Q:
A:
Hungarian investors interested in Serbia
Senta,
22 April 2005
Serbian Deputy Prime Minister Miroljub Labus expects that the positive trend of cooperation between Serbia and Hungary will continue and that the readiness of Hungarian investors to invest in projects in Vojvodina and Serbia is a good basis for further improvement of cooperation between the two countries.
Participating at the first business investment forum in Senta, organised with the aim of presenting Serbian investment opportunities to Hungarian investors, Labus stressed that Serbia wants to attract as much foreign investment as possible in the process of privatisation, and thus follow the example set by Hungary.
According to Labus, the trade exchange volume with Hungary doubled over the past four years, growing to almost €450 million. He asserted that cooperation on this level could be improved more.
Labus noted that the foreign trade deficit with Hungary has been reduced, with the export-import ratio standing at 1:4.
Labus said that political and economic risk to investment is decreasing and that the state has been working intensively to eliminate administrative barriers to foreign investment, while at the same time striving to maintain macroeconomic stability and annual inflation levels below ten percent.
He said that the process of European integration is the government's main priority and voiced hope that negotiations on EU stabilisation and association will begin in autumn and that Serbia-Montenegro could join the EU as early as in 2012.
The business investment forum in Senta was organised by the Hungarian Embassy to Serbia-Montenegro. Director of the Serbian Privatisation Agency Miodrag Djordjevic, Vice-President of the Vojvodina Executive Council Istvar Pastor and the Hungarian Deputy Minister of Economy addressed the participants of the forum.
According to Labus, the trade exchange volume with Hungary doubled over the past four years, growing to almost €450 million. He asserted that cooperation on this level could be improved more.
Labus noted that the foreign trade deficit with Hungary has been reduced, with the export-import ratio standing at 1:4.
Labus said that political and economic risk to investment is decreasing and that the state has been working intensively to eliminate administrative barriers to foreign investment, while at the same time striving to maintain macroeconomic stability and annual inflation levels below ten percent.
He said that the process of European integration is the government's main priority and voiced hope that negotiations on EU stabilisation and association will begin in autumn and that Serbia-Montenegro could join the EU as early as in 2012.
The business investment forum in Senta was organised by the Hungarian Embassy to Serbia-Montenegro. Director of the Serbian Privatisation Agency Miodrag Djordjevic, Vice-President of the Vojvodina Executive Council Istvar Pastor and the Hungarian Deputy Minister of Economy addressed the participants of the forum.
-
Belgrade, 28 November 2025Serbia, Italy dedicated to further strengthening partnership
-
Belgrade, 28 November 2025Partnership with EU important for improvement of human, minority rights
-
Belgrade, 28 November 2025Italy one of Serbia’s most important bilateral partners
-
Belgrade, 28 November 2025Four bilateral documents exchanged between Serbia, DR Congo
-
Belgrade/The Hague, 27 November 2025Serbia committed to European integration process
-
Belgrade, 27 November 2025Strengthening relations between Serbia, France through major infrastructure projects
-
Belgrade, 27 November 2025Serbia, Germany dedicated to intensifying cooperation in field of agriculture
-
Belgrade, 27 November 2025Cooperation with Montenegro in modernising public administration
-
Belgrade, 26 November 2025CEI region remains committed to connectivity, integration, innovation
-
Belgrade, 26 November 2025Joint work of Serbia, Ukraine in European integration process