Szijjártó discusses partnership with Serbia

Int’l Relations

Péter Szijjártó, state secretary for foreign affairs and trade of Hungary, met with Snezana Bogosavljevic-Boskovic, the co-chair of the Hungarian-Serbian joint economic committee, in Szeged to discuss on energy security issues today, preceding the Serbian-Hungarian summit in Belgrade starting tomorrow.

Szijjártó said that both Hungary and Serbia are improving their strategic partnership in order to strengthen energy security in the area. He noted that the Ukrainian crisis has raised the need for the construction of the South Stream gas pipeline, so that Hungary can diversify its energy supply. The possibility to connect the Hungarian-Serbian electricity network also emerged during the talks, Szijjártó added.

The sides bilaterally agreed to speed up the renovation process of the rail line connecting Budapest and Belgrade, to cut travel time between the capitals from seven or eight hours to 3 hours, and to make the route ready for the arrival of the Western Europe-bound freight arriving from China via Greece.

Bogosavljevic-Boskovic said the two countries had a number of joint interests and plans in the areas of farming, food, water management and environmental protection, and that these would be discussed at the next meeting of the Serbian-Hungarian Joint Economic Committee this November.

Bilateral trade between Hungary and Serbia exceeded €1.6 bln last year, Szijjártó said. Hungarian companies operate about 400 joint ventures with local partners in Serbia. Hungary is the fifth-biggest investor in the country.


The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

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.