Published: December 02 2023
Hungary and Bosnia recently held a meeting in Budapest to strengthen their economic cooperation. The Economic Development Minister, Márton Nagy, met with the Prime Minister of the Serbian Republic of Bosnia, Radovan Viskovic, to discuss various topics related to bilateral economic ties.
Boosting Bilateral Economic Cooperation
During the meeting, Nagy and Viskovic discussed strategically important global developments and explored opportunities to enhance bilateral economic cooperation. They highlighted the importance of the manufacturing, agricultural, financial, and energy sectors. Additionally, they proposed organizing a joint economic forum to further strengthen economic ties between the two countries.
Hungary's Role as an Economic Bridge
Hungary expressed its commitment to serving as an economic bridge and playing a significant role in protecting jobs and promoting economic growth. Nagy emphasized the importance of Hungarian investments in the Western Balkan region and pledged to further support and promote such investments.
Trading Partnership Between Hungary and Bosnia
In 2022, Bosnia and Herzegovina ranked as Hungary's 44th trading partner. The two countries have exchanged substantial volumes of grain, chemical products, and plastic components. This trading partnership plays a vital role in the economic relationship between Hungary and Bosnia.
Hungarian Government's Support for Bosnia's EU Integration
In addition to strengthening economic ties, the Hungarian government has expressed its support for Bosnia and Herzegovina's integration into the European Union. This demonstrates Hungary's commitment to enhancing overall cooperation and fostering closer ties with its partner in the Western Balkan region. To learn more about the Hungarian government's support for Bosnia's EU integration, click \[here]\(link to the article).
Questions & Answers
Who held talks in Budapest to strengthen economic cooperation? Economic Development Minister Márton Nagy held talks with Radovan Viskovic, the prime minister of the Serbian Republic of Bosnia, in Budapest.
What did they discuss during the talks? Nagy and Viskovic discussed strategically important global developments and further opportunities in boosting bilateral economic cooperation.
What is the rank of Bosnia and Herzegovina as a trading partner for Hungary in 2022? Bosnia and Herzegovina ranked as Hungary's 44th trading partner in 2022.
What are the significant imports from Bosnia and Herzegovina to Hungary? Bosnia and Herzegovina imports substantial volumes of grain, chemical products, and plastic components to Hungary.
What is Hungary's goal in terms of its role in the economic cooperation? Hungary seeks to strengthen its role as an "economic bridge" in order to protect jobs and refuel economic growth.
Which sectors are targeted for strengthening bilateral economic ties between Hungary and Bosnia and Herzegovina? The sectors targeted for strengthening bilateral economic ties are manufacturing, agricultural, financial, and energy sectors.
What additional step is proposed to further economic cooperation? The proposal to organize a joint economic forum to foster economic cooperation between Hungary and Bosnia and Herzegovina.