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Apr 10, 2020

Hungary builds relations with Serbia

Péter Szijjártó, Minister of Foreign Affairs and Trade, noted that trade between Serbia and Hungary hit a record 2.6 billion euros last year. The governments are working to minimize the slide in that figure in 2020, he said.

Péter Szijjártó, Minister of Foreign Affairs and Trade, and Serbian Finance Minister Siniša Mali have discussed border crossing possibilities for commuters and maintaining freight traffic on the Hungarian-Serbian border. They also discussed speeding up construction of the Szeged-Subotica rail line.

According to MTI, Minister Szijjártó and Mali agreed that freight traffic should continue to be allowed to cross at the three border crossings currently open between Serbia and Hungary. Talks are under way on also allowing commuters to cross the Serbian-Hungarian border.

The ministers also agreed to speed up construction of the railway line between Szeged, in southern Hungary, and Subotica (Szabadka) in Serbia, deemed important for economic cooperation.

Minister Szijjártó noted that trade between Serbia and Hungary hit a record 2.6 billion euros last year. The governments are working to minimize the slide in that figure in 2020, he said.

Both countries are also planning significant economic stimulus measures. “If we coordinate our resources and aims, we can secure a serious advantage in the post-epidemic period,” he said. Hungary’s Eximbank has opened a 150 million dollar credit line to that end, he added.

Hungary also maintains its economic development program in Serbia’s northern Vojvodina region, “because a strong Vojvodina is in our and Serbia’s interest”. Both countries are working for “Hungary and Serbia’s success after the pandemic,” Minister Szijjártó concluded.