Political relations
Bilateral relations between the Republic of Serbia and Hungary are substantial and very intensive.The positive trend in the development of relations was successfully crowned by joint sessions of the two governments held in Belgrade (1 July 2014), Budapest (1 July 2015), Niš (20 – 21 November 2016), Budapest (8 – 9 February 2018), Subotica (15 April 2019) and Budapest (8-9 September 2021). During 2021, the Republic of Serbia was visited by the Prime Minister of Hungary V. Orbán and Minister of Foreign Affairs of Hungary P. Szijjártó and Hungary by the Prime Minister of the Republic of Serbia A. Brnabić and Minister of Foreign Affairs of the Republic of Serbia N. Selaković. In 2020, the Republic of Serbia was visited by the Prime Minister of Hungary V. Orbán, Minister of Foreign Affairs of Hungary P. Szijjártó and Hungary by the President of the Republic of Serbia A. Vučić.
Economic relations
In the first quarter of 2022 trade in the amount of 1.2 billion euros was realized (growth of 125,8 %), of which Serbian exports to Hungary amounted to 324,1 million euros (growth оf 31,6%) and imports amounted to 876.9 million euros (growth of 207,1%). Hungary is currently the third foreign trade partner of Serbia (behind Germany and China, ahead of Italy) and the 8th largest foreign investor with an investment volume of 950 million euros (2012-2021). In the 2021, trade in the amount of 2,292 billion euros was realized, of which Serbian exports to Hungary amounted to 1,089 billion euros and imports amounted to 1,203 billion euros. Hungary is among the few countries with which trade growth was recorded during 2020, when with the vast majority of countries there was a decline in trade, due to the Covid-19 pandemic.
Among the investments made by Hungarian companies in Serbia so far, the oil and gas distribution company MOL, ATP Bank, Masterplast YU, Knott AutoflexYug, Mini Pani and Tisza Automotive stand out.
Bilateral agreements
The Republic of Serbia and Hungary have signed 153 bilateral agreements, of which we single out:
- Memorandum of Understanding between the Government of the Republic of Serbia and the Government of the Republic of Hungary on the improvement of Serbia's integration into the European Union, signed: 10 June 2010;
- Agreement between the Government of the Republic of Serbia and the Government of Hungary on mutual recognition of state-recognized public documents on the level of education issued in the Republic of Serbia and Hungary, signed: 15 April 2019;
- Memorandum of Understanding between the Ministry of Construction, Transport and Infrastructure of the Republic of Serbia and the Ministry of Innovation and Technology of Hungary on the upgrade of the railway line between Subotica and Szeged, signed: 15 April 2019;
- Agreement between the Government of the Republic of Serbia and the Government of Hungary on cooperation in the construction, management, maintenance, reconstruction and rehabilitation of the gas pipeline for the transport of natural gas crossing the state border, signed: 14 June 2019;
- Memorandum of Understanding between the Ministry of Foreign Affairs of the Republic of Serbia and the Ministry of Foreign Affairs and Trade of Hungary on the joint use of the premises of diplomatic and consular missions of the two countries, signed: 18 December 2020;
- Agreement on cordial relations and strategic partnership between the two countries, signed: 8 September 2021.
Contact information
The Embassy of the Republic of Serbia in Budapest:http://www.budapest.mfa.gov.rs/
The Embassy of Hungary in Belgrade:https://belgrad.mfa.gov.hu/srb.
Ministry of Foreign Affairs of the Republic of Serbia – Department for Neighbouring and South-East Europe countries (DNSEE).
tel. 00 381 (0) 113068280; e-mail:osz@mfa.rs.