Szijjártó discusses Budapest-Belgrade railway with Serbian rail director

Int’l Relations

Foreign Trade State Secretary Péter Szijjártó and Serbian Railways Director General Dragoljub Simonovic held talks in Budapest on Friday regarding renovation of the Budapest-Belgrade railway line, Szijjártó's press secretary, Judit Fülöp, said on Friday.

Szijjártó said that a working group had been formed to make preparations for the investment, noting that a Chinese delegate will join the group later. The heads of government of China, Hungary and Serbia signed an agreement to upgrade the Budapest-Belgrade railway line with Chinese support during a CEE-China summit last month.

Szijjártó estimated at the time that the upgrading would cost $2.9 billion to $3 billion, and said that the Chinese PM expressed China's willingness to cooperate in financing the project.

The state secretary said on Friday that renovation of the railway line promotes achievement of the objective of transforming Hungary into the primary transit country in the export of goods from the East to Western Europe.


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.