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Agreements reached at Hungary-Montenegro economic committee meeting

Agreements on concrete projects involving economic cooperation between Hungary and Montenegro were reached at a meeting of the two countries mixed economic committee in Podgorica, state secretary in charge of international relations at Hungary's National Economy Ministry Balázs Botos told MTI.

Decisions were made on which projects will be implemented as part of the cooperation and on a timeframe for carrying the projects out, Botos said.

Hungary and Montenegro are cooperating in the areas of waste management, energy-efficient buildings and the mapping and registration of illegal residential buildings, he said.

They agreed to continue cooperation in tourism and the oil and gas sector, and start cooperation in railways construction too, Botos said.

Hungary's OTP Bank has a unit in Montenegro as does Magyar Telekom. Hungary's Hunguest Hotels opened a four-star hotel near the country's coast last year. (MTI – Econews)