Hungarian companies will invest 18 billion forints (EUR 50.8m) in Serbia, with the Hungarian government’s 8.5 billion forint support, Foreign Minister Péter Szijjártó said in Belgrade. The nine companies in question will mainly invest in the farming, food processing and engineering sectors, Szijjártó said. All companies will expand their export capacities by building plants or manufacturing and processing their products in Serbia, he said. The support “strengthens the Serbian industry, which is in our interest … but also boosts Hungarian companies’ presence at European and global markets. Manufacturing goods abroad increases Hungarian companies’ competitiveness,” Szijjártó said.
Serbia is Hungary’s most important trading partner in the Western Balkans, Szijjártó said. The companies in question have key roles in restarting both economies, he said, citing Hungarian OTP Bank and oil and gas company Mol as examples.