Last week in Belgrade, more than 200 businesspeople from 117 companies across various sectors gathered for the Serbian-Hungarian Business Forum.
According to Marko Čadež, President of the Serbian Chamber of Commerce, bilateral trade between Serbia and Hungary reached 3.4 billion euros last year, placing Hungary among Serbia’s five largest foreign trade partners. He added that Hungarian investments in Serbia have exceeded 1.5 billion euros, and the forum is expected to further stimulate a new investment cycle.
The forum particularly highlighted the opening of a new area of cooperation in high technology, including opportunities for technological partnerships, digitalization, industrial transformation, and the application of artificial intelligence (AI) in business operations.
The official website of the Serbian Chamber of Commerce notes that an important step was the signing of a Memorandum on the financing of small and medium-sized enterprises, with the expectation that agreements reached at the highest level will be translated into concrete business deals, investments, and new jobs.
One of the topics discussed was potential additional collaboration in the automotive industry, given the arrival of Stellantis in Serbia, as well as investments by the Chinese electric vehicle manufacturer BYD and battery producer CATL in Hungary. This opens opportunities for Serbian and Hungarian companies to participate in supply chains for both conventional and electric vehicles.
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Regarding the railway sector, passenger traffic between the two countries on the Belgrade–Budapest high-speed line is planned to start by March 27. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó noted that freight rail traffic on the new line between Budapest and Belgrade has already begun, emphasizing that this connection links the southern European port with Western Europe, while the route through Serbia becomes the fastest and most efficient.
He added that currently ten freight trains operate between the two cities, with the number expected to increase to 16 trains per day in March, including four trains on the Vienna–Budapest route, establishing a direct Vienna–Belgrade line.
More about the discussions at the Serbian-Hungarian Business Forum can be read here.
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