Hungary will support nine domestic companies with 25 million Euro to place in Serbia, and the value of those investments will be between 75 and 80 million Euros, the Hungarian Foreign Minister Péter Szijjártó has said in a meeting with Sinisa Mali, Serbia's Finance Minister in Belgrade on Thursday.

 They also discussed the cooperation between the two countries in the implementation of large infrastructure projects, a Finance Ministry statement said.

Hungarian companies will invest in logistics centres, the pharmaceutical industry, fruit processing and the metal processing industry, mainly in central and southern Serbia.

The Economic Development Project will continue in Vojvodina, with Hungary’s support to small and medium enterprises.

Mali said the arrival of nine Hungarian companies in Serbia was great news and a good signal from the Hungarian Government, especially during the coronavirus pandemic.

He added that a joint meeting would be held with representatives of all companies so that they could start working in Serbia as soon as possible.

The two also discussed the modernisation of the railway between Subotica in Serbia and Szeged in Hungary, a key project for the population in both countries. They agreed the construction could be completed by mid-2022.

The topic of the meeting included the completion of the reconstruction of the National Theater in Subotica, for which Serbia’s and Vojvodina province government would allocate some five million Euro.

Mali added it was important „to know in times of crisis that you can rely on friends, such as Hungary, and thank for the huge support that country provided to Serbia.“

The two ministers agreed that both countries responded to the crisis caused by the coronavirus pandemic with a comprehensive package of economic measures, saving their economies.