The memorandum is between ITDH – International Trade and
Development Hungary – and SIEPA – Serbia Investment and Export
Promotion Agency – and was signed on the first day of a two-day
meeting of the Hungarian-Serbian Joint Committee on Economics.
Hungary’s trade with Serbia has been developing dynamically, and
has increased over threefold in the past six years. In addition,
Hungary has become the largest foreign direct investor of Central
and Eastern Europe in the region. The overall value of Hungarian
investments in Serbia exceeds 300 million dollars.
In recent years, Hungarian SMEs have been establishing joint
ventures in Serbia. There are now several hundred of them, mainly in
Vojvodina and Belgrade, operating primarily in commerce and the