HUF 9 bln in support for Vojvodina economic development

Telco

MTI / János Marjai

An economic development program for Vojvodina targets the farm and tourism sectors as well as SME developments, aiming to reverse the migration trend among young people in the region, according to a report by state news wire MTI.

Levente Magyar (photo: MTI / János Marjai)

Hungaryʼs government has so far placed about HUF 9 billion in grants and credit with businesses within the framework of an economic development program in Vojvodina, a region in the north of Serbia with a large ethnic Hungarian population.

On Wednesday, Levente Magyar, minister of state for economic diplomacy at the Ministry of Foreign Affairs and Trade, offered an update on the support, part of a three-year HUF 60 bln program launched in 2016, signing contracts with local businesses in Subotica. The six signatories will complete more than HUF 10 bln of farm investments, he noted.

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