Q:
A:
Serbia, Hungary aim to achieve trade exchange of $2bn
Belgrade,
26 November 2010
Minister of Trade and Services Slobodan Milosavljevic called on Hungarian firms today to invest in Serbia and use the free trade agreements it has for the joint sale of goods to the third markets.
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Milosavljevic said at the Hungarian-Serbian Business Forum, organised for the occasion of the official visit of Hungarian Prime Minister Viktor Orban to Serbia, that the two countries aim to achieve trade exchange worth $2 billion.
He specified that 500 mixed companies have been established so far and that Hungarian investment in Serbia totals €400 million and pointed out that the Serbian economy needs financial and technological partners, primarily in the wood-processing and machine industry, as well as in the energy and traffic sectors.
Hungarian Minister of Economy Gyorgy Matolcsy outlined that he expects that the Hungarian government will launch credits worth €100 million for joint projects with Serbia through the Development Bank.
These loans would be used in the field of agriculture and transport, and particularly for the Istanbul-Belgrade-Vienna-Budapest railway line, which will enable trains to travel at 200 kilometres per hour.
EU funds are already available for programmes of cross-border cooperation in the field of ecology and water management, Matolcsy confirmed and underlined that the goal of Hungary and Serbia is to jointly participate in European investment projects.
He expressed the readiness of Hungary to share its experience in the European integration process with Serbia, but noted that Serbia should not insist on a quick accession to the eurozone, which is now affected the most by the financial crisis.
In his opinion, the crisis in the EU will last another 10 to 15 years, primarily in the "old" member states, which is an opportunity for the economies of Central and Eastern Europe to come into the picture.
He specified that 500 mixed companies have been established so far and that Hungarian investment in Serbia totals €400 million and pointed out that the Serbian economy needs financial and technological partners, primarily in the wood-processing and machine industry, as well as in the energy and traffic sectors.
Hungarian Minister of Economy Gyorgy Matolcsy outlined that he expects that the Hungarian government will launch credits worth €100 million for joint projects with Serbia through the Development Bank.
These loans would be used in the field of agriculture and transport, and particularly for the Istanbul-Belgrade-Vienna-Budapest railway line, which will enable trains to travel at 200 kilometres per hour.
EU funds are already available for programmes of cross-border cooperation in the field of ecology and water management, Matolcsy confirmed and underlined that the goal of Hungary and Serbia is to jointly participate in European investment projects.
He expressed the readiness of Hungary to share its experience in the European integration process with Serbia, but noted that Serbia should not insist on a quick accession to the eurozone, which is now affected the most by the financial crisis.
In his opinion, the crisis in the EU will last another 10 to 15 years, primarily in the "old" member states, which is an opportunity for the economies of Central and Eastern Europe to come into the picture.
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