Sitemap

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

Serbia, The U.S., Spain, Argentina, Thailand Apply To Host EXPO 2027

Deputy Prime Minister of Serbia and Minister...

German Ambassador Konrad Visits The City Of Pirot

The Ambassador of the SR of Germany...

Uzice To Become The Cultural Capital Of Serbia In 2024

The working group for the preparation and...

Slivovica Included In The UNESCO’s World Heritage List

The Ministry of Culture of the Government of Serbia announced that the element of the intangible cultural heritage of...

Escobar: Open Balkan The Opportunity For Region To Recover

"Russia will not be a credible partner, so it is economically and politically wrong to count on cooperation with...

Foreign Investors Council In Serbia Celebrates Its 20th Anniversary

The Foreign Investors Council in Serbia (FIC) marked 20 years of operations with a ceremony held at Hyatt hotel. At...

Romania’s National Day Celebrated

The Embassy of Romania in Serbia marked the Day of Romanian Unification with a formal reception at the White...

New President Of Montenegrin Foreign Investors’​ Council Elected

The President of the Board of Directors of the Crnogorska komercijalna bank (CKB), Tamas Kamaraši, was elected as the...

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

Traditional Hungarian Goulash – Gulyásleves

Goulash (Gulyas) is the most famous Hungarian dish and a national staple. This is a traditional beef goulash soup recipe with a detailed step-by-step...

Peter Szijártó: The Oil Pipeline To Serbia Can Be Built In 18 Months

The pipeline for the transport of Russian oil from Hungary to Serbia can be built in eighteen months, said Hungarian Foreign Minister Peter Szijártó. "It...

Orban Awarded With The Order Of The Republic Of Serbia

Serbian President Aleksandar Vučić awarded Hungarian Prime Minister Viktor Orbán with the Order of the Republic of Serbia, for outstanding services in developing and...

Hungary’s Csaba Korosi Sworn In As President of UN 77th General Assembly

Hungarian diplomat Csaba Korosi was sworn in as the President of the 77th UN General Assembly, which will open in New York on Tuesday. Kőrösi...

President Of Hungary Katalin Novak Visits Serbia

After a ceremonial reception in Belgrade in front of the Palace of Serbia, the President of Hungary, Katalin Novak, met with the President of...

The Friendship Is Deep Between The Serbian And Hungarian People

The Hungarian government is committed to “a deep friendship based on the history shared by the Hungarian and Serbian peoples”, deputy Prime Minister Zsolt...

Ambassador Pinter: Serbia The Most Important Partner In Western Balkans

Hungary sees Serbia as the most important economic partner in the Western Balkans. The Hungarian government strives to support investments in the Serbian market,...

Serbia Buys Gas From Two Hungarian Companies

Minister of Finance Siniša Mali said that Serbia purchased gas from two Hungarian companies that is "stored in that country for our needs", and...