RAS And HEPA Sign MoU On Cooperation On Foreign Market Growth Program


Japan’s Nidec Announces €1.5 bln Serbia Electric Motor Hub Plan

Nidec Corporation officially announced its decision to...

Production Of Sputnik V Launched In Serbia

The Russian Direct Investment Fund (RDIF, Russia’s...

Mastercard Unveils New Carbon Calculator Tool For Banks

New research on sustainability, commissioned by Mastercard,...


Production Of Sputnik V Launched In Serbia

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) and Institute of Virology, Vaccines and Sera “Torlak” announce...

Start Of The New EU For Local Development Programme – EU PRO Plus

EU PRO Plus, a new European Union programme for local development, which aims to contribute to the overall social...

Distribution Of Laptops And Tablets, Bridging Digital Divide In Serbia For The Most Vulnerable Children Project

The Head of the European Union Delegation to Serbia, Ambassador Sem Fabrizi, UNICEF Representative in Serbia, Deyana Kostadinova, and...

Meeting Of The Head Of EU Delegation And The President Of Serbia

President of the Republic of Serbia Aleksandar Vučić met today with the Head of the Delegation of the European...

U.S. Announces New USAID Development Cooperation Strategy With Serbia

On April 12, 2021, the Ministry for European Integration and the United States Government officially extended their development partnership...

The Development Agency of Serbia (RAS) and the Hungarian Export Promotion Agency (HEPA) signed a Memorandum of Understanding today, defining cooperation within the new program of the Government of Hungary “Foreign Market Growth Program” which provides support to the activities of Hungarian companies abroad.

The memorandum was signed on behalf of the agencies by the acting Director of the Development Agency of Serbia, Radoš Gazdić, and the new Director-General of HEPA, dr. Kristóf Szabo. The agreement was signed during the visit of a high delegation of HEPA to the Development Agency of Serbia.

The event was also attended by the associates of the Ambassador of Hungary to Serbia, H. E. dr. Attila Pintér, as well as the head of the HEPA office in Belgrade, Nemanja Milutinović, and representatives of HEPA and RAS.

The “Foreign Market Growth Program” is a new, and second in a row, program of the Hungarian Government, in which the two institutions are cooperating successfully. The program has shown great interest in Hungarian companies in investing in Serbia, and RAS participates in it with its full capacity.

Director of the Development Agency of Serbia, Radoš Gazdić and Director-General of HEPA, dr. Kristóf Szabo

Cooperation between RAS and HEPA started at the 10th session of the Joint Commission for Economic Cooperation between the Republic of Serbia and Hungary, held in Budapest on November 12 and 13, 2019, at which the General Director of HEPA, Balázs Hendrich, and Acting Director of RAS Radoš Gazdić had a meeting. At that occasion, HEPA presented the Investment Scheme for the Western Balkans Program, the government’s program intended to improve economic development and prepare the countries of the Western Balkans for EU membership by strengthening the presence of Hungarian companies.

An MoU for the first program was signed in November 2019 and referred to promoting the expansion of trade and investment between the two countries in the spirit of the principles of equality and reciprocity.

The results of that initial cooperation are the implementation of nine investment projects of Hungarian companies in Serbia worth over 50 million euros and jobs for about 250 people. As for the collaboration on the second program, agreed and signed today, RAS will recommend 26 potential investments of Hungarian companies in the form of a Letter of Support. Finally, some of these companies will receive grants from the Hungarian Government for investment in Serbia. Moreover, the projects that have applied for support are worth €150 million in total and will employ around 380 people in the future.

Bearing in mind that the Republic of Serbia considers every investment and new job opening as a highly important, the Development Agency of Serbia in this way gives support to the Hungarian companies willing to invest in Serbia and hopes the most of them will be successfully realized. 

HEPA (Hungarian Export Promotion Agency) is a government agency of the Republic of Hungary that aims to promote the exports of Hungarian companies and improve the international image of Hungary.

Related Articles

Coronavirus: What Are The Lockdown Rules In Different EU Countries?

Cases of COVID-19 are rising in many parts of the European Union. Consequently, some governments have decided to shut down many areas of public...

RAS Signs MOU For Business Cooperation With The Mizuho Bank

Development Agency of Serbia (RAS) signed a Memorandum of Understanding (MOU) for business cooperation with the Mizuho Bank, Ltd and its European subsidiary Mizuho...

Radoš Gazdić, Acting Director Of The Development Agency Of Serbia

We Have Reason For Satisfaction

Despite COVID-19, in the first half of 2020 Serbia already surpassed the results of our two previous best years when it comes to the...

Radoš Gazdić, Director of the Development Agency of Serbia

Vitality In Confronting Challenges

The experiences of the Covid-19 pandemic could prompt major companies to opt for geographically closer suppliers and logistically simpler processes in the future. This...

Prime Minister of Hungary Viktor Orbán Visits Serbia

Following the meeting with the Prime Minister of Hungary Viktor Orbán, President Aleksandar Vučić said that the relations between Serbia and Hungary are the...

NATIONAL DAY: 23 OCTOBER (Republic Day);
15 March (Independence Day)

Embassy Of Hungary

H.E. Mr. Attila PINTÉR Ambassador Extraordinary and Plenipotentiary Address: Krunska 72, Belgrade Tel: +381 11 2440 472 +381 11 2447 039 E-mail: [email protected] Website:

H.E. Attila PINTÉR, Ambassador of Hungary

Hungary’s Rapid Response and Measures Proved Effective

The coronavirus epidemic put Hungary into an unforeseen and difficult situation that required an immediate response. The first registered patient with COVID-19 was diagnosed...

The World Has a Plan to Fight Coronavirus

Tomas Šib ambasador Nemačke u Srbiji Entoni Godfri​ ambasador Amerike u Srbiji ambasador SAD u Srbiji ambasador u Srbiji Diplomacy in Serbia