian companies, Hungarian officials said at a recent Serbia-Hungary business forum.
As it was specified, these loans will be used on the market of the two countries, but they will also enable these companies to appear together on the third market.
Hungarian Minister of Foreign Affairs Peter Siarto called on businessmen with the possibility of using those loans, stating that Serbia is on the 11th place for investing Hungarian capital and that the largest Hungarian companies in Serbia are constantly increasing their presence and investments.
“There are no financial barriers to co-operation,” Siarto said. “Serbian-Hungarian companies can appear on the markets of third countries (Africa), but the essence is to form a company together on the markets of those countries.”
According to the Minister of Economy Andjelka Atanaskovic, Hungary has always been in the top 10 countries in terms of trade, which last year amounted to about 1.9 billion euros, and in the first quarter of this year, Hungary was in the top five countries in terms of trade.
The growing potential for cooperation is in the agricultural, food, processing industry, tourism, medicine and pharmacy, information and communication technologies and digitalization, said the advisor to the president of the PC, Miroslav Miletic.
“Large infrastructure projects have been announced with an emphasis on the Subotica-Szeged railway, but also for the completion of the reconstruction of the National Theater in Subotica.
The possibility of networking Serbian and Hungarian companies in order to improve business activities was announced by the director of the Hungarian Export Promotion Agency, Christoph Sabo.
At the business forum Serbia Hungary, an example of good cooperation was given by the Hungarian company Utiber, which has been operating in our country for seven years and employs about 40 domestic engineers engaged in a large project for the construction of the Belgrade-Budapest railway, RTV reports.