Budapest, November 18 (MTI) – The Hungarian government will launch a 50 billion forint (EUR 160m) economic development programme in northern Serbia’s Vojvodina, the state secretary for economic diplomacy said on Wednesday.
Levente Magyar told a press conference that the majority of the allocation will be represented by a 30 billion forint credit programme and the remaining 20 billion forints will be offered as non-refundable subsidies. The primary purpose of the scheme is to help local farmers in Vojvodina to export their produce to remote destinations.
The programme will be implemented in cooperation with the Alliance of Vojvodina Hungarians.
Head of the Alliance of Vojvodina Hungarians Istvan Pasztor said the programme will span a five-year period and is adjusted to development plans in Serbia, Vojvodina and Hungary.