Hungary, Serbia sign business memorandum
Officials from the economy ministries of Hungary and Serbia signed a memorandum in Budapest on Wednesday stating their intent to cooperate in expanding ties between small and medium sized enterprises (SMEs) of the two countries.
The memorandum is between ITDH - International Trade and Development Hungary - and SIEPA - Serbia Investment and Export Promotion Agency - and was signed on the first day of a two-day meeting of the Hungarian-Serbian Joint Committee on Economics. Hungary’s trade with Serbia has been developing dynamically, and has increased over threefold in the past six years.
In addition, Hungary has become the largest foreign direct investor of Central and Eastern Europe in the region. The overall value of Hungarian investments in Serbia exceeds 300 million dollars. In recent years, Hungarian SMEs have been establishing joint ventures in Serbia. There are now several hundred of them, mainly in Vojvodina and Belgrade, operating primarily in commerce and the services. (serbianna)
ADVERTISEMENT
Duna House Profit Rise 36% y.o.y.
Parl't Approves Amendments to Legislation on Judiciary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
