The Hungarian-Montenegran economic joint committee is holding its current session in Podgorica. On the occasion of this session, State Secretary for External Economic Relations and Foreign Affairs Péter Szijjártó is holding negotiations with Minister of Sustainable Development and Tourism Branimir Gvozdenovic.

Montenegro is currently the pioneer of EU integration in the region and Hungary is the most important investing country in the Balkan state. The partnership agreement concluded last year includes the aim of establishing closer economic cooperation.

State Secretary Péter Szijjártó and Minister Branimir Gvozdenovic negotiated among others about how to increase Hungarian agricultural exports to Montenegro, which totalled 40 million euros last year. They discussed the extension of railway modernization between Budapest and Belgrade up to the city of Bar. Furthermore, they agreed on common research and development tenders, also mentioning that Hungarian companies had expressed interest in participating in energy and service projects.

(Prime Minister’s Office)