Q:
A:
Memorandum on intensifying economic relations between Serbia, Hungary signed
Belgrade,
9 May 2006
State Secretary of the Serbian Ministry of International Economic Relations Vlatko Sekulovic and State Secretary of the Hungarian Ministry of Economy and Transport Gyorgy Gilyan today signed a Memorandum of Understanding aimed at intensifying economic relations between the two countries.
Gyorgy Gilyan, left, and Milan Parivodic
Author:
Fonet
The Memorandum is expected to boost foreign trade exchange and increase investment and cooperation in the field of infrastructure, as well as in the joint participation of companies on third markets.
Serbian Minister of International Economic Relations Milan Parivodic said on the occasion of signing the Memorandum, as the first part of the sitting of the joint commission for economic cooperation, that there are no obstacles to continuing the thus far successful cooperation between Hungarian and Serbian economies.
Parivodic said that Hungary's experience in accessing the European Union will be of great benefit to Serbia.
Sekulovic announced that talks on introducing an air service from Budapest to Belgrade will be scheduled soon. He added that the regulations which Hungary applied in the work of industrial parks will be included in great part into the Serbian legislation regulating that area.
He added that infrastructure is being renovated in Serbia rapidly because the attraction of foreign investment and economic recovery depends on infrastructure renewal.
Gilyan said that Hungary has received great benefits from becoming an EU member and that foreign investment in last year reached €5.3 billion.
He also added that trans-border cooperation between Hungary and Serbia is one of the most successful in the region.
Serbian Minister of International Economic Relations Milan Parivodic said on the occasion of signing the Memorandum, as the first part of the sitting of the joint commission for economic cooperation, that there are no obstacles to continuing the thus far successful cooperation between Hungarian and Serbian economies.
Parivodic said that Hungary's experience in accessing the European Union will be of great benefit to Serbia.
Sekulovic announced that talks on introducing an air service from Budapest to Belgrade will be scheduled soon. He added that the regulations which Hungary applied in the work of industrial parks will be included in great part into the Serbian legislation regulating that area.
He added that infrastructure is being renovated in Serbia rapidly because the attraction of foreign investment and economic recovery depends on infrastructure renewal.
Gilyan said that Hungary has received great benefits from becoming an EU member and that foreign investment in last year reached €5.3 billion.
He also added that trans-border cooperation between Hungary and Serbia is one of the most successful in the region.
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